Copper Fox Metals Inc. Announces First Assay Results of 2006 Drilling Program and the Discovery of a New High Grade Gold Zone with 19.5 g/t over 15.1 m
Wednesday September 6, 10:37 am ET
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CALGARY, Sept. 6 /CNW/ - Copper Fox Metals Inc. (Copper Fox or the Company) (TSX-Venture: CUU) is pleased to announce the results of the first batch of partial assays from eight holes of this year's drilling program at Schaft Creek in northwest B.C. These results are outlined below and the company expects further results shortly which will be reported as received. These results come from drill holes in a program designed to test historical grades contained in the extensive database accumulated from previous drill programs at Schaft Creek and to collect fresh samples for metallurgical testwork.
"The Company is very encouraged with these results. They confirm the database and continue to exceed expectations. Our current drilling program continues to exceed historical results in several key areas" said Guillermo Salazar, President and CEO of Copper Fox Metals Inc.
Table 1 Drilling Results to Date (2006 Season).
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Zone Hole From To Length Cu Mo Au Ag Remarks
meters meters meters % % g/t g/t
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06CF249 3.8 153.0 149.2 0.64 0.029 0.51 5.7
DDHAS-20 6.1 152.4 146.3 0.59 0.019 No No twinned
Assay Assay hole
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Breccia 06CF250 6.8 86.0 79.2 0.29 0.019 0.275 1.5
Zone DDHAS-23 6.1 85.3 79.2 0.79 0.015 No No twinned
Assay Assay hole
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06CF252 4.6 78.0 73.40 0.44 0.020 0.232 1.9
T81CH179 4.6 78.0 73.4 0.46 0.021 0.332 3.5 twinned
hole
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06CF253 3.3 116.0 112.70 0.62 0.029 0.110 2.3
DDHAS-18 6.1 36.6 30.5 0.56 0.018 No No twinned
Assay Assay hole
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Western 06CF254 5.9 103.70 97.80 0.36 0.013 0.168 3.2
M. T80CH135 15.2 100.6 85.40 0.57 0.008 1.062 18.4 twinned
Liard hole
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06CF251 12.15 102.00 89.85 0.46 0.017 0.739 3.2
H72CH098 12.2 103.632 91.44 0.32 0.004 0.589 2.0 twinned
Main hole
Liard ----------------------------------------------------------------
06CF255 18.5 303.0 284.5 0.33 0.023 1.476 1.8
H70CH059 15.5 335.3 319.7 0.30 0.018 0.332 0.9 twinned
hole
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E. Main 06CF284 6.0 51.9 45.85 0.41 0.013 0.342 2.0
Liard DDH A12 5.8 51.8 46.0 0.61 0.014 No No twinned
Assay Assay hole
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Drill Holes 06CF249, 06CF250, 06CF252 and 06CF253 were drilled into the West Breccia Zone. This zone is a typical breccia with high grade, narrow, quartz veins and stock works following a northerly trending, steeply dipping fault zone along the western edge of the deposit. The similarities in copper grade - see holes 06CF252 and T81CH179 or 06CF253 and DDHAS18 - are expected and the differences - see holes 06CF250 and DDHAS23 - are also expected variations in mineral habit typically found within this type of breccia. The gold grades reported here, (0.739 g/t gold over 89.85 m in 06CF251) together with very significant copper, molybdenum and silver grades were not known to exist in this deposit.
Significant copper values were found in holes 06CF249 (95.1 m. of 0.86% Cu or 24.5 m. of 1.29% Cu), 06CF252 (33.55 m of 0.67% Cu) and 06CF253 (51.94 m. of 1.0% Cu). Gold values of 0.725 g/t over 95.1m in hole 06CF249 are also reported.
Table 2a: West Breccia Zone Results
DDH From To Length Cu Mo Au Ag
meters meters meters % % g/t g/t
06CF249 3.8 153.0 149.2 0.64 0.029 0.51 5.7
or 12.20 578.0 45.8 0.27 0.012 0.167 1.7
and 58.0 153.0 95.1 0.86 0.035 0.725 8.0
or 85.4 125.1 39.7 1.19 0.062 1.295 14.4
or 94.5 119.0 24.5 1.29 0.084 1.744 17.6
or 131.2 153.4 22.3 0.76 0.020 0.385 4.4
06CF250 6.8 86.0 79.2 0.29 0.019 0.275 1.5
or 12.2 86.0 73.8 0.29 0.020 0.292 1.5
which includes 86.0 89.1 3.1 0.41 0.013 0.440 2.4
06CF252 Average 4.6 78.0 73.40 0.44 0.020 0.232 1.9
Average 12.2 78.0 65.80 0.47 0.020 0.248 1.9
which includes 33.55 67.1 33.55 0.67 0.029 0.324 2.8
06CF253 Average 3.3 116.0 112.70 0.62 0.029 0.110 2.3
or 36.6 116.0 79.40 0.70 0.034 0.120 2.5
which includes 64.1 116.0 51.94 1.00 0.043 0.130 3.0
or 85.4 116.0 30.60 1.20 0.055 0.128 3.2
Drill Holes 06CF251, 06CF254 and 06CF255 were drilled into the Main Liard zone. The results from the twinned holes confirm the previously reported values. The high grade gold found (1.476 g/t gold over 284.5 m. in 06CF255) is, once again encouraging. This confirms the presence of previously unknown high grade values in stock work zones within the Main Liard Zone as well as the West Breccia Zone. This hole also uncovered a high grade zone of 15.1 m assaying 0.34% copper, 0,013% Mo, 19.57 g/t gold and 4.1 g/t silver which includes a 2.9 m hole depth assaying 95.0 g/t gold and 14.7 g/t silver. Previously such high precious metal concentrations have not been known to exist in this zone or within the deposit. Although the Company attributes the difference in assay results between hole 06CF255 and its twin H70CH059 to the difference in core recovery and assaying methodology (the Laboratory is conducting two assay ton Fire Assaying for gold), check assays are being undertaken.
Table 2b: Main Liard Zone Results
From To Length Cu Mo Au Ag
meters meters meters % % g/t g/t
06CF251 12.15 102.00 89.85 0.46 0.017 0.739 3.2
Met Sample Ave. 24.4 100.7 76.25 0.48 0.016 0.757 3.2
which includes 21.4 91.5 70.15 0.52 0.017 0.836 3.6
or 39.7 91.5 51.85 0.57 0.016 0.906 3.7
or 39.7 73.2 33.55 0.41 0.013 0.666 2.7
06CF254 Average 5.9 103.70 97.80 0.36 0.013 0.168 3.2
Met Sample Ave. 39.7 94.6 54.90 0.44 0.010 0.181 4.4
which includes 67.1 91.5 24.40 0.60 0.010 0.159 5.2
06CF255 Average 18.5 303.0 284.5 0.33 0.023 1.476 1.8
Met Sample Ave. 173.9 303.0 129.2 0.40 0.033 0.321 1.9
or 18.5 33.6 15.1 0.34 0.013 19.566 4.1
which includes 18.5 21.4 2.9 0.42 0.010 95.000 14.7
and 21.4 33.6 12.2 0.32 0.013 0.708 1.5
Hole 06CF284 was drilled into the East Zone of the Main Liard deposit. It encountered similar grades to those in hole DDHA12.
Company procedure is to have the laboratory send the results directly to its Quality Control person (Mr. Daniel Beauchamp) for his approval of procedures. Once Mr. Beauchamp is satisfied with laboratory procedure and quality of results, they are released to the Company, who reports them to the Public as received.
DRILLING PROGRAM MANAGEMENT
Mr. Keith McCandlish, P. Geol, Manager, Associated Mining Consultants is the designated independent Qualified Person as defined in NI 43-101. Mr. Walter Hanych, P. Geol. is the project manager and Dr. Peter Fischer, Ph.D. (Geology), the geologist. The program includes an extensive quality control program designed and by supervised by Mr. Dan Beauchamp, P. Geol. This is the second year this team has been working with Copper Fox at Schaft Creek.
Guillermo Salazar, Director, President and CEO of Copper Fox Metals Inc. and Qualified Person as defined by NI 43-101 has reviewed and approved the information contained in this news release.
Copper Fox is a Tier 2 Junior Resource Mining Company listed on the TSX-Venture Exchange (CUU). The company is involved in the exploration and development of a copper/gold porphyry project located in North Western B.C. at Schaft Creek. Under the terms of an option agreement negotiated with Teck Cominco Limited, Copper Fox can acquire up to a 94.3% interest in the Schaft Creek mineral resource. For further details please refer to our corporate web site at www.copperfoxmetals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Guillermo Salazar S., P. Geol.
President and CEO
The TSX Venture exchange has not reviewed the contents of this news
release and accepts no responsibility for the adequacy or the accuracy
thereof.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
For further information
Guillermo Salazar at (403) 264-2820 or investor@copperfoxmetals.com, or visit the Company's website at www.copperfoxmetals.com
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Source: Copper Fox Metals Inc. |
