Copper Fox Metals - CUU/CPFXF.PK

VANCOUVER, July 11, 2011 /CNW/ - ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to provide its shareholders the results of the recently completed National Instrument 43-101 compliant resource estimate for the Schaft Creek copper-gold-molybdenum-silver deposit located in northwest British Columbia, Canada. The resource estimate was prepared by AMEC Americas Limited ("AMEC") and the National Instrument 43-101 compliant report related to the resource estimation will be filed on SEDAR within 45 days. Highlights of the resource estimate using a 0.20% copper equivalent cut-off (Base Case) are as follows:

Highlights:

1. The Measured mineral resource for the Schaft Creek deposit (at a 0.20% copper equivalent cut-off) is estimated to be 40.3 million tonnes grading 0.36% copper, 0.023% molybdenum and 0.25g/t gold (copper equivalent of 0.61%) containing 319.6 million pounds copper, 20.5 million pounds molybdenum and 0.32 million ounces gold,
2. The Indicated mineral resource for the Schaft Creek deposit (at a 0.20% copper equivalent cut-off) totals 971.2 million tonnes grading 0.27% copper, 0.017% molybdenum and 0.18g/t gold (copper equivalent 0.45%) containing 5.8 billion pounds copper, 363 million pounds molybdenum and 5.5 million ounces gold,
3. The Measured and Indicated mineral resource for the Schaft Creek deposit (at a 0.20% copper equivalent cut-off) totals 1.01 billion tonnes grading 0.27% copper, 0.017% molybdenum and 0.18g/t gold (copper equivalent 0.46%) containing 6.1 billion pounds copper, 383 million pounds molybdenum and 5.8 million ounces gold,
4. The Inferred mineral resource for the Schaft Creek deposit (at a 0.20% copper equivalent cut-off) totals a further 283.6 million tonnes grading 0.24% copper, 0.011% molybdenum and 0.15 g/t gold (copper equivalent 0.39%) containing 1.5 billion pounds copper, 69 million pounds molybdenum and 1.3 million ounces gold,
5. The silver grade of the Schaft Creek deposit is estimated to range between 1 and 2 g/t. The silver content of the deposit has not been included in the resource estimate due to legacy data issues, and
6. This resource estimate reports significantly higher average copper grade in the Measured mineral resource (0.36%) category, the Indicated mineral category (0.27%) and the Inferred mineral resource (0.24%) category compared to the Measured mineral resource category (0.30%), the Indicated mineral category (0.23%) and Inferred mineral resource category (0.14%) set out in the preliminary feasibility study on the Schaft Creek deposit dated September 2008.

Copper Fox Metals Inc. (CUU)