RPX Gold Inc. (TSX-V: 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. These new assay results will be included in the updated mineral resource estimate planned for later this year and will be reflected in the prefeasibility study targeted for H1 2027.
Highlights (See Figure 1 and Table 2):
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 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., 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. 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 and shall be automatically renewed for subsequent one (1) month terms 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 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
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 |
|
|
117.65 |
121.08 |
3.43 |
1.64 |
|
|
including |
120.00 |
121.08 |
1.08 |
4.31 |
|
|
SD-25-620 |
136.60 |
137.25 |
0.65 |
1.97 |
South Pit Step-Out |
|
SD-25-621 |
114.00 |
121.14 |
7.14 |
1.91 |
South Pit Step-Out |
|
including |
116.00 |
119.12 |
3.12 |
3.69 |
|
|
SD-25-622 |
125.00 |
126.00 |
1.00 |
6.05 |
South Pit Step-Out |
|
114.00 |
115.15 |
1.15 |
2.60 |
||
|
SD-25-625 |
85.51 |
100.00 |
14.49 |
2.38 |
South Pit Infill |
|
including |
87.69 |
89.00 |
1.31 |
8.94 |
|
|
and |
91.85 |
92.73 |
0.88 |
9.32 |
|
|
and |
95.44 |
96.55 |
1.11 |
5.50 |
|
|
SD-26-626 |
100.81 |
114.14 |
13.33 |
8.77 |
South Pit Infill |
|
including |
106.61 |
110.00 |
3.39 |
30.12 |
|
|
SD-26-627 |
120.00 |
136.78 |
16.78 |
3.33 |
South Pit Step-Out |
|
including |
124.00 |
124.97 |
0.97 |
19.40 |
|
|
and |
133.64 |
135.79 |
2.15 |
9.87 |
|
|
84.00 |
88.00 |
4.00 |
0.75 |
||
|
52.75 |
55.54 |
2.79 |
1.49 |
||
|
including |
52.75 |
53.70 |
0.95 |
3.25 |
|
|
SD-26-630 |
45.57 |
51.83 |
6.26 |
2.27 |
South Pit Infill |
|
including |
45.57 |
47.07 |
1.50 |
8.22 |
|
|
56.90 |
61.96 |
5.06 |
1.90 |
||
|
including |
58.89 |
59.94 |
1.05 |
4.69 |
|
|
SD-26-631 |
117.76 |
120.80 |
3.04 |
1.12 |
South Pit Step-Out |
|
SD-26-632 |
47.10 |
48.12 |
1.02 |
2.05 |
South Pit Step-Out |
|
SD-26-633 |
112.16 |
113.43 |
1.27 |
2.05 |
South Pit Step-Out |
|
SD-26-634 |
56.66 |
57.43 |
0.77 |
2.13 |
South Pit Infill |
|
SD-26-635 |
153.75 |
158.64 |
4.89 |
4.04 |
South Pit Step-Out |
|
including |
157.65 |
158.64 |
0.99 |
17.20 |
|
|
SD-26-636 |
144.63 |
150.00 |
5.37 |
2.09 |
South Pit Infill |
|
including |
144.63 |
145.41 |
0.78 |
9.67 |
|
|
155.27 |
156.45 |
1.18 |
23.20 |
||
|
SD-26-638 |
16.00 |
16.86 |
0.86 |
1.09 |
South Pit Infill |
|
SD-26-639 |
44.59 |
49.53 |
4.94 |
13.82 |
South Pit Infill |
|
including |
44.59 |
45.63 |
1.04 |
55.20 |
|
|
SD-26-640 |
70.51 |
73.17 |
2.66 |
3.21 |
South Pit Step-Out |
|
SD-26-641 |
43.24 |
45.63 |
2.39 |
1.16 |
Central Area Pit Extension |
|
SD-26-642 |
19.08 |
19.75 |
0.67 |
6.26 |
North Pit Infill |
|
SD-26-643 |
5.54 |
7.33 |
1.79 |
2.80 |
North Pit Infill |
|
25.25 |
28.43 |
3.18 |
2.22 |
||
|
including |
25.25 |
26.46 |
1.21 |
3.92 |
|
|
SD-26-644 |
22.25 |
23.29 |
1.04 |
2.63 |
North Pit Infill |
|
38.10 |
45.75 |
7.65 |
0.89 |
||
|
75.18 |
77.19 |
2.01 |
2.40 |
||
|
SD-26-646 |
11.27 |
12.17 |
0.90 |
11.30 |
North Pit Extension |
|
SD-26-647 |
43.72 |
45.52 |
1.80 |
1.18 |
North Pit Extension |
|
SD-26-648 |
16.30 |
18.16 |
1.86 |
1.34 |
North Pit Extension |
|
98.45 |
99.45 |
1.00 |
3.50 |
||
|
SD-26-649 |
68.00 |
70.12 |
2.12 |
4.31 |
North Pit Extension |
|
including |
68.00 |
69.06 |
1.06 |
6.94 |
|
|
SD-26-650 |
87.90 |
93.00 |
5.10 |
1.03 |
North Pit Extension |
|
|
102.00 |
107.00 |
5.00 |
1.57 |
|
|
including |
106.00 |
107.00 |
1.00 |
3.45 |
|
|
|
137.48 |
139.00 |
1.52 |
1.89 |
Jubilee Shear – Lower |
|
SD-26-652 |
116.73 |
117.50 |
0.77 |
2.69 |
North Pit Extension |
|
136.70 |
137.71 |
1.01 |
9.40 |
||
|
SD-26-654 |
77.06 |
78.82 |
1.76 |
2.16 |
North Pit Extension |
|
SD-26-655 |
88.51 |
90.00 |
1.49 |
1.17 |
North Pit Extension |
|
SD-26-657 |
90.16 |
94.00 |
3.84 |
4.33 |
Hornblende Corridor |
|
173.06 |
174.00 |
0.94 |
20.40 |
||
|
SD-26-658 |
28.30 |
29.30 |
1.00 |
2.01 |
South Pit Infill |
|
SD-26-659 |
44.36 |
55.00 |
10.64 |
1.34 |
South Pit Infill |
|
53.20 |
55.00 |
1.80 |
5.31 |
Intercepts are calculated using a 0.40 g/t Au cut-off and a maximum of 6.0 m of internal dilution with no capping applied and are reported over core lengths. True widths are estimated to vary between 50 to 95% of the reported core length in the Jubilee Shear.
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