Copper Fox looks over old exploration, engineering data

2013-12-03 06:22 ET - News Release

Mr. Elmer Stewart reports

COPPER FOX UPDATES ACTIVITIES ON VAN DYKE COPPER DEPOSIT IN ARIZONA

Copper Fox Metals Inc., through its wholly owned subsidiary, Desert Fox Minerals Co., has provided an update of recent activities on its Van Dyke oxide copper deposit located in the Globe-Miami mining district of Arizona. Copper Fox acquired 100% of Bell Copper Corporation interest in the Van Dyke copper deposit in early 2013 (see News Release dated April 12, 2013).

Highlights:

a) Moose Mountain Technical Services has been retained to review and model all of the historical exploration and test leaching data with the objective of making recommendation for further work including diamond drilling to confirm the historical estimate of 112 million tons grading 0.53% copper, b) Knight Piesold has been retained to review all historical engineering, geotechnical and hydrogeological data generated by Occidental Mineral Corporation in the 1970's and Kocide Chemical's test in-situ production data generated between 1988 -1989, and c) Greenwood Environmental working with Knight Piesold has been retained to provide consulting services on the environmental and permitting aspects of a potential in-situ leach mining project on the Van Dyke oxide copper deposit.

Mr. Stewart, President and CEO of Copper Fox stated, "The Van Dyke oxide copper deposit is a significant under explored copper asset of the Company. The historical estimation, in-situ leaching test work and production data from an in-situ leach mining operation completed between the early 1970's and 1989 yielded positive results. Our immediate objective at Van Dyke is to complete the geological, engineering, geotechnical and environmental work necessary to prepare a Preliminary Economic Assessment there by establishing a valuation for this project. The Van Dyke oxide copper deposit complements our 25% interest in the large Schaft Creek copper-gold-molybdenum-silver deposit. We expect some or all of the drilling results for the 2013 season at Schaft Creek to be released in December."

Moose Mountain Technical Service ("MMTS"):

Representatives of MMTS have completed a site visit as part of their mandate to review the existing historical exploration data to establish the requirements to bring the historical data base into National Instrument 43-101 ("NI-43-101") requirements. MMTS will also review the previous metallurgical test work and production data to evaluate the potential for in-situ leach mining of the Van Dyke oxide copper deposit as well as make recommendations for additional diamond drilling to generate an NI 43-101 Resource Estimate, and recommend additional studies to complete a Preliminary Economic Assessment if justified.

Knight Piesold Consulting ("Knight Piesold"):

Representatives of Knight Piesold have completed a site visit. Knight Piesold have provided similar consulting services to a number of proposed and operating copper mines in Arizona and will review the following aspects of the Van Dyke oxide copper deposit:

Engineering Services

The scope of the preliminary engineering services at the Van Dyke oxide copper deposit includes; i) Mine Development Alternatives Analyses, ii) Underground Mine Rock Mechanics, iii) Hydrogeology, iv) Surface Geotechnical support and v) Water Management including water balance, ponds, pumping and pipework systems.

Environmental Services

Knight Piesold will prepare an overview of the mining permit applications required in Arizona to develop an in-situ oxide copper deposit. Knight Piesold have recently provided permit assistance and technical support to several proposed and operating copper mines in Arizona as well as geochemical characterization and hydrological support for numerous environmental permits in Arizona. As a first step, relevant project permits and approvals will be identified that will include; project-related impacts that may trigger compliance with the National Environmental Policy Act (NEPA) production of an Environmental Assessment or Environmental Impact Statement:

Environmental Baseline Studies

Knight Piesold will also design a baseline monitoring system to quantify existing conditions at the Van Dyke oxide copper deposit as well as i) Air Quality, ii) Surface and Groundwater Quality and Quantity, iii) Vegetative and Biological Resources, iv) Cultural and Archaeological Resources, v) Social and vii) Public Health and Safety studies.

Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the technical information disclosed in this news release.

We seek Safe Harbor.