Gold Bulletin

Wednesday, May 6, 2026

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Interesting Company News Today

Betting on US District-Scale Gold: Why West Point Gold Is All-In on Walker Lane

West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) has announced a series of positive updates on its flagship Gold Chain Project in Arizona, USA, including significant drill results and metallurgical testing outcomes. Recent drilling at the NE Tyro Zone returned 18.3m of 6.05 g/t Au and 35.1m of 2.23 g/t Au, extending the high-grade zone to over 400m of strike length and 300m depth. Metallurgical testing showed gold recoveries up to 92% for milled material and up to 69% for crushed material. The company has completed 17,536m of its ongoing 20,000m drill program, with results pending from multiple zones. These developments highlight the project's potential for scalable, low-cost gold production in a prolific mining jurisdiction.

Adyton Resources and East Vision International Holdings Execute Amended Investment and Development Agreement for the Fergusson Island Projects

Adyton Resources Corporation (TSXV: ADY) has executed an amended Investment and Development Agreement with East Vision International Holdings Pte. Ltd. and East Vision Group Ltd. (EVIH) for the development of its Fergusson Island Gold Projects in Papua New Guinea. EVIH can earn up to a 50% interest in Fergusson Mining Pte. Ltd. through a total investment of up to US$9.5 million (equity), and, if required, US$2 million (debt) for the development of Wapolu, as well as a shareholder loan for Gameta. The agreement simplifies the earn-in structure and targets commencement of operations at the Wapolu Project in Q4 2026, with a nameplate annual capacity of 300,000 ROM tonnes gold concentrate by January 31, 2027. The Company will also grant EVIH up to 4.5 million restricted stock units contingent on Gameta project milestones.

Heliostar Announces Addition to Management Team and Ana Paula Focused Reorganization

Heliostar Metals Ltd. (TSXV: HSTR, OTCQX: HSTXF) announced the appointment of Dennis Wilson as Vice President, Health, Safety, Environment and Sustainability, and the transition of Hernan Dorado to Vice President of Operations. The company is reorganizing management to focus on bringing the Ana Paula project into production, with a goal of becoming a 500,000 ounce per year producer by the end of the decade. Heliostar operates the La Colorada Mine in Sonora and the San Agustin Mine in Durango, supporting its pipeline of growth projects in Mexico and the USA. The company employs more than 800 contractors and employees.

Astra Provides Corporate Update, Commences Phase III Drilling at La Manchuria Gold and Silver Project in the Deseado Massif, Argentina

Astra Exploration Inc. (TSXV: ASTR) (OTCQB: ATEPF) announced that mobilization of equipment for the Phase III drill program has taken place and drilling is well underway at the La Manchuria Gold and Silver Project in Santa Cruz, Argentina. The Phase III program will consist of a minimum of 5,000 metres of DDH drilling and is expected to be completed by mid-June. The company reports a treasury balance of approximately C$17,000,000, with all planned drilling fully-funded. Astra will also be attending multiple investor events in Vancouver, Montreal, Quebec City, and Toronto in May and June. The company continues to build a portfolio of high-quality projects in Latin America.

Arizona Eagle Mining Corp. Announces Discovery in Phase 1 Drilling, Extends Gold Mineralization Northeast of Historic McCabe Gold Mine

Arizona Eagle Mining Corp. (TSXV: AZEM) announced initial results from the first three holes of its fully-funded Phase 1 drill program at the Eagle Project in the McCabe gold-silver district, Arizona. The drilling confirmed significant, high-grade gold and silver mineralization beyond the Historic Resource, extending the mineralized strike by about 50 metres. Highlights include assays up to 11.35 g/t Au and 16.35 g/t Ag, with robust intercepts such as 4.2 metres at 5.73 g/t Au and 5.90 g/t Ag. The company holds a 100% interest in the Eagle Project, which includes a historic estimate of approximately 880,000 ounces of gold at 11.7 g/t and 5 million ounces of silver at 69 g/t. Assays for additional drill holes are pending, and a second drill rig is scheduled to mobilize in July 2026.

Selta: Geophysical Interpretation & Drill Planning

First Development Resources plc (AIM: FDR) announced preliminary results from recently completed geophysical surveys at the Lander West gold target, part of its 100%-owned Selta Project in the Northern Territory, Australia. The company has integrated high-resolution airborne magnetics, radiometrics, and ground-based GAIP data with geological and geochemical information to refine drill targets. A maiden Phase I RC drilling programme of up to ~3,000 metres is planned, targeting approximately 10 priority drillholes in an initial c.2,000 metre phase, followed by a flexible c.1,000 metre follow-up. All necessary approvals, including the Environmental (Mining) Licence and the Northern Territory Government's Notice of Authority to Commence, have been secured. The drilling programme is targeted for mid-year.

Lake Victoria Gold Advances Imwelo Toward Construction with Commencement of Site Sterilization Drilling

Lake Victoria Gold Ltd. (TSXV: LVG, OTCQB: LVGLF) announced the mobilization of drill rigs to its fully permitted Imwelo Gold Project in Tanzania, with a sterilization drilling program scheduled to commence next week. The program will cover approximately 1,050 metres over a ~21-day period, targeting key infrastructure zones such as the plant and accommodation areas. This work is a critical pre-construction step to confirm infrastructure placement and support final site layout and engineering design. The company is advancing Imwelo toward near-term production, with ongoing engineering, mine design, and project financing activities. The project is fully permitted for mine construction and production, and the company holds a 100% interest in both the Imwelo and Tembo projects.

Update on Barb Project

Gunsynd plc (AIM: GUN) has provided an update on the Barb Gold Project in Manitoba, Canada. The company expects to commence its summer field programme by mid-June 2026, subject to final snow melt, with activities including rock chip sampling and an Induced Polarisation (IP) geophysical survey over newly acquired and existing claims. Historical grades at the Lotus deposit, now part of the enlarged project, include 34.29 g/t Au across 1.5 m and 22.49 g/t Au, as recorded in Manitoba Mineral Inventory File 375. Discussions are ongoing with the local First Nations community regarding planned exploration activities, including drilling. The company maintains a high level of confidence in the enlarged project, citing last year's successful field campaign and historical grades.

Caprice Resources Hits Bonanza Grades in New Zone at Island Gold Project

Caprice Resources (ASX: CRS) announced a significant high-grade gold intercept of 22m at 66.2 g/t Au, including 8m at 181 g/t Au, at its Island Gold Project, defining a new high-grade zone. This intercept is the highest-grade returned to date at the project and enhances the company's exploration potential as it progresses towards a maiden Mineral Resource Estimate. Caprice has also completed the divestment of a 75% interest in its West Arunta (Chobe) Project to Corella Resources for up to $2.89 million, providing $2.70 million cash at completion and strengthening its balance sheet to an expected $16.5 million. Corella Resources (ASX: CR9) announced a $5 million capital raise at $0.012 per share to fund the Chobe acquisition. These developments provide Caprice with crucial funding and allow it to focus on advancing its core gold projects.

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