The Philibert deposit, located 60 kilometres southwest of
As such, Royal Fox initiated the first phase of a sampling program, which included 573 samples selected from 31 drill holes. While only 180 samples have been returned thus far, results include a new high-grade intercept for hole 981-12-268 (2012) with 9.77 g/t Au over 4.0 metres, including 23.4 g/t over 1.5 metres between 111.5 metres to 115.5 metres. Results from the remaining 393 samples, representing 69% of the first phase of sampling, will be released as they are received. Given the significant results returned to date from the first phase of this campaign, the Company is developing plans to commence the second phase of the sampling program, targeting further unsampled intervals proximal to mineralization and areas with open-pit potential.
Geological Background
Unsampled intervals limit the geological interpretation, especially between staked mineralized domains. The Company believes this sampling program continues to support the evaluation of the open pit resource potential of the deposit. This first phase of the sampling program focused on mineralized domains west of the Obatogamau Fault and near surface. Geologists ranked unsampled intervals using intensity of silicification, alteration, and sulphide mineralization to prioritize sampling. The new high-grade intercept is within the modeled mineralized domain 37-2 and hosted in the Philibert gabbro sill with deformed quartz-sulphide veins. The addition of this intercept improves the continuity of the domain to the west. Sampling results from other sections and holes return high background values in the 0.1 ppm Au range over 5 to 10 metre widths.
About
To date, more than
About
Contact:
Tel: +1-647-801-7273
Email: smarcotte@royalfoxgold.com
Cautionary Statements
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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