Copper Fox Expands Mineralization at Schaft Creek Project with 2024 Drilling Results

Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) has announced the analytical results from the 2024 geotechnical drilling program at the Schaft Creek project, managed through the Schaft Creek Joint Venture (SCJV) with Teck Resources Limited. The drilling program aimed to collect additional geomechanical, downhole geophysical, structural, and hydrogeological data to generate updated deposit scale hydrogeological and slope stability models. Three of the six geotechnical drillholes intersected significant intervals of mineralization, expanding the mineralized envelope of the deposit to the northwest and intersecting near-surface higher-grade copper-molybdenum mineralization.

The mineralization intersected in DDH SCK-24-472 extended the mineralization in the Paramount zone approximately 250 meters to the north. Analytical highlights include:

* DDH SCK-24-471 intersected a core interval of 134.60m averaging 0.338% copper, 0.037% molybdenum, 0.058 g/t gold, and 0.78 g/t silver, including a higher-grade interval of 63.80m averaging 0.437% copper, 0.066% molybdenum, 0.050 g/t gold, and 1.11 g/t silver.
* DDH SCK-24-472 intersected a core interval of 208.64m averaging 0.253% copper, 0.014% molybdenum, 0.115 g/t gold, and 0.88 g/t silver.
* DDH SCK-24-476 intersected a core interval of 202.60m averaging 0.324% copper, 0.023% molybdenum, 0.044 g/t gold, and 1.68 g/t silver, including a higher-grade interval of 14.40m averaging 0.634% copper, 0.104% molybdenum, 0.092 g/t gold, and 3.48 g/t silver.

The 2024 drilling results provide additional information on the distribution and continuity of the mineralization within the Paramount zone. The mineralization extension in the Paramount zone has potential implications on the project's economics, including an increased resource base, potential changes in the mine plan, and potential impact on metallurgical testwork, environmental assessments, and community engagement. The metallurgical testwork, which is currently underway, may also be influenced by the new mineralized material, potentially leading to changes in the proposed milling flow sheet, mill design, capital expenditures, and throughput.

The 2024 drilling results are a significant step forward for the Schaft Creek project, as they provide valuable data for updating resource estimates and optimizing the project's economics. As the project progresses towards the Prefeasibility Study stage, investors should closely monitor the developments at the Schaft Creek project, as the potential for increased resource base and enhanced project economics could translate into an attractive investment opportunity.

In conclusion, Copper Fox Metals' 2024 drilling results at the Schaft Creek project have expanded the mineralized envelope of the deposit and intersected significant intervals of higher-grade copper-molybdenum mineralization. These results have potential implications on the project's economics and metallurgical testwork, and investors should closely monitor the project's progress as it moves towards the Prefeasibility Study stage.