Copper Fox Reports 2011 Third Quarter Financial Results and a Corporate Update
Press Release Source: Copper Fox Metals Inc. On Wednesday September 28, 2011, 6:28 pm EDT
VANCOUVER , Sept. 28, 2011 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU.V - News) is pleased to provide an overview of the work completed during the quarter, including exploration, progress with advancing the feasibility study of the Schaft Creek deposit, other activities and its 2011 third quarter financial results. Technical information contained in this news release was previously disseminated by way of news releases and posted on SEDAR at www.sedar.com and on the Company's website at www.copperfoxmetals.com.
Elmer Stewart , President & CEO, stated, "The 2011 drilling program continues to expand the higher-grade copper-gold-molybdenum-silver mineralization in the Paramount zone to the east, along strike and at depth. Based on the geophysical signature, it appears that a considerable portion of the higher-grade zone remains to be tested by diamond drilling. Work on the feasibility study including pit optimization and pit slope design is progressing well. The receipt of the updated resource estimate was a major milestone that allowed our contractors to start the next phase of the feasibility study on the Schaft Creek project. The recently acquired land covers the extensions of the Schaft Creek Mineral Trend and at the same time provides extra land for use in the proposed operations at Schaft Creek".
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