Copper Fox Identifies Large Chargeability Anomaly and Completes Land Exchange ON Eaglehead Project
COPPER FOX IDENTIFIES LARGE CHARGEABILITY ANOMALY AND
COMPLETES LAND EXCHANGE ON EAGLEHEAD PROJECT
Calgary, Alberta – February 1, 2022. Copper Fox Metals Inc. (“Copper Fox” or the “Company”) ( TSX-V:
CUU – OTCQX: CPFXF) through its wholly owned subsidiary Northern Fox Copper Inc. is pleased to provide
the results of the ORION Swath DCIP survey (“ORION Survey ”) and the details of a mineral tenure
exchange on its 100% owned Eaglehead polymetallic porphyry copper project located approximately 50
kilometers (‘km’) east of Dease Lake, British Columbia. The Eaglehead project covers a large portion (15,712.9
ha) of the late Jurassic age, Eaglehead stock located at the southern margin of the Quesnel terrane.
The ORION survey extended the area covered by the 2014 geophysical survey approximately 3km north of the
Camp-Pass zones to map the chargeability /resistivity signatures underlying a large area of copper
mineralization in outcrop/subcrop and coincident soil Cu-Mo in soil geochemical anomaly .
Highlights
• A 2,500 meter (‘m’) long by 1,200m wide , northerly dipping positive chargeability (>10mrads) has been
located on the northern flank of one of the intrusive centers identified by the Magnetic Vector Inversion
study. The chargeability anomaly is open to the east and to the west.
• The chargeability anomaly underlies a coincident 3,000m by 2,000m area of copper mineralization exposed
in outcrop/subcrop and Cu-Mo in soil geochemical anomaly.
• DDH-032 located approximately 500m north of the mineralization in the Pass zone intersected the upper
level of the chargeability anomaly and returned sporadic intervals of copper mineralization with individual
samples returning up to 0.48% copper.
• The mineral tenure exchange extends a portion of the project boundary approximately 1.5km to the north
over the Eaglehead intrusion.
Elmer B. Stewart, President and CEO of Copper Fox stated, “ The ORION survey identified a large exploration
target flanking one of the intrusive centers identified by the recent Magnetic Vector Inversion study. This target
underlies an area of widespread copper in outcrop and Cu-Mo in soil geochemical anomaly located upslope from
the historical drilling and supports the current interpretation that the historical drilling tested the “pyritic shell”
of a porphyry copper system”.
Geological Model
The near surface zones of mineralization occur over a 7km long zone located on the north side of the Thibert
Fault system . The compilation work suggests these zones represents the surface expression zones of porphyry
mineralization related to late-stage intrusive/hydrothermal activity at depth in proximity to the Thibert Fault
system.
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ORION Survey
The survey was completed over an area measuring 1.2km wide by 3.0km long. The receiver dipole
spacing was 100m for all lines. The off-line receive electrode for orthogonal (Ey) dipoles was located
100m to west side of the inline dipole array except in instan ces of severe topography. The 2D, DC
resistivity and chargeability inversion models were generated for each subset of inline data as well as 3D
inversion models of the full inline and crossline dataset.
Mineral Tenure Exchange
The mineral tenure exchange with Giga Metals Corporation consisted of exchanging one mineral tenure
(2,153.4 ha) located on the southeast end of the project for five mineral tenures ( totaling 1,910.3 ha)
located along the northern border of the project. The mineral tenures acquired pursuant to the transaction,
extends portions of the border of the Eaglehead project approximately 1.5km to the north.
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, has
reviewed the scientific and technical information disclosed in this news release.
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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 the 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 1-844-464-2820 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 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 information” within the meaning of the Canadian securities laws. 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 include statements about: the results of an ORION Survey; that a 2,500m x 1,200m posi tive chargeability has been located and is
open to the east and west; DDH-032 returned sporadic intervals of copper mineralization; comments about the “pyritic shell” of a porphyry
copper system.
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; the speed of field studies
and the stability 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 results of the ORION Survey may not be accurate ; the chargeability may not be the
source of the copper in outcrop or Cu -Mo in soil geochemical anomaly; uncertainties relating to interpretation of the previous results; the
overall economy may deteriorate; uncertainty as to the availability and terms of f uture 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.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.