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Copper Fox Metals Inc.

Publié le 08 septembre 2015

Copper Fox Reports Large Chargeablity Signature on Sombrero Butte Property

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Copper Fox Reports Large Chargeablity Signature on Sombrero Butte Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 8, 2015) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox") are pleased to announce the results of the deep penetrating Quantec Titan-24 DCIP ("IP") survey on the Sombrero Butte copper project located in the Bunker Hill Mining District, Arizona. The Titan-24 DCIP survey is a "state of the art" geophysical exploration technique used to explore for chargeability and resistivity signatures that are commonly associated with porphyry copper deposits.

The objective of the IP survey was to determine if chargeability and/or resistivity signatures, which are typically associated with porphyry copper deposits, occur below the area explored in 2013. The 2013 exploration program on the Sombrero Butte project outlined an area that measures approximately 4,000 meters ("m") (13,000 feet) long by 1,200m (4,000 feet) wide that exhibits the alteration types, copper-molybdenite veining, geochemical signatures and a number of mineralized breccia pipes (commonly associated with porphyry copper deposits in this part of Arizona), all of which suggest the presence of a porphyry copper system at depth (see News Release dated November 19, 2013). Some of the breccia pipes located within this area were previously tested by diamond drilling prior to Desert Fox's involvement in this project. This diamond drilling intersected higher grade copper mineralization over considerable widths (see News Release dated July 9, 2012) in some of the breccia pipes tested.

Highlights of the survey are:

  • Line 1 hosts a strong chargeability signature (> +10 mrds) that is estimated to be 3,400m long, extends to a depth of at least 500m below surface and is open to the south;
  • a strong chargeability signature (> +10 mrds) on Line 2 is estimated to be 4,300m long, extends to a depth of at least 500m below surface and is open to the north beyond the property boundary; and
  • the chargeability signature is at least 600m wide and is open to the east and west.

Elmer B. Stewart, President and CEO of Copper Fox stated, "The results of the IP survey support our interpretation of the presence of a buried porphyry copper system. The large chargeability signature exhibits a strong positive correlation with the alteration, mineralization and copper-molybdenite geochemical anomalies outlined in 2013 and with historical drill results."

IP Results

The survey includes two northwest oriented survey lines with 600m line spacing and 150m station intervals over the area defined in 2013. A total of 12.3 kilometers ("kms") were surveyed using a pole-dipole configuration for the direct current ("DC") and induced polarization ("IP") measurements. In the northwestern part of the grid, the survey lines extend from the Sombrero Butte property onto the neighboring property. This news release presents only the survey results for Sombrero Butte property.

Based on the reliability and repeatability of the DC and IP inversion results, a total of nine zones of exploration interests have been resolved in the Sombrero Butte project. Any drilling efforts based on these interpretations must incorporate other geological, geophysical and geochemical results. For instance, diamond drill hole SB-03 completed in 2007 is located between survey station points 4350 and 4425 on Line 2. This drill hole intersected two intervals of copper mineralization in breccia (from 272 to 294m that averaged 0.58% copper and from 470 to 392m that averaged 1.31% copper). The interval from 492 to 645m averaged 0.086% copper in weakly altered granodiorite and is reported to contain minor concentrations of chalcopyrite-bornite and molybdenite mineralization based on the drill core log description. This drill hole is interpreted to have intersected the outer edge of the chargeability signature commencing at survey station 4425 on Line 2.

Elmer B. Stewart, MSc. P. Geol., President and CEO of Copper Fox, is the Company's nominated non-independent Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has prepared the scientific and technical information disclosed in this news release.

About Copper Fox

Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX VENTURE:CUU) focused on copper exploration and development in Canada and the United States.

Copper Fox has four primary assets with associated resources and reserves as noted below:

  1. 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia.
  2. 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.
  3. 50.97% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northern British Columbia.
  4. 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona.
Mineral Reserves Reserve Estimate Data Copper Fox Share Metal Holdings
Project Reserve Category Tonnes
(Mt)
Cu
(%)
Mo
(%)
Au
(g/t)
Ag
(g/t)
Cu
(Blb)
Mo
(Mlb)
Au
(Moz)
Ag
(Moz)
Schaft Creek (1) Proven 135.40 0.31 0.018 0.25 1.81 0.23 13.43 0.27 1.97
Probable 805.41 0.27 0.018 0.19 1.70 1.18 79.88 1.24 11.01
P & P* 940.81 0.27 0.018 0.19 1.72 1.41 93.31 1.51 12.98
Mineral Resources Resource Estimate Data Copper Fox Share Metal Holdings
Project Resource Category Tonnes
(Mt)
Cu
(%)
Mo
(%)
Au
(g/t)
Ag
(g/t)
Cu
(Blb)
Mo
(Mlb)
Au
(Moz)
Ag
(Moz)
Schaft Creek (2) Measured 146.62 0.31 0.017 0.24 1.78 0.25 13.73 0.29 2.10
Indicated 1,081.94 0.26 0.017 0.18 1.68 1.53 101.35 1.56 14.58
M & I** 1,228.56 0.26 0.017 0.19 1.69 1.78 115.08 1.85 16.70
Schaft Creek (2) Inferred 597.19 0.22 0.02 0.17 1.65 0.72 50.73 0.84 7.90
Van Dyke (3) Inferred 261.68 0.25 0.00 0.00 0.00 1.44 0.00 0.00 0.00
Eaglehead (4) Inferred 102.50 0.29 0.01 0.08 0.00 0.33 11.52 0.13 0.00
Total Inferred 961.37 2.49 62.25 0.97 7.90
*Proven & Probable
**Measured & Indicated
Copper in billions of pounds, molybdenum in millions of pounds, gold and silver in millions of ounces.
Numbers rounded to reflect best practise principles.
(1) & (2) Technical Report "Feasibility Study on the Schaft Creek Project, BC, Canada", dated January 23, 2013, prepared by Tetra Tech, A. Farah, P. Eng.; et al as Qualified Persons; at 0.15% CuEq cutoff. Reserves reported at $6.60/tonne net smelter return (NSR) cutoff.
(3) "Technical Report and Resource Estimation for the Van Dyke Copper Project", dated January 30, 2015 prepared by Moose Mountain Technical Services, S. Bird, P.Eng and R. Lane, P. Geo as Qualified Persons; at 0.05% TCu cutoff.
(4) "Technical Report on the Eaglehead Cu-Mo-Au Project, British Columbia, Canada", dated June 29, 2012, prepared by Roscoe Postle Associates Inc., B. Donough, P.Geo and D. Rennie, P.Eng as Qualified Persons; at 0.16% CuEq cutoff.
Note: Above stated Proven and Probable reserves are included in the Measured and Indicated resources reported for the Schaft Creek Project. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Company's website can be accessed at www.copperfoxmetals.com.

On behalf of the Board of Directors,

Elmer B. Stewart, President and Chief Executive Officer

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is based on management's current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes statements about the geophysical exploration of the Sombrero Butte project, and the results and interpretation of the historical diamond drill holes from the Sombrero Butte project. Information concerning mineral resource and mineral reserve estimates also may be deemed to be forward-looking information in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include: the chargeability or resistivity signatures located by the IP survey may not represent copper mineralization associated with a buried porphyry copper mineralization; the uncertainties relating to interpretation of the copper mineralization reported in the historical drill core; uncertainties relating to the drill results and the geology, continuity and grade of the mineralization; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration; the uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and conditions in the financial markets and the overall economy may deteriorate.

A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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Copper Fox Metals Inc.

EN DÉVELOPPEMENT
CODE : CUU.V
ISIN : CA21749Q1046
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Copper Fox est une société développant des projet miniers de cuivre basée au Canada.

Copper Fox est en développement de projets de cuivre, d'argent, de molybdène et d'or au Canada.

Son principal projet en développement est SCHAFT CREEK au Canada.

Copper Fox est cotée au Canada. Sa capitalisation boursière aujourd'hui est 94,1 millions CA$ (68,3 millions US$, 64,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 21 avril 2011 à 2,63 CA$, et son plus bas niveau récent le 13 mars 2020 à 0,01 CA$.

Copper Fox possède 427 809 984 actions en circulation.

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Rapports annuels de Copper Fox Metals Inc.
2007 Annual report
2006 Annual report
Financements de Copper Fox Metals Inc.
01/07/2016Announces Closing of the Second placement
08/04/2013Announces Closing of a $2,653,000 Financing
22/02/2013announces a $2,500,000 Private Placement Unit Offering, insi...
22/01/2013ANNOUNCES the Closing of a $1,500,000 Financing by an Inside...
16/01/2013Announces a $1,500,000 Private Placement Unit Offering, Insi...
16/01/2013Announces a $1,500,000 Private Placement Unit Offering, Insi...
24/10/2012ANNOUNCES the Closing of a $2,500,000 Financing by an Inside...
14/09/2012Announces the Closing of a $4,025,000 Financing by an Inside...
23/07/2012ANNOUNCES a $4,025,000 Private Placement Unit Offering, Insi...
18/06/2012Announces A $4,480,000 Private Placement Unit Offering Insid...
30/01/2012Announces The Closing Of $2,200,000 Financing By An Insider
19/01/2012Announces a $2,200,000 Private Placement Unit Offering Insid...
14/12/2011Announces the Closing of $4,000,000 Financing by an Insider
07/12/2011Announces Increase of $2,000,000 to previously announced Pri...
05/10/2011Announces the Closing of $5,000,000 Financing by an Insider
13/09/2011Announces an Additional $2,000,000 Private Placement Unit Of...
08/09/2011announces a $3,000,000 Private Placement Unit Offering. Ins...
31/03/2011ANNOUNCES THE ACCELERATION TERM TO BE APPLIED TO THE EXPIRY ...
17/03/2011CLOSING OF A $3,750,000 NON BROKERED PRIVATE PLACEMENT FLOW-...
17/02/2011Announces a $3,750,000 Non Brokered Private Placement Flow-T...
22/10/2009closing of a $2,000,000 Private Placement Unit Offering
28/09/2009$2,000,000 Private Placement
23/06/2009Provides Update on its $6,000,000 Private Placement
19/06/2009 Updates on its $6,000,000 private placement
02/06/2009announces a $6,000,000 non-brokered Private Placement of whi...
16/12/2008Announces the Withdrawal of a Private Placement Financing
07/11/2008ANNOUNCES PRIVATE PLACEMENT FINANCING
07/11/2008Announces Private Placement Financing
15/05/2008closes Non Brokered Private Placement Financing of $12,398,2...
17/07/2007to raise $10,000,000 in flow-through and non-flow-through fu...
17/07/2007Intends to offer a brokered private placement
Attributions d'options de Copper Fox Metals Inc.
30/04/2012Announces Incentive Stock Option Grants
14/03/2011Grant of 1,700,000 shares at $ 1,69 par share
26/06/2008grant of incentive stock options to Employees, Officers, Con...
Nominations de Copper Fox Metals Inc.
03/05/2011ANNOUNCES RESIGNATION OF CFO, APPOINTMENT OF AN INTERIM CFO
16/07/2009Announces Executive Changes and the Appointment of a Directo...
17/09/2007Announces the appointment of Shane Uren as Vice President
Rapports Financiers de Copper Fox Metals Inc.
22/09/2016Announces 2016 Third Quarter Financial Results
31/03/2016Announces 2016 First Quarter Financial Results
29/09/2015Announces Third Quarter Results
28/09/2013Announces Third Quarter Results
24/06/2013Announces Second Quarter Results
27/09/2012Announces Third Quarter Results
18/06/2012Announces Second Quarter Results
25/04/2012Announces First Quarter Results
29/02/2012Reports 2011 Annual Financial Results and a Corporate Update
29/09/2011Reports 2011 Third Quarter Financial Results and a Corporate...
30/06/2011Advances Feasibility Study and Reports 2011 Second Quarter F...
31/03/2011Announces First Quarter 2011 Highlights and Financial Result...
16/02/2011Announces Fourth Quarter Highlights and 2010 Year-End Financ...
25/02/2010Announces 2009 Year-End Financial Results
06/03/20092008 Year-end Financial Results
04/06/2008Second Quarter Results Three and Six Months Ended April 30, ...
03/06/2008Second Quarter Results
31/03/2008First Quarter Financials
27/03/2008First Quarter Results Three Months Ended January 31, 2008
11/02/20082007 Year-End Financial Results
24/09/2007Announces third quarter results
28/03/2007announces its first quarter results for the three months en...
Projets de Copper Fox Metals Inc.
09/01/2014Outlines 2014 Diamond Drilling Plans for Van Dyke Copper Pro...
19/11/2013Sampling Locates Two Large Areas Of Porphyry Style Copper-M...
12/04/2013Acquires Van Dyke Copper Deposit in Arizona
25/03/2013(Schaft Creek)Enters Into Facilities Study Agreement with BC Hydro for Sch...
04/02/2013(Schaft Creek)Files Positive Feasibility Study on Schaft Creek Project
10/09/2012Completes Acquisition Of Sombrero Butte Copper Project And V...
09/07/2012To Acquire From Bell Copper The Van Dyke Copper Deposit And ...
31/05/2012(Schaft Creek)Schaft Creek Resource Estimate Update
24/05/2012(Schaft Creek)Provides Update on Schaft Creek Project
10/05/2012(Schaft Creek)Announces 2012 Exploration Program And Acquires Additional M...
27/03/2012(Schaft Creek)Completes Land Acquisitions Covering Positive Magnetic Linea...
19/03/2012(Schaft Creek)s Activities on the Schaft Creek-Copper-Gold-Molybdenum-Silv...
03/02/2012(Schaft Creek)Announces Drilling Intersect of 0.96% CuEq Over 110m and Rep...
12/12/2011Drilling Expands Paramount Zone with Intersection of 1.10% C...
13/10/2011(Schaft Creek)Secures Shipping Facilities for Concentrate at Port of Stewa...
23/09/2011(Schaft Creek)Extends Mineralized Zone to the East And Completes Strategic...
06/09/2011Welcomes the Awarding of the Construction Contract for the N...
26/07/2011(Schaft Creek)Drilling Intersects 1.18% Copper Equivalent Over 161M at Sch...
31/05/2011(Schaft Creek)Commences 2011 Drilling Program, Updates Other Activities ...
10/05/2011(Schaft Creek)Welcomes the Federal Government of Canada's Approval of the ...
06/05/2011(Schaft Creek)Provides Update on 2011 Plans for Schaft Creek, Diamond Dril...
05/05/2011(Schaft Creek)FOX PROVIDES UPDATE ON 2011 PLANS FOR SCHAFT CREEK, DIAMOND ...
24/03/2011(Schaft Creek)Announces Strategic Acquisitions to Enlarge Schaft Creek Pro...
28/02/2011(Schaft Creek)Copper Fox Metals Applauds the Announcement of the Province ...
23/02/2011(Schaft Creek)DDH CF405 Tests Chargeability Anomaly And Expands Zone Of De...
14/02/2011(Schaft Creek)News Release
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18/06/2010files an amended Preliminary Feasibility Study on SEDAR
01/04/2010s Status of Feasibility Study and Reports 2010 First Quarter...
21/01/2010(Schaft Creek)Awards Feasibility Study On Schaft Creek Project
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15/09/2008Positive Results of Preliminary Feasibility Study on Schaft ...
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20/03/2008(Schaft Creek)Announces Schaft Creek progress
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31/03/2016Copper Fox Announces 2016 First Quarter Financial Results
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08/09/2015Copper Fox Reports Large Chargeablity Signature on Sombrero ...
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23/01/2012Announces The Issuance Of 1,272,727 Shares For Outstanding ...
13/01/2012Announces Shares For Debt Agreement
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21/06/2011(Schaft Creek)High Resolution Magnetic Survey at Schaft Creek Confirms Sim...
13/04/2011Announces Completion of 3D Model and Award of High-Resolutio...
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17/09/2009Applauds Federal Government’s Support for British Columbia N...
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13/07/2009Special Shareholders Meeting Approves a New control Person -...
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30/06/2009Three and Six Months Ended April 30, 2009
26/06/2009June 25, 2009 news release
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02/09/2008LV Hard Assets Conference Personalized Html
17/07/2008from the Ministry of Energy, Mines and Petroleum Resources r...
26/06/2008June 26 2008 Options
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04/04/2008Applauds Advancement of Northwest Power Line Study
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12/10/2007Announces is has earned a 70% Direct Interest in the World C...
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TSX-V (CUU.V)
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Advance Notice - Full Year Results Conference Call
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Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
11,04 US$+1,42%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,54 GBX-2,53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,50 CA$+5,93%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
15,99 CA$+2,24%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+2,13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$+7,89%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,92 CA$+2,67%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
51,48 US$-0,37%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$-2,94%Trend Power :