CUU: Further Updates on Schaft Creek & Other Developments
What you need to know:• Copper Fox announced further updates on recent activities at the Schaft Creek copper-gold-molybdenum-silver project in BC.
• Five diamond drill holes were completed in the Liard zone, four of which intersected variable intervals of copper mineralization.
• Other activities including field work and geophysical surveys were completed throughout the season.
• We are increasing our target price on Copper Fox to C$0.60/share (previously C$0.50/share).
This morning, Copper Fox Metals Inc. (CUU:TSXV, CPFXF:OTC) released an update on recent activities at its Schaft Creek project located in northwestern British Columbia. The 2025 field program was completed in mid-September and focused on geotechnical drilling, environmental baseline work, and engineering studies. We remind readers that the project is managed through the Schaft Creek Joint Venture, operated by Teck Resources (TECK.B:TSX), which holds a 75% interest, with Copper Fox holding the remaining 25%. This 25% interest is carried to production, meaning CUU has no cash or capital obligations until production. We are maintaining our BUY rating and increasing our target price to C$0.60/share (previously C$0.50/share) on CUU.
Highlights from the 2025 field program:
• Completed five diamond drill holes totalling 1,797m south of the Liard Zone, with four holes intersecting variable intervals of copper mineralization.
• Conducted 13,310m of Electrical Resistivity Tomography and 6,825m of seismic refraction surveys in areas designated for proposed rock storage facilities.
• Advanced environmental programs, including archeological assessments, and water, glacier, and meteorological studies.
• Continued progress on geometallurgical studies, with interpretation updates underway.
• PFS transition targeted for early 2026, contingent on meeting criteria for risk-adjusted returns within Teck’s capital framework.
Copper Fox Metals is engaged in the exploration for and development of mining properties in Western Canada.
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.