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Copper Fox Announces Updated Mineral Resource Estimate for the Eaglehead Project in British Columbia
Calgary, Alberta--(Newsfile Corp. - August 30, 2023) - Copper Fox Metals Inc.  (TSXV: CUU) (...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces Updated Mineral Resource Estimate for the Eaglehead Project in British ColumbiaCalgary, Alberta--(Newsfile Corp. - August 30, 2023) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to announce the results of an updated mineral resource estimate (\"MRE\") on its 100% owned Eaglehead copper-gold-molybdenum-silver porphyry copper project located in northwestern British Columbia. The MRE was prepared by Moose Mountain Technical Services (\"MMTS\") in accordance with National Instrument 43-101 (\"NI 43-101\") standards (May 9, 2016), CIM Definition Standards (May 19, 2014) with guidance from CIM Best Practice Guidelines (November 29, 2019). For reporting purposes, a C$5.50 net smelter return (\"NSR\") is considered the base case for the MRE.Elmer B. Stewart, President and CEO of Copper Fox stated, \"This mineral resource estimate is a key milestone for Eaglehead as it is the first time an indicated mineral resource has been reported on the project. The current pit constrained resource estimate resulted from the geological modelling and compilation completed over the past year and shows a significant increase in project resources when compared to previous historical resource estimates. The spatial distribution of the alteration, mineral zonation, and style of mineralization indicates that the current mineral resource represents the upper level of a potentially much larger, open ended porphyry copper deposit. The zones of porphyry style mineralization are open at depth and along strike and indicates potential to significantly expand the project resource base. The Company is currently evaluating the MRE and plans to use these results to develop a program to continue testing the resource potential of the project.\"Resource EstimateThe MRE for the Eaglehead project, as prepared by MMTS, is summarized in Table 1 below. The effective date of the MRE is August 21, 2023. Parameters used to define the \"reasonable prospects of eventual economic extraction\" pit are summarized in the Notes to Table 1. The NI 43-101 Technical Report disclosing the MRE will be filed on SEDAR+ within 45 days.Table 1: Pit Constrained Mineral Resources for the Eaglehead Project with an effective date of August 21, 2023.In situ GradeIn situ MetalClassNSR CutoffTonnageNSRCuEqCuMoAuAg...