Copper Fox Advances Van Dyke ISCR Project with PEA Update and Permanent Facility Establishment

Copper Fox Metals Inc. (TSXV: CUU, OTC: CPFXF) (OTCQX: CPFXF) (FSE: HPU), through its wholly owned subsidiary Desert Fox Van Dyke Co., has made significant progress on the updated Preliminary Economic Assessment (PEA) for its 100% owned Van Dyke in-situ copper recovery (ISCR) project. The company aims to advance the past-producing Van Dyke copper mine to the Prefeasibility Study (PFS) stage and restart copper production.

The updated PEA focuses on the Oxide and Transitional zones, which exhibit four mineralogical domains that occur in order of depth. The deposit is covered by a Leach Cap and a thick layer of Gila Conglomerate. A two-phase underground development approach totaling approximately 4,900m of excavation in the Gila Conglomerate is planned.

The use of a roadheader is expected to improve safety and ground stability, eliminating noxious gases associated with traditional drill and blast excavation techniques. Additional ground support includes two layers of shotcrete and Swellex rock bolts. Phase I (years 1-6) covers a higher-grade portion of the deposit and is expected to increase copper production in the early years of mine life.

Elmer B. Stewart, President and CEO of Copper Fox, stated that completion of these front-end activities enables the PEA team to move toward finalizing key operating and cost components for the updated PEA. Trade-off studies have been completed for each phase of the project and are being used to optimize the projected pre- and post-tax economic models using updated copper prices.