Copper Fox Metals Updates Mineral Resource Estimate for Eaglehead Project
Copper Fox Metals (TSXV: CUU) has released an updated mineral resource estimate (MRE) for its 100%-owned Eaglehead copper-gold-molybdenum-silver porphyry copper project located in northwestern BC.
The MRE was prepared by Moose Mountain Technical Services, utilizing a C$5.50 net smelter return (NSR) as the base case for the estimate.
At the C$5.50 NSR cutoff, the indicated in situ grades are reported as 70.8 million tonnes at 0.221% copper, 0.0108% molybdenum, 0.061 g/t gold, 0.9 g/t silver, or 0.326% copper equivalent.
For the inferred in situ grades, also at the C$5.50 NSR cutoff, they stand at 242.3 million tonnes at 0.192% copper, 0.0035% molybdenum, 0.0434 g/t gold, 0.6 g/t silver, or 0.246% copper equivalent.
This marks the first time that indicated resources have been reported for Eaglehead. Copper Fox President and CEO Elmer Stewart referred to the MRE as a significant milestone.
Stewart emphasized that the current pit-constrained resource estimate is the result of geological modeling and compilation carried out over the past year, revealing a substantial increase in project resources compared to previous historical estimates. He further stated that the MRE represents the "upper level of a potentially much larger, open-ended porphyry copper deposit."
