Enough saidCopper Fox owns 42% of Carmax and Copper Fox is 56% owned by one of the world’s richest mining guys who therefore owns 25% of Carmax.
Copper Fox owns the Schaft Creek copper/gold/moly/silver project just ‘down the road’ from the Eaglehead.
Their Schaft Creek deposit hosts a Measured and Indicated Resource of 1,228.6 tonnes grading 0.26% copper, 0.017% molybdenum, 0.19 g/t gold and 1.69 g/t silver and a 597.2 million tonne Inferred Resource grading 0.22% copper, 0.016% molybdenum, 0.17 g/t gold and 1.65 g/t silver.
Tech Resources (75%) is Copper Fox’s (25%) partner in the Schaft Creek Joint Venture.
In January 2013, Copper Fox filed a National Instrument 43-101 Technical Report comprising a feasibility study of a 130,000 tonne per day-open pit mine with a Proven and Probable Reserve of 940.8 million tonnes grading 0.27% copper, 0.19 g/t gold, 0.018% molybdenum and 1.72 g/t silver; with contained metal of 5,611.7 million pounds of copper, 5.8 million ounces of gold, 363.5 million pounds of molybdenum and 51.7 million ounces of silver.
The feasibility study contemplated a 21 year mine life.
Copper Fox found all of the above AND they got an incredible carried deal on it for their shareholders from one of the world’s major mining companies.
Now Copper Fox is helping to finance Carmax.
Do ya think they just might possibly know a thing or two regarding porphyry style copper-molybdenum-gold-silver mineralization in the area?
Copper Fox is spending money on Carmax’s Eaglehead, Tech is spending money on Copper Fox’s Schaft Creek. Monies are being spent, projects are being advanced, partnerships have been formed.
Ask yourself a very simple one word question - why?
Enough said, except Carmax should be on every junior investors radar screen.
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