Northwire Canada EditionTuesday, September 8, 2026
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GOLD 4452.00 −0.6% SILVER 66.75 +0.0% COPPER 6.70 +0.3% OIL 92.70 +1.3% PALLADIUM 1403.00 −0.1% ECOR 3.24 +0.0% WGX 6.38 +0.0% PML 1.91 +0.0% CYG 0.175 +0.0% EM 4.84 +0.0% VRB 0.080 +0.0% JDN 0.230 +0.0% HVG 0.050 +0.0% AUMN 0.305 +0.0% MNRG 0.095 +0.0% SKP 0.165 +0.0% RME 0.235 +0.0% HAY 0.070 +0.0% TIGR 0.900 +0.0% BAU 0.200 +0.0% BEEP 0.215 +0.0% GOLD 4452.00 −0.6% SILVER 66.75 +0.0% COPPER 6.70 +0.3% OIL 92.70 +1.3% PALLADIUM 1403.00 −0.1% ECOR 3.24 +0.0% WGX 6.38 +0.0% PML 1.91 +0.0% CYG 0.175 +0.0% EM 4.84 +0.0% VRB 0.080 +0.0% JDN 0.230 +0.0% HVG 0.050 +0.0% AUMN 0.305 +0.0% MNRG 0.095 +0.0% SKP 0.165 +0.0% RME 0.235 +0.0% HAY 0.070 +0.0% TIGR 0.900 +0.0% BAU 0.200 +0.0% BEEP 0.215 +0.0%
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.

Aug 24, 2026 · 07:31

OnGold’s TPK project assays up to 17.96 g/t Au, with drilling delayed to fall due to wildfires.

Drill Results May 20, 2026 · 07:31

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

Drill Results May 04, 2026 · 07:31

ONGold Reaffirms Monument Bay Grade Potential as Market Discounts Dilution Risks

Drill Results Mar 02, 2026 · 07:02

Unlocking a Forgotten Strategic Asset: Monument Bay’s Gold-Tungsten Potential

Production / Operations Jan 26, 2026 · 07:31

ONGold Advances Monument Bay with Resource Update Amid Strong Drill Results, While Financial Position Tightens.

Resource Estimate Jan 19, 2026 · 07:31

High-Grade Massive Sulphide Discovery at TPK Diversifies Gold Story as ONGold Transitions to District-Scale Developer

Drill Results