Red Fox Resources was founded on a strategy to acquire low cost, high-quality, advanced exploration targets with the potential to rapidly increase value.
We are focused on exploration for gold, copper and zinc, with fifteen, 100% owned tenements located in the highly mineralised Cloncurry, Selwyn and Georgetown districts of Queensland.
Project highlights include:
- Butchers Bore Project – high grade Gold in surface sampling – 10m @ 25.6g/t Au, never drilled. Recent sampling by Red Fox shows strike length of 3km and values of 17.7 and 10.8g/t Au returned (Cloncurry)
- Cloncurry North Project – three EPMs adjacent to Ernest Henry (IOCG) copper-gold mine with untested geophysical targets – Evolution Mining to spend $8M earning in.
- Selwyn Project – large Copper-Cobalt anomaly where rock chip samples average 0.22% Cu over 880m by 270m, with three previous drill holes, max depth only 29m (Selwyn).
- Eveleigh Project – BHT Zinc with mineralisation from surface and open at depth (Eveleigh). Drill intersections include 24m @ 2.5% Zn, including 1.3m @ 9.8% Zn
Evolution Mining Limited (ASX:EVN) has commenced drilling at the Cloncurry North Project under the Earn-In & Joint Venture Agreement with Red Fox Resources. Drilling of nine diamond drill holes is planned for this field season (weather dependent). Targets have been developed using a detailed gravity survey completed by the Joint Venture earlier this year combined with previously available detailed aeromagnetic and electrical geophysical data. Targets have a variety of gravity/magnetic signatures in an area where there has been limited previous drilling. Further information is expected in future periods, as the JV works program progresses.
Evolution Mining has updated progress on the Cloncurry North Project with Red Fox Resources. Evolution recently acquired high-resolution gravity data at the project, identifying new untested drill targets in the same rocks hosting copper and gold mineralisation at Ernest Henry and with a similar geophysical signature. Drilling is planned to commence on these target areas during the September 2024 quarter.
Red Fox has updated details of the Selwyn Project based on field activities in 2023 and ongoing data compilation in 2024. Significant advances in the understanding of the project area have been made.
