ProAm Expands Golden Ridge Property to Cover More than 13 Kilometres of a Prospective Gold-Hosting Structural Corridor
ProAm Explorations advances its winter drill target pipeline with new staking along a 13km corridor at the Golden Ridge project.
ProAm Explorations Corporation has staked over 10 square kilometres of additional ground at its Golden Ridge Gold Project in western New Brunswick. The expansion covers more than 13 kilometres along the prospective Woodstock Fault structural corridor. The newly acquired claim (12691) includes the historical Kirkland claim group, featuring a 300-by-100-metre zone of sericite-carbonate alteration with quartz veins and disseminated pyrite. Geological characteristics are described as analogous to the known gold mineralization at Poplar Mountain.
The company is integrating results from a New Brunswick Government regional airborne survey, expected in October 2026, with historical data to refine drill targets. The objective is to compile a ranked inventory of drill-ready targets by year-end 2026 to support a potential winter 2026/2027 drill program. Scope and timing of the drill program remain subject to financing and permits.
ProAm Explorations Corporation (PMX) issued this release as a direct follow-up to its September 3, 2026 announcement regarding the Phase 1 exploration program. The update represents an expected, incremental step in the company's target generation pipeline rather than a new catalyst. While the land expansion reinforces the district-scale exploration model, it does not alter the company's immediate financial position or liquidity constraints. No new capital was raised, and no drilling has commenced, marking the update as a routine progression of the stated exploration plan. The market impact is limited as the information was anticipated following the launch of the Phase 1 program.
ProAm Explorations Corporation is a junior exploration company focused on the Golden Ridge Gold Project in New Brunswick, Canada. The company has written off multiple legacy exploration properties and is now fully concentrated on Golden Ridge. Management views the property as a district-scale system with potential for multiple mineralized centers along the Woodstock Fault corridor. The project is 100%-optioned and hosts a historical inferred resource of approximately 520,200 ounces of gold grading 0.91 g/t from 17.78 million tonnes.