The area of interest for the original consolidation does not extend.

Copper Fox holds title and a 100% working interest in the Schaft Creek project consisting of 44,022.46 hectares (108,782 acres). Included in this total are the "Schedule A" mineral tenures 8,334.34 hectares (20,594 acres) originally conveyed to Copper Fox pursuant to the 2002 Option Agreement. The "Schedule A" mineral tenures are subject to a 3.5% Net Profits Interest held by Royal Gold, Inc., a 30% carried Net Proceeds Interest held by Liard Copper Mines Limited ("Liard") and an earn back option held by Teck Resources Limited ("Teck").

This is a holding pattern NR. It does not give details. Where's the money, how much for the items, when does drilling start, what's happening with the FS, where's the first Titan report (we paid for it), what order will the work be done in, when are the results expected, did the air part start yes/no and when, how's the RE coming along, silver?, how many drills this year, when's the AGM, ...

Too many questions. This might as well have been a generic template NR. Why? It came in above the stingy level but well below the exploration level. Those who guess this is for cuu 2 are probably right. With all the land locked down it is time for full disclosure. (Unless we are going farther West).