Copper Fox Metals finds free gold zone at Schaft Creek
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Monday November 6, 11:00 am ET
CALGARY, Nov. 6 /CNW/ - Further to its news release of September 4, 2006 Copper Fox Metals Inc. (Copper Fox or the Company) (TSX-Venture: CUU) is pleased to announce the results of the "check assays" it requested from the laboratory for hole 06CF255 which confirm the presence of free gold in hole 06CF255, drilled into the Main Liard Zone at the Schaft Creek property.
Check Assaying & Results
By way of background, Company procedure is to have the laboratory use standard fire assay techniques for the determination of gold using a two assay ton sample. When the laboratory originally determined that the value returned for sample 125314 (from hole DDH 06CF255), grading 95 g/t Au and 14.7 ppm Ag, was abnormally high, it completed a check by re-assaying the same sample pulp and returned a check value of 93.1 g/t Au. When Copper Fox received these results, it decided to report the original value as reported by the laboratory and immediately initiated a sample checking procedure following standard industry procedures (check assays).
The lab was asked to create new pulps for sample 125314 and to perform additional check assays (following the standard two assay ton fire assay procedure for gold assaying). A total of five assays were performed on pulps from sample 125314, including two pulps looking for free gold. The +150 mesh portion of one of these pulps returned an assay of 83.95 g/t gold. This demonstrated to the Company's satisfaction that there is free gold in this sample, and that a 'nugget effect' (as usually defined in the mining industry) should be recognized in this area of the Schaft Creek deposit.
The five new gold check assay results from sample 125314 are: 95.0, 93.0, 8.86, 0.47 and 0.54 g/t. For the purpose of its database and at the recommendation of Mr. D.A. Beauchamp, P. Geol., the project's Qualitative Analysis and Quality Control Person, the Company decided to amend the reporting of this 3.05 metre interval as averaging 3.29 g/t Au (the average of the three lower results), thus discarding the two higher values but not ignoring the presence of free gold.
Ten other pulps were also re-assayed for copper, molybdenum and silver following standard atomic absorption methods to confirm that determinations following standard Induced Coupled Plasma techniques were reliable. Assaying for copper, molybdenum and silver for the two methods used - Induced Coupled Plasma and Atomic Absorption - are, indeed, reporting consistently comparable results and are considered reliable. The revised significant assay results from DDH 06CF255 are shown in Table No. 1.
Table 1: Main Liard Zone Results - DDH 06CF255 - REVISED
From To Length Cu Mo Au Ag
Metres metres metres % % g/t g/t
06CF255 Average REV 18.5 303.0 284.5 0.33 0.023 0.304 1.8
or REV 18.5 33.6 15.1 0.34 0.013 0.594 4.1
which includes (REV) 18.5 21.4 2.9 0.42 0.010 0.304 14.7
and REV 21.4 33.6 12.2 0.32 0.013 0.708 1.5
Basal Till Sampling
During the 2005 drilling program it was noticed that core recoveries of the overburden immediately above bedrock were good and that this material was mineralized. Upon further review, it was decided to sample those sections of till that could be identified as "basal till" and interpreted to represent material that had not undergone significant transport. The samples were analyzed following standard procedures which included a two assay ton fire assay for gold and an assay quality 25 element Induced Coupled Plasma.
Table 2 shows the results of this till sampling to date. Highlighted in bold numbers are anomalous gold, copper and molybdenum values detected. The results also demonstrate an absence of arsenic (As), antimony (Sb) and Cadmium (Cd) and abundant Calcium (Ca), all of which management interpret as an indication of the benign nature of the deposit.
Table 2: Basal Till Sampling
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Drill From To Au Cu Mo Ag
Hole m. m. g/mt % % ppm
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05CF234 7.62 9.15 0.01 0.02 (less than)0.01 (less than)0.5
05CF234 9.15 12.20 (less than)0.01 0.01 (less than)0.01 (less than)0.5
05CF234 12.20 13.11 (less than)0.01 0.01 (less than)0.01 (less than)0.5
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05CF235 7.67 9.15 0.02 0.02 (less than)0.01 (less than)0.5
05CF235 9.15 11.28 0.01 0.01 (less than)0.01 (less than)0.5
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05CF236 1.52 5.49 0.06 0.07 (less than)0.01 (less than)0.5
05CF237 3.66 5.49 0.69 0.35 0.04 1.8
05CF238 4.57 5.49 0.12 0.12 (less than)0.01 (less than)0.5
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05CF239 1.83 3.05 0.01 0.01 (less than)0.01 (less than)0.5
05CF239 3.05 6.10 (less than)0.01 0.01 (less than)0.01 (less than)0.5
05CF239 6.10 9.15 (less than)0.01 0.01 (less than)0.01 (less than)0.5
05CF239 9.15 12.20 0.01 0.01 (less than)0.01 (less than)0.5
05CF239 12.20 15.24 (less than)0.01 0.01 (less than)0.01 (less than)0.5
05CF239 15.24 16.16 0.02 0.03 (less than)0.01 (less than)0.5
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05CF240 5.95 6.10 0.01 0.02 (less than)0.01 (less than)0.5
05CF241 2.90 3.05 0.05 0.06 (less than)0.01 (less than)0.5
05CF242 4.57 4.88 0.14 0.12 (less than)0.01 (less than)0.5
05CF243 3.66 4.57 0.15 0.20 0.02 (less than)0.5
05CF244 2.90 3.05 0.07 0.15 (less than)0.01 (less than)0.5
05CF245 3.05 3.35 0.11 0.24 (less than)0.01 (less than)0.5
05CF246 3.05 3.51 0.14 0.44 (less than)0.01 0.8
05CF247 4.57 4.88 0.07 0.13 (less than)0.01 6.4
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05CF248 6.10 9.15 0.05 0.12 (less than)0.01 (less than)0.5
05CF248 9.15 12.20 0.14 0.16 0.01 0.6
05CF248 12.20 15.24 0.14 0.18 0.01 0.8
05CF248 15.24 18.29 0.15 0.27 (less than)0.01 0.8
05CF248 18.29 21.34 0.31 0.30 0.01 1.2
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Drill Sb As Bi Cd Ca
Hole ppm ppm ppm ppm ppm
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05CF234 (less than)5 (less than)5 (less than)2 (less than)0.2 53,929
05CF234 (less than)5 (less than)5 (less than)2 (less than)0.2 55,813
05CF234 (less than)5 (less than)5 (less than)2 (less than)0.2 51,871
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05CF235 (less than)5 (less than)5 (less than)2 (less than)0.2 55,081
05CF235 (less than)5 (less than)5 (less than)2 (less than)0.2 57,583
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05CF236 (less than)5 (less than)5 (less than)2 (less than)0.2 37,274
05CF237 (less than)5 (less than)5 (less than)2 (less than)0.2 32,639
05CF238 (less than)5 (less than)5 (less than)2 (less than)0.2 24,571
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05CF239 (less than)5 (less than)5 (less than)2 (less than)0.2 52,441
05CF239 (less than)5 (less than)5 (less than)2 (less than)0.2 54,863
05CF239 (less than)5 (less than)5 (less than)2 (less than)0.2 59,735
05CF239 (less than)5 (less than)5 (less than)2 (less than)0.2 55,119
05CF239 (less than)5 (less than)5 (less than)2 (less than)0.2 49,986
05CF239 (less than)5 (less than)5 (less than)2 (less than)0.2 48,481
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05CF240 (less than)5 (less than)5 (less than)2 (less than)0.2 59,662
05CF241 (less than)5 (less than)5 (less than)2 (less than)0.2 34,601
05CF242 (less than)5 (less than)5 (less than)2 (less than)0.2 57,704
05CF243 (less than)5 (less than)5 (less than)2 (less than)0.2 38,018
05CF244 (less than)5 (less than)5 (less than)2 (less than)0.2 31,215
05CF245 (less than)5 (less than)5 (less than)2 (less than)0.2 38,780
05CF246 (less than)5 (less than)5 (less than)2 (less than)0.2 24,144
05CF247 (less than)5 (less than)5 (less than)2 (less than)0.2 48,038
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05CF248 (less than)5 (less than)5 (less than)2 (less than)0.2 46,886
05CF248 (less than)5 (less than)5 (less than)2 (less than)0.2 44,705
05CF248 (less than)5 (less than)5 (less than)2 (less than)0.2 46,525
05CF248 (less than)5 (less than)5 (less than)2 (less than)0.2 43,916
05CF248 (less than)5 (less than)5 (less than)2 (less than)0.2 40,796
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2006 Field Season
The 2006 field season at Schaft Creek is rapidly coming to a close. Copper Fox re-opened its camp in early June and completed base camp renovations; the first drill arrived on the property in early July; and the continuation of its PQWL drilling program was started with diamond drill hole 06CF249 on July 12, 2006. To October 23, the Company has drilled a total of 5,299.9 metres in 25 PQWL holes and 3,707.7 metres in 17 HQWL holes. The PQWL holes are large diameter holes drilled for the collection of a bulk metallurgical sample to be processed later this year. To the end of the season, a total of 4,186.9 metres of PQWL has been drilled into the Liard and West Breccia Zones, 1,112.9 metres into the Paramount Zone and 3,707.7 metres of HQWL into the higher grade areas within the Liard Zone.
To date, during this drilling season, the Company has shipped a total of 2,286 assay samples weighing 68,580 pounds and 894 metallurgical samples weighing 53,640 pounds.
As discussed earlier, the Company commenced procedures for check and assay re-check following the high grade intersections reported in its last News Release dated September 4, 2006 which resulted in a delay in the reporting of new assays. We expect to release this backlog as expeditiously as possible.
Table No. 3 is a listing of all holes drilled and competed this year.
Table 3: Copper Fox Metals - 2006 Drilling Program
<<
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Hole Survey Hole
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CUU
Hole Date Core Historical Information Depth
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Number Started Size DDH ID Angle AZ Feet
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06CF249 Jul 12 PQWL DDHAS-20 -55 90 500
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06CF250 Jul 14 PQWL DDHAS-23 -55 90 280
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06CF252 Jul 15 PQWL T81CH179 -90 - 250
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06CF253 Jul 10 PQWL DDHAS-18 -55 90 380
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06CF254 Jul 16 PQWL T80CH135 -90 - 350
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06CF251 Jul 22 PQWL T81CH098 -90 - 330
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06CF255 Jul 26 PQWL H70CH050 -69 90 994
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06CF256 Aug 11 PQWL T81CH169 -90 - 994
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06CF257 Aug 05 PQWL T80CH133 -90 - 906
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06CF258 Aug 01 PQWL H69CH047 -65 90 797
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06CF259 Sep 14 PQWL T81CH183 -90 - 1,024
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06CF260 Sep 19 PQWL T81CH194 -90 - 551
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06CF261 Sep 21 PQWL H68CH032 -65 270 699
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06CF262 Sep 26 PQWL H69CH045 -75 270 738
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06CF264 Oct 10 PQWL C243 -65 90 880
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06CF265 Oct 16 PQWL C243 -60 270 836
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06CF268 Sep 30 PQWL SO-2 -75 270 700
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06CF269 Oct 4 PQWL H71CH086 -50 90 659
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06CF284 Jul 17 PQWL DDHAS-12 -80 90 900
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06CF285 Aug 08 PQWL T80CH133 -70 90 954
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06CF286 Sep 02 PQWL T81CH203 -90 - 699
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06CF287 Sep 06 PQWL T81CH203 -60 90 800
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06CF288 Aug 29 PQWL T81CH204 -90 - 600
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06CF289 Sep 11 PQWL T80CH206 -90 - 600
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06CF290 Aug 14 PQWL T80CH124 -70 90 954
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06CF263 Oct 14 HQWL H71CH072 -45 90 699
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06CF266 Sep 22 HQWL C245 -60 90 399
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06CF267 Sep 24 HQWL C245 -60 270 295
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06CF272 Sep 29 HQWL C247 -60 45 994
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06CF273 Sep 25 HQWL C247 -80 45 994
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06CF274 Oct 2 HQWL T155 -60 90 994
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06CF275 Oct 5 HQWL T155 -60 270 1300
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06CF276 Oct 11 HQWL H101 -60 90 1200
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06CF277 Oct 14 HQWL H101 -60 270 1102
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06CF270 Oct 14 HQWL T220 -60 270 748
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06CF271 Oct 19 HQWL T220 -60 90 699
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06CF278 Oct 10 HQWL H83-50S -90 - 502
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06CF279 Oct 6 HQWL H37 -60 270 550
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06CF280 Oct 4 HQWL T160-50mS -90 - 600
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06CF281 Oct 1 HQWL H97 -90 - 550
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06CF282 Sep 29 HQWL T157-50W -90 - 394
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06CF283 Sep 26 HQWL A18+50N -90 - 394
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>>
About Copper Fox Metals Inc.
Copper Fox is a Canadian based Junior Natural Resource mining company listed on the TSX-Venture exchange trading under the symbol (CUU). The Company is focused on the acquisition of advanced exploration and or near production precious and base metal deposits. The Company holds an option agreement with Teck Cominco Limited to acquire up to a 93.4% direct and indirect (carried) interest in the Schaft Creek copper-gold-molybdenum property in northwest British Columbia, Canada.
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.
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 information 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 information includes disclosure regarding possible, future events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. For any forward looking information given, management has assumed that the assay results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.
For further information
Jason Shepherd, investor relations, at telephone (250) 717-1910, Email cfmi@telus.net, or visit our web site at copperfoxmetals.com
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Source: Copper Fox Metals Inc. |
