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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: In the next 5 months

NR dated May 7th, 2015

http://copperfoxmetals.mwnewsroom.com/press-releases/copper-fox-announces-updates-on-schaft-creek-and-van-dyke-projects-tsx-venture-cuu-201505071005779001

In there:

"The objectives of the 2015 Schaft Creek program are to advance the Optimization studies on the Schaft Creek deposit and to drill test copper mineralization observed in veins on surface and in hydrothermal breccia on the LaCasse zone."

"The other studies related to the Optimization work on the Schaft Creek deposit to be advanced in 2015 (see news release dated February 4, 2015) include Geomet Unit definition, generation of new Whittle pits, and preparation of mine schedules. If warranted by the new studies, updating of operating and capital costs, flowsheet design criteria, and a new financial simulation are planned for later in the year."

So this news release says to be advanced, not completed. It refers to a Feb 4, 2015 NR, but I don't see one and believe it refers to the Feb 9, 2015 NR

http://copperfoxmetals.mwnewsroom.com/press-releases/copper-fox-updates-schaft-creek-project-activities-tsx-venture-cuu-201502090991166001

This NR also doesn't seem to indicate anything of a completion on studies this year.

So I don't believe we have officially been told that optimization would be completed this year.

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