Northwire Canada EditionWednesday, July 15, 2026
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EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0% EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +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 →

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May 20, 2026 · 07:31

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

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ONGold Reaffirms Monument Bay Grade Potential as Market Discounts Dilution Risks

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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

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Ongold Resources stakes 21,969 hectares at TPK

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