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Copper Fox Metals Inc.
Summary
| Project: | Eaglehead | |
|---|---|---|
| Deposit: | Eaglehead | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Molybdenum-Silver | |
| Date: | 5/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-5-2017: Copper Fox Metals Inc. announces a Resource Estimation report for its Eaglehead deposit at the Eaglehead project. JV with Carmax Mining - have not verified Carmax's resource estimates and cannot rely on them. Vancouver, British Columbia – May 3 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Elmer B. Stewart (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – May 30, 2017 – Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V: CUU – OTC: CPFXF) is issuing this news release to clarify and retract certain technical disclosures made by the Company regarding the resource estimates of the Eaglehead coppermolybdenum-gold project located in northern British Columbia (the “Eaglehead Property”). The Eaglehead Property is owned by Carmax Mining Corp. (“Carmax”) (TSX-V: CXM), of which the Company owns 65.4% of the outstanding common shares. On June 29, 2012, approximately two years before Copper Fox became a shareholder of Carmax, Carmax filed a Technical Report regarding the Eaglehead Property (the “Eaglehead Report”). In May 2014, Copper Fox indirectly acquired a 42% equity interest in Carmax, and shortly thereafter Copper Fox began referencing the resource estimates contained in the Eaglehead Report. However, Copper Fox has not independently verified the resource estimates contained in the Eaglehead Report, and therefore the resource estimate should not be relied on until the Company has been able to verify it and support it with a technical report. Accordingly, the Company wishes to retract all disclosure made by it with respect to the mineral resource estimates on the Eaglehead Property. The Company has removed any reference to the resource estimates on its website and other investor relations materials and advises and cautions readers that the retracted disclosure may continue to be found in the public domain. | |
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