Copper Fox Provides Update ON Schaft Creek 2021 Field Program
COPPER FOX PROVIDES UPDATE ON SCHAFT CREEK
2021 FIELD PROGRAM
Calgary, Alberta– October 27, 2021. Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-
V: CUU – OTCQX: CPFXF) is pleased to provide an update on the Schaft Creek 2021 metallurgical
drilling program. The Schaft Creek project is managed through the Schaft Creek Joint Venture (“SCJV”)
formed in 2013 between Teck Resources Limited (“Teck”) (75%) and Copper Fox (25%) with Teck being
the Operator. The Schaft Creek deposit is one of the largest undeveloped porphyry copper deposits
containing significant gold, molybdenum and silver by-products in North America. Highlights of the 2021
metallurgical drilling program are set out below.
Highlights
➢ The primary objective of the 2021 drilling program was to collect geometallurgical samples for
additional metallurgical testwork.
➢ The drill holes were located to expand the metallurgical sampling coverage and better inform metal
recoveries and comminution characteristics within the early part of the life of mine as set out in the
Preliminary Economic Assessment (“PEA”) (see News Release dated September 20, 2021).
➢ A total of 835 metres were completed and logged for lithological, mineralogical, alteration and
geotechnical data. Analytical results are pending.
➢ Metallurgical samples for comminution and grinding and flotation testwork will be processed in
early 2022.
➢ The 2021 environmental baseline program was successfully completed.
Elmer B. Stewart, President and CEO of Copper Fox stated, “The recently announced PEA recommended
additional metallurgical testwork as one of several project enhancements which, if successful, could
increase the overall project valuation. The 2021 drilling program provides the SCJV with the opportunity
to investigate metallurgical performance enha ncement. To expedite completion of the drilling program,
the SCJV mobilized two drill rigs to site, however, unfavorable weather conditions impeded the ability to
complete the full program in a safe manner, and as such a decision was taken to conclude drilling activity.
Analytical results for the drill holes will be released when they become available, and we look forward to
the start of the metallurgical testwork.”
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.
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 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.
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For additional information contact: Lynn Ball at 1-844-464-2820 or 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,” “budg ets”, “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 objective of the 2021 drilling program; expanding the metallurgical sampling
coverage; 835 metres of drilling logged for various data sets; analytical results pending; metallurgical
testwork being processed in early 2022; and a successful 2021 environmental baseline program.
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: th e geological,
metallurgical, engineering, financial and economic advice that Copper Fox has received is re liable 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 i nformation contained herein. Known risk
factors include, among others: sampling for metallurgical testing purposes may not be completed as planned
or at all; the drilling program may not return significant copper mineralization; the additional metallurgical
testwork may not be completed as planned or at all; the need to obtain additional financing; uncertainty as
to the availability and terms of future financing; the possibility of delay in exploration or development
programs and uncertainty of meeting anticipated program milestones; 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 Cana dian 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.