REG-Richmond Hill Resources Plc: Martello update

Richmond Hill ResourcesAnnouncement

14/04/2026 07:02

14 April 2026

 

Richmond Hill Resources Plc

("                     Richmond Hill                    " or the "            
        Company                    ")

 

Martello update

 

Richmond Hill Resources announces that its drilling programme at the Martello
Gold Project has now been completed with cores having been sent to Winnipeg to
be submitted for assaying. In aggregate 1,307 metres ("m") of drilling was
completed across seven holes.

Hole TB26-001 intersected an 84m Quartz Feldspar Porphyry ("QFP") unit with
high gold potential, highly silicified with colours ranging from dark grey to
pale green. The interval from 104m to 156m contained sparse quartz veinlets
bearing sulphides, with a notable 8cm quartz vein at 128.3m. Below the QFP, a
medium-grained mafic intrusive (diorite) unit extended from 156m to 187.75m.
Two brecciated and sheared carbonate veins bearing sulphides were observed in
the lower mafic volcanic sequence and will be tested for gold potential.

Hole TB26-002 yielded significant mineralisation within the QFP unit with two
QFP intercepts measuring 45.5m and 14m in thickness. Minor quartz veining with
disseminated pyrite was observed throughout. The hole also intersected
substantial brecciated quartz veining in sheared mafic volcanics, including a
22cm vein and 40cm vein with pyrite clots. Historical gold association with
sheared mafic volcanics will be tested.

Hole TB26-003 reached target depth. Early drilling through the target interval
at 101 metres encountered diorite with several fault zones but no QFP or
significant veining intersected to date in this location.

Hole TB26-004 intercepted QFP from 114.5-122m, 126-129m and 134.75-136.25m.
Drilling was shut down early due to intercepting relatively barren mafic
volcanic rock.

Hole TB26-005 intercepted QFP from 28m to 64m: a 32m interception of the unit.
One 15cm breccia vein was observed in the unit.

Hole TB26-006: the QFP unit ended at approximately 179.5m with a total
thickness of 38.5m.

HoleTB26-007: QFP intersection from 130 to 156m with a thickness of 26m.
Brecciated quartz vein from 156 to ~156.75m with sulphides.

Drilling Details

 Hole ID   Pad  Azimuth  Dip  Target Depth (M)  Final Depth (M)  Status    
 TB26-001  1    260      80   175               200              Complete  
 TB26-002  1    215      70   200               200              Complete  
 TB26-003  2    60       70   200               200              Complete  
 TB26-004  3    240      70   200               176              Complete  
 TB26-005  3    20       75   125               125              Complete  
 TB26-006  4    260      75   200               200              Complete  
 TB26-007  4    210      80   200               206              Complete  

 

Hamish Harris commented: "It's pleasing to have finished our maiden drilling
campaign in good time and we look forward to receiving the assay results in
the coming weeks."

Qualified Person

The technical information contained in this disclosure has been read and
approved by Sheldon Modeland, P.Geo, a director of the Company and a current
member of Association of Professional Geoscientists of Saskatchewan and acts
as the Qualified Person under the AIM Rules - Note for Mining and Oil & Gas
Companies.

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

 

 Richmond Hill Resources   Hamish Harris                                                 Tel: +44 (0) 203 582 6636  
 Cairn Financial Advisers LLP (Nominated Adviser)   Ludovico Lazzaretti / James Western  Tel: +44 (0) 20 7213 0880  
 Clear Capital Limited (Broker)   Bob Roberts                                            Tel: +44 (0) 20 3869 6080  
                                                                                                                    

Further information on the Company can be found on its website at             
                    www.richmondhillresources.com

 

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 

 



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