GoldVenture Weekly

Final results from the winter 2026 drill program at the 100%-owned Dufferin West property in Saskatchewan, operated under an option by Refined Energy Corp., totalled 975 metres in three holes completed on budget for approximately $1.7 million. DW26-001 and DW26-003 intersected the Athabasca unconformity, while DW26-002 was terminated before reaching target depth; of 87 samples assayed, ten returned weakly anomalous uranium, with a high of 5 ppm uranium from DW26-001 immediately below the unconformity.

Infill and exploration drilling at the Golden Summit Project in Alaska returned 2.08 g/t Au over 62.1 m from 371.9 m within 102.3 m of 1.67 g/t Au in hole GS2607 (Dolphin), 0.76 g/t Au over 405.4 m from 102.7 m in GS2610, 0.90 g/t Au over 113.7 m from 86.5 m in GS2608 (Cleary), and 1.02 g/t Au over 66.0 m from 644.0 m in GS2605 (WOW). Over 25,000 metres have been completed in 2026 with six rigs operating, supporting an updated resource estimate and a Pre-Feasibility Study planned for 2027. Metallurgical, hydrogeology, geotechnical and environmental studies are ongoing.

Nine holes totaling 2,187.15 metres have been drilled year-to-date in the 2026 Phase III program at the Choquelimpie gold-silver-copper project in northern Chile, covering the Choque, Suri, Vizcacha, Hundimiento and Espanola zones. Three styles of gold mineralization were intersected — hydrothermal breccias, dacite-andesite porphyry with quartz ± magnetite veinlets, and quartz-mica-sulfide alteration zones — with base metals mainly in the quartz-mica-sulfide zones. Holes DD-15 and DD-18 are in progress; assays are pending, and metallurgical and 3D geological studies are planned for later in 2026.

Drillhole TG2616 at the Midway Hills prospect, about 1,400 metres northwest of the main resource pit at the Tonopah Gold Project in Nevada, returned 38.1 m of 0.89 g/t gold and 6.78 g/t silver from 179.8 m depth, including 6.1 m of 3.56 g/t gold and 22.48 g/t silver. The intercept lies entirely within Ordovician Palmetto Argillite, roughly 27 m below the volcanic contact and beneath prior drilling, with anomalous gold to the bottom of the hole. Assays are pending for two holes about 100 m east and west; 19 RC holes totalling 3,210 m have been completed in 2026.

A maiden drill program has been completed at the Laird Lake Project in Ontario's Red Lake Gold District, totalling 5,134 metres across nine diamond drill holes. All pending assays are expected by early August. Crews have begun demobilization and site clean-up is underway.

Infill drilling at the Golden Summit project in Alaska returned 2.08 g/t Au over 62.1 m from 371.9 m within 102.3 m of 1.67 g/t Au in hole GS2607, while GS2610 cut 405.4 m at 0.76 g/t Au from 102.7 m, GS2608 returned 113.7 m at 0.90 g/t Au from 86.5 m and GS2605 in the WOW zone returned 66.0 m at 1.02 g/t Au from 644.0 m. Six rigs are operating and over 25,000 metres have been drilled in 2026, supporting an updated resource estimate and a Pre-Feasibility Study planned for 2027.

A high-resolution airborne horizontal-gradient magnetic survey began July 2, 2026 over the Vumba License in Botswana, flown by Xcalibur Smart Mapping, taking about 10 days, with initial results and interpretation anticipated by late July 2026; a survey of the Maitengwe project will follow. A fully funded maiden drill campaign at Vumba of approximately 3,000 metres across about 15 holes, each from surface to roughly 200 metres depth, is targeted to start in August 2026. Joe Van Wyk was appointed Vice President, Exploration.

Six winter ice holes drilled on the southern edge of the Main Zone at the Moss Gold Project in Northwest Ontario returned intercepts including 32.8m of 1.22 g/t Au from 166.2m (including 3.5m of 6.83 g/t Au) in MMD-26-381, 57.95m of 0.86 g/t Au from 182.0m in MMD-26-379, and 3.55m of 7.43 g/t Au from 199.45m in MMD-26-375. Mineralised widths were 72% wider than modelled, with grade 12% lower. Results will be included in a Mineral Resource Estimate update scheduled for Q4 2026 or Q1 2027.

An updated Mineral Resource Estimate for the Santa Fe Mine Project in Nevada's Walker Lane is expected within weeks, with a revised Preliminary Economic Assessment targeted by the end of August 2026 and groundbreaking still planned for 2027. Lahontan has completed 87 drill holes totalling 7,751 metres year-to-date, including 54 Sonic holes on historic heap leach pads and the new Slab West discovery. Shareholders approved an RSU/DSU Plan on June 26, 2026 covering up to 42,765,283 shares.

Elevated radioactivity greater than 300 cps was intersected in all of the first three completed holes at the main Coyote target on the Moonlite project in the Southwest Athabasca Basin, Saskatchewan, held with JV partner Atha Energy, along with hydrothermal alteration, structural features and a graphitic fault zone. Phase 1 drilling has been expanded to 5,500 metres, with about 3,527 metres completed. Abitibi Geophysics has been contracted for a stepwise moving loop TDEM survey over three 3.2 km lines using seven 400 m x 600 m transmitter loops. Director Jay Martin has resigned.

The Phase III drill program at the La Manchuria gold-silver project in Santa Cruz, Argentina has been completed, comprising 16 holes totalling ~5,170 metres, with veins and/or veinlets intersected in all 16 holes and initial assays expected as early as July, more likely August and September; the next drill phase is expected to start in early Q4. At Don Mario in Chile's Maricunga belt, satellite mapping identified a 1.8 x 2 kilometre silica-alunite anomaly, with CS-NSAMT and 267-sample survey results pending. ATB Cormark Capital Markets initiated coverage on May 22, 2026.

Summer field programs are underway on four James Bay, Quebec projects. At Wabamisk, mechanical stripping has exposed the Rosa gold-bearing vein system over a minimum of 450 metres with widths up to 10 metres, within a 1,400-metre drilled strike, ahead of fall drilling; 159 holes totalling 24,045 metres have been drilled since the Fortin and Rosa discoveries. The first phase of Elmer's 10,000-metre Patwon program is complete (10 holes, 5,407 m, results pending). Kukamas drilling is KGHM-funded, and a 6,591 line-kilometre heliborne survey is planned on the Northern Nickel Corridor.

Drilling has resumed at the 100%-owned Moray gold project, 49 km south of Timmins, Ontario, as part of a planned 10,000 metre 2026 program, with the summer phase comprising approximately 2,500 metres in a minimum of 11 drillholes. The first 2 to 3 holes will fill in the top of the existing mineralized zone, with the remainder collared in the syenite intrusive to test for gold mineralization extending into it. Earlier 2026 drilling totalled 3,376 metres in 22 holes.

Surface sampling at the Mani-Copan target on the 100%-owned El Quevar project in Salta, Argentina has defined a high-grade silver footprint of roughly 500 metres by 90 metres, with more than two dozen rock chip samples above 100 g/t and peak values of 20,000 g/t, 16,000 g/t, 6,000 g/t and 2,450 g/t Ag; drilling confirmed three mineralized levels. More than 20 priority targets have been defined, a 70 km² ground magnetic survey is 89% complete, and metallurgical results from 27 drillholes are expected by September 2026.

An updated Mineral Resource Estimate for the Santa Fe Mine Project in Nevada's Walker Lane is expected within weeks, with a revised Preliminary Economic Assessment targeted by the end of August 2026 and groundbreaking still planned for 2027. Lahontan has completed 87 drill holes totalling 7,751 metres year-to-date, including 54 Sonic holes on historic heap leach pads and the new Slab West discovery. Shareholders approved an RSU/DSU Plan on June 26, 2026 covering up to 42,765,283 shares.

Drilling at the Yellowknife Lithium Project in the Northwest Territories returned 26 m at 1.29% Li2O (including 17 m at 1.65% Li2O) in hole YLP-0312 at BIG East, 18 m at 1.41% Li2O in YLP-0306 at Ki, 21 m at 1.09% Li2O (including 13 m at 1.38%) in YLP-0304 at Fi Main, 22 m at 1.09% Li2O in YLP-0315 and 17 m at 1.32% Li2O in YLP-0320. Results cover 20 holes totalling 5,324 m from the 2026 winter and 2025 summer programs.

A high-resolution airborne magnetic and radiometric survey has been completed and interpreted over the 100%-owned Hot Springs Range Project in Humboldt County, Nevada, flown by Precision GeoSurveys in March 2026 across approximately 53 km² at 50 m line spacing. The magnetic data delineate fault structures and contacts at the Otis and Eden targets, with a demagnetized zone in the interpreted Paleozoic basement at Eden. A 10,000-metre reverse circulation drill program is set to commence July 6, 2026, using three crews.

Hole THN26-372 at the Glenfiddich Zone, Camp Creek Corridor, on the wholly owned Thorn Project in NW British Columbia returned 14.75m of 1.25% copper, 1.71 g/t gold and 149.00 g/t silver from 84.25m, including 1.50m of 8.33% copper, 11.30 g/t gold and 971.00 g/t silver from 90.00m, plus 6.12m of 0.48% copper, 0.45 g/t gold and 56.21 g/t silver from 53.38m. The step-out extended mineralization 20m west. Seven holes totalling 1,736.50m are complete, with assays pending.

Diamond drilling at the Nyam Gold Deposit at the Enchi Gold Project in Ghana returned 3.51 g/t gold over 21.0 m from 245 m in hole NBDD086, including 5.91 g/t over 9.0 m from 251 m, plus 1.61 g/t over 14.0 m from 278 m in NBDD085 and 1.40 g/t over 21.0 m from 317 m in NBDD080. The release covers 11 holes totalling 4,123 m, part of an 80,000 m program; results are not included in the March 18, 2026 resource estimate or the June 2026 Pre-Feasibility Study.

Drilling at the wholly owned Dumbwa copper deposit in Solwezi, Zambia has confirmed continuous near-surface sulphide copper mineralization over 6.7 km of strike, a 1.4 km northward extension, with 260 holes and 56,855 m completed. Results from 77 holes include 21.64 m at 0.42% Cu (DBW-26-200), 13.67 m at 0.51% Cu (DBW-26-165) and 25.0 m at 0.38% Cu (DBW-26-150). About 12,500 m of Phase One drilling remains, with completion expected in Q3 2026.

Surface sampling at the partner-funded La Flora Project in Santa Cruz Province, Argentina returned assays up to 63.88 g/t gold and 175.34 g/t silver, with other samples grading 6.17, 4.77, 4.72 and 3.26 g/t gold. Four mineralized veins were identified within a 100-metre-wide array traced over 380 metres of strike, part of the approximately one-kilometre La Flora vein system. Operator Daura Gold has submitted drill permit applications ahead of a Phase II drill program planned for Q3 2026.

Drilling has begun at the previously undrilled Andrei copper-gold porphyry target on the 100%-owned, 688 km² Newmont Lake Project in British Columbia's Golden Triangle, with a Phase One program of approximately 3,000 metres of diamond drilling testing an open-ended 4-kilometre chargeability and magnetic anomaly within a 14-kilometre magnetic-high trend. The program also extends the induced polarization survey to the northeast. Separately, 4,040,000 stock options were granted at $0.16 per share, expiring June 26, 2031.

Summer drilling has begun at the Aberdeen Project in Nunavut's Thelon Basin, prioritizing the Loki and Tatiggaq targets. About 10 holes are planned at Loki to test a 4 km gravity anomaly, with 50 to 100 m step-outs north of TAT25-006 targeting an interpreted E-trending fault and its intersection with the sandstone unconformity. At Tatiggaq, systematic drilling along the ENE-trending Tatiggaq Fault will target depths of roughly 300 to 400 m northeast. Nymeria, Thor, Mammoth and Qavvik may also be tested.

Results from the final four holes of a 3,122-metre drill program at the Spyglass Ridge target, Bellehelen Silver-Gold Project, Nye County, Nevada, included 3.05 m grading 0.20 g/t gold and 21.8 g/t silver in BH26008 and 1.52 m grading 0.48 g/t gold and 29.1 g/t silver in BH26010; holes BH26007 and BH26009 mostly returned values below detection limit. The Company says a mineralized structure parallel to Spyglass Ridge continues to at least 300 metres depth. Mapping, sampling and geophysics are planned over summer and fall 2026, with the next drill campaign, including the Rangefront target, anticipated in late 2026 or early 2027.

Drilling at the Buen Retiro Copper Project near Copiapó, Chile returned 59.0 m at 1.73% Cu from 92.0 m in BRT-DDH052, including 12.0 m at 5.39% Cu from 136.0 m, and 76.0 m at 0.74% Cu from 69.0 m in BRT-DDH062, including 13.0 m at 3.62% Cu. Results from nine holes in the Southwest Area were reported. The 2026 exploration and resource definition program has been expanded to approximately 22,000 m, with 67 holes totalling 10,583 m completed since February 2026.

Seven diamond drill rigs are operating at the 100%-owned Planalto copper-gold project in the Carajás district of northern Brazil on a 14,000 metre program to validate the geological-mineralization model used in the 2024 MRE and 2025 PEA. Twenty-nine holes totalling 10,186 metres are complete on the Homestead-Cupuzeiro trend and four holes totalling 761 metres on the Silica Cap trend. Infill drilling to at least 100 by 100 metre spacing will follow validation, with assays beginning to arrive.