Exploration firm Running Fox Resources has entered into an agreement to takeover an undisclosed Canadian diamond drilling company.

The private company operates between one and three drill systems depending on the drilling contract size, with present capabilities down to 6,000ft, including rough terrain, Running Fox said.

The drilling company will operate as Running Fox’s subsidiary and perform drilling operations for Running Fox and partners’ resource projects, as well as drilling for profit on a contract basis for third party resource companies.

The drilling company will focus on projects in the US and Canada.