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Copper Fox Announces 2023 Third Quarter Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - September 20, 2023) - Copper Fox Metals Inc. (TSXV: CUU) (OT...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces 2023 Third Quarter Operating and Financial ResultsCalgary, Alberta--(Newsfile Corp. - September 20, 2023) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to announce that its unaudited interim consolidated July 31, 2023, financial statements have been filed on SEDAR. For the nine months ended July 31, 2023, Copper Fox had a net loss of $882,395 (July 31, 2022 - $889,829) which equated to $0.00 loss per share (July 31, 2022 - $0.00 loss per share). As at September 20, 2023 the Company's cash position is approximately $1,785,000.During the nine months ended July 31, 2023, the Company incurred $727,514 in exploration expenditures advancing 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.sedarplus.ca, 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 activities focused on completion of the planned exploration programs on the Van Dyke, Mineral Mountain, Sombrero Butte and Eaglehead projects. Completion of the updated Mineral Resource Estimate at Eaglehead resulted in a significant increase in copper, gold, molybdenum, and silver to the Company's metal balance. In addition, the preliminary results for the studies at Van Dyke, Mineral Mountain and Sombrero Butte have been received and are currently being evaluated. At Schaft Creek, the $17.2 million 2023 program is underway and is focused on collecting data to inform and optimize the pit design, life of mine strip ratio, and to gain a better understanding of the pit slope hydrogeology. The most important take-away from the 2023 program will be the geotechnical data from eight additional drillholes that will be completed in the \"high wall\" of the Schaft Creek deposit. The planned archeological, wildlife, and ecosystem field studies are completed, and the metallurgical and monthly environmental sampling programs are ongoing. Aligning these activities...