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Copper Fox expands mineralization at Schaft Creek to the east by over 140 metres

Copper Fox Metals (CVE:CUU) said Tuesday that it has extended high grade mineralization at its Schaft Creek project, located in northwestern British Columbia, to the east of the previous open pit design.

Recent drilling at the deposit, which hosts copper, gold, molybdenum and silver, was conducted on the Paramount zone to test extensions of higher grade mineralization identified in 2010, the company said, along with a large chargeability anomaly found east of Paramount last year.

Two diamond drills are currently working at the site, with a third having arrived over the weekend to accelerate the program.

Highlights so far included diamond drill hole (DDH) CF409-2011, which is located 147 metres east of a 2010 diamond hole, and intersected 0.43% copper, 0.27 grams per tonne (g/t) of gold, 0.04% molybdenum, and 1.70 g/t silver, or 0.81% copper equivalent, over an interval of 154.3 metres.

"The results from the 2011 drilling program including DDH CF409-2011 continues to extend the zone of higher-grade mineralization to the east and demonstrates the mineralized nature of the chargeability anomaly located east of the Paramount zone," said president Elmer B. Stewart.

"The 2011 drilling and assay results to date continue to confirm that the zone of higher-grade mineralization is associated with a 1,200m long by 600m wide chargeability anomaly located to the east of the Paramount zone - the main target of the 2011 drilling program."

Indeed, the company said mineralization on this new area east of Paramount remains open to the east, along strike and at depth.

In addition to this eastern extension, diamond drill hole CF408-2011 expanded mineralization an additional 50 metres west of what was previously known, returning 0.42% copper, 0.07 g/t gold, 0.05% molybdenum, and 2.45 g/t silver, or 0.74% copper equivalent, over a core interval of 76.98 metres.

Copper Fox also said that a Titan-24 survey, which was conducted over the Mike zone, and the recently acquired ES and GK zones north of the Shaft Creek deposit, has been completed, with results expected by the end of the month.

The survey covered 2.8 kilometres of strike length on the Mike and ES zones, and 0.8 kilometres over the GK zone. Meanwhile, results for four more diamond drill holes, which intersected visible copper and molybdenum, are still pending.

Copper Fox holds a 100% working interest in a 24,000 hectare property, which includes the Schaft Creek deposit, subject to certain royalty agreements, a 30% carried interest held by Liard Copper and an earn back option held by Teck Resources to acquire up to 75% of the project.

Currently, Copper Fox is earning a 78% interest in Liard Copper from Teck.