Fox Tungsten (TSXV:FOXT) - High-Grade BC Project Targets 3Mt Resource in 20,000m Drill Push
About this episode
The episode features an interview with Stephen Gray discussing Fox Tungsten's high-grade project in British Columbia and its resource expansion efforts.
Interview with Stephen Gray, President & CEO of Fox Tungsten Recording date: 11th July 2026 Fox Tungsten is advancing its high-grade Fox project in southern British Columbia, aiming to position it as a rare North American source of tungsten amid tightening global supply. The deposit averages roughly 1% tungsten, which management equates to about 20 grams per tonne gold or 25% copper at current prices, placing it among the higher-grade tungsten projects globally. However, its current resource of just over 1 million tonnes is considered too small to support economic development, prompting an aggressive 20,000-metre drilling campaign in 2026. The ongoing program, supported by two active rigs, focuses primarily on infill drilling between three known zones to expand the resource toward a target of approximately 3 million tonnes—seen as the minimum scale required for a Preliminary Economic Assessment (PEA). A smaller portion of drilling will test deeper extensions of the deposit for potential underground development, marking the first step toward longer-term growth. Metallurgical testing indicates a relatively simple processing route, with gravity separation achieving about 75%…
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