Copper Fox Announces Corporate Update

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 25, 2016) – Copper Fox Metals Inc. (TSXV:CUU)is pleased to provide its shareholders with an update of corporate activities.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “In 2016 Copper Fox has exposure to approximately $2.2 million in expenditures on the Schaft Creek and Eaglehead projects located in British Columbia. Work on the Van Dyke, Sombrero Butte and Mineral Mountain copper projects has yielded positive results. At Van Dyke, several revised cost estimates have been received that suggest the cost of the pre-feasibility study (“PFS”) can be reduced significantly. The work on Sombrero Butte and Mineral Mountain indicates strong support of the porphyry copper potential on each of the projects.”
Highlights:

1. On the Schaft Creek project, the resource modelling on the Schaft Creek deposit is expected to be completed in the fourth quarter 2016.
2. On the Van Dyke project, a review of the permitting process and the proposed additional metallurgical testwork has reduced the estimated cost of the recommended PFS by $US800,000.
3. On the Sombrero Butte project, the annual option payment has been re-scheduled from $US260,000 over two years ($US130,000/year) to $US240,000 over six years ($US40,000/year).
4. On the Sombrero Butte project, recent work indicates that three different phases of mineralization occur in the breccia pipes and the chargeability anomaly is hosted in the Copper Creek intrusive (Laramide age). The Copper Creek intrusive occurs within an interpreted 2km wide, north plunging “Horst”.
5. On the Mineral Mountain project, a number of historical exploration reports have been obtained and are under review.
6. On the Eaglehead project, Carmax Mining Corp. is working toward completion of its 2016 exploration program.

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