Au Gold Corp Commences Exploration at its Havelock Gold-Antimony Project, Victoria, Australia

The most recent news (March 23, 2026) announces the commencement of field exploration at the newly acquired Havelock Gold-Antimony Project in Victoria, Australia. This follows the formal closing of the acquisition from Leviathan Gold Australia on March 11, 2026, and the concurrent closing of a $2 million private placement. Current work includes mapping and rock chip sampling along the Shaw-McFarlane and Oxonian Trends. Early sampling has confirmed high-grade potential with results up to 26.3 g/t gold. Management has signaled an intent to begin diamond drilling in H2 2026.

The news is categorized as Routine - Positive because it represents the expected execution of the strategy outlined during the January acquisition announcement. While the commencement of work is a necessary step, it is incremental. - Strategic Pivot: The company has successfully shifted its primary focus from the Ponderosa property in B.C. to the Victorian goldfields, a region currently seeing high market interest due to successes by peers like Southern Cross Gold. - Funding Secured: The $2 million raise is material for a micro-cap, providing the necessary runway to move from surface work to drilling. - High-Grade Confirmation: Rock chip samples (up to 26.3 g/t Au) validate the presence of high-grade mineralization, though these are selective surface samples and not indicative of bulk tonnage or continuity.

Au Gold Corp is a junior explorer focused on high-grade gold and critical metals. - Flagship Project: Havelock Gold-Antimony Project (Victoria, Australia). - Project Details: Covers 11,663 hectares. Features historical high-grade production from the 1880s that has seen almost no modern drilling. Key structures include the Shaw-McFarlane and Leviathan-Mariner’s Trends. - Secondary Project: Ponderosa Property (B.C., Canada), currently secondary to the Australian efforts.