Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) (“Copper Fox” or the “Company”) is pleased to provide the analytical results for the six (6) geotechnical drillholes completed at the Schaft Creek project in 2024. The Schaft Creek project is managed through the Schaft Creek Joint Venture (SCJV). Teck Resources Limited (Teck) is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest. The Schaft Creek deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver by-products.
In 2024, the SCJV approved a C$18.9 million budget to advance key project activities including the collection of geotechnical, metallurgical, engineering, and environmental data and community engagement. The geotechnical drillholes were designed to collect additional geomechanical, downhole geophysical, structural, and hydrogeological data to be used to generate updated deposit scale hydrogeological and slope stability models. Three of the six geotechnical drillholes intersected significant intervals of mineralization.
Highlights and analytical results for the geotechnical drilling program are summarized below.
- – Four of the six geotechnical drillholes were completed along the east side of the Paramount zone referred to as the ‘highwall” and two drillholes were completed on the west side of the Paramount zone.
- – The mineralization intersected in DDH SCK-24-472 extended the mineralization in the Paramount zone approximately 250 meters (m) to the north.
- – Analytical highlights include:
- DDH SCK-24-471, intersected a core interval of 134.60m (21.60 to 156.20m) that averaged 0.338% copper, 0.037% molybdenum, 0.058 g/t gold and 0.78 g/t silver that included a 63.80m core interval (59.20 to 123.00m) that averaged 0.437% copper, 0.066% molybdenum, 0.050 g/t gold and 1.11 g/t silver.
- DDH SCK-24-472, intersected a core interval of 208.64m (406.10 to 614.74m) that averaged 0.253% copper, 0.014% molybdenum, 0.115 g/t gold and 0.88 g/t silver.
- DDH SCK-24-476, intersected a core interval of 202.60m (189.70 to 392.30m) that averaged 0.324% copper, 0.023% molybdenum, 0.044 g/t gold and 1.68 g/t silver that included a 14.40m core interval (196.80 to 211.20m) that averaged 0.634% copper, 0.104% molybdenum, 0.092 g/t gold and 3.48 g/t silver.
- – The other three geotechnical drillholes were not expected to intersect mineralization due to their locations and returned background metal concentrations.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “While the primary purpose of the geotechnical drilling program was to augment the geotechnical information for the Schaft Creek deposit, the 2024 drilling expanded the mineralized envelope of the Schaft Creek deposit to the northwest and intersected significant intervals of “near surface” higher-grade copper-molybdenum mineralization that provides additional information on the distribution/continuity of the mineralization within the Paramount zone.”
Analytical Results
The mineralized intervals reported in this news release were calculated using a 0.10% copper equivalent (CuEq) cut-off grade. Samples lower than the 0.10% CuEq cut-off were included in the weighted average interval provided that the sample interval below the cut-off did not exceed 10.0m in core length. Intervals of core lost with zero metal concentrations are included in the interval and weighted average metal grades and CuEq estimation. The weighted average grades of the mineralized intervals are set out in Table-1:
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