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Copper Fox Announces 2023 Schaft Creek Program
Calgary, Alberta--(Newsfile Corp. - March 2, 2023) - Copper Fox Metals Inc.  (TSXV: CUU) (OT...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces 2023 Schaft Creek ProgramCalgary, Alberta--(Newsfile Corp. - March 2, 2023) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to provide its shareholders an outline of the 2023 program for the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. The Schaft Creek project is managed through the Schaft Creek Joint Venture (\"SCJV\"). Teck Resources Limited (\"Teck\") is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest.2023 Program HighlightsAdvancing the project with focus on key areas including Safety, Geoscience and Engineering, Environmental, Communities, and Permitting.Planned expenditures in 2023 are C$17.2 million.Proposed 9,000 m drill program focused on geotechnical data collection.External review of currently envisaged construction timeline and offsite infrastructure costs to reduce initial development costs and payback period, to improve the overall investment case.Collection of geotechnical data in key areas identified during a gap analysis, including the proposed pit highwall, which aim to improve the pit design and life of mine strip ratio to reduce operating costs and associated greenhouse gas emissions.The implementation of an environmental baseline data collection program that is in accordance with envisaged future permit regulatory requirements.Elmer B. Stewart, President and CEO of Copper Fox, stated, \"The emphasis in 2023 will be to advance the Schaft Creek project by augmenting the metallurgical, geotechnical, and environmental data while aligning these activities with the cultural and social traditions of the Tahltan Nation. These activities are focused on continuing the investigations and confirmations of value-add opportunities to allow potential initiation of a future Prefeasibility Study.\"Program SummarySocial:Strengthen and fulfill our commitments included in the Tahltan Nation Communications and Engagement Agreement while seeking further collaboration with the Tahltan Nation on cultural and social traditions initiatives. Environment:In line with the project's revised configuration, timeline, and updated permitting regulatory requirements, planned work will consist of: i) initiation of a 2-year, monthly sampling, and environmental...