Royal Fox Gold Inc. reported assay results for the 2022 campaign on the Philibert gold deposit, 60 kilometres southwest Chibougamau, Quebec. In addition, the Company announces remaining results for the 2021 diamond drilling campaign. Three drill rigs completed 15,943 metres of diamond drilling in 120 drill holes to test the upper 200 metres of both the hanging wall and footwall zones of the three kilometres strike length of the Philibert deposit as well as deeper infill drilling and expansion.

Company reporting the complete results for 13 drill holes which tested the Corsac Fox Zone over a 700-metre strike length within the hanging wall of the Philibert trend. Drilling targeted the zone from surface up to 120 metres vertical depth with hole PB-22-327A returning 0.89 g/t Au over 22.9 metres from 130.1 to 153.0 metres. The northwestern section of the Corsac Fox Zone returned significant gold intersections near surface and down dip along a 280-metre strike from hole PB-22-332 to hole PB-22-343.

Mineralization is associated to the Obatogamau Formation, quartz gabbro unit with intense sericite and iron carbonate alteration, disseminated pyrite mineralization, and extensional quartz-ankerite-tourmaline veining with sporadic visible gold. The Corsac Fox Zone is coincident to a magnetic linear anomaly which is largely untested for two kilometres along the Philibert trend and represents a high priority target to expand gold mineralization for the company in the future. The remaining 2021 results have been received and include hole PB-21-317, drilled to test the Arctic Fox zone, intersected 1.00 g/t Au over 16.5 metres from 37.5 to 54.0 metres.