Opus One Gold Corp Releases All Drilling Results on Zone West Noyell Gold Property, Matagami, Quebec

Opus One Gold Corporation released assay results from five shallow exploratory holes drilled on the West Zone of its 100% owned Noyell gold property in Quebec. The total program encompassed 1,467 meters across five holes, marking the company’s first drilling on this target and covering approximately 800 meters of strike. Every hole intercepted the main target above the 300-meter level, with two mineralized zones observed in some of the holes. True widths were disclosed for each interval.

The geology is described as an altered and mylonitic zone within fractured intermediate volcanics containing 5-15% sulphides, dominated by pyrrhotite with minor pyrite and arsenopyrite. The structure dips approximately 55 degrees south, which differs from Zone 1’s steeper sedimentary-hosted stockwork. CEO Louis Morin stated that Zone West will become a definition-drilling area in the next phase.

Key intercepts reported include:

• NO-26-09: 8.90m at 1.03 g/t Au, true width 6.85m; plus 1.19m at 3.48 g/t Au.
• NO-26-16: 10.41m at 0.50 g/t Au, true width 8.73m.
• NO-26-17: 3.96m at 1.11 g/t Au, true width 3.07m.
• NO-26-20: 8.29m at 1.34 g/t Au, true width 6.43m.
• NO-26-22: 9.07m at 1.18 g/t Au, true width 6.62m; plus 5.13m at 0.71 g/t Au.

Opus One Gold Corporation (OOR) reported results from its C$13.6M pre-resource exploration program, marking an encouraging but not transformational step for the company. The drilling program opened a second area on the property, with all holes intersecting gold over 800 meters of strike. The company noted that the true widths encountered were meaningful.

Despite the positive geological findings, the grades remain low and are significantly below the Zone 1 anchor results. Five shallow holes drilled did not establish a resource, continuity, or recoverable gold. Opus One Gold Corporation currently has no mineral resource estimate and is pre-revenue, carrying a going-concern warning.

The stock is trading near its 52-week low at C$0.05, having peaked at C$0.10 in late January 2026 before drifting down through the spring and summer. The market has shown little response to previous high-grade assays; the release of 11.37m at 4.92 g/t on 2026-06-17 did not significantly impact the share price. Because the stock has round-tripped from C$0.10 to C$0.05, the prior high-grade anchor is not embedded in the current price, meaning this is not a case of a priced expectation being disappointed. However, the current results do not constitute a grade-and-width discovery capable of changing the equity’s value on their own. The findings represent solid, expected exploration progress on a new target.

Opus One Gold Corporation (OOR) is a pre-revenue Canadian junior explorer listed on the TSX Venture Exchange. The company’s flagship asset is the Noyell project, a 50 km² land package located near Matagami, Quebec, within the Abitibi greenstone belt. Its second asset is the Courville project, situated near Val-d’Or. The company is currently in the exploration and definition drilling stage, with no mineral resource or reserve estimate disclosed.

Recent drilling activity includes 9,182m drilled in the 2025 winter program on Zone 1, followed by a shallow 1,467m West Zone program in 2026.

As of Q3 2026, the company reported cash of C$760,794 and total assets of C$7.70M. Total liabilities stood at C$1.95M, with current assets of C$1.25M against current liabilities of C$1.95M. The company has flagged going-concern risk due to negative working capital and depends on future equity raises. Shares outstanding were 272,850,821 at Q3 2026, with warrants and options also significant.