RPX Gold’s Drilling Extends Near Surface Gold Mineralization and Along Strike Assay Results of up to 30.12 g/t Gold Over 3.39 Metres
RPX Gold’s Drilling Extends Near Surface Gold Mineralization and Along
Strike
Assay Results of up to 30.12 g/t Gold Over 3.39 Metres
TORONTO--(BUSINESS WIRE)--May 27, 2026--RPX Gold Inc. (“RPX Gold” or the
“Company”) (TSXV: RPX. OTCQB: RDEXF) is pleased to announce gold assay results from its
2025-2026 drilling program at its Wawa Gold Project, Ontario. The drilling program was
designed to confirm the continuity of, and potentially extend, near surface gold mineralization in
the area of the open pits defined in the 2026 Preliminary Economic Assessment (“2026 PEA”).
These new assay results will be included in the updated mineral resource estimate (“MRE”)
planned for later this year and will be reflected in the prefeasibility study (“PFS”) targeted for
H1 2027.
Highlights (See Figure 1 and Table 2):
2025-2026 drilling program suggests the possibility of joining the North and South pits
evaluated in the 2026 PEA
Results include:
o 13.82 grams per tonne gold (“g/t Au”) over 4.94 metres (“m”) core length,
including 55.20 g/t Au over 1.04 m in SD-26 639
o 23.20 g/t Au over 1.18 m and 2.09 g/t Au over 5.37 m, including 9.67 g/t Au over
0.78 m in SD-26-636
o 8.77 g/t Au over 13.33 m, including 30.12 g/t Au over 3.39 m in SD-26-626
o 3.33 g/t Au over 16.78 m, including 19.40 g/t Au over 0.97 m in SD-26-627
o 2.38 g/t Au over 14.49 m, including 8.94 g/t Au over 1.31 m and 9.32 g/t Au over
0.88 m in SD-25-625
o 4.63 g/t Au over 13.25 m core length, including 18.60 g/t Au over 1.47 m and
14.70 g/t Au over 0.88 m
Michael Michaud, President and CEO of RPX Gold, commented “The recent results from the
drilling program continue to demonstrate the continuity of gold mineralization in the Jubilee
deposit and further increase our confidence in the updated MRE we plan to complete later this
year in advance of the PFS.
We are also excited by the drilling completed outside of the open pits defined in the recent 2026
PEA, which has extended the gold mineralization beyond the current mineral resources by over
100 m. In particular, drilling completed between the North and South open pits have confirmed
the continuity of gold mineralization and have further validated our geological interpretation of
the deposit. The high-grade intercepts from the corridor between the North and South open pits
returned 13.82 g/t Au over 4.94 m and 8.77 g/t Au over 13.33 m, confirming that meaningful gold
mineralization persists along strike in an area that was previously undrilled at this density. We
are especially encouraged to see strong grades and broad mineralized intervals extending along
strike in areas that were not incorporated into the 2026 PEA. These results support the potential
for future open pit expansion and present the opportunity to further evaluate the connection of
the two open pits as drilling continues. It is rewarding for the technical team to see the drilling
confirm our internal geological models while continuing to identify opportunities to enhance the
scale and development potential of the Wawa Gold Project.
We will continue to test the near surface strike extension of the deposit between the two open pits
as well as test the deeper resources part of the underground mine outlined in the 2026 PEA. We
also plan to test several of the exploration targets identified in the 2025-2026 drilling program
later this year.
Our focus remains to advance the PFS to completion which is anticipated in H1 2027. The
activities to advance the PFS represent a de-risking of the Wawa Gold Project, which we believe
will add value at every step along the way.”
Results from the 2025-2026 Drilling Program
The 2025-2026 drilling program targeted gold mineralization in areas of open-pit potential along
the Jubilee Shear. The results announced today demonstrate that gold mineralization in the
Jubilee Shear extends to surface in the crown pillars of the historical mines and that significant
zones of mineralization remain to be discovered in areas that were either sparsely tested or
untested in historical drilling programs.
In the Jubilee mine area, drilling within and near the edges of the South Pit extended and
uncovered new areas of high-grade gold mineralization (Figure 1 and Table 2). These new
drilling intersections, particularly in SD-25-616 which intersected 10.05 g/t Au over 8.59 m
including 82.80 g/t Au over 0.92 m (see press release of December 16, 2025), SD-26-626 and
SD-26-639, could increase the inventory of high-grade gold mineralization in the South Pit area.
In the gap between the South and North pits, near-surface drilling extended gold mineralization
with open-pit potential to surface (Figure 1 and Table 2). This includes the significant
intersection in SD-25-593 which intersected 4.63 g/t Au over 13.25 m, including 18.60 g/t Au
over 1.47 m (see press release of December 16, 2025).
The drilling program has also validated historical drilling results in targeted areas which
improves our confidence in the block model supporting the 2026 PEA.
New 2026 Drilling Program
RPX recently initiated a diamond drilling program to confirm, and potentially extend, gold
mineralization in the areas with open-pit and underground potential along the Jubilee Shear that
are being evaluated in the ongoing work being done to complete the PFS (see press release of
May 20, 2026).
Quality Assurance/Quality Control ("QA/QC") Measures
Individual drill core samples are labelled and sawn in half along a pre-marked cutting line. A
consistent half-core sample is then placed in an individual numbered plastic sample bag that is
sealed. The remaining half-core samples are kept at the Company’s core storage facility located
on the Wawa Gold project. Quarter-core duplicates are taken from certain samples to define the
variability of gold distribution. Groups of samples are then placed into durable rice bags sealed
with security seals to be transported by commercial carrier for analysis at Activation
Laboratories Ltd. (Actlabs), Ancaster, Ontario. NQ core assays are obtained by 50-gram fire-
assay with an AA finish or by 1-kilogram metallic screen fire assay. The 1-kilogram metallic
screen assay method is selected for samples anticipated to contain coarse gold and when the
original fire-assay returns results greater or equal to 2.25 g/t Au. The residual coarse reject
portions of the samples remain in storage for a minimum 90-day period if further work or
verification is needed.
As part of its QA/QC program, RPX Gold inserts external gold standards (low- to high-grade)
and blanks every 20 samples and routinely inserts blanks immediately after samples with visible
gold. Quarter core duplicates are routinely inserted to evaluate the natural variability of gold
mineralization. Assay certificates are sent to at least three members of the senior management
team, and they are directly accessible from the WebLIMS portal of Actlabs. Approximately 5%
of the pulps and coarse rejects analyzed at Actlabs are sent to Agat Laboratories in Thunder Bay
for umpire testing.
Table 1 – Drill hole location details
Hole # UTM E
(m)
UTM N
(m) Elevation (masl) Azimuth (°) Inclination (°) Length Assays Status (m)
SD-25-
609 668245 5316730 352.3 222 -54 120 Complete
SD-25-
610 668216 5316787 350.4 250 -45 126 Complete
SD-25-
611 668174 5316799 349.0 260 -45 105 Complete
SD-25-
612 668204 5316898 356.9 295 -45 114 Complete
SD-25-
613 668198 5316840 356.3 295 -45 150 Complete
SD-25-
614 668107 5316519 352.9 295 -47 135 Complete
SD-25-
615 668108 5316518 353.0 347 -57 60 Complete
SD-25-
616 668103 5316491 354.5 293 -54 111 Complete
SD-25-
617 668123 5316415 353.4 300 -54 125 Complete
SD-25-
618 668169 5316490 367.3 326 -49 97.8 Complete
SD-25-
619 668194 5316432 370.2 310 -50 135 Complete
SD-25-
620 668208 5316397 370.3 292 -66 150.74 Complete
SD-25-
621 668194 5316432 370.2 279 -45 147 Complete
SD-25-
622 668200 5316361 372.4 281 -66 192 Complete
SD-25-
623 668119 5316358 367.8 215 -85 165 Complete
SD-25-
624 668077 5316293 381.5 270 -66 45 Complete
SD-25-
625 668077 5316294 381.0 290 -70 147 Complete
SD-26-
626 668107 5316316 376.2 270 -66 153 Complete
SD-26-
627 668108 5316247 381.3 325 -67 171 Complete
SD-26-
628 668045 5316240 382.4 290 -65 111 Complete
SD-26-
629 667990 5316234 379.4 290 -45 99 Complete
SD-26-
630 667989 5316235 379.3 325 -70 102 Complete
SD-26-
631 668084 5316213 383.6 326 -66 165 Complete
SD-26-
632 667939 5316103 367.6 297 -48 108 Complete
SD-26-
633 668054 5316163 378.0 290 -51 165 Complete
SD-26-
634 668048 5316358 368.4 305 -56 100 Complete
SD-26-
635 668272 5316497 383.5 322 -46 207 Complete
SD-26-
636 668244 5316488 382.4 330 -50 177 Complete
SD-26-
637 668248 5316552 380.4 330 -55 165 Complete
SD-26-
638 668208 5316560 375.5 305 -45 145 Complete
SD-26-
639 668148 5316597 357.4 330 -47 117 Complete
SD-26-
640 668222 5316634 357.2 309 -60 111 Complete
SD-26-
641 668222 5316745 351.2 267 -53 102 Complete
SD-26-
642 668276 5317234 345.5 295 -45 120 Complete
SD-26-
643 668300 5317297 351.4 290 -45 120 Complete
SD-26-
644 668317 5317346 355.4 300 -45 111 Complete
SD-26-
645 668346 5317240 364.8 302 -47 162 Complete
SD-26-
646 668352 5317297 372.1 295 47 150 Complete
SD-26-
647 668369 5317333 377.3 295 53 156 Complete
SD-26-
648 668369 5317333 377.3 297 -44 162 Complete
SD-26-
649 668369 5317361 378.4 297 44 111 Complete
SD-26-
650 668404 5317381 382.2 300 67 147 Complete
SD-26-
651 668476 5317425 384.5 300 -67 195 Complete
SD-26-
652 668462 5317469 368.0 300 66 165 Complete
SD-26-
653 668437 5317492 376.2 302 -49 186 Complete
SD-26-
654 668438 5317492 376.2 302 -65 165 Complete
SD-26-
655 668407 5317510 373.4 300 -45 120 Complete
SD-26-
656 668361 5317497 370.9 290 -66 132 Complete
SD-26-
657 668263 5317349 354.3 295 -45 210 Complete
SD-26-
658 668008 5316764 353.8 267 -53 102 Complete
SD-26-
659 668006 5316684 351.3 265 -60 102 Complete
QUALIFIED PERSON
Jean-François Montreuil, P.Geo., Vice President, Exploration at RPX Gold, and a Qualified
Person as defined under National Instrument 43-101, has reviewed and approved the scientific
and technical information in this press release.
MARKET MAKER
RPX GOLD INC. is pleased to announce that it has engaged the services of ICP Securities Inc.
(“ICP”) to provide automated market making services, including use of its proprietary algorithm,
ICP Premium™, in compliance with the policies and guidelines of the TSX Exchange and other
applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The
agreement between the Company and ICP was signed with a start date of June 1, 2026, and is for
four (4) months (the “Initial Term”) and shall be automatically renewed for subsequent one (1)
month terms (each month called an “Additional Term”) unless either party provides at least
thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as
applicable. There are no performance factors contained in the agreement and no stock options or
other compensation is being provided in connection with the engagement. ICP and its clients
may acquire an interest in the securities of the Company in the future.
ICP is an arm’s length party to the Company. ICP’s market making services are primarily to
correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be
responsible for the costs it incurs in buying and selling the Company’s shares, and no third party
will be providing funds or securities for the market making services.
ABOUT ICP SECURITIES INC.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market
making and liquidity provision, as well as having a proprietary market making algorithm, ICP
Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on
market structure, execution, and trading, ICP has leveraged its own proprietary technology to
deliver high quality liquidity provision and execution services to a broad array of public issuers
and institutional investors.
ABOUT RPX GOLD INC.
RPX Gold Inc. (formerly Red Pine Exploration Inc.) is a Toronto-based gold exploration
company. The Company's shares trade on the TSX Venture Exchange under the symbol "RPX"
and on the OTCQB Markets under the symbol “RDEXF”.
The Company’s flagship asset, the Wawa Gold Project, is located in northwestern Ontario, in the
Michipicoten Greenstone Belt of Ontario, adjacent to several established gold-producing
operations, including those operated by Wesdome Gold Mines Ltd., Alamos Gold Inc. and
Hemlo Mining Corp. The Wawa Gold Project benefits from strong local infrastructure and
excess regional mill capacity.
The Company is evaluating open-pit operations designed to generate early cash flow to help fund
the advancement of the underground operation. This phased approach is aimed at de-risking
development, accelerating the time to revenue and minimizing shareholder dilution. The
approach is subject to the completion of a number of milestones before a production decision can
be made, such as continued drilling and mineral resource definition, conducting additional
metallurgical test work, completing a pre-feasibility study, continuing baseline studies as well as
additional permitting and Indigenous consultations, among other factors.
The Wawa Gold Project currently hosts mineral resources from two mineral deposits, namely the
Jubilee Shear and the Minto Mine. The mineral resources include an indicated mineral resource
of 22.909 million (“M”) tonnes grading 1.69 g/t Au containing 1,244,000 ounces Au and an
inferred mineral resource of 9.951 M tonnes grading 1.59 g/t Au containing 509,000 ounces Au,
with both open-pit and underground mining potential. Gold mineralization extends to surface on
a historic mining property, which supports the Company’s phased development strategy. Please
refer to the technical report entitled “Preliminary Economic Assessment: Wawa Gold Project”
with an effective date of February 18, 2026 which is available on www.SEDARPLUS.ca under
the Company’s profile for more information.
For material information about the Company, visit http://www.rpxgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains statements which constitute “forward-looking information” within the
meaning of applicable securities laws, including statements regarding the plans, intentions,
beliefs and current expectations of the Company with respect to future business activities and
operating performance.
Forward-looking information is often identified by the words “may”, “would”, “could”,
“should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information contained in this news release includes, but may not
be limited to: statements regarding the assay results being included in the updated MRE planned
for later this year and reflected in the prefeasibility study PFS targeted for H1 2027; the
possibility of joining the North and South pits evaluated in the 2026 PEA; the Company
continuing to test the near surface strike extension of the deposit between the two open pits as
well as test the deeper resources part of the underground mine outlined in the 2026 PEA; the
Company’s plans to test several exploration targets identified in the 2025-2026 drilling program
later this year; the Company evaluating open-pit operations designed to generate early cash flow
to help fund the advancement of the underground operation; and the completion of a number of
milestones before a production decision can be made; the ability to execute the Company’s plans
relating to the Wawa Gold Project as set out in the PEA; the ability to realize on the mineral
resource estimates or delineating additional mineral resources; generating cash flow for further
exploration and development of a larger mineral resource; the Project funding ongoing
underground development, exploration, and future optimization to minimize reliance on repeated
equity financings and shareholder dilution; the ability to negotiate and execute toll milling
arrangements on satisfactory terms or at all; continuing collaboration with First Nations partners
as part of an inclusive and responsible development process; and advancing the PFS. Investors
are cautioned that forward-looking information is not based on historical facts but instead
reflects management’s expectations, estimates or projections concerning future results or events
based on the opinions, assumptions and estimates of management considered reasonable at the
date the statements are made. Such opinions, assumptions and estimates are inherently subject to
a variety of risks and uncertainties that could cause actual events or results to differ materially
from those projected and undue reliance should not be placed on such information, as unknown
or unpredictable factors could have material adverse effects on future results, performance or
achievements. Among the key factors that could cause actual results to differ materially from
those projected in the forward-looking information are: the Company's expectations in
connection with the projects and exploration programs being met, the impact of general business
and economic conditions, global liquidity and credit availability on the timing of cash flows and
the values of assets and liabilities based on projected future conditions, fluctuating gold prices,
currency exchange rates (such as the Canadian dollar versus the United States Dollar), variations
in material grade or recovery rates, changes in accounting policies, changes in the Company's
mineral reserves and resources, changes in Project parameters as plans continue to be refined,
changes in Project development, construction, production and commissioning time frames, the
possibility of Project cost overruns or unanticipated costs and expenses, higher prices for fuel,
power, labour and other consumables contributing to higher costs and general risks of the mining
industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes
in mine life, seasonality and weather, costs and timing of the development of new deposits,
success of exploration activities, permitting time lines, government regulation of mining
operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and
limitations on insurance.
This information contained in this news release is qualified in its entirety by cautionary
statements and risk factor disclosure contained in filings made by the Company, including the
Company’s financial statements and related MD&A for the year ended July 31, 2025, and the
interim financial report and related MD&A for the periods ended October 31, 2025 and January
31, 2026, filed with the securities regulatory authorities in certain provinces of Canada and
available at www.sedarplus.ca.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying
the forward-looking information prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed, estimated or expected. Although the
Company has attempted to identify important risks, uncertainties and factors which could cause
actual results to differ materially, there may be others that cause results not to be as anticipated,
estimated or intended. The Company does not intend, and does not assume any obligation, to
update this forward-looking information except as otherwise required by applicable law.
Table 2- Assays Results from Pit Area Drilling
Hole From To Length Gold Area
(#) (m) (m) (m)* (g/t) (name)
SD-25-609 76.40 77.65 1.25 2.36 Central Area Pit Extension
SD-25-612
11.03 12.00 0.97 1.89
Central Area Pit Extension
23.16 25.00 1.84 1.25
SD-25-613 29.27 37.78 8.51 1.06
Central Area Pit Extension
including 29.27 30.36 1.09 5.92
SD-25-614 33.05 44.22 11.17 1.08
South Pit Infill 87.37 91.83 4.46 0.88
SD-25-615 50.55 51.60 1.05 5.94 South Pit Infill
SD-25-617 31.08 33.00 1.92 1.48 South Pit Infill
SD-25-619 110.42 111.24 0.82 4.36 South Pit Step-Out