DDH 422 found mineralization last year and it sounds like Elmer has the assay results.

Mr. Stewart, President of Copper Fox stated that, "I am very pleased with the results of the first two holes completed in the Discovery Zone. The mineralization in the drill core combined with the results of the ASTER study and field mapping support the existence of additional zones of copper-molybdenite mineralization to the north along the previously identified Schaft Creek mineral trend. The area should be looked as a district which could host a number of deposits and not a single deposit".

Diamond drill hole (DDH) 2012CF426 an inclined (-60 degrees, azimuth 090) HQ diameter hole located approximately 300m east of DDH 2011CF422 was completed to test the chargeability anomaly referred to as the Discovery zone

Should Teck elect to exercise its option for 75%, Teck is required to fund subsequent property expenditures up to a total of 400% of those incurred by Copper Fox ($80.8 million to June 30, 2012) and arrange for project financing, including the Copper Fox portion. For full details of the Teck earn back option please refer to the Company's website www.copperfoxmetals.com.

http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=540114&_Type=News-Releases&_Title=Copper-Fox-Drilling-Extends-Mineralization-In-Discovery-Zone-And-Acquired-A...