Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) (“Copper Fox” or the “Company”) and its wholly owned subsidiary, Desert Fox Mineral Mountain Co. (“Desert Fox”), are pleased to provide an update on the permitting process to complete a ‘maiden’ drilling program (see News release dated October 31, 2024) on its 100% owned Mineral Mountain porphyry copper property (2,692.4 ha) located within the Mineral Mountain Mining District, Arizona. The Mineral Mountain Mining District is located within a northeast trending porphyry copper belt approximately 25 kilometers (km) southwest from Rio Tinto and BHP’s giant Resolution porphyry copper-molybdenum deposit and approximately 20 km northeast of Taseko’s Florence porphyry copper deposit.
Highlights
- Our Mining Plan of Operation (MPO) was completed and accepted by the BLM Field Manager on March 11, 2024, subject to an environmental assessment including public involvement
- SWCA completed the environmental assessment and a ‘Finding of No Significant Impact’ was determined by the BLM
- The 30-day public review period concluded on May 7, 2025, and the BLM advises there were no substantive public comments made during this public review period
- On May 15, 2025, our proposed Plan of Operations (POO) was approved by the BLM Field Manager
- Operations under the plan may commence only after a suitable reclamation bond has been accepted by the BLM
Elmer B. Stewart, President, and CEO of Copper Fox, stated, “We are pleased to have received the BLM Field Manager’s decision to select the Plan of Operation to conduct the maiden drilling program at Mineral Mountain and are now working with bonding agencies in Arizona to arrange the bond established by the BLM. More importantly, based on the Environmental Review, the BLM concluded that completion of the drilling program is not expected to impact the local environment as set out in the ‘Finding of No Significant Impact’ decision by the BLM.”
Mineral Mountain Project
The Mineral Mountain project covers a 3.0 km by 1.0 km zone of gold enriched; porphyry copper style mineralization associated with a 3.2 km by 1.2 km open-ended buried chargeability anomaly hosted in porphyritic granodiorite and quartz monzonite phases of the Laramide age Mineral Mountain intrusive (69.7 +/- 0.4 Ma; U/Pb zircon). The porphyry copper target exhibits a central core of potassic alteration (Kspar-biotite-magnetite) contained within a broader zone of Sericitic-Chlorite alteration. Propylitic (epidote + chlorite + calcite) alteration has been observed within the potassic and sericitic alteration zones but is primarily located on the margin of the Sericite-Chlorite alteration.”
Elmer B. Stewart, MSc. P.Geo., President, and CEO 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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