Northwire Canada EditionFriday, November 6, 2026
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Gold 4,073.60 −1.0% Silver 52.10 −0.5% Copper 6.26 −0.2% Oil 90.36 −0.2% Palladium 1,024.00 −1.9% AMX 3.53 −4.8% TSG 0.225 +0.0% EVI 0.380 −2.6% AGA 0.445 −8.2% BNKR 2.64 −8.0% SURG 0.410 −4.7% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.410 +1.2% TOM 0.100 −20.0% RRI 0.345 −8.0% PER 0.090 +0.0% SGQ 0.300 −9.1% DMX 0.345 −11.5% DBG 1.32 −3.6% CCO 95.85 −4.2% Gold 4,073.60 −1.0% Silver 52.10 −0.5% Copper 6.26 −0.2% Oil 90.36 −0.2% Palladium 1,024.00 −1.9% AMX 3.53 −4.8% TSG 0.225 +0.0% EVI 0.380 −2.6% AGA 0.445 −8.2% BNKR 2.64 −8.0% SURG 0.410 −4.7% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.410 +1.2% TOM 0.100 −20.0% RRI 0.345 −8.0% PER 0.090 +0.0% SGQ 0.300 −9.1% DMX 0.345 −11.5% DBG 1.32 −3.6% CCO 95.85 −4.2%
Drill Results Routine +

ONGold Granted Diamond Drilling Permits for Gold Ridge and Big Dam at the TPK Project in Northern Ontario

ONGold Secures Drilling Permits for TPK Project Amidst Consolidation; Monument Bay Tungsten Upside Looms

By The Northwire Desk — AI Analysis May 29, 2026 · 07:31 ONAU · 0.8 OnGold Resources Ltd.
Executive Summary
  • ONGold Resources Ltd. received exploration diamond drilling permits for its Ti-pi-ha-kaa-ning (TPK) project in Northern Ontario on May 29, 2026.
  • The permits cover the planned August/September 2026 drill program targeting the Discovery Zone and West Discovery Zone within the Gold Ridge area.
  • Ground EM and gravity geophysical surveys are currently underway during June as part of Phase 1 field exploration.
  • Historical high-grade intercepts from Big Dam (up to 749 g/t Au) and recent 2025 drilling results (high-grade copper-silver-gold mineralization) provide context for the upcoming program.
  • This announcement follows the May 20, 2026 news release where Phase 1 field exploration began and Phase 2 drilling was scheduled for August/September 2026.
Material Impact
  • The receipt of permits is a procedural milestone confirming the execution capability of the previously announced drilling plan (May 20 news).
  • It does not introduce new geological data or assay results, which are typically required to move stock price significantly in junior exploration companies.
  • The market likely anticipated this permit approval given the timeline established in mid-May; therefore, the information is incremental rather than transformative.
  • Positive sentiment is maintained as it validates management's ability to advance projects on schedule, but it lacks the surprise factor of a "Material - Positive" discovery or financing event.
ONAU · Price
Company Overview
  • Company: ONGold Resources Ltd. (TSX.V: ONAU).
  • Flagship Project 1 (TPK): Located in Northern Ontario, focusing on Gold Ridge and Big Dam areas. Recent drilling identified high-grade gold, copper, and silver mineralization. Claim footprint expanded by 46% to ~69,764 ha in November 2025.
  • Flagship Project 2 (Monument Bay): Located in Manitoba, a gold-tungsten project with historical resources of ~3M oz Au. Currently undergoing re-logging and infill sampling for an updated resource estimate expected September 2026.
  • Flagship Project 3 (October Gold): Joint venture with Evolution Mining adjacent to IAMGold’s Côté Gold Mine in Ontario, currently in exploration phase.
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