Golden Pursuit Resources Announces Completion of the 2025 Exploration Program at Gordon Lake Project, NWT

Executive Summary

• Golden Pursuit Resources announced the completion of its 2025 exploration program at Myrt Lake, delivering high‑grade gold assay results that define a new mineralized zone west of historic mine workings.
• Key intercepts include 25.2 g/t Au (sample D6‑2) and 22.7 g/t Au (sample D10), plus a 41.7 g/t Au sample from a quartz vein extending ≥20 m wide and ≥100 m long.
• The company will pursue further geophysical work, confirmatory drilling, data validation, and metallurgical testing to upgrade the historical resource estimate to NI 43‑101 compliance.

Key Details

• Program Completion: 2025 Myrt Lake exploration program finished; results submitted in the 2025 Myrt Lake Assessment Report to maintain federal claim through 2033.
• New High‑Grade Zone:
• Sample D6‑2 – 25.2 g/t Au (gossanous outcrop).
• Sample D10 – 22.7 g/t Au (gossanous outcrop).
• Both samples ~900 m apart, aligned NW/SE, ~2 km west of historic workings.
• Additional High‑Grade Vein:
• Sample ML‑10 – 41.7 g/t Au from a quartz vein ≥20 m wide and ≥100 m long; host siltstone with galena, sphalerite, silver, pyrrhotite.
• Assay Coverage: 24 rock samples collected; 10 exceeded the 0.2 g/t Au cutoff.
• Historical Context (non‑compliant):
• Historic underground work (1974–1989) produced ~3,000 t at 0.11 oz/t Au and a reported reserve of 25,275 t at 0.22 oz/t Au.
• Historical resources are non‑NI 43‑101 compliant and not being used as current estimates.
• Planned Follow‑Up Activities:
• Litho‑structural mapping refinement, additional geochemical sampling (results expected end of September).
• Data validation: re‑logging/re‑sampling historic cores, QA/QC program implementation.
• Confirmatory drilling to verify new zone continuity and depth extent.
• Metallurgical test work to assess extractability.
• Regulatory/Compliance: Qualified Person Cleber Peralta (COO & Director) reviewed and approved technical information; the release fulfills mandatory claim‑maintenance reporting requirements.

Notable Quotes

• “The discovery of a new high‑grade mineralized zone reinforces the significant gold potential of the Gordon Lake district and provides a strong foundation for our next phase of drilling and data validation.” – Brian McClay, President & CEO

Materiality Assessment: Non‑Material – Positive (the release presents encouraging exploration results but does not contain financial statements, earnings, or definitive resource estimates).