Positive IP Results For Mineral Mountain Copper Project
ALBERTA - Copper Fox Metals Inc. reported results of a reconnaissance style, deep penetrating induced polarization ("IP") (chargeability/resistivity) survey on its 100% owned Mineral Mountain project (the "Project") located approximately 16 miles northeast of Florence, Arizona.
Highlights: A positive chargeability anomaly with approximate dimensions of 2,900 meters ("m") by 1,300m has been outlined. The anomaly is open to the southwest; In the northern portion of the IP survey area, the chargeability anomaly correlates with the copper-molybdenum mineralization in outcrop and post mineral faults that controls the limits of the mineralization; A positive resistivity anomaly (600m by 400m) occurs within the chargeability anomaly and coincides with a zone of copper-molybdenum mineralization with molybdenum concentrations ranging from 20 to 1,700 parts per million ("ppm") in outcrop; and The results of an independent property reconnaissance over approximately 363-acres of the Project concluded; no acuna cactus were observed, the potential for archaeological sites is low to moderate and no evidence of leaks, spills, or potential sources of contamination was observed.
Elmer B. Stewart, President and CEO, reported "The IP survey has provided the certainty required to plan a diamond drill program to test several high potential copper-molybdenum exploration targets. The chargeability and resistivity anomalies exhibit a strong correlation to the copper and molybdenite mineralization in outcrop, post mineral faulting, and geochemical vectoring studies. The property reconnaissance survey established a background for the Project and will provide definitive information when filing a Geological Field Operations Plan to conduct drilling operations."