ProAm plans phase 1 exploration at Golden Ridge

ProAm Explorations Corporation announced a Phase 1 exploration program at its Golden Ridge project in New Brunswick, scheduled to begin in October 2026. The initiative aims to produce a ranked inventory of drill-ready targets by year-end 2026, focusing on untested structural trends, undrilled geochemical anomalies, and regional targets.

The methodology includes high-resolution UAV magnetic/radiometric surveys, 3D geological modeling, ground validation, and drill planning. The company will integrate data from the Government of New Brunswick's regional airborne survey expected in late September 2026. This follows the June 2026 structural review by Terrane Geoscience and the staking of 269 hectares of new claims.

ProAm Explorations Corporation (PMX) announced an expected progression of its exploration plan initiated in early 2026. The company is focusing on UAV surveys and target ranking, a standard practice for early-stage exploration that does not guarantee near-term drilling or resource expansion.

The company is relying on external government data and has not made immediate drilling commitments. Consequently, the market impact of this announcement is expected to be limited. The company's financial position remains a dominant factor, as the exploration program will consume working capital that is already critically low.

ProAm Explorations Corporation is a junior mining company focused on the Golden Ridge gold project in western New Brunswick, Canada. The company acquired a 100% option interest in Golden Ridge in January 2026, requiring $1.44M in cash payments and $250k in work expenditures over 60 months, plus a 2% NSR royalty. Historical drilling conducted between 1999 and 2012 identified an inferred resource of 520,200 oz Au at 0.91 g/t, though this is not a current NI 43-101 compliant resource. The project is currently in the early exploration phase, with management aiming to expand the known mineralized footprint and test district-scale potential.