COPPER FOX METALS INC - CPFXF STOCK NEWS

Copper Fox Metals Inc. (OTCQX: CPFXF) and its subsidiary, Desert Fox Sombrero Butte Co., have retained Quantec Geosciences USA Inc. to conduct a comprehensive geophysical survey on the Sombrero Butte project in Arizona.

The survey will utilize the ORION 3D SWATH DCIP and MT configuration, covering approximately 21.9 km with seven N-S oriented lines. The project aims to provide high-resolution resistivity and chargeability imaging of two porphyry copper targets within the Sombrero Butte project. The DCIP survey will utilize a Pole-Dipole-Dipole array configuration with 400m line spacing, while the MT survey will employ a 12-hour continuous sampling period.

The survey, estimated to cost around $300,000, will commence mid-October, pending results from Phase I. Approvals for the Plan of Operations have been received from the Arizona State Land Department and the Bureau of Land Management.

Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) has announced an update on its 100% owned Van Dyke in-situ copper recovery (ISCR) project in Arizona. The company has retained Stantec Consulting Services Inc. to conduct a strategic review and hydrology characterization of the project. The program aims to:

1. Complete a technical review and analysis of existing hydrogeological data
2. Prepare a Conceptual Site Model (CSM)
3. Establish hydrogeological and groundwater data collection requirements compliant with Federal and State regulations

This work is important for updating the hydrogeological model of the Van Dyke project, which is a critical step in advancing it to the preliminary feasibility study (PFS) stage. The program will review three public databases and historical hydrogeological models, utilizing baseline groundwater data from the established piezometer network.

Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) announced its Q3 2024 financial results. The company reported a net loss of $826,730 for the nine months ended July 31, 2024, compared to $882,395 in the same period last year. Copper Fox incurred $825,069 in exploration expenditures during this period, primarily advancing projects in Arizona and British Columbia.

Key highlights include positive results from the Van Dyke geotechnical study, progress in permitting for the Mineral Mountain drilling program, and completion of the field portion of the Schaft Creek Joint Venture's annual program, budgeted at C$18.7 million. The company also completed a non-brokered private placement, raising $1,125,520, and received $900,000 from warrant exercises after the quarter-end.

As of September 24, 2024, Copper Fox's cash position was $1,145,000. The company continues to advance its copper projects, with ongoing metallurgical testing and environmental baseline studies at Schaft Creek expected to be completed in Q4 2024.

Copper Fox Metals Inc. provides an update on the Schaft Creek project, managed through a joint venture with Teck Resources The 2024 program, budgeted at C$18.7 million, focuses on technical investigations and environmental baseline studies. Key highlights include:

1. Completion of a 2,472-meter geotechnical drilling program
2. Extension of mineralization in the Paramount zone by 250 meters
3. Ongoing metallurgical testwork, including lock cycle testing
4. Continuation of environmental baseline data collection
5. Camp upgrades to support future programs

The project aims to progress towards the Prefeasibility Study stage, with a focus on optimizing process plant design and evaluating potential changes to the proposed milling flow sheet.

Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) has provided an update on its Mineral Mountain porphyry copper property in Arizona. The company has completed field portions of environmental reviews required for drilling permits, with an estimated timeline of 4-6 months and cost of US$45,000. Recent sampling has extended the potential strike length of the mineralized trend by approximately 3 km to the northeast. The program identified indicators of porphyry-style mineralization in Targets 1, 2, and 3, with samples showing elevated copper, molybdenum, and silver content. Fertility indices support the porphyry potential of the Laramide age Mineral Mountain intrusive. The property is located within a porphyry copper belt, near major deposits like Rio Tinto and BHP's Resolution project.

Copper Fox Metals has released results from the geotechnical investigation at their Van Dyke ISCR copper project in Arizona. The study, conducted by Call & Nicholas Inc., supports the feasibility of a prefeasibility study (PFS) for the project's decline excavation and well stations. Key findings show that the Gila Conglomerate's geotechnical parameters are suitable, allowing the use of roadheaders for excavation, and recommend shotcrete and rock bolting for ground support. The project will advance with additional investigations and updates to reach the feasibility study (FS) stage.

Copper Fox Metals Inc. (TSXV: CUU, OTCQX: CPFXF) reported a net loss of $533,545 for the six months ending April 30, 2024, mirroring the previous year's results. Exploration expenditures totaled $620,331, primarily advancing its Van Dyke, Mineral Mountain, Sombrero Butte, and Eaglehead copper projects.

Key advancements included progress towards a prefeasibility study for the Van Dyke project and an $18.7 million budget for the Schaft Creek Joint Venture (SCJV), focused on advancing the project to the prefeasibility stage. The company extended the Eaglehead project's exploration permit and completed the final payment on a promissory note to District Copper Corp.

Notable management updates include hiring Fidel Ricardo Montagu Thomas for investor relations and appointing Manuel Gomez Rubio as a director. Financially, Copper Fox ended the quarter with $174,966 in cash, down from $1,368,852 in October 2023.

Copper Fox provided an update on the Schaft Creek project managed by the Schaft Creek Joint Venture (SCJV) in northwestern British Columbia. Teck Resources holds a 75% interest in the SCJV, with Copper Fox holding the remaining 25%. The 2024 program, funded by Teck at C$18.7 million, focuses on technical investigations for open pit design and environmental studies, aligning with the Tahltan Nation's traditions. The program aims to progress towards a Prefeasibility Study stage.

Key initiatives include upgrading camp facilities with solar power, advancing geotechnical drilling, and completing metallurgical studies by Q3 2024. Environmental and archaeological surveys are underway, with enhanced collaboration with the Tahltan Nation. The open pit, designed for a 21-year life, will produce significant copper, gold, molybdenum, and silver. Preliminary findings suggest opportunities for optimizing the processing flowsheet, although further data collection is needed to refine the geotechnical design.

Copper Fox Metals has provided an update on the preliminary mapping results at its 100%-owned Sombrero Butte project in the Bunker Hill Mining District, Arizona. The project focuses on Target #2, featuring a large limonite zone with intense clay alteration. Geological mapping identified several additional breccia pipes and mineralization zones with similarities to the Copper Creek deposit. Notably, 79 additional oxidized breccia pipes were found. CEO Elmer B. Stewart noted that the results suggest a buried porphyry system, though further fieldwork is needed. The findings will guide a deep geophysical survey to better define the chargeability anomalies at Target #1 and Target #2.