Highlights Include: 93 Holes Remain Pending; DDH PB-22-336 returned 1.69 g/t Au over 35.6 metres from 26.5 to 62.1 metres including 3.06 g/t Au over 13.0 metres from 30.0 to 43.0 metres, and including 4.77 g/t Au over 2.0 metres from 51.0 to 53.0 metres; DDH PB-22-327A returned 2.58 g/t Au over 7.0 metres from 490.3 to 497.3 metres and 1.70 g/t Au over 13.6 metres from 511.2 to 524.8 metres including 4.36 g/t Au over 2.4 meters from 516.9 to 519.3 metres; DDH PB-22-335 returned 0.85 g/t Au over 39.3 metres from 15.7 to 55.0 metres including 1.1 g/t Au over 13.0 metres from 15.7 to 28.7 metres and including 1.00 g/t Au over 16.3 metres from 39.7 to 55.0 metres; DDH PB-22-348 returned 0.87 g/t Au over 24.5 metres from 67.5 to 92.0 including 1.64 g/t Au over 7.0 metres from 85.0 to 92.0 metres; DDH PB-22-337A returned 0.95 g/t Au over 19.0 metres from 30.4 to 49.4 metres including 1.55 g/t Au over 4.6 metres from 43.8 to 48.4 metres; DDH PB-22-344 returned 0.66 g/t Au over 21.8 metres from 71.1 to 92.9 metres including 0.92 g/t Au over 13.3 metres from 71.1 to 84.4 metres and DDH PB-22-364 returned 1.10 g/t Au over 13.0 metres from 102.5 to 115.5 metres;
Additionally, we now have to look at this historical data through a completely different lens. Not only a different gold price environment is prevailing, but the recent discovery of the
2022 Drill Program
Royal Fox is reporting today the complete results for 12 drill holes which tested the
Hole PB-22-327A drilled over 120 metres northwest of PB-22-336 at a vertical depth of 400 metres intersected 1.7 g/t Au over 13.6 metres from 511.2 to 524.8 metres including 4.36 g/t Au over 2.4 metres from 516.9 to 519.3 metres.
Hole PB-22-348, drilled 240 metres northwest of hole PB-22-336, intersected 0.87 g/t Au over 24.5 metres from 67.5 to 92.0 metres including 1.64 g/t over 7.0 metre from 85.0 to 92.0 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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The information contained herein contains 'forward-looking statements' within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.' Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to the TSXV listing, risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.
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