Royal Fox Gold (TSX-V:FOXG) Inc has announced assay results for 13 drill holes from the 2022 campaign, as well as the remaining results for the 2021 diamond drilling campaign, on the Philibert gold deposit in Quebec, which included 2.8 grams per tonne (g/t) gold over 6.1 metres (m) from the Corsac Fox Zone.
The gold explorer said the northwestern section of the Corsac Fox Zone returned “significant” gold intersections near-surface and down-dip along a 280m strike from hole PB-22-332 to hole PB-22-343.
”We are very pleased with the results received to date which continue to validate the size and potential of the Philibert deposit, as we work towards our maiden NI 43-101 resource later this year,” Royal Fox Gold CEO Simon Marcotte said in a statement.
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Royal Fox noted that the Corsac Fox Zone is coincident to a magnetic linear anomaly, which is largely untested for two kilometres (km) along the Philibert trend and represents a high priority target to expand gold mineralization for the company in the future.
It added that three drill rigs completed 15,943m of diamond drilling in 120 drill holes to test the upper 200m of both the hanging wall and footwall zones of the 3 km strike length of the Philibert deposit as well as deeper infill drilling and expansion.
Royal Fox Gold is a mineral exploration company focused on the development of the Philibert project near Chibougamau, Québec. The Philibert project comprises 110 mineral titles having a total approximate area of 5,393 hectares of highly prospective ground, 9 km from IAMGOLD’s Nelligan Gold project, which was awarded the 'Discovery of the Year' by the Quebec Mineral Exploration Association (AEMQ) in 2019. To date, more than $10 million (historical value) have been spent on the Philibert project, with more than 60,000m of drilling completed.
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