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Copper Fox Announces 2020 Third Quarter Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - September 25, 2020) -  Copper Fox Metals Inc. (TSXV:...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces 2020 Third Quarter Operating and Financial ResultsCalgary, Alberta--(Newsfile Corp. - September 25, 2020) -  Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to announce that its unaudited interim consolidated July 31, 2020 financial statements have been filed on SEDAR. All the Company's material subsidiaries are wholly owned, except for District Copper Corp. (\"District\"), of which the Company owns 24.30% of the outstanding common shares as of September 25, 2020. For the nine months ended July 31, 2020, Copper Fox had a net loss of $845,158 (July 31, 2019 - $5,438,843) which equated to a loss per share of $0.00 (July 31, 2019 - $0.01 loss per share). During the nine months ended July 31, 2020, the Company incurred $221,704 in expenditures toward furthering the development of its Schaft Creek, Van Dyke, Sombrero Butte and Mineral Mountain copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR at www.sedar.com, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained within this news release have previously been announced in preceding news releases. All amounts are expressed in Canadian dollars unless otherwise stated.Elmer B. Stewart, President and CEO of Copper Fox stated, \"The Company continues to experience delays due to the COVID-19 pandemic. During the Quarter activities included preparation of the 2019 Report of Activities for the Schaft Creek Joint Venture, a limited environmental baseline monitoring field program at Schaft Creek and commencement of the Preliminary Economic Assessment for the Van Dyke project. Delays in permitting and receipt of regulatory authorization have affected the timelines on the acquisition of the Eaglehead project, the environmental assessment at Mineral Mountain and the drone magnetic survey at Sombrero Butte.\"Q3 2020 Highlights:The 2019 Report of Activities for the Schaft Creek Joint Venture is expected to be completed by year-end. A limited environmental baseline monitoring field program focusing on Climatology and Hydrology data collection was completed in early September. The Preliminary Economic Assessment of the Van Dyke project to...