Announcement Date: 2022-07-05
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. 11m @ 4.57g/t Au from 68.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, Canada, July 5, 2022 – Royal Fox Gold Inc. (“Royal Fox” or the “Company”) (TSXV: FOXG) is pleased to report further assay results for the southern portion of the Arctic Fox zone from its 2022 campaign on the Philibert gold deposit, 60 kilometres southwest Chibougamau, Quebec. Royal Fox is reporting today the complete results for ten drill holes which tested the southern footwall of the Arctic Fox Zone over a 200-metre strike length and up to 330 metres vertical depth (Table 1 and Figures 1 to 2). Most holes reported today were drilled near surface with one-hole PB-22-349 collaring into mineralization, which returned 2.75 g/t Au over 16.0 metres from 9.3 to 25.3 metres. Hole PB-22-346 is TSX.V: FOXG Royal Fox Gold Inc. │ the most western hole reported today, located at the edge of Arctic Fox and Red Fox, which returned 1.22 g/t Au over 18.0 metres from 34.5 to 52.5 metres, including 2.26 g/t Au over 5.0 metres from 36.0 to 41.0 metres. Mineralization is associated to the Obatogamau Formation, quartz gabbro unit in contact with highly altered interbedded sediments with intense iron carbonate alteration, silicification and disseminated pyrite mineralization.
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