Fox Tungsten Intersects Multiple New Mineralized Zones at Fox North

Fox Tungsten Ltd. (FOXT) has reported visual scheelite intersections from its ongoing 20,000-metre diamond drill program. At the Fox North target, three holes—F26-002, 007, and 010—intersected multiple previously unrecognized parallel mineralized zones located 375–675 metres west of the BK Zone, with visual intervals reaching up to 2.9 metres.

At the RC Zone, seven holes (F26-003 to 009, and 011) all returned scheelite, extending the known footprint south toward BN. Specific intervals include F26-008 with 5.7 metres and 2.7 metres, and F26-009 with 3.1 metres, while other holes returned intervals between 0.1 and 2.4 metres. No assays are reported, with results expected in the coming weeks. The release serves as an update on visual mineralization.

Fox Tungsten Ltd. (FOXT) released results confirming that drilling has identified scheelite in areas predicted by its geological model. The company’s 20,000‑m program, which launched in June 2026, is designed to locate mineralization.

The stock price had declined from a high of $0.23 to $0.16 in the weeks prior to the announcement.

Fox Tungsten Ltd. (TSX‑V: FOXT, formerly Happy Creek Minerals) is a junior explorer holding a 100% interest in approximately 409 km² of mineral tenure in south‑central British Columbia. The company’s flagship Fox Project hosts a tungsten skarn resource comprising 582,400 t @ 0.826% WO₃ (Indicated) and 565,000 t @ 1.231% WO₃ (Inferred). The property features road and power access, a 14‑km strike length of calc‑silicate horizons, and multiple untested zones.

In addition to the Fox Project, Fox Tungsten owns the Silverboss Cu‑Mo‑Au‑Ag project and the Hen Art DL gold project. Financially, the company is debt‑free with approximately C$13.85 M in cash as of April 2026, which fully funds the ongoing 20,000‑m drill program. The company has a market capitalization of approximately C$44 M with 274.9 M shares outstanding.