Copper Fox Metals Inc. (TSXV: CUU,OTC:CPFXF) (OTCQX: CPFXF) (FSE: HPU) (“Copper Fox” or the “Company”) and its wholly owned subsidiary, Desert Fox Mineral Mountain Co. (“Desert Fox”), are pleased to announce that drilling has commenced on its 100% owned Mineral Mountain porphyry copper project in Arizona. The Mineral Mountain project is located on a productive porphyry copper belt in the northeast, approximately 25 kilometers (km) southwest of Rio Tinto and BHP’s giant resolution porphyry copper-molybdenum deposit and approximately 20 km northeast of the Florence porphyry copper deposit (Figure 1).
The diamond drill program is designed to expose the large surface area of copper-molybdenum mineralization and alteration at depth and the equally large, open end with positive rechargeability at depth. Below is a brief description of the porphyry copper target to be tested.
Porphyry copper target
- Copper and molybdenum mineralization occurs over an area approximately 4,500 meters (m) long to 2,000 meters wide and is underlain by an open, northeast-trending positive rechargeability (>14 mrad) anomaly measuring approximately 3,200 by 1,200 meters.
- Copper mineralization occurs in Laramide age, potassic, propylitic, and phyllically altered porphyritic and non-porphyritic quartz monzonites and biotite granodiorites, typical host rocks for porphyritic copper deposits in Arizona.
- Copper mineralization contains elevated gold concentrations, several Laramide-age porphyry copper deposits in Arizona contain elevated gold concentrations.
- The copper mineralization contains a significant amount of chalcocite, a copper sulfide mineral resulting from weathering/oxidation/supergene cycles and typically observed in Laramide-age porphyry copper deposits in Arizona.
Elmer B. Stewart, president and CEO of Copper Fox, said: “Copper Fox is excited to test this large, high-grade porphyry copper target that exhibits the mineralization, alteration, host rocks and geophysical features typically observed at other porphyry copper deposits in Arizona. The size of the porphyry copper footprint and its location on a northeastern porphyry copper belt that hosts some of the largest Porphyry copper deposit in Arizona is indicative of the porphyry potential of the Mineral Mountain project.”
Reason for the drilling plan
The objective of the 2025 drill program is to test the depth of porphyry-style copper-molybdenum mineralization and alteration exposed at the surface and determine the cause of the underlying co-extensive open-ended chargeability anomaly. Figure 2 shows the distribution of copper-molybdenum mineralization, the underlying open-ended positive load anomaly, and the locations of drill holes approved in the Plan of Operations submitted to the Bureau of Land Management for the project.
Figure 1: Regional location of the Mineral Mountain copper project in the northeastern porphyry copper belt.
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Figure 2: Proposed borehole locations showing Cu-Mo mineralization and the underlying rechargeability anomaly (>14 mrad).
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The drill program requires up to 2,000 meters of drilling at four locations as specified in the drilling permit. Copper Fox has designed a flexible drilling program to consider the possibility of expanding the length of a borehole depending on drill core observations based on factors such as the presence and abundance of copper mineralization, veins and associated alteration patterns. While this could result in increasing the depth of a borehole, there is a possibility that the planned drilling could result in fewer than four boreholes being completed.
Qualified person
Elmer B. Stewart, MSc. P.Geo., 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 approved the scientific and technical information disclosed in this press release.
About Copper Fox
Copper Fox is a Canadian resources company focused on the exploration and development of copper in Canada and the United States. The assets of Copper Fox, and its wholly owned subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the Schaft Creek Joint Venture’s 25% interest with Teck Resources Limited in the Schaft Creek copper-gold-molybdenum-silver project, the 100% owned Eaglehead polymetallic porphyry copper project, each located in northwestern British Columbia, and the Van Dyke’s 100% owned properties ISCR project and the Mineral Mountain and Sombrero Butte porphyry copper exploration projects, all located in Arizona. For more information about Copper Fox’s mineral properties and investments, please visit the company’s website at www.copperfoxmetals.com.
On behalf of the Board of Directors
Elmer B. Stewart
President and CEO
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 press release contains forward-looking statements within the meaning of 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 generally can be identified by the use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “plans,” “budgets,” “could,” “estimates,” “expects,” “predicts,” “projects” and similar expressions, and the negative of such expressions. Forward-looking information in this press release includes statements regarding; a drilling program; the objective of the program; porphyry-style alteration and mineralization; an anomaly of load capacity; improved gold concentrations; supergene chalcocite; The estimated dimensions of the quartz vein harbored copper and molybdenum mineralization and interpreted Laramide age intrusive rocks.
In connection with the forward-looking information contained in this press release, Copper Fox and its standards have made numerous assumptions regarding, among other things: the geological advice received by Copper Fox is reliable and based on practices and methodologies consistent with industry standards; and the reliability of historical reports. Although Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors that could cause the actual results, performance or achievements of Copper Fox 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: the drilling program may not be completed as planned or at all; the purpose of the program may not be achieved; the porphyry-style alteration and mineralization may not be representative of a porphyry copper system; the estimated dimensions of the load capacity deviation may not be accurate; the chargeability anomaly may not represent porphyry copper mineralization; increased gold concentrations may not occur with copper mineralization; the chalcocite supergene may not represent weathering/oxidation/supergene cycles; the estimated sizes of copper and molybdenum mineralization in quartz veins may not be accurate and the intrusive rocks may not be of Laramide age; further exploration may not yield additional porphyry-style mineralization; financial markets and the overall economy may deteriorate; the need to obtain additional financing and the uncertainty regarding the impact of threatened tariffs, timely availability of permits and other government approvals.
A fuller discussion of the risks and uncertainties facing Copper Fox will be disclosed in Copper Fox’s ongoing disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information contained 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 the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
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