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) news covers the company’s copper exploration and development activities in Canada and the United States. As a Canadian resource company focused on copper, Copper Fox regularly reports on technical programs, permitting milestones, economic studies and corporate actions related to its portfolio of projects.
News releases frequently provide updates on the 100% owned Van Dyke in-situ copper recovery (ISCR) project in Arizona, including hydrogeological work, community and permitting activities with the Town of Miami, and plans to update the 2020 Preliminary Economic Assessment and advance toward a prefeasibility study. Investors can also follow detailed technical updates on the Eaglehead polymetallic porphyry copper project in northwestern British Columbia, where geophysical surveys and resource modelling are used to refine the mineralized corridor and prioritize drilling.
Coverage also includes the Schaft Creek copper-gold-molybdenum-silver project in northwestern British Columbia, where Copper Fox holds a 25% interest in a joint venture with Teck Resources Limited. News from Schaft Creek typically addresses diamond drilling, geophysical surveys, environmental baseline studies and geometallurgical testwork as the project moves from scoping-level work toward a PFS stage.
Additional Copper Fox news highlights exploration and drilling plans at the Mineral Mountain and Sombrero Butte porphyry copper projects in Arizona, including maiden drilling programs, new porphyry copper targets, and geological, geochemical and petrographic results. Corporate updates can include financial results, project spending, and warrant-related capital actions. Bookmark this page to monitor ongoing CPFXF project updates, technical results and corporate disclosures as reported by the company.
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.
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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