Fox Tungsten Ltd. Reports Promising Visible Scheelite Mineralization in British Columbia Drill Program
Vancouver, British Columbia — July 28, 2026 — Leads & Copy — Fox Tungsten Ltd. (TSXV: FOXT) has announced that its fully funded 20,000-metre diamond drill program at the Fox Project in British Columbia has successfully intersected visible scheelite mineralization in multiple target areas. Notably, several previously unrecognized parallel mineralized zones were identified at Fox North.
While analytical results are still pending, visual observations from the drilling completed to date indicate positive progress in expanding the mineralized system. At Fox North, scheelite has been observed in 100% of the exploration holes completed, totaling three holes. Additionally, all seven resource expansion holes drilled to date at the RC Zone have shown scheelite.
The company is currently operating two diamond drill rigs, with the 20,000-metre program progressing on schedule. Initial assay results are anticipated in the coming weeks.
At Fox North, drilling has intersected multiple new parallel mineralized zones located between 375 and 675 metres west of the BK Zone. These discoveries strengthen the Company’s belief in its geological model, which suggests the Fox deposit is composed of stacked, parallel tungsten-bearing zones. This supports the potential for significant expansion of the current Mineral Resource both laterally and vertically across these parallel zones.
Similarly, at the RC Zone, visible scheelite mineralization in the seven resource expansion holes has extended the known mineralized footprint southward towards the BN Zone. This aligns with the Company’s assessment that mineralization remains open along strike.
Steve Gray, President and Chief Executive Officer of Fox Tungsten, expressed optimism regarding the ongoing findings. “While we are still awaiting assay results, it is very encouraging to consistently observe visible scheelite in our drill core across multiple target areas,” Gray stated. “Early drilling continues to validate our geological model, with new parallel mineralized zones identified at Fox North and continued expansion of the RC Zone. These observations reinforce our confidence in the scale and continuity of the mineralized system and demonstrate the potential to meaningfully expand the Fox Mineral Resource as the program advances. We look forward to reporting assay results as they become available over the coming weeks.”
The company clarified that visible scheelite mineralization is a qualitative observation only. Scheelite fluoresces under ultraviolet light, aiding in its identification in drill core. These visual observations are preliminary and do not confirm tungsten grade or economic mineralization. Laboratory analytical results are required to determine actual tungsten concentrations and will be released as they become available.
The technical and scientific information presented in this release has been reviewed and approved by John Sims, P.Geo, a Qualified Person in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Fox Tungsten Ltd. is a Canadian critical minerals company focused on its 100%-owned portfolio of tungsten and polymetallic projects in British Columbia. The company’s flagship Fox Tungsten Project features one of the highest-grade tungsten resources globally. The project is currently undergoing resource expansion drilling, metallurgical studies, and engineering and permitting activities. The Fox Tungsten Project is situated approximately 75 kilometres northeast of 100 Mile House in south-central British Columbia, offering excellent infrastructure access. The property encompasses a substantial tungsten mineral system stretching about 12 kilometres by 5 kilometres, with multiple high-grade zones located near the surface. The current NI 43-101 Mineral Resource Estimate comprises 582,400 tonnes at 0.826% WO₃ (Indicated) and 565,000 tonnes at 1.231% WO₃ (Inferred). The Fox deposit is still open for expansion, with exploration efforts aimed at increasing the resource both laterally and at depth. The ongoing 20,000-metre drill program, the largest in the Company’s history, is designed to significantly 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. In addition to the Fox project, Fox Tungsten owns the Silverboss molybdenum-copper-gold-silver project, adjacent to Glencore’s former Boss Mountain molybdenum mine in British Columbia. Fox Tungsten is committed to responsible mineral resource development and fostering positive relationships with Indigenous communities and local stakeholders.
Source: Fox Tungsten Ltd.
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