Drilling Intersects 1.18% Copper Equivalent over 161m at Schaft Creek and Confirms Mineralized Nature of Chargeability Anomaly
Press Release Source: Copper Fox Metals Inc. On Tuesday July 26, 2011, 6:00 am EDT
VANCOUVER, July 26, 2011 /CNW/ - Copper Fox Metals Inc. (TSXV:CUU.V) is very pleased to announce the assay results for diamond drill hole CF407-2011 and other exploration and corporate activities. Two diamond drills are currently working on the Paramount zone to test the extensions of the higher grade copper-gold-molybdenum-silver mineralization intersected in 2010 and to test the eastern extension of the large chargeability anomaly identified in 2010. To view the location of drill holes CF407-2011 and CF410-2011 in relation to the chargeability anomaly outlined by the Quantec Titan-24 survey over a portion of the Schaft Creek deposit, visit the Copper Fox website at www.copperfoxmetals.com. Highlights of activities are as follows:
Highlights:
* Diamond drill hole (DDH) CF407-2011 located 140 metres (m) east of DDH CF399-2010, intersected 0.65% copper, 0.53 g/t gold, 0.034% molybdenum and 3.80 g/t silver (1.18% copper equivalent) over an interval of 160.36m starting at a core length of 264.2m. The 160.36m interval is included in the 519.2m mineralized interval indicated below. The mineralized interval in DDH CF407-2011 is open to the east and confirms the mineralized nature of the chargeability anomaly identified in 2010,
* DDH CF407-2011 intersected 0.40% copper, 0.24 g/t gold, 0.025% molybdenum and 1.98 g/t silver (0.69% copper equivalent) over a core interval of 519.2m from 5.3m to a depth of 524.47m,
* DDH CF410-2011 located 110m east of DDH CF407-2011, intersected the interpreted extension of the mineralization intersected in DDH CF407-2011 and exhibits visible copper and molybdenum mineralization over an interval of 505.2m from 62.8m to 658m, assays for DDH CF410-2011 are pending,
* The Titan-24 survey over the Mike zone located north of the Paramount zone and the recently acquired ES and GK zones (all within a 6 kilometre strike length) located north of the Schaft Creek deposit is scheduled to commence before the end of July, and
* Copper Fox has acquired an additional 2,388 common shares of Liard Copper Mines Limited ("Liard") bringing its total interest in Liard to 1.47%.
Mr. Stewart, President of Copper Fox stated, "The interval of high-grade copper and gold mineralization intersected in DDH CF407-2011 represents the highest grades intersected to date in the Paramount zone and strongly supports the potential of a large zone of significantly higher grade mineralization at depth, to the north and east and along strike. Three holes located to the east and north of DDH CF407-2011 have been completed to date in 2011. Each of these holes intersected visible copper and molybdenum mineralization and suggests the presence of mineralization within a 1,200m long by 600m wide previously untested portion of the chargeability anomaly located in 2010".
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