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Copper Fox Announces Positive IP Results and Increases Land Position at Mineral Mountain Copper Project22.11.2023 | 12:00 Uhr | Newsfile
Calgary, November 22, 2023 - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") and its wholly owned subsidiary, Desert Fox Mineral Mountain Co., are pleased to announce the results of the deep penetrating geophysical survey utilizing Quantec's ORION 3D Swath DCIP configuration on its 100% owned Mineral Mountain project (the "Project") located approximately 16 miles northeast of Florence, Arizona. Highlights of the survey are set out below: Highlights
Elmer B. Stewart, President, and CEO of Copper Fox, stated, "The results of the IP survey are consistent with the current geophysical model for the oxidized/supergene enriched portion of a Laramide age porphyry copper system in Arizona. The strong positive correlation between the various geoscientific data has identified a near surface drillable target measuring approximately 1,200 m long and 900 m wide that transitions at depth to a significantly larger chargeability signature consistent with the geological/exploration model developed for the Mineral Mountain project." Geological Model Geophysical Study The 2023 geophysical survey has outlined a northeast trending open-ended 3,200 m long by 1,200 m wide chargeability (+18mrad contour) anomaly. Based on the +15mrad chargeability contour, the western, southern, and southeast edges of the anomaly have been defined. The anomaly remains open to the northeast. Figure-1: The +/-350 m below surface 3D model of the northeast trending open-ended anomaly showing the +15mrad and +18mrad chargeability signatures and recently staked mineral claims. The 1,200 m long by 900 m wide chargeability/resistivity signature that comes to surface in an area of the property that contains abundant mineralized porphyry style quartz veins/veinlets and fractures containing secondary (chrysocolla, malachite, chalcocite) copper and molybdenum mineralization hosted primarily in sericitic and to a lesser degree potassic altered phases of the Laramide age intrusive. The lower chargeability/increased resistivity signature is similar to the recent geophysical model of Laramide age porphyry copper deposits in Arizona. Figure-2 and Figure-3 show the chargeability and resistivity pseudo sections for L-2000 that crosses the 1,200 m by 900 m chargeability/resistivity anomaly. The strength of the chargeability signature increases with depth and is interpreted to represent the primary hypogene sulphide zone of a porphyry system. Figure-2: L-2000 chargeability pseudo section, Mineral Mountain project. Figure-3: L-2000 resistivity pseudo section, Mineral Mountain project. Rationale for Land Acquisition The recently acquired lands covers:
Geophysical Survey Procedures The 2D DC and IP inversions were carried out using the UBC DCIP2D inversion codes (Oldenburg and Li, 1994) to produce depth sections of DC resistivity, DC-referenced IP chargeability and HS-referenced IP chargeability to a depth of investigation of 750 m to 800 m. The 3D inversion of the DC and IP data was completed using the UBC 3D inversion codes (Li and Oldenburg, 2000). The full set of 3D Tx-Rx measurements were merged into a single data set and modeled in 3D to produce 3D resistivity and DC-referenced chargeability models. 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: Lynn Ball @ 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 dimensions and shape of the chargeability and resistivity anomalies may not be as estimated; the surface mineralization may not represent buried porphyry style mineralization; uncertainties relating to interpretation of the geophysical results; the geology, continuity and concentration of the mineralization; the financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty of meeting anticipated program milestones; 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.sedarplus.ca. 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/188312 Dieser Artikel stammt von Rohstoff-Welt.de
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