CUU: Schaft Creek Program Update & Sombrero Butte Plan
What you need to know:• Copper Fox announced the results from the 2024 geotechnical investigations and an update on the 2025 activities at the Schaft Creek Project in BC.
• On July 23rd, CUU provided its exploration plan and model for its 100% owned Sombrero Butte Project in Arizona.
• On July 8th, our team published an interview with President and CEO Elmer Stewart, watch it here.
• We recently initiated coverage on CUU, read the report here.
This week, Copper Fox Metals Inc. (CUU:TSXV, CPFXF:OTC) provided two key updates, one at its flagship Schaft Creek project and one at its 100%-owned Sombrero Butte exploration property. At Schaft Creek, drilling and field activities are now underway, supported by new geotechnical data and metallurgical test work. Interpretation from the 2024 geotechnical program were also published in this release. At Sombrero Butte, CUU released an updated exploration model, identifying a large, evolved porphyry copper-molybdenum target and confirming its potential to advance to a drill-ready stage. We are maintaining our BUY rating and C$0.50/share target price on Copper Fox Metals.
Schaft Creek: 2025 Program Commences
Copper Fox and Teck Resources have launched the 2025 field program at Schaft Creek, consisting of drilling, geophysical surveys (to assess areas for the rock storage facility), conducting archaeological and baseline environmental data collection, and completing the required upgrades to the field camp facilities. Additionally, a compilation of the technical data collected between 2021 and 2024, including metallurgical, geotechnical, archeological, and environmental data, will lead to a review to determine project readiness to progress to the PFS stage.
Program Highlights:
• Drilling has commenced south of the Liard Zone to collect data for the proposed rock storage facility
• Baseline environmental data collection and archaeological investigations
• Continued initiatives to strengthen collaboration and engagement with the Tahltan Nation through the support of education, youth athletics, and cultural training
• Camp upgrades including renewable power supply (solar)
Copper Fox Metals is engaged in the exploration for and development of mining properties in Western Canada.
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