Business
Copper Fox Provides Corporate Update
Calgary, Alberta--(Newsfile Corp. - August 8, 2023) - Copper Fox Metals Inc.  (TSXV: CUU) (O...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Provides Corporate UpdateCalgary, Alberta--(Newsfile Corp. - August 8, 2023) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to provide an update on project activities including the Schaft Creek project. The Schaft Creek project is managed through the Schaft Creek Joint Venture (\"SCJV\") where Teck Resources Limited (\"Teck\") is the Operator of the SCJV holding a 75% interest with Copper Fox holding the remaining 25% interest. The Schaft Creek copper-gold-molybdenum-silver deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America. The full 2023 Schaft Creek program (see news release dated March 2, 2023) is budgeted at C$17.2 million which is fully funded by Teck, pursuant to the SCJV Agreement.HighlightsThe 2023 Schaft Creek program is in progress with the geotechnical drilling focused on collecting data to inform and improve the pit design, life of mine strip ratio, and to gain a better understanding of the hydrogeology of the area. A total of 1,882 metres of drilling out of the planned 9,000 metre program has been completed.Environmental baseline data collection and community engagement programs are advancing as well at Schaft Creek.The metallurgical testwork portion of the 2023 Schaft Creek program is progressing with results expected by the end of November.Work toward completion of the updated mineral resource estimate at Eaglehead is progressing.Survey results from the airborne Hyperspectral alteration mapping survey on the Sombrero Butte project have been received and are currently being reviewed in conjunction with the project database.At Mineral Mountain, the geophysical survey using the ORION 3D Swath DCIP configuration has been completed. The 3D modelling results of the survey are expected in September. The mineral solubility/mineralogical studies at Van Dyke project have commenced.Elmer B. Stewart, President, and CEO of Copper Fox, stated, \"With completion of the surveys at Mineral Mountain and Sombrero Butte, both Laramide age copper exploration projects in Arizona, it is expected that on conclusion of the interpretation and compilation of the survey results, these projects could transition to the next phase of exploration, being a maiden diamond drill program at Mineral...