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Copper Fox Provides Corporate Update08.08.2023 | 12:00 Uhr | Newsfile
Calgary, 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 Ltd. ("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. Highlights
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 Mountain and a project wide deep penetrating geophysical survey at Sombrero Butte. The planned programs for the Schaft Creek, Van Dyke and Eaglehead projects are in progress and project updates will be announced when results are received." Qualified Person About Copper Fox For additional information contact: Jason Shepherd at 1-844-464-2820; investor@copperfoxmetals.com. On behalf of the Board of Directors Elmer B. Stewart Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; the speed of field studies; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the Schaft Creek 2023 program may not be completed in full, on time or on budget; the updated mineral resource estimate at Eaglehead may not be completed; the geophysical survey at Mineral Mountain may not provide the results expected; the hyperspectral survey at Sombrero Butte may not provide the results expected; the mineral solubility/mineralogical studies at Van Dyke may not be completed in full or provide results expected; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; fluctuations in commodity prices and demand; currency exchange rates; and uncertainty as to timely availability of permits and other governmental approvals. A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176226 Dieser Artikel stammt von Rohstoff-Welt.de
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