Northwire Canada EditionSaturday, November 7, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

ONGold Commences 2026 Phase 1 Field Exploration Program at the TPK Project in Northern Ontario

ONGold Advances TPK Exploration While Monument Bay Resource Estimate Looms in September

By The Northwire Desk — AI Analysis May 20, 2026 · 07:31 ONAU · 0.8 OnGold Resources Ltd.
Executive Summary
  • ONGold Resources Ltd. has commenced its 2026 Phase 1 field exploration program at the Ti-pi-ha-kaa-ning (TPK) project in Northern Ontario, focusing on the Gold Ridge area.
  • The program includes ground geophysical surveys (electromagnetic and gravity), geological mapping, prospecting, and an orientation soil survey to refine targets for a planned Phase 2 drilling program.
  • Phase 2 drilling is expected to begin in August or September 2026, targeting extensions of known mineralization in the Discovery Zone and West Discovery Zone.
  • Infrastructure updates include a new 19-kilometre-long fibre optic access corridor constructed through TPK claims, exposing bedrock outcrops near the West Discovery Zone for assessment.
  • Recap of 2025 drilling results highlights high-grade copper-silver-gold mineralization in the West Discovery Zone (up to 11.1% Cu, 218 g/t Ag, 4.45 g/t Au) and gold intercepts in the Discovery Zone (up to 308 g/t Au).
  • CEO Kyle Stanfield emphasizes integrating new field data with 2025 drill results to prioritize next round of drill targets.
Material Impact
  • The news is consistent with previous announcements made in January 2026 regarding the planned exploration timeline and drilling schedule for TPK.
  • No new high-grade intercepts or resource estimates are disclosed; this is an execution update on a previously announced program.
  • The commencement of Phase 1 exploration validates management's progress but does not materially alter valuation without drill results from Phase 2 (expected Aug/Sept).
  • Given the stock price decline from March highs ($1.37) to current levels (~$0.80), this news is priced in as routine progression rather than a catalyst for immediate re-rating.
  • The fibre optic corridor construction reduces logistical risk and infrastructure costs for future drilling, which is positive but incremental.
ONAU · Price
Company Overview
  • ONGold Resources Ltd. operates primarily in Ontario and Manitoba with a focus on high-grade gold, silver, copper, and tungsten exploration.
  • Flagship Project 1: TPK Project (Ontario) - Discovery Zone drilling identified high-grade gold and massive sulphide zones; Phase 2 drilling planned for late 2026.
  • Flagship Project 2: Monument Bay Gold-Tungsten Project (Manitoba) - Historical resources of ~2.3M oz Au; new NI 43-101 resource estimate in progress with tungsten integration expected September 2026.
  • Flagship Project 3: October Gold Project (Ontario) - Joint venture with Evolution Mining adjacent to IAMGold’s Côté Gold Mine; exploration ongoing.
  • Company Strategy: Advance high-grade discoveries through industry-leading assets and strong shareholder support, leveraging experienced management team.
Read the original news release →

More from OnGold Resources Ltd.

Oct 29, 2026 · 18:07

OnGold files a NI 43-101 report for the Monument Bay mineral resource estimate, confirming prior resource estimates.

Resource Estimate Oct 27, 2026 · 09:24

OnGold secures $9m LIFE financing to fund TPK drilling and Monument Bay resource definition.

Financings Oct 16, 2026 · 07:31

OnGold assumes full funding for the October Gold project after losing its Evolution partner.

M&A / Property Oct 07, 2026 · 07:32

OnGold launches a $9.3 million drilling program at the TPK project to test mineralised zones.

Drill Results Oct 05, 2026 · 07:01

OnGold secures $5.3m to fund near-mine drilling and sustain operations.

Financings Sep 15, 2026 · 07:31

OnGold’s Monument Bay MRE confirms a 2 million ounce resource while AZ Zone drilling advances with a $300,000 grant.

Drill Results