One Bullion Receives Final Maitengwe Airborne Geophysical Dataset and Provides Vumba Drilling Update
One Bullion advances drilling and geophysics at its Botswana project while awaiting initial assay results from the site.
One Bullion Limited announced the completion of an 11,654 line-kilometer high-resolution airborne geophysical survey at its Maitengwe Gold Project in Botswana. The company also provided an operational update on its ongoing approximately 3,000-meter HQ diamond drilling program at the Vumba Gold Project.
Drill holes VUDD017, VUDD018, and VUDD019 have been completed, with drilling currently underway on VUDD020 and VUDD021 planned. No assay results are reported. Core from VUDD017 has been sent to ALS Laboratories, with initial analytical results expected within approximately 14 days. Visual observations note amphibolite-dominated sequences, silica-carbonate alteration, quartz-carbonate veining, and sulfides, but these do not establish grade or economic significance.
Additionally, the company issued 75,484 common shares to SLD Capital Corp. for September consulting services, subject to a statutory hold period.
One Bullion Limited (OBUL) released an expected operational update confirming that its drilling program is proceeding as planned and that geophysical data collection is complete. The release contains no new financial or geological data, and the absence of assay results means the market cannot yet evaluate the continuity, grade, or structural scale of the mineralization. Visual core logging is standard and carries no pricing power until laboratory results are verified.
The company also announced a share issuance to SLD Capital Corp. for consulting fees. This is a routine, incremental dilutive event that aligns with previously disclosed amended agreements and does not represent a strategic partnership or capital injection. The news is fully in line with previous expectations, with no surprises, misses, or improvements that would trigger a material repricing of the stock.
One Bullion Limited (OBUL) is a pre-revenue junior exploration company focused on gold properties in Botswana. The company controls approximately 8,004 km² across three greenstone belt-hosted projects: Vumba, Maitengwe, and Kraaipan.
The flagship Vumba Gold Project is located on a greenstone belt similar to Zimbabwe’s Blanket Gold Mine. The project features historical high-grade surface sampling, with results up to 679 g/t Au, and past drilling that intersected quartz-carbonate veining and sulfides in amphibolite hosts.
One Bullion Limited is currently in the early exploration stage, with no mineral resources or reserves defined. The company is in the target generation and initial drilling phase, relying on geophysical data and core logging to build a 3D geological model.