GoldVenture Weekly

Hole NV26-11 at the Nova Discovery on the Dorado Project, eastern Athabasca Basin, Saskatchewan, intersected 5.6 metres of continuous radioactivity from 337.9 to 343.5 metres averaging 11,730 cps, including 1.7 metres averaging 31,800 cps, 1.1 metres averaging 43,480 cps, and a peak downhole probe reading of 53,300 cps. Four holes were completed in the first phase of the 2026 summer program, testing the Q23 and Nova targets, with assays pending and drilling to resume in two weeks. Dorado is a 50/50 joint venture with IsoEnergy Ltd.

Assay results from 30 drill holes totalling 8,656 metres at the True North Gold Project in southeast Manitoba returned 15.89 g/t Au over 2.70 m including 40.10 g/t over 1.00 m at SAM SE (TN-26-094), 5.99 g/t Au over 4.90 m including 24.90 g/t over 0.70 m at Shore (TN-26-088), and 36.44 g/t Au over 1.10 m including 73.70 g/t over 0.50 m at the newly defined Baker target (TN-26-076). Mineralization was confirmed to depths of 975 m over a 720 m strike length. Results from seven surface holes at San Antonio West are pending, and SAM W, SAM SE and Shore will be included in a global resource update expected in the fourth quarter.

Surface channel sampling at the Providencia target on the 100%-owned Cármenes Project in northern Spain returned 2.36 g/t Au over 80 meters, including 3.21 g/t Au over 23 meters and 20.18 g/t Au over 5 meters (previously reported), along with 6.12 g/t Au over 6 meters in PVCC-02. First systematic underground sampling on the 1438m Level returned 2.40% Cu, 0.83% Ni, 0.27% Co and 0.25 g/t Au over 9 meters. An eight-hole diamond drill campaign is ongoing with assays pending for six completed holes.

Maiden diamond drilling has been completed at the Safra Main and Halahila Main targets in Saudi Arabia, with 23 holes totalling 3,764 metres; holes at both intersected sulphide mineralization within VMS-style volcanic and sedimentary packages. A total of 961 drill core samples were submitted for analysis, with initial assays expected in late August 2026. Sun Peak also completed 1,345 line-kilometres of airborne EM at Al Miyah, where drilling is scheduled for Q4, plus gravity surveys at Hishashat, Al Miyah Main and Washaq.

Drilling has started at the Aurora Gold-Silver Project in the Yukon's Tombstone Gold Belt, the first drilling at Aurora in over 15 years and T2 Metals' first Yukon drill program. The initial RAB phase, run by GroundTruth Exploration, plans approximately 20 holes for 1,400 m testing shallow targets near the TK, JC and Rainbow mineralized areas, with field portable XRF analysis of cuttings and a downhole viewer ahead of possible follow-up diamond drilling. The 76 km² project lies 8 km west of Prospector Metals' ML Project.

Assay results from seven core holes totalling 1,485 m drilled in late April to mid-May 2026 at the Main Sappho Skarn Target, Greenwood, British Columbia, returned anomalous Cu-Au-Ag-Ni-Co-Zn-PGE mineralization in all holes. Hole 26SPDD005 returned 1.0% CuEq over 13.68 m from 79.22 m (0.255% Cu, 0.057% Ni, 498 ppb Au, 6 g/t Ag, 119 ppb Pt, 60 ppb Pd), while 26SPDD002 returned 0.357% CuEq over 44.55 m from 69.0 m. Grizzly is permitting additional pads to drill the separate Sappho IP chargeability anomaly later this year.

Drilling has resumed at the 4,500-hectare Kuma Property in the Solomon Islands, with hole KU26-001 advanced to 840 metres and intersecting zones of alteration and sulphide mineralization between 250 m and 840 m. Assays for the first 559 m (365 samples) have been submitted and are pending, along with results from surface sampling completed during the drilling pause. The fully funded 2,000 to 3,000-metre program is expected to continue through the third quarter.

Drilling at the Northeast Tyro zone of the Gold Chain Project in Arizona returned 62.5 m at 3.1 g/t Au, including 38.1 m at 4.66 g/t Au, in hole GC26-166. The results come from two additional drill holes at the high-grade zone.

Drilling at the Duquesne West Project near Rouyn-Noranda, Quebec returned 21.3 m grading 3.0 g/t Au from 65 m (about 45 m vertical depth), along with 27.9 m at 0.5 g/t Au and 14.8 m at 0.9 g/t Au. Results cover 31 of 66 holes drilled, roughly 36% of total assays expected, with about 10,133 m reported of 20,479 m drilled. The property hosts an inferred resource of 26.9 Mt containing 1.46 Moz gold at 1.69 g/t Au, with a PEA targeted.

18 diamond drill holes totaling approximately 7,000 metres have been completed to date in the 2026 program on the White Gold and QV properties in Yukon, with three rigs running toward a target of 15,000 to 20,000 metres. Holes completed include three at Golden Saddle, five at VG and seven step-outs at Ryan's Surprise, with Arc drilling planned for the second half. New untested targets Golden Saddle 2.0 and VG East were identified, and a maiden Preliminary Economic Assessment is underway.

Drilling has resumed at the 4,500-hectare Kuma Property in the Solomon Islands, with hole KU26-001 advanced to 840 m and intersecting zones of alteration and sulphide mineralization between 250 m and 840 m. Assays for the first 559 m (365 samples) have been submitted and are pending, along with results from surface sampling completed during the pause. The fully funded 2,000 to 3,000-metre program tests a 2-kilometre-long lithocap and is expected to continue through the third quarter.

Drilling at the Duquesne West Project near Rouyn-Noranda, Quebec returned 21.3 m grading 3.0 g/t Au from 64.9 m (about 45 m vertical depth), along with 27.9 m at 0.5 g/t Au, 14.8 m at 0.9 g/t Au and 7.0 m at 2.1 g/t Au. Results cover 31 of 66 holes drilled, roughly 36% of total assays expected from the 2025–2026 program, which is now complete at 20,479 m. The property hosts an inferred resource of 26.9 Mt at 1.69 g/t Au for 1.46 Moz gold, and Emperor is targeting a PEA.

An updated Mineral Resource for the Storheden Deposit at the Björkdal Operation in northern Sweden totals Indicated Resources of 1.07 Mt at 2.51 g/t Au (87 koz) and Inferred Resources of 1.85 Mt at 2.11 g/t Au (125 koz), with details to follow in the annual NI 43-101 Björkdal technical document in September 2026. Sixteen extensional diamond drill holes completed January–March 2026 returned 107.0 g/t gold over 0.4m in SH26-011 and 50.9 g/t gold over 0.95m in SH26-010. Mineralisation spans 2.7km strike to 464m depth and remains open.

Maiden diamond drilling at the Igab project in Suriname returned 7.0 m @ 5.82 g/t Au in IGBD26-007, 8.0 m @ 2.16 g/t Au in IGBD26-003 and 4.0 m @ 4.68 g/t Au in IGBD26-011 at the Koela target, with 17 holes testing Koela, Lemon Tree and Desiberg. Trenching at Cannibal Creek returned 22.0 m @ 2.13 g/t Au, including 15.0 m @ 3.01 g/t Au, in IGBT26-094, with drill testing there planned in the next few weeks. At Majorodam, 160 RC holes totalling 11,748 m were completed and about 35% of assays remain pending due to laboratory delays in Paramaribo.

Regional drilling at the 100%-owned B26 polymetallic property in Québec intersected a new zinc-silver zone 1.5 kilometres west of the B26 deposit, with hole 1274-26-383 returning 14.25 m of 1.13% Zn and 51.51 g/t Ag (0.74% CuEq) from 455.75 m, including 3.10 m of 2.82% Zn and 120.64 g/t Ag. Hole 1274-26-385, 4.5 km north, returned 332 g/t Ag and 0.83 g/t Au over 1.0 m. Three of seven priority targets have been tested with four holes; follow-up drilling is planned for winter 2027.

Drilling at the Gold Rock project in the Dryden District of Northwestern Ontario identified two new gold-bearing structures: Elora 2, between the Elora and Big Master systems at 250-500 metres true depth, and a structure at the Paymaster target. DGR-060C returned 3.38 g/t gold over 4.30 metres, including 19.90 g/t over 0.50 metres, while DGR-065 returned 2.12 g/t over 1.02 metres, 500 metres along strike. Paymaster extends the mineralized footprint from 500 to 750 metres.

Diamond drill hole NBDD088 at the Nyam Gold Deposit, part of the Enchi Gold Project in Ghana, intersected 3.67 g/t Au over 25.3 m from 307.7 m, the highest grade-thickness intercept drilled to date at Nyam. Other results include 1.26 g/t Au over 18.0 m from 300.0 m in NBDD091 and 1.18 g/t Au over 14.0 m from 186.0 m in NBDD087. The release covers 5 diamond holes totalling 1,489 m, not included in the March 18, 2026 Mineral Resource Estimate or the Pre-Feasibility Study.

Drilling at the MEPS Zone of the Soo Copper Project near Batchewana Bay, Ontario returned 497.55 m grading 0.41% CuEq from 4.0 m in hole SC-26-10, including 358 m at 0.50% CuEq and 8.50 m at 4.74% CuEq. The same hole cut a molybdenite-rich breccia below the copper zone, 57 m grading 0.81% CuEq (1,077 ppm Mo). SC-26-11 returned 317.2 m at 0.25% CuEq and SC-26-12 returned 477 m at 0.23% CuEq. Roughly 16,000 m of a minimum 20,000 m program is complete.

Infill drilling at the South Zone deposit on the Shovelnose gold property in southern British Columbia returned 27.51m grading 14.47 g/t Au and 52.3 g/t Ag and 16.80m at 4.63 g/t Au in hole SNR26-99, 30.76m at 3.31 g/t Au and 21.3 g/t Ag in SNR26-114, and 0.52m at 200 g/t Au and 141 g/t Ag in SNR26-113. The 35,000m program is 66% complete, with 73 holes (23,184m) drilled and a fifth rig starting a 15,000m exploration program.

A non-brokered private placement closed with the issuance of 22,337,664 common shares at $0.85 per share for gross proceeds of $18,987,000, comprising 16,642,352 shares to Predictive Discovery ($14,146,000, about 11.8%) and 5,695,312 shares to Fortuna Mining ($4,841,000, taking Fortuna to 20,732,905 shares, about 14.7%). Proceeds will primarily fund exploration on Awalé's 100%-owned properties at the Odienné Project in Côte d'Ivoire, leaving over $35 million in cash. Newmont may subscribe for up to 14,761,167 additional shares under its participation right; final TSXV acceptance is pending.

First drilling at the Nitra Gold Project, about 25 km west of the AurMac Deposit in Yukon's Mayo Mining District, returned 1.62 g/t gold over 5.0 m, including 17.80 g/t over 0.4 m, from hole NT-26-001 at the newly identified Roaring Fork zone; assays cover only the top 285 m, with the remainder plus NT-26-002 and NT-26-006 pending. Visible gold was logged in hole NT-26-006 at the Seattle Creek zone, 5 km north. The program will drill over 7,500 metres testing 11 targets, with a third drill mobilizing.

Assay results from 14 additional holes in the Phase II 20,000-metre drill program at the 100%-owned Claudia Silver-Gold Project in Durango, Mexico, outlined a new mineralized shoot north of the historical Aguilareña shaft, with hole 26CLAU115D returning 4.44 m (estimated true width) at 8.00 g/t Au and 65 g/t Ag from 65.85 m, including 0.63 m at 37.40 g/t Au, and hole 26CLAU112D returning 2.54 m at 1.41 g/t Au and 866 g/t Ag. As of July 27, 16,278 m have been drilled in 71 holes, with completion expected in Q3 2026 and active rigs increased from two to three.

A non-brokered private placement of 22,337,664 common shares at $0.85 per share closed for gross proceeds of $18,987,000, with Predictive Discovery taking 16,642,352 shares ($14,146,000, about 11.8%) and Fortuna Mining 5,695,312 shares ($4,841,000, bringing it to 14.7%). Proceeds will fund exploration on Awalé's 100%-owned properties at the Odienné Project in Côte d'Ivoire; the company now holds over $35 million in cash and 141,334,595 shares outstanding. Newmont may subscribe for up to 14,761,167 additional shares for up to $12,546,992; final TSXV acceptance is pending.

Federal and state approvals from the US Bureau of Land Management and the Colorado Division of Reclamation, Mining and Safety have been received for up to 30 diamond drill holes at the 100%-owned Cross Bones Uranium Project in Moffat and Rio Blanco Counties, Colorado, with permits valid through June 2028. Phase I of 4-6 holes twinning 1977-78 Anschutz and Ashland holes is expected to start in the fall once a drilling contractor is selected, with Phase II to follow results.

A non-brokered private placement of up to 10 million units at $0.12 per unit for gross proceeds of up to $1.2 million was proposed, with each unit comprising one share and one warrant exercisable at $0.20 for 12 months, to fund exploration at the Tierra Roja copper and Jonco silver projects in Peru; the placement is subject to TSX Venture Exchange approval. Radius also updated on its 35% interest in Amalia, Mexico and 40% interest in Holly, Guatemala, where the Peña vein hosts an Inferred Resource of 1.32 Mt at 6.46 g/t Au and 256 g/t Ag.

Drilling is complete at the wholly owned Victoria Ni/Cu/Co open pit polymetallic deposit, with visual mineralization intersected in all three holes, each representing a down-dip continuation of mineralization at two locations outside the Victoria MRE. The final hole, SUR-26-60, undercut SUR-21-26, SUR-21-27 and SUR-21-28; SUR-21-28 previously assayed 170.55m of 0.16% Ni and 100.2 ppm Co from 40.9 to 211.45m, including 1.5m of 3.46% Ni and 491 ppm Co. Samples have been delivered to the lab, with assays to follow.

Assay results from ten diamond drill holes (26-DH-1381 to 26-DH-1390) at the Spanish Mountain Gold project in the Cariboo Gold Corridor, British Columbia, include 252.30 m of 0.82 g/t gold from 75.50 m in hole 26-DH-1390, containing 93.50 m of 1.32 g/t gold, plus 346.70 m of 0.36 g/t gold in 26-DH-1381 and 93.0 m of 0.60 g/t gold in 26-DH-1386. About 18,500 m of the planned 60,000 m 2026 Feasibility Drill Program is complete, with results pending for 16 holes; the feasibility study is targeted for early 2028.

Infill reverse circulation 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 gold over 18.0 metres from 30.0 metres in RC-26-102, from 72 holes totalling 3,420 metres in the West pit. The program has been expanded from about 30,000 metres to 40,000 metres and is roughly 62% complete, continuing into Q4 2026. NexGold will also issue 800,833 shares at $1.1939 to Sprott Streaming to settle a US$675,000 royalty payment.

Initial results from a reverse circulation infill drill program at the Goldboro Gold Project in Nova Scotia returned 61.22 g/t gold over 12.0 metres (18.0–30.0 m), including 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. Results cover 3,265 m from 82 RC holes within a program of up to 30,000 metres in 600 holes at 12.5-metre spacing to 50 metres depth. An updated Feasibility Study is expected in Q3 2026, with an investment decision later this year.