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Copper Fox Commences Drilling Program At Van Dyke And Announces The 2014 Schaft Creek Joint Venture Program

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:

  • Layne Christensen Company has been contracted to complete the 7 hole; 5,100 meter (“m”) diamond drilling program on the Van Dyke oxide copper deposit. The drilling will commence immediately,
  • The recently completed analytical results for the original Van Dyke pulps show that:
    • the 2014 weighted averages for total copper range from 93% to 97.5% of the original weighted averages based on the historical data of Occidental Minerals,
    • the 2014 weighted averages for soluble copper range from 94% to 150% of the historical weighted averages,
  • The recently completed analytical results for the re-sampling of the core from DDH-OXY-27 show that;
    • the 2014 weighted average for total copper is the same as the historical weighted average,
    • the 2014 weighted average for soluble copper is 107% of the historical weighted average, and
  • The permit to complete the proposed Titan-24 survey over the Sombrero Butte copper-molybdenum project has been received.

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..

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