Copper Fox Clarifies Technical Disclosure on Eaglehead Project
31 May 2017 - 8:29AM
Copper Fox Metals Inc. (“Copper Fox” or the
“Company”) (TSX-V:CUU) (OTC:CPFXF) is issuing this news
release to clarify and retract certain technical disclosures made
by the Company regarding the resource estimates of the Eaglehead
copper-molybdenum-gold project located in northern British Columbia
(the “
Eaglehead Property”). The
Eaglehead Property is owned by Carmax Mining Corp.
(“
Carmax”) (TSX-V:CXM), of which the Company owns
65.4% of the outstanding common shares.
On June 29, 2012, approximately two years before
Copper Fox became a shareholder of Carmax, Carmax filed a Technical
Report regarding the Eaglehead Property (the “Eaglehead
Report”). In May 2014, Copper Fox indirectly
acquired a 42% equity interest in Carmax, and shortly thereafter
Copper Fox began referencing the resource estimates contained in
the Eaglehead Report. However, Copper Fox has not
independently verified the resource estimates contained in the
Eaglehead Report, and therefore the resource estimate should not be
relied on until the Company has been able to verify it and support
it with a technical report.
Accordingly, the Company wishes to retract all
disclosure made by it with respect to the mineral resource
estimates on the Eaglehead Property. The Company has removed
any reference to the resource estimates on its website and other
investor relations materials and advises and cautions readers that
the retracted disclosure may continue to be found in the public
domain.
Qualified Person: Elmer B.
Stewart, MSc. P.Geo., 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.
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
http://www.copperfoxmetals.com.
For additional information please contact: Lynn
Ball at 1-844-464-2820 or 1-403-264-2820.
On behalf of the Board of Directors
Elmer B. StewartPresident and Chief Executive Officer
Neither 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.
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