TAHLTAN CENTRAL GOVERNMENT – INDUSTRY REPORT 2022
MINERAL EXPLORATION COMPANY
COPPER FOX METALS PROPERTY LOCATION & ACQUISITION DATE
PROJECT ACTIVITIES IN THE 2021 SEASON
Eaglehead, 52 km east of Dease Lake, was acquired in April 2021. Schaft Creek, 60 km south to Telegraph Creek, Option Agreement with Teck Resources Limited (Teck) in 2005 followed up with a joint venture (Schaft Creek Joint Venture, "SCJV") in July 2013.
Eaglehead – 21.6-line km of IP survey, 21.8 km of brushing, relogging and sampling of historical drill core, established water sampling location points. Schaft Creek – 3,500 metres of drilling.
COMPANY OVERVIEW & UPDATE
Number of employees working on your project(s)?
Copper Fox Metals Inc. 650-340 12 Ave. SW, Calgary, AB T2R 1L5 copperfoxmetals.com
Any successes or challenges you’d like to share?
Three for Eaglehead and one of the three for Schaft Creek.
Successes – Eaglehead – The relogging program at Eaglehead went smoothly and provided further insight to the extent of the mineralized footprint on the property. Data collected from a portion of the IP program also improved our understanding of the chargeability characteristics at Eaglehead. Schaft Creek – Teck completed 835 metres of a planned 3,500 metres drilling program.
Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap? Existing shareholders of the company, either by participating in private placements or exercising with warrants from previous private placements. Copper Fox is a publicly traded company and currently the management and board of directors of the company own 58% of the common shares with the remaining 42% held by 4,000 shareholders. Market cap is currently $141 million.
Challenges – Weather presented a challenge towards the end of the season for both projects resulting in deteriorating conditions to the point where it became unsafe to continue. Equipment failures and performance issues during the IP survey were a factor at Eaglehead that lead to early termination of the program as well.
Below: Eaglehead location map.
Tentative plans and hopes for the 2022 season? 441000
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^ _ Eaglehead – We are planning to complete ~2,500 metres of drilling and potentially extend the geophysical grid out towards the far east zone. Schaft Creek – The 2022 program has not been presented to Copper Fox from Location of the the Operator (Teck). The 2022 program is expected to Eaglehead be delivered around the end of February 2022. Exploration Site Project Location
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Sources: National Geographic, Esri, DeLorme, HERE, UNEP-WCMC, USGS, NASA, ESA, METI, NRCAN, GEBCO, NOAA, increment P Corp.
RELATIONSHIP WITH THE TCG & TAHLTAN NATION During the 2021 season, what involvement did TCG personnel and departments have with your company? If they were not involved, why not?
Eaglehead Project
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Map ID: GE-Eagle-012
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Coordinate System: NAD 1983 CSRS BC Environment Albers
Kutcho Exploration Project
Basemap Sources: National Geographic, Esri, DeLorme, HERE, UNEP-WCMC, USGS, NASA, ESA, METI, NRCAN, GEBCO, NOAA, increment P Corp. November 25 2016
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Eaglehead – The TCG provided insight and consult, specifically the Employment & Contracting Department, regarding contractors for 2021. 1:575,000 Eaglehead 10 20 and Schaft Creek news releases are Kilometres forwarded to TCG Management which keeps them apprised of our activities.
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