Announcement Date: 2021-11-16
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Royal Fox Gold Inc.
Project name: Philibert
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 8.0m @ 5.66g/t Au from 66.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, Canada, November 16, 2021 – Royal Fox Gold Inc. (“Royal Fox” or the “Company”) (TSXV: FOXG) is pleased to report assay results from the 2021 diamond drilling campaign and results from historically drilled core not previously sampled on the Philibert gold deposit, Chibougamau, Quebec. A first set of results was published on October 19, 2021. Simon Marcotte, President and CEO of Royal Fox, commented: “From the 1,147-metre drill program, the results returned to date continue to illustrate the high quality and potential of the Philibert gold deposit. As we aim to deliver a maiden NI 43-101 resource estimate in 2022, we couldn’t be more excited with the untapped potential of the project, including the large historical record of unsampled and sampled drill core, and the immense exploration potential to expend gold mineralization along the Guercheville Deformation Zone.” The Philibert deposit, located 60 kilometres southwest of Chibougamau, Quebec, is defined by 60,000 metres of historic diamond drilling, including approximately 25,000 metres of unsampled drill core from campaigns completed between 1952 and 2014. At the time, gold prices favoured the development of the Philibert deposit as an underground resource.
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