Today Copper Fox announced that they purchased some land north and south of the Schaft Creek deposit, and also at their Mess Creek claim which is 20 km or so to the northwest and unconnected.
Clearly Copper Fox is accumulating more land every year.
These are not minor purchases. Last year they purchased some pieces that were in the interior of the Schaft Creek claim, although not directly over the deposit but very close, i.e. you never know what complications would arise down the road. This year they have extended the Schaft Creek claim to the south and north. They have been consolidating lots of other mineral claims into the Schaft Creek claim as well over that time so it is becoming a truly huge mineral claim. If proven economic, this will be a district, not a single deposit, and all kinds of options would exist to partially develop, spin off, or joint venture the multiple deposits now called Schaft Creek .
I am particularly happy about the southern purchase. The deposit seems to go to the south and in my opinion, this is where another “main zone” is most likely to be found. I know the southern border of the main zone has been defined by drilling, but the limit of the property was not far away and the in-and-out nature of the deposit suggests the new area is worth looking at. The geophysics also bears out the potential.
Importantly to the investor, this is a potentially market moving area because of the topography. If they have another main zone, or anything like it down there and sink a drill hole grading 0.5% copper over 400-500 m, the stock will probably double.
I am intrigued by the Mess Creek purchase. This is a property they have always had but didn’t do anything with. Now that they have added to it I am wondering if Copper Fox is slowly morphing into more than a one-trick pony.
Related posts:
- Copper Fox Metals
- Copper Fox’s New Delays
- Novagold – Galore Creek Drill Results
http://www.junior-gold.com/wp/copper-fox-metals-more-than-a-one-trick-pony/
