Copper Fox Announces Corporate Update ON Activities
COPPER FOX ANNOUNCES CORPORATE UPDATE ON ACTIVITIES
Calgary, Alberta– August 20, 2019. Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V: CUU
– OTC-Pink: CPFXF) is pleased to provide shareholders and update of activities on its 100% owned Van Dyke
and Sombrero Butte copper projects.
Highlights:
The two drill holes disclosed in this news release were not included in the maiden resource estimate
completed in 2014.
At Van Dyke DDH OXY-41 returned an average of 0.208% acid soluble copper (“ASCu”) over a
100.58m core interval; the mineralized interval is open at depth.
At Van Dyke DDH OXY-42 returned an average of 0.306 % ASCu over a 70.10m core interval; the
mineralized interval is open at depth.
Analytical results for four additional drill holes are pending. These results are expected within the next
few weeks.
The Geologic Field Operations Plan (“GFOP”) to complete the mapping and sampling program at
Sombrero Butte has been approved by the Arizona State Land Department. The program is scheduled to
commence in mid-September and be completed within a month.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “ The analytical data from the drill holes extends the
mineralized envelope for the Van Dyke deposit at least 100m to the north into an area of the project for which no
detailed historical analytical data is available. The drill holes for which results are pending, if mineralized, should
provide greater sample density and information in that area of the deposit west of the Van Dyke shaft. Approval of
the GFOP allows commencement of the surface mapping and sampling program on the Sombrero Butte project.”
Van Dyke:
The weighted average acid soluble copper concentrations using a 0.05% ASCu cutoff for the drill holes in this news
release are shown below. The historical analytical results for these drill holes are not available and therefore no
comparison to historical results is possible.
DDH ID Azi Dip From (m) To (m) Interv al (m) TCu (% ) ASCu (% )
OXY-41 0 -90 274.93 375.51 100.58 0.328 0.208
OXY-42 0 -90 266.09 336.19 70.10 0.400 0.306
TCu= total copper, (%) = percent, (m) = meters, ASCu = acid soluble copper, the above mineralized intervals may not represent true widths.
These two drill holes are located at the north end of the Van Dyke copper deposit; approximately 100m north of
DDH VD14-01. The geological and structural data from these drill holes has been incorporated into the geological
model and mineralized shapes for the updated resource estimate (see News Release dated July 17, 2019) . The
analytical data for four additional drill holes located between DDH VD14-01 and the Van Dyke shaft are expected
over the next few weeks.
Sombrero Butte Program:
The mapping and sampling program are scheduled to commence in mid -September. The program will
focus on the surface expression of the large chargeability/resistivity anomaly located in the south-central
portion of the property looking for vein types, alteration and distribution of copper -molybdenite
mineralization. Recent modelling of this chargeability/resistivity target indicated a dip to the west and a
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plunge to the northeast toward an area of hornfels; a contact metamorphic effect that occurs in country
rock surrounding an intrusive body.
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. 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 13 blanks and certified reference standards were inserted (insertion rate 1:10) with the samples for which
analyses are being reported. The Skyline results for 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% owne rship 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.
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
For additional information contact:
Copper Fox Metals Inc.
Lynn Ball: [email protected]
(844) 464-2820 or (403) 264-2820
www.copperfoxmetals.com
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 laws (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: extension of the
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mineralization to the north; acid soluble copper concentrations; the mineralization is open at depth; the possibility
of completing an updated resource estimate; updating the geological model and mineral shapes for the Van Dyke
project and copper analysis on additional historical sample pulps and drill core intervals to be received.
In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries
have made numerous assumptions regarding, amon g other things: the geological advice that Copper Fox has
received is reliable and is based upon practices and methodologies which are consistent with industry standards and
the re liability 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 forwa rd-looking information contained herein. Known risk factors include, among
others: the additional sampling may not located significant concentrations of soluble copper; the possibility that an
updated resource estimate on the Van Dyke project may not be completed within a reasonable time frame or at all;
the possibility that the update geological model may not be completed within 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.