The Conversation (0)
Copper Fox Metals (TSXV:CUU) reported that comminution and geometallurgical studies work on the Schaft Creek project in northwestern British Columbia is ongoing, and that the proposed diamond drilling program on the LaCasse zone is expected to begin on or before the end of June.
As quoted in the press release:
Schaft Creek Joint Venture:
The summer field program for the Schaft Creek project is expected to start in early June subject to snow and weather conditions. The Joint Venture is planning a diamond drill program on the LaCasse zone to test the depth extension of the copper-gold mineralization located in potassic-phyllic altered outcrop and in hydrothermal breccia. Approximately 2,500m (five holes) of drilling is planned with the last two holes of the proposed drilling program contingent on results.
Work on the comminution study to determine power requirements and circuit design as well as modelling of the geomet domains for the Schaft Creek deposit is ongoing. Selection of additional samples from existing diamond drill core for the geometallurgical portion of the 2015 program is planned during the summer field season.
The other studies related to the Optimization work on the Schaft Creek deposit to be advanced in 2015 (see news release dated February 4, 2015) include Geomet Unit definition, generation of new Whittle pits, and preparation of mine schedules. If warranted by the new studies, updating of operating and capital costs, flowsheet design criteria, and a new financial simulation are planned for later in the year.
Van Dyke ISL Project:
Moose Mountain Technical Services (“MMTS”) convened a meeting at site with representatives from Desert Fox, MMTS, Huff and Associates and Knight Piesold to discuss potential methods to access the deposit and location of the injection, recovery and monitoring wells. The options considered were either drilling from surface or using underground development to locate the wells required to leach the deposit. MMTS has recommended that the underground option by completion of a decline to access the oxide copper deposit be selected for the purposes of the PEA. The plan and spacing for the injection and recovery wells using both options for leaching the deposit were outlined in a trade-off study completed by Schlumberger Water Services. MMTS has taken on the metallurgical portion of the PEA.
Copper Fox President and CEO, Elmer Stewart, said:
We are pleased with the progress of the 2015 program of the Schaft Creek joint venture. The various studies focusing on the key economic drivers are ongoing. The diamond drilling on the LaCasse zone is testing a geological setting similar to that in the Paramount zone of the Schaft Creek deposit located approximately 3 kilometres to the south. The PEA for the Van Dyke ISL project is progressing. Several trade-off studies have been completed to focus on the concepts to be studied in the PEA. All Qualified Persons related to the PEA have visited the site.
Click here to read the Copper Fox Metals (TSXV:CUU) press release
Click here to see the Copper Fox Metals (TSXV:CUU) profile.
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