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
Red Fox has been awarded priority to grant on a competitive application over Mt Thomas area in the Selwyn district. The area is prospective as it has banded iron formations, known lead zinc mineralisation, signifcant uranium anomalies and untested gravity/magnetics and conductivity targets. Previous exploration has not focussed on copper-gold prospectivity. The application will now proceed to grant.
Work has progressed at the Camel Dam prospect in the Selwyn district. Several structural targets have been defined with associated conductivity responses, anomalous copper and gold from poorly outcropping gossans and anomalous uranium channel radiometrics. Previous drilling in the prospect area consists of RAB drilling with a maximum depth of 16m. Further evaluation of the AEM and FLEM data is in progress.
Evolution Mining Limited (ASX:EVN) has completed a nine hole drilling program at the Cloncurry North Project (Evolution earning 80%) during the December quarter, testing geophysical targets under sedimentary cover. Full assay results are expected during the March 2025 quarter.
