Fox Tungsten Ltd. (TSXV: FOXT) has released initial assay results from its fully funded 20,000-metre 2026 drill program at the Fox Tungsten Project in British Columbia, confirming multiple zones of tungsten mineralization at RC South. Highlights include 1.2 metres grading 1.97% WO₃ in hole F26-006 and 8.8 metres grading 0.33% WO₃, including 1.0 metre at 1.94% WO₃, in hole F26-005. The release covers only the first 18 holes of a program that has so far completed approximately 52 holes, with drilling expected to continue to late October 2026.

Key Points

  • Fox Tungsten Ltd. (TSXV: FOXT) is a British Columbia-focused critical minerals company advancing a 100%-owned tungsten project
  • Initial assays from RC South resource expansion drilling confirm high-grade tungsten intervals across multiple holes
  • The 20,000-metre program is the largest drill campaign in the company's history; a PEA is targeted for Q2 2027
  • Over 30 completed holes still have assays pending; a fourth drill is being mobilised to the Silverboss project

RC South Resource Expansion Delivers Multiple High-Grade Tungsten Zones

Resource expansion drilling at RC South has returned broader mineralised intervals containing elevated tungsten grades across several holes. Hole F26-003 intersected 2.1 metres grading 1.43% WO₃ from 34.6 metres, while hole F26-012 returned 7.9 metres grading 0.48% WO₃ from 84.0 metres, including 0.4 metres at 9.63% WO₃. Hole F26-020 intersected multiple zones, including 0.6 metres grading 2.35% WO₃ from 226.5 metres. The company states these results demonstrate a strong geological connection between the BN and RC zones, supporting its resource expansion strategy at the flagship British Columbia project.

Fox North Exploration Target Adds Geological Data Despite Subdued Grades

Exploration drilling at Fox North, located west of the BK Zone at the Fox Tungsten Project, did not return significant tungsten grades in the initial assays. The company states the drilling nonetheless provided valuable geological information from an area it describes as underexplored. Previous work at Fox North had identified multiple intervals containing visible scheelite across several parallel zones. Management notes that the Fox North data will assist in refining future exploration targeting, indicating the area remains part of the company's broader district-scale evaluation of the property's approximately 12-kilometre by 5-kilometre tungsten mineral system.

Scale of 2026 Program Supports Path Toward Updated Mineral Resource Estimate

The 20,000-metre drill program represents the largest exploration campaign in Fox Tungsten's history and is designed to expand the current NI 43-101 Mineral Resource, which stands at 582,400 tonnes grading 0.826% WO₃ (Indicated) and 565,400 tonnes grading 1.231% WO₃ (Inferred). The program is intended to support both an updated Mineral Resource Estimate and a Preliminary Economic Assessment targeted for completion in Q2 2027. With more than 30 holes awaiting assay results and a fourth drill being mobilised to the adjacent Silverboss molybdenum-copper-gold-silver project, the release suggests activity across the company's British Columbia portfolio remains active.