Copper Fox Announces Update on Appeal Period for Judicial Review of Eaglehead Project
August 23 2017 - 6:00AM
Copper Fox Metals Inc.
(“Copper Fox” or the
“Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce
that the appeal period for the decision of the Supreme Court of
British Columbia regarding the judicial review in which petitioners
had challenged a decision of the Chief Gold Commission for the
province of British Columbia in respect of Carmax Mining Corp.’s
(“Carmax”) (TSXV:CXM) Eaglehead Project has expired and that no
appeal has been filed.
The background to the judicial review and the
court’s decision were set out in the Company’s news release dated
July 18, 2017. Subsequent to the court’s decision, the petitioners
had 30 days to file an appeal to the British Columbia Court of
Appeal.
Elmer B. Stewart, President and CEO of Copper
Fox stated, “Copper Fox is pleased that the issue related to the
judicial review has finally concluded. Due to the length of
time taken with this matter, it is not possible to conduct a
meaningful field program for the Eaglehead Project within the
balance of the summer season. Copper Fox intends to complete
a review of the results of all exploration work completed on the
Eaglehead Project over the past three years with the objective of
working with Carmax to establish a 2018 field program”.
Copper Fox, through its wholly owned subsidiary
Northern Fox Copper Inc., owns 65.4% of the issued shares of
Carmax. Carmax is the registered owner of the Eaglehead
project.
About Copper FoxCopper Fox is a Tier 1 Canadian
resource company listed on the TSX Venture Exchange (TSX-V:CUU)
focused on copper exploration and development in Canada and the
United States. The principal assets of Copper Fox and its wholly
owned Canadian and United States subsidiaries, being Northern Fox
Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the
Schaft Creek Joint Venture with Teck Resources Limited on the
Schaft Creek copper-gold-molybdenum-silver project located in
northwestern British Columbia and a 100% ownership of the Van Dyke
oxide copper project located in Miami, Arizona. For more
information on Copper Fox’s other mineral properties and
investments visit the Company’s website at
http://www.copperfoxmetals.com.
On behalf of the Board of Directors
Elmer B. StewartPresident and Chief Executive Officer
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Note Regarding
Forward-Looking InformationThis 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 that: Copper Fox intends
to complete a review of the results of all exploration work
completed on the Eaglehead Project over the past three years with
the objective of working with Carmax to establish a 2018 field
program.
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. 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 other: the review of the exploration results collected over
the past three years for the Eaglehead Project may be delayed or
not completed at all; an exploration program may not be completed
on the Eaglehead Project in 2018 or at all; the need to obtain
additional financing to explore the property and uncertainty as to
the availability and terms of future financing; the possibility of
delay in exploration or development programs or in construction
projects and uncertainty of meeting anticipated program milestones;
uncertainty as to timely availability of permits and other
governmental approvals
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 www.sedar.com. 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.
For additional information contact: Investor line 1-844-484-2820 or Lynn Ball, at 1-403-264-2820.
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