Mineral Mountain Project Review Represents Example Of Buried Porphyry Copper Target

CALGARY - Copper Fox Metals Inc. and its wholly owned subsidiary, Desert Fox Mineral Mountain Co. reported on the Mineral Mountain porphyry copper property (2,692.4 ha) located in the Mineral Mountain Mining District, Arizona. The Mineral Mountain project is located on a northeast trending, regional scale, porphyry copper belt that hosts some of the largest porphyry copper deposits in Arizona including Santa Cruz and Resolution. The project is located approximately 25 kilometers (km) (15 miles) southwest from Rio Tinto and BHP's giant Resolution porphyry copper-molybdenum deposit and approximately 25 km northeast of Taseko's Florence porphyry copper deposit.

Three distinct areas of higher positive chargeability located within a larger 18 milliradians (mrad) chargeability anomaly have been identified. These areas of higher chargeability are interpreted to represent three potential porphyry copper centers. Target #1, located in the central portion of the property, has been discussed in several previous news releases. Targets #2 and #3 are located northeast and southwest of Target #1 respectively.

The Plan of Operations submitted to the Bureau of Land Management (BLM) contemplates drill testing the chargeability signature of Target #1 and Target #2, each with a 1,000-meter-deep hole. An Environmental Review ("ER"), as required pursuant to the National Environmental Protection Act, ("NEPA"), and Solicitation of Public Comments on the Plan of Operations must be completed prior to receiving a final decision from the BLM on the drilling permit. SWCA has been retained to assist Copper Fox to determine the scope and scale of the ER in conjunction with the BLM.

Elmer B. Stewart, President, and CEO, said, "The geological setting, geophysical signatures and porphyry footprint represents a compelling example of a buried porphyry copper target, like the giant Resolution porphyry Cu-Mo deposit. The chargeability and associated magnetic signatures are interpreted to represent early stage potassic alteration associated with significant bodies of sulphide mineralization at depth. Copper Fox is working diligently assisting SWCA to determine the scope and scale of the ER and public consultation process with the objective of obtaining the BLM's approval to conduct drilling operations."