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Copper Fox Announces 2023 First Quarter Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - March 22, 2023) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX:...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces 2023 First Quarter Operating and Financial ResultsCalgary, Alberta--(Newsfile Corp. - March 22, 2023) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to announce that its unaudited interim consolidated January 31, 2023, financial statements have been filed on SEDAR. For the three months ended January 31, 2023, Copper Fox had a net loss of $279,590 (January 31, 2022 - $248,719) which equated to $0.00 loss per share (January 31, 2022 - $0.00 loss per share). During the three months ended January 31, 2023, the Company incurred $134,583 in exploration expenditures primarily furthering the development of the Van Dyke, 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, \"During the Quarter, Copper Fox completed 'stage gate' assessments on (i) completion of a preliminary feasibility study at Van Dyke, (ii) completion of a resource estimation at Eaglehead and (iii) advancing the Mineral Mountain and Sombrero Butte projects with the final objective of reaching the drilling stage. At Van Dyke availability of service providers delayed the planned work program, preliminary results will be announced when received and reviewed. \"The 2022 program at Schaft Creek returned a number of higher-grade mineralized intercepts within the first five-year pit outlined in the 2021 Schaft Creek Preliminary Economic Assessment. The 2023 work program includes geotechnical/metallurgical/resource drilling, metallurgical test work and a shift from quarterly to monthly environmental sampling and is budgeted at $17.2 million an increase of approximately $10 million over the 2022 budget. The 2023 exploration plans for Eaglehead, Mineral Mountain and Sombrero Butte are nearing completion and will be announced when finalized.\"2023 Q1 HighlightsProvided the analytical results for six (6) of the eleven (11)...