Copper Fox Metals Company (TSXV: CUU; OTCC: CPFXF; FSE: HPU) provided an overview of the planned 2026 program at Shaft Creek, focusing on addressing the key aspects required in moving the project to the pre-feasibility stage. The Shaft Creek Project is managed by the Shaft Creek Joint Venture (SCJV). TEC RESOURCES LIMITED. (New York Stock Exchange: tic; TSX: TECK.A, tic.b) is the operator of the SCJV project and holds a 75% stake while Copper Fox owns the remaining 25%.
The Shaft Creek deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America containing significant gold, molybdenum and silver byproducts.
Highlights: Planned 2026 expenditures of C$9.1 million addressing key aspects of the scoping study review, including geological model technical review, mineralogical testing work, tailings and mine plan options analysis, and access road swap studies.
Also, preparation for a pre-feasibility study, limited camp maintenance and field program for environmental sampling and aquatic system impact study in British Columbia.
Elmer B stated. Stuart, President and CEO of Copper Fox, said, “Copper Fox is pleased with the scope and direction of the 2026 budget and program. The focus of the project is to move from data collection to assessing the technical condition of the project and looking to the future in terms of energy requirements. Completing the scoping review is a critical aspect of project development in preparation for entering the pre-feasibility phase.”
Since completing the 2021 initial economic assessment, the Supreme Council for Joint Ventures has conducted a series of investigations designed to enhance key project parameters for the project. The reviews planned for 2026 focus on evaluating the status of each of these key project parameters and identifying potential data gaps to determine whether additional studies are needed to meet the industry-standard Shaft Creek Project pre-feasibility study threshold.
A key element of project planning is determining its energy requirements and ensuring access to the energy needed to meet operating requirements. SCJV retained BC Hydro to complete a system impact study to better understand the energy requirements of the Shaft Creek Project and its impact on BC’s electrical grid. The study is expected to take several years to complete.
The 2026 field program is focused on completing maintenance and upgrading the camp for future programs and conducting limited environmental data collection.
Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR Project, a development stage and potential near-term medium-sized copper mine in Arizona and a 25% interest in the Schaft Creek joint venture with Teck Resources Limited (75% interest and operator) that hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia’s Golden Triangle.
In addition, Copper Fox owns 100% of the Eaglehead Resource Stage multi-metallic porphyry copper project in northwest British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona.
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