Announcement Date: 2022-07-20
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. 25.7m @ 2.22g/t Au from 92.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, Canada, July 20, 2022 – Royal Fox Gold Inc. (“Royal Fox” or the “Company”) (TSXV: FOXG) is pleased to report assay results for the northern portion of the Arctic Fox zone from its 2022 campaign on the Philibert gold deposit, 60 kilometres southwest Chibougamau, Quebec. Highlights Include: (Grades uncut; lengths measured along hole, Table 1) Simon Marcotte, President and CEO of Royal Fox, commented: “Combined with the recently released results from the southern portion, the Arctic Fox zone continues to demonstrate continuity and consistency just like the overall deposit, and add significant near-surface gold ounces, which are paramount factors as we aim to achieve strong potential economics in the future.” 2022 Drill Program Royal Fox is reporting today the complete results for eight drill holes which tested the northern hanging wall contact of the Arctic Fox Zone over a 400-metre strike length and up to 150 metres vertical depth (Table 1 and Figures 1 to 2). Three of the best holes reported today are located along a 150-metre strike length, highlighting the consistency of gold grade and widths of the Arctic Fox Zone. 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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