Drill Results
Earthwise Minerals Begins Drill Program at the Iron Range Gold Project to Define and Expand Mineralization
Exploration Execution Confirmed

Executive Summary
- Event: Earthwise Minerals Corp. has commenced Phase I diamond drilling at the Talon Zone of its Iron Range Gold Project in British Columbia.
- Scope: The program consists of three diamond drill holes totaling approximately 1,200 metres.
- Objectives: Infill drilling to refine geometry and continuity of known mineralization; testing a down-plunge geophysical anomaly (resistivity-conductivity IP).
- Context: This follows the April 30, 2026 announcement approving the 2026 drill program and the March 31, 2026 private placement closing which funded exploration.
- Historical Data: Previous intercepts include 56.5m @ 1.9 g/t Au and high-grade zones of 7.1m @ 8.13 g/t Au with associated Pb, Zn, Ag.
- Management Quote: CEO Mark Luchinski states the company is starting from a "position of strength" at the Talon Zone to refine understanding of structural controls.
Material Impact
- Expectation vs. Reality: The news confirms execution of previously announced plans (April 2026 approval). It does not introduce new data or unexpected financial terms.
- Market Reaction Potential: Limited immediate upside as drilling has just begun; results are required to move the stock materially.
- Capital Allocation: Confirms use of proceeds from the March $703,500 private placement toward exploration, validating management's stated strategy.
- Risk Profile: The execution is positive but routine. No material change in valuation drivers until assay results are released.
- Dilution Concerns: Frequent financing rounds (Nov 2025, Feb 2026, Mar 2026) indicate ongoing cash burn and potential share dilution pressure on existing shareholders.
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Company Overview
- Company: Earthwise Minerals Corp., an exploration-stage company focused on gold projects in British Columbia.
- Flagship Project: Iron Range Gold Project (21,437 hectares).
- Location: Southeastern BC, near Creston; spans 30km of the Iron Range Fault Zone.
- Infrastructure: Year-round road access via Highway 3; proximity to rail, power, and smelting facilities.
- Geology: Proterozoic Belt-Purcell Supergroup; historical drilling (21,593m) and geophysical surveys exist.
- Status: Exploration phase; currently executing drill program at Talon Zone.
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Jun 16, 2026 · 07:00