Gold Bulletin

Wednesday, May 20, 2026

Gold Market Context: Macro Drivers

Key macro instruments that drive gold price movements: dollar, yields, risk appetite

Market Commentary

Today's Interesting Company News

North America Lithium and Gold Corp. Engages Internationally Recognized Remote Sensing Expert David Coulter, PhD, to Refine Lithium, Gold, and Beryllium Targets at the Midnight Owl Project

North America Lithium and Gold Corp. announced the engagement of David W. Coulter, PhD, an expert in airborne hyperspectral imagery and mineral exploration, to assist in refining and prioritizing lithium, gold, and beryllium exploration targets at the Midnight Owl Project in Arizona's White Picacho Pegmatite District. Dr. Coulter brings over 25 years of experience in multispectral and hyperspectral imaging technologies for mineral exploration. The current phase of work integrates LWIR hyperspectral datasets, structural geology, historical workings, mineral alteration interpretation, surface mapping, and recent field observations. The Company holds 100% ownership of the Midnight Owl Mine and an adjoining 5,040 acres (244 lode claims), located approximately 13 miles east of Wickenburg, Arizona. The project is strategically positioned within 170 miles of three billion-dollar gigafactories currently under construction. The Company expects Dr. Coulter's analysis to support future field validation, surface sampling, shallow drilling, and drill targeting and planning. A follow-up technical update is planned upon completion of this phase, which is expected to include refined target maps and priority exploration zones.

Tinka Highlights Exploration Progress at Ayawilca and Silvia Projects

Tinka Resources Limited (TSXV: TK, OTCQX: TKRFF) has provided an exploration update on its Ayawilca zinc-silver-tin and Silvia copper-gold projects in central Peru. The company will commence a magnetotellurics (MT) ground geophysical survey at the Silvia Copper-Gold Project by the end of May 2026, covering a 4 km2 area, with results expected by the end of June 2026. Initial drilling at Silvia NW in Q4 2025 intersected notable copper-gold mineralization, including 15.1 metres @ 0.17% copper + 0.26 g/t gold and 23.2 metres @ 0.20% copper + 0.05 g/t gold. At Ayawilca, Tinka has completed a revised geological interpretation and is prioritizing drill targets for an upcoming ~5,000 metre drill program, with drilling expected to commence in Q3 2026, subject to social agreement extensions. The Colquipucro silver deposit, located 2 km from Ayawilca, is being re-evaluated for inclusion in future resource updates due to higher silver prices. These developments indicate ongoing exploration and resource expansion efforts, which are significant for investors monitoring project advancement and potential resource growth.

Argentine Epithermal Discovery Story Lines Up

Golden Goose Resources Corp. (CSE: GGR) (OTCQB: GGRFF) announced the completion of Phase 1 mapping and channel sampling at its Gran Esperanza Project in Río Negro, Argentina, on April 22, 2026. The company identified approximately 23.6 kilometres of vein structures with observed mineralization and collected 341 channel samples from 265 channels, as well as 12 additional rock chip samples from newly discovered veins. Gran Esperanza covers approximately 44,400 hectares and is located near active gold projects, including those operated by Southern Copper and Patagonia Gold. Golden Goose signed a Definitive Agreement on January 29, 2026, with Valcheta Exploraciones S.A.S. to acquire up to a 100% interest in the project through cash payments and exploration expenditures totaling approximately US$4.448 million. The project is subject to a 1% net smelter return royalty, with the right to purchase 0.5% for US$1 million. Analytical results for all samples are pending and will be reported once received, with further drilling programs anticipated as the next step.

Argyle Resources Announces Strategic Shift Toward Canadian Asset Development

Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) announced that it has elected to discontinue its involvement in the Bovill Silica Project in Idaho, USA, and the Sundance Bear Lodge Rare Earth Elements Project in Wyoming, USA. This decision is part of the Company's ongoing review of its exploration portfolio and strategic priorities. The Company will redirect its focus and resources toward the advancement and evaluation of its Canadian-based mineral assets, including silica and precious metals projects in Québec and exploration at the McKay Hill silver-gold property in Yukon, Canada. Argyle does not anticipate any material penalties or ongoing obligations associated with discontinuing the U.S.-based projects. The management team, in collaboration with the Board of Directors and technical advisors, will continue evaluating exploration and development opportunities across its Canadian asset base. Additional updates regarding exploration planning and project advancement initiatives are expected in due course. This move is intended to streamline operations and focus capital and technical efforts on advancing domestic projects.

Phenom Hires Project Manager for its Gold Exploration in Nevada

Phenom Resources Corp. (TSXV: PHNM, OTCQX: PHNMF) announced the hiring of Dr. Elizabeth Zbinden as consulting geologist and Project Manager to strengthen the geological team for its gold exploration program. Dr. Zbinden brings over 30 years of experience in mineral exploration and deposit development, with expertise in precious metals and copper. The company provided an update on its Dobbin Drill and Trench Permit Application, reporting weekly meetings with the US Forest Service and positive progress toward permit approval. The permit will allow for up to 19 core holes and 12 mechanical trenches on an 800-metre portion of a 2.1 kilometre long gold soil anomaly at Dobbin. Phenom has secured contractors and is preparing for a summer exploration program. The company holds a 100% interest in the Carlin Gold-Vanadium Project, North America's largest highest grade primary vanadium resource, and has earned a 100% interest in the Crescent Valley Property.

Canuc Engages Verum Mining Consultants for East Sudbury Project (ESP)

Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) announced it has entered into a master service agreement with Verum Mining Consultants Ltd. to support advancement of the Company's East Sudbury Project in Ontario, Canada. Under the agreement, Verum will provide technical consulting services, including calculation of a mineral resource for the Company's gold Lens 1 inventory, conceptual mine planning and scheduling, and permitting support. The engagement of Verum is described as a significant milestone for the project, with the Verum team bringing experienced mining engineers to assist in technical evaluation and development planning. The initial study program is expected to support continued development of the Company's geological and technical understanding of the project, including mineral resource evaluation and permitting pathways. Canuc also holds a 100% interest in the San Javier Silver-Gold Project in Sonora State, Mexico, and generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA. The Company receives a 4% Net Smelter Royalty from gold production at the Scadding Gold Tailings Project. Next steps include systematic evaluation, planning, and permitting initiatives as outlined in the agreement with Verum.

Canadian Goldfields Closes Acquisition of Newton Gold Property in Ontario

Canadian Goldfields Discovery Corp. (TSXV: CGM) (OTCQB: CGMXF) announced the completion of its acquisition of the Newton Gold Property, located in Ontario, under an amalgamation agreement dated April 28, 2026. The property is considered highly prospective, with historic drill results including 35m at 4.05 g/t Au and 40m at 2.65 g/t Au. The acquisition involved issuing 12,500,000 common shares to Newton Gold Shareholders, with resale restrictions over 6, 12, and 18 months. The Newton Gold Property covers approximately 7,029 hectares and is subject to a 2% net smelter return royalty (50% repurchasable for $1,500,000) and a 1.5% net smelter return royalty (repurchasable for $500,000). No finder's fees were paid, and the transaction is an Arm's Length Transaction. The company plans to focus future exploration on orogenic gold deposit types at the property. This acquisition strengthens Canadian Goldfields' portfolio in Ontario and supports its strategy of disciplined exploration and discovery-focused drilling.

Transition Metals Expands Gowganda Gold Project to 65 Kilometres-Squared, Commences Summer Exploration Program, and Confirms DTC Eligibility

Transition Metals Corp. (TSXV: XTM) announced the expansion of its Gowganda Gold property in Ontario to approximately 65 km2 following recent claim staking along the Ridout-Tyrell Deformation Zone. The project is located within 75 km of three producing gold mines that collectively produced an estimated CAD $4.5 billion in gold value in 2025. The company has initiated its 2026 summer exploration program, focusing on refining structural interpretations, advancing known gold targets, and generating drill-ready targets. Transition's land package now covers ~15 km of a major east-west structure and includes portions of the Miller Lake basin, prospective for high-grade silver-cobalt vein systems. The company also announced that its common shares have been approved for DTC electronic clearing and settlement in the United States, enhancing trading efficiency and liquidity for U.S. investors. Previous drilling on the property returned notable gold and silver-cobalt intercepts, and exploration to date has outlined a widespread gold system over at least 5.0 km of strike. The company intends to pursue a formal OTC market listing as a next step in developing its U.S. investor presence.

Asia Broadband Q1 Gold and Silver Production Revenues Increase 140% Over Q1 2025 and On Track To Reach $25 Million In 2026

Asia Broadband Inc. (OTC: AABB) announced its financial results for the first quarter ending March 31, 2026, reporting $6.2 million in gold and silver production revenues, a 140% increase over the $2.5 million reported in Q1 2025. The company retained $4 million of the production and increased its gold and silver bullion holdings. The Etzatlan plant processing averaged 300-350 tons per day, producing approximately $800,000 per month and $2,440,000 in total production. AABB is projecting its gross production revenues to exceed $25 Million in 2026. The company will release a comprehensive financial report in next week’s press release. AABB is focused on the production of precious metals and the accumulation of physical gold and silver holdings, with operations and business integration in Mexico. The company also operates a digital assets business segment with gold and silver-backed cryptocurrencies.

Viscount Mining Announces Mobilization of Rosor Exploration for Silver Cliff Airborne Survey Program

Viscount Mining Corp. (TSXV: VML) (OTCQX: VLMGF) announced that Rosor Exploration Corp. has commenced mobilization activities for a high-resolution airborne electromagnetic and magnetic survey at the Silver Cliff Project in Colorado. Field operations are expected to begin during the week of May 18, 2026, and the survey is anticipated to take approximately two weeks to complete. Rosor is expected to deliver its final interpreted report and datasets within approximately 40 days following completion of the survey. The survey aims to refine drill targets associated with the Passiflora gold-copper porphyry discovery and will complement previous geophysical surveys. Recent drilling at Passiflora intersected 843.9 metres of continuous gold-copper mineralization, confirming a large hydrothermal system. The Cherry Creek Project in Nevada is also highlighted as a highly prospective multi-metal district.

Gold Runner Exploration Announces Mobilization Date and Exploration Program Update at Golden Girl Property, Golden Triangle B.C.

Gold Runner Exploration Inc. (CSE: GRUN) announced the completion of all arrangements and agreements for its fully funded 2026 surface exploration program at the Golden Girl property in British Columbia. Mobilization is set for July 12, 2026, with exploration activities beginning on July 13, 2026, and running until August 31, 2026. The Golden Girl property covers 8,471 hectares and is located in the Iskut River region of Northwestern British Columbia. Discovery exploration in 2024 identified a large new gold-silver system measuring 12 km by 7 km, with grab samples assaying up to 11.28 g/t Au and 3,262 g/t Ag. The 2026 program will include mapping, sampling, channel cutting, airborne magnetic survey, and LiDAR survey, led by Higher Ground Exploration and supported by Drone North and Geomantia Consulting. The company is preparing for an inaugural drill program anticipated for summer 2027. Gold Runner holds the option to acquire a 100% interest in the Golden Girl Property and maintains strategic partnerships with Goliath Resources and Juggernaut Exploration through the B-ALL Syndicate.

Gold Hart Copper Provides Updates on Drilling at Flagship Tolita Asset in Vicuña District, Geochemical Survey at Nessa Properties in Domeyko Fault System, and New Property Application for Historic Gold Copper Silver Asset & Former Mine

Gold Hart Copper Corp. (TSXV: HART) has provided an update on the drilling campaigns at its flagship Tolita asset in the Vicuña District of Chile. The company has completed 2 diamond drill holes (DDHTOL01 to 1,053m and DDHTOL04 to 551m) and 7 RC drill holes at Tolita's highest-grade trench, with assays from the diamond drilling campaign currently at the laboratory in Copiapo. At the Nessa Complex, Gold Hart has completed the collection of approximately 650 samples as part of its first comprehensive geochemical survey, following a preliminary survey that returned high grades of copper and gold. The company has also filed an application ('pedimento') for an exploration mining concession on a historic gold-copper-silver asset in Chile, referencing historic mineral resource estimates. The Tolita property features a large geophysical anomaly recently expanded by 76% to 4.5km2, and the company continues to prioritize Tolita as its flagship asset. Next steps include awaiting assay results, completing the geochemical survey at Nessa, and reviewing additional historical documentation for the new property application.

Altamira Gold Drills 130m @ 0.5g/t Gold in Step-Out Hole 110m North of the Maria Bonita Mineral Resource, Within the Cajueiro District, Brazil

Altamira Gold Corp. (TSXV: ALTA, OTCQB: EQTRF) announced assay results from a second recent exploration diamond drill hole outside the Maria Bonita mineral resource in Brazil. Drill hole MBA037 intersected 9m @ 0.7 g/t gold from 39m and 130m @ 0.5g/t gold from 97m downhole, including 40m @ 0.8g/t gold from 100m. The hole is located 110m north of the current Maria Bonita mineral resource and 300m north of MBA036, suggesting the deposit is open to the west, north, and at depth. The Cajueiro district, where Maria Bonita is located, contains two independently estimated gold mineral resources and eight additional untested exploration targets. The Cajueiro Central area has an open pit resource of 5.66Mt @ 1.02 g/t gold (185,000 oz Indicated) and 12.66Mt @ 1.26 g/t gold (515,000 oz Inferred), while Maria Bonita has Indicated Resources of 24.19Mt @ 0.46g/t gold (357,800oz) and Inferred Resources of 25.64Mt @ 0.44g/t gold (362,400oz). The company is planning further drill holes to determine the continuity and extent of these new mineralized zones. These results indicate the potential for further resource expansion and value creation for investors.

ONGold Commences 2026 Phase 1 Field Exploration Program at the TPK Project in Northern Ontario

ONGold Resources Ltd. (TSXV: ONAU, OTCQB: ONGRF) announced the commencement of its 2026 Phase 1 field exploration program at the Ti-pi-ha-kaa-ning (TPK) project in Northern Ontario. The program will focus on the Gold Ridge area, including the Discovery Zone and West Discovery Copper-Silver-Gold Zone, following a successful 2025 diamond drilling program that returned high-grade gold, copper, and silver mineralization. Phase 1 will include ground geophysical surveys, geological mapping, prospecting, and an orientation soil survey to enhance geological understanding and advance targets for a planned Phase 2 drill program later in 2026. The 2025 drilling program consisted of nine holes totaling 2,169 metres, with notable intercepts such as 19.39 g/t Au over 8.2 metres and 3.06% Cu over 1.5 metres. ONGold expects to integrate new field data with historical and 2025 drill results to refine drill targets. The company also highlighted infrastructure improvements, including a new 20-metre-wide, 19-kilometre-long fibre optic access corridor. Next steps include compiling and interpreting Phase 1 results to prioritize targets for Phase 2 drilling later in the 2026 field season.

Ramp Metals Expands Rush VMS System; Drills 7.4m of 1.01% Cu, 7.07% Zn, and 10.11 g/t Ag in 55m Step-Out Hole in Rush-015, and Drills 25.9m of Mineralization in Rush-012

Ramp Metals Inc. (TSXV: RAMP) announced assay results from its 2026 winter/spring drill program at the Rottenstone SW property in British Columbia. The company reported a 7.4m intercept grading 1.01% Cu, 7.07% Zn, and 10.11 g/t Ag in drill hole Rush-015, which is a 55m step-out from previous mineralization. Additional highlights include results from Rush-012 and Rush-013, with notable copper, zinc, silver, and gold grades. The drill program comprised 16 holes totaling 3,817.06m over 72 days, testing six different anomalies. The company emphasizes the significance of the Rush-015 intercept and its potential to link mineralized zones. Sampling of remaining drill holes is ongoing, with further assays pending.

Sanu Gold to Commence 10,000-Meter Drill Programme at Daina and Bantabaye; Q1 Auger and IP Programs Define New Targets at Diguifara

Sanu Gold Corp (CSE: SANU) (OTCQB: SNGCF) has provided a corporate update on its Guinean Properties, including preparations for a 5,000m AC/RC drilling program at its Daina Property. The company is also advancing access for a 5,000m AC/RC drilling program and a 3,000m auger sampling program at the Bantabaye Property, targeting an 8Km structural corridor. Recent auger results from the Diguifara Property have defined a 2Km gold-bearing structure, which is under evaluation for follow-up drilling. At Daina, expanded auger results have defined up to 8.4Km, 3.6Km, and 3Km of mineralised trends for drill testing in 2026. Bantabaye will see its first-ever 5,000m RC drilling campaign at Bantabaye South and a 3,000m auger program at Bantabaye North. At Diguifara, a 4,900m auger drilling program was completed in Q1-2026, defining new targets in saprolite at Targets 5 and 6. The company states it is well positioned and fully funded to advance these targets, with further geochemical and geophysical programs being considered.

Great Pacific Gold Provides Wild Dog Project Exploration Update

Great Pacific Gold Corp. (TSXV: GPAC, OTCQX: GPGCF) has provided an exploration update on drilling and fieldwork at its flagship Wild Dog Project in Papua New Guinea. The company reported significant drill results from multiple target areas, including Sinivit, Kavasuki, Magiabe, Mengmut, Morgan, and the EK Target Area, with high-grade gold, copper, and silver intercepts. The company plans a further 10,000 meters of diamond drilling from May through December 2026 to systematically test priority targets. GPAC's cash position at the end of Q1 was approximately C$26.3 million, supporting ongoing exploration through 2026 and beyond. The company continues to advance additional projects in Papua New Guinea, including Kesar, Arau, and Tinga Valley. The exploration strategy focuses on building a pipeline of structurally controlled drill-ready targets across the district. Next steps include follow-up drilling at Kavasuki, Magiabe, and Kasie Ridge, with ongoing mapping and sampling to refine targets.

Founders Metals Maps Geometry of High-Grade Gold at Maria Geralda: Hits 30.0 m of 4.64 g/t Au and 12.0 m of 10.57 g/t Au in Deep Auger Drilling

Founders Metals Inc. (TSXV: FDR, OTCQX: FDMIF) announced results from its 37-hole deep auger drilling program at the Maria Geralda target within the Antino Gold Project in southeastern Suriname. The program identified a coherent, high-grade gold shoot within a 600 m drill-defined gold-bearing structure, coinciding with a previously reported diamond drill intercept of 22.5 metres of 11.88 g/t gold in hole MG003. Significant deep auger intercepts include 30.0 m of 4.64 g/t Au (MGAD041), 12.0 m of 10.57 g/t Au (MGAD059), and 14.0 m of 7.52 g/t Au (MGAD056). The target remains open at depth, with 20 deep auger holes ending in mineralization at the 30 m auger limit. The new auger data provides a precise targeting framework for follow-up diamond drilling, which is planned for early Q4 2026. The company is also expanding the auger grid to test a potential second shoot. The company is backed by a strategic partnership with Gold Fields Limited.

Wallbridge to Advance Fenelon to Pre-Feasibility Study with Strategic Investments from Agnico Eagle and Waratah for Approximately C$56 Million

Wallbridge Mining Company Limited (TSX: WM, OTCQB:WLBMF) announced it has entered into definitive agreements with Agnico Eagle Mines Limited and Waratah Capital Advisors Limited for strategic investments. Each investor will acquire enough common shares to hold approximately 19.9% partially-diluted ownership in Wallbridge, resulting in a capital injection of approximately C$56.0 million at closing. Agnico Eagle will purchase 243,927,966 shares for about C$22.4 million, while Waratah will purchase 364,339,130 shares for about C$33.5 million, both at C$0.092 per share, a 15% premium to the 20-day volume-weighted average price. The proceeds are expected to fully fund a pre-feasibility study on the Fenelon project. Wallbridge also intends to seek shareholder approval for a 20:1 share consolidation and a name change to Sunday Lake Gold. The company plans to complete its 2026 exploration program at Martiniere, Casault, and Grasset, then focus the majority of its efforts and capital on Fenelon.

Aya Gold & Silver Reports High-Grade Exploration Drill Results at Boumadine

Aya Gold & Silver Inc. (TSX: AYA; NASDAQ: AYA) announced new drill results from its ongoing infill drill program at the Boumadine Project in Morocco. The results confirm strong high-grade continuity along the Boumadine Main Trend, with multiple high-grade intercepts reported, including 890 g/t AgEq over 51.5m and 1,504 g/t AgEq over 19.3m. Year-to-date, 69,209m have been drilled at Boumadine, representing 20% of the planned 360,000m infill drilling program for 2026-2027. The Boumadine Main Trend remains open in all directions, and a new mineralized parallel structure was intersected 70m below the current resources pit shell. Infill drilling will continue for the next 24 months, with follow-up drilling planned on the Asirem trend later this year. Feasibility study work is underway, and an updated PEA is expected mid-year.

Galloper Appoints Former Federal Minister of Natural Resources to Its Board of Directors

Galloper Gold Corp. (CSE: BOOM) announced that the Honourable Seamus O'Regan has joined its board of directors, effective immediately. Mr. O'Regan brings extensive experience from his roles as Canada's Natural Resources Minister and other governmental positions. The company is about to commence its first major drill program on its flagship Glover Island Property in central Newfoundland. The property consists of 466 mining claims on 13 mineral licences, covering 116.6 sq/km (11,660 Ha). Historic exploration produced the 2017 LPSE Resource and the LPSE 2026 Gold Resource, both wholly controlled by Galloper Gold Corp.

Gold X2 Intersects 27.0m of 3.87 g/t Au from 555.0m at Base of the Eastern QES Pit Including 11.0m of 8.84 g/t Au

Gold X2 Mining Inc. (TSXV: AUXX, OTCQB: GSHRF) announced new assay results from its ongoing infill and resource expansion drilling program at the Moss Gold Project in Northwest Ontario, Canada. Four holes were drilled into the eastern end of the QES Zone, intersecting both high-grade and wider-than-expected mineralization, including 27.0m of 3.87 g/t Au from 555.0m and 11.0m of 8.84 g/t Au from 561.0m. The company has invested over $150 million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold Project. The 2026 updated NI 43-101 mineral resource estimate 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. Results of a preliminary economic assessment suggest the potential for a long-life mining operation with a strong production profile and low production costs. The company continues its deposit-wide infill drilling program to upgrade resources and further de-risk the project.

Nortec Minerals Completes Barker Bay Gold Project Acquisition, Expands Land Package, Reports Initial Exploration Results and Next Step Exploration

Nortec Minerals Corp. (TSXV: NVT) announced the completion of its previously announced transaction to acquire a 100% interest in the Barker Bay Gold Project, located in the Kenora Mining District of northwestern Ontario. The company has also staked approximately 2,670 hectares of additional mineral claims adjacent to the project, expanding the total project area to about 4,670 hectares. A ground-based magnetic survey conducted in Q1 2026 over a 500m strike length identified several discrete magnetic anomalies aligned with mapped shear structures and felsic-mafic contacts, supporting the presence of an orogenic gold mineralizing system. Several of the strongest magnetic anomalies coincide with elevated gold-in-soil values identified during a 2021 soil survey. Nortec plans to initiate a drone-based high-resolution magnetic and LIDAR survey in May 2026, followed by bedrock trenching and channel sampling, to guide the design of its planned maiden drill campaign at Barker Bay. The company also holds interests in other gold and zinc projects in Ontario, Nevada, and Finland.

DPM Metals Reports New High-Grade Intercepts from the Chelopech Wedge Zone Deep Prospect; Expects Mineral Resource Estimate by Year-End 2026

DPM Metals Inc. (TSX: DPM, ASX: DPM) announced results from delineation drilling at the Wedge Zone Deep (WZD) prospect within the Chelopech mine concession, located 250 metres below existing mine infrastructure. Significant new intercepts include 58 metres grading 15.28 g/t AuEq, 47.3 metres grading 5.45 g/t AuEq, and 81 metres grading 8.05 g/t AuEq. The mineralized zone is now defined over approximately 170 metres along strike, 130 metres in width, and 300 metres in vertical extent, with gold grades well above the existing Chelopech mine gold Reserve grade of 2.18 g/t. Approximately 11,800 metres have been drilled in 17 holes, with two more underway. Initial metallurgical testwork indicates the mineralization is amenable to flotation processing using the existing Chelopech plant flowsheet. DPM plans further drilling through 2026, targeting an initial mineral resource estimate by year-end as part of the annual Mineral Resource and Mineral Reserve update. Technical studies and exploration programs are ongoing to support potential future engineering and investment decisions.

GT Resources Secures a Drill Permitted, Yukon Gold - Copper Porphyry Project Near Casino Deposit

GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) announced it has entered into an earn-in agreement to acquire the CD Project in the Yukon's Dawson Gold Range, near Carmacks. The CD Project hosts a Gold-Copper porphyry target with valid drill permits until 2033 and exhibits significant geological parallels to Western Copper and Gold's Casino deposit. The agreement allows GT to earn up to a 75% interest in the property through a combination of cash, shares, and exploration expenditures totaling $10 million over five years, with specific annual payment and work commitments. The 2026 field season will focus on high-resolution data acquisition and geophysical surveys, followed by a 2,500-3,000 meter diamond drill program in 2027. The transaction is subject to TSX Venture Exchange approval. This acquisition aligns with GT's strategy to advance high-potential properties in top-tier mining jurisdictions and has attracted strategic investment from Glencore plc.

South Pacific Metals Drills 92 m of Mineralisation at Ontenu NE; Peak Intercepts Return 9.92 g/t Gold and 2.35% Copper

South Pacific Metals Corp. (TSXV: SPMC, OTCQB: SPMEF) announced results from its first-ever drill program at the Ontenu NE project in Papua New Guinea, completing seven holes for 2,266 m within the Osena Project area. Gold mineralisation was confirmed in 5 of 7 holes across the Onki and Jorkol zones, with high-grade intercepts including 9.92 g/t Au and 2.35% Cu at Onki, and 3.16 g/t Au with 602 ppm Bi at Jorkol. Wide low-grade halos and multi-element pathfinder signatures were also reported, indicating an intact, vertically zoned hydrothermal system. Drilling is ongoing, with holes 8 and 9 currently being drilled and further drilling planned at Ontenu Central following detailed mapping. Octavio Garcia was appointed Exploration Manager, bringing 30 years of international experience. The company is developing a geological model to guide future drilling towards more productive parts of the veins. Results support the company's concept of Kora-Judd style mineralisation and highlight multiple exciting targets for further exploration.

Kingman Permits for Additional 16-Hole Drill Program at High-Grade Mohave Gold Project and Historic Rosebud Mine Site

Kingman Minerals Ltd. (TSXV: KGS) (OTCQB: KGSSF) announced it has received approval for an additional 16-hole exploratory drill program at the historic Rosebud Mine site. The new drill holes are intended to expand known mineralized zones, test priority step-out targets, and evaluate deeper structures. The program will add 16 exploratory holes to the 8 already completed in the most recent phase of drilling. The drilling will be conducted from eight pads, with two holes from each pad, and will reach a maximum depth of 250 feet (77 meters). The project is managed under the Bureau of Land Management - Kingman Field Office and is centered approximately 16.5 miles northwest of Antares, Mohave County, Arizona. The exploration aims to facilitate the development of a 3D image of the geologic structure and estimates of resource quantity and quality.

FIN Resources reels in highest-grade gold result to date at Cabin Lake

FIN Resources (ASX:FIN) has achieved its highest-grade gold result to date at the Cabin Lake gold project in Canada’s Northwest Territories, with a record intersection of 0.5m at 50.8g/t gold in the latest drilling. Drill hole CL-26-002 returned 7.84m at 18.2g/t Au from 12.66m, including 5.50m at 21.6g/t from 15m, and multiple assays above 10g/t gold. Other notable results included 30.6g/t Au over 0.5m from 18m and 25g/t over 0.5m from 17.5m. The company has completed drilling and geophysical programs during the winter campaign, improving understanding of geological and structural controls. FIN Resources is compiling and interpreting datasets to refine targets for higher-grade zones and extensions. Assays from Arrow, Beaver, and Andrew South prospects are pending, which will inform future drilling targets. The company believes it is well positioned for the next phase of exploration and target generation.

Barton Gold Extends Near-Surface Mineralisation at Challenger Project

Barton Gold (ASX: BGD, OTCQB: BGDFF) has announced further assay results from recent drilling at the Challenger gold project in South Australia, confirming extensions to near-surface mineralisation at the Challenger South-Southwest deposit and Challenger 3 target. The company completed 8,065 metres of reverse circulation drilling across several Challenger open pits and deposits, supporting a potential maiden JORC mineral resource estimate for Challenger 3. Key assay results include high-grade intersections such as 6m at 4.46g/t gold from 30m and 10m at 2.28g/t gold from 33m at Challenger 3, and 3m at 5.05g/t gold from 27m at Challenger South-Southwest. Barton is targeting a three-to-four-year restart operation at Central Gawler using historical tailings and near-surface materials, aiming to reduce restart risk and defer underground mining requirements. The company published a Challenger mineral resource estimate of 313,000 ounces gold in September 2025 and is progressing a definitive feasibility study (DFS) with ongoing workstreams including resource upgrades and scenario modelling. Barton is also seeking approvals for new open pits and a new tailings storage facility, targeting completion in parallel with the DFS by the end of calendar year 2026.

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