Gold Bulletin

Tuesday, May 19, 2026

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Today's Interesting Company News

Epic Gold Confirms High-Grade Everest System and Expands Mineralization Beyond Fenton Main

Epic Gold Corp. (CSE: EPG) announced initial assay results from its 2026 diamond drilling program at the Fenton Gold Project, located approximately 60 km southeast of Chapais, Québec. The company completed 4,259 metres of NQ-size diamond drilling in ten holes targeting high-priority structural, geological, and geophysical targets. Key intercepts include 5.85 m grading 4.65 g/t Au in the Everest System, 77.05 m grading 0.54 g/t Au at the Weller target, and 76.80 m grading 1.23 g/t Au at the Fenton Main Zone. The program successfully expanded gold mineralization across multiple target areas over an approximate 1.2 km strike length. Epic Gold Corp. maintains a strong cash position of approximately $15M in cash and equivalents. The company plans to test the continuity and geometry of broader mineralized zones through additional drilling. Ongoing structural interpretation and geophysical integration are expected to further refine exploration targeting at Fenton.

Sixty North Gold Updates Scheduled Development at Mon Gold Mine, NWT

Sixty North Gold Mining Ltd. (CSE: SXTY) announced an update on its plan to commence gold production this year at its wholly-owned Mon Gold Mine, Yellowknife, NWT. All mining and milling equipment has been mobilized to the site north of Yellowknife, with the process completed on budget and without lost-time accidents. The company has submitted twelve management plans to the Mackenzie Valley Land and Water Board, receiving approval for six, and is preparing to submit additional plans in late May. Mill construction is expected to take a minimum of 60 days, with operations at the permitted 100 tpd design rate planned to commence this summer. Four stopes below the historic stopes that produced at 30 gpt gold have been prepared for mining, and gold-bearing vein material can be extracted within a week of start up. Underground development has reached 32 m below surface, and continued development to depth is planned. The company emphasizes that the decision to start operations is not based on a feasibility study, and operations aim to acquire further technical and economic information.

Founders Metals Provides Corporate Update on the Antino Gold Project

Founders Metals Inc. (TSXV: FDR, OTCQX: FDMIF) announced that the earn-in period under its amended and restated option agreement dated August 27, 2024, has ended, and the joint venture phase has commenced. The company holds a 70% interest in the Antino Gold Project through its equity interest in Lawa Gold N.V. and will continue as operator. Founders notified Nana Resources N.V. on May 18, 2026, that it will not exercise its option to acquire an additional 5% equity interest in Lawa. Previously, Founders exercised its second option and acquired an additional 19% ownership interest in the Antino Gold Project on June 12, 2025. The joint venture is governed by the shareholders' agreement in Schedule 2 of the Option Agreement. Founders controls a 102,360-hectare contiguous land package in the Guiana Shield and is executing one of the most active exploration programs in the global junior gold sector. The company is backed by a strategic partnership with Gold Fields Limited and is committed to responsible exploration and disciplined capital allocation.

Granada Gold Mine Engages GoldMinds Geoservices for Mineral Resource Estimate Update Reflecting Current Gold Pricing

Granada Gold Mine Inc. (TSXV: GGM) announced the engagement of GoldMinds Geoservices Inc. to complete an updated NI 43-101 compliant Mineral Resource Estimate (MRE) for the Granada Gold Project near Rouyn-Noranda, Quebec. The MRE will be prepared under the direction of Claude Duplessis, P.Eng., and will incorporate all drilling and exploration data accumulated since the last resource update, evaluating the deposit using various cut-off grades for pit-constrained mineral resources. The update builds on the methodology from GoldMinds' May 2017 NI 43-101 Technical Report, which reported pit-constrained Measured and Indicated resources totaling 21,575,500 tonnes at 1.16 g/t Au for 807,700 ounces, plus Inferred underground resources of 10,386,500 tonnes at 4.56 g/t Au for 1,523,800 ounces. The most recent NI 43-101 mineral resource estimate by SGS Canada Inc. (effective June 23, 2022) reported 543,000 ounces of gold (8,220,000 tonnes at 2.05 g/t Au) in the Measured and Indicated category and 456,000 ounces of gold (3,010,000 tonnes at 4.71 g/t Au) in the Inferred category. The MRE update will also consider ore sorting technology, which demonstrated a 2.7x gold grade uplift with 88 percent recovery. The Company holds a Certificate of Authorization from the Québec MDDELCC for mining 550 tonnes per day for approximately 590,000 tonnes, and recently closed a $2.5 million private placement financing. Next steps include advancing the MRE update and preliminary economic assessment toward a production decision.

Ximen Mining Corp Engineered Mine Design Initiated for Kenville Underground Project

Ximen Mining Corp. (TSXV: XIM, OTC: XXMMF) has provided an update on its Kenville mine project in British Columbia. The company has initiated engineering work on detailed mine design drawings for planned underground development at the Kenville site, including submission of engineered designs and closure plans to the Ministry of Energy and Critical Minerals. The new underground decline will provide access to multiple gold-bearing quartz veins intersected in surface drill holes. Ximen Mining Corp. also owns 100% interest in three precious metal projects in southern BC, including the Amelia Gold Mine, the Brett Epithermal Gold Project, and the Treasure Mountain Silver Project, which is currently under an option agreement. The option partner is making annual staged cash and stock payments and funding the development of the Treasure Mountain Silver Project.

Great Atlantic Begins Targeted Trenching Program at 100% Owned Golden Promise Property

Great Atlantic Resources Corp. (TSXV: GR) announced that its wholly-owned subsidiary, Golden Promise Mines Inc., has commenced a targeted trenching program at the 100% owned Golden Promise Property in central Newfoundland. Trenching has begun in the southwest region of the property, focusing on areas with gold and multi-element soil geochemical anomalies. Three trenches are planned within Licence 036105M, with trench lengths of up to approximately 90 - 125 metres. Soil samples collected in 2024 returned anomalous gold values of 7 ppb, 44 ppb, 53 ppb, 83 ppb, and 9 ppb, as well as elevated values for silver, copper, molybdenum, antimony, zinc, arsenic, and vanadium. The Golden Promise Property is the largest and most advanced of seven central Newfoundland gold properties owned by Golden Promise Mines Inc. The company is focused on expanding priority gold bearing zones and generating additional catalysts in the coming months.

Thistle Resources Inc Introduces the Brunswick Antimony Project and Announces Certified Assays of 10.3% Antimony and 1300 g/t Silver with 2.32 g/t Gold

Thistle Resources Inc. (TSXV: TRCG) has commenced trading on the Toronto Stock Exchange Venture (TSXV). The company is a Canadian public mineral exploration company focused on Precious Metals & Critical Minerals (Cu, Pb, Zn, Ag and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada. Thistle's primary business objective is to explore its five Projects, with the flagship being the Middle River Gold and Brunswick Antimony Projects. The Brunswick Antimony Project is located adjacent to the Brunswick #12 Mine and has returned certified trench assays of up to 10.3% Antimony, 1300 g/t Silver, and 2.32 g/t Gold. The company has a technical team with over 100+ combined years of field exploration experience and maintains a year-round presence in Bathurst, New Brunswick. The next step is to initiate a proprietary UAV Drone Magnetic Survey along the 10kms granite contact, with trenching at bedrock to follow and permits already received. The announcement highlights the strategic importance of Antimony, especially after China's 2024 export restrictions, and positions Thistle as a key player in the Canadian supply chain for critical minerals.

Tincorp Advances Phase 1 - 10,000 Metre Drill Program at the Santa Barbara Gold-Copper Project, Ecuador

Tincorp Metals Inc. (TSXV: TIN) has provided an update on its 10,000 metre Phase 1 drill campaign at the Santa Barbara Gold-Copper Project in southeastern Ecuador. Drilling began on April 14, 2026, with four drill rigs currently operating and five holes completed so far. The company has filed an updated mineral resource estimate for the project, effective March 23, 2026, reporting indicated resources of 29.8 million tonnes at 0.73 g/t gold and 0.10% copper, and inferred resources of 205.7 million tonnes at 0.52 g/t gold and 0.09% copper. The Phase 1 program aims to confirm historical drill results, complete infill drilling, and obtain fresh core for further study, with Phase 2 planned to focus on step-out drilling and resource extension. Assay results from the current drilling will be reported as they become available. The Santa Barbara Project is a large-scale porphyry system located in the Zamora Copper-Gold Belt, adjacent to other significant mines and projects.

Juggernaut Mobilizes for Inaugural 10,000 Meter Drill Program to Test New District Scale High Grade Gold Silver Copper Rich Discovery at 100% Controlled Big One Property, Golden Triangle, B.C.

Juggernaut Exploration Ltd (TSX-V: JUGR, OTCPK: JUGRF) announced it has mobilized for its inaugural drill program on the 100% controlled Big One property in the Golden Triangle, British Columbia. The 2026 planned inaugural drill program will consist of 10,000 meters of drilling targeting the largest and most extensive veins within the 22 km2 Eldorado zone, where surface samples have assayed up to 263.70 g/t AuEq. The program is designed to intersect areas with visible gold and test for additional veins and shears at depth. The company holds a 5-year drill permit valid until March 31, 2031, and the property qualifies for the Critical Mineral Exploration Tax Credit (CMETC). The Big One property is accessible year-round and is located near several major deposits. Juggernaut is a member of CASERM and has Crescat Capital as a key strategic cornerstone shareholder. Next steps include executing the drill program and further defining the extent and geometry of the mineralization.

Copper Quest Initiates 32.4 Square Kilometer Induced Polarization Survey over the Stars Copper-Molybdenite Property

Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF) announced the commencement of a 32.4 km² induced polarization (IP) geophysical survey on its 100% owned Stars Property in British Columbia. The Stars Property covers 9,693 hectares and is located in the Stikine region, with proximity to several notable copper projects. The IP survey is the first of its kind across the full extent of the property and aims to determine the scale of the mineralized system and identify new drill targets. Drill highlights from the Tana Zone include intersections such as 0.466% Cu over 195.07 m and 0.200% Cu over 396.67 m. Copper Quest holds a portfolio of eight projects spanning over 46,000 hectares in Canada and the USA, including gold and copper assets. The company is committed to acquisitions, discovery-driven exploration, and responsible development, with forward-looking statements regarding future operations and exploration plans. Next steps include focusing exploration on specific IP targets and further drilling to upgrade or verify historical resource estimates.

Nine Mile Metals Announces Drill Rig Mobilization for the Wedge 10,000m Drill Program and Targets New High Grade Copper Zone

Nine Mile Metals Ltd. (CSE: NINE) announced that Orbit Garant will mobilize a YS2000 Skid Mounted Drill Rig for the upcoming Wedge 10,000m drill program next week. The drill rig is being prepared in Moncton, New Brunswick and is anticipated to arrive onsite on May 28th, with drilling to commence at the Wedge Mine for Phase 3 Drilling and continue to The TriBag and West Wedge Targets. The company has secured the drill rig for the entire season through December. Last fall's drill program uncovered new high-grade Copper-Gold-Silver lenses at the Wedge Mine, and Phase 2 expanded the deposit's footprint. Phase 3 will focus on newly discovered high-grade zones and target the western flank and depth of the deposit. Apex Geoscience and Mike Dufresne, P.Geo. & Technical Advisor, will be onsite June 1st for a complete site visit on all four projects. The company is also planning for an updated 43-101 on the Wedge Project and a review of the Nine Mile Brook Project.

Renegade Gold Identifies New Priority Targets from Magnetic Survey at Confederation Project, Red Lake

Renegade Gold Inc. (TSXV: RAGE, OTCQB: RENGF) announced the completion of a 3,815 line-kilometre high-resolution UAV-borne magnetic survey at its Confederation Project in the Red Lake District of Ontario. The survey defined a new district-scale structural corridor and identified multiple priority targets for follow-up exploration, including areas with confirmed gold and silver mineralization from historical drilling. The survey produced one of the most detailed property-scale magnetic datasets for the project area, highlighting both southern and northern targets such as the Snake Falls Target, Feaver Gold Target, Central Intrusive Complex, Copperlode Target, and Arrow West Target. Historical drilling in the southwestern corridor returned values including 3.90 g/t Au and 200 g/t Ag over 0.5 metres from hole BL96-4. Renegade is now integrating the magnetic data with historical datasets to finalize target ranking and is initiating a till suitability assessment to guide further geochemical programs. The company plans additional mapping, sampling, and drill target refinement, with further updates to be provided as exploration advances.

North Peak Resources Secures All Required Permits for 2026 Drilling

North Peak Resources Ltd. (TSXV: NPR, OTCQB: NPRLF) announced it has secured all required permits to commence exploration drilling across five target areas at its Prospect Mountain Mine Complex in Eureka County, Nevada. The 2026 program is described as the company's broadest and most ambitious exploration campaign to date, following its full acquisition of the Property in July 2025 and an initial drill campaign in fall 2025. The program will deploy modern reverse circulation or diamond drill equipment across the majority of the five target areas, most of which have never been tested with modern equipment. The Property is located in the heart of the Eureka mining camp, which has historically produced over 3.1 million ounces of gold and carries a total endowment of approximately 8 million ounces. The campaign will test areas with compelling geological evidence, including Wabash/Williams, Lower PME Zone, Old Put, West Side Story, and Sulphide Zone. The company highlights the significance of gaining access to historic patented mining claims and the first-mover opportunity in the district. Next steps include commencing earthworks and drilling, with further updates anticipated as the program progresses.

Coppernico Channel Samples Intersect 70.1 m of 0.92% Copper and 0.25 g/t Gold at Nioc

Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF) announced additional surface channel sampling results from the Nioc target area at its Sombrero copper-gold Project in Peru. The new results expand the known surface footprint of copper-gold mineralization at Zone 2, nearly doubling the width of surface mineralization in the east-west direction to about 70 m. Key channel samples include 70.1 m of 0.92% Cu, 0.25 g/t Au, and 2.45 g/t Ag, and a step-out channel 120 m north returning 58.0 m of 0.58% Cu, 0.39 g/t Au, and 1.70 g/t Ag. Mineralization remains open to the north, and additional sampling is planned to define the limits. The results reinforce the interpretation of Nioc as a large skarn system with significant exploration upside, and support confidence in initial drill targeting. The company is in the final stages of advancing significant permit expansions, with updates expected in the coming weeks. Ongoing work includes further channel sampling, mapping, and integration of geophysical data for drill targeting.

Troilus Expands High-Grade West Rim Discovery with 2.92 g/t AuEQ Over 19 m Outside Current Resource and Within 200 Metres of Reserve Pit

Troilus Mining Corp. (TSX: TLG; OTCQX: CHXMF) announced the first batch of results from the West Rim Zone as part of its ongoing 2026 Exploration Program at its copper-gold Troilus Project in northcentral Quebec, Canada. The West Rim drill program has significantly expanded and strengthened the original discovery, returning some of the strongest near-pit grade-thickness intercepts drilled to date at Troilus, all of which remain outside the current mineral resource estimate. Highlighted intercepts include 2.92 g/t AuEQ over 19 m and 1.97 g/t AuEQ over 20 m, with several assays still pending. The results support the potential for both open pit and underground development scenarios at West Rim, and the mineralized trend remains open along strike to the north. Most drillholes have tested the zone to less than 75 vertical metres depth, with the deepest hole reaching approximately 185 vertical metres. Upon receipt of all assays, the company expects to design and execute a second phase of drilling in 2026 aimed at further expanding the mineralized footprint and targeting higher-grade shoots within the system.

Orezone Reports First Set of Drill Results from Casa Berardi Mine Including 16.10g/t Au over 6.7m and 6.47g/t Au over 21.5m

Orezone Gold Corporation (TSX: ORE ASX: ORE OTCQX: ORZCF) announced the first set of drill results from its recently acquired Casa Berardi gold mine in Quebec, Canada. The results include high-grade gold intercepts from the F160 and F134 zones, such as 6.47g/t over 21.5m and 7.20g/t over 14.9m, supporting planned pit expansions and illustrating down-plunge continuity of mineralization. The company has reinitiated exploration drilling at Casa Berardi with four rigs and plans to complete 40,000-60,000m of drilling this year, ramping up to 80,000-100,000m/yr. The F160 and F134 zones are near-surface and proximal to existing underground infrastructure, representing significant exploration targets. Underground drilling has also commenced in the 118N Zone, targeting areas with significant historical intercepts. These results and ongoing programs aim to expand the underground resource and support future mining growth. Orezone will provide regular exploration updates as drilling continues.

Blossom Gold Files Notice of Intent with the BLM to Initiate Exploration Drilling on the Kamma Claims West of the Rosebud Project

Blossom Gold Inc. (TSX: BGAU) announced that it has filed a Notice of Intent (NOI) with the U.S. Bureau of Land Management for exploration activities on its 100%-owned Kamma Claims in Pershing County, Nevada, USA. The BLM review and approval process is expected to take between 15 and 30 days. Blossom has completed initial geologic mapping, surface outcrop sampling, and airborne geophysical surveys, and is securing an additional drill rig for further exploration. The company plans to conduct follow-up reverse circulation drilling at eight drill site locations, representing a disturbance of less than one acre, with drilling targeted to commence as soon as possible but no later than Q3 2026. The Kamma Claims are considered prospective for hosting primary structures related to mineralization at the adjacent Hycroft Mine. Blossom Gold is well-funded to complete all stated programs, and the Rosebud Project currently hosts an Inferred Mineral Resource of 70.755 million tons grading 0.62gAu/t and 6.49gAg/t for 1.28 million ounces of gold and 13.4 million ounces of silver. The company will continue surface exploration and initiate work on access and drill pad construction while awaiting NOI approval.

Conquest Resources Provides Exploration Update at the Valimaki Gold Project, Finland

Conquest Resources Limited (TSXV:CQR) has provided an update on its spring 2026 exploration program at the Valimaki Gold Project in southwestern Finland. The company completed a high-resolution UAV magnetic survey in two blocks, with the first block covering approximately 78 km² and 956 line-km flown, and the second block covering approximately 10 km². The field program also included geological mapping, legacy drill core review, glacial till sampling with 853 samples, and prospecting with 128 rock samples dispatched for analysis. The company is integrating results from the 2026 program with historic data to refine exploration targets for future follow-up and drill testing. Conquest holds a 100% interest in several properties in Ontario and Finland, including the Belfast-TeckMag Project and the Alexander Gold Property. The company plans to drill targets at Valimaki upon receipt of permits and continues to interpret and process data from the current program.

1911 Gold Advances True North Toward 2027 Production with Start of Underground Development and Test Mining Preparation

1911 Gold Corporation announced that development crews have commenced drift development on Level 16 of the True North Mine in Southeastern Manitoba, Canada. The company is advancing the fully built and permitted True North Gold Project towards production in 2027. The announcement also provides an operational update on other development activities in preparation for test mining later this year. Figures included in the release show isometric, section, and plan views of the True North Mine's L10 and Hinge Zones, as well as the initial 140 meters of planned development. 1911 Gold's property package covers approximately 62,000 hectares. This progress marks a significant step towards the company's goal of bringing the True North Gold Project into production.

Bonterra Files NI 43-101 Technical Report for the Bachelor and Moroy Deposits

Bonterra Resources Inc. (TSXV: BTR, OTCQX: BONXF) announced the filing of the NI 43-101 Technical Report supporting the Mineral Resource Estimates for the Bachelor and Moroy Deposits. The report, titled 'Updated Mineral Resource Estimate and Technical Report of The Bachelor and Moroy Deposits, Desmaraisville South Project, Northern Québec, Canada,' was prepared by P&E Mining Consultants Inc. and is effective as of February 18, 2026. Bonterra's assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, collectively holding 16.8 million tonnes at an average grade of 3.02 g/t Au for 1.63 million ounces of Measured and Indicated Mineral Resources, plus 15.6 million tonnes at an average grade of 4.32 g/t Au for 2.17 million ounces of Inferred Mineral Resources. In November 2023, Bonterra entered into a joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, and in October 2024, Gold Fields Ltd acquired Osisko Mining for C$2.16 billion. Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures by November 2026.

Sierra Madre Reports Strong Q1 2026 Financial Results, Record Quarterly Revenues

Sierra Madre Gold and Silver Ltd. (TSXV: SM, OTCQX: SMDRF) reported its financial and operational results for Q1 2026. The company achieved record quarterly net revenues of US$10.1 million and adjusted EBITDA of US$2.8 million, selling 128,827 silver equivalent ounces. Gross silver revenues were $5.9 million and gold revenues were $5.1 million for the quarter. The first phase of the La Guitarra capacity expansion is on schedule for completion by the end of Q2 2026, aiming to increase mill capacity from 500 tpd to 750-800 tpd. Sierra Madre has also made significant equipment purchases and is preparing for a $3.5 million exploration program with 30,000 metres of drilling planned for H2 2026. Shareholders approved the acquisition of the Del Toro mine, and the company made a $2.5 million principal payment on a $5 million loan. These developments position Sierra Madre for increased production and reduced costs, with further expansion and exploration activities anticipated in the coming quarters.

Blossom Gold Completes Drilling of Metallurgical Core Holes and Begins Delivering Metallurgical Samples to Kappes, Cassiday & Associates to Initiate Metallurgical Testing on Rosebud Mineralization

Blossom Gold Inc. (TSX:BGAU) announced the completion of all initially planned metallurgical drill holes at its Rosebud Project in Pershing County, Nevada, USA. Eight larger diameter metallurgical holes totaling approximately 4,000 feet (~1,200 meters) of PQ core were drilled, targeting all principal host rock types across the Rosebud deposit. The company, in coordination with Kappes, Cassiday & Associates (KCA), is selecting 50-foot intervals of core for bottle roll and column testing to establish precious metal leaching, recovery, and material handling information. Initial bottle roll testing results are expected in 30 to 45 days, while column leaching results are anticipated to begin in September and continue through the end of 2026. The Rosebud Project currently hosts an Inferred Mineral Resource of 70.755 million tons grading 0.62gAu/t (0.018opt Au) and 6.49gAg/t (0.189opt Ag) for 1.28 million ounces of gold and 13.4 million ounces of silver. The mineral resource estimate was open pit constrained using long term gold and silver prices of US$2,500 and US$35 per ounce respectively. Blossom expects to begin generating assay results on exploration drilling beginning in June and continuing through the end of 2026.

AGNICO EAGLE APPROVES HOPE BAY INVESTMENT DECISION; STRONG ECONOMIC RETURNS WITH EXPECTED ANNUAL GOLD PRODUCTION OF OVER 400,000 OUNCES

Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) announced a positive investment decision for its Hope Bay project in Nunavut, Canada. The company completed a preliminary economic assessment (the 2026 Study) outlining an underground mining operation with a 6,000 tpd processing facility and estimated annual gold production between 400,000 and 435,000 ounces. The initial mine life is projected at 11 years, with a large mineral resource base and substantial exploration upside. Initial development capital expenditures are estimated at approximately $2.4 billion, with total sustaining capital expenditures of approximately $1.1 billion. The project is expected to yield an after-tax IRR of 26% and an after-tax NPV of approximately $4.3 billion at a 5% discount rate using current gold prices. The company plans over $100 million in exploration spending at Hope Bay over the next three years. The project is expected to generate significant long-term benefits for Canada, including C$2.6 billion annually in exports and the creation of more than 2,000 jobs.

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

American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) announced the commencement of a field reconnaissance and surface sampling program at its Red Hill Gold Project in Eureka County, Nevada. The program aims to advance geological understanding and provide additional surface geochemical information across select portions of the Project. Field crews collected rock samples from areas of geological interest, including a rediscovered jasperoid outcrop with strong barite mineralization. The Project comprises 79 claims covering approximately 1,500 acres and is located about 24 kilometres southeast of the Cortez Hills gold deposit. Previous drilling by a prior operator returned significant gold mineralization, including 24.4 metres of 4.99 grams per tonne gold. Samples from the current program have been submitted to an accredited laboratory, with results expected during Q2.

Thor Explorations Announces First Quarter 2026 Financial and Operating Results, for the Three Months Ending March 31, 2026

Thor Explorations Ltd. (AIM: THX) (TSXV: THX) released its operational and financial review for Q1 2026, covering its Segilola Gold mine in Nigeria and exploration properties in Nigeria, Senegal, and Cote D'Ivoire. The company sold 15,417 ounces of gold at an average price of US$4,820 per ounce, generating revenue of US$74.3 million, EBITDA of US$55.8 million, and net income of US$46.7 million. Gold poured at Segilola totaled 20,256 oz, with a recovery rate of 93.1%. The Douta Gold Project PFS reported a pre-tax NPV5% of US$908 million and IRR of 73% at a US$3,500/oz gold price, with low initial project capital of US$254 million. The company paid a quarterly and bonus dividend of CAD$0.0275 per share. Environmental and safety performance improved, with no LTIs reported during the quarter and significant reductions in water withdrawal, mineral waste, and carbon emissions. Looking ahead, Thor Explorations targets FY 2026 gold production of 75,000 - 85,000 oz and plans further exploration and permitting activities across its portfolio.

Koonenberry Gold Acquires High-Grade Gundagai Gold-Copper Project in NSW

Koonenberry Gold (ASX:KNB) has announced the acquisition of the high-grade Gundagai Gold-Copper Project in NSW, significantly expanding its Lachlan Fold Belt footprint by 485km² to a total of 2,065km². The acquisition involves a binding agreement to acquire 100% of Gilmore Minerals, which owns the Gundagai project, comprising four contiguous exploration licences. Key assay results include gold up to 386g/t Au and copper up to 27.05% Cu, with historical drilling showing significant intersections. The acquisition consideration includes 12,000,000 fully paid ordinary shares, 33,000,000 performance rights, $31,500 for tenement bond reimbursement, and a $150,000 option exercise fee paid to Godolphin. Koonenberry Gold also announced a transition to a joint leadership model, with Managing Director Dan Power stepping down at the end of August 2026. The company maintains a cash balance of $4.45 million as at 31 March 2026 and has no debt. Forward plans include commencing surface geochemistry and possible geophysics at Gundagai to rapidly define drill targets and accelerate exploration.

Barton Gold Targets High-Grade Silver Extensions in Follow-Up Drilling at Tolmer Discovery

Barton Gold (ASX: BGD) (OTCQB: BGDFF) has commenced a 4,000-metre reverse circulation drilling campaign at the high-grade Tolmer silver prospect within its Tarcoola project in South Australia. The program aims to extend high-grade silver zones, test continuity, and investigate new geological interpretations and strike extensions. Previous drilling at Tolmer yielded assays exceeding 2,000 gram-metres silver, with peak intersections such as 6m at 4,747g/t silver and 4m at 13.2g/t gold. Soil assays indicate mineralisation extending approximately 200m west and 100m east of current drilling, and early metallurgical tests have produced a concentrate grading more than 100,000g/t (~10%) silver from a simple gravity process. The company is also conducting preliminary metallurgical studies and plans full test work using current drilling samples to determine optimal processing routes. These developments are significant for Barton Gold's regional strategy and may indicate potential for low-cost, high-margin operations. Next steps include ongoing drilling, further metallurgical analysis, and resource upgrade programs at the nearby Tunkillia project.

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