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Copper Fox Metals (TSXV:CUU) reported that Moose Mountain Technical Services has begun a resource estimate on the Van Dyke copper project. The company also reported preliminary drill results on its subsidiary Northern Fox’s 42 percent investment in Carmax Mining Corp’s Eaglehead project.
As quoted in the press release, recent highlights included:
- Moose Mountain Technical Services (“MMTS”) has commenced a resource estimate on the Van Dyke copper deposit pursuant to National Instrument 43-101 (“NI-43-101″) standards,
- Metallurgical testwork on samples of copper mineralization from the Van Dyke deposit are ongoing, and a preliminary report highlighting percentage copper recoveries should be available in a few weeks,
- At Eaglehead diamond drill hole (“DDH”) 0121 intersected 0.23% copper, 0.013% molybdenum, 0.06g/t gold and 0.91g/t silver (0.37% copper equivalent “CuEq”)) over a core interval of 521.2m that included,
- 0.21% copper, 0.003% molybdenum, 0.02g/t gold and 0.51g/t silver (0.25% CuEq) over a core interval of 278.1 metre (“m”) from the top of the hole at 29.9m to a core interval of 308.0m, and
- 0.27% copper, 0.025% molybdenum, 0.09g/t gold and 1.36g/t silver (0.48% CuEq) over a core interval of 243.1m that extends from 308.0m to the end of the hole at 551.1m, and
- DDH0122 intersected 0.28% copper, 0.016% molybdenum, 0.14g/t gold and 1.52g/t silver (0.43% copper equivalent) over an interval of 116m starting at a core length of 141m within a 304m interval that averaged 0.18% copper, 0.005% molybdenum, 0.07g/t gold and 0.82g/t silver.
Copper Fox president and CEO, Elmer B. Stewart, said:
We are pleased to see the Van Dyke project advance to the resource estimation stage. This is a significant milestone in the development of the project and is in line with our 2014 goals and objectives. The ongoing metallurgical test work combined with the assessment of the historical information and the results of the 2014 exploration program has provided our consultants with a considerable amount of data for which to assess the Van Dyke copper deposit. The length, copper equivalent grades of the mineralized intervals along with the different styles the mineralization support our interpretation of the presence of a potential large, complex porphyry copper deposit on the Eaglehead project.
Click here to read the Copper Fox Metals (TSXV:CUU) press release
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