GoldVenture Weekly

Initial results from the reverse circulation infill drill program at the Goldboro Gold Project in Nova Scotia included 61.22 g/t gold over 12.0 metres (from 18.0 m), with 685 g/t over 1.0 m, in hole RC-26-073, and 5.85 g/t gold over 13.0 metres in RC-26-037. The results cover 3,265 m in 82 holes from a program of up to 30,000 metres in 600 holes, over 65% complete. An updated Feasibility Study is expected in Q3 2026, with an investment decision later this year.

Reverse circulation infill drilling at the Goldboro Gold Project in Nova Scotia returned 12.06 g/t gold over 6.0 metres from 44.0 metres, including 67.41 g/t over 1.0 metre, in hole RC-26-147, and 3.84 g/t over 18.0 metres from 30.0 metres in RC-26-102; results cover 3,420 metres from 72 holes in the west pit. The program has been expanded from about 30,000 metres to 40,000 metres, is roughly 62% complete, and continues into Q4 2026. NexGold will also issue 800,833 shares at $1.1939 to Sprott Streaming to settle a US$675,000 royalty payment.

First results from the 2026 Sonic core drilling program at the Santa Fe Mine Project in Nevada returned 9.9m grading 2.40 g/t Au and 50.7 g/t Ag from a historic low-grade stockpile adjacent to Heap Leach Pad two, with three Sonic core holes averaging 2.3 g/t Au Eq. CN-extractable gold assays ranged from 5% to 87% of corresponding fire assay values, averaging more than 30%. The Sonic program has concluded with nearly 100 holes across four historic heap leach pads; results from six additional stockpile holes are expected shortly.

Mapping at the 76 km² Aurora gold-silver project in the Yukon's Tombstone Gold Belt has discovered semi-massive stibnite mineralization in outcrop 300 m from the Antimony Mnt Prospect and rock float with visually estimated chalcopyrite exceeding 15% about 300 m northeast of the Rainbow Prospect, with assays pending. More than 120 rock and 3,000 soil samples were submitted from a 10 km x 5 km area, and an airborne LiDAR survey at 10 pts/m² was completed. RAB drilling is scheduled for July/August 2026.

Drilling has begun with two diamond drills at the Estrades Project in the northern Abitibi region of western Québec, an approximately 5,000-metre program forming part of Phase I under the Option and Joint Venture Term Sheet with DOWA Metals & Mining announced in January 2026. Holes across the Main, Central and East zones will supply material for metallurgical testwork by SGS Canada in Burnaby. Galway holds 90% of Estrades, with DOWA able to earn up to 45% by funding up to US$25 million.

Assay results from eight drill holes at the Mirado Gold Project in Ontario included 0.50 g/t Au over 91.0 m in KLM26-019 (including 1.13 g/t Au over 23.8 m), 18.99 g/t Au over 6.7 m in KLM26-017 (including 125.91 g/t Au over 1.0 m) below the historical resource, and 0.98 g/t Au over 35.0 m in KLM26-013, extending the North Zone about 85 m. First regional hole KLM26-035 at the MZ Zone, 500 m west, intersected alteration and pyrite, with assays pending. A regional drill permit now covers all of KL South, and 16 holes await assays.

Sonic core drilling of a historic low-grade stockpile adjacent to Heap Leach Pad two at the Santa Fe Mine project in Nevada returned 9.9m grading 2.40 g/t Au and 50.7 g/t Ag, with three Sonic holes averaging 2.3 g/t Au Eq. CN-extractable gold assays ranged from 5% to 87% of fire assay values, averaging more than 30%. The Sonic program has concluded with nearly 100 holes across four historic heap leach pads; results from six additional stockpile holes are expected shortly.

Drill hole ELID035 at the Elida porphyry Cu-Mo-Ag deposit in central Perú returned 1,534.6 m grading 0.58% CuEq (0.34% Cu, 0.064% Mo, 2.56 g/t Ag) from 56.6 m to the end of hole at 1,591.2 m, including 1,071.1 m of 0.61% CuEq beyond the current Mineral Resource Estimate. ELID042 returned 805.8 m at 0.36% CuEq from 123.7 m, and ELID043 returned 343.8 m at 0.30% CuEq from 952.2 m. 4,885.5 m of the planned 10,000 m 2026 program is complete, with two rigs active.

Infill drilling at the El Rubi zone of the La Virginia gold-silver project in Sonora, Mexico returned 15.8 m of 2.20 g/t Au and 355.2 g/t Ag (6.91 g/t AuEq) from 241.5 m in hole LV26-356, 11.0 m of 2.70 g/t Au and 177.6 g/t Ag from 171.0 m in LV26-357, and 5.85 m of 1.83 g/t Au and 92.3 g/t Ag from 137.50 m in LV26-355. Nine additional holes totalling 3,239.10 m bring the program to 8,885.5 m in 27 holes since October 2025, tightening spacing to 20–25 m. Three holes returned no significant intervals.

Hole 87-26-484 at the Troilus Project in north-central Quebec returned 1.10 g/t AuEq (0.98 g/t Au, 0.54 g/t Ag, 0.07% Cu) over 103 m, including 2.10 g/t AuEq over 34 m from 442 m downhole. Hole 87-26-492 cut 1.98 g/t AuEq over 14 m, including 9.87 g/t AuEq over 1.5 m, and hole 87-26-512 cut 0.92 g/t AuEq over 93 m, including 2.30 g/t AuEq over 21 m. The results cover 10 holes totalling 4,230 m, all within the Z87 reserve pit; 30 holes totalling 9,793 m of the roughly 24,000 m program have been reported.

Trenching and channel sampling have begun on the Antimony Ridge–Golden Grit property in the St. Alban's–Bay d'Espoir area of south-central Newfoundland, targeting zones that returned up to 51.2% Sb and 6.53 g/t Au in float, up to 46.2 g/t Au from quartz veins and up to 6.57% Sb from stibnite–quartz veins in Phases 1 and 2. The company staked the new Citadel Extension licence along strike, where a 500 m × 500 m till grid is planned. Final Xcite helicopter-borne TDEM and LiDAR data over the Sentinel property identified a large conductive trend along strike from the Beaver Brook Sb mine; proposed soil geochemistry lines there have been approved for a Junior Exploration Assistance Grant.

Drilling at the Buen Retiro Copper Project near Copiapó, Chile returned 111.9 m at 0.97% Cu from 21.1 m in hole BRT-DDH072, including 18.0 m at 1.59% Cu from 84.0 m, and 147.7 m at 0.41% Cu from 26.3 m in hole BRT-DDH070, including 47.0 m at 0.88% Cu from 113.0 m. Results cover 15 holes in the newly named Tenorita area, a 1.7 km trend southwest of the historical Manto Negro pit. Fitzroy has completed 78 diamond holes totalling 13,036 m since February 2026 and plans a further 9,000 m in 2026, with four rigs turning and the Tenorita drill-out targeted for completion in August.

Royalty receipts from Armstrong Mining Corp.'s placer operations at the Montana Creek Placer Property totalled 176.1 ounces of placer flake gold (approximately 82% purity) for the 2026 season to July 20, up 136.2 ounces since the June 1, 2026 update, credited as roughly 141 ounces of refined gold. Phase 1 drilling at the 100%-owned Klondike District Project, Yukon, finished with 7,697.17 metres in 34 NQ holes testing Lone Star Zone extensions, with assays pending. Up to 20,000 metres of hyperspectral core scanning begins in August, a second phase of up to 8,000 metres is planned from September, and an updated mineral resource estimate is targeted for the first half of 2027.

Drilling at the Golden Lake deposit on the 100%-owned Juby Gold Project near Gowganda, Ontario returned 179.10 m of 0.87 g/t gold from 34 m in hole GL-83A, including 15.55 m of 1.58 g/t and 6.9 m of 2.33 g/t, and 155 m of 0.9 g/t gold from 65.85 m in hole GL-83, including 11.4 m of 2.37 g/t. Hole GL26-87 returned 93 m of 0.89 g/t gold, extending strike length to 1.9 km from 0.75 km. Eight holes over 1,350 m were drilled at the 826 Zone, with assays pending. All assays for the updated MRE have been received, with issuance expected in the next two to three weeks.

Two undercut drillholes, SUR-26-58 and SUR-26-59, drilled at 45 and 65 degrees at the wholly owned Victoria Ni/Cu/Co polymetallic deposit both intersected visual mineralization including chalcopyrite, sphalerite, pyrrhotite and pyrite, with samples being prepared for lab submission; the drill has moved to a second undercut area. A three-year drill permit was received for the Parbec gold deposit in Québec, allowing up to 60,000m of drilling from 17 drill stations. A placement of critical minerals flow-through shares at $0.03 per share, or units with a half warrant exercisable at $0.06 for 18 months, is expected to close by month end.

Thirteen drill holes have tested roughly 200 m of strike and depths to 185 m along the Scurvy Fault at the Crippleback area of the 100%-owned Treasure Island Project in Central Newfoundland, intersecting brittle and ductile deformation, quartz veins up to several metres wide and pyrite-arsenopyrite mineralization; assays are pending and visual observations are not indicative of grade. The associated graphitic sedimentary horizon is geophysically interpreted over at least 15 km, with more than 100 km of interpreted secondary faults untested across the roughly 200 km² intrusive suite. Three rigs are drilling a 50,000 m program, with a barge-mounted fourth rig expected in early Q3 2026.

Drilling will resume at the 100%-owned Candelaria Silver Project in Nevada after the program announced on May 27, 2026 was halted shortly after commencement, with no holes completed and the single hole initiated abandoned due to operational issues. Major Drilling has been contracted for the 20,000-25,000 metre reverse circulation and potential diamond campaign, with mobilization underway and drilling to begin about a day after site setup. Objectives include resource expansion, new oxide, mixed and porphyry copper-silver-gold targets, and condemnation drilling.

The first hole of a fully funded Phase II program of up to 6,000 metres at the Bertha North target on the 332 km² Kolos Copper-Gold Project in southern British Columbia intersected a hydrothermal system to approximately 563 metres depth. Hole 26-KO-01 returned a 142-metre core-length interval from 318.5 m to 460.9 m with multi-stage quartz-carbonate veining, crackle to hydrothermal brecciation and sericitic alteration. Chalcopyrite and chalcocite were observed locally; laboratory assays remain pending.

Drilling at the Cub East target on the Whitehorse Copper Project in Yukon returned 32.0m @ 1.36% Cu, 0.63 g/t Au and 10.93 g/t Ag from 178.0m in BCG-035, including 18.0m @ 2.12% Cu, 1.06 g/t Au; BCG-030 returned 38m @ 1.20% Cu, 0.43 g/t Au and BCG-024 32.77m @ 1.06% Cu. High-grade strike continuity now extends over 300 metres. Planned 2026 drilling was increased to 50,000m from 35,000m, with RC drilling to start in September.

Underground diamond drilling has begun at the Red Silver Project (María Luz sector) of the Nueva Recuperada Project in Huancavelica, Peru, with the program expanded from the 1,200 meters announced in January 2026 to approximately 6,650 meters in two phases (Phase I: 1,115 meters; Phase II: 5,535 meters). The program follows channel sampling on the Silvia Vein of 735 g/t Ag over 65 meters of strike and 649 g/t Ag over 40 meters, and aims to expand the resource and upgrade Inferred ounces. Red Silver hosts about 1.91 million tonnes Inferred and 41,600 tonnes Measured and Indicated Mineral Resources.

Channel sampling at the 100%-owned Previsto Central gold zone in Peru extended the mineralized monomictic breccia from 185 m to 305 m in width, with all 175 channel samples returning gold or silver mineralization, bringing the total to 323 of 323 across two campaigns. Results include 44.9 m @ 0.4 g/t Au, 9 g/t Ag, including 17.4 m @ 0.9 g/t Au, and peak grades of 2.6 g/t Au and 37.2 g/t Ag. A 450 m x 120 m zone grading above 5 g/t Ag was defined. DIA approvals for 7,650 m of drilling are anticipated in Q1 2027.

A minimum 5,000 metre summer drill program has commenced at the Lac Gayot Ni-Cu-Co-PGE project in Québec's James Bay region, targeting the Baseline, Nasique, Macaque, Babouin and other zones along the six-kilometre Venus East Trend, plus new surface zones found by prospecting and EM anomalies. At the Voyageur project in Michigan, drilling was delayed by equipment delivery but the rig is mobilized and the first target is to be tested this week. The Company also issued 75,000 stock options to a Director at $0.65 per share, vesting over 36 months and expiring in 60 months.

The first hole (26-KO-01) of a fully funded Phase II program of up to 6,000 m at the Bertha North target, part of the 332 km² Kolos Copper-Gold Project in southern British Columbia, confirmed a hydrothermal system to approximately 563 m depth, including a roughly 142 m core-length interval from 318.5 m to 460.9 m of multi-stage quartz-carbonate veining, crackle to hydrothermal brecciation and sericitic alteration. Chalcopyrite and chalcocite were observed locally; laboratory assays are pending. Hole 26-KO-02 follows up the interpreted feeder system.

Drilling at the Santa Fe Mine project in Nevada returned 30.8 metres grading 0.93 g/t Au Eq oxide (94.8–125.6m) in diamond hole CAL26-03C at Calvada Central, including 10.7 metres at 2.18 g/t Au Eq (114.0–124.7m); the 188-metre hole was originally designed to collect geotechnical data for mine permitting. Two RC holes totalling 636 metres at the south end of the Slab pit cut 15.2 metres at 0.40 g/t Au Eq and 9.1 metres at 0.22 g/t Au Eq, both from surface.

Drilling at the Santa Fe Mine project in Nevada returned 30.8 metres grading 0.93 g/t Au Eq oxide (94.8–125.6m) in diamond hole CAL26-03C at Calvada Central, including 10.7 metres at 2.18 g/t Au Eq (114.0–124.7m); the 188-metre hole was originally designed to collect geotechnical data for mine permitting. Two RC holes totalling 636 metres at the south end of the Slab pit cut 15.2 metres at 0.40 g/t Au Eq and 9.1 metres at 0.22 g/t Au Eq, both from surface.

The first hole of a fully funded Phase II drill program of up to 6,000 metres at the Bertha North target, part of the 332 km² Kolos Copper-Gold Project in southern British Columbia, intersected a hydrothermal system to approximately 563 m depth, including a roughly 142 m core-length interval from 318.5 m to 460.9 m of multi-generation quartz-carbonate veining, crackle to hydrothermal brecciation and increasing sericitic alteration. Chalcopyrite and chalcocite were observed locally; laboratory assays remain pending.

Results from 13 holes at the Spur Gold Zone, part of an 80,000m drilling program at the Spur Project in New South Wales, include SPD067 with 18m @ 1.12 g/t Au from 61m and 79m @ 1.00 g/t Au from 252m, SPD071 with 38.3m @ 1.09 g/t Au from 59.4m and 84m @ 0.69 g/t Au from 150m, and SPD078 with 52m @ 0.84 g/t Au from 84m. The drilled footprint now extends to 550m x 800m, with infill drilling planned toward a mineral resource estimate.

Drilling at the Golden Summit project in Alaska returned 176.8 m of 1.48 g/t Au from 389.2 m in hole GS2622, including 45.8 m at 3.09 g/t Au, with GS2617 returning 70.8 m of 1.33 g/t Au and GS2620 returning 33.7 m of 1.59 g/t Au. Cleary Area holes included 74.4 m of 1.20 g/t Au in GS2611 and 2.2 m of 25.31 g/t Au in GS2619. Six rigs are drilling to support an updated resource estimate and a 2027 pre-feasibility study.

Hole H26005 at the SW Cliffs target of the Hercules Gold Project in Nevada's Walker Lane cut 67.06 metres grading 0.53 g/t Au and 11.69 g/t Ag, including 7.62 metres of 2.93 g/t Au and 54.48 g/t Ag, plus intervals of 32.01 metres at 0.20 g/t Au and 7.62 metres at 0.18 g/t Au. Other holes included H26029 with 38.10 metres at 0.32 g/t Au and H26018 with 7.62 metres at 1.28 g/t Au. These are the final assays from the 29-hole Spring 2026 program.

Four drill holes totaling 1,054 m have been completed at the Star Project in British Columbia's Golden Triangle, part of a fully funded 15,000 m 2026 program, with visual porphyry-style copper mineralization reported at Star East, Star North and Copper Creek. Hole SE-26-001 intersected more than 160 m of continuous mineralization, SN-26-002 approximately 180 m, and CC-26-002 more than 200 m. Samples have been submitted to ACT Labs for geochemical analysis.

Drilling at the Golden Summit project in Alaska returned 176.8 m of 1.48 g/t Au from 389.2 m, including 45.8 m at 3.09 g/t Au, in hole GS2622 in the Dolphin Area, along with 70.8 m of 1.33 g/t Au in GS2617, 33.7 m of 1.59 g/t Au in GS2620, and 74.4 m of 1.20 g/t Au plus 2.2 m of 25.31 g/t Au in the Cleary Area. Six rigs are on site supporting an updated resource estimate and a 2027 pre-feasibility study.

Channel sample and infill drill results from the Lotto Zone at the 100%-owned Queensway Gold Project in Newfoundland and Labrador include 23.7 g/t Au over 15.88 m from 11.62 m in channel LT-25-01-27 and 43.5 g/t Au over 4.75 m from 298.45 m in hole NFGC-25-2661. Results cover 729 m of channels from 57 lines and seven drill holes totalling 1,928 m. Additional infill drilling at Lotto is planned for H2/26, with an updated Technical Report and MRE to be filed later in H2/26.

Hole LM-26-377 at the Shaft 6 Southeast area of the wholly owned Langis Silver Project in Cobalt, Ontario returned 20.00m of 5,015 g/t silver from 165.00m depth, including 14.00m of 7,150 g/t, 1.15m of 74,137 g/t and 0.65m of 89,125 g/t silver. Other holes returned 13.00m of 287.8 g/t and 7.00m of 275.0 g/t silver. The 2026 program has completed 24,016.90m in 105 holes, plus 261.35m in the tailings toward a maiden resource estimate.

Inaugural drilling at the McKenzie gold project confirmed a high-grade gold system, according to Puma Exploration. A separate September 2, 2026 item states that trenching is being carried out at McKenzie to define drill targets. No assay results, drill intervals or other details were included in the available text.

Drilling has begun at the 100%-owned Thierry Copper Project near Pickle Lake, Ontario, with a planned 20,000-metre, two-phase program at the near-surface K1 deposit to test grade, scale and continuity and support an updated mineral resource estimate. It is the first systematic, large-scale drilling on the property in over 40 years, following receipt of an Ontario exploration permit. XXIX holds over $19 million in cash and about $24 million in working capital.

The first two holes drilled below the BBM open pit at the Odienné Project in Côte d'Ivoire returned 7m @ 7.21 g/t gold equivalent from 385m downhole, including 1m @ 43.68 g/t AuEq, the highest grade drilled to date at BBM (BBDD-31), and 46m @ 2.35 g/t AuEq from 364m downhole, including 17m @ 3.41 g/t AuEq (BBDD-30). They are the first of twelve holes testing the high-grade core to 600 metres below surface, with the remaining ten results expected over coming weeks. Seven rigs are operating at Odienné.

The first two holes of a twelve-hole program drilled below the BBM open pit at the Odienné Project in Côte d'Ivoire returned 7m @ 7.21 g/t gold equivalent from 385m downhole, including 1m @ 43.68 g/t AuEq, the highest grade drilled to date at BBM (BBDD-31), and 46m @ 2.35 g/t AuEq from 364m, including 17m @ 3.41 g/t AuEq (BBDD-30). The program tests the high-grade core to 600 metres below surface; results from the remaining ten holes are expected over the coming weeks.

Drilling has begun on a 10,000-metre reverse circulation program at the Hot Springs Range Project in Humboldt County, Nevada, following contractor mobilization on July 17. The program comprises 14 RC holes at the Otis target, where earlier diamond core drilling returned 9.2 metres grading 3.2 g/t Au, and an initial Phase 1 of up to five RC holes testing three faults beneath a 3-kilometre gold-in-soil anomaly at Eden. Alford Drilling LLC is operating multiple crews, with samples assayed by PhotonAssay.