Preliminary Geometallurgical Model Completed On Van Dyke ISCR Copper Project

CALGARY – Copper Fox Metals Inc. reported through its wholly owned subsidiary Desert Fox Van Dyke Co., results of the Preliminary Geometallurgical Model on its Van Dyke in-situ copper recovery (ISCR) project located in the Globe-Miami Mining District, Gila County, Arizona. The PEA indicates annual production of 85 million pounds of Grade A copper cathode, at full capacity, utilizing the ISCR and solvent extraction and electrowinning (SX/EW) process. The study highlighted the following: 1) Project economics sensitive to copper price. 2) Significant exploration potential to increase resource base. 3) A recommendation to advance the project to prefeasibility study (PFS) stage.
Preliminary Geometallurgical Model (PGM).
The PGM achieved three critical components for developing an updated geometallurgical model to support the completion of a PFS level of investigation by identifying the mineralogical domains (zones) in the Van Dyke deposit, “data gaps” in the project metallurgical results across the deposit and developed recommendations for future metallurgical testing.
Elmer B. Stewart, President and CEO, said, “The PGM has identified the data gaps in the metallurgical coverage across the Van Dyke deposit and recommendations for future sampling to gain greater certainty on the metallurgical variability across the Van Dyke deposit. The PGM is a critical part of the Execution Plan that maps out the scope, timing and estimated cost of the studies required to meet the threshold of a PFS level study.”