Teck also holds a 75% stake in Schaft Creek, a porphyry copper-gold deposit about 19 miles (30 kilometers) northeast of Galore Creek.

According to a calculation completed earlier this year, Schaft Creek hosts 1.35 billion metric tons of measured and indicated resources averaging 0.26% (7.76 billion lb) copper, 0.17 g/t (7 million ounces) gold, 1.25 g/t (54.3 million oz) silver, and 0.017% (510.6 million lb) molybdenum.

Copper Fox Metals Inc., which owns the other 25% of Schaft Creek, says the updated resource is being used to prepare a preliminary economic assessment that evaluates a 133,000-metric-ton-per-day mill and open pit mine at Schaft Creek, which is slightly larger than the operation outlined in a 2013 feasibility study.

The operation detailed in the earlier study was forecast to produce 4.88 billion lb of copper, 4.21 million oz of gold, 25.1 million oz of silver, and 214.9 million lb of molybdenum over a 21-year mine life.

In addition to a larger mill, the coming PEA will include changes in financial assumptions and metals prices over the eight years since the completion of a feasibility study for Schaft Creek.

https://www.miningnewsnorth.com/story/2021/04/30/in-depth/mining-new-oil-in-northern-copper-triangle/6791.html