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Copper Fox Announces 2024 First Quarter Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - March 20, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX:...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces 2024 First Quarter Operating and Financial ResultsCalgary, Alberta--(Newsfile Corp. - March 20, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to announce that its unaudited interim consolidated January 31, 2024, financial statements have been filed on SEDAR+. For the three months ended January 31, 2024, Copper Fox had a net loss of $230,877 (January 31, 2023 - $279,590) which equated to $0.00 loss per share (January 31, 2023 - $0.00 loss per share). During the three months ended January 31, 2024, the Company incurred $503,344 in exploration expenditures primarily furthering the development of the Van Dyke (Miami, AZ), Mineral Mountain (Mineral Mountain Mining District, AZ), Sombrero Butte (Bunker Hill Mining District, AZ and Eaglehead (Liard Mining District, BC) 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 consisted of further derisking of the Van Dyke project by Copper Fox and the Schaft Creek project by the Schaft Creek Joint Venture (\"SCJV\"). The SCJV completed the most comprehensive field program completed to date and subsequent to the Quarter-end announced a C$18.7 million program and budget for 2024 to complete the studies required to transition the project from the Scoping to the Prefeasibility Study (\"PFS\") stage by the end of 2024 or early 2025. Completion of the drillhole rehabilitation program at Van Dyke allows the Company to initiate the collection of hydrogeological and water quality data; key data that is required to advance the project to the permitting stage.Exploration activities on our 100% owned Eaglehead, Mineral Mountain and Sombrero Butte projects all yielded positive results. The Company extended the term of the exploration permit by two years on the Eaglehead project by filing a Notification of Deemed Authorization in Feb...