Copper Fox Announces 2024 Second Quarter Operating and Financial Results

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Overig advies 19/06/2024 06:47
Calgary, Alberta--(Newsfile Corp. - June 18, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its unaudited interim consolidated April 30, 2024, financial statements have been filed on SEDAR+.

For the six months ended April 30, 2024, Copper Fox had a net loss of $533,545 (April 30, 2023 - $533,608) which equated to $0.00 loss per share (April 30, 2023 - $0.00 loss per share).

During the six months ended April 30, 2024, the Company incurred $620,331 in exploration expenditures primarily furthering the development of the Van Dyke (Globe-Miami Mining District, AZ), Mineral Mountain (Mineral Mountain Mining District, AZ), Sombrero Butte (Bunker Hill Mining District, AZ) and Eaglehead (Liard Mining District, BC) copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR+ at www.sedarplus.ca, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.

Elmer B. Stewart, President and CEO of Copper Fox stated, "During the Quarter, the Company continued to advance the Van Dyke project toward the prefeasibility study ('PFS') stage and finalized the scope and scale of the permitting process with the Bureau of Land Management ('BLM') to obtain the permits to complete a "maiden" drilling program on the Mineral Mountain porphyry copper project in Arizona. Preliminary results for Sombrero Butte yielded positive results that further support our interpretation of the presence of a large copper porphyry system. The exploration permit at our Eaglehead project was extended by two years and the final payment on the promissory note to District Copper Corp. was completed. see & read more on
https://www.newsfilecorp.com/release/213533/



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