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Copper Fox Provides Update for Mineral Mountain Copper Project01.06.2023 | 12:00 Uhr | Newsfile
Calgary, June 1, 2023 - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to provide the results of ongoing compilation of recently acquired data in advance of the planned geophysical survey on its 100% owned Mineral Mountain project located approximately 25 kilometers (15 miles) east of Florence, Arizona. (See News Release dated April 19, 2023). The survey is expected to commence before the end of June subject to the arrival of the geophysical crew. Highlights of the compilation are set out below: Highlights
Elmer B. Stewart, President, and CEO of Copper Fox, stated, "The compilation and modelling indicates the Mineral Mountain intrusive is more complex than previously thought. Whole rock geochemistry utilizing alkali/silica diagrams indicates proximal alkalic and sub-alkalic intrusive phases containing significantly different copper concentrations suggesting multiple mineralized intrusive phases from an interpreted "cupola" underlying the project consistent with the modelling of the 2022 airborne magnetic survey data." Geological Model The oxidized/supergene process transformed the primary copper mineralization (chalcopyrite-chalcocite) to secondary copper minerals; specifically, malachite, chrysocolla and chalcocite and the magnetite to hematite. The mineralization is hosted in a porphyritic Laramide age intrusive (69.7 +/- 0.4 Ma; U/Pb zircon) associated with strong potassic alteration (Kspar-biotite-magnetite) contained within a broader zone of sericitic-chlorite alteration. Compilation Inflection points in the overlapping copper, molybdenum and 2021 chargeability signatures indicate post-mineralization structural re-adjustment (dextral movement) marked by a strong N trending late-stage dike swarm. The late-stage dike swarm is interpreted to have been emplaced along an interpreted N trending fault zone.
To view an enhanced version of this graphic, please visit: Copper Mineralization Whole Rock Geochemistry QA/QC Elmer B. Stewart, MSc. P. Geol., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release. About Copper Fox On behalf of the Board of Directors Elmer B. Stewart For additional information contact: Jason Shepherd at investor@copperfoxmetals.com or 1-844-464-2820 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the reliability of historical reports. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the geophysical survey may not be completed as planned or at all; the intrusive phases may not be as interpreted; the dimensions and shape of the mineralized areas may not be as estimated; the surface mineralization may not represent porphyry of supergene mineralization or a buried porphyry style mineralization; uncertainties relating to interpretation of the outcrop sampling results; continuity and concentration of the mineralization; the financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty as to timely availability of permits and other governmental approvals. A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168242 Dieser Artikel stammt von Rohstoff-Welt.de
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