GoldVenture Weekly

Drilling at the Veta Madre pit area of the operating La Colorada mine in Sonora, Mexico returned 10.9 m grading 22.1 g/t gold from 187.7 m, including 1.3 m at 174 g/t gold, plus 40.8 m at 2.23 g/t gold from 51.3 m and 147.2 m at 0.70 g/t gold from 32.65 m, with intervals outside the current reserve pit. 44 holes totalling 8,425 metres have been completed. Final Change of Use of Soils approval for the pit expansion has been received, and waste stripping on the larger Veta Madre Plus pit is on track to start in early Q3 2026.

A four-phase, 12-month exploration program has begun across Valkea's 350 km² of landholdings in Finland's Central Lapland Greenstone Belt, targeting roughly 6,000 points of base-of-till drilling and 5,000 m to 10,000 m of diamond drilling on the best five to 10 targets, with diamond drilling to start in H2 2026 and the campaign running August to March. Twelve new targets have been identified at the Paana project. Funding for the 2026/2027 programs is secured, and new leadership includes former Rupert Resources Ikkari team members Thomas Credland, Dr Chris Bonson and Dr Charlotte Seabrook.

Drilling at the Jonpol Deposit on the Garrison Property of the Tower Gold Project in Ontario's Timmins Mining Camp returned 13.00 g/t Au over 22.75 m and 3.01 g/t Au over 22.93 m, with hole MGA-268 the best metal factor of the 2026 program to date. STLLR has completed 8,536 m of drilling at Jonpol in the first half of 2026, with assays pending for the remaining holes. Intercepts use a 0.30 g/t Au cut-off and 25 g/t Au cap.

A dedicated sonic-drilling campaign has begun on the historic tailings at the wholly owned Langis Silver Project in Ontario's Cobalt camp, aiming to define a maiden Mineral Resource Estimate and advance a Recovery and Remediation Plan under Ontario's Recovery of Minerals regime effective July 1, 2025. Two additional rigs are drilling the fully funded 60,000-metre 2026 bedrock program, bringing three rigs active. Historical records indicate tailings were milled at 20–25 opt silver with 88% recoveries, implying roughly 75 to 95 g/t residual silver.

Assay results from the final seven diamond drill holes of the 2026 winter program at the Contact Lake Gold Project in northern Saskatchewan include hole CL26033 with 41.46 g/t gold over 3.42m from 207.58m, including 81.75 g/t over 1.73m and 179.5 g/t over 0.73m; CL26045 returned 5.43 g/t over 16.00m, CL26047 10.05 g/t over 9.30m and CL26048 6.78 g/t over 10.25m. The winter program totalled 10,127m in 29 holes, with 11 Preview Lake holes pending. Summer drilling of roughly 20,000m has begun, with about $26 million in treasury.

Drilling at the Golden Summit project in Alaska returned 336.8 m at 1.32 g/t Au from 26.5 m in hole GS2562 in the northern Dolphin area, including 3 m of 17.38 g/t Au, with the hole ending at 553.8 m in 3.9 m of 1.22 g/t Au. Hole GS2601 at Cleary cut 131.0 m at 1.48 g/t Au, including 3.1 m at 28.58 g/t Au, plus 3.1 m of 142.1 g/t Au at 630 m; GS2602 at WOW returned 85.9 m at 0.65 g/t Au. Six rigs are operating ahead of an updated resource estimate and a 2027 pre-feasibility study.

An additional C$500,000 has been received from joint venture partner VMS Mining Corporation under its Phase 1 Option, bringing total Phase 1 funding to C$2.0 million and entitling VMSC to a further 5% indirect interest in the project-level vehicle, raising its Phase 1 indirect interest from 10% to 15% and maximum potential interest to 65% for aggregate expenditures of C$12 million. Drilling has commenced at the Mary March VMS Project in Newfoundland, the first since 2019, with five holes planned against targets from a new geological model.

Diamond drilling southwest of the main high-grade core at the Powerline Deposit, AurMac Project, Yukon, returned 5.58 g/t Au over 21.7 m in hole AX-26-853, including 11.87 g/t Au over 10.1 m and 62.66 g/t Au over 1.8 m. Other holes returned 2.51 g/t Au over 11.7 m and 2.75 g/t Au over 9.3 m (AX-26-829, including 39.80 g/t Au over 0.5 m), 0.99 g/t Au over 9.4 m (AX-26-826) and 1.29 g/t Au over 8.0 m (AX-26-835).

Drilling at the Golden Summit Project in Alaska returned 336.8 m grading 1.32 g/t Au from 26.5 m in hole GS2562 in the Dolphin area, and 275.9 m at 0.96 g/t Au from 208.2 m in GS2561. Cleary hole GS2601 cut 131.0 m at 1.48 g/t Au from 416.7 m, including 3.1 m at 28.58 g/t Au, plus 3.1 m at 142.1 g/t Au at 630 m; WOW hole GS2602 returned 85.9 m at 0.65 g/t Au. Six rigs are operating ahead of an updated resource estimate and 2027 Pre-Feasibility Study.

Drilling has begun at the Surebet discovery on the 100%-owned Golddigger Property in B.C.'s Golden Triangle, with 2 rigs on site and 5 more arriving for a total of 7, targeting approximately 50,000 meters in a fully funded 2026 program. Drilling will focus on extending the Bonanza, Golden Gate and Surebet zones and testing a magnetic anomaly interpreted as a possible magmatic gold feeder source. The Company also granted 500,000 five-year stock options to an advisor at $1.49 per share, vesting immediately.

Drilling has begun at the New Amalga Gold property near Juneau, Alaska, with up to 4,300 metres of diamond drilling from up to 14 holes plus installation of downhole instrumentation, aimed at upgrading resource classification and gathering geotechnical and hydrogeological data for permitting and mine development. Work includes geotechnical logging, piezometer installation, packer testing and groundwater sampling, under a Plan of Operations approved by the US Forest Service on January 16, 2026. Contractors include SRK Consulting, Timberline Drilling, Piton Exploration and Coastal Helicopters.

Drill hole GW26-29 on the Goodwin copper-nickel-cobalt project in New Brunswick's Bathurst Mining Camp cut three massive sulphide intervals totalling about 30.1 m over a 42 m downhole span: 26.1 m from 18.7–44.8 m, 1.85 m from 46.75–48.6 m and 2.15 m from 57.9–60.05 m. Four holes (GW26-26 to GW26-29) have been completed since June 1, 2026 under a 7,000 m program, with 174 core samples submitted and assays pending; hole GW26-30 is in progress.

Initial 2026 drill results from the Outpost target at the wholly-owned Kaycee Project in Wyoming's Powder River Basin include 19 conventional mud rotary holes totalling 17,100 ft, with seven intersecting uranium at 0.02% eU₃O₈ or higher. Intercepts include 2 ft at 0.073% eU₃O₈ from 792.5 ft in LT26-077 (including 0.5 ft at 0.101%) and 1 ft at 0.052% in LT26-074. Drilling identified two mineralized target sand units in the lower Wasatch Formation. A 100,000 ft program is planned for 2026, covering Outpost, Rustler and Stampede, and a Project-wide collar and elevation survey is complete.

Drilling has begun on a fully funded summer 2026 program at the Dorado Project in Saskatchewan's eastern Athabasca Basin, a 50/50 joint venture with IsoEnergy. Seven holes totaling approximately 3,150 metres are planned through July and August 2026, testing the interpreted plunge of the Nova Discovery, step-outs toward the unconformity, and untested conductive targets. Previous drilling at Nova returned assays up to 8.1% U3O8; the nine-hole winter program intersected over 500 cps in all holes with a peak of 73,100 CPS, assays pending.

Drilling at the Moby Dick target on the Crippleback Intrusive Suite, part of the Treasure Island Project in central Newfoundland, returned 0.54% Cu Eq over 180.8m, including 1.48% Cu Eq over 49.4m (0.28% Cu, 1.07 g/t Au, 3.42 g/t Ag), in hole PGC-26-068, and 0.38% Cu Eq over 112.4m, including 0.72% Cu Eq over 45.0m, in PGC-26-058. Drilling has defined an advanced argillic alteration zone 3,100m long, 850m wide and 500m deep. Pirate Gold also agreed to acquire twelve additional mineral licences for cash, shares and NSR royalties.

Second-phase channel and rock sampling at the Blue Dick Mine Prospect, part of the Excelsior Springs Project in Nevada, returned 0.20m @ 17,582 g/t Ag, 0.75 g/t Au, 2.76% Cu, 1.72% Sb and 0.50m @ 3,407 g/t Ag, 0.54% Cu, 0.47% Sb in channel samples, plus grab samples up to 15,336 g/t Ag, 7.46 g/t Au. Copper channel results included 4.57m @ 1.49% Cu, 24.5 g/t Ag. The work was completed by Mammoth Minerals, which can earn 80% of the project; RC drilling is planned for Q3 2026.

Diamond drilling at the Sewum Gold Deposit on the Enchi Gold Project in Ghana returned 1.37 g/t Au over 24.0 m from 94.0 m in hole SWDD121, including 1.93 g/t Au over 12.0 m, plus 0.55 g/t Au over 16.5 m from 30.0 m; hole SWDD115 cut 0.74 g/t Au over 10.2 m and 9.24 g/t Au over 1.9 m from 251.4 m, including 17.36 g/t Au over 1.0 m. The results cover 6 holes totalling 2,069 m and are not in the current resource. A Pre-Feasibility Study is targeted for completion by the end of June 2026.

Partner Earthwise Minerals has completed a three-hole, 1,182 m diamond drill program at Eagle Plains' 100%-owned 20,021 ha Iron Range Project near Creston, southeast British Columbia, with all holes intercepting polymetallic mineralization at the Talon Zone. Holes IR26053 (410 m) and IR26054 (383 m) infilled historical holes across the Talon Zone structure, while IR26055 (389 m) intersected upper and lower mineralized horizons, including a 40 m step-out from IR11015. Samples were submitted to ALS Global in North Vancouver for gold fire assay and multi-element analysis. Earthwise can earn up to 80%.

Initial underground drilling at the Promontorio zone of the 100%-owned Cusi Property in Chihuahua, Mexico returned 1,712 g/t AgEq over 1.4 metres in hole UGCU-26-02, 428 g/t AgEq over 1.1 metres, 303 g/t AgEq over 8.3 metres and 160 g/t AgEq over 3.2 metres. The holes lie within a 150 by 250 metre area not captured in the PEA. The 2026 program totals 30,000 metres, with a Cusi restart targeted for H2 2026.

Drilling at the Connector Zone of the Troilus Project in north-central Quebec returned 1.15 g/t AuEq (0.91 g/t Au, 3.23 g/t Ag, 0.13% Cu) over 37 m, including 3.84 g/t AuEq over 5 m from 66 m downhole in hole J-26-359. Hole J-26-360 returned 0.78 g/t AuEq over 54 m, including 3.03 g/t AuEq over 3.9 m, and hole J-26-351 returned 1.23 g/t AuEq over 28.7 m, including 25.53 g/t AuEq over 1 m. The program targeted inferred material within reserve pit areas and is now complete.

A MobileMT airborne magnetotelluric survey has been completed over the T-2 conductivity target at the 100 percent owned Captain Gold Porphyry Project in North Central British Columbia. Expert Geophysics Surveys Inc. flew 157 line kilometres over a 26 square kilometre area, comprising 19 east-west lines of seven kilometres each at 200 metre spacing plus four north-south tie lines at 2000 metres, at an estimated cost of $112,000. Results are expected within 30 days.

Drill hole ONED26-007, the first hole into the new Megabe target at Ontenu NE within the Osena Project, Papua New Guinea, returned 12 m at 3.1 g/t gold and 15.4 g/t silver from 185 m downhole, including 1 m at 18.1 g/t gold and 84 g/t silver; true width is estimated at about 30% of the downhole interval. Two rigs are drilling at Ontenu NE, with holes ONED26-008 and ONED26-009 pending assay and a ~600 m porphyry test planned at Ontenu Central. A May River reconnaissance visit secured community consent and site access.

Rock chip sampling and mapping at the 100%-owned El Tigre Project in Loja Province, Ecuador returned weighted averages of 45m at 8.94 g/t AuEq in the T2 Zone and 50m at 2.02 g/t AuEq in the T3 Zone. The work defines a gold-bearing, barite-rich horizon exposed over approximately 650m x 500m at surface, open along strike and at depth. A total of 66 rock chip samples were collected between March and June 2026, with 15 above 0.4 g/t Au. A scout drilling program is being designed.

Drill hole DQ26-20 at the Duquesne West Gold Project near Rouyn-Noranda, Quebec returned 15.0 m grading 61.5 g/t Au (402.7–417.7 m), within a broader 35.8 m interval grading 25.9 g/t Au, with visible gold observed. Hole DQ26-36 in the conceptual Phase 1 open pit area east of the Main Pit returned 1.5 m at 7.9 g/t Au and 28.0 m at 0.5 g/t Au. Assays have been received for 18 of 49 holes drilled, covering about 7,829 m of roughly 15,700 m completed.

Drilling has begun on the 2026 program at the 100%-owned Hope Brook Gold Project on the southwest coast of Newfoundland. The program combines infill and step-out drilling at the 240 and Main Zones, aimed at upgrading inferred resources to indicated and testing below the current resource model, plus roughly 2,000 metres of geotechnical and hydrogeological drilling to support open pit and underground mine design. Hope Brook hosts 16,190,000 tonnes at 2.32 g/t gold indicated and 2,215,000 tonnes at 3.25 g/t inferred.

The first hole of the 2026 drill program at the Davidson River Project in the southwest Athabasca Basin, Saskatchewan, DR-26-040 on the Bronco corridor, intersected three metres of anomalous radioactivity (>300 cps) with peaks of 540, 780 and 1,650 cps from 464.0 to 466.0 metres. Drilling started June 1, 2026, with 900 metres completed in two holes on the Bronco and Thunderbird corridors; the second hole, DR-26-041, shows no elevated radioactivity to date. Geochemical assays are pending and drilling is planned through August 2026.

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.

Twenty-one channel samples from the historical open pit at the 100%-owned Buen Retiro copper project near Copiapó, Chile averaged 2.96% Cu, with 17 above 1.0% Cu, four above 5.0% Cu and a maximum of 10.68% Cu. Drill hole BRT-DDH099, 70 m south of the pit, intersected 113 m of tenorite mineralization from 3.5 m, visually estimated near 1.0% Cu and sent for over-limit analysis. A further 5,000 m program is underway; an environmental permit application is scheduled for October 2026 and a Pre-Feasibility Study for Q1 2027.

Assay results from eight diamond drill holes at the Spanish Mountain Gold project in the Cariboo Gold Corridor, British Columbia, include 221.8 m of 0.74 g/t gold from 128.0 m in hole 26-DH-1361, containing 100.0 m of 1.00 g/t gold from 231.0 m, and 100.1 m of 0.88 g/t gold from 8.3 m in 26-DH-1362, including 9.0 m of 7.46 g/t gold. About 28,500 m has been drilled to date, including 13,400 m of the planned 60,000 m 2026 Feasibility Drill Program started in March 2026; assays are pending for 19 holes.

Drilling at the Manfo project in Ghana returned 26 metres of 2.99 g/t gold, including 6 metres of 11.74 g/t gold, extending a high-grade gold shoot 150 metres to the north.