GoldVenture Weekly

A fully funded 10,000-metre core drilling program has begun at the Red Mountain silver and critical minerals project, 60 miles south of Fairbanks, Alaska, with one rig operating and all three rigs expected active by the end of the month. About 3,000 m of infill and step-out drilling will target expansion of the Dry Creek inferred resource of 11.6 million tonnes at 279.4 g/t AgEq (104.0 million AgEq ounces), with further holes testing undrilled VMS targets along a 60 km trend. The company holds approximately C$48 million in working capital.

Drillhole MM-02-2025 at the 100%-owned Mineral Mountain porphyry copper project in Arizona intersected the outer portion of a copper shell, terminating early at 1,697.35 m due to drilling conditions. Assays from 896 m to 1,394 m returned copper of 12.9 to 2,032 ppm (0.203%), molybdenum of 1.0 to 515 ppm (0.051%) and silver of 0.1 to 4.5 ppm, with values increasing at depth. Six mineral claims were located over the target extension.

One of six surface grab samples collected during the 2026 stripping program at the Parbec gold deposit in Québec's Abitibi region returned 0.567 g/t Au by 30-gram fire assay, with the same sample grading 1.56 g/t Au by 0.5-gram ICP-MS, along with 92.6 ppm tungsten and 1.51 ppm bismuth. Samples L882913 through L882918 were analyzed by ALS Laboratories under certificate SD26189144, finalized June 9, 2026. Stripping and washing are complete and the program moves to systematic mapping and channel sampling of the stripped ground.

Final assay results from the eight-hole, 1,133.6 m Phase 2 diamond drill program at the Curibaya silver-gold-copper project in Tacna, Peru returned 1.0 m of 448.2 g/t silver and 0.37 g/t gold within 4.0 m of 136.2 g/t Ag and 0.15 g/t Au in hole 26CUR-023, and 2.70 m of 284.41 g/t Ag and 1.29 g/t Au, including 0.70 m of 1,015.00 g/t Ag and 4.52 g/t Au, in hole 26CUR-018. Seven of eight holes contained silver and gold. Tier One has begun work on an EIA-sd permit allowing more than 200 drill holes, with next drilling likely at Cambaya II.

Assays from an additional 28 holes at the Claudia Silver-Gold Project in Durango, Mexico included 2.85 m at 2.30 g/t Au and 207 g/t Ag from 167.75 m in hole 26CLAU095D, and 8.90 m at 0.94 g/t Au and 101 g/t Ag from 170.05 m in hole 26CLAU107D. Drilling extended the Justina vein over 600 m of strike. The Phase II 20,000 m program, 12,750 m in 54 holes as of June 10, now uses two rigs and is expected to finish in Q3 2026.

Drill hole GTWL26-029 returned 6.40 g/t gold over 3.4 metres from 30.6 to 34.0 metres in Zone 14-24 in the north area of the Walsh Lake gold corridor, part of Gold Terra's 100%-owned Yellowknife Project in the Northwest Territories. GTWL26-025 returned 1.11 g/t Au over 17.5 metres and GTWL26-026 returned 7.47 g/t Au over 0.5 metres, while holes 027, 031 and 033 had no significant results. The winter program ran January 22 to March 21, 2026, totalling 4,904.9 metres in 15 holes; southern assays are pending.

Initial results from a 2025 VTEM Plus airborne geophysical survey flown by Geotech over the Black Bay (1114ha), Lorado (643ha) and Gulch (1996ha) uranium projects near Uranium City, Saskatchewan, defined conductivity and magnetic trends, including the regional Black Bay Fault at Gulch and the Lorado Mine–Pitchie trend. Interpretation and modeling by Condor Consulting is nearing completion and will guide summer fieldwork and drill targeting in Q3/Q4 2026. Partner Xcite Uranium can earn up to 80% in six Eagle Plains projects.

Drill results from the now-completed Phase 1 program at the West Rim Zone of the Troilus copper-gold project in northcentral Quebec include hole WR-26-013 with 6.93 g/t AuEq over 18.5 m, including 19.06 g/t AuEq over 6.4 m and 53.90 g/t AuEq over 2 m from 11.5 m downhole, and WR-26-014 with 1.80 g/t AuEq over 23.85 m, including 6.81 g/t AuEq over 5 m from 19.25 m. Results represent about half of the 3,000 metres budgeted for West Rim in 2026; Phase 2 planning is underway.

Drilling between the Kaiser and Boda deposits at the Northern Molong Porphyry Project in New South Wales returned 23.5m grading 0.17g/t Au and 0.14% Cu, including 3.2m at 0.31g/t Au and 0.23% Cu, and 42.1m at 0.16g/t Au and 0.14% Cu, including 4.8m at 0.59g/t Au and 0.29% Cu. District drilling at Haddington returned 3m at 1.74g/t Au and 0.07% Cu. Mobile Magnetotellurics defined six high-priority porphyry targets, including new prospects One Tree and Old Station.

An option agreement signed with an arm's length private company gives Hannan the right to acquire up to 100% of the Stavaträsk, Skellefteå North and Ådelfors gold projects, totalling 8,405 hectares in Sweden. Terms include a six-month grant period from June 4, 2026, issuance of up to 1,000,000 shares tied to drilling milestones, and exercise via C$2,000,000 in exploration spending plus 3,500,000 shares, with a 2.0% NSR repurchasable for C$3,000,000. A rig mobilises mid-June 2026 at permitted Stavaträsk for up to 2,000 m.

4.01 g/t gold and 225.1 g/t silver over 7.25 m from 375.70 m, including 15.25 g/t gold and 533.0 g/t silver over 0.50 m, was intersected in hole RE26-013 at El Refugio, Target 1, on the Copalquin property in Durango State, Mexico. Other results include 3.25 m at 5.23 g/t gold and 30.5 g/t silver from 92.0 m in La Soledad hole LS26-007. The final holes of the Target 1 upgrade program are complete, with 11,238 m drilled of up to 25,000 m planned and an updated mineral resource estimate due late June 2026.

Drilling at the Red Dog deposit on the North Island Project near Port Hardy, British Columbia returned 216.0 metres grading 0.67% Cu Eq. from 156.0 metres, including 64.1 metres at 1.10% Cu Eq., in RD26-30, and 163.4 metres at 0.86% Cu Eq. from 165.6 metres in RD26-35, identifying a high-grade trend in the eastern portion extending below the current resource envelope. A total of 8,112 metres in 31 holes was completed in 2025 and early 2026, and the results will be incorporated into the integrated resource estimate and ongoing pre-feasibility study. Further drilling began May 29, 2026, with about 14,500 metres planned.

Assay results from 34 diamond drill holes at the North Deposit on the 100%-owned Clarence Stream gold project in New Brunswick include 5.0 g/t Au over 10.85 m in hole ND-61 (including 11.3 g/t over 2.0 m and 10.4 g/t over 2.0 m), 40.3 g/t Au over 1.55 m in ND-52, 2.1 g/t Au over 6.0 m in ND-50 and 3.9 g/t Au over 3.0 m in ND-44. Many holes tested a northern extension about 430 m north of the 2022 pit-constrained resource. Follow-up drilling is planned for 2026.

Phase 2 drilling at the Costa de Cobre project (formerly Los Chapitos) in Peru returned 76.2m at 0.88% Cu, including 16.25m at 2.67% Cu and 6.82 g/t Ag. All five drill holes along the Diva trend corridor, focused on the Adriana target, intersected strong copper mineralization over a strike length of approximately 400 metres, with a maximum hole depth of 260 metres.

A fully funded Phase II 2026 drill program of up to 6,000 metres has begun at the Bertha North copper-gold porphyry target on the 332 km² Kolos Project, about 35 km southwest of Kamloops, British Columbia, with at least 1,500 metres planned for the target. Spring 2026 rock grab sampling returned up to 2.4% copper and 9.4 g/t silver; of 50 samples, 21 exceeded 200 ppm Cu and 18 exceeded 500 ppm Cu. The capital markets consulting agreement with Insight Capital Partners terminates June 23, 2026.

Hole 26MN-091 at the Goldwedge target of the Manhattan District Project in Nevada returned 6.95 g/t gold over 11.98 m from 242.99 m entirely within Oligocene Round Rock Formation volcanics, including visible gold in 65.99 g/t gold over 1.16 m from 250.76 m, plus 2.04 g/t over 11.83 m from 115.67 m. Hole 26MN-089 returned 1.17 g/t gold over 21.58 m from 111.71 m. Scorpio Gold has drilled 95 Phase Two holes totalling 26,567 m, with assays pending from 16 holes.

Assay results from D-level drilling at the Ima mine in Lemhi County, Idaho returned 24 ft grading 0.75% WO3 and 3.06 oz/t Ag in hole AT26-23 and 8 ft at 0.53% WO3 in AT26-12 in the No. 5 vein, plus newly defined footwall veins including 4.4 ft of 1.78% WO3 in AT26-27 and 5.2 ft of 1.41% WO3 in AT26-24. Footwall veins extend 300-400 feet down-dip and up to 200 feet along strike. To date 24 D-level and 15 Zero-level holes totalling about 17,600 feet have been completed, with four rigs operating and further assays pending.

Drilling has begun on the summer portion of the $15 million 2026 exploration program at the West McArthur joint venture project in the southeastern Athabasca Basin, Saskatchewan, using three diamond drills to achieve an estimated 20 to 25 unconformity target intersections. Work will step out southwest and northeast of the Pike Zone along the C10S corridor, with infill testing of gaps along the trend. Completion is expected in September; winter program assay results are pending. CanAlaska holds 88.89% and operates, with Cameco co-funding.

Drill crews, geologic personnel and two drills have been mobilized to the Contact Lake Gold Project in Saskatchewan's La Ronge Gold Belt for a summer program of over 20,000 metres in approximately 35 drillholes, running June to November. Assays remain pending for seven holes from the winter program at Contact Lake and eleven holes at the Preview SW deposit 3km to the southeast. Drilling will target extensions along strike and at depth, including zones below 500 metres.

First results from the 2026 drilling program at the Santa Fe Mine Project in Nevada included hole CAL26-02C at Calvada, a geotechnical hole that cut 90.8 metres (194.2–285.0 m) grading 0.44 g/t Au Eq oxide below the current resource pit shell, including 12.3 metres at 1.22 g/t Au Eq. Five RC holes totalling 1,530 metres identified a new gold zone west of the Slab pit, with 35.0 metres at 0.34 g/t Au Eq and 61.0 metres at 0.26 g/t Au Eq; the zone remains open in all directions.

An updated mineral resource estimate for the Rowan Project in Ontario's Red Lake district, effective June 1, 2026, reports Indicated resources of 754,514 tonnes at 13.03 g/t Au for 334,825 oz, up 70% in ounces, plus Inferred of 360,323 tonnes at 15.31 g/t Au for 179,013 oz. A maiden estimate for the Mt. Jamie deposit, 2 km away, shows 49,407 oz Indicated at 14.13 g/t Au and 35,791 oz Inferred at 11.97 g/t Au. Rowan will feed a combined Madsen-Rowan Pre-Feasibility Study planned for H2 2026.

Drill site preparations are underway at the Bertha North copper-gold porphyry target ahead of contractor mobilization for a fully funded Phase II 2026 program of up to 6,000 metres at the 332 km² Kolos Copper-Gold Project, about 35 km southwest of Kamloops, British Columbia, with at least 1,500 metres allocated to Bertha North. Spring 2026 rock grab sampling returned up to 2.4% copper and 9.4 g/t silver; of 50 samples, 21 exceeded 200 ppm Cu, including 18 above 500 ppm. Its capital markets consulting agreement with Insight Capital Partners terminates June 23, 2026.

A fully funded drill program of over 10,000 meters has begun at the JD Project in the Toodoggone Mining District, north-central British Columbia, split roughly 5,000 meters each at the Creek and Finn zones, with one rig operating and a second starting within days. Results are intended to support an inaugural mineral resource estimate planned for Q1 2027. A project-wide airborne MobileMT survey of 740 line kilometers on 250 meter spaced lines is underway. The Company also granted 250,000 stock options at $0.15, expiring in three years.

Rotation 1 reverse circulation drilling at Target A, Kraaipan Gold Project in southern Botswana, returned bedrock gold intercepts above 0.5 g/t Au in 12 of 20 holes over 1,103 m across four grids, including 9 m @ 1.23 g/t Au (KR26-012), 7 m @ 1.99 g/t Au (KR26-005) and 4 m @ 3.28 g/t Au (KR26-010), confirming mineralization along about 700 m of strike. Rotation 2 drilling at Targets AE and AF is complete, with 22 holes totalling 1,198 m and 29 surface rock samples submitted to ALS Johannesburg; results are expected in July.

Hole 26MN-086 at the Goldwedge area of the Manhattan District Project in Nevada returned 1.27 g/t gold over 45.23 m from 137.95 m, including 2.40 g/t over 7.47 m from 160.26 m and 8.06 g/t over 2.80 m from 172.31 m. Results from three Phase Two step-out holes (26MN-082, 084, 086) were reported; 26MN-082 returned 0.54 g/t over 6.1 m and 0.60 g/t over 8.6 m, while 26MN-084 had no significant intervals. Assays are pending from 16 holes totalling 3,557 m.

A definitive agreement has been signed to acquire a 100% interest in an 8.3-hectare mineral claim contiguous with the eastern boundary of the Springer REE deposit near Sturgeon Falls, Ontario, for 600,000 common shares, with the vendor retaining a 2% NSR royalty, half of which may be bought back for C$500,000. The claim adds about 250 m of strike beyond the current resource and SLR-optimized pit shell, and hosts historical hole SL11-07, which returned 0.539% TREO over 36.98 m, including 1.787% TREO over 1.28 m.

Drillhole CB-228, the first hole of the Phase 1 expansion program at the South Pit of the Cotabambas copper-gold-silver project in Peru's Apurimac region, returned 317.6 m at 1.04% CuEq (0.46% Cu, 0.45 g/t Au, 3.19 g/t Ag) from 404.10 m, including 162.0 m at 1.54% CuEq and 66.1 m at 1.92% CuEq, within 487.4 m at 0.80% CuEq. Mineralization is continuous from surface to over 850 m depth and extended 350 m down dip. Following a C$21 million equity financing, the drill program is being expanded to 45,000 m from 15,000 m, with five rigs planned by the end of Q3. A conference call is scheduled for June 9, 2026 at 9:00am ET.

A maiden diamond drill program of approximately 2,500 metres has begun at the 100%-owned Halahila gold-copper VMS project in Saudi Arabia, initially targeting the Halahila Main zone, where a 650-metre-long gossan up to 30 metres wide and TDEM conductors over a 4.1 km strike length have been identified. Surface sampling at Halahila Main returned up to 16.35 g/t gold and 180 g/t silver. Drilling follows 1,242 metres in 10 holes at Safra, with core assaying at SGS Turkey.