CALGARY, Dec. 20 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the "Company"), (TSX-V: CUU) is pleased to announce the appointment of Samuel Engineering Inc. to perform pre-feasibility study level engineering services to assist the Company with its plans to fast track the development of the world class copper/gold/molybdenum mineral deposit located at Schaft Creek in north western British Columbia.
Samuel Engineering, Inc. (SE), based out of Greenwood Village, Colorado, is a multi-discipline, high performance team of over 95 engineering and design professionals who have worked together for the past 20 years on world class mining projects ranging in size from $15 million to $600 million. Specifically in the last ten years, as a company, SE has taken pride in its ability to provide solutions based engineering - whether the challenge relates to feasibility studies or detailed design, budget or aggressive schedule constraints, construction management or plant start-up.
Within the last two years SE has undertaken many successful feasibility studies around the globe. For example, SE recently completed an NI 43-101 compliant, bankable feasibility study for Canadian based Anatolia Minerals Development Limited, for their $125 million gold project located in Turkey. This study led to the successful completion of first round financing and allowed the advancement and exploration of ongoing mining and detail engineering, activities. SE has performed detailed engineering design, procurement, and construction management (EPCM) services worldwide. One current project is the Rock Creek Mining Facility in Nome Alaska. Some of SE's current clients include Newmont Mining, Kennecott, NovaGold, and Dominion Resources.
Copper Fox is also pleased to announce the reappointment of Keith McCandlish, P.Geol and V.P. of Associated Geosciences Ltd. of Calgary as its Independent Qualified Person for the Schaft Creek Project. Additionally, Copper Fox has commissioned Associated Geosciences Ltd. to complete a new resource estimate for the Schaft Creek project.
Associated Geosciences Ltd. (AGL) is a multidisciplinary consulting firm which provides comprehensive consulting and engineering support to the minerals, energy, environmental and engineering sectors. AGL has specialist expertise in exploration and resource evaluation covering a range of mineral commodities, coal and oil sands. As well, AGL offers mine safety services, operational assistance and management, project economic analyses and mine design and engineering. AGL's geophysical group provides a wide range of specialist services in exploration, engineering and environmental geophysics. AGL operates from offices in Vancouver and Calgary and is jointly owned by the Associated Engineering Group and IMC Group holdings Limited.
AGL will incorporate all of the drilling results from the Copper Fox 2005 and 2006 drill programs into the new resource estimate. Staff from the AGL Calgary office will work on the new estimate and be assisted by associates in South Africa.
Copper Fox is a Junior Resource Mining Company listed on the TSX-Venture Exchange (CUU). The company is involved in the exploration and development of a copper/gold porphyry deposit located in north western British Columbia at Schaft Creek. Under the terms of an option agreement negotiated with Teck Cominco Limited, Copper Fox can acquire up to a 94.3% interest in the Schaft Creek mineral deposit.
ON BEHALF OF THE BOARD OF DIRECTORS
Guillermo Salazar S., P. Geol.
President and CEO
The TSX Venture exchange has not reviewed the contents of this news
release and accepts no responsibility for the adequacy or the accuracy
This news release may contain forward - looking information including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward - looking information includes disclosure regarding possible future events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. For any forward looking information given, management has assumed that the assay results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.