World News: 11:00 GMT Friday 14th September 2018. [Copper Fox Metals Inc. via Globe Newswire via SPi World News]
CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. is pleased to provide its shareholders an update on activities on its various projects.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “The main focus in 2018 for the Schaft Creek project is a multi-disciplinary approach to the project by investigating various sizing and investment scenarios (milling and open pit) with the objective of enhancing the value of the project. The work completed at Mineral Mountain has expanded the “footprint” of the porphyry style mineralization/alteration and identified the regional structural setting of the porphyry targets. The next phase of the work is intended to advance the project by better delineating the structural setting and extent of the porphyry copper mineralization/alteration identified to date.”
Elmer B. Stewart, MSc. P. Geol., President and CEO of Copper Fox, is the Company’s non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.
On behalf of the Board of Directors
Elmer B. StewartPresident and Chief Executive Officer
This news release contains “forward-looking information” within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “budgets”, “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions.
Forward-looking information in this news release include statements about: a phased development approach to the Schaft Creek project that targets potential capital, operating and sustaining cost reductions and a higher-grade initial starter pit and identifying other opportunities to improve project economics; a follow-up sampling program on Target #2 at the Mineral Mountain project commencing in early October and an airborne (magnetic and radiometric) geophysical survey for the project; investigating various sizing and investment scenarios (milling and open pit) with the objective of enhancing the value of the Schaft Creek project; better delineating the structural setting and extent of the porphyry copper mineralization/alteration identified at Mineral Mountain to date; and announcing the results of the work program completed on District Copper’s Eaglehead project.
In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; the speed of field studies; the reliability of historical reports; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Copper Fox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: studies and work programs on the Schaft Creek, Mineral Mountain, and Eaglehead projects may not proceed within the expected timeframes, as planned, or at all; uncertainties relating to interpretation of the previous results; the overall economy may deteriorate; the need to obtain additional financing; uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs; fluctuations in copper prices and demand; currency exchange rates; and conditions in the financial markets.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at . All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Globe Newswire: 11:00 GMT Friday 14th September 2018
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