Copper Fox Announces Additional Drill Holes with Increased Soluble Copper Concentrations from Van Dyke Copper Deposit
COPPER FOX ANNOUNCES ADDITIONAL DRILL HOLES WITH INCREASED SOLUBLE
COPPER CONCENTRATIONS FROM VAN DYKE COPPER DEPOSIT
Calgary, Alberta– April 11, 2019. Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V: CUU
– OTC-Pink: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. (“ Desert Fox”) are pleased to
announce additional analytical results from the Van Dyke oxide copper deposit (see news release January 23, 2019).
Van Dyke is an In-Situ Leach (“ISL”) project where the commodity of interest is acid soluble copper (“ASCu”).
Highlights:
DDH-OXY-10 returned an average of 0.748% ASCu over a 40.84m core interval including a 12.50m
interval grading 2.253%ASCu.
The four drill holes yielded increased weighted average ASCu concentrations of 16% compared to the
original database.
The four drill holes yielded an average 20% increase in the thickness of the mineralized intervals
compared to the original database.
The percentage ASCu/TCu is 30.7% higher in 2019 versus the original analytical results.
The mineralized intervals in the four drill holes reported are open and additional sampling is required.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “The results for 19 of the 23 drill holes that were re-
analyzed yielded significant increases in the soluble copper concentratio ns over thicker mineralized intervals
suggesting that the soluble copper content is higher and the dimensions of the deposit are larger than that used in
the maiden resource estimate for the Van Dyke deposit completed in 2014. On receipt of the analytical results for
the last four drill holes, the additional sampling required to close the mineralized intervals is planned.”
The weighted average acid soluble copper concentrations for the drill holes reported in this news release are:
DDH From To Interval 2019 Original 2019 Original Acid Soluble
ID Azi Dip (m) (m) (m) TCu (%) TCu (%) ASCu (%) ASCu (%) 2019/Original (%)
OXY-10 0 -90 338.33 379.17 40.84 0.749 0.706 0.748 0.641 117%
including 353.26 365.76 12.50 1.939 1.990 1.862 1.775 105%
including 353.26 353.87 0.61 28.935 30.305 27.989 30.355 92%
405.38 436.17 30.79 0.187 0.188 0.133 0.092 145%
455.68 501.4 45.72 0.371 0.410 0.178 0.094 189%
OXY-13 0 -90 349.00 357.23 8.23 0.316 0.412 0.244 0.176 139%
395.63 437.69 42.06 0.332 0.359 0.215 0.148 145%
OXY-29 0 -90 271.27 361.41 90.14 0.637 0.662 0.491 0.544 90%
including 279.5 305.1 25.60 1.043 1.080 0.839 0.897 94%
including 313.03 319.13 6.10 1.390 1.480 1.261 1.379 91%
VD-7 0 -90 384.66 470.92 86.26 0.275 0.303 0.229 0.209 110%
including 389.53 395.94 6.41 1.015 1.045 0.998 0.983 102%
TCu= total copper, (%) = percent, (m) = meters, ASCu = acid soluble copper, the above mineralized intervals do not represent true widths.
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The original Total Copper (TCu) concentrations reported in the project data base show a good correlation with the
2019 results.
The following table shows the comparison of the ASCu concentrations and thickness of the mineralized intervals
for the four holes reported in this news release.
2019 Results Original Results
DDH From To Interval 2019 From To Interval Original Acid Soluble Thickness
ID (m) (m) (m) ASCu (%) (m) (m) (m) ASCu (%) 2019/Orig (%) 2019/Orig(m)
OXY-10 338.33 379.17 40.84 0.748 339.85 379.17 39.32 0.641 117% 1.52
405.38 436.17 30.79 0.133 426.72 460.55 33.83 0.092 145% -3.04
455.68 501.40 45.72 0.178 473.96 489.51 15.55 0.094 189% 30.17
OXY-13 349.00 357.23 8.23 0.244 0.00 0.00 0.00 0.176 139% 8.23
395.63 437.69 42.06 0.215 395.63 434.34 38.71 0.148 145% 3.35
OXY-29 271.27 361.42 90.15 0.491 268.22 366.67 98.45 0.544 90% -8.30
VD-7 384.66 470.92 86.26 0.229 388.01 449.28 61.27 0.209 110% 24.99
TCu= total copper, (%) = percent, (m) = meters, ASCu = acid soluble copper, the above mineralized intervals do not represent true widths.
The weighted average grades for the mineralized intervals were estimated using a 0.05% copper cutoff; in line with
the cutoff grade used in the maiden resource estimate for the Van Dyke project completed in 2014. A maximum
interval of 3 meters below cut-off within the mineralized interval was tolerated w hen estimating the weighted
average.
Analytical Procedures:
Sample preparation and analytical work was completed by Skyline Assayers & Laboratories located in Tucson,
Arizona. Skyline’s package codes CuT, CuSeq and CuCn were used to determine total copper, sequential copper
and cyanide soluble copper. The sequential copper analysis uses a 0.25 gram sample digested (at room temperature)
in 5% sulfuric acid and the solution is then diluted to 100 mL with deionized water. The residue from the sample is
digested in 10% sodium cyanide solution and diluted to 100 mL. Atomic Absorption Spectrometry (“AAS”) was
used to determine copper concentrations. Skyline has an ISO/IEC 17025/2005 accreditation.
Quality Control:
A total of 4 blanks and 7 certified reference standards were inserted (insertion rate 1:14) with the sample for which
analyses are being reported. QA/QC shows that the blank and standards were within +/ -5% of accepted value for
the blank and standards.
Elmer B. Stewart, MSc. P. Geol., 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.
About Copper Fox:
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX -V: CUU) focused
on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and
its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper
Inc., are the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek
copper-gold-molybdenum-silver project located in northwestern British Columbia and a 100% ownership of the
Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox’s other mineral
properties and investments visit the Company’s website at http://www.copperfoxmetals.com.
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On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
For additional information contact:
Lynn Ball: [email protected]
(844) 484-2820 or (403) 264-2820
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, and forward -looking information within the meaning of the Canadian securities law s (collectively,
“forward-looking information”). Forward -looking information is generally identifiable by use of the words “believes,” “may,” “plans,”
“will,” “anticipates,” “intends,” “budgets”, “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative
of such expressions. Forward-looking information in this news release includes statements regarding : higher acid soluble copper
concentrations than the initial analytical results; the correlation between the Total Copper concentration in the original analytical results and
the 2019 work; the requirement to complete copper analysis on additional historical sample pulps and drill core intervals.
In connection with the forward -looking information contained in this new s release, Copper Fox and its subsidiaries have made numerous
assumptions regarding, among other things: the geological advice that Copper Fox has received is reliable and is based upon practices and
methodologies which are con sistent with industry standar ds and the reliability of historical reports . While Copper Fox considers these
assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Copper Fox’s actual results, performance or achievements to be
materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained
herein. Known risk factors include, among others: the analysis of remaining additional historical sample pulps and drill core samples may
not yield the copper concentration as expected or at all; additional sampling may not located significant concentrations; the possibility that
an updated resource estimate on the Van Dyke project may not be completed with a reasonable time frame or at all; uncertainties relating to
interpretation of the analytical results; the geology, continuity and concentration of the mineralization; the financial markets and the overall
economy may deteriorate; the need to obtain additional financing ; uncertainty as to timely availability of permits and other governmental
approvals.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with
Canadian securities regulatory authorities at www.sedar.com. All forward -looking information herein is qualified in its entirety by this
cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward -looking information or to publicly
announce the result of any revisions to any of the forward -looking information contained herein to reflect future results , events or
developments, except as required by law.