Gold Bulletin

Tuesday, May 12, 2026

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Kingsmen Completes 60 km² Precision Satellite Topographic Surveys at Las Coloradas and Almoloya, Advancing Drill Targeting Across the High-Grade Parral Silver-Gold District, Chihuahua, Mexico

Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) announced the completion of high-resolution satellite surveys covering 60 km² across its Las Coloradas (32 km²) and Almoloya (28 km²) projects in Chihuahua, Mexico. The data, acquired by PhotoSat of Vancouver, provides detailed topographic contour information at 1 m, 5 m, 10 m, and 50 m intervals. This precision dataset will support ongoing and future drilling programs, aiding in the identification of new silver-gold targets along a 4.5-kilometre mineralized trend. The company is also preparing a comprehensive 3D geological model for Las Coloradas, integrating multiple datasets to enhance exploration targeting. Kingsmen states it is fully funded and executing a clearly defined drill strategy.

SONORO GOLD ANNOUNCES LETTERS OF INTENT TO ACQUIRE ADJACENT MINERAL CONCESSIONS TO FURTHER EXPAND THE CERRO CALICHE GOLD PROJECT

Sonoro Gold Corp. (TSXV: SGO OTCQB: SMOFF) announced that its wholly owned Mexican subsidiary, Minera Mar de Plata, has executed three binding Letters of Intent to acquire a 100% interest in 24 mineral concessions and up to a 51% interest in five additional concessions adjacent to the Cerro Caliche gold project in Sonora, Mexico. The acquisition of the 24 concessions covers 5,025.21 hectares for a total consideration of USD $6.0 million, with an additional commitment of up to USD $9M in exploration expenditures over four years for the five concessions. The Cerro Caliche project is in the final permitting stage for a proposed open-pit, heap leach mining operation, with an updated 2026 PEA highlighting an after tax NPV 8 of USD $224M and an IRR of 50% at a gold price of USD $3,500 per ounce. The property will expand to 9,001 hectares plus another 454 hectares through the potential 51% ownership in the additional concessions.

Altamira Gold Intersects Additional Mineralized Porphyry outside the Maria Bonita Mineral Resource, Extending the Exploration Footprint within the Cajueiro District, Brazil

Altamira Gold Corp. (TSXV: ALTA, OTCQB: EQTRF) announced assay results from a diamond drill hole (MBA036) outside the Maria Bonita mineral resource in Brazil, intersecting 70.6m @ 0.5g/t gold from 277m downhole and 19m @ 0.5g/t gold from 239m. The intercept lies 100m below and to the west of the previously estimated mineral resource, indicating the porphyry system extends further west. The Cajueiro district hosts two independently estimated gold mineral resources at Cajueiro Central and Maria Bonita, with significant indicated and inferred resources. The company plans further drilling and metallurgical test work to refine gold recovery processes. These results are significant for investors as they demonstrate resource expansion potential and consistent gold mineralization.

Thunder Gold Purchases Freehold Patent at Tower Mountain Property and Completes Sale of Seagull Lake Property

Thunder Gold Corp. announced the purchase of 100% ownership of the Kons Patent within its Tower Mountain Property in Ontario, acquiring both surface and mineral rights for a one-time cash payment of US$50,000 and 700,000 common shares. Rift Mineral Inc. has earned a 100% interest in the Seagull Lake Property by paying C$75,000 and issuing 15,990,000 Class A common shares to Thunder Gold, which retains a 1.0% NSR Royalty on the claims. The Tower Mountain Property's January 2026 Mineral Resource Estimate reports 34.5 Mt at 0.46 g/t Au (514,000 oz) Indicated and 211.1 Mt at 0.45 g/t Au (3,053,000 oz) Inferred. The company is conducting a 15,000-metre resource definition drill program and has granted 1,000,000 options at a strike price of $0.15 for an 18-month term to a Director.

Scottie Resources and Nisga'a Nation Enter into Capacity Funding Agreement, Commencing the Path Towards Negotiations for an Impact Benefit Agreement for the Scottie Gold Mine Project

Scottie Resources Corp. (TSXV: SCOT, OTCQB: SCTSF) announced it has reached a Capacity Funding Agreement (CFA) with the Nisga'a Nation to advance permitting and begin negotiations for an Impact Benefit Agreement (IBA) for the Scottie Gold Mine Project in British Columbia. The CFA will fund the Nisga'a Nation's technical review and legal costs related to the IBA. Scottie controls approximately 58,500 hectares of mineral claims and holds a 100% interest in several properties, including the Scottie Gold Mine and Georgia Project. The current resource estimate for the Scottie Gold Mine Project is 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 million tonnes. A recently completed PEA outlines an after-tax NPV(5%) of $215.8–$668.3 million for the base case DSO project, with initial capital costs of $128.6 million and average annual production of ~65,400 oz gold over seven years.

1911 Gold Confirms Extensions of the L10 Zone at True North Intersecting 11.54 g/t Gold over 3.70 m

1911 Gold Corporation announced assay results from its underground resource expansion drill program at the wholly-owned and fully permitted True North Gold Project in southeast Manitoba, Canada. The announcement highlights the operational status and scale of the True North project. The company references its approximately 62,000 hectare property package. This update is relevant to investors as it demonstrates ongoing exploration and expansion activities at a key asset.

First Majestic Announces Q1 2026 Financial Results and Increased Quarterly Dividend Payment; Provides Management Updates

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) announced its unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2026. The Company reported record quarterly revenue of $476.7 million, a 95% increase year-over-year, and net earnings of $128.1 million with EPS of $0.26. Free cash flow for the quarter was $223.5 million, and the Company ended the quarter with a record $1,128.6 million in treasury. Operational efficiency and higher realized silver and gold prices contributed to significant margin expansion and improved profitability across all mine sites.

Omai Gold Intersects 3.86 g/t Au over 23.8m and 3.49 g/t Au over 16.9m at Wenot and Plans Drill Hole to Test Depth Potential of Gilt Deposit

Omai Gold Mines Corp. (TSXV: OMG, OTCQB: OMGGF) announced assay results from seven additional drill holes at its 100% owned Omai Gold Project in Guyana, South America. The ongoing 50,000m drill program aims to upgrade the Wenot deposit's Mineral Resource Estimate and test the limits of the gold system. Highlights include intercepts such as 3.49 g/t Au over 16.9m and 2.90 g/t Au over 22.9m. The company is also planning a deep drill hole at the Gilt Deposit, targeting depths of 1.2 to 1.5km. An updated Preliminary Economic Assessment is anticipated for completion by early Q3 2026.

Lavras Gold Completes Exploration Workshop at Lavras do Sul Project in Brazil; Findings Confirm 2026 Exploration Program Priorities

Lavras Gold Corp. (TSXV: LGC, OTCQX: LGCFF) announced the successful completion of a specialist technical workshop reviewing the geological model, exploration results, and targeting strategy at its Lavras do Sul Project in Brazil. The workshop confirmed the project is a large alkaline intrusive system with potential for both bulk-tonnage and high-grade vein gold mineralization, with some zones locally exceeding 20 g/t Au and 50 g/t Au. More than 24 gold prospects have been identified on the LDS Project properties, which span more than 21,000 hectares. The company intends to refine its exploration models and prioritize key target areas such as Cerrito, Matilde, and Butia/Fazenda do Posto. These findings are significant as they support the project's district-scale potential and guide future exploration and development activities.

Dryden Gold Delivers More High-Grade Results at Jubilee and Expands to Two-Drill Strategy at Gold Rock

Dryden Gold Corp. announced drill results for in-fill drilling at Jubilee on the Elora Gold System, with significant gold intercepts including 2.92 g/t gold over 14.50 meters and 2.48 g/t gold over 12.65 meters. The company will begin deeper down-plunge testing this summer and deploy a second drill rig to further define the high-grade footprint at Gold Rock. The new 3-D geological model has improved the company's ability to target high-grade mineralization at depth. Dryden Gold controls a 100% interest in a dominant strategic land position in the Dryden District of Northwestern Ontario, with high-grade gold mineralization over 50km of potential strike length. These results and plans are significant for investors as they indicate ongoing exploration success and potential for resource expansion.

Advanced Gold Exploration Dispatches 87 Samples from 2026 Mapping and Reconnaissance Program, at Silver Belle Project, Nevada

Advanced Gold Exploration Inc. (CSE: AUEX, OTCQB: AUHIF) announced the successful completion of its spring mapping and sampling reconnaissance program at its 100% owned Silver Belle Project in Nevada. The project covers approximately 2,000 acres and includes documented historical production with grades such as 1,611 grams per tonne silver, 37% lead, 10% zinc, 1% copper, and 0.3% antimony from a 1937 smelter shipment. The company collected 87 rock chip and grab samples for geochemical analysis to validate historic mineralization. The program focused on cataloguing historic occurrences, generating new targets, and preparing for a 2026 diamond drilling campaign. Results from this program will inform the development of high-priority Phase 2 drill targets.

Flow Metals Consolidates District-Scale Position at Sixtymile Gold Project, Yukon

Flow Metals Corp. (CSE: FWM) announced it has staked an additional 169 quartz claims at its Sixtymile Gold Project in Yukon, increasing its total land position to approximately 13,800 ha (34,100 acres). The expanded, contiguous land package covers key target areas, including primary placer pay streaks and about 18 km of a regional thrust fault corridor. The company holds a Class 3 Quartz Exploration Permit allowing advanced exploration activities such as drilling and trenching. Flow Metals is employing a technology-driven exploration approach to refine and prioritize drill targets along the district-scale corridor. This expansion is significant as it enhances the company's coverage of prospective structural trends associated with historic placer gold production.

Provenance Gold Intersects 1.10 g/t Gold over 139.14m from Surface, Including 2.68 g/t Gold over 24.90m and 1.99 g/t Gold over 10.03m at the Herman Area

Provenance Gold Corp. (CSE: PAU, OTCQB: PVGDF) announced assay results from diamond drill hole EC-06 at its Eldorado West Project in Eastern Oregon. EC-06 intersected 1.10 g/t Au over 139.14m, including higher-grade intervals such as 2.68 g/t Au over 24.90m and 10.29 g/t Au over 0.61m. The hole expanded the Herman gold zone, which remains open in all directions, and ended in mineralization assaying 0.58 g/t Au over 4.42m. The company is advancing exploration with assays pending for additional holes and plans for a maiden resource estimate. These results demonstrate robust grades and significant scale, supporting the project's development potential.

Tudor Gold Reports Positive Metallurgical Test Results for Treaty Creek

Tudor Gold Corp. (TSXV:TUD) announced positive metallurgical results from its late 2025 program on composite samples from the Upper, Central, and Lower zones of the Goldstorm Deposit at Treaty Creek. The test work demonstrated that saleable gold and copper concentrates can be produced from all three zones, either individually or as a blended feed, with gold recoveries up to 87.3% and copper recoveries up to 94.1%. A preliminary economic assessment (PEA) on placing the Goldstorm Deposit in production is targeted for completion in the third quarter of this year. The Goldstorm Deposit hosts Indicated Mineral Resources of 24.9 million ounces of gold, 148.7 million ounces of silver, and 3.048 billion pounds of copper. A 10,000-meter plus drill program is planned to commence in May targeting further exploration of nearby zones.

FALCON GOLD RECEIVES DRILL PERMIT FOR CENTRAL CANADA GOLD PROJECT, ATIKOKAN ONTARIO -QUETICO FAULT ZONE

Falcon Gold Corp. (TSXV: FG) announced it has received the required exploration permit to conduct diamond drilling at its Central Canada Project in Ontario. The company plans to commence its next phase of drilling with up to 20 drill holes totaling 2,500 metres. Previous drilling confirmed high-grade gold mineralization, including intercepts of 10.17 g/t Au over 3.0 metres and 18.6 g/t Au over 1.0 metre. Falcon has outlined a conceptual exploration target of approximately 500,000 to 1,200,000 tonnes grading 8 to 12 g/t Au, though this is not NI 43-101 compliant. The project is situated in a historically active gold camp and is part of a broader structurally controlled gold system.

Verity Resources Increases Monument Gold Project MRE by 20%

Verity Resources (ASX: VRL) has announced a 20% increase to the mineral resource estimate (MRE) at its wholly owned Monument gold project in Western Australia. The updated MRE now stands at 1.37 million tonnes grading 1.72g/t gold for 137,700 contained ounces, including a maiden open-pit Indicated estimate and a new underground component. The global updated MRE totals 2.5Mt at 1.72g/t gold for 137,700oz, reported within optimised pit shells and below those shells in fresh rock. The company is advancing technical studies and assessing development pathways, which could provide investors with a stronger platform for project development.

Mithril Silver and Gold Confirms High-Grade Mineralisation Outside Resource Boundary at Copalquin

Mithril Silver and Gold (ASX: MTH) has confirmed high-grade mineralisation 300 metres west of the Copalquin resource boundary in Mexico, with drill results including 9.65m at 7g/t gold and 370g/t silver. The final phase of drilling at Target 1 involved 13 holes totaling 4,383m, confirming vein thickness and mineral continuity. The company plans a 25,000m drill testing campaign by August and anticipates a resource update in late June. These results demonstrate expansion potential and increased geological confidence, which are significant for investors monitoring resource growth.

Turaco Gold Advances Afema Project with Infill and Extension Drilling

Turaco Gold (ASX: TCG) has announced new results from ongoing resource extension and infill drilling at the Adiopan-Asupiri deposit within its Afema project. The company has extended its resource estimate to 4.65 million ounces, up by 1.5 million ounces in the past 12 months. A pre-feasibility study (PFS) is due for release in June 2026, with a definitive feasibility study (DFS) to follow. Drilling highlights include intersections such as 28m at 2.17g/t gold and 20m at 2.28g/t gold. These results signal potential for further resource growth and ongoing project advancement.

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