Welcome to our dedicated page for Copper Fox Metal news (Ticker: CPFXF), a resource for investors and traders seeking the latest updates and insights on Copper Fox Metal stock.
Copper Fox Metals Inc. (CPFXF) provides investors with comprehensive updates on its copper exploration projects and strategic developments across North America. This dedicated news hub aggregates official announcements, operational milestones, and financial disclosures related to key assets including the Schaft Creek joint venture and Van Dyke in-situ recovery project.
Users gain access to verified updates about resource estimates, environmental assessments, and partnership developments. The curated collection includes earnings reports, technical study results, and corporate announcements, enabling stakeholders to track progress across multiple jurisdictions including British Columbia and Arizona.
Key updates cover project advancements through exploration phases, joint venture updates with industry leaders, and sustainability initiatives in mineral development. Content is maintained in strict compliance with financial disclosure standards, ensuring reliability for investment research and market analysis.
Bookmark this page for streamlined access to Copper Fox Metals' latest developments in copper exploration and resource development. Check regularly for updates on critical mineral projects positioned to support global electrification and renewable energy infrastructure needs.
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.
Copper Fox Metals, along with its subsidiary Desert Fox Mineral Mountain, has provided an update on its Mineral Mountain Project in Arizona.
The company is seeking a permit to conduct drilling operations at its 2,692.4-hectare porphyry copper property.
The project is located near significant copper deposits, including Rio Tinto and BHP's Resolution deposit.
SWCA Environmental Consultants has been hired to complete the necessary Environmental Assessment (EA) in compliance with NEPA guidelines.
The EA involves literature reviews and field studies covering a 447-acre area, with a focus on endangered species such as the acuña cactus.
The project timeline is approximately four months with an estimated cost of $42,000.
CEO Elmer B. Stewart highlighted the project's potential for discovering a substantial porphyry copper deposit.
Copper Fox, a Canadian exploration and development company, announced that it is unaware of any material changes in its operations that would explain the recent increase in market activity. The company focuses on Tier 1 copper projects in Canada and the US. Its key assets include 100% ownership of the Van Dyke oxide copper project in Miami, AZ, and the Eaglehead polymetallic porphyry copper project in British Columbia, among others. Copper Fox also holds a 25% interest in the Schaft Creek Joint Venture with Teck Resources
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