Gold Bulletin

Tuesday, July 7, 2026

Gold Market Context: Macro Drivers

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

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Today's Interesting Company News

Radisson Reports Highest-Ever Assay Result at O'Brien: 1,604 G/t (1.60 Kg/t) Gold Over 1.0 Metre Within 316 G/t Gold Over 5.1 Metres

(TSXV: RDS) (OTCQX: RMRDF) Radisson Mining Resources Inc. announced the results of three new drill holes at its 100%-owned O'Brien Gold Project located in the Abitibi region of Québec. The results include the highest drill assay ever achieved in the Project's history: 1,603.95 grams per tonne (g/t) gold (Au) over 1 metre within a mineralized interval of 316.31 g/t Au over 5.1 metres (core lengths) in hole OB-26-385W4. OB-26-384W1 intersected 46.22 g/t Au over 3.9 metres including 132.28 g/t Au over 1.3 metres, and OB-26-386W3 intersected 8.60 g/t Au over 2.6 metres including 13.87 g/t Au over 1.5 metres. The ongoing step-out drill program has been expanded to 140,000 metres employing eight drill rigs. The O'Brien Gold Project Mineral Resource Estimate effective January 31, 2026 utilizes a 2.20 g/t Au bottom cut-off, a US$2,500 gold price, a minimum mining width of 1.2 metres, and a 60 g/t Au upper cap on individual assays. The company projects significant exploration potential exists to depths of 2.5 kilometres, with mineralization remaining open in every direction and opportunities to expand the quantity of new mineral resources.

LaFleur Minerals and Trafigura Progress Toward Definitive Agreement, Beacon Gold Mill Nearing Gold Production Restart

(CSE: LFLR, OTCQB: LFLRF) LaFleur Minerals Inc. announced it has agreed with Trafigura Canada Limited to extend the exclusivity and due diligence period for a proposed prepayment facility of up to C$30 million and gold doré purchase agreement, with the exclusivity period now extended to August 31, 2026. The proposed C$30 million Prepayment Facility would have no commodity price hedging requirements and is intended to fund processing facility operations and ramp-up towards a targeted processing capacity of 1,250 tonnes per day at the Beacon Gold Mill and development work at the Swanson Gold Deposit. As of July 1, 2026, the Beacon Mill mechanical reconditioning program is approximately 84% complete and remains on budget, with the service and compressed-air systems and construction of the new compressor building each at approximately 90% completion. The Swanson Gold Project includes a total of 481 claims and 1 mining lease (200.7 km2 in size), and the Beacon Gold Mill is capable of processing over 750 tonnes per day. The company anticipates completing the balance of mechanical works and advancing into staged commissioning in Q4 2026 using existing stockpiles on site, subject to timely delivery of the leach-tank mechanisms and other long-lead items. Maintenance work on the tailings storage facility is expected to commence soon with a local contractor to be engaged and supervised by Stantec's geotechnical engineer of record. The proposed agreements remain subject to execution of definitive documentation, completion of due diligence, and receipt of all necessary internal and regulatory approvals.

Boreal Gold Secures 100% Ownership of the High-Grade North Star Group of Properties West of Snow Lake, Manitoba

(CSE: BGLD) Boreal Gold Inc. announced it has fulfilled the terms of the option agreement with Evolve Royalties Ltd., exercising its option to acquire a 100-per-cent interest in the North Star Group properties, consisting of 2,922 Ha in 21 contiguous claims and two mining leases, and the Jewel Box claim. The acquisition builds upon over $9,000,000 of previous exploration, development and environmental work, including six major drilling programs, 135 drill holes at North Star, and 153 drill holes at Gold Rock. Terms of the agreement included issuing 1,000,000 common shares, exploration expenditures aggregating $350,000, and annual cash payments totaling $50,000 over four years. The company completed 10 HQ drill holes totaling 1,326m on the Gold Rock Quartz Shear Zone in winter and spring 2026, with all core samples delivered to SRC Laboratories in Saskatoon and assays pending. Notable historical grades include average blast hole and trench face grades over 0.35 oz/t gold, and intersections such as 26.75 g/t Au over 1.1 m and 191.70 g/t Au over 0.2 m. The company projects future drilling to further define gold shoots at Gold Rock, infill drilling at North Star, and a 1,000-metre drill program at Fay Lake targeting the Redwin VMS horizon and high-grade gold quartz veins. No work is planned on the Jewel Box property for 2026 due to other commitments.

Stakeholder Launches Next Phase of Growth at Ballarat: Class 3 Permit Application Filed to Unlock Expanded Drilling in the Heart of Yukon's White Gold District

(TSXV:SRC) (OTCQB:SKHRF) Stakeholder Gold Corp. announced the submission of a Class 3 Mining Land Use Permit (MLUP) application and the staking of Placer Prospecting Leases at its 100%-owned Ballarat Gold-Copper Project located in the White Gold District of the Yukon Territory. The Class 3 MLUP application is designed to permit a significantly scaled-up diamond drilling campaign supported by a dedicated on-site exploration camp. The company completed a 2,000 m diamond drill program in May-June 2026, with assay results pending. Stakeholder has expanded its Ballarat claim position to cover additional ground, including existing road access to the Yukon River barge landing and a second, larger, historic airstrip. Stakeholder holds 100% ownership of 1,140 contiguous mineral claims covering 22,700 hectares and spanning 20 km of the Coffee Mine Project's Northern Access Route. The company also maintains 10 claims located inside the adjacent Coffee Mine Project, which is being developed by Talamore Mining Corp. (TSXV:TALA). Stakeholder generates cash flow from the production and sale of exotic stones through its 100%-owned Brazilian subsidiary Mineração VMC Ltda., which is currently producing from 4 independent stone quarries.

Auranova and Kenorland Announce Geophysical Survey Over the North Papa Gold Discovery at South Uchi, Ontario

(TSXV: AURA) Auranova Resources Inc. and Kenorland Minerals Ltd. announced the commencement of a 24 line-kilometre induced polarisation (IP) survey at the South Uchi Project, located in the Red Lake District of Ontario. The survey covers the recently discovered North Papa gold trend within the larger Papaonga target area and is designed with a depth of investigation of approximately 760 m. The survey comprises eight parallel 3 km lines spaced 250 m apart, for a total of 24 line-kilometres of coverage. Abitibi Geophysics of Val-d'Or, Quebec will undertake the survey, which is expected to commence in late July following completion of line cutting. Auranova to date has spent C$14.7 million in qualifying expenditures and will earn a 70% interest in South Uchi by spending an additional C$3.3 million. The company projects that results will be integrated with geological and drilling data to refine future drill targeting along the North Papa mineralised corridor. The South Uchi Project covers a portion of Confederation Assemblage volcanic rocks and the boundary between the Uchi and English River geological subprovinces.

Sankamap Secures Two-Year Prospecting Licence Renewals for District-Scale Kuma and Fauro Copper Gold Properties

(CSE: SCU) Sankamap Metals Inc. announced that the Solomon Islands Government has approved the renewal of the Company's prospecting licences for its 4,500-hectare Kuma Property and 24,100-hectare Fauro Property, securing uninterrupted exploration activities across a combined 28,600 hectares. The renewed licences are valid for a further two-year term and include continued authorization for drilling and all approved exploration activities. At Kuma, the inaugural drill hole KU26-001 intersected a 30.5-metre interval characterized by intense clay alteration, abundant anhydrite veining, and pervasive pyrite mineralization, with assay results pending. At Fauro, historical trenching returned results including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au, and grab sample assays up to 173 g/t Au, while recent sampling at the Kiovakase Target returned copper values up to 4.09% Cu. The company projects that drilling is expected to resume during July/August 2026 and plans to advance both projects through systematic exploration and target generation. Community access agreements have also been renewed, and all government permitting and environmental compliance requirements remain in good standing. Sankamap Metals Inc. is dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project in the Solomon Islands.

Graycliff Reports Additional Drill Results Including 7.3 Metres of 10.51 G/t Gold at Shakespeare Gold Project, Ontario

(CSE: GRAY) (OTCQB: GRYCF) Graycliff Exploration Limited announced additional high grade gold assay results from metallurgical drill holes B and C, including an interval of 10.5 grams per tonne (g/t) gold over a 7.3 metre (m) interval in drill hole B, with a 1.0 m intersection of 43.50 g/t gold and a 1.0 m intersection of 45.90 g/t gold. Drill hole A previously reported an interval grading 454.34 g/t gold over a 7.0 m interval. All three holes (A, B & C) were located at 433802 E and 5126912 N, with hole A drilled to a depth of 149 m, hole B to 117 m, and hole C to 101 m. Over four phases of drilling between 2020 and 2022, Graycliff drilled 61 holes totaling more than 12,500 metres, with 38 of the 61 holes having gold mineralized intervals and 40% of those 38 holes including sightings of visible gold. The company’s Shakespeare Project consists of one crown patented lease, two crown leases and 82 claims on a property associated with the historic Shakespeare Gold Mine. Graycliff to date has drilled over 12,900 metres, with visible gold mineralization and significant gold assay intervals in numerous drill holes. The company projects completing its previously announced LIFE financing and re-activating exploration at the Shakespeare Gold Project.

KO Gold Provides Exploration and Drilling Update on Its Otago Gold District Permits, New Zealand

(CSE: KOG) KO Gold Inc. announced an update on its 2026 drilling and exploration campaign across its 100%-owned exploration permits in the Otago Gold District, South Island, New Zealand. Since drilling commenced on May 5, 2026, 21 RC holes have been completed and 1,554.4 metres have been drilled at the Smylers EP, with a total of 24 holes planned for the Smylers East and Smylers Main targets. Concurrent soil geochemical sampling has resulted in 250 soil samples collected to date, and a diamond drilling rig has been secured from Eco Drilling for the Carrick EP core drilling program. The Mineral Impact Assessment for the Carrick permit remains valid through November 2026, and the company holds four 100%-owned exploration permits within the Otago Gold District for a combined land package of 400 km2, as well as an NSR on three additional permits totaling 340 km2. Initial assay results from the current drilling are anticipated in Q3 2026, and five drill holes are planned at Hyde to test the presence of HMSZ. The company projects the completion of the remaining drill holes in the current Smylers main-zone program, the commencement of diamond drilling at Carrick, and the advancement of the antimony exploration program at Carrick EP.

Gelum Targets Additional Mineralization Beyond Known Existing Gold Targets

(CSE: GMR) (OTCQB: GMRCF) Gelum Resources Ltd. reports it has completed a second comprehensive rock sampling programme on its Las Tinajas Gold Project, covering 2,600 hectares in the north end of the Maricunga Gold Belt, Chile. The company collected 403 rock samples, which are expected to extend the well-documented gold mineralization identified by historical drilling and recent surface rock sampling by Gelum. The Las Tinajas Project is surrounded by a land package under development by a Joint-Venture between Rio Tinto and CODELCO, targeting porphyry copper mineralization below epithermal gold deposits. Southern Rock Geophysics has mobilized to complete magnetotellurics (MT) and vector induced polarization (VIP) surveying at Las Tinajas, with the MT survey reaching depths of nominally 3,000 metres or greater and the VIP survey to approximately 800 metres. Management intends to use the funds from the recent equity raise to immediately drill once targets are established. Several porphyry copper deposits lie within 10km of Las Tinajas in the Potrerillos Cu-Au District.

Summer Fieldwork Underway at Gold Finder's West Madsen Gold Project, Red Lake, Ontario

(TSXV: GLD) (OTCQB: GLDFF) Gold Finder Resources Ltd. announced that summer fieldwork is underway at its 100%-owned West Madsen Gold Property. The West Madsen Gold Property covers 5,988 hectares in the heart of the Red Lake Gold Camp and consists of two contiguous claim blocks: Block A to the east and Block B to the west. The company has completed approximately 11,100 metres of diamond drilling over 28 holes, with notable results including 14.4 grams per tonne (g/t) Au over 0.5 metres in 2020, 0.16 g/t Au over 195 m (including 0.51 g/t Au over 10.90 m) in 2021, and in 2024, 0.28 g/t Au over 15 m and 0.85 g/t Au over 9.44 m. Gold Finder is one of 68 exploration companies that received OJEP funding, as part of the province's CAD $10 million investment in junior mineral exploration. The summer 2026 program will continue exploration at the western and eastern extremes of the Block A claim group, focusing on geological mapping and prospecting to better define the position of the Balmer-Confederation contact zone. The company projects that work will evaluate lithologies, including ultramafic rocks and iron formation, within the Balmer Assemblage that may help target gold mineralization. Since acquiring the original claim blocks from Great Bear Resources in 2019 and additional claims from Bounty Gold in 2020, Gold Finder has focused its exploration on Block A.

Galleon Gold Awards Underground Development to Aki-Dumas, Advancing West Cache Bulk Sample Program

(TSXV: GGO) Galleon Gold Corp. has issued a Limited Notice to Proceed ("LNTP") and Letter of Award ("LOA") to Aki-Dumas Limited Partnership for underground development activities at its West Cache Gold Project located in Timmins, Ontario. The West Cache Gold Project covers approximately 11,600 ha and is located 13 km west of Timmins, Ontario on Provincial Highway 101. The project is situated in the Western Porcupine Gold Camp along the Destor-Porcupine Fault Zone within the Abitibi greenstone belt, approximately 7 km northeast of Pan American Silver's Timmins West Mine. Galleon Gold is advancing preparations for its planned bulk sample program, which includes an upcoming 86,500-tonne bulk sample program. Initial activities under the LNTP are expected to include detailed engineering, development planning, procurement of long-lead items, and mobilization activities. The parties are expected to finalize a definitive underground development agreement in due course.

Gold Runner Exploration Announces Commencement of Radiometric and Airborne Magnetic Surveys at Golden Girl Property, Golden Triangle B.C.

(CSE: GRUN) Gold Runner Exploration Inc. announced that radiometric and airborne magnetic surveys for its Golden Girl project in the Golden Triangle of British Columbia have commenced, with data acquisition completed and processing underway. Mobilization for field work is scheduled for July 12, 2026, with field activities beginning on July 13, 2026. The Golden Girl Property covers 8,471 hectares in the Iskut River region of Northwestern British Columbia, located 17 km from the Snip Mine and 14 km from the Bronson Airstrip. Discovery exploration in 2024 identified a gold-silver system measuring 12 km by 7 km, with grab samples assaying up to 11.28 g/t Au, 3,262 g/t Ag, 5.37% Cu, 20% Pb, and 14.15% Zn, and channel cuts assaying up to 3.74 g/t Au, 2,105.45 g/t Ag, 0.88% Cu, 5.48% Pb, and 7.42% Zn. More than 95% of the property has never undergone systematic modern exploration, and recent glacial retreat has exposed new areas for mapping and sampling. The company projects that the initial summer 2026 program will bring about strong results based on initial discovery exploration sampling. Gold Runner holds the option to acquire a 100% interest in the Golden Girl Property and a 10% carried interest in the Cimarron project in Nevada.

Advanced Gold Exploration Reports High Grade Results From 2026 Silver Belle Mapping and Reconnaissance Program

(CSE: AUEX, OTCQB: AUHIF) Advanced Gold Exploration Inc. announced assay results from its spring mapping and sampling reconnaissance program at its 100% owned Silver Belle project in Nevada. Highlights include 257 g/t Ag over 0.7 meters at the Pixie mine, 192 g/t Ag, >10% Pb, 2.3% Zn and 0.1% Cu over 1 meter at the Phillipsburg mine, and 189 g/t Ag and 7.4% Zn at the Mammoth mine. The Silver Belle project covers about 2,000 acres within the Diamond Mining District located 55 km north of the Eureka district. Historic intermittent production from 1936-1955 is recorded at 851,898 oz Ag, 755,100 lbs Pb, and 184,520 lbs Zn, with a 1937 smelter shipment of 21 tons returning approximately 1,611 g/t silver, 34 per cent lead, 9 per cent zinc, 1 per cent copper and 0.3 per cent antimony. Gold assays are pending, and the primary purpose of the sampling program was to re-establish and validate historic mineralization as part of a NI 43-101 Technical Report. The company projects additional more-detailed exploration work in several areas is warranted in advance of a planned maiden drill program.

Toogood Gold Provides Phase 1 Exploration Update at Table Mountain Gold-Silver Project, Nevada

(TSXV: TGC) (OTCQB: TGGCF) Toogood Gold Corp. announced the completion of several key components of its Phase 1 exploration program at the Table Mountain Gold-Silver Project. The company collected 6,260 soil samples on a northwest-southeast oriented grid at 100 m line spacing and 25 m sample spacing, completed a ground gravity survey with 1,688 stations on a 100 m by 100 m grid, and conducted a UAV magnetic survey totalling approximately 780 line-kilometres flown at 25 m line spacing. A LiDAR survey was completed covering approximately 15.4 km², and 88 rock samples were collected during Phase 1 prospecting and rock sampling. The company entered into a six-month agreement with ATH Media for a total fee of CAD$100,000 to provide a digital marketing and investor relations campaign. Initial soil and rock assays, as well as final processed and interpreted geophysical and LiDAR products, are expected in the coming weeks. The company projects that Phase 2 exploration will include approximately 20 line-kilometres of controlled-source audio-frequency magnetotellurics (CSAMT), targeted follow-up mapping and sampling, refinement of priority drill targets, and preparations for a planned maiden drill program, subject to receipt of required permits and approvals.

K2 Gold Provides Exploration Update on Drill Program at the Mojave Project, California

(TSXV: KTOV) (OTCQX: KTGDF) K2 Gold Corporation announced an update on its fully funded 14,000 metre reverse circulation drill program at its 100%-owned Mojave Project in Inyo County, California. To date, 574.5 metres in three drill holes have been completed, with drilling underway on the fourth hole. The initial 16 holes at Dragonfly are designed to follow up on 2020 drill results, which included intercepts of 45.72 metres grading 6.68 g/t gold and 30.48 metres grading 7.18 g/t gold, both beginning at surface. A total of 797 rock samples have been collected to date over the target areas, including 615 rock samples from the Morningstar Trend. Historical channel sampling at the Flores target returned 3.78 g/t Au over 43m, and historical work at the Stega Zone returned up to 14.2% Cu and up to 12.68 g/t Au. In early 2026, K2 completed an 8-hole, 3,871m exploration drilling program at the Si2 Project, with assay results pending. The company projects that results from the sampling program and ongoing geological interpretations will be reported as they become available.

Tudor Gold Discovers Higher-Grade Silver Breccia Within CBS Zone at Treaty Creek

(TSXV: TUD) Tudor Gold Corp. reported results from the first two drillholes (CBS-26-08 and 09) completed at the CBS Zone as part of the 2026 Exploration Drill Program at its 80%-owned Treaty Creek Project, located in the heart of the Golden Triangle of Northwestern British Columbia. Drill hole CBS-26-08 intersected 61.28 g/t silver and 0.09 g/t gold over 34.15 m starting 264.00 meters downhole, including 201.84 g/t silver and 0.07 g/t gold over 7.20 m starting 280.00 meters downhole. Hole CBS-26-08 also intersected 2.57 g/t gold and 0.39 g/t silver over 3.00 m starting 6.00 meters downhole, and 0.53 g/t gold and 9.81 g/t silver over 20.60 m starting 61.90 meters downhole, including 0.92 g/t gold and 16.99 g/t silver over 9.30 m starting 73.20 meters downhole. Hole CBS-26-09 intersected 0.79 g/t gold and 4.71 g/t silver over 47.00 m starting 153.00 meters downhole, including 1.04 g/t gold and 1.49 g/t silver over 24.50 m starting 153.00 meters downhole. The Treaty Creek 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 (912.3 million tonnes grading 0.85 g/t gold, 5.07 g/t silver and 0.15% copper) and Inferred Mineral Resources of 2.6 million ounces of gold, 7.2 million ounces of silver and 67.9 million pounds of copper (21.8 million tonnes grading 3.64 g/t gold, 10.22 g/t silver and 0.14% copper). The company has filed a permit application for approval to construct an underground ramp for access to drill the high-grade gold SC-1 Zone. A Preliminary Economic Assessment on placing the Goldstorm Deposit in production as an underground mine is now underway. The company plans to follow up on the higher-grade silver intercept later in the Program after completing drilling at the Perfectstorm Zone.

Inspiration Completes Diamond Drill Program at Rottenstone North Gold-Copper Project; Samples Submitted for Analysis

(CSE: ISP) Inspiration Mining Corp. announced the successful completion of its recent diamond drilling program at its 100%-owned Rottenstone North Gold-Copper Project in Northern Saskatchewan. Core logging and sampling have now been finalized, and all samples have been shipped to PMC Labs in Maple Ridge, B.C. for sample preparation and geochemical analysis. The Company anticipates receiving assay results over the coming weeks. Once all analytical data have been received, verified, and interpreted by the Company's technical team, the Company will report the results in a subsequent news release. Dr. Scott Jobin-Bevans, P.Geo. (APEGS No. 82498), an independent adviser to the Company, has reviewed and approved the technical content in this news release. Inspiration Energy Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. The Company's objective is to locate and develop properties of merit and to conduct exploration on the Company's properties.

Verity Resources Defines New Gold Anomalies With Infill and Soil Sampling at Monument Targets

(ASX: VRL) Verity Resources has defined new gold intrusive targets and anomalies from infill and soil sampling at the Gum Well, Star Well, McKenzie Well, McKenzie Granite, and Korong Syenite targets within its Monument gold project in Western Australia. First-pass coverage on the newly-granted Gum Well tenement defined a coherent gold-in-soil anomaly over approximately 1.1 kilometres of strike with a maximum gold-in-soil value of 64 parts per billion, remaining open to the north and south. The McKenzie Well target returned gold anomalism of more than 5ppb across the eastern portion of an interpreted granite-greenstone contact over 2.2km of strike, with sampling across the south-eastern portion identifying gold anomalism over 1.1km strike and a previous anomaly grading up to 48ppb. Infill soil sampling at McKenzie Granite returned a maximum gold-in-soil value of 21ppb, while soil sampling within the Korong syenite returned anomalous values up to 264ppb gold, the highest individual result of the campaign. Soil sampling at Star Well delivered high-grade assays up to 44ppb gold, and previous surface sampling returned high-grade rock chips of up to 6.17g/t gold, with multiple samples exceeding 1g/t gold over approximately 40m strike. Genesis Minerals’ (ASX: GMD) McKenzie Well deposit hosts a resource of 950,000 tonnes grading 1.1 grams per tonne gold for 34,000 ounces. The company projects that the sampling results would create a broader selection of drill targets for the project.

EV Resources Defines High-Grade Soil Anomalies at Milton and Dollar Antimony-Gold Projects

(ASX: EVR) EV Resources has defined an 1,100-metre high-grade antimony-gold target from maiden soil geochemistry at its wholly owned Milton and Dollar projects in Nevada. The survey comprised a total of 567 soil samples, with 324 at Milton and 243 at Dollar, grid-spaced at 100m lines with 25m stations targeting C-horizon residual regolith. One sample at the Dollar Mine node returned peak anomalies of 0.415 parts per million gold and 2,080ppm (or 0.2%) antimony, while another sample showed 1,305ppm arsenic and 0.167ppm gold. The Resurrection node returned 17.05ppm silver, 932ppm antimony, 872ppm lead, and a highly anomalous 2,680ppm zinc, reported as the highest zinc value in the Dollar population. Geological field reconnaissance at Milton confirmed extensive hydrothermal silicification and prominent brown-to-reddish jasperoid replacement bodies. The company’s dual-track strategy targets near-term production in Mexico alongside a growing domestic antimony supply position. Management states that these geochemical footprints establish a strong technical foundation as they advance mapping, initiate geophysical surveys, and systematically refine targets for potential drill testing.

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