Vancouver, British Columbia — March 19, 2014 — Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V: CUU) is pleased announce the 2014 program for the Schaft Creek Joint Venture as well as Desert Fox Copper Inc.’s (“Desert Fox”) plans for the verification diamond drilling program on the Van Dyke oxide copper deposit along with an update on other activities of Desert Fox.
Highlights:
Mr. Stewart, President of Copper Fox stated, “We are pleased with the direction and look forward to the results of the 2014 Schaft Creek program. The Van Dyke oxide copper deposit verification drilling program is designed to confirm the historical data in advance of completing a resource estimation; the first step in working toward completion of a Preliminary Economic Assessment (“PEA”). The positive correlation between the 2014 analytical results from the original pulps and re-sampling of the core strongly support the copper grades stated in the historical estimate.”
Schaft Creek Joint Venture:
Teck Resources Limited (“Teck”) as operator of the Schaft Creek Joint Venture has recommended a comprehensive series of studies to review all aspects (including metallurgical, pit slope design, geological modelling and environmental) of the Schaft Creek project. The objective is to review all data collected on the Schaft Creek project to the end of 2013 to update and optimize various parameters of the project. The studies will be conducted internally by Teck and outside consultants will be retained if and when necessary.
The 2014 program also has a field program planned of mapping and re-logging core to obtain a better structural understanding of the Schaft Creek deposit for pit slope design purposes. Environmental monitoring studies will continue through 2014. The 2014 program is estimated to cost approximately $2.5 million.
Van Dyke Project:
The results from the previously mentioned re-assay of selected intervals from certain diamond drill holes have been received (see news release dated January 9, 2014). A comparison of the historical and 2014 assays is shown below:
Read more: http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=643017&_Type=News-Releases&_Title=Copper-Fox-Commences-Drilling-Program-At-Van-Dyke-And-Announces-The-2014-Sc..
NT2
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