Copper Fox Metals Inc. Receives from Teck Resources Limited Reports on Environmental Baseline Studies Completed over the Past Two Years for the Schaft Creek Copper-Gold-Molybdenum-Silver Project Located in Northwestern British Columbia

Published: 2025-05-12 07:44:00 ET CUU.V

Published on 05/12/2025 at 07:44, updated on 05/12/2025 at 09:06

Copper Fox Metals Inc. reported that it has received from Teck Resources Limited ("Teck") reports on Environmental Baseline Studies completed over the past two years for the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV"). Teck is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest.

Archeological and Cultural Heritage Studies. This report summarizes the results of an Archeological Impact Assessment (AIA) completed pursuant to the Heritage Conservation Act under permit issued by the BC Ministry of Forests. The AIA included an assessment of revisions to the previously assessed project footprint including within the proposed Rock Storage areas and Tailing Storage facility and associated infrastructure.

The AIA located several new archeological sites and revisited several previously identified sites. This report reviews the historical results of water sampling programs completed since 2005 and new water sampling programs completed from 2021 to the end of 2024. The objectives of this report were to compile the cumulative surface water quality data and characterize the baseline surface water quality for streams in the project area while comparing this data to provincial and federal water quality guidelines for the protection of freshwater aquatic life.

Hydrogeological Studies. This report summarized the results of the cumulative hydrogeological baseline data collection program for the period of September 2023 to July 2024. Baseline monitoring programs were completed on the project since 2007 and were used to provide background information for the current baseline monitoring program.

Ground water levels were found to be generally close to surface and flow patterns are largely controlled by topography. The groundwater quality is characterized as neutral to slightly basic pH levels (ranging from 7.0 to 8.5) indicating high alkalinity and potential buffering capacity of the subsurface. Local exceedances of provincial and federal water quality guidelines For the protection of freshwater aquatic life were identified in several portions of the study area for fluorine, aluminum, arsenic, and iron.

Fish and Fish Habitat Studies. This study summarizes the results from the 2023-2024 fish and fish habitat baseline studies. The objectives of this report was to update fish habitat and fish community data at selected sites to confirm information gathered in previous years throughout the project area.

No fish were observed during the study period in Skeeter Lake or Snipe Lake, which are in close proximity to proposed infrastructure. The presence of kokanee was confirmed in Mess Lake located approximately twelve kilometers northeast of the Schaft Creek deposit. Metological and Glacier Monitoring reports detailing studies completed over the past two years were also received and are still under review.