Teck, Copper Fox in Schaft Creek venture

Jul 16, 2013 | 03:56 PM | Everdeen Mason

Tags  Copper Fox, Teck Resources, Schaft Creek, copper, Everdeen Mason

NEW YORK — Teck Resources Ltd. has entered into a joint venture with Copper Fox Metals Inc. for the Schaft Creek copper-gold exploration project in northern British Columbia.

Teck will take a 75-percent stake in the mine project, about 16.2 miles from the Galore Creek property, in which the company holds a 50-percent interest, Vancouver, British Columbia-based Teck said July 16.

"What (Copper Fox has) explored appears prospective for eventual development, but it needs more work to progress to a point to decide how to proceed," a Teck spokesman told AMM. "The exploration process can take many, many years, so we have made a commitment to advance exploration on the property to assess ... what further needs to be done to accelerate the process."....

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