GoldVenture Weekly

Assay results from two additional Phase 3 drill holes at the 100%-owned Choquelimpie gold-silver-copper project in northern Chile returned 28 meters averaging 0.97 g/t gold equivalent in DD04, and three gold intervals in DD05, including 58 meters averaging 0.92 g/t AuEq with elevated lead and zinc, and 20 meters averaging 1.20 g/t AuEq ending at the bottom of the hole. Seven core holes totaling approximately 1,650 meters have been completed since the program recommenced in mid-April 2026.

Drilling at the Bull 8 target in the Union Pass Fault Corridor returned 21.4 m grading 1.01 g/t gold, part of West Point Gold's property-wide target testing program. The company states the results open approximately 12 km of strike length along the fault corridor.

A district-wide drilling program has been fully contracted at the Gunnison Copper Project and Strong & Harris satellite deposit in Arizona's Cochise Mining District, comprising up to 120 drill holes totaling approximately 138,000 feet (42,000 meters), with rig mobilization expected this month. The program includes up to 36 metallurgical holes (~33,000 feet) and up to 84 resource holes (~105,000 feet), plus up to 270 column leach tests over 12 months. Direct cost is estimated at US$15.0M, with preliminary results within six months.

An induced polarization survey using Wireless Alpha IP has begun at the Hope Brook Gold Project in Newfoundland and Labrador, covering the current deposit and along strike to the southwest, with completion expected by early July and mapping to 500 metres depth. Simcoe Geoscience will acquire about 56 km of coverage over 35 lines, each 1.6 km long. Drilling mobilizes mid-June, with over 30,000 metres planned; environmental baseline studies have also commenced.

100% ownership of the Ccasahuasi gold project in the Nueva Recuperada district, Huancavelica, central Peru, has been secured through acquisition of the Lily 19 mining concession from Barrick Mining Corporation for total cash consideration of US$30,000, with terms including staged cash payments and a net smelter return royalty with a partial buyback provision. Ccasahuasi hosts an Inferred Mineral Resource of 1,405,587 tonnes grading 0.936 g/t Au containing 42,303 oz Au at a 0.25 g/t Au cutoff, defined by four diamond drill holes totaling 903.5 meters. The project lies about 1 km from the producing Tangana mine.

A fully funded 10,000-metre, three-rig core drill program will begin this summer at the Red Mountain silver and critical minerals project, 60 miles south of Fairbanks, Alaska, with the first rig on site and all three expected active by the end of June. About 3,000 m of infill and step-out drilling will target the Dry Creek deposit, with roughly 7,000 m of discovery drilling at the Hunter, WTF East, Glacier Creek, FOMO and Sheep Creek targets along a 60 km trend.

Drilling has begun at Cantex Mine Development's 100-percent owned silver-lead-zinc-germanium North Rackla project in the Yukon. The program targets expansion of the strike length and depth extent of the silver-lead-zinc-germanium mineralization, and will also test newly discovered anomalous gold targets and areas where prospecting found high grade copper and silver-lead-zinc on the 14,077 hectare property.

The Francisca Gold-Silver Project in Salta Province, Argentina, now covers 23 square kilometres following acquisition of the 14.40-square-kilometre Francisca II concession for US$104,000 after it was declared available for staking by the Mining Court of the Province of Salta. Orestone also purchased historic 1999 Quantec IP, resistivity and magnetic survey data covering a 1,700 by 500-700 metre chargeability trend. Trench results include 23.47 metres at 4.71 g/t gold and 28.54 g/t silver in T8, with 675 samples pending.

Mobilization has begun for an approximately 3,300-metre, nine-hole diamond drill program at the 100%-owned Alces Lake rare earth elements property in northern Saskatchewan, with camp personnel arriving on site May 29, 2026 and drill crews to follow once camp setup is complete, expected within about one week. Holes will target depths of 300 to 500 metres to test high-priority targets 1, 5, 6 and 7 identified by a 2025 ground gravity survey, near the WRCB and Magnet Ridge zones.

Drilling at the Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 70.8 m grading 0.8 g/t Au (including 7.0 m at 3.4 g/t Au) in hole MC26-297 and 95.2 m at 0.7 g/t Au from a 100 m down-plunge step-out in MC26-303 at Argus Main, plus 35.5 m at 0.9 g/t Au in MC25-273 at Argus West. Results cover 19 holes; the Argus system spans about 1.4 km strike and over 500 m vertically. Onyx holds roughly $20 million cash, with about 48,000 m remaining in the 110,000 m program.

A fully funded, two-rig, 6,000 metre drilling and exploration program has begun at the 100%-owned Illinois Creek Project in western Alaska, with camp mobilization underway, drillers expected next week and drilling to start soon after. Plans include roughly 2,400 m in 4–5 holes at Waterpump Creek South, 600 m in 3 holes at Waterpump Creek North, and 3,000 m in 15–20 holes at Silver Sage, plus two trenching campaigns of 10–20 trenches each at TG/TGN and the Illinois Creek corridor.

Drilling at the Big Master Gold System at Gold Rock in Ontario returned 3.24 g/t gold over 14.77 meters, including 29.55 g/t over 1.35 meters, in hole DGR-051 at Sparrow 88.00 meters from surface, and 1.02 g/t over 13.50 meters, including 8.88 g/t over 1.00 meter, in DGR-052; hole DGR-057 expanded the Treasure and Barrelman zones. The 2026 drill program has been increased to 45,000 meters, with a second rig deploying July 1. The Company also corrected finders fees on its May 15, 2026 flow-through placement to $412,012.47.

Step-out drilling 40 metres north at the Cub East discovery, part of the Whitehorse Copper Project in Yukon, returned 35.9m @ 2.68% Cu, 1.35 g/t Au and 19.55 g/t Ag from 172.1m in BCG-023, including 21.9m @ 4.24% Cu, 2.16 g/t Au and 31.04 g/t Ag. BCG-022 returned 23.43m @ 1.36% Cu from 159.95m and 30m @ 1.32% Cu from 223m, and BCG-021 returned 22m @ 1.24% Cu from 186m. High-grade strike continuity now exceeds 80 metres; nine holes for 2,589m have been completed since April 2026.

Initial geophysical results from the 4,502 ha Beaver River Uranium Project, 40 km southeast of Uranium City, Saskatchewan, show anomalous conductivity trends correlating with known uranium mineralization at the VIC and COMBINED zones, with magnetic calculated vertical gradient trends near mineralization. Advanced interpretation and modeling by Condor Consulting Inc. is nearing completion and will guide summer fieldwork and drill targeting in Q3/Q4 2026. The project, optioned to Xcite Uranium Inc. for up to 80%, has been expanded by over 3,000 hectares since data collection.

Drilling at the Aguilar target on the Santa Ana Project in Colombia returned 0.60 m ETW grading 1,660 g/t AgEq in DH621, 0.80 m ETW of 1,405 g/t AgEq (1,140 g/t Ag, 3.0 g/t Au) in DH604, including 0.23 m of 2,820 g/t AgEq, and 0.76 m ETW of 1,157 g/t AgEq in DH568 from the newly recognized Aguilar NEW structure, plus 0.49 m ETW of 1,374 g/t AgEq in DH596 from Aguilar N. The principal Aguilar structure has now been traced about 1.6 km along strike; southern step-out holes confirmed continuity but returned no significant intercepts. Results will feed into the next mineral resource estimate update, currently underway.

Step-out drilling at Charger 2, about 200 metres southwest of the Charger 1 deposit at the Odienné Project in Côte d'Ivoire, returned 18.0 g/t gold over 7m within 9.2 g/t gold over 18m from 144m (CHDD-24), 14.1 g/t gold over 4m within 4.0 g/t gold over 16m from 153m (CHDD-23), 13.9 g/t gold over 2m from 177m (CHDD-25) and 9.4 g/t gold over 2m from 240m (CHDD-21), all outside the current Charger resource envelope. The May 19, 2026 initial inferred MRE totals 1.71 Moz AuEq at 1.64 g/t AuEq (32.4 Mt at 1.33 g/t Au and 0.33% Cu). Five rigs are active, with two more expected.

Hole BH26001 at the Spyglass Ridge target on the Bellehelen silver-gold project in Nye County, Nevada returned 360.0 g/t silver and 2.03 g/t gold over 1.52m within a wider intercept of 16.7 g/t silver and 0.10 g/t gold over 100.58m that ended at the bottom of the hole and remains open at depth. Results are from the first six of ten holes in a 3,122m maiden RC program; four holes are pending. Further drilling is planned for late 2026 or early 2027.

Step-out drilling at Charger 2, part of the Odienné Project in Côte d'Ivoire, returned 18.0 g/t gold over 7m within 9.2 g/t gold over 18m from 144m (CHDD-24), 14.1 g/t gold over 4m within 4.0 g/t gold over 16m from 153m (CHDD-23), 13.9 g/t gold over 2m from 177m (CHDD-25) and 9.4 g/t gold over 2m from 240m (CHDD-21), outside the current Charger MRE envelope roughly 200m southwest of Charger 1. Five rigs are active, with two more expected.

A second diamond drill arrived at the Baner Gold Mine Property in Idaho County, Idaho and began drilling over the weekend of May 30th. The 2026 program calls for the first 12,000 feet (3,658 meters) to be core drilled, with reverse circulation drilling covering the remaining 28,000 feet (8,536 meters) from July through September, subject to receipt of required permits and approvals.

Winter-spring drilling at the Strathy Gold Project in the Temagami Greenstone Belt, Northeast Ontario returned 59.60 g/t Au over 0.5 m in SGPDH26-04, 28.70 g/t Au over 1.0 m in SGPDH25-09, and 25.10 g/t Au over 0.6 m plus 8.37 g/t Au over 0.4 m in SGPDH26-11, with visible gold in three intercepts. Hole SGPDH26-07 cut 3.09 g/t Au, 20.80 g/t Ag, 0.88% Zn and 0.27% Pb over 3.83 m about 120 m below surface. The program comprised 14 holes totalling 3,087 metres; 8 of 14 returned at least 1.00 g/t Au. Surface stripping and follow-up drilling are planned.

Drilling at the Burchell Project, 100 km west of Thunder Bay, Ontario, has identified a rare earth element system, with hole BL-26-05A returning 1,022 ppm Total Rare Earth Oxides over 55.2 metres from 55.8 to 111 m within syenite with carbonate veining; 29% of the TREO is magnet rare earth oxides (Nd, Pr, Dy, Tb). The interval averaged 3,244 ppm Sr, 2,287 ppm Ba, 14.7% CaO and 0.89% P2O5. The host Hermia Pluton spans 6 km on the property. Hole BL-26-06A returned no significant results; four holes remain pending from the 6-hole, 834.5 m March 2026 program.

Channel sampling at the 100%-owned Previsto Central gold zone in Peru expanded the continuous mineralized channel width from 15.5 m to 96.5 m (estimated true width approximately 90 m), returning 96.5 m @ 0.6 g/t Au and 15 g/t Ag, including 81 m @ 0.5 g/t Au and a 1.0 m interval at 7.1 g/t Au; a second channel 20 m north was extended to 30.2 m @ 1.0 g/t Au. All 148 channel samples across a 370 m x 70 m area returned gold. Hannan expects to submit its DIA environmental application in June 2026, with maiden drilling late Q1 or early Q2 2027, and has agreed with JOGMEC to conclude the San Martin joint venture effective June 18, 2026.

Surface channel sampling at the Blackrock Target within the Castle Zone of the Eastside Gold-Silver Project in Esmeralda County, Nevada returned up to 10.5 g/t gold and 74.7 g/t silver. The best gold sample, 1871515, assayed 10.50 g/t Au and 33.6 g/t Ag from a banded quartz vein in Paleozoic basement rock; sample 1871516 returned 5.63 g/t Au and 68.7 g/t Ag. A 7-hole, 2,500 metre diamond core drilling program is ongoing at Castle.

Final Phase 1 assays from 46 holes drilled February–March 2026 at the Minto Project, Yukon include 4.39% Cu, 7.60 g/t Au and 21.07 g/t Ag (10.22% CuEq) over 4.1 m from 278.6 m in 26SCM157 at the newly designated 301 Lens, and 3.77% Cu, 6.74 g/t Au, 23.68 g/t Ag over 3.8 m from 639.7 m at Minto East. The 50,000 m Phase 2 program, begun May 1, 2026, has completed 14,000 m in 59 holes.

Diamond drilling has begun at the Antimony-Gold Project discovery at the Nagambie Mine, under the earn-in and potential joint venture with Nagambie over Mining Licence MIN 5412 and Exploration Licence EL 5511 announced on 9 April 2026. The program targets an increase to the deposit's JORC Inferred Resource of 539,000 tonnes at 3.9% antimony and 3.3 g/t gold, containing 20,800 tonnes of antimony and 58,000 ounces of gold.

Hole 26MN-078 at the Black Mammoth target of the Manhattan District Project in Nevada returned 0.58 g/t gold over 18.04 m from 311.05 m, plus 1.13 g/t over 4.10 m from 367.88 m and 0.50 g/t over 8.23 m from 396.21 m, hosted in Oligocene Round Rock Formation volcanics. Hole 26MN-088 returned 0.35 g/t gold over 17.4 m from 185.96 m and 1.85 g/t over 3.14 m from 284.56 m. Both are 50 m step-outs from 26MN-057, testing more than 250 m beyond the inferred resource constraining pit. Scorpio Gold has drilled 91 Phase Two holes totalling 25,838 m, with assays pending from 18 holes.

Drilling at the La Infanta deposit, part of the wholly owned Iberian Belt West project in Spain, returned 7.2m grading 1.0% copper, 4.0% lead, 7.5% zinc, 0.13 g/t gold and 83.32 g/t silver in hole IN095, and 16.9m grading 0.2% copper, 1.5% lead, 1.9% zinc, 0.11 g/t gold and 9.29 g/t silver in IN093. Exploration hole INN08 cut 15.0m grading 0.1% copper, 0.4% lead, 0.8% zinc, 0.28 g/t gold and 7.26 g/t silver at 380m depth, 150m from the nearest hole, extending mineralization beyond the 2025 resource limits. Drilling is paused for the summer.

Infill and expansion drilling at the Eau Claire gold project in the Eeyou Istchee Territory, James Bay region of Quebec returned 7.86 g/t gold over 9.43 m in expansion hole 26EC-103, 13.83 g/t over 1.97 m in hole 26EC-102, and 3.79 g/t over 7.25 m plus 34.20 g/t over 0.96 m in conversion hole 26EC-107. Phase 1 totalled 21 holes over 12,700 m; the Phase 2 program of 15,000–25,000 m has completed 14 holes for about 7,100 m and continues through summer 2026.

Hole CS-21-73W1 at Castle East in Ontario returned 2,848 g/t silver over 6.65 metres from 498.80 m, including 61,389 g/t (1,790.8 oz/ton) silver over 0.30 metres, with 2.44% cobalt in that subinterval; hole CS-21-73W2 returned 242 g/t Ag over 4.30 metres, including 3,452 g/t over 0.30 metres. A further wedge, CS-21-73W3, intersected a 5 cm true-width native silver and cobalt arsenide vein at 480.8 metres downhole, with assays pending. Drilling continues within a 5,000-metre phase of a 30,000-metre program.

Drilling across the 30-acre Lower Tailings Project at the IMA Mine site in Lemhi County, Idaho intersected tungsten mineralization in all boreholes, with 127 samples averaging 0.152% WO₃ and 0.269 oz/t Ag. The March program comprised 35 hollow-stem auger boreholes totaling approximately 320 feet on roughly 200-foot spacing, confirming average tailings thickness of 5.9 feet and a maximum depth of 13.5 ft in ATLT26-20. Tailings volume is estimated at 190,000 to 200,000 cubic meters.

Drilling began May 29, 2026 at the Davidson River uranium project in the southwest Athabasca Basin, Saskatchewan, the first drilling there since 2022. The helicopter-supported program is planned to exceed approximately 8,000 metres of diamond drilling over roughly twelve weeks, using two rigs to test targets along the Bronco, Thunderbird and Warrior conductive corridors. Targets were ranked using ExoSphere Multiphysics surveys combining 3D ANT, HVSR and ground gravity data with prior drilling and geophysical datasets.

Drill hole DDH-BR-016 at the Blenda Rubia target within the Nueva Recuperada Unit in central Peru intersected 104.20 metres apparent width, or 40.71 metres estimated true width, grading 69.53 g/t Ag, 0.87% Pb, 0.28% Zn and 0.02% Cu (98.7 g/t AgEq), between 179.30 m and 283.50 m. Internal intervals included 4.12 m true width at 274.5 g/t AgEq (Vein 1) and 2.64 m at 172.1 g/t AgEq (Vein 3). The intercept sits about 60 metres below Buenaventura's Level 210. Silver X plans continued surface drilling and underground rehabilitation to prepare drill chambers.

Drilling at the Duquesne West Gold Project, 32 km northwest of Rouyn-Noranda, Quebec, returned 35.9 metres grading 3.1 g/t Au from 478.3 m in hole DQ26-45, including 24.7 metres at 4.0 g/t Au; other holes included 9.5 metres at 2.7 g/t Au (DQ26-34) and 9.0 metres at 1.8 g/t Au (DQ26-07A). Results cover 16 of 47 holes drilled, or about 6,500 metres, with roughly 15,300 metres completed of a program combining 15,000 metres of new drilling and 8,000 metres of historical core resampling. The property hosts an inferred resource of 26.9 Mt at 1.69 g/t Au for 1.46 Moz.

Assay results from twenty-one diamond drill holes at the Spanish Mountain Gold project in British Columbia's Cariboo Gold Corridor include 188 m at 0.47 g/t gold from 142.00 m in 26-DH-1355, containing 116.60 m at 0.60 g/t, and 145 m at 0.52 g/t from 56.00 m in 26-DH-1343. Approximately 25,588 m has been drilled to date, including 11,600 m of a planned 60,000 m feasibility program; 23 holes remain pending. The Company also granted 4,420,000 stock options at $0.36.

The board approved expanding the drill program at the El Zanjon gold-silver project in Santa Cruz, Argentina from 2,250m to 3,250m, a 44% increase allowing at least four additional holes. Three holes are complete, with EZD0004 at 164m as of June 1, 2026; samples from EZD0001, which contained visible gold and electrum, and EZD0002 are at the lab, with initial Au-Ag assays anticipated before the end of June. Targa also named a new CFO, Corporate Secretary, VP Exploration and director, and corrected the exercise price of 100,000 options to $0.77.

A fully funded $44M, 90,000 m diamond drilling program for 2026 has been expanded at the 100%-owned Queensway Gold Project in Newfoundland and Labrador, with drills increasing from four to six in mid-June. Allocation is 45% to discovery and resource growth, including AFZ Core depth extensions, Dropkick step-outs and regional targets at Pauls Pond, Greenwood and Gazeebow South, and 55% to project work including resource conversion, grade control and geotechnical drilling. To date, 32,000 m has been completed.

The drill program at the Enchi Gold Project in Ghana has been expanded to 80,000 metres, following completion of a $15 million equity financing, with four rigs on site targeting resource conversion, resource growth and discovery. The program began in August 2024; the first 28,000 metres fed into an updated Mineral Resource Estimate announced March 18, 2026 that more than doubled the Indicated resource. A Pre-Feasibility Study is targeted for completion by the end of June 2026. Newcore also granted 1,340,000 restricted share units vesting over three years.

Rock chip sampling at the 100%-owned Tarqui concession in Morona Santiago Province, Ecuador returned 80.9 g/t Au with 824 g/t Ag (sample 400345) and >100 g/t Au with >1,000 g/t Ag (sample 400362, over-limit analysis pending), plus 13 samples between 1.0 and 17.9 g/t Au over a vein system about 100 m long. Historical BHP drilling at the 1.8 km x 1.0 km Cu-Mo porphyry returned 0.33% CuEq over 186 m in TARQ1D and 0.34% CuEq over 218 m in TARQ4D. Salazar acquired the project from Silvercorp Metals, closing March 18, 2026, and plans mapping, channel sampling and drill targeting at Tarqui, Yumi and Quimi.

An inaugural diamond drill program has begun on the Voyageur Ni-Cu-Co-PGE project in Michigan's Upper Peninsula, 70 km west of Talon Metals' Eagle mine, with the initial phase designed for approximately 2,000 metres testing up to four priority targets, including the ~1 km long Osprey magnetic-gravity anomaly. The drill is mobilizing to site and drilling is anticipated to start the week of June 8. A previously announced airborne gravity survey is now expected to begin early this summer.

Drilling has started on a fully funded 5,000-metre program at the AZ and Birch copper-gold properties in Yukon, Canada, with first core produced at AZ on May 28, 2026. About 2,000 metres of diamond drilling is planned at AZ and 3,000 metres at Birch, alongside 3D induced polarization geophysics now underway at AZ, drone aeromagnetic surveying, surface geochemical sampling and alteration mapping. Drilling is by New Age Drilling Solutions with Vision Quest Drilling.

A maiden diamond drill program has begun at the Western Wabigoon Project in northwestern Ontario, comprising up to 3,650m of drilling at the W2 target with drillhole fences spaced 250–500m apart to test a 2.5km strike length, with drilling expected to conclude in late June. Centerra Gold has approved a $3.2 million budget for the 2026 summer program, which also includes heavy mineral concentrate till surveys, mapping and prospecting at regional targets. Surface rock samples assayed up to 7.75 g/t Au.

Six staked mining claims contiguous to the Joutel Property, 140 km northwest of Val d'Or, Quebec, have been acquired from Emerald Geological Services for 750,000 common shares, a related party transaction as EGS is controlled by two Bold insiders; the shares carry a resale restriction expiring October 2, 2026. The property now consists of 52 staked claims plus the 6 acquired claims, covering 3,217 hectares. An induced polarization survey by Simcoe Geoscience was completed from April to May 2026 over 8 north-south lines totaling 19.5 kilometres, with final interpretations and 3D models pending.

Drill hole YK26-001, the first hole of the completed Phase 1 program at the Yuma King Project in west-central Arizona, returned 56.65 meters of 1.07% copper, 0.79 g/t gold, 7.1 g/t silver and 180 ppm molybdenum from 3.35 meters downhole, including 7.85 meters of 2.28% Cu, 1.14 g/t Au from 24 meters and 8.80 meters of 2.07% Cu, 1.85 g/t Au from 45 meters. The program totalled over 1,087 meters in six holes across more than 500 meters of strike length, with results pending from five holes.

Drilling at the northeastern Wenot deposit on the 100%-owned Omai Gold Project in Guyana returned 8.54 g/t Au over 20.6m in hole 26ODD-180, including 25.89 g/t Au over 2.5m and 13.42 g/t Au over 5.8m, plus 5.79 g/t Au over 7.7m and 4.77 g/t Au over 6.6m, from eight holes and four wedges along a 450m strike. Five rigs are turning on the 50,000m 2026 program, with 23,685m drilled to date and a deep hole targeting 1200m+ started on the Gilt Deposit. The updated PEA is expected in six to eight weeks.

An induced polarization survey will begin shortly over porphyry Cu-(Mo±Au) targets on the Mystery Property, part of the 26,704 hectare Nechako Project in west-central British Columbia, to refine targets for fall drilling. SJ Geophysics will run a pole-dipole array investigating chargeability and resistivity to depths of 300-400 m, covering the B2 and B3 zones, the Ford Anomaly, and a monzonite stockwork area. Fox-Coconut field work is planned for early June, with Hanson drill geochemistry pending.