Copper Fox Announces Phase Ii Analytical Program ON Van Dyke Copper Deposit
COPPER FOX ANNOUNCES PHASE II ANALYTICAL PROGRAM ON
VAN DYKE COPPER DEPOSIT
Calgary, Alberta– May 28, 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 that it has extended the analytical and sampling program on its 100% owned Van Dyke oxide copper
deposit located in the Globe-Miami mining district, Arizona (see news release January 23, 2019).
The initial program demonstrated on average a 29% increase in acid soluble copper concentration and thicker
mineralized intervals (17 of the 25 drill holes) than indicated in the original project database. Significant intervals
of soluble copper were also identified in several drill holes that were previously indicated to be non -mineralized.
The current program is expected to determine the full extent of the soluble copper envelope for the Van Dyke
deposit and increase certainty and confidence in the analytical database. An outline of the program is highlighted
below.
Highlights:
Additional sampling in 17 of the 25 drill holes analyzed/sampled earlier this year.
Sampling of an additional 8 drill holes not included in the earlier work program.
Focus on delineating the boundaries between the oxide, supergene and hypogene zones of copper
mineralization.
Re-logging of specific drill holes for additional lithologic and structural information for updating the
geological model.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “On completion of the current program, 41 drill holes
in the Van Dyke deposit will have been analyzed for total and soluble copper content. The initial analytical results
are encouraging and indicate the soluble copper envelope is larger than indicat ed in the original project data base.
To advance the project, greater certainty and confidence in the geological controls on the mineralization and the
full extent of the mineralized envelope are required. Recent technological advances in the solutioning of chalcocite
raises the potential of recovering significant concentrations of copper from the supergene zone that was previously
not considered.”
Geological Model:
The Van Dyke copper deposit consists of an upper oxide (malachite, azurite, cuprite, chrysocolla; all acid soluble),
an intermediate supergene (chalcocite; cyanide soluble), and a lower hypogene (chalcopyrite + molybdenite) zone
of copper mineralization. The copper mineralogy and mineral zonation combined with significant molybdenum
concentrations in all three zones of copper mine ralization suggests that the Van Dyke deposit represents the
weathered portion of a porphyry copper deposit.
Analytical Procedures:
The s ample preparation and analytical work will be completed by Skyline Assayers & Laboratories located in
Tucson, Arizona using Skyline’s package codes CuT and CuSeq. CuSeq analysis uses a 0.25-gram sample digested
(at room temperature) in 5% sulfuric acid and then diluted to 100 mL with deionized water. The residue from the
sample is digested in 10% sodium cyanide so lution and diluted to 100 mL. Atomic Absorption Spectrometry
(“AAS”) is used to determine copper concentrations. Skyline has an ISO/IEC 17025/2005 accreditation.
Quality Control:
The analytical program will use industry certified blanks and reference standards as part of the QA/QC program.
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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 Columb ia 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.
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
For additional information contact Lynn Ball: (844) 464-2820 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 thicker mineralized intervals than the initial analytical
results; the ability of the current program to determine the full extent of the soluble copper envelope for the Van
Dyke deposit and increase certainty and confidence in the analytical database ; the scope and possibility of
completing an updated resource estimate; the potential of recovering significant concentrations of copper from the
supergene zone that was previously not considered; updating the geological model for the Van Dyke project ; the
Van Dyke deposit representing the weathered portion of a porphyry copper deposit; and completion of the sample
preparation and analytical work by Skyline Assayers & Laboratories.
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 con sistent with industry standards ;
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: additional sampling may not locate significant concentrations of soluble copper ; the possibility that an
updated geological model may not be completed within a reasonable time frame or at all; the possibility that an
updated resource estimate 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 may not be
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as estimated or expected ; the financial markets and the overall economy may deteriorate; the need to obtain
additional financing; and 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.