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Copper Fox Announces Updated Mineral Resource Estimate for the Van Dyke Project
Calgary, Alberta--(Newsfile Corp. - March 25, 2020) - Copper Fox Metals Inc. ("Copper Fox" or...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces Updated Mineral Resource Estimate for the Van Dyke ProjectCalgary, Alberta--(Newsfile Corp. - March 25, 2020) - Copper Fox Metals Inc. (\"Copper Fox\" or the \"Company\") (TSXV: CUU) (OTC Pink: CPFXF) and its wholly owned subsidiary Desert Fox Copper Inc. (\"Desert Fox\") are pleased to provide its shareholders with the results of a resource estimate completed in accordance with National Instrument 43-101 (\"NI 43-101\") for the Van Dyke copper project located in the Globe-Miami Mining District, Arizona. The resource estimate was prepared by Moose Mountain Technical Services (\"MMTS\"). The NI 43-101 technical report disclosing the resource estimate will be filed on SEDAR within 45 days. This news release reports Total Recovered Soluble Copper (\"RecCu\") using a 90% recovery for Acid Soluble Copper (\"ASCu\") and variable recovery for Cyanide Soluble Copper (\"CNCu\"). Highlights: 1) Indicated Resource: 97.6 million tonnes, grading 0.33% total copper and 0.24% RecCu containing 717 million pounds of total copper and 517 million pounds of recoverable soluble copper; 2) Inferred Resource: 168.0 million tonnes, grading 0.27% total copper and 0.19% RecCu containing 1.0 billion pounds of total copper and 699 million pounds of recoverable soluble copper;3) The 2019 re-assay program and updated geologic interpretation resulted in a significant increase in contained soluble copper within the Van Dyke copper deposit compared to the 2015 resource estimate; and 4) The mineralized envelope of the Van Dyke copper deposit is open to the south and southwest.Elmer B. Stewart, President and CEO of Copper Fox stated, \"The 2019 work program has increased the confidence level in the project resources and significantly increased the recoverable soluble copper content of the Van Dyke deposit. The 2019 review of historical exploration data combined with the current resource estimation, indicates the deposit could be open to the south and southwest with a possible strike extension of between 1 and 2 kms. Additional drilling will be required to realize this potential and to define the un-explored portions of the Van Dyke deposit.\"Resource EstimateThe effective date of the updated mineral resource estimate is January 9, 2020. Mineral resources are estimated within both a 0.025% RecCu grade shell and a \"reasonable prospects for eve...