Bocana talks U.S. projects, Arizore venture

Executive Summary

• Bocana Resources provided a multi-faceted corporate update covering exploration activities in Arizona, a joint venture/LOI evolution with Venture Gold Corp. in Colorado, and developments with partner Arizore Ltd. regarding tokenization.
• In Arizona, samples are undergoing extensive assay analysis to determine the presence and concentration of microscopic gold in placer channels, with results to be released once compiled from multiple independent laboratories.
• The company is advancing an umbrella joint venture agreement with Arizore Ltd. to streamline future acquisitions and funding, while also completing a site visit to the Idaho Springs mining district in Colorado as part of its evolving relationship with Venture Gold Corp.

Key Details

• Arizona Project (Pinal County):
  • Recently drilled samples and portions of previously cored samples have been shipped to several accredited independent laboratories for varying assay analysis.
  • Historical reports indicate gold and other precious metals deposited in placer channels, with gold reportedly in microscopic form (historical results not independently verified by Bocana).
  • Bocana is undertaking extensive analytical procedures, including both destructive and non-destructive techniques, to determine the presence and estimated concentrations of precious metals previously reported in a news release dated Aug. 5, 2025.
  • The goal is to identify the most effective and efficient method to determine grade and potential processing methods for recovery.
  • Final assay results will be made available once received and compiled from the multiple labs.
• Colorado Project (Venture Gold Corp.):
  • A letter of intent with Venture Gold Corp. continues to evolve.
  • Management and consulting geologist completed a five-day site visit to the Idaho Springs mining district.
  • Sites viewed included the mill site, multiple stockpiles (dumps) throughout the district, and several prospective nearby sites.
• Arizore Ltd. Partnership:
  • Arizore Ltd. signed a contract to develop an industry-leading precious metals tokenization platform; additional details to be announced in the near future.
  • A joint venture agreement between Bocana and Arizore is evolving, with plans to create an "umbrella joint venture agreement."
  • The umbrella agreement will incorporate several projects under a controlling document, outlining scope, terms, conditions, and responsibilities for current and future activities.
  • The structure aims to speed up negotiations for future acquisitions and facilitate project funding and management processes.

Notable Quotes

• "Our recent site visit to Colorado and our several meetings with Venture Gold's management were very informative and rewarding. They are very focused on their vision for the remediation and redevelopment of the entire Idaho Springs/Central City mining district, and we look forward to being a part of it," said Tim Turner, chief executive officer, Bocana Resources.
• "Additionally, we are very pleased with the ongoing developments with Arizore Ltd. in the tokenization efforts and the expanding relationship that Bocana will have with them."