ONGold Files NI 43-101 Technical Report for the Monument Bay Gold Project, Manitoba
OnGold files a NI 43-101 report for the Monument Bay mineral resource estimate, confirming prior resource estimates.
OnGold Resources Ltd. (ONAU) filed an independent NI 43-101 Technical Report for the Monument Bay Gold Project in northeastern Manitoba. The report was prepared by SRK Consulting (Canada) Inc. with an effective date of July 31, 2026, and formally supports the Mineral Resource Estimate (MRE) previously disclosed on September 14, 2026.
The company confirmed there are no material differences between the MRE disclosed in the September 14 release and the estimate detailed in the newly filed Technical Report. The report validates the 2.0 million ounces of gold in the Measured and Indicated category and 0.49 million ounces in the Inferred category, constrained within a conceptual open-pit shell at a $3,000/oz gold price assumption.
OnGold Resources Ltd. (ONAU) filed a standard regulatory report following its initial Material Relevant Event (MRE) announcement, providing technical validation of the geological work and resource modeling previously communicated to the market. Because the resource numbers, cut-off grades, and estimation methodologies were fully disclosed on September 14, the market had already priced in the fundamental value of the 2.0 million ounce M&I resource.
The absence of material differences between the preliminary release and the final technical report confirms data integrity and removes any technical uncertainty surrounding the estimate. This validation strengthens the company's technical foundation for upcoming drilling programs and future economic studies, though it does not introduce new exploration results, financial metrics, or strategic shifts. The filing provides incremental confidence in the company's exploration narrative without altering the near-term cash flow profile or valuation drivers.
OnGold Resources Ltd. (ONAU) operates a portfolio of advanced and early-stage exploration properties in Canada, including the Monument Bay, TPK, October Gold, Rapson Bay, and Domain projects. The company’s flagship Monument Bay project hosts a 2.0 million ounce measured and indicated resource and a 0.49 million ounce inferred resource at 0.84 g/t Au, constrained within a conceptual open-pit model.
In Northern Ontario, the TPK project is a discovery-stage asset featuring high-grade gold intersections, including 19.39 g/t Au over 8.2 m in the Discovery Zone. Additionally, OnGold now holds 100% ownership of the October Gold project in Ontario following the termination of Evolution Mining's earn-in agreement. The company is currently advancing geological modeling, infill drilling, and geophysical surveys across its land packages to expand resource potential and identify new targets.