Northwire Canada EditionMonday, November 2, 2026
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Gold 3,974.40 +1.9% Silver 51.01 +3.5% Copper 6.57 +1.3% Oil 96.67 −7.2% Palladium 974.00 −1.4% PPX 0.200 −9.1% CDA 0.820 +0.0% SGML 7.74 −18.5% REC 0.075 +36.4% MOLY 1.42 +4.4% NIM 0.610 +1.7% GMX 2.03 +1.5% LEGY 0.800 +0.0% LIB 0.670 +3.1% NOBL 0.075 +0.0% GER 0.005 + BOL 0.055 +0.0% ECR 0.185 −2.6% BBB 0.550 +1.9% WGLD 0.120 +0.0% GLD 0.040 +0.0% Gold 3,974.40 +1.9% Silver 51.01 +3.5% Copper 6.57 +1.3% Oil 96.67 −7.2% Palladium 974.00 −1.4% PPX 0.200 −9.1% CDA 0.820 +0.0% SGML 7.74 −18.5% REC 0.075 +36.4% MOLY 1.42 +4.4% NIM 0.610 +1.7% GMX 2.03 +1.5% LEGY 0.800 +0.0% LIB 0.670 +3.1% NOBL 0.075 +0.0% GER 0.005 + BOL 0.055 +0.0% ECR 0.185 −2.6% BBB 0.550 +1.9% WGLD 0.120 +0.0% GLD 0.040 +0.0%
Drill Results Routine +

Copper Fox Announces Porphyry Copper Discovery and Strong Vectors Toward Core at Mineral Mountain

Copper Fox’s Mineral Mountain drilling confirms a deep porphyry core while the company’s cash runway remains tight amid steady operational burn rates.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 06:01 CUU · 0.59 Copper Fox Metals Inc.
Executive Summary
  • Copper Fox Metals released preliminary results from diamond drillhole DDH MM-02-2025 at its 100% owned Mineral Mountain project in Arizona.
  • The hole intersected a large, evolved porphyry copper-molybdenum system, terminating early at 1,697.35m due to drilling conditions, leaving the system open at depth.
  • Analytical results show grades increasing downhole, with strong geological vectoring indicators toward a higher-grade potassic core.
  • Key intercepts include 896m–1,394m averaging 0.203% Cu and 0.051% Mo, with a high-grade sub-interval (1,365m–1,394m) returning up to 2,032 ppm Cu and 515 ppm Mo.
  • Alteration sequences display classic potassic overprinting by propylitic and phyllic zones, with increasing pyrite, coarse sericite, and quartz veining at depth.
  • Management plans to re-enter the hole to deepen below 1,700m and conduct step-out drilling, alongside locating six new mineral claims to cover the extension.
Material Impact
  • The results are positive and validate the initial discovery from DDH MM-01-2025 (April 2026), confirming a classic porphyry alteration and mineralization sequence.
  • However, this is an expected follow-up to the maiden drilling program announced in October 2025. No new resource estimate, economic study, or financing was disclosed.
  • The market likely already priced in the initial discovery; this update provides incremental geological confidence but does not alter the near-term investment thesis.
  • Prior-period context — not disclosed in today's release: The company reported a Q1 2026 net loss of $242,857 and held $1.31M in cash as of January 31, 2026, following a $3M private placement.
CUU · Price
Company Overview
  • Copper Fox Metals is a growth-oriented copper exploration and development company focused on large, low-cost porphyry copper projects in Canada and the United States.
  • Flagship Project: Van Dyke ISCR Project (Arizona). A 100% owned in-situ copper recovery project at advanced stage. The 2020 PEA projected a 17-year mine life producing 85 million pounds of copper annually, with a post-tax NPV of $644.7M at $3.15/lb Cu and a payback period of 2.1 years.
  • Other Assets: Schaft Creek (25% carried interest JV with Teck Resources), Eaglehead (100%), Sombrero Butte (100%), and Mineral Mountain (100%).
Read the original news release →

More from Copper Fox Metals Inc.

Oct 19, 2026 · 06:00

Copper Fox advances metallurgical testwork at Schaft Creek ahead of the Van Dyke preliminary economic assessment due in the fourth quarter.

Production / Operations Sep 21, 2026 · 19:21

Copper Fox reports a widening Q3 net loss and $614,000 cash burn since July, flagging the need for another capital raise.

Earnings Sep 02, 2026 · 06:01

Copper Fox advances the Van Dyke PEA, secures its Arizona base, and reports incremental progress on the ISCR project.

Production / Operations Aug 06, 2026 · 06:01

Copper Fox reported deep, lean porphyry intercepts with sub-economic grades that are far from the core.

Drill Results Jul 28, 2026 · 17:44

Copper Fox closes a $2.6 million placement with insider participation as exploration advances at its projects.

Financings Jul 24, 2026 · 06:01

Copper Fox initiated permitting steps for drilling at its Sombrero Butte porphyry project in Arizona.

Drill Results