Copper Fox Metals Inc. (TSXV: CUU | OTCQX: CPFXF) has announced the results of its updated mineral resource estimate (MRE) on its wholly-owned Eaglehead copper-gold-molybdenum-silver porphyry copper project in northwestern British Columbia, Canada.
The MRE was prepared by Moose Mountain Technical Services with a C$5.50 net smelter return (NSR) as the base case for the MRE.
“This mineral resource estimate is a key milestone for Eaglehead as it is the first time an indicated mineral resource has been reported on the project,” commented Elmer B. Stewart, Copper Fox president and CEO.
“The current pit constrained resource estimate resulted from the geological modelling and compilation completed over the past year and shows a significant increase in project resources when compared to previous historical resource estimates. The spatial distribution of the alteration, mineral zonation, and style of mineralization indicates that the current mineral resource represents the upper level of a potentially much larger, open ended porphyry copper deposit.”
Indicated in situ grades at that NSR are reported as 70.8Mt at 0.221% Cu, 0.0108% molybdenum, 0.061g/t Au, 0.9g/t Ag or 0.326% copper equivalent. Inferred in situ grades at C$5.50 NSR cutoff are 242.3Mt at 0.192 Cu, 0.0035% molybdenum, 0.0434g/t Au, 0.6g/t Ag or 0.246% copper equivalent.
Eaglehead is an early Jurassic calc-alkaline Cu-Mo-Au-Ag porphyry deposit located approximately 50km east of Dease Lake hosted in the prolific Quesnel terrane in northwestern British Columbia, Canada. The deposit consists of four distinct mineralized zones: the East, Bornite, Pass, and Camp zones.
The MRE is effective as of 21 August 2023 and the NI 43-101 Technical Report disclosing the MRE will be filed on SEDAR+ within 45 days.
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