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Copper Fox Announces 2021 Fourth Quarter Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - February 28, 2022) - Copper Fox Metals Inc.  (TSXV: C...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces 2021 Fourth Quarter Operating and Financial ResultsCalgary, Alberta--(Newsfile Corp. - February 28, 2022) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to announce that its audited annual consolidated October 31, 2021 financial statements have been filed on SEDAR.All the Company's subsidiaries are wholly owned. As of October 31, 2021, the Company owned 23.87% of the outstanding common shares of District Copper Corp. For the year ended October 31, 2021, Copper Fox had a net loss of $861,228 (October 31, 2020 - $537,453) which equated to $0.00 loss per share (October 31, 2020 - $0.00 loss per share). During the year ended October 31, 2021, the Company incurred $1,860,147 in expenditures toward furthering the development of its Schaft Creek and Van Dyke copper projects as well as exploration of its Sombrero Butte, Mineral Mountain and Eaglehead, 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 in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.Elmer B. Stewart, President and CEO of Copper Fox, stated, \"Activities during and subsequent to the Quarter included completion of the Schaft Creek Preliminary Economic Assessment (\"PEA\") resulting in a substantial increase in after-tax valuation of the project (100% basis) and investigating the requirements related to entering the permitting process for the Van Dyke project. The 2021 field program at Eaglehead has significantly upgraded the potential, increased the porphyry footprint and generated high priority targets for drilling in 2022. The first stage of the 2022 programs on our Arizona based exploration projects are expected to commence toward the end of March.\"2021 Q4 Highlights: the Company retained Montgomery & Associates, a water resource consulting firm headquartered in Tucson, Arizona, to complete a data gap analysis of the Van Dyke project in relation to current EPA (Environmental Protection Agency) and ADEQ (Arizona Department of ...