Royal Fox Gold Inc. reported 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 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 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 metres from 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. Drilling also tested the down-dip extent of mineralization in this area with drill holes PB-22-415A and PB-22-421, testing the zone up to 250 metres vertical depth. In the central section of the Fennec Fox Zone, several drill holes tested the surface extent of mineralization with drill holes PB-22-395, PB-22-393 and PB-22-391, which appear to have been drilled too far southwest, missing the intended target.

Interpreted from historical diamond drilling and geophysical surveys, is the NE-SW-oriented Obatogamau Fault located at the northwestern limit of the Fennec Fox Zone. With only limited diamond drilling and no surface exposures in the area, the degree and direction of displacement of the Obatogamau Fault are unknown. However, the area represents a 300-metre gap in mineralization along the strike between the Fennec Fox Zone and Arctic Fox Zone.

Results from this release include drill hole PB-22-382 drilled 150 metres to the northwest of the Fennec Fox Zone, which intersected 3.86 g/t Au over 15.0 metres from 198.0 to 213.0 metres representing a significant discovery and highlighting the opportunity to define and connect the mineralization over the 3-kilometre strike length. Mineralization is associated with a brecciated, strongly carbonatized, pyrite-pyrrhotite mineralized, quartz-rich gabbro of the Obatogamau Formation. Drill hole PB-22-379 drilled 40 metres to the southeast of PB-22-382 intersected similar mineralization returning 1.15 g/t Au over 19.4 metres from 167.6 to 187.0 metres.