Extended Porphyry Trend At Mineral Mountain

CALGARY - Copper Fox Metals Inc. and its wholly owned subsidiary, Desert Fox Mineral Mountain Co. recently completed a sampling program and update on the permitting process. This is related to obtaining a drilling permit on its Mineral Mountain porphyry copper property (2,692.4 ha) located within the Mineral Mountain Mining District, Arizona.

The Mineral Mountain Mining District occurs within a northeast trending porphyry copper belt and is located approximately 25 kilometers ("km") (15 miles) southwest from Rio Tinto and BHP's giant Resolution porphyry copper-molybdenum deposit and approximately 25 km northeast of Taseko's Florence porphyry copper deposit.

The field portions of the archeological, cultural and biological investigations required to complete the Environmental Review (ER) have been completed (see news release dated May 22, 2024). Results are being compiled. The ER and Solicitation of Public Comments on the Plan of Operations is expected to take approximately four to six months to complete with an estimated cost of US$45,000.00. The estimated timeline and costs are subject to change contingent on amendments to the scope of work that could be requested by either Federal or State authorities.

Utilization of "fertility" indices supports the porphyry potential of the Laramide age Mineral Mountain intrusive and has extended the potential strike length of this mineralized trend approximately 3 km to the northeast. Indicators of distal to proximal hydrothermal activity related to porphyry style mineralization have been identified within Targets 1, 2 and 3.

Elmer B. Stewart, President, and CEO, said, "We are pleased with the progress of the Environment Review process and having the baseline data in hand, allows SWCA to transition to compilation and interpretation of the data sets. In addition to advancing the Environmental Review process, our recent work has expanded the porphyry potential of the Mineral Mountain district by at least 3 km to the northeast and suggests the introduction of several phases of molybdenite mineralization during emplacement of the porphyry system."