Fox Tungsten (TSX-V:FOXT) has intersected visible scheelite mineralisation in all 10 holes drilled to date across its 20,000m program at the Fox Tungsten Project in British Columbia, Canada.
The company has hit scheelite in 100% of exploration holes at Fox North and all seven resource expansion holes at the RC Zone.
Drilling has identified multiple new parallel mineralised zones between 375m and 675m west of the BK Zone at Fox North.
Two diamond drill rigs continue operating on the fully funded program, with initial assay results expected in coming weeks.
CEO Steve Gray says the consistent visible scheelite observations across multiple target areas ‘validate the geological model’.
“Early drilling continues […] with new parallel mineralised zones identified at Fox North and continued expansion of the RC Zone. These observations reinforce our confidence in the scale and continuity of the mineralised system and demonstrate the potential to meaningfully expand the Fox Mineral Resource as the program advances,” Gray notes.
Notable scheelite intersections include 5.7m from 24.2m in hole F26-008 at RC South, 2.9m from 123.2m in hole F26-010 at Fox North, and multiple intervals in hole F26-002 ranging from 0.2m to 1.7m.
The project hosts a current mineral resource of 582,400 tonnes grading 0.826% tungsten trioxide (WO3) indicated and 565,000 tonnes grading 1.231% WO3 inferred.
The 20,000m program is the largest exploration campaign in company history and targets expansion of the current mineral resource.
FOXT plans to complete an updated mineral resource estimate and preliminary economic assessment by Q2 2027.
Fox Tungsten is a Canadian explorer advancing its 100%-owned Fox Tungsten Project in British Columbia, with a diversified metals portfolio that includes copper, molybdenum, zinc, indium, gold, and silver.
Write to JC Villarba at Mining.com.au
Images: Fox Tungsten
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