The first quarter release has some valuable (maybe not new) info.

Copper Fox Announces First Quarter Results


Copper Fox Metals Inc. ('Copper Fox' or the 'Company') (TSX VENTURE:CUU) is pleased to announce its first quarter operating and financial results. Copper Fox had a net loss for the quarter of $182,095 ($0.00 income per share). The Company also incurred $769,718 in expenditures toward furthering the development of its Van Dyke copper project in Arizona. Copies of the financial statements, notes and related management discussion and analysis may be obtained on SEDAR at www.sedar.com, the Company web site atwww.copperfoxmetals.com or by contacting the Company directly. All amounts are in Canadian dollars unless otherwise stated.


Highlights:


Schaft Creek Project


During the quarter, the results for the 2013 program were released. Although the 2013 field program completed fewer metres than planned, the objectives of the 2013 program were essentially achieved. The objectives of this program were to determine if the mineralization in the Paramount zone continues to the east under Mount LaCasse and to collect additional data for pit slope stability studies. The diamond drilling program demonstrated that the mineralization in the Paramount zone extends at least 300m east of the 2012 resource block model and also marginally to the west. Results of the pit slope studies were also positive.


The 2014 plans for the Schaft Creek project are currently under review and should be finalized by the end of March 2014, well in advance of the time to complete a field program. Preliminary indications are that the Operator of the Schaft Creek Joint Venture plan to recommend a program of optimization studies as well as a field program to update the geological model and better define certain parameters of the Schaft Creek deposit.


Van Dyke Copper Project


During the quarter, the Company initiated a program to verify the historical results from the Van Dyke oxide copper deposit that consists of a 5,000m (approximately nine holes) diamond drilling program to twin seven historical drill holes, as well as submitting pulps from original drill core samples and splitting the mineralized core interval for certain historical drill holes. Results of the analytical work is expected shortly.


The proposed verification drilling program covers an 800m wide by 500m long section through the deposit. Applications for the various permits required to conduct a diamond drilling program has commenced and selection of a diamond drill contractor is complete. The drilling is expected to start in March 2014.


Sombrero Butte Copper Project


Desert Fox's objective on the Sombrero Butte project is to assess its potential to host a large porphyry copper-molybdenum deposit. The results of the 2013 program were positive and identified the alteration pattern and veinlet and disseminated copper-molybdenum mineralization characteristic of a porphyry copper system. Currently, Desert Fox is collecting all the data from the historical exploration conducted over this area since the mid 1960's. Contingent on completion and review of this work, Desert Fox plans to complete a deep penetrating geophysical survey (Induced Polarization) to identify chargeability/resistivity anomalies indicative of porphyry copper systems. The Company has received the permit from the State of Arizona to conduct the Titan-24 Survey.


Selected Financial Results



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Net (loss)/income per
Net Loss share - basic and diluted
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2014
First Quarter $ (182,095) $ 0.00
2013
Fourth Quarter $ (636,715) $ 0.00
Third Quarter $ 3,117,445 $ 0.01
Second Quarter $ (697,664) $ 0.00
First Quarter $ (525,595) $ 0.00
2012
Fourth Quarter $ (812,324) $ 0.00
Third Quarter $ (1,328,328) $ 0.00
Second Quarter $ (514,292) $ 0.00
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Liquidity and Capital Resources


At January 31, 2014, the Company had working capital of $12,149,874, a deficit of $16,017,886 and had a net loss of $182,095 for the three months ended January 31, 2014.


About Copper Fox


Copper Fox is a Canadian resource development company listed on the TSX-Venture Exchange (TSX VENTURE:CUU) with offices in Calgary, Alberta and through its wholly owned subsidiary Desert Fox, an office in Miami, Arizona.