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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (24553)	11/7/2006 9:35:36 AM
From: LoneClone	Respond to of 78412

Copper Fox Metals Inc. Announces more Assay Results from its 2006 Drilling Program Tuesday November 7, 9:30 am ET ca.us.biz.yahoo.com CALGARY, Nov. 7 /CNW/ - Copper Fox Metals Inc. (Copper Fox or the Company) (TSX-Venture: CUU) is pleased to announce assay results from three new PQWL holes from this year's drilling program at Schaft Creek in northwestern B.C. These results are outlined below and the company expects further assay results shortly which will be reported as received. These drill holes are from a program designed to confirm grades from historic drilling at Schaft Creek and to collect fresh metallurgical samples. ------------------------------------------------------------------------- Zone DDH From To Length Cu Mo Au Ag No. metres metres metres % % g/t g/t ------------------------------------------------------------------------- Main T80CH133(1) Average 12.2 301.8 289.6 0.33 0.018 0.169 2.7 less than Liard 06CF257 Average 4.6 274.5 269.9 0.29 0.025 0.239 0.5 less than including 15.3 33.6 18.3 0.32 0.014 0.268 0.5 less than and 48.8 189.1 140.3 0.26 0.019 0.221 0.5 less than including 48.8 140.3 91.5 0.23 0.011 0.203 0.5 less than and 140.3 158.6 18.3 0.41 0.030 0.360 0.5 less than and 195.2 244.0 48.8 0.51 0.051 0.501 0.5 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Main 06CF285 Average 3.5 291.0 287.5 0.30 0.025 0.252 1.9 Liard including 54.9 241.0 186.1 0.38 0.028 0.335 1.9 including 119.0 213.5 94.6 0.42 0.037 0.421 1.9 including 134.2 167.8 33.6 0.44 0.040 0.618 2.4 and 176.9 198.3 21.4 0.42 0.040 0.434 1.6 and 204.4 213.5 9.2 0.56 0.033 0.130 1.4 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Paramount T81CH204(1) Average 6.1 121.9 115.8 0.45 0.035 0.249 3.0 06CF288(x) Average 3.8 183.0 179.2 0.57 0.031 0.300 3.4 including 3.8 61.0 57.2 0.72 0.035 0.373 3.4 including 12.2 45.8 33.6 0.88 0.038 0.461 4.4 ------------------------------------------------------------------------- (x) Not complete (1) Historic drill hole for comparison Drill Hole 06CF257 twinned hole number T80CH133. The new results confirm the historic drill hole's copper and molybdenum grades and length of mineralized intersection; whereas gold values are 40% higher. This hole also intersected 48.8 m. grading 0.51% copper, 0.051% molybdenum and 0.501 g/t gold. Drill Hole 06CF285 tested an area of the Main Liard zone that required further detail work. It intersected 287.5 m that assayed 0.30% copper, 0.025% molybdenum, 0.252 g/t gold and 1.9 g/t silver. Drill Hole 06CF288 twinned hole T81CH204. The intersection in the new hole is 63.4 m longer and has significantly higher grade copper (0.57% vs 0.45%) and gold (0.300 g/t vs 0.249 g/t) grades than the original hole. "The Company is pleased with these results as they confirm the historic drill results and continue to exceed our 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 ("CUU"). 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 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 northwestern 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 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 -------------------------------------------------------------------------------- Source: Copper Fox Metals Inc.