Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

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Re: My talk with Elmer.. Question

almost 12 years ago

in response to sharedealer's message

It starts at 10 meters from the surface.

I estimated 35 meters of good pay dirt to account for elevations and the lack of drilling.

Vancouver, British Columbia - February 3, 2012 - Copper Fox Metals Inc. (TSX-Venture: CUU) is pleased to announce further assay results from four diamond drill holes completed for geotechnical purposes as part of the 2011 drill program and recently completed metallurgical testwork on the Paramount zone of the Schaft Creek deposit. The locations of 2011 drill holes can be viewed on the Copper Fox website at www.copperfoxmetals.com. Highlights are:

Diamond drill hole (DDH) CF419-2011 located in the Liard zone intersected 0.46% copper, 0.41g/t gold, 0.043% molybdenum and 2.15g/t silver (0.96% copper equivalent) over an interval of 110.8m starting at a core length of 10.2m,
DDH CF419-2011 also intersected 0.55% copper, 0.20g/t gold, 0.013% molybdenum and 1.88g/t silver (0.76% copper equivalent) over an interval of 136.7m starting at a core length of 121.0m,
DDH CF417-2011 intersected 0.24% copper, 0.08g/t gold and 1.27g/t silver over a 21m interval starting a core length of 399.0m,
DDH CF423-2011 located 650m west of the Liard zone of the Schaft Creek deposit intersected three significant intervals of copper-silver mineralization, and
Metallurgical testwork on composite samples of the mineralization from the Paramount zone has yielded an average recovery of 89% for copper, 64% for molybdenum, 73% for gold and 58% for silver to a bulk concentrate grading between 31 and 32% copper.

Mr. Stewart, President of Copper Fox stated, "DDH CF419-2011 was drilled for geotechnical purposes in one of the proposed starter pits and intersected significant intervals of higher grade copper mineralization and of note, higher gold and molybdenum values closer to surface. The geotechnical holes DDH CF417-2011 and DDH CF423-2011 have intersected significant intervals of copper mineralization a considerable distance outside the current limits of the Schaft Creek deposit which suggests a considerable amount of additional drilling is required to define the outer limits of the Schaft Creek deposit. Upon receipt of the assay results from the remaining seven diamond drill holes of the 2011 program, expected shortly, the Company will initiate the preparation of an updated "Resource Estimate" to include the results of the 2011 program. The metallurgical test work results for the Paramount zone are very encouraging, showing a high percentage recovery for the various metals including silver."

Diamond Drilling Analytical Results
Three of the four geotechnical drill holes intersected significant copper mineralization. The weighted average grade for the mineralized intervals was estimated using a zero cutoff grade, see table below.

DDH IDDipAzimuthFrom (m)To (m)Interval (m)copper (%)gold (g/t)silver (g/t)molybdenum (%)Cu Eq (%)

CF419-2011	-64	205	10.20	121.00	110.80	0.46	0.41	2.15	0.043	0.96
and	121.00	257.70	136.70	0.55	0.20	1.88	0.013	0.76
CF423-2011	-55	272	63.14	84.80	21.66	0.20	0.05	1.10	0.001	0.24
and	133.00	176.56	43.56	0.37	0.01	1.05	0.002	0.42
and	210.00	219.00	9.00	0.50	0.01	1.07	0.003	0.53
CF417-2011	-70	65	399.00	420.00	21.00	0.24	0.08	1.27	0.007	0.34

DDH CF419-2011: was completed for geotechnical purposes at the south end of the proposed Liard zone starter pit and intersected continuous mineralization starting at a core length of 10.2m to a depth of 257.7m where the mineralization is cut off by a flat lying mylonitic fault zone. Assays of samples from below the mylonite zone yielded background concentrations of all metals. Disseminated and fracture/veinlet controlled chalcopyrite, bornite and molybdenite occur in potassic and phyllic altered andesite. The upper 110.2m of the hole contains significantly higher concentrations of molybdenum and gold.

DDH CF417-2011: was drilled for geotechnical purposes approximately 300m east of the Paramount zone to obtain information for pit slope design purposes. This hole intersected two significant intervals of copper mineralization in andesite. The first interval commences at a core length of 226.0m, is 16m long and contained anomalous concentrations of copper (from 0.01% to 0.13%), gold (0.01 to 0.043 g/t) and silver (0.1 to 0.9 g/t). The second interval is 21m long and contained individual samples of up to 1.9% copper, 0.66g/t gold, 15.6g/t silver and 0.065% molybdenum. These mineralized intervals are interpreted to represent either "leakage zones" from a deeper source or a separate mineralizing event.

DDH CF416-2011: was drilled for geotechnical purposes east of the Paramount zone to obtain information for pit slope design purposes. This hole intersected a 13.8m core length interval starting at 252.1m with significant, anomalous concentrations of copper (from 0.01% to 0.036%), gold (0.014 to 0.164 g/t) and silver (0.1 to 0.8 g/t). Five other narrow intervals of anomalous (> 0.01%) copper concentrations occur throughout this hole.

DDH CF423-2011: was completed for geotechnical purposes approximately 650m west of the Liard zone to test a coincident chargeability anomaly outlined in 2011 and copper mineralization intersected in DDH HAS16 (see news release dated October 17, 2011). The mineralization in this hole is mainly copper-silver with low concentrations of gold and molybdenum which suggest that this mineralization is different from that in the Liard and Paramount zones. The mineralization in this hole is open along strike and at depth.