Announcement Date: 2022-08-29
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. 21.5m @ 4.29g/t Au from 78.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, Canada, August 29, 2022 – Royal Fox Gold Inc. (“Royal Fox” or the “Company”) (TSXV: FOXG) is pleased to report assay results for the Fennec Fox Zone and the Fault Zone from its 2022 campaign on the Philibert gold deposit, located 60 kilometres southwest of Chibougamau, Quebec. Royal Fox is reporting results today for eighteen drill holes, two of which tested the Fault Zone area and sixteen which tested the Fennec Fox Zone. Drilling tested mineralization over a 480-metre strike length and up to 250 metres vertical depth. The best hole reported today was drilled at the northwestern limit of the defined Fennec Fox Zone, where the late aged NE-SW oriented Obatogamau Fault transects the NW-SE oriented mineralized Philibert trend. Drill hole PB-22-377 returned 4.29 g/t Au over 21.5 metres from 78.5 to 100.0 metresfrom a highly pyritized, ankerite altered, quartz-rich gabbro of the Obatogamau Formation. Mineralization intersected in drill hole PB-22-377 represents a significant future target for the company to expand near surface high grade mineralization along the 3-kilometre Philibert trend. On the southeastern end of the Fennec Fox Zone drill holes were designed to target the up-dip surface extent of the mineralized zone, including drill holes PB-22-355 and PB-22-362, while drill hole PB-22-359 deviated off the intended target.
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