Golden Pursuit Resources Announces the Discovery of New Mineralization Targets Identified During Its 2025 Exploration Program on Its Myrt Lake and Kidney Pond Properties in the Northwest Territories, Canada
Executive Summary
- Golden Pursuit Resources announced the discovery of two high‑grade gold zones at Myrt Lake (25.2 g/t Au & 133 g/t Ag; 22.7 g/t Au & 36.2 g/t Ag) and a new polymetallic zone at Kidney Pond (16.05 g/t Au, 18.65 g/t Ag, 1.51 % Cu).
- The assay results support the continued high‑grade gold potential of the Gordon Lake district and will be used to satisfy mandatory claim‑maintenance requirements through 2033.
- Company plans further geophysical work and drilling to confirm and expand these targets; a modern QA/QC program and possible metallurgical testing are also outlined.
Key Details
- Myrt Lake – West Zone
- Sample D6‑2: 25.2 g/t Au, 133 g/t Ag, 3.61 % Pb.
- Sample D10: 22.7 g/t Au, 36.2 g/t Ag.
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Both samples collected from gossanous outcrops ~900 m apart, ~2 km west of historic mine workings; orientation NW/SE.
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Myrt Lake – Mineralization Styles
- Arsenopyrite ± pyrite & galena style (e.g., D6‑2, D10).
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Pyrrhotite, chalcopyrite & sphalerite style near former mine area.
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Kidney Pond – New Showing
- Sample 308004: 16.05 g/t Au, 18.65 g/t Ag, 1.51 % Cu.
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Located east of Kidney Pond; indicates polymetallic mineralization.
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Regulatory / Claim Maintenance
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Assay results submitted with 2025 Myrt Lake and Kidney Pond Assessment Reports to meet federal/territorial claim‑maintenance obligations through 2033.
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Future Work Planned
- Additional geophysical surveys (IP, magnetic) and drilling to test the new zones.
- Data validation of historic drill holes, re‑logging/re‑sampling of core, modern QA/QC implementation.
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Potential metallurgical testing to assess extractability.
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Historical Context
- Gordon Lake project has exploration dating back to the 1930s; last sustained activity in 1980s.
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Golden Pursuit acquired and consolidated properties in 2020; permits approved through 2030, including First Nations approvals.
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Infrastructure Outlook
- Company intends to construct a ~30 km all‑weather road linking Gordon Lake to Tibbit Lake, expected to lower exploration and drilling costs.
Notable Quotes
- “The new high‑grade results reinforce the gold potential of the Gordon Lake district and open up exciting opportunities for further discovery,” – Brian McClay, CEO & President.
Materiality Assessment: Non‑Material – Positive (the release provides material exploration updates but does not yet impact financial statements or earnings).