The Conversation (0)
Copper Fox Metals (TSXV:CUU) announced that they have acquired 100 percent of the interests of Bell Resources (Nevada) Corporation in the Van Dyke copper deposit in Miami, Arizona.
Copper Fox Metals (TSXV:CUU) announced that they have acquired 100 percent of the interests of Bell Resources (Nevada) Corporation in the Van Dyke copper deposit in Miami, Arizona.
As quoted in the press release:
Under the terms of the acquisition, Copper Fox acquired the Van Dyke Deposit by paying to Bell Copper CDN$500,000 in cash, paying to the vendors of the Van Dyke Deposit US$1.5 million and assuming the continuing obligations in respect of the Van Dyke Deposit, subject to certain amended terms and conditions.
Copper Fox’s President and CEO, Elmer Stewart, said:
The acquisition of the Van Dyke Deposit adds another significant under explored copper asset to the Company. The historical work completed on this deposit including resource estimation, preliminary in-situ leaching testwork and an economic evaluation, all completed on or before 1981 yielded positive results. The historical information also suggests possible extensions of the copper mineralization at depth and along strike. This acquisition complements our large Schaft Creek copper-gold-molybdenum-silver deposit and provides the Company an under explored advanced project with excellent logistics located in a major copper producing district in Arizona.
To view the full press release, click here.
CUU:CC