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Copper Fox Metals Inc. (TSXV:CUU) reported that drilling has commenced at the Van Dyke oxide copper deposit in Gila County, Arizona. The Company also detailed the 2014 program for the Schaft Creek Joint Venture with Teck Resources.
As quoted in the press release:
Highlights:
- Layne Christensen Company has been contracted to complete the 7 hole; 5,100 meter (“m”) diamond drilling program on the Van Dyke oxide copper deposit. The drilling will commence immediately,
- The recently completed analytical results for the original Van Dyke pulps show that:
- the 2014 weighted averages for total copper range from 93% to 97.5% of the original weighted averages based on the historical data of Occidental Minerals,
- the 2014 weighted averages for soluble copper range from 94% to 150% of the historical weighted averages,
- The recently completed analytical results for the re-sampling of the core from DDH-OXY-27 show that;
- the 2014 weighted average for total copper is the same as the historical weighted average,
- the 2014 weighted average for soluble copper is 107% of the historical weighted average, and
- The permit to complete the proposed Titan-24 survey over the Sombrero Butte copper-molybdenum project has been received.
Copper Fox Metals President, Elmer B. Stewart, said:
We are pleased with the direction and look forward to the results of the 2014 Schaft Creek program. The Van Dyke oxide copper deposit verification drilling program is designed to confirm the historical data in advance of completing a resource estimation; the first step in working toward completion of a Preliminary Economic Assessment (“PEA”). The positive correlation between the 2014 analytical results from the original pulps and re-sampling of the core strongly support the copper grades stated in the historical estimate.
Click here to read the Copper Fox Metals Inc. (TSXV:CUU) press release
Click here to see the Copper Fox Metals Inc. (TSXV:CUU) profile.
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