202616 releases
Gemdale Gold Completes Phase 2 2026 Drill Program at its Pontio Gold Project, Finland
Gemdale Gold Inc. reports completion of its Phase 2 2026 infill drill program at its Pontio gold project in Finland, consisting of 2,860 metres across 14 holes, primarily infilling the S1 Sector to a 50-metre drill profile spacing. Assay results from the program are expected over the coming weeks and months, and preliminary metallurgical test work results are anticipated in the coming weeks. The company plans a maiden Mineral Resource Estimate in early 2027.
Drill resultsGemdale Gold Announces Proposed Assignment of Isoneva Gold Property Option to Jesmond Capital
WestGold Metals Corp. (formerly Nordique Resources Inc.) has agreed to assign to Jesmond Capital Ltd. its option to acquire a 100% interest in Gemdale Gold's Isoneva Gold Property in Finland, with the original option terms unchanged and Jesmond assuming WestGold's obligations at closing. To exercise, Jesmond must incur remaining exploration expenditures of C$2,400,000 before 25 June 2028 and, at Gemdale's election, pay C$1,000,000 cash or issue C$4,000,000 in shares, leaving Gemdale a 2.0% NSR royalty. Closing is conditional on Jesmond's Qualifying Transaction, concurrent financing and TSX Venture Exchange and other approvals.
AcquisitionGemdale Gold Reports More Wide Intersections at its Pontio Gold Project, Finland, including 60.85m at 0.80 g/t Au and 47.16m at 0.82g/t
Final assays from the last five holes of the 5,009m, 28-hole Phase 1 program at the 100%-owned Pontio Gold Project in western Finland returned 60.85m at 0.80 g/t Au from 104.17m, including 20.98m at 1.56 g/t, in PONT096, and 47.16m at 0.82 g/t Au from 4.50m in PONT098. Other results include 84.72m at 0.52 g/t Au in PONT095 and 52.69m at 0.62 g/t Au in PONT094. Phase 2 drilling is ongoing, with a maiden resource estimate targeted for early 2027.
Drill resultsGemdale Gold Commences Phase 2 Infill Drilling and Metallurgical Test Work Programme at the Pontio Gold Project, Finland
A Phase 2 infill drilling programme of 2,000–3,000 metres has begun at the 100%-owned Pontio Gold Project in Western Finland, following a 5,009 metre, 28-hole Phase 1 programme completed in H1 2026 that confirmed mineralisation across the N1, N2 and S1 Sectors of the +4 km M2 Trend, with intervals up to approximately 150 metres wide near surface. Drilling will initially tighten S1 Sector profile spacing from about 100 metres to 50 metres ahead of a Mineral Resource Estimate planned for early 2027. Metallurgical test work has also started with SLR Consulting Ltd. in the United Kingdom.
Drill resultsGemdale Gold announces engagement of Humbercrest Capital
Gemdale Gold has engaged Toronto-based Humbercrest Capital Inc. to run a targeted investor marketing and financing support program, including introductions to Canadian capital markets participants and a coordinated roadshow, with services expected to be complete on or about September 14, 2026. The program is expected to cost approximately C$13,500 plus applicable taxes and expenses, with 50% paid on execution and 50% payable on completion of the roadshow, funded from working capital. Humbercrest receives no securities and holds no interest in Gemdale; the agreement is subject to TSX Venture Exchange acceptance.
CorporateGemdale Gold intersects 5.19m at 14.01 g/t Au within 110m at 1.18 g/t Au at the Pontio Gold Project, Finland
Drill results from nine holes in the southern S1 and S2 Sectors of the M2 Trend at the 100%-owned Pontio Gold Project in western-central Finland include PONT093 with 110.00m at 1.18 g/t Au from 99.08m, including 5.19m at 14.01 g/t Au from 137.90m, and 48.89m at 0.68 g/t Au from 24.70m in PONT087. The holes form part of a 5,009m, 28-hole Phase 1 programme; a second programme starts later in August, with a maiden resource estimate anticipated in early 2027.
Drill resultsInfill Drilling significantly Widens and Extends Near Surface Gold Mineralisation at Gemdale Gold’s Pontio Gold Project, Finland
Initial results from the first 14 holes of the 2026 drill program at the 100%-owned Pontio Gold Project in western-central Finland include 92.85 m at 0.70 g/t Au from 44.52 m plus 45.72 m at 0.44 g/t Au from 178.72 m in PONT082, 66.86 m at 0.59 g/t Au from 47.80 m in PONT084, and 52.03 m at 0.57 g/t Au from 32.22 m in PONT080B. The phase one program totalled 28 diamond holes for 5,009 metres, mainly infill to support an initial resource estimate planned for early 2027. The mineralised diorite host in the N2 portion of the M2 Trend is now estimated at more than 100 m true width on some profiles, and visible gold was tentatively identified in PONT093 in the S1 Sector, with assays pending.
Drill resultsGemdale Gold Expands Land Position in Finland and Recommences Exploration in the Central Lapland Greenstone Belt
Finland's TUKES has granted Gemdale Gold two new Mineral Reservations: the 22.19 km2 Ranta3 reservation in Lapland, 10–20 km from Agnico Eagle's Kittila Gold Mine, valid one year and expanding the Ranta Project to 42.9 km2; and the 56.28 km2 Pontio2 reservation in western Finland, valid two years and expanding the Pontio Project to 68 km2. Summer fieldwork has begun at Ranta and Paksuselka in the Central Lapland Greenstone Belt. At Pontio, 28 infill holes totalling 5,000.40 metres were completed, with the next drilling phase planned for August 2026.
NewsGrant of Options and Restricted Share Units
Gemdale Gold Inc. (TSXV:GEMG) has granted an aggregate of 520,000 stock options and 477,273 restricted share units to certain directors, officers, employees and consultants under its long-term incentive plan. The options are exercisable at $1.90 per common share for five years, expiring May 19, 2031, vesting 50% at six months, 25% at nine months and 25% at twelve months. The RSUs vest in equal one-third installments on each annual anniversary of the grant date, each vested RSU entitling the holder to one common share.
CorporateGemdale Announces Change of Corporate Secretary
Andrew Newbury has been appointed Corporate Secretary of Gemdale Gold Inc. (TSXV:GEMG; OTCQB:GDGIF), replacing Dr. Toby Strauss, who continues as President and CEO. Newbury, a Senior Account Executive at DSA Corporate Services since 2017, has over 15 years of experience in corporate secretarial, administrative, financial and operational roles and holds a Bachelor of Commerce from Dalhousie University. Gemdale holds exploration licenses in Finland, including the Pontio, Isoneva, Lapland, Kumiseva and Savo/Rantasalmi projects.
ManagementGemdale Gold Announces Engagement of Investing News Network
Gemdale Gold Inc. (TSXV: GEMG) has signed an agreement dated March 25, 2026 with Dig Media Inc., operating as Investing News Network, for an advertising and investor awareness campaign running from April 25, 2026 to October 25, 2026. The six-month campaign will cost approximately $24,100 in aggregate plus applicable taxes, payable in cash in six equal monthly installments, with no securities issued as compensation. The agreement remains subject to TSX Venture Exchange acceptance.
CorporateGemdale Gold Lists on the OTCQB Venture Market
Gemdale Gold Inc. (TSXV:GEMG) began trading on the OTCQB Venture Market effective April 1, 2026 under the symbol GDGIF, following its recent TSX Venture Exchange listing and the closing of a C$2.4 million strategic investment from Eldorado Gold Corporation. A 6,000 metre diamond drill programme is underway at the Pontio Gold Project in Finland, with the company targeting a maiden Mineral Resource Estimate within 18 months.
Corporate
20252 releases
Gemdale Gold Signs Definitive Option Agreement on its 100% owned Isoneva Gold Project, Western Finland
A definitive option agreement dated June 26, 2025 with Nordique Resources Inc. (CSE: NORD) grants Nordique the option to acquire a 100% interest in Gemdale's Isoneva Gold Project in western Finland over a three-year option period. Terms include C$100,000 cash, C$3,000,000 in exploration expenditures with a C$600,000 minimum in the first calendar year, and, at Gemdale's election on exercise, either C$1,000,000 cash plus milestone payments up to C$3,000,000 or C$4,000,000 in Nordique shares, plus a 2.0% NSR royalty subject to buydowns. The Transaction requires CSE acceptance.
AcquisitionGemdale Gold Enters into an LOI for an Agreement to Grant Nordique Resources an Option to Earn-in to Gemdale's 100% owned Isoneva Gold Project, Western Finland
A letter of intent dated May 22, 2025 gives Nordique Resources Inc. (CSE: NORD) an option to acquire a 100% interest in Gemdale Gold's Isoneva gold property in Finland's Western Finland Gold Belt. Terms include C$100,000 cash, C$3,000,000 in exploration expenditures over three years with a minimum C$600,000 in year one, and on exercise either C$1,000,000 cash plus up to C$3,000,000 in milestone payments or C$4,000,000 in Nordique shares, plus a 2.0% NSR subject to buydown rights. Completion requires a definitive agreement, due diligence and approvals.
Acquisition
20241 release
Gemdale Gold Delineates Large New Nickel-Copper Anomalies Plus Announces First Gold Assay Results From Palkisvaara Project Area, Northern Finland
Till sampling on the Palkisvaara exploration licence application area in northern Finland's Central Lapland Greenstone Belt outlined a nickel anomaly measuring at least 1000m by 300m, plus several smaller anomalies on the same apparent horizon, with a geochemical signature consistent with magmatic nickel-copper mineralization. A grab sample from a 1m by 1m quartz boulder within a northeast-trending sub-cropping quartz vein extending 140m by 8m assayed 4.39 g/t gold and 0.08% copper. Company geologists collected 1,252 surface till samples on 26 lines during Autumn 2023.
Drill results