Copper Fax provides update on 2011 plans for Schaft Ceek, diamond drilling expected to commence mid-May
Press Release Source: Copper Fox Metals Inc. On Thursday May 5, 2011, 8:00 am EDT
VANCOUVER, May 5 /CNW/ - ("Copper Fox" or the "Company") (TSXV:CUU.V) is pleased to provide its shareholders an update of activities as well as its 2011 plans for the Schaft Creek project.
Highlights:
a) Copper Fox has been advised by AMEC to expect the updated resource estimate on the Schaft Creek deposit later this month,
b) The high resolution airborne survey of the Schaft Creek project has commenced and is expected to be completed within 10 days subject to weather conditions, and
c) Diamond drilling is expected to commence later this month subject to snow conditions. The first drill hole of the 2011 season will be the completion of DDH CF2101-406 which had to be capped due to weather conditions at the end of the 2010 season.
Elmer B. Stewart President and CEO of Copper Fox stated "The objectives of the 2011 program are to expand the limits of the mineralization in the Paramount zone of the Schaft Creek deposit and to try and locate another deposit of copper-gold-molybdenum-silver mineralization. In addition to the Schaft Creek deposit, two large zones of copper-gold mineralization and a large chargeability anomaly are located within the Schaft Creek project none of which have ever been tested by diamond drilling. The potential for any one of these zones to host a large copper-gold-molybdenum-silver deposit is considered to be high".
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