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Fortuna Establishes Presence in the Guyana Shield Through Quartzstone Earn-In Agreement
Jorge A. Ganoza, President and CEO of Fortuna, commented, "We are excited to establish a presence in the Guyana Shield, a highly prospective region with a strong history of gold discoveries." Mr. Ganoza continued, "The Quartzstone Project, where historical drilling has identified multiple high grade zones of near-surface gold mineralization, is located in a prolific exploration camp, and this transaction provides Fortuna with a staged path to unlock its potential through systematic exploration and drilling."
Previous Drill Highlights
A total of 183 diamond core drill holes, comprising 23,190 meters, were completed between 2010 and 2017. Drilling along a five-kilometer corridor identified multiple zones of high grade near-surface gold mineralization. Drill highlights include:
DQS-016: 27.78 g/t Au over a width of 5.6 meters from 23.0 meters, including
41.10 g/t Au over a width of 1.1 meters from 25.6 meters and
89.90 g/t Au over a width of 1.0 meter from 26.7 meters
DQS-043: 4.31 g/t Au over a width of 12.7 meters from 42.7 meters, including
15.58 g/t Au over a width of 1.6 meters from 44.6 meters and
12.45 g/t Au over a width of 1.3 meters from 54.1 meters
DQS-052: 12.65 g/t Au over a width of 4.0 meters from 51.6 meters
DQS-057: 15.93 g/t Au over a width of 13.2 meters from 92.2 meters, including
74.72 g/t Au over a width of 1.0 meter from 94.9 meters and
81.96 g/t Au over a width of 1.0 meter from 95.9 meters
DQS-070: 10.13 g/t Au over a width of 5.0 meters from 105 meters, including
19.33 g/t Au over a width of 2.0 meters from 105 meters, and
16.63 g/t Au over a width of 1.0 meter from 108 meters
DQS-071: 10.82 g/t Au over a width of 6.7 meters from 89.2 meters, including
37.84 g/t Au over a width of 0.8 meters from 94.2 meters
DQS-088: 9.91 g/t Au over a width of 13.1 meters from 242.7 meters, including
101.58 g/t Au over a width of 1.0 meter from 246.7 meters
Refer to Appendix 1 for full details of the drill holes and assay results for this historical program.
Project location and geological setting
Figure 1: Location of Quartzstone Project, Guyana
The Quartzstone Project is located approximately 120 kilometers west of Georgetown and 35 kilometers northwest of G Mining's Oko West project (refer to Figure 1). The Project hosts an orogenic gold system along the contact between a granitoid complex and Lower Proterozoic greenstone rocks within the Guyana Shield, a geological setting known for significant gold deposits.
Local geology comprises granitoids, metavolcanic, and metasedimentary rocks, cut by a west-dipping, north-south striking thrust and shear zone that extends over 26 kilometers. Gold mineralization is hosted in quartz-tourmaline-carbonate veins and breccias within a high-strain corridor up to 100 meters wide along the principal north-south shear and associated northeast-trending structures. Drilling to date has tested only approximately 5 kilometers of the 26 kilometer shear zone within the concession area. Several geochemical anomalies along northeast-southwest trending cross-structures also remain untested and will be prioritized by the exploration program.
Planned Exploration
Fortuna's initial exploration program, budgeted at approximately US$5.5 million, will focus on advancing priority targets already defined at Quartzstone, while generating additional targets along the highly prospective 26 kilometer main shear zone. Planned work includes airborne magnetic surveys to develop a detailed structural framework, supported by high-resolution satellite imagery and digital elevation modelling. Field programs will include infill geochemical sampling, auger drilling, and detailed geological and regolith mapping over prospective geophysical targets and known anomalous areas. An initial 5,000 meter diamond drilling program is planned to test historical targets and workings, as well as priority structural corridors along the main contact and northeast-trending intersections.
Earn-in Agreement Terms
Fortuna may earn an initial 51% interest in the Quartzstone Project by completing a minimum of 60,000 meters of drilling within four years, while paying all license fees and funding all related expenditures. Upon exercise of the first option, Fortuna will form a joint venture with Qstone.
Fortuna may earn an additional 19% interest in the Quartzstone Project, for an aggregate 70% interest, by solely funding a feasibility study within three years of exercising the first option and continuing to pay all license fees. Upon signing the Earn-In Agreement, the Company paid Qstone a non-refundable cash option premium of US$5 million.
In addition to royalties payable to the State on gold production, the Quartzstone Project is subject to a 4.5% net smelter returns royalty in favour of a prior owner, which may be repurchased at a price to be determined by the parties at any time.
Quality Assurance & Quality Control for previous exploration drill program
All diamond drilling (DD) drill holes started with PQ sized diameter (85 mm core), before reducing to HQ diameter (63.5 mm core) diamond drill bits on intersecting fresh rock. The core was logged, marked up for sampling using standard lengths of one meter or to a geological boundary. Samples were then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the core yard at the project site. The other half was sampled, catalogued, and placed into sealed bags and securely stored at the site until shipment.
All DD samples were prepared by WBDG at the in-house sample preparation facility at the Quartzstone camp where samples were dried and crushed to 95% passing a 10-mesh screen. Following crushing, samples were riffled to 500 gram and pulverised to 80% passing a 150-mesh screen to produce a final 50-gram pulp sample.
Prior to 2013, pulps were securely transported to either Loring Laboratories Ltd., in Georgetown, Guyana, or Acme laboratory located in Santiago, Chile, for assay analysis. Samples were analyzed by fire assay using 50 gram sample charge with atomic absorption spectroscopy finish. If the result was >1.0 g/t Au the sample was re-assayed by fire assay with gravimetric finish.
The 2013 exploration program used the Acme Laboratory in Abidjan, Ivory Coast, and ALS Laboratory in Lima, Peru. Acme assayed samples using the bulk leach extractable gold method with solvent residue assayed using a standard fire assay with atomic absorption spectroscopy finish using 50 gram sample charges. ALS used gold by bulk extended leach cyanide using 1 kilogram sample charges.
Since 2015 Activation Laboratories Canada (Actlabs), with a laboratory in Georgetown, Guyana, used for analysis by fire assay with gravimetric finish and leachwell 500 gram sample charges. In 2016 Actlabs were used for re-analysis of rejects by leachwell 500 gram sample charges. The 2017 drilling was analyzed at Actlabs in Georgetown, Guyana, by metallic screens and fire assay with gravimetric finish.
Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream. In addition, the laboratories inserted their own quality control samples.
Qualified Person
Paul Weedon, Senior Vice President, Exploration for Fortuna Mining Corp., is a Qualified Person as defined by National Instrument 43-101 being a member of the Australian Institute of Geoscientists (Membership #6001). Mr. Weedon has reviewed and approved the scientific and technical information contained in this news release. Mr. Weedon conducted a site visit to the Quartzstone Project in June 2025, where mineralized intervals of drill core were examined; surface exposures of mineralization were visited, and discussions held with geology staff regarding historical sampling and analytical techniques underlying the drilling data. To further verify the data, original assay certificates were compared to the database and independent sampling of core was performed that confirmed the presence of gold in randomly selected mineralized intervals. There were no limitations to the verification process.
About Fortuna Mining Corp.
Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina, Cote d'Ivoire, Mexico, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.com.
ON BEHALF OF THE BOARD
Jorge A. Ganoza
President, CEO, and Director
Fortuna Mining Corp.
Investor Relations:
Carlos Baca | info@fmcmail.com | fortunamining.com | X | LinkedIn | YouTube | Instagram | TikTok
Forward looking Statements
This news release contains forward-looking statements which constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (collectively, "Forward-looking Statements"). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, statements pertaining to the ability of Fortuna to satisfy the conditions to earn an initial 51% interest, and an additional 19% interest, in the Quartzstone Project; statements regarding the ability to acquire the 4.5% NSR; statements regarding the Company's proposed initial exploration program, including planned drilling, camp and access upgrades, and other work; statements about the Company's business strategies, plans and outlook; the Company's plans for its mines and mineral properties; changes in general economic conditions and financial markets; the impact of inflationary pressures on the Company's business and operations; the future results of exploration activities; expectations with respect to metal grade estimates and the impact of any variations relative to metals grades experienced; assumed and future metal prices; the merit of the Company's mines and mineral properties; and the future financial or operating performance of the Company. Often, but not always, these Forward-looking Statements can be identified by the use of words such as "estimated", "potential", "open", "future", "assumed", "projected", "proposed", "used", "detailed", "has been", "gain", "planned", "reflecting", "will", "anticipated", "estimated" "containing", "remaining", "to be", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.
Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, operational risks associated with mining and mineral processing; uncertainty relating to Mineral Resource and Mineral Reserve estimates; uncertainty relating to capital and operating costs, production schedules and economic returns; risks relating to the Company's ability to replace its Mineral Reserves; risks related to the conversion of Mineral Resources to Mineral Reserves; risks associated with mineral exploration and project development; uncertainty relating to the repatriation of funds as a result of currency controls; environmental matters including obtaining or renewing environmental permits and potential liability claims; uncertainty relating to nature and climate conditions; laws and regulations regarding the protection of the environment (including greenhouse gas emission reduction and other decarbonization requirements and the uncertainty surrounding the interpretation of omnibus Bill C-59 and the related amendments to the Competition Act (Canada); risks associated with political instability and changes to the regulations governing the Company's business operations; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in countries in which the Company does or may carry on business; risks associated with war, hostilities or other conflicts, such as the Ukrainian - Russian, Iran - Israel and US, Israel - Hamas conflicts, and the impacts they may have on global economic activity; risks relating to the termination of the Company's mining concessions in certain circumstances; developing and maintaining relationships with local communities and stakeholders; risks associated with losing control of public perception as a result of social media and other web-based applications; potential opposition to the Company's exploration, development and operational activities; risks related to the Company's ability to obtain adequate financing for planned exploration and development activities; property title matters; risks related to the ability to retain or extend title to the Company's mineral properties; risks relating to the integration of businesses and assets acquired by the Company; impairments; risks associated with climate change legislation; reliance on key personnel; adequacy of insurance coverage; operational safety and security risks; legal proceedings and potential legal proceedings; uncertainties relating to general economic conditions; risks relating to a global pandemic, which could impact the Company's business, operations, financial condition and share price; competition; fluctuations in metal prices; risks associated with entering into commodity forward and option contracts for base metals production; fluctuations in currency exchange rates and interest rates; tax audits and reassessments; risks related to hedging; uncertainty relating to concentrate treatment charges and transportation costs; sufficiency of monies allotted by the Company for land reclamation; risks associated with dependence upon information technology systems, which are subject to disruption, damage, failure and risks with implementation and integration; labor relations issues; as well as those factors discussed under "Risk Factors" in the Company's Annual Information Form for the fiscal year ended December 31, 2025. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including, but not limited to, the accuracy of the Company's current Mineral Resource and Mineral Reserve estimates; that the Company's activities will be conducted in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company, its properties or its production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing, and recovery rate estimates and may be impacted by unscheduled maintenance, labor and contractor availability and other operating or technical difficulties); the duration and effect of global and local inflation; the duration and impacts of geo-political uncertainties on the Company's production, workforce, business, operations and financial condition; the expected trends in mineral prices, inflation and currency exchange rates; that all required approvals and permits will be obtained for the Company's business and operations on acceptable terms; that there will be no significant disruptions affecting the Company's operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events, or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.
Cautionary Note to United States Investors Concerning Estimates of Reserves and Resources
All reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian company of scientific and technical information concerning mineral projects. All Mineral Reserve and Mineral Resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves. Canadian standards, including NI 43-101, differ significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in this news release may not be comparable to similar information disclosed by U.S. companies.
Appendix 1: Quartzstone historical program drill holes and assay results
HoleID Easting (PSAD56_21N) Northing (PSAD56_21N) Elev. EOH1,2 Depth (m) UTM Azimuth Dip Depth2 From Depth2,3 Drilled2,4 Au (g/t) Hole Type5 Area
(m) (m) To (m) Width (m)
1-1 248485.93 727799.3 97.15 160.6 132 -60 46.30 47.10 0.80 6.00 DD South West
1-1 72.30 77.80 5.50 0.81 DD South West
1-2 248435.21 727842.85 112.02 160.8 132 -60 NSI DD South West
124-1 251490.52 731180.19 151.17 170 90 -60 NSI DD Soddam North
1-3 248545.58 727747.63 101.86 160.6 132 -60 62.80 65.80 3.00 0.67 DD South West
162-1 251706.09 734956.64 105.01 200 90 -60 NSI DD Zone 164
164-1 251677.76 735185.91 122.91 64 60 -60 NSI DD Zone 164
164-2 251853.97 735258.29 92.74 61.6 270 -60 NSI DD Zone 164
164-3 251909.89 735258.04 90.29 113 270 -60 NSI DD Zone 164
164-4 251562.46 735188.93 132.63 50 90 -60 20.50 21.50 1.00 7.84 DD Zone 164
164-5 251540.36 735188.44 134.01 180 90 -60 42.00 50.60 8.60 0.92 DD Zone 164
164-5 80.60 81.60 1.00 6.50 DD Zone 164
164-5 134.00 134.70 0.70 5.28 DD Zone 164
164-5 156.60 166.60 10.00 1.67 DD Zone 164
164-5 including 163.50 164.20 0.70 10.44 DD Zone 164
164-6 251907.73 735088.1 98.01 210 270 -60 NSI DD Zone 164
168-1 250712.52 734737.25 190.14 150 0 -90 NSI DD Regional
168-2 251271.39 734940.91 210.36 150 0 -90 NSI DD Regional
169-1 251296.38 735680.67 162.03 133.5 0 -90 NSI DD Main Pit
169-2 251225.56 735675.85 184.98 81.9 90 -60 NSI DD Main Pit
169-3 251477.76 735665.07 105.07 120 90 -60 NSI DD Main Pit
169-4 251319.08 735660.89 155.55 200 93 -60 NSI DD Main Pit
169-5 251310.67 735717.12 151.35 210 105 -60 131.60 134.60 3.00 0.62 DD Main Pit
172-1 251934.1 735934.22 101.05 100 270 -60 NSI DD Regional
172-2 251218.81 735942.28 165.48 211.5 90 -60 NSI DD Main Pit
180-1 251603.27 736764.44 119.42 176.3 90 -60 66.90 74.00 7.10 0.87 DD Blue South
180-2 251453.3 736759.74 130.53 210 90 -60 NSI DD Blue South
180-3 251719.28 736776.34 104.74 150.7 270 -60 NSI DD Blue South
184-1 251812.35 737168.4 101.78 227 90 -60 NSI DD Blue Pit
184-2 251892.61 737159.57 109.2 150 90 -60 0.00 6.50 6.50 3.87 DD Blue Pit
184-2 including 3.50 4.20 0.70 20.70 DD Blue Pit
184-3 251629.92 737171.91 106.07 182 90 -60 NSI DD Blue Pit
184-4 251704.07 737171.11 86.27 180.2 90 -60 NSI DD Blue Pit
184-6 251992.22 737168.7 90.42 110 270 -60 NSI DD Blue Pit
190-1 252090.47 737729.98 89.76 205 90 -60 NSI DD Intermediate
192-1 252345.49 737965.12 90.92 201 260 -60 NSI DD Intermediate
196-1 251798.66 738367.11 88.81 161 90 -60 NSI DD Eikle
196-2 251710.39 738367.34 112.11 209 90 -60 NSI DD Eikle
196-3 252144.73 738368.56 103.71 239 270 -60 6.50 9.50 3.00 2.32 DD Eikle
196-3 117.00 122.50 5.50 0.83 DD Eikle
196-3 including 117.00 117.50 0.50 5.13 DD Eikle
196-4 252223.95 738367.21 93.46 167 270 -60 NSI DD Eikle
196-5 252063.75 738365.43 121.3 185 270 -60 3.00 4.00 1.00 8.20 DD Eikle
196-5 52.50 53.00 0.50 28.40 DD Eikle
196-5 127.50 128.00 0.50 6.63 DD Eikle
197-1 251845.41 738474.78 87.23 95 90 -60 NSI DD Eikle
197-2 252077.65 738430.53 104.85 130 260 -60 4.00 7.00 3.00 0.95 DD Eikle
197-3 252149.1 738435.35 102.82 245 260 -60 63.80 65.00 1.20 5.20 DD Eikle
197-3 207.50 208.80 1.30 6.10 DD Eikle
198-1 251844.59 738556.69 90.46 179 90 -60 NSI DD Eikle
198-10 251902.05 738553.15 106.2 40.1 90 -60 NSI DD Eikle
198-11 251894.77 738590.02 107.19 50.4 90 -60 NSI DD Eikle
198-2 251769.13 738548.84 98.61 200 90 -60 87.00 90.00 3.00 1.22 DD Eikle
198-2 103.00 106.00 3.00 10.63 DD Eikle
198-2 including 105.00 106.00 1.00 15.90 DD Eikle
198-2 117.00 121.00 4.00 4.09 DD Eikle
198-2 including 120.00 121.00 1.00 15.10 DD Eikle
198-3 251691.33 738540.79 84.34 221 90 -60 NSI DD Eikle
198-4 251622.14 738539.51 84.93 260 90 -60 NSI DD Eikle
198-5 252131.79 738548.22 98.14 200 270 -60 NSI DD Eikle
198-6 252049.57 738551.3 89.1 179 270 -60 NSI DD Eikle
198-7 251535.84 738548.09 98.1 130 90 -60 NSI DD Eikle
198-8 251449.61 738555.44 109.37 190 90 -60 NSI DD Eikle
198-9 251893.31 738507.63 105.66 45.1 90 -60 NSI DD Eikle
199-1 251874.94 738644.74 118.26 89 90 -60 NSI DD Eikle
199-2 251907.45 738644.86 119.08 145 90 -60 NSI DD Eikle
200-1 251865.58 738771.43 91.14 152 90 -60 59.00 64.25 5.25 0.76 DD Eikle
200-2 251784.8 738765.72 96.85 167 90 -60 145.60 146.10 0.50 9.77 DD Eikle
200-3 251650.63 738763.53 121.69 248 90 -60 235.00 236.50 1.50 8.54 DD Eikle
200-4 252010.14 738771.06 99.79 148 270 -60 NSI DD Eikle
2-1 248662.96 727975.56 127.22 160.6 132 -60 NSI DD South West
2-2 248614.65 728019.66 116.62 160 132 -60 NSI DD South West
2-3 248705.71 727933.71 127.36 160.6 132 -60 14.40 19.20 4.80 1.12 DD South West
3-1 248816.6 728167.78 119.29 160.6 132 -60 31.10 35.30 4.20 0.66 DD South West
3-2 248764.59 728216.67 108.95 160.6 132 -60 NSI DD South West
3-3 248871.28 728116.78 130.09 160 132 -60 NSI DD South West
54-1 251419.14 724166.05 118.43 199 90 -60 NSI DD Barrakad
64-1 251324.23 725170.27 108.58 166 90 -60 NSI DD Barrakad
64-2 251240.42 725164.29 109.63 226 90 -60 NSI DD Barrakad
70-1 251258.07 725762.86 124.54 100 90 -60 NSI DD Barrakad
70-2 251164.28 725765.92 123.17 150 90 -60 NSI DD Barrakad
BC-1-1 252388.87 723711.5 90.26 150 225 -60 NSI DD Barrakad
BC-1-2 252336.79 723658.51 90.15 151 225 -60 NSI DD Barrakad
BC-1-2A 252342.22 723660.43 89.37 48 225 -60 NSI DD Barrakad
BC-2-1 252367.54 724109.2 109.97 114.55 225 -60 NSI DD Barrakad
BC-2-2 252328.84 724071.7 113.51 185 225 -60 NSI DD Barrakad
BC-2-3 252271.96 724013.81 107.12 165 225 -60 NSI DD Barrakad
BC-2-4 252214.43 723956.57 92.55 225 225 -60 210.50 211.00 0.50 14.50 DD Barrakad
BC-2-5 252135.46 723877.81 95.11 150 225 -60 NSI DD Barrakad
BC-2-6 252130.65 723871.62 95.3 120 45 -60 NSI DD Barrakad
DQS-001 251840.99 737172.83 106.59 65 118 -60 51.90 56.40 4.50 0.67 DD Blue Pit
DQS-002 251864.9 737206.01 96.13 50 118 -60 NSI DD Blue Pit
DQS-003 251796.36 737196.94 103.02 110 118 -60 88.80 89.80 1.00 8.87 DD Blue Pit
DQS-004 251820.38 737140.42 97.55 65 118 -60 NSI DD Blue Pit
DQS-005 251845.12 737127.8 98.71 35 118 -60 NSI DD Blue Pit
DQS-006 251889.53 737193.31 99.06 39 118 -60 12.00 15.00 3.00 0.78 DD Blue Pit
DQS-007 251886.57 738525.13 100.62 50 90 -60 32.10 40.10 8.00 1.68 DD Eikle
DQS-007 including 38.30 39.00 0.70 9.54 DD Eikle
DQS-008 251885.22 738486.99 103.64 40.5 90 -60 NSI DD Eikle
DQS-009 251877.72 738567.19 99.25 59.2 90 -60 35.80 46.50 10.70 1.16 DD Eikle
DQS-009 including 37.50 38.20 0.70 7.90 DD Eikle
DQS-010 251842.69 738525.5 87.89 80.6 90 -60 27.70 33.50 5.80 2.00 DD Eikle
DQS-010 including 31.20 31.90 0.70 7.85 DD Eikle
DQS-010 40.40 41.00 0.60 12.73 DD Eikle
DQS-011 251837.3 738567.63 92.34 89 90 -60 NSI DD Eikle
DQS-012 251878.57 738615.14 112.99 76.6 90 -60 53.70 59.60 5.90 3.69 DD Eikle
DQS-012 including 53.70 54.60 0.90 10.30 DD Eikle
DQS-013 251832.72 738615.03 113.14 108 90 -60 71.50 79.50 8.00 3.59 DD Eikle
DQS-013 including 72.50 73.50 1.00 14.60 DD Eikle
DQS-014 251743.78 738590.05 90.41 151.6 90 -60 128.40 129.40 1.00 13.50 DD Eikle
DQS-015 251686.8 738638.67 109.15 200 90 -60 157.90 161.20 3.30 7.12 DD Eikle
DQS-015 including 158.90 159.60 0.70 25.90 DD Eikle
DQS-016 251664.7 736778.03 112.4 45 90 -60 23.00 28.60 5.60 27.78 DD Blue South
DQS-016 including 25.60 26.70 1.10 41.10 DD Blue South
DQS-016 and 26.70 27.70 1.00 89.90 DD Blue South
DQS-017 251672.4 736816.93 106.15 45 90 -60 23.40 24.10 0.70 7.55 DD Blue South
DQS-018 251667.79 736740.62 120.67 36 90 -60 15.60 26.10 10.50 1.07 DD Blue South
DQS-019 251572.96 736957.17 103.54 115.6 90 -60 NSI DD Blue South
DQS-020 251896.18 737368.37 99.4 36 90 -60 NSI DD Blue South
DQS-021 251327.36 735783.21 121.78 150 108 -60 91.60 94.60 3.00 12.48 DD Main Pit
DQS-021 including 91.60 92.60 1.00 29.56 DD Main Pit
DQS-022 251479.42 736333.26 147.23 55 90 -60 33.50 40.50 7.00 0.87 DD Zone 176-3
DQS-023 251484.73 736371.3 151.86 90 90 -60 19.40 26.10 6.70 0.75 DD Zone 176-3
DQS-024 251481.03 736411.19 167.21 60 90 -60 NSI DD Zone 176-3
DQS-025 251413.82 736329.07 157.34 100 90 -60 NSI DD Zone 176-3
DQS-026 251410.8 736368.09 164.54 115.6 90 -60 91.10 94.20 3.10 1.33 DD Zone 176-3
DQS-027 251475.45 736449.2 176.6 60 90 -60 NSI DD Zone 176-3
DQS-028 251469.45 736288.22 150.95 61.4 90 -60 NSI DD Zone 176-3
DQS-029 251411.16 736412.63 173.7 112.5 90 -60 99.80 103.90 4.10 0.50 DD Zone 176-3
DQS-030 251685.67 736329.09 105.26 54 90 -60 NSI DD Zone 176-3
DQS-031 251659.84 735205.27 117.94 120 90 -60 NSI DD Zone 164
DQS-032 251543.3 735212.55 124.72 61.5 90 -60 37.00 40.20 3.20 1.81 DD Zone 164
DQS-033 251514.18 735252.2 131.73 97.6 90 -60 87.60 90.60 3.00 1.14 DD Zone 164
DQS-034 251550.23 735145.14 144.01 65.2 90 -60 40.50 47.30 6.80 1.55 DD Zone 164
DQS-035 251558.94 735108.26 151.17 57 90 -60 NSI DD Zone 164
DQS-036 251558.38 735070.33 149.96 60 90 -60 38.00 40.00 2.00 9.46 DD Zone 164
DQS-037 251546.7 735025.63 145.68 60 90 -60 NSI DD Zone 164
DQS-038 251589.5 734064.43 207.52 75 90 -60 NSI DD Zone 153
DQS-039 251587.67 734099.08 203.33 60 90 -60 NSI DD Zone 153
DQS-040 251598.1 734022.55 208.51 60 90 -60 NSI DD Zone 153
DQS-041 251601.2 734186.12 186.63 60 90 -60 NSI DD Zone 153
DQS-042 251618.73 733939.69 201.38 56.2 90 -60 NSI DD Zone 153
DQS-043 251603.74 733976.64 205.08 66 90 -60 42.70 55.40 12.70 4.31 DD Zone 153
DQS-043 including 44.60 46.20 1.60 15.58 DD Zone 153
DQS-043 and 54.10 55.40 1.30 12.45 DD Zone 153
DQS-044 251608.46 733891.62 197.83 65 90 -60 NSI DD Zone 153
DQS-045 251623.28 736823.07 107.56 70.6 90 -60 47.40 55.90 8.50 3.15 DD Blue South
DQS-045 including 53.00 54.00 1.00 11.49 DD Blue South
DQS-046 251601.25 736784.64 112.77 85 90 -60 NSI DD Blue South
DQS-047 251593.07 736739.11 125.46 90.4 90 -60 74.60 78.20 3.60 7.88 DD Blue South
DQS-047 including 75.60 77.60 2.00 13.38 DD Blue South
DQS-048 251666.6 736656.91 142.57 56 90 -60 NSI DD Blue South
DQS-049 251660.13 736697.68 132.21 55 90 -60 27.60 28.60 1.00 5.17 DD Blue South
DQS-049 34.30 38.30 4.00 1.99 DD Blue South
DQS-050 251650.55 736620.72 154.4 75 90 -60 NSI DD Blue South
DQS-051 251659.9 736582.35 154.21 60.1 90 -60 NSI DD Blue South
DQS-052 251609.1 736861.71 96.69 80 90 -60 51.60 55.60 4.00 12.65 DD Blue South
DQS-053 251532.13 736961.69 110.38 106.6 90 -60 NSI DD Blue South
DQS-054 251614.74 736894.97 91.74 75 90 -60 49.70 58.40 8.70 4.84 DD Blue South
DQS-054 including 49.70 51.50 1.80 9.94 DD Blue South
DQS-054 and 52.90 53.70 0.80 13.05 DD Blue South
DQS-055 251625.84 736999.57 102.82 75 90 -60 NSI DD Blue South
DQS-056 251649.31 736896.44 97.81 50 90 -60 NSI DD Blue South
DQS-057 251339.48 735818.75 118.14 140 100 -60 92.20 105.40 13.20 15.93 DD Main Pit
DQS-057 including 94.90 95.90 1.00 74.72 DD Main Pit
DQS-057 and 95.9 96.9 1.00 81.96 DD Main Pit
DQS-057 110.10 116.40 6.30 0.77 DD Main Pit
DQS-058 251359.25 735865.4 125.67 132 90 -60 101.80 113.70 11.90 0.45 DD Main Pit
DQS-059 251477.73 735208.09 158.23 110 90 -60 94.10 97.30 3.20 0.64 DD Zone 164
DQS-060 251480.73 735150.39 169.93 129 90 -60 NSI DD Zone 164
DQS-061 251489.83 735109.5 177.54 130.6 90 -60 87.80 92.20 4.40 1.15 DD Zone 164
DQS-062 251792.3 734956.42 96.15 70.6 270 -60 NSI DD Main South
DQS-063 251771.43 734876.66 112.15 79.6 270 -60 NSI DD Main South
DQS-064 251645.32 730918.31 119.19 76.6 270 -60 2.80 6.50 3.70 4.31 DD Soddam North
DQS-064 including 4.80 5.70 0.90 8.28 DD Soddam North
DQS-065 251579.09 731180.07 125.77 80 280 -60 NSI DD Soddam North
DQS-066 251623.71 735486.72 114.93 74 0 -60 NSI DD Camp
DQS-067 251330.18 735816.26 118.6 235.5 0 -90 135.60 139.30 3.70 0.63 DD Main Pit
DQS-068 251321.63 735783.25 121.89 149 0 -80 NSI DD Main Pit
DQS-069 251608.8 736871.17 96.35 105.5 0 -90 77.10 77.80 0.70 6.36 DD Blue South
DQS-070 251583.2 736739.3 125.59 128 0 -90 105.00 110.00 5.00 11.13 DD Blue South
DQS-070 including 105.00 107.00 2.00 19.33 DD Blue South
DQS-070 and 108.00 109.00 1.00 16.63 DD Blue South
DQS-071 251599.37 736819.93 104.84 104 0 -90 89.20 95.90 6.70 10.82 DD Blue South
DQS-071 including 94.20 95.00 0.80 37.84 DD Blue South
DQS-072 251687.04 738648.97 109.69 323 0 -90 269.00 275.00 6.00 0.97 DD Eikle
DQS-073 251650.07 738773.92 122.63 400 0 -90 NSI DD Eikle
DQS-074 251885.34 737730.36 84.19 62 90 -60 NSI DD Mango Tree
DQS-075 251519.36 736824.08 103.64 179.6 0 -90 NSI DD Blue South
DQS-076 251518.32 736829.81 103.7 242 270 -70 NSI DD Blue South
DQS-077 251352.1 735869.66 125.72 167.3 0 -90 142.20 146.30 4.10 4.72 DD Main Pit
DQS-077 including 145.30 146.30 1.00 16.30 DD Main Pit
DQS-078 251362.02 735916.5 135.86 173 100 -60 NSI DD Main Pit
DQS-079 251360.75 735916.71 135.8 242 0 -90 NSI DD Main Pit
DQS-080 251313.29 735864.27 121.07 164 100 -60 142.50 146.50 4.00 1.76 DD Main Pit
DQS-081 251366.29 735782.52 110.45 90 100 -60 66.80 72.80 6.00 1.15 DD Main Pit
DQS-081 77.50 80.60 3.10 4.52 DD Main Pit
DQS-081 including 78.30 79.00 0.70 15.95 DD Main Pit
DQS-083 251222.6 735785 161.3 260 90 -75 NSI DD Main Pit
DQS-084 251392.32 735814.29 108.15 89 90 -60 67.40 75.10 7.70 9.04 DD Main Pit
DQS-084 including 70.20 71.20 1.00 46.44 DD Main Pit
DQS-085 251426.89 735637.84 106.31 60 0 -60 NSI DD Main Pit
DQS-086 251422.32 735639.82 106.25 60 330 -60 37.80 41.90 4.10 6.66 DD Main Pit
DQS-086 including 38.80 39.80 1.00 22.48 DD Main Pit
DQS-087 251243.76 735867.83 144.3 230 90 -70 200.00 208.00 8.00 0.84 DD Main Pit
DQS-088 251242.92 735867.88 144.24 281 0 -90 222.10 223.10 1.00 12.36 DD Main Pit
DQS-088 230.00 237.60 7.60 1.64 DD Main Pit
DQS-088 including 236.70 237.60 0.90 7.47 DD Main Pit
DQS-088 242.70 255.80 13.10 9.91 DD Main Pit
DQS-088 including 246.70 247.70 1.00 101.58 DD Main Pit
DQS-089 251427.9 735830.5 106.2 62 90 -60 37.70 40.80 3.10 1.99 DD Main Pit
DQS-090-1 251909.11 738611.97 114.25 45 90 -60 20.80 30.60 9.80 0.96 DD Eikle
DQS-091 251899.17 738588.18 107.06 44 90 -60 22.20 23.20 1.00 5.24 DD Eikle
DQS-092 251912.41 738569.38 103.25 29 90 -60 11.10 11.80 0.70 9.77 DD Eikle
DQS-092 17.40 21.50 4.10 4.59 DD Eikle
DQS-092 including 19.80 20.50 0.70 13.30 DD Eikle
DQS-093-2 251910.76 738548.85 103.43 27.4 90 -60 20.10 24.20 4.10 2.61 DD Eikle
DQS-093-2 including 23.50 24.20 0.70 10.69 DD Eikle
DQS-094 251907.91 738525.71 103.76 27.4 90 -60 8.00 14.00 6.00 2.17 DD Eikle
DQS-094 including 8.00 9.10 1.10 6.11 DD Eikle
DQS-094 19.00 24.30 5.30 2.05 DD Eikle
DQS-094 including 23.50 24.30 0.80 9.55 DD Eikle
DQS-096 251927.08 738614.4 111.4 30.5 90 -60 2.60 9.00 6.40 0.98 DD Eikle
DQS-097 251903.59 738633.58 118.78 57.5 90 -60 32.40 37.40 5.00 3.72 DD Eikle
DQS-097 including 32.40 33.40 1.00 16.13 DD Eikle
DQS-097 42.40 49.00 6.60 0.59 DD Eikle
DQS-098 251891.64 738645.22 118.47 69 90 -60 54.70 60.50 5.80 1.51 DD Eikle
DQS-101 251154.13 735863.83 178.41 452 0 -90 311.00 316.00 5.00 1.70 DD Main Pit
DQS-102 251257.37 735815.12 140.23 324 0 -90 102.00 105.00 3.00 3.51 DD Main Pit
DQS-102 221.40 226.60 5.20 0.96 DD Main Pit
DQS-102 238.90 240.90 2.00 10.90 DD Main Pit
DQS-103 251216.66 735815.42 157.4 316 0 -90 266.40 269.40 3.00 2.45 DDH Main Pit
DQS-103 273.20 283.00 9.80 1.26 DDH Main Pit
Notes:
1. EOH: End of hole
2. Depths and widths reported to nearest significant decimal place
3. NSI: No significant intercepts
4. True widths cannot be estimated currently, as the orientation of mineralization is unknown.
5. RC: reverse circulation drilling | DD: diamond drilling tail | RCD: reverse circulation drilling with diamond tail
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7267336f-e571-43b5-a628-f0ae9b6442df
A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/674835e3-3324-4522-a8a9-7595c470e04a
COMTEX_477591491/2241/2026-04-20T05:00:03