Copper Fox Commences Hydrogeology Data Collection at Van Dyke Copper Project
COPPER FOX COMMENCES HYDROGEOLOGY DATA COLLECTION
AT VAN DYKE COPPER PROJECT
Calgary, Alberta, March 27, 2024 – Copper Fox Metals Inc. (‘Copper Fox’ or the ‘Company’) (TSXV:CUU
| OTCQX:CPFXF | FSE:HPU, through its wholly owned subsidiary Desert Fox Copper Inc., is pleased to
provide an update on its 100% owned Van Dyke in-situ copper recovery (‘ISCR’) project located in the Globe-
Miami Mining District, Gila County, Arizona.
The drillhole rehabilitation program focused on assessing the potential of rehabilitating historical drillholes for use
as hydrogeological monitoring and water sampling stations. Of the drillholes selected for completion, due to
downhole difficulties encountered, only one of three drillholes were successfully completed.
The current geotechnical work is focused on collecting additional data on the Gila Conglomerate to support an
updated mine plan to access the Van Dyke deposit. Highlights of activities completed are:
Highlights
• Installation of the vibrating wire piezometers (‘VWP’s’) and data recorder in drillhole M-3 has been completed
and daily recording of hydrogeological data from this monitoring station commenced in mid-March. Four
stations are now recording hydrogeological data.
• Analysis of the formational waters from the Gila Conglomerate collected during the drillhole rehabilitation
program returned concentrations of metals, anions, and cations well below acceptable limits established by the
Environmental Protection Agency (‘EPA’).
• Laboratory strength testing of samples of the Gila Conglomerate is nearing completion with preliminary results
expected mid-April.
• Chemical analyses of the pregnant leach solution (‘PLS’) from the mineralogical and solubility testwork
completed in late 2023 and early 2024 is planned.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “Initiation of the collection of hydrogeological
and water quality data is a significant step in advancing the Van Dyke project. The new hydrogeological data
will augment the historical hydrogeological database and will be used to prepare an updated hydrogeological
model for the Van Dyke project; a critical step in advancing the project to the permitting stage.”
Drillhole Rehabilitation
A significant component of advancing an ISCR project in Arizona to the permitting stage is the preparation of a
robust hydrogeological model for review by the United States Environmental Protection Agency (‘USEPA’) and
Arizona state regulatory authorities. With the completion of drillhole M-3, four hydrogeological monitoring stations
are recording data daily.
Geotechnical Program
Development of the Van Dyke oxide copper deposit contemplates driving a decline in the Gila Conglomerate to a
level approximately fifty meters above the Gila/Leach Cap contact. The geotechnical study is being completed to
obtain a better understanding of the geotechnical properties of the Gila Conglomerate that could impact the proposed
decline. The drill core logging and sample selection portion of the geotechnical program has been completed and
laboratory testing of the samples collected is nearing completion. The data from this study will be used to determine
if changes to the mine plan contemplated in the 2020 Preliminary Economic Assessment (‘PEA’) are required. The
geotechnical program also includes a data gap evaluation for the available geotechnical data. A hydrogeological
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data review from the Van Dyke project is also planned to determine if additional data would be needed to support
a prefeasibility level study.
Water Quality
During the drillhole rehabilitation program, samples of the formational water of the Gila Conglomerate from five
drillholes were collected and analyzed for alkalinity, anions, cations, and metal concentrations. The alkalinity,
anions, cations, and metal in all water samples returned concentrations well below the thresholds established by the
USEPA. Ongoing sampling of the water in the Gila Conglomerate will continue to establish a baseline for the
project.
Hydrogeological Data Collection
The hydrogeological data from the four monitoring stations is collected daily and uploaded via satellite to a
dedicated database.
PLS Analyses
The 2020 P EA recommended completion of a five -well pilot test (one injection and four recovery wells) to
determine connectivity between the wells, the ability to contain the leaching fluids as well as several other pertinent
parameters associated with the in-situ leaching process. The recommended five-well pilot test requires the injection
and recirculation of leaching fluid and on completion of the test, “rinsing” of the leached area is required to meet
the requirements established by the USEPA and Arizona Department of Environmental Quality ( ‘ADEQ’).
Treatment of these solutions is required prior to disposal to meet USEPA and ADEQ standards.
Modelling of the treatment facility to treat the leach solution and rinse water prior to disposal is possible by using
the chemistry of the PLS from the solubility testwork and the source water used to make up the leaching solution.
This data would provide critical information as to the scope, capacity, and costs of a treatment plant.
Qualified Person
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 focused on copper exploration and development in Canada and
the United States . The principal assets of Copper Fox and its wholly owned subsidiaries, being Northern Fox
Copper Inc. and Desert Fox Copper Inc., are the 100% ownership of the Van Dyke oxide copper project located in
Miami, AZ, the 100% interest in the Mineral Mountain and Sombrero Butte porphyry copper exploration projects
located in Arizona, the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft
Creek copper -gold-molybdenum-silver project and the 100% owned Eaglehead polymetallic porphyry copper
project each located in northwestern British Columbia. For more information on Copper Fox’s 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 please contact:
Fidel Montegu
1-844-464-2820 or 1-604-358-4005
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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 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 include statements about: updating the
hydrogeological model for the Van Dyke project; driving a decline in the Gila Conglomerate; the water quality
being below the thresholds of the regulators; hydrogeological data being collected via satellite; and modeling of the
treatment facility.
In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries
have made numerous assumptions regarding, among other things: completing the planned hydrogeologic program
on time and within budget; the availability of service providers; the geological, metallurgical, engineering, financial
and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which
are consistent with industry standards; and the stabili ty of economic and market conditions . 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 updated hydrogeological model may not get completed as planned or at all; the geotechnical study may
not return the desired results or be completed as planned or at all; the water quality may change; the hydrogeological
data might not get collected; modeling of the treatment facility may not provide the results anticipated; uncertainties
relating to interpretation of the previous results; the overall economy may deteriorate; uncertainty as to the
availability and terms of future financing; fluctuations in commodity prices and demand; currency exchange rates;
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.sedarplus.ca. 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.