Gold Bulletin

Monday, May 11, 2026

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Aben Gold Corp. Announces 2026 Exploration Program at Justin Gold Tungsten Project, Yukon

Aben Gold Corp. (TSX-V: ABM) announced the scope of its 2026 exploration program at its 100%-owned Justin Gold Tungsten Project in southeast Yukon, covering approximately 7,400 hectares. The program will include about 1,500 metres of diamond drilling targeting both gold and tungsten, with 1,000 metres at the POW Zone and 500 metres at the Lost Ace Zone. Field activities are scheduled to begin in mid-July and finish by mid-September 2026. The company has contracted Empire Drilling & Consulting Ltd. and Axiom Exploration for drilling and technical support. Aben Gold Corp. has 28.2 million shares outstanding.

Canadian Goldfields Appoints Ian Dasti as Vice President Exploration

Canadian Goldfields Discovery Corp. (TSXV: CGM, OTCQB: CGMXF) announced the appointment of Mr. Ian Dasti, P. Geo, as Vice President Exploration. Mr. Dasti brings 17 years of experience in mining, mineral exploration, and resource estimation, including a leadership role in the discovery of a significant Ontario gold resource. The company is focused on advancing the high-grade, district-scale Miminiska Gold Project in northwestern Ontario, which features more than 14 km of under-explored strike and 25,000 m of historical drilling. Canadian Goldfields also recently announced a transaction to acquire the Newton Gold Property, located approximately 100 km southwest of Timmins and 36 km south of Foleyet, Ontario. These developments position the company to unlock value through disciplined exploration and discovery-focused drilling.

Goldgroup Files Updated Technical Report on San Francisco Gold Project

Goldgroup Mining Inc. (TSXV:GGA, OTCQX:GGAZF) announced the filing of an updated NI 43-101 technical report for its 100% owned San Francisco gold project in Sonora, Mexico. The report outlines current Measured & Indicated resources of 1.226 million oz gold and an additional 178K Inferred oz as of April 30, 2026. The El Llano zone presents an Exploration Target potentially containing between 788,000 oz and 960,000 oz gold. Historic production from the project between 2010 and 2023 was 1,299,502 ounces. The project is fully permitted for a rapid restart of mining operations, with a possible re-start of mining operations and gold production targeted for late 2026 or early 2027.

Brasnova Energy Materials Inc. Field Activities Initiated at Capela Gold Project, Bahia, Brazil

Brasnova Energy Materials Inc. (TSXV: BEM) announced the official commencement of field activities on April 28, 2026, at the Capela Gold Project in the State of Bahia, Brazil. The current program focuses on systematic rock sampling to validate initial gold results, including rock samples returning up to 1.37 g/t Au. The Capela Gold Project spans 3,935.25 hectares and is located in the same gold district as Pan American Silver's Jacobina complex and Equinox Gold's Santa Luz Bahia complex. The project is undergoing technical advancement under the NI 43-101 framework, with ongoing exploration and validation activities.

Functional Brands Inc. Signs Binding Letter of Intent for the Acquisition of the Assets of BullionFX | Alchemy for $142.9 million

Functional Brands Inc. (NASDAQ: MEHA) announced it has executed a binding Letter of Intent to acquire the assets of BullionFX, including its core product Alchemy, in an all-stock transaction valued at approximately $142.9 million. The BullionFX Assets include technology, infrastructure, and intellectual property associated with a blockchain-based financial ecosystem designed around auditable physical gold. The acquisition is expected to provide Functional Brands with access to gold-linked digital financial applications and interoperability between traditional financial systems and blockchain-based networks. The transaction is subject to due diligence, regulatory review, board approvals, and other customary closing conditions. The $142.9 million valuation reflects BullionFX's technology infrastructure and early projected revenue from its suite of decentralized financial products.

Fuerte Strengthens Management Team and Independent Oversight of the Coffee Gold Project Heap Leach Facility

Fuerte Metals Corp. (TSXV: FMT, OTCQB: FUEMF) announced several measures to strengthen the design, construction, operation, and governance of the Heap Leach Facility at its proposed Coffee Gold Project in Canada's Yukon Territory. The company has appointed NewFields Canada Inc. as Engineer of Record, established an Independent Technical Review Board, and named Sébastian Tolgyesi as Vice President, Coffee Project. The Coffee Gold Project hosts 3.0 million ounces of measured and indicated resources and an additional 0.8 million ounces of inferred resources. Fuerte has also applied for membership in the Mining Association of Canada to adopt the Towards Sustainable Mining protocols.

NovaRed Reports Soil Geochemistry Results from North Lamont Target Area, Wilmac Copper-Gold Project

NovaRed Mining Inc. (CSE: NRED, OTCQB: NREDF) reported results from a 2024 soil geochemistry program at the North Lamont target area of the Wilmac Copper-Gold Project in British Columbia, Canada. The 43-sample program identified anomalous copper values, with concentrations reaching up to 379 ppm and a sample-population average of 209 ppm. Multi-element analysis returned chemical signatures associated with magmas favorable for copper-gold porphyry deposits, and these signatures correlate with an intense magnetic anomaly. The North Lamont target is now considered a moderate-priority drill target, with potential to be upgraded pending results of the ongoing IP/AMT survey. The Wilmac Copper-Gold Project covers 16,078 hectares within the Quesnel porphyry belt, near Hudbay Minerals Inc.'s Copper Mountain Mine.

Coppernico Advances Multi-Kilometre Tipicancha Copper-Gold Target Ahead of Initial Drilling

Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF) provided an exploration update on the Tipicancha epithermal-porphyry copper-gold target at its Sombrero Project in Peru. Geological mapping has defined a hydrothermal alteration footprint extending over more than four kilometres, with shallow excavation sampling confirming near-surface copper enrichment and a laterally extensive pyrite-rich hydrothermal horizon. A program of 41 shallow vertical pits was completed, with six pits returning values greater than 0.1% copper, including individual samples up to 0.44% Cu. The company is refining drill targets based on structural, geochemical, and alteration indicators, and plans to drill test the Tipicancha target in the coming months. The Sombrero Project covers approximately 57,000 hectares in Peru and is focused on copper-gold skarn and porphyry systems.

Labrador Gold Announces Option Agreement with Pacific Ridge to Acquire Mariposa and Eureka Dome Gold Projects in the Prolific White Gold District, Yukon

Labrador Gold Corp. announced it has signed an option agreement dated May 8, 2026, with Pacific Ridge Exploration Limited to acquire a 100% interest in the Mariposa and Eureka Dome gold projects in Yukon Territory. The Mariposa project consists of 795 claims over 16,000 ha, with historic placer gold production of 73,000 oz from Scroggie Creek and past drilling highlights including 81.5m at 1.51 g/t Au. The option terms include $500,000 in cash, 6,670,000 common shares, and $5,400,000 in exploration expenditures over four years. The company is planning a summer field program with airborne magnetic and LiDAR surveys, soil sampling, and further exploration. This acquisition gives LabGold an entry into the White Gold District, a prolific gold exploration area in Yukon.

Pacific Ridge Options Yukon Gold Projects to Labrador Gold

Pacific Ridge Exploration Ltd. (TSXV: PEX, OTCQB: PEXZF) announced it has optioned the Mariposa and Eureka Dome gold projects in Yukon to Labrador Gold Corp. Labrador can acquire a 100% interest in both projects by making cash payments totaling $500,000, issuing 6,670,000 shares, and making exploration expenditures totaling $5,400,000 over four years. An additional $1,000,000 cash payment is due upon the filing of a positive feasibility study. Mariposa comprises 795 claims and Eureka Dome comprises 76 claims, both owned 100% by Pacific Ridge. Significant prior drill results at Mariposa include 2.44 g/t gold over 39 metres.

Lake Victoria Gold Announces Closing of First Tranche of Convertible Debenture Financing and Issuance of Interest Shares on Prior Debentures

Lake Victoria Gold Ltd. (TSXV: LVG, OTCQB: LVGLF) announced the closing of the first tranche of its non-brokered private placement of unsecured convertible debentures for gross proceeds of $3,534,200. The company intends to close a subsequent tranche to raise aggregate gross proceeds of up to $3,800,000. Each debenture bears interest at 5% per annum, matures in 36 months, and is convertible into common shares at $0.30 per share. Investors in the first tranche received warrants to purchase 5,890,324 common shares at $0.40 per share for 36 months. Proceeds will be used to advance the Imwelo Gold Project, support the Tembo Project, and for general corporate purposes.

RETRANSMISSION: Inspiration Mining Mobilizes Crew for Drilling at Rottenstone North Gold-Copper Project in Northern Saskatchewan

Inspiration Mining Corp. (CSE:ISP) announced that drilling is expected to commence in the coming days at its Rottenstone North Gold-Copper Project in Northern Saskatchewan. The company plans to test VMS-style copper-zinc-lead-silver-gold targets along the southeastern boundary of the Project, with drill holes based on geophysical anomalies and regional structural corridors. Inspiration holds 100% ownership in about 35,500 hectares (87,700 acres) in the Rottenstone Gold / Copper Camp, including the Rottenstone North Project (4,512 ha) and the Rottenstone West Project (31,011 ha) acquired in August 2026. The company is one of the largest landholders in the region, which is emerging as a significant VMS and gold exploration district. Recent AMRT satellite surveys identified numerous high-priority gold and copper targets, and management is optimistic about the upcoming drill program.

American Pacific Mining Commences Field Reconnaissance and Sampling Program at the Ziggurat Gold Project, Nevada

American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) announced the commencement of a field reconnaissance and surface sampling program at its Ziggurat Gold Project in Nye County, Nevada. The program involved collecting 59 rock samples and 20 stream sediment samples to advance understanding of priority target areas and expand geochemical coverage. The project is located near several multi-million-ounce gold mines and is considered prospective for Carlin-type gold mineralization. Results from the sampling are expected later in Q2, which will inform a more focused Phase II program in early Q3 and help optimize a future drilling program. The company emphasizes its commitment to high-quality exploration and analytical practices.

Defiance Silver Drilling Returns up to 356 g/t Ag and 2.15 g/t Au in Additional Silver and Gold Structures

Defiance Silver Corp. (TSXV: DEF, OTCQX: DNCVF) provided an update on its current drilling campaign at the Zacatecas Project in Mexico. The company reported results from holes DDSA-25-78 through DDSA-25-81, totaling 1,486m of drilling, as part of a minimum 10,000m diamond drill program. Highlights include DDSA-25-80 returning 1.20m of 356.00 g/t Ag and 2.15 g/t Au, and DDSA-25-81 returning 2.63m of 111.32 g/t Ag. To date, 4,039m of drilling has been reported. These results are significant for validating the geological model and informing the upcoming Mineral Resource Estimate.

FMR Resources Eyes Q4 2026 Drilling after Acquiring La Lorena Copper-Gold Project

FMR Resources (ASX: FMR) has acquired the La Lorena copper-gold project in central Chile, securing exclusive access and a five-year option to acquire 100% of the 54 square kilometre undrilled tenure. Initial rock-chip sampling at La Martuca and Los Morados returned copper grades up to 4.11% and 2.42% respectively. The company is targeting an initial drilling program at La Lorena in Q4 2026. At the Llahuin Project, Phase I drilling returned intercepts including 124 metres at 0.31% copper equivalent and 20 metres at 0.48% copper equivalent. The acquisition involves an initial signing fee of US$50,000, annual option fees, and an option exercise fee of US$250,000.

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