Fox Tungsten adds a fourth drill rig at its Silverboss property
Canadian explorer Fox Tungsten has mobilized a fourth drill rig to Silverboss in British Columbia, starting work at the 10 Mile Creek target.
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what happened
Fox Tungsten Ltd. has mobilized a fourth drill rig to its 100%-owned Silverboss property in south-central British Columbia. Drilling will start at the 10 Mile Creek target, where the company will test possible extensions of mineralization linked to the historic Boss Mountain molybdenum mine next door.
The main program at the Fox project, roughly 20,000 metres, is continuing, and the company describes it as fully funded. According to Reuters, CEO Steve Gray said a dedicated rig lets the company pursue Silverboss's molybdenum potential alongside work at Fox.
why it matters
For markets, this is a routine exploration step by a small company, unlikely to noticeably change tungsten or molybdenum supply. Larger drill results, resource growth or progress on permits would matter more. The next milestone is an updated resource estimate and a preliminary economic assessment for Fox, targeted for the second quarter of 2027.
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sources
- Fox Tungsten Ltd. (FOXT) Adds Fourth Drill Rig at Silverboss — TradingView, 20 October 2026 at 11:31 UTC
- Fox Tungsten Mobilizes Fourth Drill Rig to Advance Exploration at Silverboss Property — Reuters, 20 October 2026 at 11:31 UTC
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