Copper 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 announce that drilling operations have commenced on its 100% owned Mineral Mountain porphyry copper project in Arizona. The Mineral Mountain project is located on a prolific northeast trending porphyry copper belt approximately 25 kilometers (km) southwest from Rio Tinto and BHP’s giant Resolution porphyry copper-molybdenum deposit and approximately 20km northeast of the Florence porphyry copper deposit (Figure-1).
The diamond drilling program is designed to drill test at depth the large area of copper-molybdenum mineralization and alteration exposed at surface and the equally large, open ended positive chargeability body at depth. A brief description of the porphyry copper target to be tested is set out below.
Porphyry Copper Target
- Copper and molybdenum mineralization occurs over an area of approximately 4,500 meters (m) long up to 2,000m wide and is underlain by an open-ended, northeast trending positive chargeability anomaly (>14mrad) measuring approximately 3,200m by 1,200m.
- The copper mineralization is hosted in Laramide age, potassic, propylitic and phyllic altered porphyritic and non-porphyritic quartz monzonites and biotite granodiorites, typical host rocks for porphyry copper deposits in Arizona.
- Copper mineralization contains enhanced gold concentrations, several Laramide age porphyry copper deposits in Arizona contain enhanced gold concentrations.
- The copper mineralization contains a significant amount of chalcocite, a copper sulfide mineral that results from weathering/oxidization/supergene cycles and is typically observed in Laramide age porphyry copper deposits in Arizona.
Elmer B. Stewart, President, and CEO of Copper Fox, stated, “Copper Fox is excited to test this large, high-quality porphyry copper target that exhibits the mineralization, alteration, host rocks, and geophysical signatures typically observed at other porphyry copper deposit in Arizona. The size of the porphyry footprint and its location on a northeast trending porphyry copper belt that hosts some of the largest porphyry copper deposit in Arizona is an indication of the porphyry potential of the Mineral Mountain project.”
Rationale for Drill Plan
The objective of the 2025 drilling program is to drill test the depth extent of the porphyry style copper-molybdenum mineralization and alteration exposed on surface and determine the cause of the underlying, equally large open-ended chargeability anomaly. Figure-2 shows the distribution of the copper-molybdenum mineralization, the underlying open-ended positive chargeability anomaly, and the locations of drillholes approved in the Plan of Operation filed with the Bureau of Land Management for the project.
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