Copper Fox Announces Third Quarter 2015 Results

Copper Fox Metals Inc. (TSXV:CUU) announced today their third quarter results for 2015, highlights include the development of its Van Dyke and Sombrero Butte projects in Arizona.
As quoted in the press release:

Copper Fox had a net loss for the quarter of $484,385 ($0.00 loss per share). For the quarter, the Company incurred $513,291 in expenditures toward furthering the development of its Van Dyke and Sombrero Butte copper projects 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 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 by the Company. All amounts are expressed in Canadian dollars unless otherwise stated.
Quarterly Highlights

• — Teck Resources Limited (“Teck”), as operator of the Schaft Creek Joint Venture (“SCJV”), proposed and the joint venture approved, a $4.8 million program in 2015 to continue the optimization studies commenced in 2014 to advance the Schaft Creek project. The field portion of the 2015 program has been completed. Results are pending.
• — In May of 2015, Copper Fox increased its equity interest in Carmax to 50.97% by way of a private placement. The proceeds of this private placement was used to fund the 2015 exploration program on Carmax’s 100% owned Eaglehead copper-molybdenum-gold project located in northwestern British Columbia. The 2015 program has been completed and results are pending.
• — In the United States, Copper Fox funded Desert Fox’s activities by way of a series of loans to advance the Van Dyke and Sombrero Butte projects. Desert Fox is working toward completion of a Preliminary Economic Assessment (“PEA”) of the Van Dyke project before the end of fiscal 2015 and has completed a Titan-24 DC-IP survey on the Sombrero Butte project.
• — Subsequent to the end of the Quarter, on August 12, 2015, Braden Jensen was appointed Chief Financial Officer of Copper Fox and is now CFO of both Copper Fox and Carmax.

Copper Fox President & Ceo, Elmer B. Stewart, stated:

The work during the Quarter consisted of completing the previously announced work programs for each project. The majority of the results for these programs are pending and will be made public on receipt thereof. We are pleased with the results of the work at Sombrero Butte and expect to complete the Preliminary Economic Assessment for Van Dyke on schedule.

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