Gold Bulletin

Thursday, May 28, 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

Doubleview Gold Corp. Announces Granting of Stock Options

Doubleview Gold Corp. (TSXV: DBG, OTCQB: DBLVF) announced the granting of an aggregate of 3,210,000 stock options to certain officers, directors, and consultants. The options were granted on May 28, 2026, have a term of three years, and may be exercised at a price of $2.55 per common share. All options vest on the day of the grant except for 50,000, which vest in 12 months. The options were issued under the company's rolling 10% stock option plan, most recently approved by shareholders on January 23, 2026. The Hat Project, located in northwestern British Columbia, is a polymetallic copper-gold-cobalt-scandium project that continues to advance through exploration and technical programs. The company highlights its strategy of acquiring and exploring precious and base metal projects in North America, particularly in British Columbia.

Kapa Gold Announces Private Placement

KAPA GOLD INC. (TSXV:KAPA) announced a non-brokered private placement for gross proceeds of up to CAD$2,000,000. The offering will consist of 13,333,333 units at a subscription price of CAD$0.15 per unit, with each unit including one common share and one transferable common share purchase warrant. Each warrant is exercisable at CAD$0.25 for 24 months from the closing date, and the company may accelerate the expiry date if certain trading conditions are met. Proceeds will be used for the next drill program at the 100% owned Blackhawk Gold property in Lucerne Valley, California, and for general working capital. Insiders will also subscribe for units, and all securities issued will be subject to a statutory hold period of 4 months plus a day. Closing is subject to TSXV approval, and details of the drill program will be announced in a future press release.

GoldQuest Extends High-Grade Polymetallic VMS Mineralization at Cachimbo Target, Dominican Republic

GoldQuest Mining Corp. (TSXV: GQC, OTCQX: GDQMF) announced new assay results from its ongoing exploration campaign at the Cachimbo target in the Dominican Republic. Drill hole TIR-26-62 intersected 12.15 metres of high-grade polymetallic VMS mineralization, confirming the continuity of a newly identified high-grade mineralized level. The intercept included significant grades of gold, silver, copper, zinc, and lead, with a sub-interval returning exceptionally high zinc values, including one sample above the laboratory's upper detection limit (>40% Zn) that is being re-analyzed. The results support further drill testing along the 7.5 km anomalous corridor and will be incorporated into ongoing geological interpretation and drill targeting activities. Additional assay results from a stringer zone below the high-grade VMS level are pending and will be reported once received. The company continues to integrate geological and geophysical data to refine drill targeting at Cachimbo. These developments are important for GoldQuest as they confirm the high-tenor polymetallic character of the system and provide a pathway for potential resource expansion.

PolarX Announces Outstanding Geophysics Results and Sampling Assays From Their Alaska Range Project

PolarX Limited (ASX: PXX; OTCQB: PXXXF) announced outstanding geophysics results and surface sampling assays at its Alaska Range Project. New 3D magnetic inversion modeling identified a large magnetic body with a diameter of 3.5km extending from the Zackly magnetite skarn deposit across Jupiter to the Gemini prospect. High-grade surface mineralization was found directly over several magnetic apophyses, enhancing the prospectivity for large-scale intrusion-related copper-gold mineralization. A total of 128 rock chips were collected, returning widespread high-grade copper and gold results at the Jupiter and Mars and surrounding prospects. The Alaska Range Mine Development has a total JORC resource of 11.2Mt; 269,375t Cu, 213,000oz Au and 3.131,000 oz Ag. The 2024 Spring Scoping Study showed A$625m pre-tax NPV, A$223m Capex, 74% IRR, and a 1.6-year payback. In Nevada, the company is focusing on the Humbold Range, which also boasts high grades of gold, silver, lead and zinc.

Completion of $100 Million Private Placement

Galantas Gold Corporation has completed a $100 million private placement, issuing 181,819,000 units at $0.55 per unit for aggregate gross proceeds of $100,000,450. The offering was led by Canaccord Genuity Corp. and included participation from Haywood Securities Inc., SCP Resource Finance LP, and BMO Nesbitt Burns Inc. Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.80 for 24 months. Major shareholders including Eric Sprott, Ocean Partners, and Melquart participated, with insiders purchasing 52,764,000 units. The net proceeds are expected to fund exploration and development of the Indiana Gold and Copper Project and the Andacollo Gold Project in Chile, pending completion of the Andacollo Acquisition. Following the offering, the company's issued share capital will be 734,628,488 common shares. Admission of the new shares is expected on or around June 2, 2026.

Purecore Metals Announces Field Program Commencement at the Bankier Property

Purecore Metals Inc. (CSE:PURE) announced that HEG & Associates geoscientists have begun boots-on-the-ground exploration as part of the Company's 2026 exploration program at the Bankier Property in British Columbia. The Company holds a 100% interest in Bankier, which is an early-stage exploration project with prospective alteration signatures and multi-element Mobile Metal Ion (MMI) anomalies in copper, molybdenum, gold, zinc, silver, lead, and uranium. The 2026 field initiatives include systematic prospecting, geological traverses, comprehensive geological mapping, and infill soil sampling to complement the 2022–2023 MMI database. Peter Berdusco, President and CEO of Purecore, stated that the project aligns with the Company's strategy of advancing critical minerals opportunities tied to long-term demand across energy, technology, and defense.Geo., an independent Qualified Person. The Company is focused on building a critical minerals portfolio aligned with long-term trends in energy, technology, and defense sectors.

Montero Commences Initial Drilling at the Elvira Gold Project, Chile

Montero Mining and Exploration Ltd. (TSXV: MON) announced that drilling has commenced at the Elvira Gold Project in Chile. The current first-pass drill program is designed to test the highest-priority integrated drill targets defined by Montero from its geological, geochemical, and geophysical review of the Elvira system. Initial drilling has started with MON-ELV-01, a priority hole targeting the central part of a >22.5 mV/V chargeability anomaly at depth beneath the historical drillhole EL-12 area. The first-pass drilling program is expected to comprise four initial holes for approximately 2,025 metres, subject to drilling conditions and operational progress. Montero holds a 100% interest in the Avispa copper-molybdenum project in northern Chile and has an option to acquire the Elvira and Potrero gold projects in the Maricunga Gold Belt. The company has completed site preparation, logistics planning, and field mobilization for the initial drill campaign. These exploration activities are part of Montero's ongoing efforts to advance its projects in Chile.

GoldHaven Expands District-Scale Airborne Survey at Magno to 2,237 Line-Kilometres to Advance 2026 Drill Targeting

GoldHaven Resources Corp. (CSE: GOH, OTCQB: GHVNF) announced the expansion and ongoing completion of its high-resolution airborne geophysical survey at its 100%-owned Magno Project in the Cassiar District of northern British Columbia. The survey, conducted by Dias Airborne Limited, has been increased to approximately 2,237 line-kilometres from the originally planned 1,741 line-kilometre program, expanding coverage across priority mineralized corridors and intrusive contact zones. The survey is designed to support a planned 5,000 metre 2026 diamond drill program targeting the Magno, Kuhn, and D Zones. High-grade surface sampling has returned values up to 2,370 g/t Ag and 6,550 ppm tungsten (W). The QMAGT technology used in the survey has previously been utilized in the Hercules Metals Leviathan discovery in Idaho. GoldHaven believes the integration of this new geophysical dataset with other exploration data has the potential to significantly refine and prioritize drill targets ahead of the 2026 exploration activities. The company also owns other mineral projects in British Columbia and Brazil, and continues to advance its exploration initiatives.

McFarlane Lake Announces $6.75 Million Investment Led by Strategic Investors – Michael Gentile and Pierre Beaudoin

McFarlane Lake Mining Limited (CSE: MLM, OTC: MLMLF) announced a non-brokered private placement financing for aggregate gross proceeds of up to approximately $6.75 million. The financing is led by a strategic investment from Michael Gentile, who has agreed to subscribe for up to $6.35 million, with Pierre Beaudoin committing to subscribe for the balance. Units are priced at $0.12 each, with each unit consisting of one common share and one warrant exercisable at $0.16 for 36 months. The proceeds may be used to repay outstanding debentures, advance exploration and development at the Juby Gold Project, and for general working capital. The Juby Gold Project hosts a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category and 3.17 million ounces in the Inferred category. Closing of the offering is subject to customary conditions, including regulatory approvals. Upon closing, Michael Gentile is expected to hold approximately 19.67% of the company’s issued and outstanding shares on a partially diluted basis.

Crossroads Gold Closes Acquisition of Rox-ex and Its Pambula and Club Terrace Projects in Southeastern Australia, and Announces Steiglitz Project Update

Crossroads Gold Corp. (TSXV: CRG) (OTCQB: CRGCF) has closed its previously announced acquisition of 100% of Rox-ex Pty Ltd., an Australian exploration company holding gold and base-metal assets in southeastern Australia, including the Pambula Gold Project in New South Wales and the Club Terrace Project in Victoria. The acquisition consideration included C$50,000 in cash, 2,000,000 common shares, and two future C$100,000 cash payments, as well as a 2.0% net smelter return royalty with a C$2,000,000 buyback option. Pambula features historic production of 45,200 ounces of gold and significant drill intercepts, while Club Terrace covers a 34 km corridor of historic goldfields. Crossroads plans immediate exploration at Pambula and expects the Club Terrace exploration license to be granted in the second or third quarter of 2026. The company also provided an update on soil sampling at the Steiglitz Gold Project in Victoria, with 137 soil sample assays pending. Crossroads emphasizes its strong treasury, experienced technical team, and commitment to responsible resource development as it advances its Australian exploration strategy.

Xali Gold Completes Baseline Studies on the Pico Machay Gold Project in Peru

Xali Gold Corp. (TSXV:XGC) announced the completion of baseline studies required for the Ficha Técnica Ambiental - Drilling Permit (FTA) on its Pico Machay Gold Project in Peru. The studies, conducted by GEADES, included environmental and social baseline sampling and monitoring, with fieldwork finalized on May 10, 2026. The company expects to submit the FTA application to the DGAAM of MINEM by or near the end of June. Completion of these studies marks a significant step in advancing the Pico Machay Project, which aims to become a near-term gold development opportunity in Peru. Xali Gold is also progressing with underground and surface sampling programs and ongoing community engagement for a long-term surface access and shared value agreement. The company maintains exploration potential at Pico Machay and holds two royalty agreements related to the El Oro gold-silver Project in Mexico. Next steps include technical evaluations, planning for future drilling, metallurgical studies, resource modelling, and advancement of a Preliminary Economic Study (PEA).

Critical One Energy Signs Strategic MOU to Advance Infrastructure at Howells Lake Antimony-Gold Project

Critical One Energy Inc. (CSE: CRTL, OTCQB: MMTLF) announced the signing of a strategic Memorandum of Understanding (MOU) with Green Infrastructure Partners Inc. (GIP) to support road planning, civil works, workforce training, and contract mining services at the Howells Lake Antimony-Gold Project in Ontario, Canada. The MOU establishes a framework for GIP's involvement in project planning ahead of broader Northern Ontario infrastructure demand, including road construction and heavy equipment operator training for First Nation community members. The Howells Lake Project is positioned as a North American source of critical minerals for defence, technology, and clean energy, with drilling of high-grade antimony and near-pure stibnite already completed. The MOU includes a first right of refusal for GIP on contract mining and material supply, and aligns the project with Ontario's Ring of Fire road program, with construction scheduled to begin in June 2026. The initial term of the MOU is 24 months and is non-binding pending definitive agreements. All activities are expected to be carried out in cooperation with Eabametoong First Nation under an existing Exploration Agreement. Critical One also holds uranium and copper assets in Namibia, providing additional exposure to critical minerals and energy metals.

GFG Discovers District-Scale Gold System at Nahanni With High-Grade Intercepts up to 11.20 G/t Au in First-Pass Drilling

GFG Resources Inc. (TSXV: GFG OTCQB: GFGSF) announced assay results from its first-pass regional diamond drilling program at the Nahanni target on the Goldarm Property in the Timmins Gold District of Ontario. The 10-hole, approximately 3,000 metre program tested three high-priority target areas along a 6-kilometre segment of the Pipestone Deformation Zone, marking the company's first regional drill campaign outside of the Aljo and Montclerg areas. Drilling intersected high-grade gold mineralization at all three target areas, including intervals above 5 grams of gold per tonne and locally above 10 g/t Au, within broad zones of deformation, sulphidation, veining and strong alteration. Highlights include 11.20 g/t Au over 0.7 m, 5.12 g/t Au over 1.5 m, and 0.66 g/t Au over 9.0 m, among others. The results validate GFG’s greenfield targeting model and confirm a large-scale mineralizing system associated with the PDZ. The company plans to complete approximately 10 km of diamond drilling in 2026, supported by a $5.0 to $5.5 million exploration budget. Follow-up drilling at Nahanni is planned for the second half of 2026, focusing on the eastern target areas.

JZR Gold Inc. Assumes Operatorship of the Vila Nova Gold Project, Advances Toward Full Plant Production Capacity

JZR Gold Inc. (TSXV: JZR) (OTCPK: JZRIF) announced that it has entered into an agreement with ECO Mining Oil & Gas Drilling and Exploration Ltda. to assume direct operatorship of the Vila Nova Gold Project in Amapá State, Brazil, effective immediately. This transition makes JZR both the operator and a royalty holder of the project. JZR will now be responsible for plant operations, staffing, and production performance at the fully permitted Vila Nova facility. Under ECO's previous operatorship, the processing plant was constructed, commissioned, and key infrastructure and permits were secured. JZR has begun hiring qualified personnel to manage and operate the plant, with the immediate goal of achieving maximum plant capacity on a consistent and sustainable basis. The company will provide further updates on staffing, operational progress, and plant performance as the transition advances. This development is significant for JZR as it moves into the next phase of project development and operational execution.

Medaro Mining Announces High-Grade Copper and Gold Assay Results From Sampling Program at the Bastnas Project in Sweden

Medaro Mining Corp. (CSE:MEDA) announced highly encouraging results from a rock chip sampling program at its Bastnäs Project in the Bergslagen Mining District, central Sweden. Assay results from the first 97 out of more than 200 surface samples revealed high-grade copper and gold, as well as elevated rare earth element (REE) values, particularly cerium, lanthanum, and yttrium. A high-resolution drone magnetic survey is currently underway, and follow-up ore-grade REE analyses are in progress for selected samples. The sampling program primarily covered the 1,130 hectare Bastnäs 100 and 200 permits, which are valid until February 2029. Ongoing work includes further sampling in June 2026, with up to 250 samples expected to be collected and assayed by the end of the program. The results support the project's copper, gold, and REE prospectivity and will inform future exploration and drill targeting.

Kodiak Reports Positive Results From Metallurgical Testwork on the MPD Project

Kodiak Copper Corp. (TSXV:KDK, OTCQB:KDKCF) announced results from its second metallurgical program on samples from its 100%-owned MPD copper-gold project in southern British Columbia. The testwork demonstrated improved recoveries and concentrate grades at a coarser grind size, with rougher recoveries of up to 91.1% copper, 81.4% gold, and 80.4% silver at a P80 of 150 µm. The first locked-cycle test confirmed stable flotation performance, achieving overall cleaner concentrate recoveries of 78.7% copper, 60% gold, and 49.3% silver. The company identified that a portion of gold is present as free gold, suggesting gravity recovery processes may further improve gold recovery. Kodiak plans to continue advancing metallurgical studies, including variability testing and process optimization. These results reinforce the amenability of the MPD deposits to a traditional sulphide flotation flowsheet and indicate potential benefits for future project economics. A maiden resource estimate for MPD is planned in 2025, and further exploration and metallurgical testing are ongoing.

American Pacific Mobilizes Drills in Preparation for 15,000-Metre Drill Program at Madison Copper-Gold Project in Montana

American Pacific Mining Corp. (CSE: USGD, OTCQX: USGDF) announced the arrival of the first of two drills at its Madison Copper-Gold Project in Montana, in preparation for a 15,000-metre drill program. The program will include both reverse circulation and diamond core drilling, targeting five high-priority skarn and porphyry targets. The diamond drilling will focus on deeper porphyry targets (5,000 metres), while RC drilling will test near-surface skarn targets (10,000 metres). Drilling is expected to commence in the coming days, with initial assay results anticipated this summer. The company will provide further updates as drilling progresses. American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States, with its flagship asset being the 100%-owned past-producing Madison Copper-Gold Project. The company aims to provide shareholders with discovery and exploration upside exposure across its portfolio through partnerships, spin-outs, and direct exploration.

Eastern CLP Gold Exploration Update

Oriole Resources PLC (AIM: ORR), a gold exploration and development company focused on Central and West Africa, has provided an update on its 90% owned Eastern Central Licence Package (Eastern CLP) in Cameroon, which includes the Ndom, Pokor, Niambaram, and Tenekou licences. The Eastern CLP is contiguous with the Company's 50%-owned Mbe licence, where a JORC Inferred Mineral Resource of 1.23Moz gold has recently been reported. Recent exploration at Pokor returned rock-chip samples up to 1.24g/t Au, while at Ndom, selective rock-chip sampling at the ND02 target returned up to 17g/t Au. At Niambaram, rock-chip sampling yielded a best result of 1.39g/t Au, and soil sampling results are anticipated in H2-2026. The company is also progressing with infill soil and auger sampling at Ndom and ongoing mapping and sampling at Niambaram. These results continue to support the district-scale potential of the Eastern CLP, and further updates will be provided as meaningful results are received.

Xpedra Resources Extends Shallow Gold System With RC Drilling at Springfield

Xpedra Resources (ASX: XPD) has reported further wide and shallow gold intersections from its maiden reverse circulation (RC) drilling program at the Springfield gold deposit in New South Wales. The latest assays from three drill holes include 52 metres at 1.35 grams per tonne gold from 20m, with an 11m section at 3.03g/t gold from 39m, including 4m at 5.69g/t gold from the same depth. Additional results include 25m at 1.23g/t gold from 42m, and 24m at 1.03g/t gold from surface. The company has completed 27 holes in the maiden RC program and has now received assays for five holes, all intersecting broad zones of shallow mineralisation. The system remains open at depth to the west, with more than 1.7km of mineralised intrusion. Preparations are well advanced for the next drilling program in June, which is designed to continue testing the continuity and broader extent of mineralisation across the deposit.

General Copper Gold Corp. Announces Completion of Financing

General Copper Gold Corp. (CSE: GGLD) announced the completion of its previously announced private placement, issuing 35,000,000 units at CDN$0.05 per unit for gross proceeds of CDN$1,750,000. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at CDN$0.10 per share for 12 months. The company paid a 6% cash finder's fee totaling CDN$43,920 to eligible persons. Net proceeds will be used to exercise an option agreement with Frantier Mining Namibia (Proprietary) Limited for an 80% interest in a Namibian prospecting license, to advance exploration on the Topley Richfield copper-gold property in British Columbia, and for general corporate purposes. The Topley Richfield property covers 2,313 hectares and has seen previous work in 2008, 2015, and 2021. Multiple drill targets have already been identified. All securities issued are subject to a four month resale restriction.

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