Gold Bulletin

Tuesday, August 25, 2026

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Market Commentary

Today's Interesting Company News

Southern Cross Gold Extends Into Rising Sun Deep Drills 0.3 Metres @ 1,466 G/t Gold

(TSX:SXGC) Southern Cross Gold Consolidated Ltd announces results from five drill holes at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria, including the deepest west-to-east drill holes under Rising Sun. SDDSC230 intersected 0.3 m @ 1,466.7 g/t AuEq (1,466.4 g/t Au, 0.1% Sb) from 886.7 m, hosting an individual assay of 0.1 m @ 4,500 g/t Au, the fourth-highest single gold assay returned at Sunday Creek to date. The composite ranks as the 12th best composite intersection drilled at the project. The five holes added three composite intersections exceeding 100 g/t Au, four between 50 and 100 g/t Au and eight individual gold assays above 50 g/t Au, lifting Sunday Creek to 96 composite intersections exceeding 100 g/t Au. SDDSC231, the deepest east-to-west step-out drilled to date, returned 0.4 m @ 82.1 g/t AuEq (82.1 g/t Au) from 823.3 m and 0.4 m @ 24.4 g/t AuEq (24.3 g/t Au) from 1031.7 m, the deepest mineralization intersected at Rising Sun to date. In total the holes tested approximately 200 m of lateral extent and approximately 300 vertical metres, with two vein sets intersected outside the current Exploration Target. Eleven drill rigs are currently operational at Sunday Creek, with results pending from 76 holes and a 200,000 m drill program continuing through to Q1 2027.

Forge Resources Intersects Visible Gold at Payoff Zone and Completes Phase 2 Drilling at Alotta Project, Yukon

(CSE:FRG) (OTCQB:FRGGF) Forge Resources Corp. is pleased to report it has intersected visible gold at the Payoff Zone during its diamond drilling campaign at the Alotta Project, located within Yukon's Dawson Range Gold Belt. Diamond drilling at the project has been concluded for 2026, with the completion of six drill holes totaling 2,792 m. Phase 2 deep porphyry exploration hole ALT-26-021 was completed to a depth of 651 m, intersecting widespread porphyry-style veining and strong alteration for the entire duration of the hole. The Phase 2 drilling program was completed, totaling 963 m from two diamond drill holes at Payoff and Commission zones. At 217 m depth, a narrow 1 cm wide quartz vein was observed to host visible gold within a broad zone of quartz and carbonate veins in biotite-silica altered porphyry. Forge Resources Corp. holds an 80% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The Alotta project consists of 230 mineral claims that cover 4,723 hectares, located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range Gold Belt in the Yukon Territory of Canada.

Mosaic Observes Visible Gold and Identifies New Gold Zones During Its Surface Work on Its Golden Island Project

(CSE:MOC) Mosaic Minerals Corporation announced the successful completion of a first phase of stripping, mapping, and channel sampling work on its Île d'Or gold property, located in Abitibi, Quebec. The company discovered new gold zones in the southwestern extension of the main showing and observed recurrent presence of visible gold within multiple sampling channels. More than 340 channel samples were collected and shipped for analysis. A major geophysical corridor of over 1 km associating a high-amplitude magnetic anomaly and a VLF electromagnetic conductor was identified, historically validated by a drill hole that intersected 1.13 g/t Au over 5.60 m. Historical drilling by SOQUEM in the NE-SW corridor demonstrated significant gold grades within the host granodiorite, including intersections such as 1.18 g/t Au over 17.7 m and 2.99 g/t Au over 5.6 m. A high-precision GPS geodetic positioning survey was carried out to accurately georeference all historical trenches, the original exploration shaft, the adit entrance, and the collars of the 1982 SOQUEM drill holes. The company plans an upcoming diamond drilling campaign scheduled for the fall of 2026.

Emperor Metals Delivers Another Strong High-Grade Gold Intercept at Duquesne West: 20.1 M of 5.0 G/t Au

(CSE:AUOZ) (OTCQB:EMAUF) Emperor Metals Inc. reported results from its 2026 exploration campaign at the Duquesne West Project, which comprised 20,479 meters of new drilling and approximately 8,000 meters of targeted historical previous unsampled core, generating more than 28,000 meters of combined drilling data. With 142,758 meters of drilling completed to date, these results represent another significant step toward Emperor Metals' objective of advancing the project to a Preliminary Economic Assessment (PEA) in the near term. Highlights include 20.1 meters grading 5.0 g/t Au from 436 meters (375 meters vertical depth), 12.4 meters grading 1.6 g/t Au, and 3.0 meters grading 2.7 g/t Au from previously unsampled historical core. Assay results have now been received for 38 of 66 drill holes, representing approximately 12,128 meters, or 59% of the 20,479 meters drilled during the 2026 program. Emperor Metals has completed its 2025-2026 exploration program on budget, finishing 66 drill holes totaling 20,479 meters. The Duquesne West Gold Property currently hosts an updated inferred mineral resource estimate (MRE) of 26.9 million tonnes containing 1.46 million ounces of gold at an average grade of 1.69 g/t Au. Under an Option Agreement, Emperor Metals agreed to acquire a 100% interest in a mineral claim package comprising 38 claims covering approximately 1,389 ha, located in the Duparquet Township of Quebec from Duparquet Assets Ltd., a 50% owned subsidiary of Globex Mining Enterprises Inc.

Altamira Gold Discovers New Mineralized Porphyry Body at Maria Bonita West, Cajueiro Gold District, Brazil

(TSXV:ALTA) (OTCQB:EQTRF) Altamira Gold Corp. announced the results of four additional drill holes, MBA-040 to 043, which tested the western extension of the Maria Bonita gold porphyry system. Drill hole MBA-042 intersected three intervals of gold mineralization, comprising a total of 282m downhole, including 36.2m @ 0.4g/t gold from surface, 45.4m @ 0.3g/t gold from 61.9m depth and 200.4m @ 0.3g/t gold from 113.2m depth. Drill hole MBA-043 intersected 231.5m @ 0.4g/t gold from 93m depth. The Cajueiro Central area has a current open pit resource of 5.66Mt @ 1.02 g/t gold containing 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold (515,000 oz) in the Inferred Resource category. The Maria Bonita open-pit resource consists of Indicated Resources of 24.19Mt @ 0.46g/t gold (357,800oz) and Inferred Resources of 25.64Mt @ 0.44g/t gold (362,400oz). Altamira granted 8,050,000 stock options to directors, officers, employees, and consultants at an exercise price of C$0.20 per common share, exercisable for five years and subject to vesting over 12 months. The company controls four projects spanning over 90,000 hectares within the Juruena Gold Belt in western central Brazil.

Maverick Gold and Silver Reports Results From First Sampling Program at the Jericho Property, Nevada

(CSE:MAV) Maverick Gold and Silver Corp. announces that the results from its first comprehensive sampling program at the Jericho Property, Lincoln County, Nevada, have confirmed the significant potential for the property. The first work program created a comprehensive property-wide baseline rock geochemistry database, with results ranging from trace to 7.21 grams per tonne (g/t) gold and trace to 644.0 g/t silver. The sampling confirmed widespread distribution of Ag and Au on both the East and West trends and established continuity of mineralization along two kilometres of strike length with higher grade material in two zones, each over two hundred metres. A total of 171 chip channel and grab samples were taken throughout the property, with this news release reporting results from 153 samples focused on the Helen, Tempa, and President's Zones. The Tempa Zone has been traced on surface for 800 metres, and the Helen Zone for over nine hundred (900) metres, while the President's Zone has been traced for approximately 200 metres. The company has the right to acquire a 100% interest in the Jericho Property by making cash payments totaling US$250,000 over a four-year period with $15,000 having been paid. Upon exercise of the Option, there will be a 3.0% net smelter royalty on all mineral production from the Property.

New Found Gold Announces Graduation to the Toronto Stock Exchange

(TSXV:NFG) New Found Gold Corp. announced that the common shares of the Company will commence trading on the Toronto Stock Exchange at the opening of the market on August 26, 2026 under the symbol "NFGC". The Company has received final approval from the TSX for the listing of its common shares. In connection with the TSX listing, the common shares will be voluntarily delisted from the TSX Venture Exchange upon the commencement of trading on the TSX. The Company's trading symbol will change to "NFGC" upon the commencement of trading on the TSX to align with its stock symbol on the NYSE American LLC. The Company holds a 100% interest in the fully funded Queensway Gold Project and Hammerdown Gold Project, which includes the Hammerdown deposit as well as the Pine Cove Mill. New Found Gold is focused on bringing the Hammerdown deposit into commercial gold production in H2/26 while advancing its flagship Queensway toward Phase I production. The Company's district-scale land package at Queensway covers more than 110 km of strike length across two highly prospective faults zones.

Excalibur Metals Plans Property-Wide Exploration Program at Bellehelen Silver-Gold Project

(TSXV:EXCL) (OTCQB:EXCBF) Excalibur Metals Corp. announced plans for an extensive follow-up field exploration program at its Bellehelen Silver-Gold Project in Nye County, Nevada. The planned Program will include detailed geological mapping and systematic rock-chip sampling across a broad portion of the Project. The Company's maiden drill program at Spyglass Ridge consisted of 3,122 metres of reverse-circulation drilling across ten holes. The drill program identified multiple zones of gold-silver mineralization, including 360.0 grams per tonne silver and 2.03 grams per tonne gold over 1.52 metres within a broader interval of 16.7 grams per tonne silver and 0.10 grams per tonne gold over 100.58 metres in drill hole BH26001. Bellehelen encompasses a district-scale, approximately 10-kilometre-long mineralized trend marked by numerous historic workings, extensive vein networks and widespread gold-silver mineralization. Bellehelen historically produced an estimated 311,000 silver-equivalent ounces in the early 1900s. Historical surface sampling returned high-grade assays of up to 11.25 grams per tonne gold and 3,490 grams per tonne silver.

Zodiac Gold Expands Monterra Gold System With 12m at 1.16 G/t Au From Trenching at Feh Feh and Discovers New Gold-Bearing Targets Parallel to the 16km Trend

(TSXV:ZAU) (OTCQB:ZAUIF) Zodiac Gold Inc. reported highly encouraging new trenching and channel sampling results from the Feh Feh and Lewis areas at its flagship Todi Gold Project in Liberia. The company completed 20 trenches across the Ben Ben to Feh Feh targets as part of a planned 3,600m trenching program. Trenching at the Feh Feh target returned 23m at 0.68 g/t Au, including a higher-grade interval of 12m at 1.16 g/t Au, with 1m at 8.28 g/t Au. Trenching at the Ben Ben and Lewis targets returned intersections of 30m at 1.24 g/t Au and 30m at 1.04 g/t Au. Channel samples from two pits at Gbolomine returned 5m at 1.54 g/t Au, including 1m at 5.71 g/t Au, and 3m at 0.96 g/t Au, including 1m at 2.05 g/t Au. Additional artisanal workings have been identified up to 1,450m outside the currently defined footprint of the Monterra Trend. Geological mapping, sampling, and analysis of more than 1,300 soil samples are being used to prioritize the company's growing pipeline of highly prospective targets.

Metal Hawk Unearths High-Grade Numbat Lode at Leinster South Gold Project

(ASX:MHK) Metal Hawk has defined a new high-grade gold discovery at the Thylacine south zone within its Leinster South project in Western Australia’s Agnew-Lawlers region. The Numbat lode was discovered during drilling of 10 reverse circulation (RC) holes for 1,153 metres as part of the company’s second campaign for the year. Best standout high-grade assays within thick quartz veining were 9m at 12.3 grams per tonne gold from 70m including 5m at 20.7g/t from 72m, 8m at 3.6g/t gold from 40m including 4m at 6.1g/t from 44m, and 3m at 4.2g/t gold from 5m including 1m at 10.8g/t from 7m. Two RC holes drilled at the Thylacine main zone, approximately 200m northwest of the Thylacine south zone, returned best assays of 4m at 1g/t gold from 68m; 1m at 2g/t gold from 50m; 3m at 3.4g/t gold from 66m; and 3m at 1.2g/t gold from 99m. The next campaign of RC drilling is due to commence in late September, with results from the four outstanding holes still pending. Managing director Will Belbin said the Numbat assays were among some of the best returned from Leinster South to date.

Caprice Resources Defines Growth Potential of Vadrians Gold Target With Major Drilling Campaign

(ASX:CRS) Caprice Resources has extended mineralisation at the south end of the Vadrians target and identified growing mineralisation beneath the central zone at its Island gold project in Western Australia’s Murchison region. Evidence of mineralisation to the north included an intercept of 7 metres at 4.5 grams per tonne gold from 239m. Results from the southerly limits of Vadrians extended the interpreted southerly gold plunge by approximately 50m, with notable assays of 5.4m at 6.4g/t gold from 357m and 2.6m at 3.2g/t gold from 348m. New intersections from central Vadrians returned a best assay of 5m at 1.8g/t gold from 264m. Caprice has completed approximately 22,300m of a major 50,000m drilling campaign, with 30 RC holes for 6,000m currently pending assays. The company has planned to test extensions at New Orient and emerging targets at Iron Clad and Chicago, as well as conduct RC work across the 1km gap between New Orient and Vadrians. Caprice managing director Luke Cox said the campaign had highlighted Vadrian’s prospectivity and reinforced the interpretation of a broader system with potential for significant depth extent like the Hill 50 deposit, located approximately 50km to the south.

Cabral Gold Announces Closing of $45 Million Private Placement With Strategic Investor

(TSXV:CBR) (OTCQX:CBGZF) Cabral Gold Inc. announced the closing of a non-brokered private placement of 34,582,754 units at a price of $1.30 per unit for gross proceeds of $44,957,580, with all units purchased by Alpayana S.A.C. as a strategic investment. Each unit consists of one common share and half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $1.70 per share until February 24, 2028. Alpayana now holds 34,582,754 common shares and 17,291,377 warrants, representing 9.99% of the issued and outstanding common shares of Cabral on a non-diluted basis and 14.27% on a partially-diluted basis. The company has a 100% interest in the Cuiú Cuiú gold district in the Tapajós Region, Pará, Brazil, 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, and Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The company is currently constructing a Phase 1 gold-in-oxide heap leach operation and expects to enter commercial gold production in Q4 2026. Alpayana is a private mining group with four decades of continuous operations in Peru and Mexico, currently operating multiple mines in both countries. The company and Alpayana entered into an investor rights agreement granting Alpayana participation, top-up, and board nomination rights subject to certain ownership thresholds.

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