Announcement Date: 2022-03-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Copper Fox Metals Inc.
Project name: Schaft Creek
Location: Canada
Commodities: Gold,Silver,Copper,Molybdenum
Highlight: Drilling results incl. 216.5m @ 0.295% Cu, 0.367g/t Au, 0.004% Mo, 1.97g/t Ag from 7.6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Calgary, Alberta– March 7, 2022. Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V: CUU – OTCQX: CPFXF) is pleased to provide the analytical results from the 2021 metallurgical drilling program for the Schaft Creek project. The Schaft Creek project is managed through the Schaft Creek Joint Venture (“SCJV”) formed in 2013 between Teck Resources Limited (“Teck”) (75%) and Copper Fox (25%) with Teck being the operator. The Schaft Creek deposit is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver by-products. The 2021 drill program expanded the metallurgical sampling coverage in the deposit to better inform metal recoveries and comminution characteristics within the early part of the mine life. Four drill holes were completed in the Liard Zone targeting representative geometallurgical domains within the first five-year mine plan as contemplated in the Schaft Creek Preliminary Economic Assessment (see news release dated September 20, 2021). Highlights of the drilling program are set out below. Mineralized intervals for the 2021 drilling were calculated using a 0.10 % copper cutoff grade. Samples lower than the cut-off grade were included in the weighted average provided that the sample interval below the cut-off did not exceed 10.0 m in core length.
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