Copper Fox Metals Inc.

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Copper Fox is a Canadian based resource company focussed on value creation through acquisition, exploration and development of potentially low cost, large polymetallic porphyry copper projects in Canada and the United States. Our business model is conservative and guided by technical and economic...

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Copper Fox Metals Inc.

publicPublicGroup

Copper Fox is a Canadian based resource company focussed on value creation through acquisition, exploration and devel......

people8 Members       (0)

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8020 Admin

3 hours ago

8020 Admin posted a press release Copper Fox Announces Re-pricing of $1,800,000 Non-brokered Private Placement in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - March 10, 2020) -  Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") announced today that, due to the recent overall downturn in the public market, the Company intends, subject to the approval of the TSX Venture Exchange, to re-price its non-brokered private placement, that was previously announced in a news release dated February 13, 2020, to raise up to $1,800,000 in gross proceeds (the "Offering"). The re-priced Offering will consist of up to 30,000,000 units (each a "Unit") at a price of $0.06 per Unit. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share for an exercise price of $0.10 during the first 12-month period after the closing of the Offering and $0.12 during the second 12-month period after the closing of the Offering. In the event that the 20-day volume weighted average price of the common shares listed on the TSX Venture Exchange is above $0.15, the expiry date of the Warrants will be accelerated to a date that is 30 days after the first date such threshold is met.


Copper Fox is making the Offering available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, family and close personal friends and business associates of directors and officers of the Company. The Offering is also available to all existing shareholders of Copper Fox who, as of the close of business on February 12, 2020 (the "Record Date"), held shares (and who continue to hold such shares as of the closing date) in accordance with the provisions of the "existing security holder exemption" contained in the various corresponding blanket orders and rules of participating jurisdictions (the "Existing Security Holder Exemption").


The Company advises that there are conditions and restrictions when subscribers are relying upon the Existing Security Holder Exemption, including, among other criteria: (a) the subscriber must be a shareholder of the Company on the Record Date (and still be a shareholder), (b) be purchasing the units as a principal - for his or her own account and not for any other party, and (c) may not purchase more than $15,000 value of securities from the Company in any 12-month period. There is an exception to the $15,000 subscription limit. In the event that a subscriber wishes to purchase more than a $15,000 value of securities, then he or she may do so provided that the subscriber received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer. Subscribers purchasing Units using the Existing Security Holder Exemption will need to represent in writing that they meet the requirements of the Existing Security Holder Exemption. There is no minimum subscription amount. As the Existing Security Holder Exemption contains certain restrictions and is only available in certain jurisdictions in Canada, others that do not qualify under the Existing Security Holder Exemption may qualify to participate under other prospectus exemptions, such as the accredited investor exemption.


Subscriptions will be accepted by the Company on a "first come, first served basis". Therefore, if the Offering is over-subscribed it is possible that a shareholder's subscription may not be accepted by the Company. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions, management reserves the right in its discretion to reduce large subscriptions in favour of smaller shareholder subscriptions.


The Offering is expected to close by March 26, 2020. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used for the proposed acquisition of the Eaglehead project, exploration activities and general and administrative purposes of the Company.


The Offering may include one or more subscriptions by insiders of the Company, which will include a subscription by Mr. Ernesto Echavarria, a director, insider and a control person of the Company (as defined by the policies of the TSX Venture Exchange) of a minimum of 20,000,000 Units.


Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, may constitute a "Related Party Transaction" under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 ("MI 61-101") as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox intends to rely on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders will not exceed 25% of the Company's market capitalization.


About Copper Fox
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 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 and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at http://www.copperfoxmetals.com.


For additional information contact: Investor line 1-844-464-2820 or Lynn Ball, at 1-403-264-2820.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.


Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, without limitation, statements about: the expected size and terms of the Offering and the use of the proceeds therefrom; the anticipated closing time of the Offering; the terms of the subscription agreements to be executed by shareholders relying on the "Existing Security Holder Exemption"; the expected subscription by one or more insiders, including Mr. Echavarria in the Offering; and the exemptions in MI 61-101 intended to be relied upon by Copper Fox in completing the Offering.


In connection with the forward-looking information contained in this news release, Copper Fox has made numerous assumptions. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.


Known risk factors include the possibility that: approval for the Offering will not be obtained from the TSX Venture Exchange; the Offering will not complete at the time or in the amount expected, or at all; Mr. Echavarria will not subscribe for the number of Units currently expected, or at all; and the exemptions intended to be relied upon by Copper Fox under MI 61-101 in completing the Offering may not be available.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53326

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8020 Admin

27 days ago

8020 Admin posted a press release Copper Fox Announces $1,800,000 Non-Brokered Private Placement in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - February 13, 2020) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to raise up to $1,800,000 in gross proceeds (the "Offering"). The Offering will consist of up to 22,500,000 units (each a "Unit") at a price of $0.08 per Unit. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half (1/2) common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase one Common Share for an exercise price of $0.12 during the first 12-month period after the closing of the Offering and $0.15 during the second 12-month period after the closing of the Offering. In the event that the 20-day volume weighted average price of the common shares listed on the TSX Venture Exchange is above $0.20, the expiry date of the Warrants will be accelerated to a date that is 30 days after the first date such threshold is met.


Copper Fox is making the Offering available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, family and close personal friends and business associates of directors and officers of the Company. The Offering is also available to all existing shareholders of Copper Fox who, as of the close of business on February 12, 2020 (the "Record Date"), held shares (and who continue to hold such shares as of the closing date) in accordance with the provisions of the "existing security holder exemption" contained in the various corresponding blanket orders and rules of participating jurisdictions (the "Existing Security Holder Exemption").


The Company advises that there are conditions and restrictions when subscribers are relying upon the Existing Security Holder Exemption, including, among other criteria: (a) the subscriber must be a shareholder of the Company on the Record Date (and still be a shareholder), (b) be purchasing the units as a principal - for his or her own account and not for any other party, and (c) may not purchase more than $15,000 value of securities from the Company in any 12-month period. There is an exception to the $15,000 subscription limit. In the event that a subscriber wishes to purchase more than a $15,000 value of securities, then he or she may do so provided that the subscriber received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer. Subscribers purchasing Units using the Existing Security Holder Exemption will need to represent in writing that they meet the requirements of the Existing Security Holder Exemption. There is no minimum subscription amount. As the Existing Security Holder Exemption contains certain restrictions and is only available in certain jurisdictions in Canada, others that do not qualify under the Existing Security Holder Exemption may qualify to participate under other prospectus exemptions, such as the accredited investor exemption.


Subscriptions will be accepted by the Company on a "first come, first served basis". Therefore, if the Offering is over-subscribed it is possible that a shareholder's subscription may not be accepted by the Company. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions, management reserves the right in its discretion to reduce large subscriptions in favour of smaller shareholder subscriptions.


The Offering is expected to close by March 26, 2020. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used for the proposed acquisition of the Eaglehead project, exploration activities and general and administrative purposes of the Company.


The Offering may include one or more subscriptions by insiders of the Company, which will include a subscription by Mr. Ernesto Echavarria, a director, insider and a control person of the Company (as defined by the policies of the TSX Venture Exchange) of a minimum of 15,000,000 Units.


Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, may constitute a "Related Party Transaction" under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 ("MI 61-101") as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox intends to rely on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders will not exceed 25% of the Company's market capitalization.


About Copper Fox


Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 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 and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at http://www.copperfoxmetals.com.


For additional information contact: Investor line 1-844-464-2820 or Lynn Ball, at 1-403-264-2820.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.


Cautionary Note Regarding Forward-Looking Information


This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, without limitation, statements about: the expected size and terms of the Offering and the use of the proceeds therefrom; the anticipated closing time of the Offering; the terms of the subscription agreements to be executed by shareholders relying on the "Existing Security Holder Exemption"; the expected subscription by one or more insiders, including Mr. Echavarria in the Offering; and the exemptions in MI 61-101 intended to be relied upon by Copper Fox in completing the Offering.


In connection with the forward-looking information contained in this news release, Copper Fox has made numerous assumptions. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.


Known risk factors include the possibility that: approval for the Offering will not be obtained from the TSX Venture Exchange; the Offering will not complete at the time or in the amount expected, or at all; Mr. Echavarria will not subscribe for the number of Units currently expected, or at all; and the exemptions intended to be relied upon by Copper Fox under MI 61-101 in completing the Offering may not be available.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52373

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8020 Admin

29 days ago

8020 Admin posted a press release Copper Fox Announces Agreement to Purchase Eaglehead Copper Property in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - February 10, 2020) - Copper Fox Metals Inc. (TSXV: CUU) (OTC PINK: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that it, through its wholly owned subsidiary, Northern Fox Copper Inc. ("Northern Fox"), has entered into a property acquisition agreement dated February 9, 2020 (the "Agreement") to purchase the 6 contiguous mineral claims totaling approximately 15,956 hectares located in the Liard Mining Division of northern British Columbia that comprise the Eaglehead Property (the "Eaglehead Property") from District Copper Corp. ("District Copper") (TSXV: DCOP) (OTC PINK: CAXPF).


The aggregate consideration to be paid by Northern Fox for the Eaglehead Property is CAD$1.412 million, which will consist of CAD$1.2 million cash payable to District Copper in installments over a three year period, and the assumption by Northern Fox of the reclamation bond for the Eaglehead Property in the amount of CAD$212,000. Under the terms of the agreement, Northern Fox has paid a non-refundable deposit of $50,000 on signing. An additional $150,000 will be paid at Closing and the balance of the purchase price in the amount of $1,000,000 will be payable in three annual installments of $340,000, $330,000 and $330,000 respectively on each anniversary following Closing.


At Closing, District Copper will have received cash payment of $200,000 from Northern Fox and the refund of the CAD$212,000 reclamation bond that District Copper currently has on deposit with the British Columbia Ministry of Energy, Mines and Petroleum Resources.


The Agreement also grants District Copper a 0.5% net smelter return royalty over the Eaglehead Property, half of which can be purchased by Northern Fox for $1,000,000 at any time up until the second anniversary of commercial production on the Eaglehead Property. Northern Fox has retained the right to accelerate the installment payments to District Copper in its sole discretion.


The closing of the transaction contemplated by the Agreement remains subject to the approval of the TSX Venture Exchange. The transaction is a Non-Arm's Length transaction pursuant to TSX Venture Exchange policies and a related party transaction pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Copper Fox is exempt from the valuation and minority approval requirements in MI 61-101 as the fair market value of the Eaglehead Property, as well as the value of the cash to be paid as consideration, does not exceed 25% of Copper Fox's market capitalization.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "The proposed acquisition of the Eaglehead copper project advances Copper Fox's business strategy of the acquisition and exploration and development of potentially large porphyry copper projects in North America while at the same time providing non-dilutive funding to District Copper to continue exploration of its two gold projects in Canada".


Eaglehead Project:


The Project is at an early to intermediate stage of exploration that hosts a calc-alkalic porphyry copper-molybdenum-gold-silver system. The Project is located in the Liard Mining Division in northern British Columbia. Since discovery of the Camp zone in 1963, various exploration activities have been completed by numerous exploration companies including grid-base soil geochemical sampling, modern ground-based and airborne geophysical surveys, 126 diamond drillholes and preliminary metallurgical test work.


Exploration has identified five zones of porphyry style copper-molybdenum-gold-silver mineralization that could be part of the same porphyry copper system and further exploration including diamond drilling would be required to evaluate the porphyry potential of the Project.


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


About Copper Fox


Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX-V: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 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 and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at www.copperfoxmetals.com.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


For additional information contact Lynn Ball at: 
investor@copperfoxmetals.com
(844) 464-2820 or (403) 264-2820


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Information


This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding: the acquisition of the Eaglehead Property; payment of the aggregate cash consideration over a three year period; assumption by Northern Fox of the environmental reclamation bond for the Eaglehead Property; receipt by District Copper of a cash payment and refund amount by Closing; a 0.5% net smelter return royalty for District Copper over the Eaglehead Property; the purchase by Northern Fox of half the 0.5% net smelter return royalty; the acquisition and exploration and development of potentially large porphyry copper projects in North America; the final approval of the transaction by the TSX Venture Exchange; the possibility that the Project contains five zones of porphyry style copper-molybdenum-gold-silver mineralization that could be part of the same porphyry copper system; and further exploration including diamond drilling to evaluate the porphyry potential of the Project.


In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: timely approval of the transaction by the TSX Venture Exchange; and that the geological, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards.


Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: final approval for the transaction may not be obtained from the TSX Venture Exchange; the rights and obligations under the Agreement may not be carried out as currently contemplated; the geology of the Project may not be as previously identified, and further exploration may not proceed as anticipated; fluctuations in copper prices, demand, commodity prices, and currency exchange rates; conditions in the financial markets; the overall economy may deteriorate; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52264

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8020 Admin

1 month ago

8020 Admin posted a press release Copper Fox Announces 2019 Fourth Quarter Operating and Financial Results in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - January 28, 2020) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its audited annual consolidated October 31, 2019 financial statements have been filed on SEDAR.


All of the Company's material subsidiaries are wholly owned, except for District Copper Corp. (formerly named Carmax Mining Corp.) ("District") (TSXV: DCOP), of which the Company owns 24.3% of the outstanding common shares, which is accounted for as an investment in associate.


For the year ended October 31, 2019, Copper Fox had a net loss of $2,626,031 (October 31, 2018 - $1,368,128) which equated to $0.00 loss per share (October 31, 2018 - $0.00 loss per share).


During the year ended October 31, 2019, the Company incurred $665,436 in expenditures toward furthering the development of its Schaft Creek and Van Dyke projects and the exploration of its Sombrero Butte and Mineral Mountain copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR at www.sedar.com, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "the 2019 work has advanced efforts to surface value in the Schaft Creek Joint Venture and significantly advanced the potential of the Arizona copper projects. The Schaft Creek project team investigated the 133 ktpd scenario recommended by the 2018 Sizing and Infrastructure study. On Copper Fox operated projects, the Mineral Mountain and Sombrero Butte copper projects have been advanced to the next stage of exploration and an updated resource estimate for the Van Dyke project is expected in Q2 2020. The Company will continue in 2020 to employ the strategy of "potential maximum value added per dollar invested" to position the Company to take advantage of increases in either M&A activity or copper prices."


2019 Q4 Highlights





















a) At Schaft Creek, the work focused on an in-depth review of the 133 ktpd scenario outlined by the 2018 Sizing and Infrastructure study. At the date of this news release, the final report for the 2019 Schaft Creek work program has not been completed.
b) At Van Dyke, the 2019 program has expanded the dimensions of the mineralized envelope of the copper deposit. The updated resource estimate for the Van Dyke project is expected in Q2 2020.
c) At Mineral Mountain, sampling and mapping outlined two large surface targets each with the potential to host a large porphyry copper deposit. Deep penetrating Induced Polarization geophysical exploration of these targets is required.
d) The Sombrero Butte project has been advanced to the "target testing" stage. Two large surface exploration targets have been delineated in a portion of a Laramide age intrusive stock exhibiting widespread potassic/sericite alteration associated with NNW and ENE trending copper-molybdenum vein sets underlain by positive chargeability anomalies.

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


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=CUU%3ACC&qmodStoryID=6534978823242656 

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8020 Admin

3 months ago

8020 Admin posted a press release Copper Fox Identifies Drilling Targets on Sombrero Butte Copper Project in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - November 28, 2019) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox") are pleased to provide a compilation of the analytical results and field observations from the 2019 program on the Sombrero Butte copper project in Arizona.


The Sombrero Butte property comprises 2,913 acres in the heart of the Laramide age copper porphyry belt in the state of Arizona, USA. The property is located 71 kilometers NE of Tucson, Arizona, and adjoins the Copper Creek porphyry copper deposit located approximately 3 kilometers north. Copper Creek is characterized by an abundance of mineralized breccia pipes exposed in outcrop overlying the porphyry deposit. These breccia pipes are a significant geological feature of the Copper Creek porphyry deposit and other porphyry copper deposits and mines throughout Arizona.


2019 Program Highlights:



  • Analysis from the 199 samples submitted to Skyline Assayers and Laboratories in Tucson, have been received.

  • A new area (600m by 500m) of copper-molybdenum mineralization hosted in the Laramide age Copper Creek granodiorite has been identified.

  • A 1,500m long by 600m wide area of copper-molybdenum mineralization coincides with the chargeability anomaly, a significant portion of which is hosted in the Laramide age Glory Hole Volcanics.

  • The chargeability anomaly and the two areas of copper-molybdenum mineralization show a spatial correlation with the NNW trending Range Front Fault system, consistent with a major porphyry mineralized trend in Arizona.

  • The mineralized structures demonstrate an NNW and ENE trend, consistent with the Laramide mineralized trends in Arizona.

  • The highest copper and molybdenum values occur in grey porphyry dikes with most of the significant copper-molybdenum concentrations occurring in the Laramide age Glory Hole Volcanics,

  • The trace element geochemical data has outlined a zone of potassic alteration that transitions to a pyrite + sericite halo to the east in the Glory Hole Volcanics.

  • The breccia pipes and mineralized structures within the Glory Hole Volcanics indicates upward migration of hydrothermal fluids from a buried porphyry system.

  • Drilling targets have been identified; an application is being prepared for a permit to conduct a drilling program in 2020.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "We are pleased to have achieved our objectives with the exploration work completed so far at Sombrero Butte. We've continued to technically de-risk the property to the point where the results received so far have identified the surface footprint of a large porphyry system and has provided us with the confidence required to establish drillhole locations to test the potential of this copper porphyry system."


Geological Model:


The Sombrero Butte project is underlain by a multi-phase porphyry copper system hosted in the Copper Creek granodiorite. Evolution of the porphyry system resulted in the formation of sulphide mineralization as indicated by the chargeability anomaly and intensity of mineralized veins (formerly pyrite veins) exposed in a portion of the Copper Creek intrusive. Intrusive activity and expulsion of mineralized fluids upwards into the overlying Glory Hole Volcanics resulted in the formation of mineralized dikes, vein/veinlets and breccia pipes and the easterly transition from potassic to pyrite-sericite alteration which support the interpreted down dip extension of the porphyry system to the northeast under the Glory Hole Volcanics. Subsequent uplift and erosion followed by a prolonged period of oxidization and leaching is evidenced by the variable copper-molybdenum concentrations contained in oxidized breccia pipes and mineralized structures exposed in outcrop.


Geology:


The area covered by the 2019 program is underlain by the Copper Creek granodiorite, the eastern extension of which is covered by older Laramide age Glory Hole Volcanics. The 2019 program located several previously unknow outcrops of Copper Creek granodiorite, a significant number of breccia pipes (47) and a series of NNW and ENE trending grey porphyry, dark porphyry, granite porphyry and diorite porphyry dikes.


Mineralization:


The copper-molybdenum mineralization exhibits a strong structural control and occurs in steep and shallow dipping veins and veinlets in two NNW trending zones hosted in Copper Creek granodiorite and Glory Hole Volcanics. Within these two zones, the mineralized structures exhibit prominent NNW and ENE trends. The highest copper-molybdenum concentrations occur in grey porphyry, with the majority of the of the higher copper-molybdenum concentrations occurring within the Laramide age Glory Hole Volcanics. The table below outlines the Median, Mean and Range of Values for copper, molybdenum, gold and silver.


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=CUU%3ACA&qmodStoryID=6164508312948909 

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8020 Admin

4 months ago

8020 Admin posted a press release Copper Fox Announces Corporate Update on Schaft Creek Joint Venture and Other Projects in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - October 31, 2019) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") is pleased to provide shareholders an update of activities for the Schaft Creek Joint Venture ("SCJV") and its 100% owned Van Dyke and Sombrero Butte copper projects.


Highlights



  • The field portion of the 2019 Schaft Creek program has been completed, field crews have been demobilized, and the camp facilities are now protected for winter.

  • The 2019 Schaft Creek program (see News Release dated April 17, 2019) is expected to be complete by the end of November.

  • The Van Dyke resource update being prepared by Moose Mountain Technical Services ("MMTS") is underway.

  • The 2019 field work on the Sombrero Butte project has identified the source of the chargeability body within the Copper Creek Granodiorite, 47 additional breccia pipes and outlined widespread secondary copper mineralization, typical of a leached porphyry copper system.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "Copper Fox's objectives for 2019 were two-fold, first to work with Teck Resources Limited ("Teck") to complete an in-depth investigation to surface additional value for the 133 ktpd scenario at Schaft Creek and secondly to advance the Van Dyke, Sombrero Butte and Mineral Mountain projects to the next stage of exploration or development. The program at Sombrero Butte has yielded positive results and outlined widespread secondary copper mineralization, porphyry style alterations patterns and a swarm of breccia pipes supporting the presence of a porphyry copper system.


Schaft Creek Joint Venture:
The Schaft Creek copper-gold-molybdenum project is managed through the SCJV. Teck is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25%. The 2019 work program is following the recommendations of the 2018 Sizing and Infrastructure Study by investigating a range of access options, revisions to planned infrastructure, re-locating the tailings management and mill facilities to utilize options that significantly reduce capital and operating costs along with updating permitting options related to the 133 ktpd scenario. The Schaft Creek Joint Venture has upgraded the environmental monitoring stations in place, has collected another full season of baseline environmental data, and continues to work collaboratively with the Tahltan Nation on issues of importance through the existing Communications Agreement.


Van Dyke:
The positive results from the analytical program completed earlier this year indicated the possibility of increasing the soluble copper content of the Van Dyke deposit and certainty in the resource base by upgrading the resource categories for the project. MMTS has been retained to complete the updated resources estimate and have completed a statistical review of the 2019 data base and preliminary shapes for the Oxide and Supergene mineralization. Achieving the objectives of the resource update could provide the possibility of advancing the project to the pre-feasibility stage.


Sombrero Butte:
The mapping and sampling programs have been completed. The source of the chargeability body is attributed to a combination of strong potassic and argillic alteration, the presence of moderate to intense limonitic (after pyrite) veins/fractures and widespread secondary copper mineralization, as would be expected in an oxidized and leached environment. Within the Copper Creek Granodiorite, potassic (K-spar-hydrothermal biotite-magnetite) alteration is surrounded by sericite occurring as envelopes on mineralized structure within the Glory Hole volcanics to the east. Chlorite occurs as an alteration product of hydrothermal biotite and epidote is conspicuously absent. The 47 previously unknown breccia pipes located during the program occur above the interpreted northeast plunging chargeability body and intrude the Copper Creek Granodiorite and Glory Hole volcanics.


Analytical Procedures:
The samples collected to date have been submitted to Skyline Assayers & Laboratories located in Tucson, Arizona. Samples will be crushed to plus 75% -10 mesh, split and pulverized to plus 95% -150 mesh. Sample pulps will be subjected to a multi-acid digest (HNO3, HF, and HClO4) digestion. Analyses will be completed utilizing Skylines analytical package code FA-01 fire assay for gold and code TE-5 a multi-package for base and other trace elements. Metal concentration in samples exceeding the upper limit of detection were assayed for copper using (MEA) and silver (FA-04). Skyline has an ISO/IEC 17025/2005 accreditation.


Quality Control:
Field blanks have been inserted with the samples for which analyses are being reported.


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


About Copper Fox:
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 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 and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at www.copperfoxmetals.com.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


For additional information contact:
Lynn Ball: investor@copperfoxmetals.com
(844) 464-2820 or (403) 264-2820


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding: the 2019 program for the Schaft Creek project being completed by the end of November; surfacing additional value for Schaft Creek's 133 ktpa scenario; obtaining the Van Dyke resource update from Moose Mountain Technical Services; increasing the soluble copper content of the Van Dyke deposit; advancing the Van Dyke project to the pre-feasibility stage; and the characteristics of a porphyry copper system at the Sombrero Butte project.


In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the reliability of historical reports. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.


Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the possibility that the 2019 program for the Schaft Creek may not be completed as contemplated or at all; the in-depth investigation into Schaft Creek's 133 ktpd scenario may not surface additional value; the possibility that an updated resource estimate on the Van Dyke project may not be completed within a reasonable time frame or at all; the work on the Van Dyke project may not increase the soluble copper content of the Van Dyke deposit or advance the project to the pre-feasibility stage; the possibility that the results of the Sombrero Butte program may not represent a buried porphyry system; uncertainties relating to interpretation of the analytical results; the geology, continuity and concentration of the mineralization; the financial markets and the overall economy may deteriorate; the need to obtain additional financing; and uncertainty as to timely availability of permits and other governmental approvals.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49270

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Copper Fox Metals Inc.

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Copper Fox is a Canadian based resource company focussed on value creation through acquisition, exploration and development of potentially low cost, large polymetallic porphyry copper projects in Canada and the United States. Our business model is conservative and guided by technical and economic...

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Copper Fox Metals Inc.

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Copper Fox is a Canadian based resource company focussed on value creation through acquisition, exploration and devel......

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8020 Admin

3 hours ago

8020 Admin posted a press release Copper Fox Announces Re-pricing of $1,800,000 Non-brokered Private Placement in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - March 10, 2020) -  Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") announced today that, due to the recent overall downturn in the public market, the Company intends, subject to the approval of the TSX Venture Exchange, to re-price its non-brokered private placement, that was previously announced in a news release dated February 13, 2020, to raise up to $1,800,000 in gross proceeds (the "Offering"). The re-priced Offering will consist of up to 30,000,000 units (each a "Unit") at a price of $0.06 per Unit. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share for an exercise price of $0.10 during the first 12-month period after the closing of the Offering and $0.12 during the second 12-month period after the closing of the Offering. In the event that the 20-day volume weighted average price of the common shares listed on the TSX Venture Exchange is above $0.15, the expiry date of the Warrants will be accelerated to a date that is 30 days after the first date such threshold is met.


Copper Fox is making the Offering available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, family and close personal friends and business associates of directors and officers of the Company. The Offering is also available to all existing shareholders of Copper Fox who, as of the close of business on February 12, 2020 (the "Record Date"), held shares (and who continue to hold such shares as of the closing date) in accordance with the provisions of the "existing security holder exemption" contained in the various corresponding blanket orders and rules of participating jurisdictions (the "Existing Security Holder Exemption").


The Company advises that there are conditions and restrictions when subscribers are relying upon the Existing Security Holder Exemption, including, among other criteria: (a) the subscriber must be a shareholder of the Company on the Record Date (and still be a shareholder), (b) be purchasing the units as a principal - for his or her own account and not for any other party, and (c) may not purchase more than $15,000 value of securities from the Company in any 12-month period. There is an exception to the $15,000 subscription limit. In the event that a subscriber wishes to purchase more than a $15,000 value of securities, then he or she may do so provided that the subscriber received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer. Subscribers purchasing Units using the Existing Security Holder Exemption will need to represent in writing that they meet the requirements of the Existing Security Holder Exemption. There is no minimum subscription amount. As the Existing Security Holder Exemption contains certain restrictions and is only available in certain jurisdictions in Canada, others that do not qualify under the Existing Security Holder Exemption may qualify to participate under other prospectus exemptions, such as the accredited investor exemption.


Subscriptions will be accepted by the Company on a "first come, first served basis". Therefore, if the Offering is over-subscribed it is possible that a shareholder's subscription may not be accepted by the Company. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions, management reserves the right in its discretion to reduce large subscriptions in favour of smaller shareholder subscriptions.


The Offering is expected to close by March 26, 2020. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used for the proposed acquisition of the Eaglehead project, exploration activities and general and administrative purposes of the Company.


The Offering may include one or more subscriptions by insiders of the Company, which will include a subscription by Mr. Ernesto Echavarria, a director, insider and a control person of the Company (as defined by the policies of the TSX Venture Exchange) of a minimum of 20,000,000 Units.


Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, may constitute a "Related Party Transaction" under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 ("MI 61-101") as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox intends to rely on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders will not exceed 25% of the Company's market capitalization.


About Copper Fox
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 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 and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at http://www.copperfoxmetals.com.


For additional information contact: Investor line 1-844-464-2820 or Lynn Ball, at 1-403-264-2820.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.


Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, without limitation, statements about: the expected size and terms of the Offering and the use of the proceeds therefrom; the anticipated closing time of the Offering; the terms of the subscription agreements to be executed by shareholders relying on the "Existing Security Holder Exemption"; the expected subscription by one or more insiders, including Mr. Echavarria in the Offering; and the exemptions in MI 61-101 intended to be relied upon by Copper Fox in completing the Offering.


In connection with the forward-looking information contained in this news release, Copper Fox has made numerous assumptions. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.


Known risk factors include the possibility that: approval for the Offering will not be obtained from the TSX Venture Exchange; the Offering will not complete at the time or in the amount expected, or at all; Mr. Echavarria will not subscribe for the number of Units currently expected, or at all; and the exemptions intended to be relied upon by Copper Fox under MI 61-101 in completing the Offering may not be available.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53326

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8020 Admin

27 days ago

8020 Admin posted a press release Copper Fox Announces $1,800,000 Non-Brokered Private Placement in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - February 13, 2020) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to raise up to $1,800,000 in gross proceeds (the "Offering"). The Offering will consist of up to 22,500,000 units (each a "Unit") at a price of $0.08 per Unit. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half (1/2) common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase one Common Share for an exercise price of $0.12 during the first 12-month period after the closing of the Offering and $0.15 during the second 12-month period after the closing of the Offering. In the event that the 20-day volume weighted average price of the common shares listed on the TSX Venture Exchange is above $0.20, the expiry date of the Warrants will be accelerated to a date that is 30 days after the first date such threshold is met.


Copper Fox is making the Offering available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, family and close personal friends and business associates of directors and officers of the Company. The Offering is also available to all existing shareholders of Copper Fox who, as of the close of business on February 12, 2020 (the "Record Date"), held shares (and who continue to hold such shares as of the closing date) in accordance with the provisions of the "existing security holder exemption" contained in the various corresponding blanket orders and rules of participating jurisdictions (the "Existing Security Holder Exemption").


The Company advises that there are conditions and restrictions when subscribers are relying upon the Existing Security Holder Exemption, including, among other criteria: (a) the subscriber must be a shareholder of the Company on the Record Date (and still be a shareholder), (b) be purchasing the units as a principal - for his or her own account and not for any other party, and (c) may not purchase more than $15,000 value of securities from the Company in any 12-month period. There is an exception to the $15,000 subscription limit. In the event that a subscriber wishes to purchase more than a $15,000 value of securities, then he or she may do so provided that the subscriber received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer. Subscribers purchasing Units using the Existing Security Holder Exemption will need to represent in writing that they meet the requirements of the Existing Security Holder Exemption. There is no minimum subscription amount. As the Existing Security Holder Exemption contains certain restrictions and is only available in certain jurisdictions in Canada, others that do not qualify under the Existing Security Holder Exemption may qualify to participate under other prospectus exemptions, such as the accredited investor exemption.


Subscriptions will be accepted by the Company on a "first come, first served basis". Therefore, if the Offering is over-subscribed it is possible that a shareholder's subscription may not be accepted by the Company. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions, management reserves the right in its discretion to reduce large subscriptions in favour of smaller shareholder subscriptions.


The Offering is expected to close by March 26, 2020. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used for the proposed acquisition of the Eaglehead project, exploration activities and general and administrative purposes of the Company.


The Offering may include one or more subscriptions by insiders of the Company, which will include a subscription by Mr. Ernesto Echavarria, a director, insider and a control person of the Company (as defined by the policies of the TSX Venture Exchange) of a minimum of 15,000,000 Units.


Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, may constitute a "Related Party Transaction" under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 ("MI 61-101") as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox intends to rely on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders will not exceed 25% of the Company's market capitalization.


About Copper Fox


Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 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 and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at http://www.copperfoxmetals.com.


For additional information contact: Investor line 1-844-464-2820 or Lynn Ball, at 1-403-264-2820.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.


Cautionary Note Regarding Forward-Looking Information


This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, without limitation, statements about: the expected size and terms of the Offering and the use of the proceeds therefrom; the anticipated closing time of the Offering; the terms of the subscription agreements to be executed by shareholders relying on the "Existing Security Holder Exemption"; the expected subscription by one or more insiders, including Mr. Echavarria in the Offering; and the exemptions in MI 61-101 intended to be relied upon by Copper Fox in completing the Offering.


In connection with the forward-looking information contained in this news release, Copper Fox has made numerous assumptions. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.


Known risk factors include the possibility that: approval for the Offering will not be obtained from the TSX Venture Exchange; the Offering will not complete at the time or in the amount expected, or at all; Mr. Echavarria will not subscribe for the number of Units currently expected, or at all; and the exemptions intended to be relied upon by Copper Fox under MI 61-101 in completing the Offering may not be available.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52373

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8020 Admin

29 days ago

8020 Admin posted a press release Copper Fox Announces Agreement to Purchase Eaglehead Copper Property in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - February 10, 2020) - Copper Fox Metals Inc. (TSXV: CUU) (OTC PINK: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that it, through its wholly owned subsidiary, Northern Fox Copper Inc. ("Northern Fox"), has entered into a property acquisition agreement dated February 9, 2020 (the "Agreement") to purchase the 6 contiguous mineral claims totaling approximately 15,956 hectares located in the Liard Mining Division of northern British Columbia that comprise the Eaglehead Property (the "Eaglehead Property") from District Copper Corp. ("District Copper") (TSXV: DCOP) (OTC PINK: CAXPF).


The aggregate consideration to be paid by Northern Fox for the Eaglehead Property is CAD$1.412 million, which will consist of CAD$1.2 million cash payable to District Copper in installments over a three year period, and the assumption by Northern Fox of the reclamation bond for the Eaglehead Property in the amount of CAD$212,000. Under the terms of the agreement, Northern Fox has paid a non-refundable deposit of $50,000 on signing. An additional $150,000 will be paid at Closing and the balance of the purchase price in the amount of $1,000,000 will be payable in three annual installments of $340,000, $330,000 and $330,000 respectively on each anniversary following Closing.


At Closing, District Copper will have received cash payment of $200,000 from Northern Fox and the refund of the CAD$212,000 reclamation bond that District Copper currently has on deposit with the British Columbia Ministry of Energy, Mines and Petroleum Resources.


The Agreement also grants District Copper a 0.5% net smelter return royalty over the Eaglehead Property, half of which can be purchased by Northern Fox for $1,000,000 at any time up until the second anniversary of commercial production on the Eaglehead Property. Northern Fox has retained the right to accelerate the installment payments to District Copper in its sole discretion.


The closing of the transaction contemplated by the Agreement remains subject to the approval of the TSX Venture Exchange. The transaction is a Non-Arm's Length transaction pursuant to TSX Venture Exchange policies and a related party transaction pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Copper Fox is exempt from the valuation and minority approval requirements in MI 61-101 as the fair market value of the Eaglehead Property, as well as the value of the cash to be paid as consideration, does not exceed 25% of Copper Fox's market capitalization.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "The proposed acquisition of the Eaglehead copper project advances Copper Fox's business strategy of the acquisition and exploration and development of potentially large porphyry copper projects in North America while at the same time providing non-dilutive funding to District Copper to continue exploration of its two gold projects in Canada".


Eaglehead Project:


The Project is at an early to intermediate stage of exploration that hosts a calc-alkalic porphyry copper-molybdenum-gold-silver system. The Project is located in the Liard Mining Division in northern British Columbia. Since discovery of the Camp zone in 1963, various exploration activities have been completed by numerous exploration companies including grid-base soil geochemical sampling, modern ground-based and airborne geophysical surveys, 126 diamond drillholes and preliminary metallurgical test work.


Exploration has identified five zones of porphyry style copper-molybdenum-gold-silver mineralization that could be part of the same porphyry copper system and further exploration including diamond drilling would be required to evaluate the porphyry potential of the Project.


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


About Copper Fox


Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX-V: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 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 and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at www.copperfoxmetals.com.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


For additional information contact Lynn Ball at: 
investor@copperfoxmetals.com
(844) 464-2820 or (403) 264-2820


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Information


This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding: the acquisition of the Eaglehead Property; payment of the aggregate cash consideration over a three year period; assumption by Northern Fox of the environmental reclamation bond for the Eaglehead Property; receipt by District Copper of a cash payment and refund amount by Closing; a 0.5% net smelter return royalty for District Copper over the Eaglehead Property; the purchase by Northern Fox of half the 0.5% net smelter return royalty; the acquisition and exploration and development of potentially large porphyry copper projects in North America; the final approval of the transaction by the TSX Venture Exchange; the possibility that the Project contains five zones of porphyry style copper-molybdenum-gold-silver mineralization that could be part of the same porphyry copper system; and further exploration including diamond drilling to evaluate the porphyry potential of the Project.


In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: timely approval of the transaction by the TSX Venture Exchange; and that the geological, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards.


Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: final approval for the transaction may not be obtained from the TSX Venture Exchange; the rights and obligations under the Agreement may not be carried out as currently contemplated; the geology of the Project may not be as previously identified, and further exploration may not proceed as anticipated; fluctuations in copper prices, demand, commodity prices, and currency exchange rates; conditions in the financial markets; the overall economy may deteriorate; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52264

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8020 Admin

1 month ago

8020 Admin posted a press release Copper Fox Announces 2019 Fourth Quarter Operating and Financial Results in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - January 28, 2020) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its audited annual consolidated October 31, 2019 financial statements have been filed on SEDAR.


All of the Company's material subsidiaries are wholly owned, except for District Copper Corp. (formerly named Carmax Mining Corp.) ("District") (TSXV: DCOP), of which the Company owns 24.3% of the outstanding common shares, which is accounted for as an investment in associate.


For the year ended October 31, 2019, Copper Fox had a net loss of $2,626,031 (October 31, 2018 - $1,368,128) which equated to $0.00 loss per share (October 31, 2018 - $0.00 loss per share).


During the year ended October 31, 2019, the Company incurred $665,436 in expenditures toward furthering the development of its Schaft Creek and Van Dyke projects and the exploration of its Sombrero Butte and Mineral Mountain copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR at www.sedar.com, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "the 2019 work has advanced efforts to surface value in the Schaft Creek Joint Venture and significantly advanced the potential of the Arizona copper projects. The Schaft Creek project team investigated the 133 ktpd scenario recommended by the 2018 Sizing and Infrastructure study. On Copper Fox operated projects, the Mineral Mountain and Sombrero Butte copper projects have been advanced to the next stage of exploration and an updated resource estimate for the Van Dyke project is expected in Q2 2020. The Company will continue in 2020 to employ the strategy of "potential maximum value added per dollar invested" to position the Company to take advantage of increases in either M&A activity or copper prices."


2019 Q4 Highlights





















a) At Schaft Creek, the work focused on an in-depth review of the 133 ktpd scenario outlined by the 2018 Sizing and Infrastructure study. At the date of this news release, the final report for the 2019 Schaft Creek work program has not been completed.
b) At Van Dyke, the 2019 program has expanded the dimensions of the mineralized envelope of the copper deposit. The updated resource estimate for the Van Dyke project is expected in Q2 2020.
c) At Mineral Mountain, sampling and mapping outlined two large surface targets each with the potential to host a large porphyry copper deposit. Deep penetrating Induced Polarization geophysical exploration of these targets is required.
d) The Sombrero Butte project has been advanced to the "target testing" stage. Two large surface exploration targets have been delineated in a portion of a Laramide age intrusive stock exhibiting widespread potassic/sericite alteration associated with NNW and ENE trending copper-molybdenum vein sets underlain by positive chargeability anomalies.

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


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=CUU%3ACC&qmodStoryID=6534978823242656 

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8020 Admin

3 months ago

8020 Admin posted a press release Copper Fox Identifies Drilling Targets on Sombrero Butte Copper Project in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - November 28, 2019) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox") are pleased to provide a compilation of the analytical results and field observations from the 2019 program on the Sombrero Butte copper project in Arizona.


The Sombrero Butte property comprises 2,913 acres in the heart of the Laramide age copper porphyry belt in the state of Arizona, USA. The property is located 71 kilometers NE of Tucson, Arizona, and adjoins the Copper Creek porphyry copper deposit located approximately 3 kilometers north. Copper Creek is characterized by an abundance of mineralized breccia pipes exposed in outcrop overlying the porphyry deposit. These breccia pipes are a significant geological feature of the Copper Creek porphyry deposit and other porphyry copper deposits and mines throughout Arizona.


2019 Program Highlights:



  • Analysis from the 199 samples submitted to Skyline Assayers and Laboratories in Tucson, have been received.

  • A new area (600m by 500m) of copper-molybdenum mineralization hosted in the Laramide age Copper Creek granodiorite has been identified.

  • A 1,500m long by 600m wide area of copper-molybdenum mineralization coincides with the chargeability anomaly, a significant portion of which is hosted in the Laramide age Glory Hole Volcanics.

  • The chargeability anomaly and the two areas of copper-molybdenum mineralization show a spatial correlation with the NNW trending Range Front Fault system, consistent with a major porphyry mineralized trend in Arizona.

  • The mineralized structures demonstrate an NNW and ENE trend, consistent with the Laramide mineralized trends in Arizona.

  • The highest copper and molybdenum values occur in grey porphyry dikes with most of the significant copper-molybdenum concentrations occurring in the Laramide age Glory Hole Volcanics,

  • The trace element geochemical data has outlined a zone of potassic alteration that transitions to a pyrite + sericite halo to the east in the Glory Hole Volcanics.

  • The breccia pipes and mineralized structures within the Glory Hole Volcanics indicates upward migration of hydrothermal fluids from a buried porphyry system.

  • Drilling targets have been identified; an application is being prepared for a permit to conduct a drilling program in 2020.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "We are pleased to have achieved our objectives with the exploration work completed so far at Sombrero Butte. We've continued to technically de-risk the property to the point where the results received so far have identified the surface footprint of a large porphyry system and has provided us with the confidence required to establish drillhole locations to test the potential of this copper porphyry system."


Geological Model:


The Sombrero Butte project is underlain by a multi-phase porphyry copper system hosted in the Copper Creek granodiorite. Evolution of the porphyry system resulted in the formation of sulphide mineralization as indicated by the chargeability anomaly and intensity of mineralized veins (formerly pyrite veins) exposed in a portion of the Copper Creek intrusive. Intrusive activity and expulsion of mineralized fluids upwards into the overlying Glory Hole Volcanics resulted in the formation of mineralized dikes, vein/veinlets and breccia pipes and the easterly transition from potassic to pyrite-sericite alteration which support the interpreted down dip extension of the porphyry system to the northeast under the Glory Hole Volcanics. Subsequent uplift and erosion followed by a prolonged period of oxidization and leaching is evidenced by the variable copper-molybdenum concentrations contained in oxidized breccia pipes and mineralized structures exposed in outcrop.


Geology:


The area covered by the 2019 program is underlain by the Copper Creek granodiorite, the eastern extension of which is covered by older Laramide age Glory Hole Volcanics. The 2019 program located several previously unknow outcrops of Copper Creek granodiorite, a significant number of breccia pipes (47) and a series of NNW and ENE trending grey porphyry, dark porphyry, granite porphyry and diorite porphyry dikes.


Mineralization:


The copper-molybdenum mineralization exhibits a strong structural control and occurs in steep and shallow dipping veins and veinlets in two NNW trending zones hosted in Copper Creek granodiorite and Glory Hole Volcanics. Within these two zones, the mineralized structures exhibit prominent NNW and ENE trends. The highest copper-molybdenum concentrations occur in grey porphyry, with the majority of the of the higher copper-molybdenum concentrations occurring within the Laramide age Glory Hole Volcanics. The table below outlines the Median, Mean and Range of Values for copper, molybdenum, gold and silver.


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=CUU%3ACA&qmodStoryID=6164508312948909 

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8020 Admin

4 months ago

8020 Admin posted a press release Copper Fox Announces Corporate Update on Schaft Creek Joint Venture and Other Projects in COPPER FOX METALS INC.

Calgary, Alberta--(Newsfile Corp. - October 31, 2019) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) ("Copper Fox" or the "Company") is pleased to provide shareholders an update of activities for the Schaft Creek Joint Venture ("SCJV") and its 100% owned Van Dyke and Sombrero Butte copper projects.


Highlights



  • The field portion of the 2019 Schaft Creek program has been completed, field crews have been demobilized, and the camp facilities are now protected for winter.

  • The 2019 Schaft Creek program (see News Release dated April 17, 2019) is expected to be complete by the end of November.

  • The Van Dyke resource update being prepared by Moose Mountain Technical Services ("MMTS") is underway.

  • The 2019 field work on the Sombrero Butte project has identified the source of the chargeability body within the Copper Creek Granodiorite, 47 additional breccia pipes and outlined widespread secondary copper mineralization, typical of a leached porphyry copper system.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "Copper Fox's objectives for 2019 were two-fold, first to work with Teck Resources Limited ("Teck") to complete an in-depth investigation to surface additional value for the 133 ktpd scenario at Schaft Creek and secondly to advance the Van Dyke, Sombrero Butte and Mineral Mountain projects to the next stage of exploration or development. The program at Sombrero Butte has yielded positive results and outlined widespread secondary copper mineralization, porphyry style alterations patterns and a swarm of breccia pipes supporting the presence of a porphyry copper system.


Schaft Creek Joint Venture:
The Schaft Creek copper-gold-molybdenum project is managed through the SCJV. Teck is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25%. The 2019 work program is following the recommendations of the 2018 Sizing and Infrastructure Study by investigating a range of access options, revisions to planned infrastructure, re-locating the tailings management and mill facilities to utilize options that significantly reduce capital and operating costs along with updating permitting options related to the 133 ktpd scenario. The Schaft Creek Joint Venture has upgraded the environmental monitoring stations in place, has collected another full season of baseline environmental data, and continues to work collaboratively with the Tahltan Nation on issues of importance through the existing Communications Agreement.


Van Dyke:
The positive results from the analytical program completed earlier this year indicated the possibility of increasing the soluble copper content of the Van Dyke deposit and certainty in the resource base by upgrading the resource categories for the project. MMTS has been retained to complete the updated resources estimate and have completed a statistical review of the 2019 data base and preliminary shapes for the Oxide and Supergene mineralization. Achieving the objectives of the resource update could provide the possibility of advancing the project to the pre-feasibility stage.


Sombrero Butte:
The mapping and sampling programs have been completed. The source of the chargeability body is attributed to a combination of strong potassic and argillic alteration, the presence of moderate to intense limonitic (after pyrite) veins/fractures and widespread secondary copper mineralization, as would be expected in an oxidized and leached environment. Within the Copper Creek Granodiorite, potassic (K-spar-hydrothermal biotite-magnetite) alteration is surrounded by sericite occurring as envelopes on mineralized structure within the Glory Hole volcanics to the east. Chlorite occurs as an alteration product of hydrothermal biotite and epidote is conspicuously absent. The 47 previously unknown breccia pipes located during the program occur above the interpreted northeast plunging chargeability body and intrude the Copper Creek Granodiorite and Glory Hole volcanics.


Analytical Procedures:
The samples collected to date have been submitted to Skyline Assayers & Laboratories located in Tucson, Arizona. Samples will be crushed to plus 75% -10 mesh, split and pulverized to plus 95% -150 mesh. Sample pulps will be subjected to a multi-acid digest (HNO3, HF, and HClO4) digestion. Analyses will be completed utilizing Skylines analytical package code FA-01 fire assay for gold and code TE-5 a multi-package for base and other trace elements. Metal concentration in samples exceeding the upper limit of detection were assayed for copper using (MEA) and silver (FA-04). Skyline has an ISO/IEC 17025/2005 accreditation.


Quality Control:
Field blanks have been inserted with the samples for which analyses are being reported.


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


About Copper Fox:
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 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 and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at www.copperfoxmetals.com.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


For additional information contact:
Lynn Ball: investor@copperfoxmetals.com
(844) 464-2820 or (403) 264-2820


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding: the 2019 program for the Schaft Creek project being completed by the end of November; surfacing additional value for Schaft Creek's 133 ktpa scenario; obtaining the Van Dyke resource update from Moose Mountain Technical Services; increasing the soluble copper content of the Van Dyke deposit; advancing the Van Dyke project to the pre-feasibility stage; and the characteristics of a porphyry copper system at the Sombrero Butte project.


In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the reliability of historical reports. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.


Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the possibility that the 2019 program for the Schaft Creek may not be completed as contemplated or at all; the in-depth investigation into Schaft Creek's 133 ktpd scenario may not surface additional value; the possibility that an updated resource estimate on the Van Dyke project may not be completed within a reasonable time frame or at all; the work on the Van Dyke project may not increase the soluble copper content of the Van Dyke deposit or advance the project to the pre-feasibility stage; the possibility that the results of the Sombrero Butte program may not represent a buried porphyry system; uncertainties relating to interpretation of the analytical results; the geology, continuity and concentration of the mineralization; the financial markets and the overall economy may deteriorate; the need to obtain additional financing; and uncertainty as to timely availability of permits and other governmental approvals.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49270

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