Fox Tungsten Mobilizes Fourth Drill Rig to Advance Exploration at Silverboss Property
Fox Tungsten mobilizes its fourth rig to the Silverboss project as its 20,000-meter drilling program advances into the fourth quarter.
Fox Tungsten Ltd. has mobilized a fourth drill rig to its 100%-owned Silverboss property in south-central British Columbia. The new rig initiates a dedicated drilling program targeting molybdenum-copper potential at the 10 Mile Creek area, adjacent to the historic Boss Mountain mine.
The company maintains three drill rigs operating at its flagship Fox project, continuing its fully funded 20,000-metre exploration campaign. The Fox drilling program aims to expand the current NI 43-101 resource, which comprises 582,400 tonnes Indicated @ 0.826% WO₃ and 565,400 tonnes Inferred @ 1.231% WO₃, and support a Preliminary Economic Assessment (PEA) targeted for Q2 2027.
Management views Silverboss as a portfolio value-add opportunity, capitalizing on encouraging exploration targets while keeping the core Fox program on track.
Fox Tungsten Ltd. (FOXT) has mobilized a fourth drill rig, a direct execution step of the 20,000-metre program announced on June 25, 2026, which explicitly allocated approximately 10% of the budget to Silverboss exploration. This operational follow-up confirms management is adhering to the announced timeline and budget.
There is no change to financial projections, resource potential, or the Preliminary Economic Assessment (PEA) timeline. The stock has traded in a downtrend since September 2026, and routine operational updates of this nature rarely reverse momentum without accompanying assay breakthroughs or financing news.
Fox Tungsten Ltd. (FOXT) is an exploration-stage company focused on the Fox Tungsten Project in south-central British Columbia. The flagship project hosts a 2018 NI 43-101 resource of 582kt Indicated @ 0.826% WO₃ and 565kt Inferred @ 1.231% WO₃. The company also owns the Silverboss property, which targets Cu-Mo near the historic Boss Mountain mine. In October 2024, Fox Tungsten divested the Highland Valley project to Metal Energy Corp. for cash, a 2.5% NSR royalty, and equity. All projects are fully permitted for drilling, with direct road and power line access.