With high-quality, drill-ready assets with world-class discovery potential, Piche Resources is a compelling business case for investors looking to leverage a bull market for uranium and gold.
Piche Resources (ASX:PR2) is an ASX-listed mineral exploration company focused on uranium and gold exploration in Tier-1 jurisdictions: Western Australia and Argentina. The company holds 100 percent ownership of all of its projects and is supported by a highly experienced board and technical team.
Targeting globally significant discoveries in Tier-1 mineral provinces
Piche’s portfolio includes the advanced-stage Ashburton uranium project in Western Australia and two large-scale exploration projects in Argentina: the Cerro Chacon gold-silver project and the Sierra Cuadrada uranium project. These projects have delivered high-grade exploration results and are drill-ready, positioning the company to unlock significant shareholder value through systematic exploration programmes.
Piche has an internationally recognized board focused on creating long-term shareholder value, and an in-country technical team in Argentina with a proven track record of taking projects from discovery through to development.
Cerro Chacon interpreted geology and tenement holding
Cerro Chacon is a large-scale, early-stage gold-silver exploration project located in the Chubut Province of Argentina. The project is situated within a region known for hosting world-class low-sulphidation epithermal systems, including Cerro Negro and Cerro Vanguardia. With multiple gold-bearing structures confirmed over a 14 km corridor, Cerro Chacon is emerging as a highly promising and underexplored precious metals system with substantial scale and grade potential.
Location: ~40 km southwest of Paso de Indios, Chubut Province
Tenure: 414 sq km across multiple tenements
Highlights:
The Ashburton project is Piche’s flagship uranium exploration asset in Australia, situated in the Pilbara region of Western Australia. Located within a historically underexplored but highly prospective unconformity-related uranium district, the project provides the company with strong leverage to the growing global demand for uranium. The project is geologically analogous to world-class Proterozoic uranium systems, with multiple confirmed mineralised zones and a regional corridor of 60 km.
Sierra Cuadrada is Piche’s primary uranium asset in Argentina, covering a vast area within the San Jorge Basin. This large-scale project has demonstrated strong surface uranium mineralisation with multiple drill-ready prospects. With mineralisation confirmed across extensive zones and supported by historical radiometric and geochemical data, Sierra Cuadrada has the potential to host multiple Tier-1 uranium deposits in a cost-effective, near-surface setting.
Teo 5 and 6 prospect 2024 auger drill programme
Location: San Jorge Basin, ~200 km north of Comodoro Rivadavia
Tenure: 1,310 sq km across multiple licences
Highlights:
John Simpson has over 37 years of experience in mineral exploration, development and mining. Previously the executive chairman and founder of Peninsula Energy Limited (ASX:PEN), a USA uranium producer.
Stephen Mann is a geologist with over 40 years of experience in exploration, discovery and development of mining projects, including 20 years in the uranium sector. Formerly the Australian managing director of Orano, the world’s third-largest uranium producer.
Pablo Marcet is a senior geoscientist with 38 years of experience in exploration, discovery and development of mineral deposits. Currently an independent director of lithium producer Arcadium Lithium (NYSE:ALTM) and previously a director of Barrick Gold (NYSE:GOLD) and U3O8 (TSX:UWE).
Clark Beyer is an internationally recognized nuclear industry executive with over 35 years of experience. Formerly the managing director of Rio Tinto Uranium and currently principal of Global Fuel Solutions, providing strategic consulting to the international uranium and nuclear fuels market.
Stanley Macdonald is a nationally recognized mining entrepreneur, founding director and instrumental in the success of numerous ASX-listed companies, such as Giralia Resources, Northern Star and Redhill Iron. He is currently a director of Zenith Minerals.
Targeting globally significant uranium and gold discoveries in Australia and Argentina
Surface work confirms Cu-Mo-Au mineralization, classic porphyry type style-alteration, and active gold workings, reinforcing district-scale upside at Quimbaya's flagship project in Colombia.
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Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to report the identification of a large, multi-kilometer Cu-Mo-Au porphyry-style target at surface within its 100%-owned Tahami Center Project in Antioquia, Colombia. Located approximately 2.5 kilometers northeast of the Company's active drill program at Tahami South, the target spans a 2.0 by 1.4-kilometer footprint and exhibits hallmark porphyry characteristics confirmed by surface mapping, mineralogy, and geochemical anomalies.
Importantly, multiple artisanal gold workings are active within the footprint, confirming near-surface gold mineralization and reinforcing the system's potential as a preserved porphyry system with a vertically zoned epithermal overprint.
Key Highlights
Figure 1. District Location Map: Tahami South Project and Tahami Center Project.
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"This kind of result doesn't come as a surprise, it's the outcome of years spent assembling a high-quality portfolio in a region we know well," said Alexandre P. Boivin, CEO of Quimbaya Gold.
"What we're seeing at surface, including artisanal mining within the footprint, is a direct reflection of the geological potential we believed was there from the beginning. The fact that it's so close to where we're actively drilling at Tahami South makes it a natural extension of our exploration work and a testament to the strength of the entire Quimbaya team."
Contextual Significance
Colombia is globally recognized for its high-grade epithermal gold veins, particularly in the Segovia belt, but porphyry systems, especially those with Cu-Mo-Au potential, remain one of the country's most underexplored geological domains. The scale, preservation, and surface expression of the mineralized system at Tahami suggest a rare geological setting with clear exploration potential. With one of the few consolidated land positions in the region, Quimbaya is well positioned to advance porphyry and high-sulfidation exploration in one of Colombia's most productive gold districts.
Technical Overview
Surface mapping and geochemical sampling have delineated a porphyry type system consistent with preserved high-level mineralization.
Figure 2. Preliminary geochemistry: the first two prospects have been identified in the property related with high mineralisation of copper/molybdenite and epithermal gold veins.
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Table 1. Robusta Prospect underground channel rock sampling highlights
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* Pending assay results for 54 meters of underground channel rock samples
Table 2. Stream sediments sampling highlights
| Prospect | Sample_id | Type | Au ppb | Cu ppm | Mo ppm |
| Robusta | QG_000221 | Stream Sediments | 8.00 | 137.60 | 66.00 |
| Robusta | QG_000230 | Stream Sediments | 7.00 | 304.50 | 19.00 |
| Robusta | QG_000238 | Stream Sediments | 289.00 | 133.10 | 24.00 |
| Bourbon | QG_000236 | Stream Sediments | 123.00 | 157.80 | 27.00 |
* Pending multi-element assay results for 8 stream sediment samples
Figure 3. Porphyry Footprint outcrops with strong alteration zones, and porphyry type veinlets.
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"Identifying a textbook porphyry system with visible copper and molybdenite at surface, and active gold extraction from epithermal veins strongly validates our district-scale model at Tahami," said Ricardo Sierra, VP Exploration of Quimbaya Gold. "The alteration zoning, veinlet architecture, and early geochemical signatures are highly consistent with porphyry copper systems globally."
Figure 4. Porphyry Footprint outcrops with strong Advance Argillic alteration and quartz-sericitic alteration.
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Figure 5. Porphyry type veinlets stockwork and mineralisation. Chalcopyrite (Cpy), Chalcocite (Cc), Chalcanthite (Chal), Brochantite (Bro), Magnetite (Mt).
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Sample preparation and analysis
Quimbaya Gold used SGS laboratory to prepare and assay samples collected on the Tahami Project. These include SGS Medellin and SGS Peru for preparation and analysis. SGS preparation and Fire Analysis in the SGS laboratory in Medellin Colombia, and SGS multielement analysis located in Peru.
Rock samples delivered to SGS were prepared in Medellin, samples were received and labelled, dry at 100°C +- 5°C, primary crushing in a jaw crusher to 95% passing 20 mesh, secondary crushing with roll mill ant slow revolution, cleaning with compressed air and quartz, with 85% passing 10 mesh, with every 10 sampled control and granulometry, riffle split coarse crushed sample in jones splitter, to extract 250 to 500 gr; Pulverization of samples is completed in a ring mill, with >95% passing 140 sieve and cleaning with clean sand. Samples were assayed for Fire Assay for Au in Medellin using FAA313 and FAG303 method, and multielement analysis in Peru using ICP40B0 method.
Stream sediments samples delivered to SGS were prepared in Medellin, samples were received and labelled, previously air drying (inhouse) and dry at 60°C +- 5°C, 100% passing -80 mesh; pulverization of samples is completed in a ring mill, with >95% passing -140 sieve and cleaning with clean sand. Samples were assayed for Fire Assay for Au in Medellin using FAA313, FAG303 and AAS12C method, and multielement analysis in Peru using ICP40B, in line with QA/QC best practices.
The insertion rate is acceptable for CRM's, field duplicates and blanks. Quimbaya Gold procedures require 7 blanks, 3 duplicates and 3 CRM's (OREAS 501d, OREAS 506) per 104 samples submitted for the current Batch_031, Batch_032 and Batch_035. To date Quimbaya Gold an insertion percentage of 12.5%, sufficient to judge the quality of sampling and assaying. The author reviewed QAQC and expresses satisfaction that they generally demonstrate a high degree of accuracy at the assaying SGS laboratory. Standard deviations were used as control gates for submitted CRM's (3x and 2x).
Qualified Person
Quimbaya's disclosure of technical and scientific information in this press release has been reviewed and approved by Ricardo Sierra (AusIMM), the Vice President Exploration for the company, who serves as a Qualified Person under the definition of National Instrument NI-43 101.
Regulatory Disclosure Update
Further to the Company's news release dated September 22, 2025, Quimbaya Gold Inc. wishes to clarify and amend its previous disclosure regarding investor relations and promotional activity, in accordance with CSE Policy 7.3(1). The Company has entered into agreements with three independent third parties. CEO.CA Technologies Ltd. (1600 - 595 Burrard Street, Vancouver, BC V7X 1L3, Canada; info@ceo.ca; 1-800-665-5300) was retained to provide sponsored banner placements and digital awareness campaigns on www.ceo.ca for a term of three months beginning September 18, 2025, for a total cash consideration of C$15,000. TNM Media Group (The Northern Miner, 365 Bloor Street East, 16th Floor, Toronto, Ontario M4W 3L4, Canada; info@northernminer.com; 416-510-6789) was engaged to deliver sponsored content, banner advertising, and investor outreach across its digital platforms at www.northernminer.com, beginning September 20, 2025, for a four-month term and total compensation of C$20,000. Lastly, Spark Newswire Inc. (Suite 800, 885 West Georgia Street, Vancouver, British Columbia V6C 3H1, Canada; steve@sparknewswire.com; 647-800-1885) was contracted to amplify press releases and conduct promotional marketing through targeted financial media and digital channels, commencing September 18, 2025, for a period of four months and total compensation of US$75,000. Spark's distribution platforms include www.sparknewswire.com, its affiliate www.spartantrading.com, and major newswire distribution services such as PR Newswire (www.newswire.ca), Cision (www.cision.ca), and GlobeNewswire (www.globenewswire.com). None of these service providers hold any securities or options in Quimbaya Gold Inc., and all engagements are conducted on a fully independent basis.
About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
Contact Information
Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com
Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com
Quimbaya Gold Inc.
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Cautionary Statements
Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements herein include statements and information regarding the Offering's intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company's properties and any results thereof, the strength of the Company's mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company's, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company's exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company's mineral properties; an inability to finance the Company; obtaining required permitting on the Company's mineral properties in a timely manner; any adverse changes to the planned operations of the Company's mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company's projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company's ability to comply with environmental, health and safety laws. Although Quimbaya's management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.
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1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; OTCQB: AUMBF; FRA: 2KY) announced today that Shaun Heinrichs, President & CEO of 1911 Gold, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on October 7, 2025.
DATE : October 7 th , 2025
TIME: 11:30am-12:00pmET
LINK: REGISTER HERE
Available for 1x1 meetings: October 8th-10th, and 14th Schedule 1x1 Meetings here
This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
Recent Company Highlights
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com .
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
About 1911 Gold Corporation
1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario. It intends to focus on organic growth and accretive acquisition opportunities in North America.
1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation and all local stakeholders in order to build mutually beneficial working relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
For further information, please contact:
Shaun Heinrichs
Chief Executive Officer
(604) 674-1293
sheinrichs@1911gold.com
www.1911gold.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to the results of any exploration or other work on the Company's properties, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold 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 not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: 1911 Gold Corporation
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Apollo Silver Corp. (" Apollo Silver " or the " Company ") (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce a non-brokered private placement offering of up to 5,800,000 units (the " Units ") of the Company at a price of $3.60 per Unit, for aggregate gross proceeds of up to $20,880,000 (the " Offering ").
Each Unit issued pursuant to the Offering will consist of one common share (a " Share ") in the capital of the Company and one common Share purchase warrant (a " Warrant "). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company's Shares trade on the TSX Venture Exchange (the " TSXV ") at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the " Acceleration Provision ")
All securities issued in connection with the Offering will be subject to a four-month hold period from the date of closing. Finder's fees may be payable on some or all of the funds raised, in accordance with the policies of the TSXV. The Company intends on using the net proceeds from the Offering to continue advancing the Calico Silver Project in San Bernardino, California; to support community relations initiatives at Cinco de Mayo Silver Project in Chihuahua, Mexico; to cover ongoing property maintenance costs at both projects; and for general corporate purposes.
Closing of the Offering is subject to regulatory approval including that of the TSXV.
The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Apollo Silver Corp.
Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.
Please visit www.apollosilver.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Ross McElroy
President and CEO
For further information, please contact:
Email: info@apollosilver.com
Telephone: +1 (604) 428-6128
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Offering; and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company's expected financial and operational performance and the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .
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Rua Gold Inc. (TSXV: RUA,OTC:NZAUF) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") is pleased to announce the strengthening and expansion of its management team through the appointment of Emmett D'Urso as Vice President, Exploration. Mr. D'Usro will work directly with the Company's COO, Simon Henderson, further enhancing Rua Gold's technical capabilities.
With more than 13 years of mineral exploration experience, Mr. D'Urso brings extensive expertise in orogenic gold exploration, particularly within the Victorian Goldfields, where he has focused on high-grade, narrow vein, Fosterville-style deposits. This experience is especially relevant as Rua Gold's Reefton project shares similar geological characteristics. Most recently, he contributed to exploration programs at Global Ore Discovery, where he played a key role in drill program planning and budgeting for antimony projects in New South Wales.
Prior to that Mr. D'Urso served as a Senior Site Official with De Grey Mining during the pivotal Hemi study phase. In this role, he oversaw daily site operations, managed multi-disciplinary exploration teams, and contributed to both greenfields and resource definition campaigns. His leadership and operational oversight through this transformative period at De Grey underscore his ability to guide projects from early discovery toward development with a strong focus on safety, efficiency, and stakeholder engagement.
Rua Gold CEO, Robert Eckford, commented, "On behalf of our board of directors and management team, I am pleased to welcome Emmett D'Urso as our new Vice President of Exploration. Emmett's depth of experience working on analog deposits in the Bendigo-Ballarat region brings valuable insight directly applicable to our projects. His addition strengthens our technical team as we advance our portfolio, particularly in Reefton.
With Emmett on board, Simon Henderson, our COO, will be able to dedicate more time to driving forward our Glamorgan Project, where we expect to ramp up activities in Q4 2025. The ongoing expansion of our technical team with such high-caliber talent highlights both the strength of our projects and our commitment to unlocking their full potential."
Option and DSU Grant
The Company granted 100,000 options (each, an "Option") to Mr. D'Urso of the Company in accordance with the Company's stock option plan dated July 24, 2024. Each Option is exercisable into one Common Share at an exercise price of $0.78 per Common Share for five years following the date of grant. The Options are subject to a 3-year vesting period with 33,333 Options vesting on October 1, 2026, 33,333 Options vesting on October 1, 2027, and 33,334 Options vesting on October 1, 2028.
The Company also announces the grant of 140,778 deferred share units ("DSUs") to non-executive directors of the Company at a deemed price of $0.70 per DSU, in accordance with the Company's DSU Plan dated July 24, 2024. The DSUs are subject to a one-year vesting. Each DSU entitles the holder to receive one Common Share at the time the holder ceases to be a director of the Company.
New Marketing Agreement
The Company engaged Global One Media Group Pte. Ltd. ("Global One Media") commencing October 1, 2025. Pursuant to the investor relations agreement, Global One Media has agreed to provide content development and digital marketing services. Global One Media is an investor-focused digital marketing firm and will assist the Company with its digital and social media influencer marketing efforts.
The term of the agreement with Global One Media (the "Global One Agreement") commences on October 1, 2025 and ends March 31, 2026. The Global One Agreement may be renewed on a monthly basis after the initial term upon the mutual agreement of the Company and Global One Media. Under the terms of the Global One Agreement, the Company has agreed to pay Global One Media a monthly cash fee of USD$5,500. There are no performance factors impacting the compensation of Global One Media, and Global One Media will not receive any securities of the Company as compensation. Global One Media does not have any interest, directly or indirectly, in the Company. The Global One Agreement is subject to regulatory approval by the TSX Venture Exchange.
ABOUT Rua Gold
Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold's two highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.
The Company's Glamorgan Project solidifies Rua Gold's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining project, Wharekirauponga.
For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.
Rua Gold Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.
Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268673
News Provided by Newsfile via QuoteMedia
Photo 1. Quartz vein with coarse native gold. Red circles highlight some of the clusters of native gold found within the vein.
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Figure 1. Photos of coarse visible gold and bismuthinite in ~10 cm wide quartz vein (287.32 - 288.24 m).
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After the successful completion of the Phase I program, which intersected gold-enriched mineralization in all drill holes (see news release dated September 8, 2025), Phase II drilling began with a hole collared 215 m to the west of previous drilling at the Payoff Zone (Figure 2 and Table 1). Hole ALT-25-012 has encountered similar, veining and alteration as previous holes, increasing the known strike length of the Payoff Zone to 500 m. The zone remains open in all directions.
Figure 2. Diamond Drill Hole Map
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The Payoff Zone is a gold-enriched area of widespread, near-surface, quartz-sulphide and sulphide (pyrite-pyrrhotite±chalcopyrite±molybdenite) mineralization that is thought to lie peripheral to a large porphyry centre. Inaugural drilling at this zone returned a discovery interval of 219 m grading 0.46 g/t Au, including 22.45 m grading 1.20 g/t Au from drill hole ALT-23-001 (see news release dated February 29, 2024). The zone is characterized by a large (500 x 600 m) overlapping gold and copper soil geochemical anomaly that overlies a magnetic low.
The Alimony target is an undrilled molybdenum soil anomaly with overlapping gold in soil values in the westernmost part of the property that coincides with the boundaries of magnetic high and low signatures. Drill hole ALT-25-013, which is currently being drilled (Table 1), is designed to test the soil anomaly.
| Hole ID | Easting (m) | Northing (m) | Elevation (m) | Azimuth | Dip | Length (m) |
| ALT-25-012 | 623262 | 6915969 | 1083 | 135 | -60 | 336.75 |
| ALT-25-013 | 623021 | 6916482 | 1043 | 230 | -05 | In Progress |
*Coordinate data not yet finalized from field surveys
Table 1: Diamond Drill Hole Data
PJ Murphy, CEO, states: "The native gold bearing quartz vein at the Payoff Zone is a spectacular intersection that demonstrates the potential for significant mineralization throughout the Alotta property as we search for a high-grade porphyry centre. We are excited to see the remaining drill holes, all of which test new targets for the remainder of Phase II drilling."
ALT-25-012
Hole ALT-25-012 was collared 215 m to the west of holes ALT-25-008 and ALT-25-009, both of which were drilled during Phase I drilling. At 287.32 m down hole, drilling intersected a low angle to core axis, quartz vein (approximately 10 cm wide) hosting numerous grains of visible gold and bismuthinite, along with disseminated to semi-massive pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite and sphalerite (Photo 1, Photo 2 and Figure 1).
Photo 2. ~10 cm wide quartz vein cutting granodiorite hosting coarse native gold, bismuthinite, pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite and sphalerite.
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The hole cut granodiorite and porphyritic rocks, which are altered for the entirety of the drill hole. Alteration includes pervasive secondary biotite that is overprinted by intense silicification, and widespread chlorite and sericite alteration which become stronger around areas of veining (Photo 3).
Photo 3. Quartz-pyrite veins with strong chlorite-sericite alteration halos
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The hole intersected significant near-surface alteration, veining and sulphide mineralization. Vein-hosted pyrite, molybdenite, chalcopyrite and pyrrhotite were encountered over the length of the hole, with the strongest veining found in the upper 100 metres (Photo 4). Several semi-massive sulphide veins hosting pyrrhotite-pyrite-arsenopyrite±sphalerite were encountered in the upper 60 metres of the hole (Photo 5).
Photo 4. Quartz vein with centreline of pyrite (right) cutting porphyritic rocks hosting disseminated pyrite and pyrrhotite.
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Photo 5. Quartz-carbonate vein hosting pyrite-arsenopyrite-sphalerite
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Drill core from this hole is currently being logged and processed on site and will be submitted for analysis upon completion. Results will be released after being received and checked for Quality Assurance / Quality Control.
Proximity to Measured and Indicated Resources
The Alotta property consists of 230 mineral claims that covers approximately 4,723 hectares in a similar geological setting to Western Copper and Gold's Casino deposit, that is located 50 km to the south-east. The Casino deposit is one of the largest undeveloped copper-gold porphyry projects in the world.
Options
The Company also announces the issuance of an aggregate of 500,000 options to a consultant of the Company (the "Options"). Each option allows the holder to purchase one common share of the Company (each a "Share") upon the terms and conditions of the option agreement. The Options are exercisable over a two-year term expiring on September 30, 2027, at a price per Share of $0.51.
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
In addition, the Company holds an 80% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.
Qualified Person
Lorne Warner, President and P. Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.
On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
info@forgeresources.com
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.