Fox Tungsten Ltd. (TSXV: FOXT) has announced the mobilisation of a fourth drill rig to its 100%-owned Silverboss property in south-central British Columbia, launching a dedicated program targeting the property's molybdenum-copper exploration potential. The new rig joins three already operating at the company's flagship Fox tungsten project, enabling parallel drilling across both properties. The initial focus will be the 10 Mile Creek target, which the company says may host extensions of mineralisation linked to the historic Boss Mountain molybdenum mine located adjacent to Silverboss. Investors may be watching how quickly early results emerge from this expanded two-property drilling campaign.

Key Points

  • Fox Tungsten Ltd. (TSXV: FOXT) is a British Columbia-focused critical minerals company advancing tungsten and polymetallic projects.
  • A fourth drill rig has been mobilised to the Silverboss property to pursue molybdenum-copper exploration, with initial drilling at the 10 Mile Creek target.
  • Three rigs remain active at the flagship Fox tungsten project as part of an ongoing 20,000-metre drill program — the largest in the company's history.
  • Investors may be watching for initial drill results from Silverboss and progress toward a Mineral Resource Estimate and PEA targeted for Q2 2027 at Fox.

Fourth Rig Targets 10 Mile Creek at Silverboss

Fox Tungsten confirmed that drilling at Silverboss will initially concentrate on the 10 Mile Creek target, where the company aims to test potential extensions of mineralisation associated with the historic Boss Mountain molybdenum mine, which sits directly adjacent to the property. The Silverboss project hosts molybdenum, copper, gold, and silver mineralisation, and the company characterises it as an opportunity to build additional portfolio value alongside its flagship Fox tungsten asset. The technical content of the announcement was verified by Patrick McLaughlin, P.Geo, as a Qualified Person under National Instrument 43-101.

Parallel Drilling Strategy Across Fox Tungsten's BC Portfolio

The mobilisation of the fourth rig reflects the company's stated strategy of advancing both Silverboss and the Fox project simultaneously without interrupting its flagship campaign. Three rigs continue operating at Fox as part of a 20,000-metre drill program described as the largest exploration campaign in the company's history. The release states the ongoing Fox program is designed to expand the current mineral resource and support an updated Mineral Resource Estimate and Preliminary Economic Assessment, targeted for completion in the second quarter of 2027.

Fox Project Resource Base and Exploration Scale

The Fox tungsten deposit currently holds an NI 43-101 Mineral Resource Estimate of 582,400 tonnes grading 0.826% WO₃ (Indicated) and 565,400 tonnes grading 1.231% WO₃ (Inferred). The company describes the Fox deposit as remaining open for expansion both laterally and at depth, with the property hosting a tungsten mineral system extending approximately 12 kilometres by 5 kilometres across multiple near-surface high-grade zones. The Fox project is located approximately 75 kilometres northeast of 100 Mile House and benefits from what the company describes as excellent infrastructure access.