COPPER-GOLD RESOURCE: More than 1B tonnes measured and indicated at Schaft Creek

BRITISH COLUMBIA - The Schaft Creek copper-gold-molybdenum-silver deposit in the northwest part of the province is shaping up to be a big one for owner Copper Fox Metals of Vancouver. The latest 43-101 report put the measured and indicated resource at 1.01 billion tonnes using a 0.20% CuEq cutoff. The material grades 0.27% Cu, 0.017% Mo and 0.18 g/t Au.

The inferred resource totals another 283.6 million tonnes at 0.24% Cu, 0.011% Mo and 0.15 g/t Au.

The Schaft Creek deposit was discovered in the 1950s, and then-owner Teck took it through a pre-feasibility study in the early 1980s. Copper Fox is now working on the feasibility study, and it should be completed during Q4 2011.

Further information about Schaft Creek is posted at www.CopperFoxMetals.com.