MRZ to Evaluate Gold Potential at Northern Lights Project
Released
Released
Announcement PDF
Level 8, 2 Bligh Street
Sydney NSW 2000
Mont Royal Resources Ltd
ACN: 625 237 658
E: info@montroyalres.com
www.montroyalres.com
ASX ANNOUNCEMENT
9 July 2026
MONT ROYALTO EVALUATE GOLD POTENTIAL AT
NORTHERN LIGHTS PROJECT
Till sampling programme to commence to test gold potential on the
Chateaufort property, located along strike from Benz Mining’s ~1Moz
Eastmain gold project
HIGHLIGHTS
• Approximately 60 till samples to be collected via helicopter-supported survey
across the northern Chateaufort Property.
• Survey designed to assess gold potential using gold-grain dispersion analysis.
• Target area located directly along strike from Benz Mining Corp’s (ASX: BNZ)
Eastmain gold project (Mineral Resource of 1,005,000oz at 6.1g/t Au).
• Field work expected to be completed in late July 2026, with preliminary HH-XRF
and pebble count data expected in August 2026.
MONTRÉAL, Quebec – 9 July 2026 – Mont Royal Resources Ltd (ASX: MRZ, TSXV: MRZL)
(“Mont Royal” or “the Company”) is pleased to advise that it plans to commence a
helicopter-supported till sampling survey across the Chateaufort Property in Québec,
Canada as part of the Summer Exploration Program and to satisfy annual minimum
expenditure requirements at its Northern Lights Lithium and Gold Project in Québec,
Canada.
The survey is designed to assess gold potential through the use of gold-grain dispersion
analysis in Quaternary deposits. The project area lies along strike from Benz Mining Corp’s
Eastmain Gold Project in the Upper Eastmain Greenstone Belt.
Mont Royal’s Managing Director, Mr. Nicholas Holthouse, said:
“The planned till sampling programme is designed to systematically evaluate the gold
potential along strike from the Eastmain Gold Mine and associated prospective
greenstone units. The gold and base-metal potential of the Eastmain extensions have
not been previously tested, and this survey will help refine future exploration priorities
across the property.”
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NORTHERN LIGHTS EXPLORATION
The Chateaufort Property is located approximately 300 kilometres north-east of
Chibougamau, Québec and is only accessible by helicopter as shown in Figure 1. IOS
Géosciences inc. has proposed a till sampling survey to assess the potential for gold
occurrences through the collection, processing and analysis of till samples, with the
sampling grid designed to take account of topography, wetlands and regional ice-flow
direction.
The proposed programme comprises two sampling lines spaced approximately 1.5 to 2.0
kilometres apart, with samples planned approximately every 250 to 300 metres. Based on
available Quaternary geological mapping and satellite imagery, approximately 60
samples are considered sufficient to cover the northern part of the Chateaufort Property
as shown in Figure 2.
Figure 1 Location of the Chateaufort property, James Bay Area.
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The mandate includes sampling grid design, field logistics, helicopter-supported sample
collection, sample processing, gold-grain counting, handheld XRF analysis of the fine
fraction, preparation and shipment of fine-fraction material for laboratory analysis and
reporting suitable for assessment work requirements.
Field work is scheduled to commence in mid-July 2026 and is expected to be completed
within approximately 5-6 days, excluding mobilisation and demobilisation. Samples will
be transported to Chicoutimi for processing, with preliminary HH-XRF and pebble count
data expected in August 2026 and the full report, including gold-grain counts, expected
in Q3 2026 following receipt and approval of assay results.
Figure 2 Location of the targeted till samples on the Chateaufort property. Background colours are indicative of surficial
deposit types.
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About Mont Royal
Mont Royal Resources Limited (ASX: MRZ, TSXV: MRZL) is a critical minerals development
and exploration company with projects located in Quebec, Canada. The Company is
dedicated to advancing its 100%-owned Ashram Rare Earth and Fluorspar Deposit in
Nunavik, Québec, Canada – one of the largest monazite-dominant carbonatite-hosted
Rare Earth Elements deposits in North America. In addition, the Company owns 75% of
Northern Lights Minerals 536km2
tenement package located in the Upper Eastmain
Greenstonebelt.Theprojectsare locatedin the emergingJames Bay area, a Tier-1mining
jurisdiction of Quebec, and are prospective for lithium, precious (Gold, Silver) and base
metals mineralisation (Copper, Nickel).
For further information regarding Mont Royal Resources Limited, please visit the ASX
platform (ASX: MRZ) or Mont Royal’s website www.montroyalres.com
Figure 3 Location of the Ashram REE & Fluorspar Project, the Northern Lights Project and the Port of Saguenay
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For and on behalf of the Board
ENDS
Joel Ives | Company Secretary
For further information please contact:
Nicholas Holthouse
Managing Director
info@montroyalres.com
Nicholas Read
Investor and Media Relations
nicholas@readcorporate.com.au
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.
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Important Notices & Disclaimers
Forward Looking Statements
This announcement contains certain “forward looking statements” within the meaning of
Australian securities laws and “forward looking information” within the meaning of
Canadian securities laws (collectively referred to as “forward looking statements”). All
statements, other than statements of historical fact, that address circumstances, events,
activitiesor developmentsthat could,or mayor will occur areforwardlookingstatements.
These forward-looking statements are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially from those
projected in the forward-looking information. Risks that could change or prevent these
events, activitiesor developmentsfromcomingto fruition include:actual resultsofcurrent
and future exploration activities; that Mont Royal may not be able to fully finance any
additional exploration on the Ashram Project; that even if Mont Royal is able raise capital,
costs for exploration activitiesmay increase such that Mont Royal may not have sufficient
funds to pay for such exploration or processing activities; the timing and content of the
proposed drill program and any future work programs may not be completed as
proposedor atall;geological interpretationsbasedon drillingthatmaychangewith more
detailed information; potential process methods and mineral recoveries assumptions
based on limited test work and by comparison to what are considered analogous
deposits that, with further test work, may not be comparable; testing of our process may
not prove successful or samples derived from the Ashram Project may not yield positive
results, and even if such tests are successful or initial sample results are positive, the
economic and other outcomes may not be as expected; the anticipated market demand
for rare earth elements and other minerals may not be as expected; the availability of
labour and equipment to undertake future exploration work and testing activities;
geopolitical risks which may result in market and economic instability; and despite the
current expected viability of the Ashram Project, conditions changing such that even if
metals or minerals are discovered on the Ashram Project, the project may not be
commercially viable, or other risks detailed herein and from time to time in the public
filings made by Mont Royal. Although Mont Royal has attempted to identify important
factors that could cause actual actions, events or results to differ from those described in
forward-looking statements, there may be other factors that cause such actions, events
or results to differ materially from those anticipated. These forward-looking statements
are based on Mont Royal’s current expectations, estimates, forecasts and projections
about its business and the industry in which it operates and management's beliefs and
assumptions, including the non-occurrence of the risks and uncertainties that are
described above and in the public filings made by Mont Royal or other events occurring
outside of our normal course of business, and are not guarantees of future performance
or development and involve known and unknown risks, uncertainties and other factors
that are in some cases beyond Mont Royal’s control.
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Forward looking statements in this announcement include, but are not limited to,
statements regarding; the goals, strategies, opportunities, technologies used, project
timelines and funding requirements; impact of combined management expertise and
prospective shareholding;; the plans, operations and prospects of Mont Royal and its
properties; the continued advancement of the Ashram Project to development; that
Ashram’s fluorspar component which makes it one of the largest potential sources of
fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar
markets; that Mont Royal is positioning to be one of the lowest cost rare earth element
producers globally, with a focus on being a long-term global supplier of mixed rare earth
carbonate and/or NdPr oxide; and that Mont Royal may explore the potential of other
high-value commodities on the Ashram Property and the expected timetable for dual
listing of Mont Royal’s shares; and statements about market and industry trends, which
are based on interpretation of market conditions. Forward looking statements can
generally be identified by the use of forward looking words such as “anticipate”, “expect”,
“likely”, “propose”, “will”, “intend”, “should”, “could”, “may”, “believe”, “forecast”, “estimate”,
“target”, “outlook”, “guidance” (including negative or grammatical variations) and other
similar expressions. No representation, warranty, guarantee or assurance, express or
implied, is given or made in relation to any forward looking statement. In particular no
representation, warranty or assumption, express or implied, is given in relation to any
underlyingassumption or thatanyforward-lookingstatementwill be achieved. Therecan
be no assurance that the forward-looking statements will prove to be accurate. Actual
and future events may vary materially from the forward-looking statements and the
assumptions on which the forward-looking statements were based, because events and
actual circumstances frequently do not occur as forecast and future results are subject
to known and unknown risks such as changes in market conditions and regulations.
Given these uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements, and should rely on their own independent enquiries,
investigations and advice regarding information contained in this announcement. Any
reliance by a reader on the information contained in this announcement is wholly at the
reader’s own risk.
To the maximum extent permitted by law or any relevant listing rules of the ASX/TSX-V,
Mont Royal and their respective related bodies corporate and affiliates and their
respective directors, officers, employees, advisers, agents and intermediaries disclaim
any obligation or undertakingto disseminate any updates or revisions to the information
in this announcement to reflect any change in expectations in relation to any forward
looking statements or any such change in events, conditions or circumstances on which
any such statements were based. Nothing in this announcement will, under any
circumstances (includingby reason of this announcement remaining available and not
being superseded or replaced by any other announcement or publication with respect to
Mont Royal or the subject matter of this announcement), create an implication that there
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has been no change in the affairs of Mont Royal since the date of this announcement.
Not Investment Advice
This announcement is not financial product, investment advice or a recommendation to
acquiresecuritiesofMontRoyal or Commerceand hasbeen preparedwithouttakinginto
account the objectives, financial situation or needs of individuals. Each recipient of this
announcement should make its own enquiries and investigations regarding all
information in this announcement, including, but not limited to, the assumption,
uncertainty and contingencies which may affect future operations of Mont Royal and the
impact that different future outcomes may have on Mont Royal. Before making an
investment decision, prospective investors should consider the appropriateness of the
information having regard to their own objectives, financial situation and needs, and seek
legal, taxation and financial advice appropriate to their jurisdiction and circumstances.
Unless otherwise stated, all dollar values in this Announcement are reported in Australian
dollars.
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