Gold Bulletin

Wednesday, July 15, 2026

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Market Commentary

Today's Interesting Company News

Falcon Gold Commences Drill Tender Process for Central Canada Gold Project

(TSXV: FG) Falcon Gold Corp. announced that it has commenced the drill tender process for its fully permitted Central Canada Gold Project located near Atikokan, Ontario. The company recently received approval for a diamond drilling program consisting of up to 20 drill holes totaling approximately 2,500 metres. Previous drilling campaigns confirmed high-grade gold mineralization, including highlights of 10.17 g/t Au over 3.0 metres, 18.6 g/t Au over 1.0 metre with visible gold, and 2.8 g/t Au over 7.5 metres. Falcon has completed two phases of diamond drilling at the Central Canada Gold Project to date. The company maintains a 49% interest in the Burton Gold Property in partnership with IAMGOLD near Sudbury, Ontario, and holds exploration-stage gold targets in British Columbia through the Spitfire and Sunny Boy claims. The company projects that contractor selection for the upcoming drill program is expected to be completed in the coming weeks, with mobilization subject to financing, contractor availability, and operational scheduling. Falcon continues to strengthen its strategic position within the Atikokan-Hammond Reef Gold District through the recent acquisition of the West Hammond Contact Property.

Masivo Confirms High-Grade Gold-Copper Mineralization Beneath Historic Boston Mine With 45 Ft. of 3.25% Cu Equivalent Including 5ft. of 6.39% Cu Equivalent

(TSXV: MASS) Masivo Silver Corp. reported drill results from its Boston Mine Project in northeastern Nevada, confirming the continuation of high-grade gold, silver and copper mineralization beneath the historic underground workings. Seven drill holes were completed, including BM21-01 which returned 5 ft. of 2.86g/t Au, 84.7g/t Ag, 2.67% Cu (6.39% CuEq) within a broader zone of 45 ft. of 1.73g/t Au, 34.7g/t Ag, and 1.14% Cu (3.25% CuEq). The historic Boston Mine was developed with a 190 ft. shaft and underground workings on two levels at 90 and 190 ft., with historic reports describing shipments with grades up to 6.8% Cu, 226 g/t Ag and 9 g/t Au. More recent channel sampling of the upper mine level returned values up to 35.5g/t Au, 37.4g/t Ag, and 1.14% Cu. The company announced it will grant up to 4,000,000 incentive stock options to certain directors, officers, employees and consultants at an exercise price of $0.10 per common share for a period of five years. The company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. The company projects that mineralization remains open for expansion at depth and along strike, and plans to prioritize future drill targets across the broader project area.

NevGold Announces Mineral Resource

(TSXV:NAU, OTCQX:NAUFF) NevGold Corp. announced its maiden gold-antimony Mineral Resource Estimate (MRE) for the Limo Butte Project in Nevada. The MRE includes 181,400 ounces of gold Measured & Indicated at 0.37 g/t Au (15.2 Mt) and 1,203,500 ounces Inferred at 0.32 g/t Au (117.5 Mt) within the Base Case pit shell. For antimony, the Base Case shows 31,800 Sb tonnes Measured & Indicated at 0.21% Sb (15.2 Mt) and 75,700 Sb tonnes Inferred at 0.09% Sb (117.5 Mt). The company highlights a targeted 20,000 meter 2026 drill program focused on MRE expansion and exploration. The effective date of the mineral resource estimate is July 15, 2026, and all resources are reported in accordance with NI 43-101. The company projects further metallurgical testwork to advance the Project to a Prefeasibility Study on the near-term antimony production scenario and a Preliminary Economic Assessment on gold-antimony at Resurrection Ridge, Cadillac Valley, and Northern Zones. Management anticipates that a gold-only project development strategy would have lower capital and operating costs, and a lower cut-off grade, than the gold-antimony extraction scenario.

Galleon Gold Extends Zone #9 Corridor at West Cache to Over 500 Metres of Vertical Extent

(TSXV:GGO) (OTCQX:GGOXF) Galleon Gold Corp. announced drill results from its newly discovered extension of Zone #9 at its 100%-owned West Cache Gold Project in Timmins, Ontario. The results extend Zone #9 mineralization 360 metres down-plunge (350 metres down-dip) from the planned bulk sample stopes to a vertical depth of 500 metres. Drill hole WC-26-238 returned 2.03 g/t Au over 23.25 m, including 6.01 g/t Au over 4.05 m, and is located 60 m down-dip and 45 m west of WC-26-237, which previously returned 16.07 g/t Au over 9.25 m. Drill hole WC-26-240 returned 2.61 g/t Au over 12.0 m, including 3.32 g/t Au over 9.0 m, approximately 200 m down-dip of the planned bulk sample stopes. Drill hole WC-26-236 extended the strike length of the deeper extension of Zone #9 to over 125 m, returning 0.59 g/t Au over 11.3 m and 0.95 g/t Au over 4.07 m in the hanging wall. The company is advancing the West Cache Gold Project with a disciplined, de-risking strategy centered on resource growth and an upcoming 86,500-tonne bulk sample program. The company projects that Zone #9 mineralization may be incorporated into future mine planning following completion of the bulk sample program.

Revival Gold Intersects 1.65 G/t Gold Over 30.5 Meters & 0.92 G/t Gold Over 30.5 Meters at Mercur Project in Utah

(TSXV: RVG) (OTCQX: RVLGF) Revival Gold Inc. announced first results and an update on this year's drilling program at the Mercur Gold Project located in Utah, U.S.A. The company has completed 7,400 meters in 74 holes of this year's planned 18,000-meter drilling program, with results received for the first thirteen reverse circulation drill holes. Notable results include 1.65 grams per tonne gold over 30.5 meters width at 128 meters downhole in RM26-204 and 0.92 g/t gold over 30.5 meters width at 145 meters downhole in RM26-183. Drilling is ongoing with two RC rigs at Main Mercur, and two additional rigs are expected to arrive later this summer. Approximately 8,500 meters of infill RC drilling is planned for Mercur this year to convert Inferred Mineral Resources to the Measured & Indicated categories in support of a Preliminary Feasibility Study targeted for completion by the end of Q1-2027. An additional 2,500 meters of RC drilling, 1,200 meters of core drilling, and 600 meters of auger drilling are planned for resource expansion, with geotechnical, hydrological, and condemnation drilling expected to make up an additional 5,200 meters.

North Arrow Drills 12 M Grading 1.71 G/t Au Within 27 M Grading 1.11 G/t Au at Target AE and 9m Grading 4.04 G/t Au at Target AF, Kraaipan Gold Project, Botswana

(TSXV:NAR) (OTCQB:NHAWF) North Arrow Minerals Inc. reported assay results from Rotation 2 reverse circulation drilling at Targets AE and AF and announced the discovery of an exposed gold-bearing zone in the hanging wall of Target AE, as part of the Company's US$2.3 million 2026 exploration program at the Kraaipan Gold Project in southern Botswana. Drilling confirmed wide zones of gold mineralization in altered banded iron formation that are continuous along the drill-tested strike at both targets — 260 m at AE and 450 m at AF. Highlight intercepts include 27 m @ 1.11 g/t Au at AE and 9 m @ 4.04 g/t Au at AF. Anomalous gold mineralisation was intersected in 21 of 22 completed RC holes, with bedrock gold intercepts returned in all 8 RC holes (479 m) at AE and in 13 of 14 RC holes (719 m) at AF. A new Au-bearing zone was identified in the hanging wall of AE, with a surface grab sample returning a high value of 6.7 g/t Au and a mapped strike extent of 200 m. The company projects that mineralization remains open along strike and at depth at both targets, and that Rotation 3 regional drilling is now underway.

Gold X2 Announces Proposed Spin-Out of Net Smelter Royalty to Shareholders, Filing of New York Stock Exchange Listing Application and Share Consolidation

(TSXV: AUXX) (OTCQB: GSHRF) Gold X2 Mining Inc. announced its intention to create and spin-out a 1.00% Net Smelter Royalty (NSR) on any potential future mineral production at the Moss Gold Project. The NSR will be placed in a wholly-owned subsidiary (SpinCo), with SpinCo Shares to be distributed to Gold X2 Shareholders at a time to be determined by Management and the Board of Directors. Gold X2 has applied to list its common shares on NYSE American LLC and will seek TSXV approval to consolidate all issued and outstanding common shares at a ratio of 6:1, reducing the number of shares from 606,660,561 to approximately 101,110,094. The company has invested over $150 million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold Project, which has had over 300,000 meters of drilling in aggregate. The 2026 updated NI 43-101 mineral resource estimate for the Moss and East Coldstream Deposits reports 2.458 million ounces of Indicated gold resources at 1.04 g/t Au and 4.209 million ounces of Inferred gold resources at 0.97 g/t Au. The Moss Deposit also has a silver MRE of 3.160 million ounces of indicated silver resources at 1.53 g/t Ag and 6.273 million ounces of inferred silver resources at 1.55 g/t Ag. The company projects that the Moss Gold Project has the potential to support a long-life mining operation with a strong production profile and low production costs.

Founders Metals Provides Mid-Year Exploration Update Across Four Targets; Confirms New Antino Northeast Discovery With 58.5 M of 1.00 G/t Gold

(TSXV: FDR) (OTCQX: FDMIF) Founders Metals Inc. announced surface exploration and drilling results from its fully funded 70,000-metre drill program at the Antino Gold Project in southeastern Suriname. The company reported a new gold discovery at Antino Northeast, with first-ever drilling confirming a kilometre-scale gold-in-auger anomaly and a 1,200 m drill-confirmed strike length, including 58.5 metres of 1.00 grams per tonne (g/t) gold from 18.6 m (ANE009). At Antino North, drilling has tested and confirmed mineralization along three of twelve mapped northwest-trending parallel shear zones, with results such as 16.5 m of 1.82 g/t Au from 8.1 m (AN002) and 8.1 m of 3.42 g/t Au from surface (AN009). At Maria Geralda, fifteen new deep auger holes expanded the high-grade gold footprint, with intercepts including 30.0 m of 4.52 g/t Au (MGAD061) and 23.0 m of 5.31 g/t Au (MGAD062). At Antino West, a 35-metre-wide shear zone with visible gold was intersected in drill hole FR251, 50 m along strike from the previously released discovery hole (FR217: 53.1 m of 1.21 g/t Au), with assays pending. The company plans follow-up drilling at Antino Northeast and Maria Geralda, and additional drilling at Antino West to test the extent of the mineralized system.

Goldstorm Metals Commences Phase 1 Drill Program at the Crown Project, British Columbia

(TSXV: GSTM) Goldstorm Metals Corp. announced the commencement of a diamond drill program on its 100% owned Crown copper-gold-silver property, located within the Golden Triangle region of British Columbia. The Phase 1 part of the Program is expected to consist of approximately 3,000 metres of diamond drilling, beginning with three drill holes focused on the Copernicus copper-gold geochemical trend, which overlies a 1.2-kilometre-long induced polarization ("IP") chargeability anomaly. Drill testing will also be undertaken at the recently discovered Delta West gold-mineralized zone, with a minimum of two drill holes targeting shear hosted gold and silver mineralization. Based on encouraging results from the Phase 1 drilling, the Company intends to proceed with a Phase 2 drill program totaling approximately 6,000 metres. The Company revised the total compensation payable to Research Capital Corporation under the Advisory Agreement to a total of $42,000, with no share purchase warrants to be issued. Goldstorm's flagship projects, Crown and Electrum, cover an area that totals 16,469 hectares over 6 concessions, of which 5 are contiguous.

Xali Gold Strengthens Technical Team at Pico Machay

(TSXV:XGC) Xali Gold Corp. announced the appointment of Ing. Wilder Frank Garcia Haro as Exploration Manager, effective immediately. Ing. Garcia brings more than 30 years of international exploration and mine development experience, including senior roles at Rio Alto, Tahoe Resources, Newmont, Barrick Gold, Gold Fields, and Antamina. From 2012 to 2019, he held senior leadership roles at the La Arena and Shahuindo mines, focusing on exploration, resource expansion, and mine geology. The company has engaged GRA Enterprises LLC DBA National Inflation Association to provide investor relations services for an initial period of six (6) months for a total fee of USD$75,000, payable in three installments: USD $30,000 upon signing, USD $30,000 due on July 15, 2026, and USD $15,000 due on August 15, 2026. The company shall have three options to renew the agreement for additional terms of three, six, or twelve months, with renewal fees of USD$50,000, USD$75,000, or USD$120,000, respectively. Xali Gold is focused on the exploration and development of Pico Machay, an advanced exploration-stage gold project in Peru, with a near-term production goal. The company projects updated mineral resource estimates, updated Preliminary Economic Assessment, and development activities for the Pico Machay Project.

Alpha Commences Drilling at Aburna Gold Project and New Targets Identified

(TSXV: ALEX) Alpha Exploration Ltd. announced it has started both core and reverse circulation drilling at its Aburna Gold Project, with approximately 6,500 metres of drilling planned in this fully funded 2026 phase one exploration campaign. The Aburna corridor is a tract of prospective terrain measuring some 7 by 2 kilometres, and the Aburna Gold Project is located within Alpha's 100% owned, 514 km² Kerkasha Project located in Eritrea. The company recently completed financing of approximately C$ 7.5 million. The initial 2026 Aburna drilling plans to deploy 60% of the metres on expansion of the existing prospect footprints and 40% testing newly identified targets within the 7-kilometre long Aburna corridor. The company granted an aggregate of 1,300,000 options to purchase ordinary shares at a price of C$0.48 per share, expiring three years from the date of grant, and cancelled an aggregate of 300,000 options with exercise prices of C$0.64 and C$0.90 per share. The company projects that results from this drilling campaign will be reported in batches as they become available in the coming months.

Southern Cross Gold Hits 26.2 G/t Gold in First Deep Drilling Beneath Historic Redcastle Goldfield

(TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) Southern Cross Gold Consolidated Ltd announced results from two drill holes at the 100%-owned Redcastle Project in Victoria, including 26.2 g/t Au over 0.14 m from 112.98 m and 15.4 g/t Au over 0.22 m from 321.84 m in drill hole SDDRE016 at the Laura prospect. SDDRE016 intersected gold and antimony bearing vein mineralisation over more than 250 m of vertical extent, with visible gold, and returned eight separate high-grade gold intervals. Redcastle hosts 14 individual reefs across a 900 m cross-strike corridor and combined historic workings over 17 km of strike, with most areas never drill tested below approximately 50 m depth. Eleven drill rigs are now operational across the 10 km strike at Sunday Creek, with a 200,000 m drill program advancing through to Q1 2027 and results pending from 71 holes. Historic mining at Redcastle included the Welcome Group extracting 20,583 oz at 254.6 g/t Au over 2 km of strike length down to 125 m, and the Redcastle Gold Mining Company producing 35,000 oz at 33 g/t Au from Clarke's Reef. The company projects further drilling to define strike and dip continuity between intercepts and plans to advance the drill program through to the first quarter of 2027.

West Red Lake Gold Reports Strong Q2 Operating Progress With 73% Increase in Mined Ounces and 51% Higher Gold Production Over Q1 at Madsen Mine

(TSXV: WRLG) (OTCQX: WRLGF) West Red Lake Gold Mines Ltd. provided an operational update for the second quarter ended June 30, 2026, highlighting a 46% increase in mined tonnage to 75,524 tonnes in Q2 from 51,616 tonnes in Q1. Gold production totaled 8,576 ounces during Q2 2026, representing a 51% increase from the 5,667 ounces produced in Q1 2026. The mill achieved average processing rates of approximately 842 tonnes per day, and a surface stockpile of approximately 10,768 tonnes containing about 1,500 ounces of gold was generated by the end of Q2. The average mined grade increased to 4.3 g/t in Q2 from 3.5 g/t in Q1, and the gold recovery rate remained steady at 95%. The company will release its unaudited financial and operating results for the three and six months ended June 30, 2026 on August 25, 2026, with a webcast scheduled for August 26, 2026. The company projects processing rates to increase to approximately 1,000 tpd over the second half of 2026 and targets full-year production guidance of 35,000 to 45,000 ounces of gold.

Mexican Gold Mining Corp. to Effect Share Consolidation and Name Change and Announces Closing of $2,299,000 Subscription Receipt Financing

(TSXV: MEX) Mexican Gold Mining Corp. announced the closing of its previously announced non-brokered private placement of 11,495,000 subscription receipts at a price of $0.20 per Subscription Receipt for aggregate gross proceeds of $2,299,000. Upon completion of the previously announced plan of arrangement, each Subscription Receipt will automatically convert into one unit of the Company, with each unit consisting of one common share (on a post-Consolidation basis) and one-half of one common share purchase warrant. Jack Campbell, CEO and Chairman of the Company, subscribed for 300,000 Subscription Receipts under the Concurrent Financing. The Company paid cash finders' fees of $500 in connection with the Concurrent Financing. The Company anticipates closing the Arrangement on or about July 16, 2026, and will consolidate its common share capital on a 1.6667-for-one basis and change its name to "Platauro Metals Corp.". Effective at the open of markets on or about July 20, 2026, the common shares will commence trading on a post-Consolidation basis under the new name and ticker symbol "PURO" and new CUSIP 727632101. The net proceeds of the Concurrent Financing will be used for exploration of the Princesa project, exploration of the Rowdy claim at Tatatila, legal fees associated with the Las Minas claims dispute, and for general corporate and working capital purposes.

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