Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: 2nd Quarter Results are out today

I can't see why this caused the stock price to go up, but they were released today.

Highlights

  • The 2015 work plan for the Schaft Creek Joint Venture (SCJV) budgeted at $4.8 million to continue the optimization studies and to diamond drill test the copper-gold mineralization located in the LaCasse zone was approved. Mobilization for the 2015 Schaft Creek field program was completed in early June.

  • Commenced a Preliminary Economic Assessment ("PEA") on the Van Dyke In-Situ Leach oxide copper depositlocated in Arizona,

  • Copper Fox increased its equity ownership in Carmax Mining Corp. ("Carmax") to 50.97% by way of a $550,000 private placement, and

  • The 2015 exploration program for Carmax's Eaglehead project has commenced. The program consists of re-logging and re-sampling of previously sampled sections and sampling of previously un-sampled sections of the historical drill cores and approximately 1,200m of diamond drilling.

Elmer B. Stewart, President and CEO of Copper Fox stated, "We are very pleased with the overall scope and level of activities of the Company in 2015. This year, Copper Fox will be exposed to approximately $6.2 million in optimization and exploration work which includes the Schaft Creek joint venture and our equity ownership in Carmax while limiting our financial exposure to approximately $750,000 at the Van Dyke project."

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