Silvore Fox Minerals Corp.
TSX VENTURE : SFX

Silvore Fox Minerals Corp.

January 18, 2011 16:15 ET

Silvore Fox Minerals Drilling Intercepts 39 Metres Grading 0.28% Copper, 0.24 g/t Gold & 4 Metres of 0.303% Moly in Coxheath's "Central Zone"

HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 18, 2011) - Silvore Fox Minerals Corp. (TSX VENTURE:SFX) (the "Corporation") is pleased to announce the results of 2010 Exploration Program at the Corporation's Coxheath Property "Central Zone" located just outside of Sydney, Nova Scotia.

The Corporation's 2010 Exploration Program consisted of diamond drilling, geological mapping, airborne geophysics and trenching in selected areas. The Corporation completed 2,550 metres of drilling in 8 holes with 1,880 samples collected for analysis.

Drilling highlights include the following:

  • 56 metres grading 0.19% copper and 0.10g/t gold in DDH ZK301; 39 metres of 0.28% copper and 0.24g/t gold, 23metres of 0.37% copper and 0.33g/t gold in DDH ZK302

  • 34 metres at 0.039% moly in DDH ZK201, including 4 metres of 0.303% moly.

While mineralization was intersected in all holes, selected results from three holes are highlighted in the following table. Please visit www.silvorefox.com or www.sedar.com for more detailed drilling results.

Hole From (m ) To (m ) Interval
(m) (1
) Cu (% ) Mo (% ) Au (g/t ) Ag (g/t )
ZK301 7   63   56   0.19   0.002   0.10   0.9  
  20   22   2   0.37   0.003   0.61   1.2  
  29   33   4   0.49   0.002   0.21   1.5  
  39   46   7   0.54   0.005   0.17   2.7  
ZK302 2   41   39   0.28   0.001   0.24   1.4  
  2   25   23   0.37   0.002   0.33   1.8  
  52   77   25   0.16   0.001   0.15   1.1  
  74   77   3   0.37   0.004   0.38   1.0  
ZK201 32.5   33.5   1   0.02   0.098   <0.01   <0.5  
  54.5   55.5   1.0   <0.01   0.073   <0.01   <0.5  
  88.5   90.5   2   <0.01   0.104   <0.01   <0.5  
  114.5   148.5   34   <0.01   0.039   <0.01   <0.5  
  115.5   119.5   4   <0.01   0.303   <0.01   <0.5  
 
1. Drill intercept lengths are down-hole lengths.

Trenching was carried out in the Central Zone mainly to enable further detailed mapping of this Zone and to collect a series of surface samples across portions of the targeted zones. Twelve samples graded over 0.1% copper, 3 over 0.01% moly and 6 over 0.1g/t gold were returned from 117 channel samples from 4 trenches in Central Zone.

The Corporation's President Harold J. Cabrita states: "The results of our drilling and detailed mapping were successful in confirming wide-spread mineralization in the Central Zone while the airborne survey has provided confidence in follow-up exploration in additional anomalous areas. It appears that a mineralized zone consisting of a copper-moly belt in the south-central part of the Central Zone surrounded by copper-gold mineralization occupies an area 300m (long) by 250m (width) and reach a depth of 300m based on limited drilling to date. According to our VP Exploration, Dr. Zhenquan Gao, the Property may have the potential for a low grade - high tonnage copper-gold/high grade moly porphyry type deposit.

Quality Control: Fred Bonner, P. Geo., a qualified person as defined by National Instrument 43-101, directly supervised all aspects of the 2010 Exploration Program and has approved the technical aspects of this press release. The Corporation uses a strict procedure for cutting, harvesting and storage of core for analysis and subsequent assay duplication/verification. In addition to laboratory replicate analysis, the Corporation institutes a comprehensive check sample program for data verification, of which results are pending. Analytical details are available on the Corporation's website.

The Corporation, with technical input from Donia, is currently developing the 2011 Exploration Program for the Coxheath Property.

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. is a Bedford, Nova Scotia, Canada based public mineral exploration company with 100% mineral rights to the claims at Coxheath, Cape Breton Island, Nova Scotia (known as the 'Coxheath Deposit'). On November 17th, 2010, Silvore Fox entered into a Strategic Agreement with Beijing Donia Resources at the China International Mining Conference, 2010. Donia is the parent company of Sino Minerals Corp., which currently owns 40.27% of the Corporation. These strategic partnerships provide the Corporation with a strong platform for growth through mineral exploration expertise, funding and strategic acquisitions. SFX has an experienced management and geological team.

The Coxheath deposit model is believed to be analogous to Pacific Rim volcanogenic porphyry copper deposits. Alteration patterns in association with the regional geological setting further suggest a possible model linking the diorite-hosted porphyry-style mineralization at Coxheath and an epitheral system approximately 4km to the east.

Harry Cabrita, President and CEO

Dr. Jingbin Wang, Chairman

NEITHER THE 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.

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