Elmer Stewart, CEO of Copper Fox Metals, discussed his company’s projects with Resource Investing News at VRIC. Specifically, Stewart touched on the recently released initial resource estimate for the company’s potential in-situ Van Dyke copper project in Arizona, noting that the deposit remains open for expansion.
Resource Investing News caught up with Elmer Stewart, CEO of Copper Fox Metals (TSXV:CUU), at Cambridge House International’s 2015 Vancouver Resource Investment Conference to find out a bit more about the company’s projects. Specifically, Stewart touched on the recently released initial resource estimate for the company’s potential in-situ Van Dyke copper project in Arizona, noting that the deposit still remains open for expansion. He also spoke about the benefits and challenges of in-situ mining.
In addition, Stewart touched on the reasons for Copper Fox’s investment in the Eaglehead copper-moly–gold porphyry in BC. While he admitted that the project still needs more exploration, he believes that it could have the potential to be “another Schaft Creek,” or one of the next large deposits in the province (Copper Fox’s subsidiary owns about a 42-percent interest in Carmax Mining (TSXV:CXM), which operates Eaglehead).
Finally, the CEO shared his outlook for the copper price, identifying increased demand from countries such as India and difficulties with bringing new developments online and maintaining existing production as drivers that could lead to increased prices. “Going forward, I think the price of copper is going to go up. I think it has to go up,” he said.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
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Copper Fox Metals is a client of the Investing News Network. This article is not paid-for content.