Copper Fox Applauds Advancement of Northwest Power Line Study
April 04, 2008
CALGARY, ALBERTA – April 4, 2008 – Copper Fox Metals Inc. (“Copper Fox”) (TSX Venture: CUU) applauds the recent announcement regarding the commission of an economic viability study for the Northwest Power Line along Highway 37 by the Mining Association of BC and the Northern Development Initiative Trust.”The potential that the power line holds for the region, and projects under development such as Schaft Creek is tremendous”, said Guillermo Salazar S., President of Copper Fox. “Copper Fox is proud to be among the members of the consortium and a contributor to the study. We are confident it will confirm a strong business case for the power line’s development” said Salazar.
Copper Fox commends the leadership demonstrated by the Mining Association of BC and the Northern Development Initiative Trust for advancing the study.
Support for the project is widespread and stands as a testament to the strengths of the project. The contributions of consortium partners such as the Association of Mineral Exploration of British Columbia, First Nations, Governments, Independent Power Producers and local businesses demonstrates the consensus that long-term benefits can be realized by advancing the proposed power line.
For more information on the Mining Association of BC and Northern Development Initiative Trust announcement please go to www.mining.bc.ca, www.nditrust.ca or www.copperfoxmetals.com
About Copper Fox:
Copper Fox is a Canadian-based mining company listed on the TSX-Venture (CUU). The Company has concentrated its project activities exclusively to the Schaft Creek mineral Deposit, one of the largest undeveloped copper, gold, molybdenum and silver deposits in Canada. The preliminary mining plan is designed to extract the core 713.3 million tonnes of a Measured and Indicated, 43-101 compliant, mineral resource grading 0.304% copper, 0.218 g/t gold, 1.77 g/t silver, and 0.020% molybdenum, for a copper equivalent based on Case 2 metal pricing of 0.663% and a waste to ore ratio of 1.66 over 31 years, within the current NI 43-101 Mineral Resource of 1.4 billion tonnes, using a 0.20% CuEq cut off.
Copper Fox holds the property pursuant to an option agreement with Teck Cominco Limited and has earned a direct 70% interest in the Schaft Creek Mineral Deposit. The Company may acquire up to a 93.4% direct and indirect interest in the property. Title to the property is in good standing before the BC Government until 2018.
For additional information contact: Investor inquiries: Jason Shepherd, Phoenix Communications Group Tel: 1-866-913-1910, E-mail: [email protected]
On behalf of the Board of Directors
Guillermo Salazar S, President and CEO
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