Copper Fox Metals Inc. is pleased to report the final results of the 2016 rock sampling program on its 100% owned Mineral Mountain property, a Laramide age copper-molybdenum-gold project, located in central Arizona.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “The final results from the sampling program has expanded the interpreted dimensions of the mineralized area to 1,100m by 900m. The increase in average copper concentration from that stated in our last news release on Mineral Mountain is due to a significant number of the samples from the final results containing copper assays in excess of 1% and up to 6.6% copper. The next step will be to compile and interpret the results of the work completed on this project over the past two years.”
a. The distribution of the additional sample results have expanded the area of mineralization from 800m by 600m to 1,100m by 900m. The mineralized area remains open in two directions.
b. The copper content in the 35 samples that assayed over 1% copper is due to the presence of chalcocite.
c. The mineralized area is located within the previously reported historical chargeability anomaly. The shape of the mineralized area and that of the chargeability anomaly are similar.
Mineral Mountain Project:
The Mineral Mountain project is located in a northeast trending structural lineament that hosts the porphyry copper deposits at Casa Grande, Resolution and in the Miami-Globe district in Arizona.
2016 Sampling Results:
The copper-molybdenite-gold mineralization occurs in quartz veins, quartz veinlets, sheeted quartz veins, and in potassic altered Laramide age granodiorite that has been intruded by a series of northeast trending hornblende diorite dikes and north-south trending aplite dikes. The vein-controlled mineralization exhibits three prominent trends being 10W to 015 NE (gold rich), 045NE to 060NE, and 070NE to 080NE.
The mineralization is hosted in steeply dipping classical “A” veins with potassic +/- chlorite +/- hematite envelopes and exhibits a rhenium-tellurium-bismuth geochemical association, features typical of a porphyry copper system.
The main copper minerals are chalcocite and chrysocolla along with rare chalcopyrite and covellite. Gangue minerals observed are goethite after pyrite (forming boxwork texture) and jarosite. The range of analytical values for the samples located within the mineralized area are shown in the following table:
The average gold value for this zone is influenced by the sample that contained 2.640 g/t gold. Assigning a zero value to this sample, the average gold content of the zone is reduced by 28% to 0.112 g/t.
About Copper Fox:
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange focused on copper exploration and development in Canada and the United States. Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc. hold the assets listed below:
1. 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia.
2. 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.
3. 65.4% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northwestern British Columbia.
4. 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona.
5. 100% ownership of the Mineral Mountain copper project located east of Florence, Arizona.
Copper Fox Metals Inc.