Gold Bulletin

Thursday, May 7, 2026

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Interesting Company News Today

Fredonia Expands El Dorado–Monserrat District to ~33,500 Hectares, Consolidating a Continuous Gold-Silver Corridor Adjacent to Cerro Vanguardia

Fredonia Mining Inc. (TSXV: FRED) has completed the acquisition of approximately 11,754 hectares of mineral properties from a subsidiary of Pan American Silver Corp., expanding its consolidated land position in the Deseado Massif, Santa Cruz Province, Argentina, from about 21,800 hectares to approximately 33,500 hectares—an increase of more than 50%. The acquired properties include prior mapping, trenching, limited drilling, and technical datasets, and are contiguous with Fredonia's flagship El Dorado–Monserrat (EDM) gold-silver project. The transaction involves a total cash consideration of US$225,000, payable in instalments, and is subject to a 1.5% NSR royalty and an additional 0.3% NSR royalty capped at US$800,000. Fredonia's EDM project currently hosts a measured and indicated mineral resource of approximately 2.25 million ounces of gold equivalent, and the company is advancing a Preliminary Economic Assessment alongside a 10,000-metre drill program.

GoldHaven Upsizes Flow-Through Financing to up to $1.2 Million on Strong Demand to Expand 2026 Drill Program at Magno

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) announced an increase in its previously announced flow-through non-brokered financing to gross proceeds of up to $1,200,000, due to strong investor demand. The additional capital will support the company's fully funded 2026 exploration program at its flagship Magno Project in the Cassiar District of British Columbia, with an expanded drill campaign targeting a large-scale, multi-phase mineral system. The total flow-through proceeds raised by the company in 2026 will be approximately $3.2 million. High-grade surface results include up to 2,370 g/t silver, >20% lead, 19.25% zinc, and up to 6,550 ppm tungsten. The company holds a 37,000+ hectare land package and three critical mineral projects totaling 123,900 hectares in Brazil.

Great Atlantic Commences 2026 Field Program to Advance High Priority Targets at Golden Promise

Great Atlantic Resources Corp. (TSXV: GR) announced the commencement of its 2026 exploration program at the Golden Promise Gold Property in the central Newfoundland gold belt. The program includes prospecting, geochemical sampling, and trenching in areas with identified gold, silver, copper, and other anomalies. Notable 2024 sampling results include gold values up to 0.964 g/t and copper values over 10,000 ppm. The company plans three trenches in May and June 2026 in the southwest region and up to five trenches in the east-central region. A National Instrument 43-101 compliant inferred resource estimate for the Jaclyn Main Zone reported 357,500 tonnes at 10.4 g/t gold (119,900 inferred ounces of gold - uncapped) as of late 2018.

Magna Terra Acquires the Shellbird Gold Project in Western Newfoundland via Staking; Identifies Orogenic Gold Potential Along Major Fault System

Magna Terra Minerals Inc. (TSXV: MTT) announced the acquisition of the Shellbird Gold Project, located in western Newfoundland. The project comprises 5 mineral licences (1,226 claims) totaling 30,650 hectares and is situated along the Doucer's Valley Fault Zone, a region known for orogenic gold mineralization. Historic prospecting returned grab sample results of up to 2.33 g/t gold and government lake sediment samples assayed up to 9 ppb gold. The acquisition aligns with Magna Terra's strategy of identifying early-stage, low-cost generative projects and provides operational synergies with its nearby projects. The company also holds interests in other projects in Atlantic Canada and Argentina, and has optioned projects for total consideration of $10.075 million and $2.375 million over 4-year periods.

Bold Ventures Announces Additional Results from Drilling at Burchell

Bold Ventures Inc. (TSXV: BOL) announced results from holes BL-26-03 and BL-26-04a from the first phase of drilling at its Burchell Project in Ontario, Canada. Four holes totaling 669 meters were completed, identifying a notable system of gold, zinc, and copper mineralization. A Phase II drilling program with more than 800 meters in 6 holes has also been completed, with results pending. Highlights include 0.42 g/t Au over 19.0 meters and 1.1 g/t Au over 5.0 meters from hole BL-26-01, and 0.24% Zn over 14.0 meters from BL-26-03. The results are considered encouraging and will inform future exploration programs.

Orestone Reports First Gold Assays from Francisca Surface Exploration Program

Orestone Mining Corp. (TSXV: ORS) announced initial assay results from the Phase I exploration program at the Francisca Gold Project in Salta Province, Argentina. Highlights include Trench T8 with 23.47 metres of 4.71 g/t gold and 28.54 g/t silver, including 6.26 metres of 12.31 g/t gold and 92.40 g/t silver. Trench T7 returned 36.97 metres grading 0.78 g/t gold with 7.20 g/t silver. The results confirm a robust gold-silver mineralized stockwork system exposed on the surface. The company is preparing for a Phase I drilling program to test this large gold target.

Daura Gold Advances Option to Phase Two Drilling at Cerro Bayo and La Flora

Daura Gold Corp. (TSXV: DGC, OTCQB: DGCOF) has advanced to Phase Two drilling at its Cerro Bayo and La Flora gold-silver projects in Santa Cruz Province, Argentina, under an option agreement with Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF). The company completed its initial drill program at Cerro Bayo, totaling 18 holes across 10 priority targets for approximately 1,850 metres, and is awaiting assay results expected in the coming weeks. Drill permit applications for La Flora have been submitted, with initial drilling targeted for Q3/Q4 2026. Daura aims to create a sustained exploration pipeline with multiple opportunities for discovery across its Argentine portfolio.

Vior Gold Corporation Intersects 12.8 g/t Au Over 2.0 Meters and 5.45 g/t Au Over 3.0 Meters

Vior Gold Corporation Inc. (TSXV: VIO, OTCQB: VIORF) announced additional results from its ongoing 20,000-metre drill program at its 100%-owned Ligneris Project in Quebec. Notable drill results include 5.45 g/t Au over 3.0 meters (including 14.8 g/t Au over 1.0 meters), 0.79 g/t Au over 40.3 meters (including 1.19 g/t Au over 15.0 meters), and 12.8 g/t Au over 2.0 meters (including 22.3 g/t Au over 0.5 meters). The South Zone mineralized structure has now been identified over more than 650 meters laterally and 650 meters vertically. Approximately 17,000 meters of drilling have been completed, with 5,725 assays received and 9,920 pending. The company is also preparing its first drilling campaign on the recently acquired Kinebik Project, expected to start early this summer.

Westhaven Returns 54m Grading 8.99 g/t Au & 55 g/t Ag from Resource In-Fill Drilling and Initiates South Zone Pre-Feasibility Study, Shovelnose Gold and Silver Project, Southern British Columbia

Westhaven Gold Corp. (TSX-V: WHN, OTCQB: WTHVF) announced an update on its 2026 field activities at the Shovelnose gold and silver project in southern British Columbia, including initial mineral resource in-fill drilling results and the start of a Prefeasibility Study (PFS) for potential mine development at the South Zone deposit. The work is funded by a strategic earn-in agreement with Dundee Corporation, which may earn up to a 60% interest through up to CDN$85,000,000 in staged project expenditures, with a minimum commitment of CDN$30,000,000 in the first phase. To date, 8,537m of drilling (32 drill holes) have been completed, representing ~23% of the planned program, with notable assay results such as 54.0m grading 8.99 g/t Au and 55 g/t Ag. The drill program is expected to ramp up to four drills by May 15, 2026, and the PFS is anticipated to be completed in H2 2027.

PAN GLOBAL REPORTS SURFACE HIGH-GRADE GOLD WITH 20.2 g/t OVER 5.0 METERS AT CÁRMENES PROJECT, SPAIN

Pan Global Resources Inc. announced new twin saw-cut channel sampling at surface, which returned 20.2 g/t gold over 5.0 meters, confirming high-grade gold mineralization at the Providencia target within the Cármenes Project in northern Spain. Underground mapping of historical mine workings has confirmed a substantial widening of the mineralized system at depth. The drill program has been expanded to eight drillholes, and further underground and surface sampling is in progress. Ongoing district-scale exploration is being conducted at more than 25 high-priority targets across the Cármenes Project area. These results indicate the system is widening and remains open at depth, which may be significant for investors.

Galloper Announces Plans to Commence 2026 Drilling Program at Glover Island Property

Galloper Gold Corp. (CSE: BOOM) announced plans to commence its 2026 drilling program at Glover Island, targeting new high-grade gold targets at the Lunch Pond South Extension (LPSE) gold deposit. The program will also include regional exploration drilling at Lucky Smoke to expand the mineralized envelope and increase company asset inventory. The company recently released an updated LPSE Mineral Resource Estimate (MRE) and plans up to 7000m of diamond drilling with expectations of over 25 boreholes. Galloper Gold Corp. controls mineral rights to over 30km of strike length of the Kettle Pond Formation on Glover Island. The property comprises 466 mining claims on 13 mineral licences covering 116.6sqkm (11,660 Ha).

Silver47 Reports New High-Grade Rock Sample Results from the Expanded Kennedy Gold-Silver Project, Nevada

Silver47 Exploration Corp. (TSXV: AGA, OTCQX: AAGAF) reported results from a comprehensive rock sampling and geological mapping program at its wholly owned Kennedy gold-silver Project in Nevada. High-grade results include 38.7 g/t Au and 1,713 g/t Ag from the Borlasca Vein, 9.7 g/t Au and 1,351 g/t Ag from the Danneburg Vein, and 7.1 g/t Au and 1,566 g/t Ag from the Wallace Vein. The sampling program covered a recently expanded 6,150-acre project area, with 70 new rock samples collected. The company is advancing exploration with ground geophysics and soil-geochemistry underway to further refine drill targets.

Alaska Silver Announces Simplification of Capital Structure

Alaska Silver Corp. (TSXV: WAM) announced the simplification of its dual-class share structure by eliminating proportionate voting shares and renaming subordinate voting shares as 'Common Shares.' This Capital Alteration was approved by the board on May 6, 2026, and follows the conversion of all outstanding proportionate voting shares into subordinate voting shares on March 9, 2026. The Common Shares are anticipated to begin trading on the TSX Venture Exchange under a new CUSIP (01176C208) and ISIN (CA01176C2085) at the open of market on May 11, 2026. The company also highlighted its Illinois Creek Project in western Alaska, which includes an Inferred Mineral Resource of 75 Moz AgEq at Waterpump Creek and Indicated Mineral Resources of 260,000 oz gold and 8.3 Moz silver at the Illinois Creek Mine.

Dundee Corporation Announces Results of In-Fill Drilling at Westhaven’s Shovelnose Gold and Silver Project, Southern British Columbia

Dundee Corporation (TSX: DC.A) has provided an update on Westhaven Gold Corp’s 2026 field activities at the Shovelnose gold and silver project in southern British Columbia. Dundee completed a strategic earn-in agreement with Westhaven, allowing it to earn up to a 60% interest in four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures, with a minimum commitment of CDN$30,000,000 for the first phase. As of this update, 8,537m of drilling (32 drill holes) have been completed, representing approximately 23% of the planned mineral resource drilling program, with notable assay results including 54.0m grading 8.99 g/t Au and 55 g/t Ag. The Prefeasibility Study (PFS) for the South Zone deposit is underway and expected to be completed in H2 2027. These developments are significant for investors as they indicate ongoing progress and substantial investment in advancing the Shovelnose project.

GreenLight Metals Signs Binding Term Sheet with Barrick for Staged Earn-In Joint Venture at Kalium Canyon Project in Nevada's Walker Lane

GreenLight Metals Inc. (TSXV: GRL, OTCQB: GRLMF) has signed a binding term sheet with a wholly owned subsidiary of Barrick Mining Corporation for a staged earn-in and joint venture at GreenLight's Kalium Canyon gold project in Esmeralda County, Nevada. Barrick may earn an initial 60% equity interest by completing US$7.5 million in Qualifying Exploration Expenditures and making aggregate cash payments of US$1.0 million to GreenLight over six years. Barrick can increase its interest to 70% by funding an additional US$12.0 million in exploration over four years, and up to 80% by completing a pre-feasibility study at its sole cost within 48 months. All costs during the earn-in periods will be funded solely by Barrick. The agreement is binding but subject to final documentation and customary conditions.

Cabral Gold Announces Additional Results of Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, Brazil. Doubles Number of Drill Rigs on Site to Six

Cabral Gold Inc. (TSXV: CBR, OTCQX: CBGZF) announced results from 30 additional shallow reverse circulation (RC) holes drilled at the MG starter pit within the Cuiú Cuiú Gold District, Brazil. The company has completed 133 infill RC holes totaling 4,800m out of a planned 155 holes at MG, with notable intercepts including 48m @ 0.65 g/t gold and 30m @ 1.45 g/t gold. Cabral is doubling its exploration drilling effort, increasing the total rig count to 6, and construction of its Phase 1 gold-in-oxide heap leach operation is now 70% complete. The company holds a 100% interest in the Cuiú Cuiú gold district, with NI 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. Commercial gold production is expected to commence in Q4 2026.

T2 Metals Announces NI 43-101 Mineral Resource Estimate at the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada

T2 Metals Corp. (TSXV: TWO, OTCQB: TWOSF) announced an independent NI 43-101 Mineral Resource Estimate for its Sherridon Copper-Zinc-Gold-Silver Project in Manitoba. The estimate includes a Total Indicated Mineral Resource of 10.04 million tonnes grading 1.0% CuEq and a Total Inferred Mineral Resource of 18.15 million tonnes grading 1.7% CuEq. The project contains 86 million lb of copper and 96,000 oz of gold in the Indicated category, and 430 million lb of copper and 158,000 oz gold in the Inferred category. The company received C$75,000 in co-funding from the Manitoba Mineral Development Fund for the mineral resource estimation program. The resources are open in all directions, and the project is positioned for advancement to a Preliminary Economic Assessment.

Lake Victoria Gold Reports Geotechnical Results Supporting Final Pit Design and Advancing Development at Imwelo

Lake Victoria Gold Ltd. (TSXV: LVG, OTCQB: LVGLF) announced the results of a geotechnical review and testing program at its fully permitted Imwelo Gold Project in northwestern Tanzania. The program, completed by Luhlaza Advisory and Consulting (Pty) Ltd. and City Engineering Company Limited, confirmed strong to very strong rock conditions at depth and identified a shallow oxidised saprock zone requiring more conservative slope design. The results support an efficient and optimized pit design, with favourable free-digging characteristics in the near-surface oxide zone expected to lower mining costs. The company is advancing a revised pit design for Area C and integrating these findings into ongoing engineering and mine planning as it progresses toward development readiness.

American Pacific Reports Underground Assays from Breccia Pipe and Decline Sampling at Madison Project

American Pacific Mining Corp. (CSE: USGD, OTCQX: USGDF) announced assay results from underground sampling at its Madison Copper-Gold Project in Montana. The results include high-grade copper up to 25%, gold up to 3.19 grams per tonne, and silver up to 27.2 grams per tonne, confirming mineralization within an interpreted feeder system and along underground development. Sampling covered both the breccia pipe and decline ramp, showing approximately 150 metres of a mineralized zone. The company plans to incorporate these results into its 3D geological model and advance drilling programs targeting both near-surface and deeper porphyry mineralization. These findings suggest a larger mineralizing system than previously thought, providing clearer drill targets for 2026.

Aracari Gold Project – Magnetometry

BWA Group PLC announced that it has engaged SRK Exploration Ltd to conduct a ground magnetometry survey and interpretation work at the Aracari Gold Project. The survey will cover approximately 90 square kilometres and will include reinterpretation of PRECASM airborne data and training of Cameroon university students. The primary focus is the AOI-1 target and the potential extrapolation of structures associated with the 1.23 million ounces of gold recently reported by Oriole Resources at its Mbe exploration permit. BWA expects to make a further announcement regarding progress in Q2 2026. The initiative also emphasizes skills transfer and developing local technical capabilities in Cameroon.

Kaoko Metals Set to Advance Drill-Ready Namibia Copper Portfolio after Strong ASX Debut

Kaoko Metals (ASX: KAO) has commenced trading on the Australian Securities Exchange following a strongly supported $6.5 million initial public offering. The company now holds approximately $6.8 million in cash before costs, with a forecast market capitalisation of about $12.1 million and an enterprise value of roughly $5.3 million at the $0.20 issue price. Kaoko Metals is advancing two drill-ready copper projects in Namibia: Chalkos and Karibib. The Chalkos project has returned surface grades of up to 69.6% copper and 2,030 grams per tonne silver, while Karibib has shown grades of up to 28.4% copper, 453g/t silver, and 26.3g/t gold. These developments are significant for investors as they highlight the company's strong financial position and high-grade exploration targets.

Fortuna Reports Results for the First Quarter...

Fortuna Mining Corp. (NYSE: FSM TSX: FVI) reported record financial and operational results for the first quarter of 2026, generating free cash flow of $174.0 million and adjusted attributable net income of $111.0 million. Gold equivalent production reached 72,872 ounces, with consolidated cash cost per GEO at $951 and AISC at $2,107. The company increased its liquidity to $815.9 million and returned $40.0 million to shareholders through share repurchases. Fortuna also reported a 15% year-over-year increase in consolidated mineral reserves and is on track for key investment decisions at the Diamba Sud project and Séguéla plant expansion by mid-year.

Odyssey Gold Delivers Recoveries Above 95% in Metallurgical Testing of Tuckanarra Ore Sample

Odyssey Gold (ASX: ODY) has achieved gold recoveries of more than 95% in metallurgical test work on a composite sample from the Tuckanarra gold project in Western Australia. The leach recovery peaked at 95.9% after eight hours, with low cyanide consumption of 0.37kg per tonne and lime consumption of 2.65kg/t. The Tuckanarra project has a current mineral resource estimate of 5.14 million tonnes at 2.5 grams per tonne for 407,000 ounces, and the Cable resource sits at 1.69Mt at 2.3g/t gold for 123,000oz. Odyssey holds an 80% interest in both Tuckanarra and the Stakewell gold project. These results are significant as they reinforce the potential benefits of mining shallow starter pits and support further studies.

GOLD ROYALTY REPORTS RECORD REVENUE AND CASH FLOW IN THE FIRST QUARTER 2026

Gold Royalty Corp. announced its operating and financial results for the three months ended March 31, 2026, reporting record revenue of $7.2 million and record Adjusted EBITDA of $7.0 million, approximately 318% higher than the same period in 2025. The company exited the quarter with over $13.6 million of cash, no debt, and a fully undrawn $150 million credit facility. Gold Royalty remains on track to achieve its outlook of 7,500 - 9,300 GEOs in 2026. Several portfolio updates and management appointments were also disclosed. These results highlight the company's strengthened balance sheet and ongoing growth initiatives.

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