Copper Fox Files Positive Feasibility Study on Schaft Creek Project

Copper Fox Files Positive Feasibility Study on Schaft Creek Project 
Feasibility Study Filed on SEDAR 
VANCOUVER, Feb. 4, 2013 /CNW/ - Mr. Elmer Stewart, President and CEO of Copper 
Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to 
announce that Copper Fox has filed a National Instrument 43-101 technical 
report on SEDAR (www.sedar.com), pertaining to the previously announced 
positive Feasibility Study on the Schaft Creek Deposit. The technical report 
is also available on Copper Fox's website (www.copperfoxmetals.com). 
For the highlights of the Feasibility Study, please see release of December 
21, 2012. Copper Fox Metals Inc. - News Releases - Copper Fox Announces a 
Positive Feasibility Study on the Schaft Creek Deposit - Fri Feb 1, 2013 
The Company has delivered a copy of the completed positive Feasibility Study 
to Teck Resources Limited ("Teck"). Teck is reviewing the Feasibility Study 
and is discussing with the Company its earn back options available under the 
"Teck Option Agreement" dated January 1, 2002. There can be no assurance that 
these discussions will lead to Teck exercising any of its earn back options 
nor that the Company and Teck will enter into a definitive joint venture 
agreement as contemplated under the Teck Option Agreement. 
Mr. Stewart stated "The filing of the positive Feasibility Study and 
commencement of our discussions with Teck related to its earn back rights are 
significant milestones for the Schaft Creek project. We look forward to 
these discussions regarding Teck's possible future involvement in the Schaft 
Creek project. In the meantime, the Company will continue its work on the 
Schaft Creek project toward completion of the Environmental Assessment 
Application and establishing the work programs to assess the economic benefit 
to the Schaft Creek project of additional drilling to upgrade the inferred 
resources located within the pit shell and additional metallurgical testwork 
to increase metal recoveries". 
Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Corporation's 
nominated Qualified Person pursuant to National Instrument 43-101, Standards 
for Disclosure for Mineral Projects, has reviewed the technical information 
disclosed in this news release. 
About Copper Fox
Copper Fox is a Canadian based resource development company listed on the 
TSX-Venture Exchange (CUU-TSX-V) with a corporate office in Calgary and an 
operations office in Vancouver. 
The Company announced the results of a Feasibility Study on the Schaft Creek 
Mineral Deposit, on December 21, 2012. Schaft Creek is one of the largest 
undeveloped copper, gold, molybdenum and silver deposits in North America. 
The Feasibility Study was completed by Tetra Tech Wardrop at a nominal 130,000 
tpd open pit mine. 
Copper Fox holds title and a 100% working interest in the Schaft Creek project 
consisting of 56,267.54 hectares (139,040 acres). Included in this total are 
the "Schedule A" mineral tenures originally conveyed to Copper Fox pursuant to 
the Teck Option Agreement, which consist of 8,334.34 hectares (20,594 
acres). The "Schedule A" mineral tenures are subject to a 3.5% Net Profits 
Interest held by Royal Gold, Inc., a 30% carried Net Proceeds Interest held by 
Liard and, together with the additional mineral tenures obtained by Copper Fox 
within the "Area of Interest" provided for in the Teck Option Agreement, an 
earn back option held by Teck. On completion of a "Positive Bankable 
Feasibility Study" (as defined), Copper Fox earns Teck's 78% interest in 
Liard. Teck's earn back option to acquire either, 20%, 40% or 75%, of Copper 
Fox's interest in the Schaft Creek Project is triggered upon delivery of a 
"Positive Bankable Feasibility Study" (as defined) to Teck after which they 
have 120 days to make a decision. Should Teck elect to exercise its option 
for 75%, Teck is required to fund subsequent property "Expenditures" (as 
defined) up to a total of 400% of those incurred by Copper Fox ($85.3 million 
to December 31, 2012) and use its best efforts to arrange for project 
financing, including the Copper Fox portion. For full details of the Teck 
earn back option please refer to the Company's website www.copperfoxmetals.com. 
The remainder of Copper Fox's registered interests in mineral tenures in 
British Columbia total 47,933.19 hectares (118,445 acres). These interests 
have been acquired by Copper Fox through mineral tenure acquisitions and 
mineral tenure purchase agreements subsequent to Copper Fox entering into the 
Teck Option Agreement. Certain portions of these registered mineral tenures 
are subject to inclusion within the Schaft Creek Project pursuant to the terms 
of the "Area of Interest" provisions of the Teck Option Agreement. 
Additionally the Company holds, through its wholly-owned subsidiaries, mineral 
tenures located in Pinal County, Arizona (the 'Sombrero Butte Copper Project') 
and in Miami, Arizona (the 'Van Dyke BLM Claims'). The Sombrero Butte copper 
project consists of 2,887 acres located in the Bunker Hill Mining District, 44 
miles northeast of Tucson and the 35 Van Dyke BLM Claims located to the west 
of the Van Dyke copper deposit in Miami. 
On behalf of the Board of Directors 
Elmer B. Stewart
President & Chief Executive Officer 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of 
the Canadian securities laws. Forward-looking information is generally 
identifiable by use of the words "believes," "may," "plans," "will," 
"anticipates," "intends," "budgets", "could", "estimates", "expects", 
"forecasts", "projects" and similar expressions, and the negative of such 
expressions. Forward-looking information in this news release includes 
statements about the delivery of the Positive Bankable Feasibility Study and 
Feasibility Notice to Teck; the commencement of the 120 day period for which 
Teck may exercise its Back-in Right under the Teck Option Agreement; the 
aggregate incurred Expenditures; the Option to acquire the Indirect Holdings 
in Liard Copper Mines; the activity related to the Schaft Creek project during 
the 120 day period; the completion of the Environmental Assessment 
Application; establishment of work programs; additional drilling; upgrade of 
inferred resources; and additional metallurgical testwork to increase metal 
recoveries. 
In connection with the forward-looking information contained in this news 
release, Copper Fox has made numerous assumptions, regarding, among other 
things, assumptions related to: the due delivery of the positive Feasibility 
Study to Teck pursuant to the Teck Option Agreement; the acceptance by Teck of 
the positive Feasibility Study as a "Positive Bankable Feasibility Study" as 
defined in the Teck Option Agreement; the commencement of the 120 day period 
for Teck to exercise its earn back rights; that Expenditures have been 
incurred in accordance with the Teck Option Agreement and in Company's 
expected quantum. While Copper Fox considers these assumptions to be 
reasonable, these assumptions are inherently subject to significant 
uncertainties and contingencies. Additionally, there are known and unknown 
risk factors which could cause Copper Fox's actual results, performance or 
achievements to be materially different from any future results, performance 
or achievements expressed or implied by the forward-looking information 
contained herein. Known risk factors include, Teck may not accept that the 
delivery of the positive Feasibility Study constitutes delivery of a "Positive 
Bankable Feasibility Study" as defined pursuant to the terms of the Teck 
Option Agreement; the 120 day period that Teck has to exercise its earn back 
rights may not have commenced; the "Expenditures" may not constitute 
Expenditures as defined in the Teck Option Agreement in the quantum 
anticipated by Copper Fox, or at all. Copper Fox may not proceed or continue 
with activity on the Schaft Creek project as currently planned; the 
Environmental Assessment Application may never be completed, or completed to 
the satisfaction of Copper Fox; no additional drilling may occur at the Schaft 
Creek project; current inferred resources may never be upgraded to a higher 
category of resources; additional metallurgical testwork may not be completed, 
nor result in increased metal recoveries; the actual mineralization in the 
Schaft Creek deposit may not be as favorable as suggested; another deposit may 
never be discovered on Copper Fox's properties, or contain anticipated 
mineralization, or mineralization of any significance at all; fluctuations in 
copper, commodity prices and currency exchange rates; uncertainties relating 
to interpretation of drill results and the geology, continuity and grade of 
mineral deposits; the uncertainty of the estimates of capital and operating 
costs, recovery rates, and estimated economic return; the need to obtain 
additional financing to develop properties and uncertainty as to the 
availability and terms of future financing; the possibility of delay in 
exploration or development programs or uncertainty as to timely availability 
of permits and other governmental approvals 
A more complete discussion of the risks and uncertainties facing Copper Fox is 
disclosed in Copper Fox's continuous disclosure filings with Canadian 
securities regulatory authorities at www.sedar.com. All forward-looking 
information herein is qualified in its entirety by this cautionary statement, 
and Copper Fox disclaims any obligation to revise or update any such 
forward-looking information or to publicly announce the result of any 
revisions to any of the forward-looking information contained herein to 
reflect future results, events or developments, except as required by law. 
Investor line 1-866-913-1910 or J. Michael Smith, EVP, at 1-604-689-5080 
SOURCE: Copper Fox Metals Inc. 
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CO: Copper Fox Metals Inc.
ST: British Columbia
NI: MNG  
-0- Feb/04/2013 13:00 GMT
 
 
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