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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Copper Fox Announces Sampling Expands Copper-Molybdenum-Go... Mineralization at Mineral Mountain

http://finance.yahoo.com/news/copper-fox-announces-sampling-expands-110000251.html

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 8, 2017) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) is pleased to report the final results of the 2016 rock sampling program on its 100% owned Mineral Mountain property, a Laramide age copper-molybdenum-gold project, located in central Arizona.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "The final results from the sampling program has expanded the interpreted dimensions of the mineralized area to 1,100m by 900m. The increase in average copper concentration from that stated in our last news release on Mineral Mountain is due to a significant number of the samples from the final results containing copper assays in excess of 1% and up to 6.6% copper. The next step will be to compile and interpret the results of the work completed on this project over the past two years."

Highlights:

  1. The distribution of the additional sample results have expanded the area of mineralization from 800m by 600m to 1,100m by 900m. The mineralized area remains open in two directions.
  2. The copper content in the 35 samples that assayed over 1% copper is due to the presence of chalcocite.
  3. The mineralized area is located within the previously reported historical chargeability anomaly. The shape of the mineralized area and that of the chargeability anomaly are similar.

Mineral Mountain Project:

The Mineral Mountain project is located in a northeast trending structural lineament that hosts the porphyry copper deposits at Casa Grande, Resolution and in the Miami-Globe district in Arizona.

2016 Sampling Results:

The copper-molybdenite-gold mineralization occurs in quartz veins, quartz veinlets, sheeted quartz veins, and in potassic altered Laramide age granodiorite that has been intruded by a series of northeast trending hornblende diorite dikes and north-south trending aplite dikes. The vein-controlled mineralization exhibits three prominent trends being 10W to 015 NE (gold rich), 045NE to 060NE, and 070NE to 080NE.

The mineralization is hosted in steeply dipping classical "A" veins with potassic +/- chlorite +/- hematite envelopes and exhibits a rhenium-tellurium-bismuth geochemical association, features typical of a porphyry copper system.

The main copper minerals are chalcocite and chrysocolla along with rare chalcopyrite and covellite. Gangue minerals observed are goethite after pyrite (forming boxwork texture) and jarosite. The range of analytical values for the samples located within the mineralized area are shown in the following table:

             
    Analytical Values
Element   Minimum   Maximum   Average
Copper (%)   0.021   6.6   1.21
Molybdenum (%)   0.0002   0.11   0.01
Gold (g/t)   0.005   3   0.16
Silver (g/t)   0.2   334   35

The average gold value for this zone is influenced by the sample that contained 2.640 g/t gold. Assigning a zero value to this sample, the average gold content of the zone is reduced by 28% to 0.112 g/t.

Analytical and Sampling Procedures:

Outcrop and trench and pit sampling (where applicable), as well as mapping lithologies, alterations, and vein assemblages, was completed. Rock chip samples (approximately one kilogram) were collected from outcropping material to characterize the metals present in veins and other mineralized structures. Outcrop exposures within the sampled area are estimated to 10-15%. The samples were transported and delivered in person to Skyline Laboratories in Tucson, Arizona.

Samples were crushed to plus 75% -10 mesh, split and pulverized to plus 95% -150 mesh. Pulps were subjected to a multi-acid digest (HNO3, HF, HClO4) followed by analysis by ICP/OES. Gold was analyzed on a 30-gram charge by fire assay with an atomic absorption finish. Fluorine was analyzed by an ion-selective electrode. The Skyline's package code TE-5 was used to analyze the samples for the base and other trace elements. Skyline has an ISO/IEC 17025/2005 accreditation.

Quality Control:

The first sample of each batch was a field blank. One certified standard pulp was inserted into the sample stream for each laboratory batch of twenty samples. A total of 5 field blanks and 12 certified reference standards were inserted with the sample batches for which analyses have been received. All standards were within +/-5% of accepted value for the standard.

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

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