COPPER FOX METALS INC. Copper Fox Metals Inc. (Copper Fox or the Company) provided an outline of the 2024 program for the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. The Schaft Creek project is managed through the Schaft Creek Joint Venture (SCJV). Teck Resources Limited (Teck) is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest.
2024 Program Summary: The 2024 program is expected to advance the project from Scoping to PFS stage by confirming key aspects of the site and project design layout and to advance the geotechnical model. Determination of exact drill meter allocation will occur by the end of first quarter 2024 as data gathered in 2023 is being processed and interpreted. Essential camp upgrades including completion of the solar power facility is planned.
The key components of the 2024 program for Schaft Creek are: Drilling: The 2024 program consists of 2 drills and a planned 4,500-meter geotechnical drilling campaign allocated to the proposed open pit Highwall, TMF, and RSFs. The exact drilling allocations will be determined after receiving final results of the Pit Slope Stability study and interpretation of the geotechnical data collected in 2023. This work is expected to be received by the end of March 2024.
Environmental Baseline Studies: The 2024 program plans to continue the Environmental Baseline studies initiated in 2023 in preparation of an Environmental Assessment Permit submission. Studies will include water sampling (both surface and ground water), meteorology, hydrogeology, fish and fish habitat data collection, glacier and wildlife monitoring and cultural, heritage and archaeology studies in and around the project footprint. The data from these studies will be used to refine the project footprint and update details and design of infrastructure components including the Highwall, RSF locations, camp design, TMF, power transmission route, haul and access road designs to inform the PFS.
Cultural/Social: A significant portion of the 2024 program includes strengthening collaboration with the Tahltan Nation on cultural and social traditions initiatives as well as community support programs, continued community engagement and active engagement with the Tahltan Lands Department and Archaeology Team. Camp Upgrade: Camp upgrades will include completion of the solar power facility and refurbishment of existing bunkhouses and wash facilities. These upgrades will allow for expanded future field programs and ensure safe and efficient execution of the proposed 2024 field program.
