Copper Fox Completes Ni 43-101 Technical Report FOR Eaglehead Project
COPPER FOX COMPLETES NI 43-101 TECHNICAL REPORT FOR
EAGLEHEAD PROJECT
Calgary, Alberta – July 21, 2017. Copper Fox Metals Inc. (“Copper Fox” or the “Company”)
(TSX-V: CUU – OTC: CPFXF) announces that pursuant to its news release dated May 30, 2017 it is
pleased to provide its shareholders with the results of a recently completed report entitled “Technical
Report on the Eaglehead Project”, Effective Date July 10, 2017 (the “ Report”) prepared in accordance
with National Instrument 43 -101, Standards of Di sclosure for Mineral Projects. The Report was
prepared by Moose Mountain Technical Services (“ MMTS”), with Mr. Robert Lane, MSc. P.Geo., as
Qualified Person . The Report has been filed on SEDAR and will be uploaded to the Company’s
website.
Copper Fox, through its wholly owned subsidiary Northern Fox Copper Inc., owns 65.4% of the issue d
shares of Carmax Mining Corp. (“Carmax”) (TSX-V: CXM). Carmax is the registered owner of the
Eaglehead copper/gold/molybdenum project (the “Project”) located in northwestern British Columbia.
Highlights:
The Project hosts a calc -alkalic porphyry copper -molybdenum-gold-silver system of
significance.
A multi -parameter exploration program estimated to cost $ 4.95 million is warranted to more
fully evaluate the potent ial of the Project to host an economic calc -alkalic porphyry Cu-Mo-Au-
Ag deposit.
The proposed recommended exploration program includes among other activities 11,000m of
drilling, preliminary metallurgical testwork and geophysical surveys.
The Project is at an early -to-intermediate stage of exploration with modern ground -based and
airborne geophys ical surveys, 126 diamond drill holes, and preliminary metallurgical test work
completed.
Six zones of copper -molybdenum-gold-silver mineralization occur within a prospective,
mineralized corridor (0.5-1.5km in width and in excess of 8km long) characterized by:
o a belt of moderate magnetic response with small, irregular -shaped moderate -to-high
magnetic features that coincides with the western margin of the Eaglehead pluton;
o a 10km long, semi-continuous copper soil geochemical anomaly;
o a 6km long, open-ended chargeability-high anomaly, within which five zones of copper -
molybdenum-gold-silver mineralization are located. This anomaly averages 900m wide
and is open below a depth of 500m;
o a Far East zone, located approximately 3,000m from the end of the chargeability
anomaly, exhibits several mineralized drill holes and a 1,000m by 1,000m copper and
molybdenum soil geochemical anomaly;
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o moderate-to-intense potassic (princip ally K -feldspar), pervasive phyllic (sericitic) and
late propylitic alteration of the mineralized intrusive host rocks;
o multiple phases of mineralization, consisting primarily of chalcopyrite and bornite with
minor molybdenite in quartz veins, quartz stockworks, and zones of fracturing and
brecciation; and
o drilling has intersected good grades of copper-molybdenum-gold-silver over narrow-to-
wide intervals (ranging from 1.5 to 521.2m) in 120 of 126 holes completed to-date.
Elmer B. Stewart, President and C EO of Copper Fox, stated, “We are pleased to have an independent
technical update completed on the Eaglehead project. The technical report concluded that a significant,
large porphyry copper-molybdenum-gold environment exists on the Eaglehead project and recommends
additional exploration consisting of geophysical surveys, diamond drilling and preliminary rock
characterization and metall urgical testwork be completed. The estimated cost (including contingencies
at 10%) of the proposed multi-year exploration program is $4.95 million.”
Mr. Robert A. Lane; MSc., P. Geo. of MMTS is the Qualified Person who prepared the technical report
disclosed in this news release and has approved the scientific and technical content of this news release.
Elmer B. Stewart, MS c. 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 inf ormation
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.
For additional information contact: Investor line 1-844-484-2820 or Lynn Ball, at 1-403-264-2820.
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
Neither TSX Venture Exchange n or 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 contain s forward -looking information within the meaning of the Canadian securities laws and 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 (collectively, “forwa rd-looking information”). Forward -looking information in this news release
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include statements about: the Project hosting a calc -alkalic porphyry copper-molybdenum-gold-silver system of significance;
a multi-parameter exploration program estimated to cost $4.95 million to more fully evaluate the potential of the Project to
host an economic calc -alkalic porphyry Cu -Mo-Au-Ag deposit; the proposed exploration activities of the Project; the
existence, size, and characterization of six zones of copper -molybdenum-gold-silver mineralization located within a
prospective 0.5-1.5km wide and in excess of 8km long mineralized corridor, including a belt of moderate magnetic response
with small, irregular -shaped moderate -to-high magnetic features, a semi -continuous copper soil geochemical anomaly, an
open-ended chargeability -high anomaly, a Far East zone exhibiting several mineralized drillholes and a copper and
molybdenum soil geochemical anomaly, moderate -to-intense potassic (principally K -feldspar), pervasive phyllic (s ericitic)
and late propylitic alteration of the mineralized intrusive host rocks, the multiple phases of chalcopyrite and bornite
mineralization with minor molybdenite in quartz veins, quartz stockworks, and zones of fracturing and brecciation, and the
narrow-to-wide intervals of mineralization in 120 of 126 holes. Information concerning exploration potential also may be
deemed to be forward -looking information in that it reflects a prediction of the mineralization that would be encountered by
further successful exploration.
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: 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. 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 Project may not host a calc -alkalic porphyry copper -molybdenum-gold-silver system of
significance, or at all; a multi -parameter exploration program may not be conducted on a timely basis, or at all, or may cost
more than estimated; the zones of copper -molybdenum-gold-silver mineralization may not be of the size or characterization
estimated; additional exploration may not locate similar grades of mineralization or at all; the actual mineralization in the
Project may not be as favorable as suggested by the drill data; the mineralization may not be as extensive as suggested by th e
geophysical and drill hole data; uncertainties relating to interpretation of drill results and the geology, continuity and grade of
mineral deposits; the need to obtain additional financing to develop properties and uncertainty as to the availability and te rms
of future financing; the possibility of delay in explo ration or development programs or in construction projects and
uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other
governmental approvals.
A more complete discussion of the risks and uncert ainties 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 Co pper 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.