Carmax Announces $1.5 Million Exploration Program For Eaglehead

Carmax Mining (TSXV:CXM) has outlined its 2016 exploration program for its Eaglehead property. The program is expected to cost $1.5 million. Copper Fox Metals (TSXV:CUU) has an interest in the Eaglehead property through the ownership of its subsidiary, Northern Fox Copper, in Carmax.
As quoted in the press release, highlights of the program will include:

Phase I Highlights:

1. Additional preliminary metallurgical testing to better define the recovery curves for copper-molybdenum-gold and silver;
2. Test work to determine a separate molybdenum recovery circuit as well as Bond and Abrasion indices;
3. Re-analysis of existing sample pulps from historical drilling to standardize the project data base to have the silver contained in the mineralization included in the next resource estimate; and
4. Geophysical studies to determine physical parameters of various mineralized lithologies at the Eaglehead deposit to remodel the 6,000m long chargeability/resistivity signature outlined in 2014.

Jevin Werbes, President of Carmax commented, “Our understanding of the controls on mineralization and mineral potential of the Eaglehead porphyry copper project has advanced considerably since 2014. On completion of the 2016 work program; Carmax would like to be in a position to make a decision on commencing a Preliminary Economic Assessment of the Eaglehead porphyry copper deposit.”
Phase II of the 2016 program consists of diamond drill testing of the Eaglehead deposit as well as re-logging, sampling or re-sampling of historical drill holes to better map lithology, alteration and sulphide species within the Eaglehead deposit.
Metallurgical Testwork:
The 2015 test work yielded encouraging results related to liberation of copper sulphides, estimated percentage copper-gold and silver recoveries and the grade and precious metal credits contained in copper concentrates. The 2016 test work includes additional samples of varying copper-molybdenum-gold-silver head grades to obtain better copper-molybdenum-gold and silver recovery curves as well as determining the percentage molybdenum recovery and grade of a separate molybdenum concentrate. Tests to determine the Bond Work index, Abrasion index and various grind sizes are also planned to determine power and grinding medium consumption on a per tonne basis for the mineralization.

Click here for the full press release.