Exploration & Processing - Winter 2011 - (Page 44)

COPPER FOX METALS BY RUSS GAGER Copper Fox Metals is developing the rich Schaft Creek copper deposit in northwestern British Columbia, and expects more than 8 billion pounds of copper. HAVING YOUR OWN SOURCE OF COPPER IS MONEY IN THE BANK FOR COMPANIES THAT USE IT IN THEIR PRODUCTS, THANKS TO PROJECTED SHORTAGES. GOOD AS GOLD COMPANY PROFILE Copper Fox Metals www.copperfoxmetals.com Market Capitalization: $300 million HQ: Calgary Employees: 7 Specialty: Development of Elmer Stewart, president and CEO: “There’s a certain fever W Schaft Creek deposit of copper, gold, molybdenum and silver building out here in the copper industry based on the supply and demand fundamentals.” 44 | EXPLORATION-PROCESSING.COM ith worldwide shortages of copper expected in the near future and subsequent price increases, companies that have their own source of it will have a strategic advantage. It is with that in mind that Copper Fox Metals is completing a feasibility study on developing the Schaft Creek deposit in northwestern British Columbia for sale, joint venture or merger with another company. Not only is the deposit rich in copper – the measured and indicated resources are projected to contain 8 billion pounds of it – it also is expected to deliver 7.9 million ounces of gold, along with 69 million ounces of silver and 568 million pounds of molybdenum, which is used to strengthen steel. That is not counting the inferred resources, which were estimated in 2008 at nearly 5 billion pounds of copper, 5 million ounces of gold, 34 million ounces of silver and 3 million pounds of molybdenum. Good news for the extraction of the deposits in this part of British Columbia is the installation of high-voltage electrical power mostly from hydroelectric sources. “The province of British Columbia has announced BC Hydro plans to extend its power grid with a high-voltage power line into the middle of the area, which has a significant impact on the economics of the projects in this part of WINTER 2011 http://www.EXPLORATION-PROCESSING.COM

Table of Contents for the Digital Edition of Exploration & Processing - Winter 2011

Exploration & Processing - Winter 2011
Redefining Refining
Synfuels Success
A Natural Solution
After the Fallout
Uranium on the Rise
Galleon Energy Inc.
Gibraltar Mines Ltd.
The Municipal Group of Companies
Selwyn Resources Ltd.
Redmond Minerals Inc.
Copper Fox Metals
Henry Resources
OFM Pump Inc.
Sunshine Oilsands Ltd.
Pacific Rubiales Energy Co.
Thermo Design Engineering
Alexco Resource Corp.
North American Palladium
Mammoet Canada Eastern Ltd.
KSM Inc.
Industrial Equipment Manufacturing Ltd.
Flexpipe Systems
Guyana Goldfields Inc.
Flotek Industries Inc.
Dominion Terminal Associates
Compressor and Engine Service LLC
BEHR Energy Services Ltd.
LoneStar Energy Fabrication
American Oil & Gas – The Goliath Project
Alberta Oilsands Inc.
Southern Petroleum Laboratories Inc.
Cochrane Technologies Inc.
Crystal Flash Energy
Energold Drilling Corp.
Esperanza Resources Corp.
Explorator Resources Inc.
Rush Sales Co.
Kimber Resources Inc.
Nelson Bros. Oilfield (1997) Services Ltd.
Gulf Copper and Manufacturing
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Exploration & Processing - Winter 2011