Mr. John Dorward reports
ROXMORE RESOURCES REPORTS ADDITIONAL DRILL RESULTS FROM THE CONVERSE GOLD PROJECT IN NEVADA
Roxmore Resources Inc. has released additional gold and silver assay results from the continuing infill and extension drill campaign at the company's flagship Converse gold project, located on the Battle Mountain-Eureka trend in Nevada, United States.
Highlights include hole CV26-017, which returned 85.3 metres grading 0.52 gram per tonne Au and 2.34 g/t Ag, which infilled between previous results reported on July 9, 2026. Located approximately 165 metres to the southeast, CV26-022 intersected 94.5 m grading 0.73 g/t Au and 2.34 g/t Ag.
Key highlights:
- CV26-017:
- 85.3 m grading 0.52 g/t Au and 2.34 g/t Ag from 207.3 m;
- 32.0 m grading 0.48 g/t Au and 2.85 g/t Ag from 300.2 m;
- CV26-020:
- 57.9 m grading 0.62 g/t Au and 3.02 g/t Ag from 76.2 m;
- Including 32.0 m grading 0.84 g/t Au from 77.7 m;
- 62.5 m grading 0.79 g/t Au and 3.16 g/t Ag from 163.1 m:
- Including 39.6 m grading 1.07 g/t Au from 178.3 m;
- CV26-022:
- 94.5 m grading 0.73 g/t Au and 2.34 g/t Ag from 114.3 m;
- Silver assay results continue to demonstrate a consistent association with gold mineralization that has been observed across the broader Converse deposit. Silver grades are commonly several times higher than the corresponding gold grades and at times exceed assayed gold grades by as much as eight times.
- With the objective to upgrade the classification of mineralization, all three highlighted holes were drilled within areas of the deposit currently classified as inferred mineral resources and the results continue to validate the company's robust geological model by further defining the continuity and predictability of mineralization.
- Mineralization remains open at depth and along strike.
- The drill program has now expanded to three active rigs, consisting of one reverse circulation (RC) drill rig and two diamond core rigs. A third core drill and second RC rig are expected to arrive later in 2026 to support an accelerated infill and expansion drilling program ahead of the planned prefeasibility study (PFS) next year.
John Dorward, executive chairman of Roxmore, commented: "These latest results continue to demonstrate the continuity and predictability we've come to expect from Converse, including the persistent silver values alongside gold mineralization across the deposit. We are also encouraged by early indications that the ongoing infill drilling may support improved grades and a more favourable strip ratio profile relative to our current models. With three rigs now turning, we are able to evaluate more of the deposit at a faster pace, and the geological model continues to perform in line with our expectations."
Drill program update
Roxmore has now mobilized three drill rigs at the Converse project to support the 30,000-metre phase 1 infill and extension drilling campaign. The expanded program is expected to accelerate the pace of infill drilling, which will support the updated mineral resource estimate to be incorporated into the company's planned PFS, currently targeted for completion in 2027.
The company expects to continue drilling throughout the remainder of 2026 and into 2027. Approximately 30,000 metres of indicated infill drilling have been planned, of which approximately 31 per centh as been completed to date.
Management update
Roxmore Resources is also pleased to announce the appointment of Robert Dufour in the role of chief financial officer, who will replace Zeenat Lokhandwala during her planned maternity leave of absence. Mr. Dufour brings extensive executive public mining company experience across all stages of the mine life cycle, having served as chief financing officer of various companies, including Crocodile Gold Corp. and Newmarket Gold Inc. (up until its acquisition by Kirkland Lake Gold). Most recently, he served as chief financial officer of Signal Gold Inc., where he was involved in advancing the Goldboro gold project through to feasibility study and project financing, up until its acquisition by Nexgold Mining Corp.
Qualified person
Vance Spalding, executive vice-president, exploration, of Roxmore, is a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed the available data, composites and quality assurance/quality control information related to the drill program and has approved the scientific and technical disclosure contained in this news release on behalf of the company.
Quality assurance/quality control
Drill core is generally extracted from the core tube and split tubes by the drill contractor and placed in core boxes with appropriate depth markers noting recovery. Full core boxes are then sealed before being transported by Roxmore's personnel to Roxmore's facility in Winnemucca, Nev., where it is geologically and geotechnically logged by Roxmore geologists: checked for recovery, photographed and marked for assays. The core is cut in half and placed in plastic bags, zip tied and grouped in burlap sacks and sealed for transport to either the ALS Global preparation facility in Elko, Nev., or to the Actlabs facility in Kamloops, B.C. The retained half-core is stored at Roxmore's facility in Winnemucca, Nev.
RC chips are collected into five-gallon woven polyethylene bags in five-foot intervals and sealed by the drill contractor. The target weight of samples is three to five kilograms. Bags are prelabelled with sample numbers and depth intervals and validated against a sampling sheet. Every 30th sample is a field split duplicate. RC chips are geologically logged in the field by Roxmore geologists. Chip trays are transported to Roxmore's processing facility by Roxmore's personnel to Roxmore's facility in Winnemucca, Nev., where they are photographed and stored. RC samples are grouped in burlap sacks and sealed for transport in the field. Samples are transported to the ALS Global preparation facility in Elko, Nev.
About Roxmore Resources Inc.
Roxmore is focused on developing its flagship Converse gold project, one of the largest undeveloped gold deposits not owned by a major mining company in Nevada, United States. The Converse gold project is located within the prolific Battle Mountain trend. With decades of expertise in Nevada and globally, the company's board and management are focused on unlocking the potential of this project.
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