Vancouver-based Copper Fox Metals, through its wholly owned subsidiary Desert Fox Van Dyke Company, has announced that it has hired Phoenix company NV5 Incorporated.
NV5 has been retained to prepare documentation needed to obtain the governmental permits required to complete a five well pilot scale in-situ leach test on the Van Dyke Copper Oxide Project in Miami.
Copper Fox officials are pointing out that a Preliminary Economic Assessment done in November 2015 recommended the completion of a feasibility study, including the leach test. We are also being told the results of this study suggested the Van Dyke project is a technically sound in-situ leach project with low cash costs and robust pre-tax and post-tax value and internal rate of return.
According to the company, the main permits needed for this well test are:
The estimated cost to acquire the two governmental permits is $425,000. The estimated time period required to obtain the permits is one year.
Elmer Stewart, who is the president and chief operating officer of Copper Fox, further reported this week that the historic information about the Van Dyke deposit under the town of Miami (currently on file with the Arizona Department of Environmental Quality) could be used to “build both of these permit applications. This historical data will assist in summarizing ground water quality in preparation of a hydrogeological model for the Van Dyke Copper project, as required by Arizona Revised Statutes."
Stewart notes that other federal and state agencies could become involved in this permitting process. He says an Environmental Management Plan will be developed to comply with the permitting process.
Copper Fox Metals owns or controls nearly 1,000 acres of mineral rights in, around and under the town of Miami.