Kapa Gold Initiates Geophysical Program on 4.5 X 1.8 km Magnetic Anomaly at Blackhawk to Refine Drill Targets

Kapa Gold Inc. initiated a geophysical and geochemical survey program on November 9, 2026, at its Blackhawk Gold Project in California. The company is conducting Induced Polarization and Mobile Metal Ion surveys to target a 4.5 x 1.8 km magnetic anomaly. This work aims to refine drill hole locations for a planned multi-phase exploration drill program totaling 10,000 meters.

The magnetic anomaly is believed to be the source for base and precious metal prospects, potentially indicating skarn-type mineralization in carbonate strata. Management stated that the survey provides greater confidence in positioning drill collars and understanding the relationship between the anomaly and observed mineralization. Permitting for the drill program has been initiated, with drilling timing contingent on survey data interpretation and regulatory approval.

KAPA Gold Inc. (KAPA) announced a geophysical survey as part of the standard exploration lifecycle following its July 2026 private placement. The July financing explicitly designated proceeds for the "next drill program," making this survey a routine preparatory step. The announcement confirms management is executing on stated use of proceeds but does not de-risk the project or provide immediate catalysts for stock price appreciation. No new material information is introduced that alters the company's financial position, dilution profile, or project timeline.

Kapa Gold Inc. is a pre-revenue junior gold exploration company currently in the exploration and permitting phase, with no production or revenue generated to date. Its flagship asset is the 100% owned Blackhawk Gold Project, located in Lucerne Valley, San Bernardino County, California. The project focuses on skarn-type base and precious metal mineralization hosted in thermally recrystallized carbonate strata peripheral to composite stocks.