Big Ridge Gold continues PEA of Hope Brooke

Executive Summary

• Big Ridge Gold Corp. provided a strategic update on its flagship Hope Brook Gold Project (HBGP) and the Destiny Gold Project, outlining key milestones and operational progress for 2026.
• The company is advancing a Preliminary Economic Assessment (PEA) for HBGP, targeting completion in the first half of 2026, while simultaneously producing high-grade copper-gold concentrate samples for offtake discussions.
• Partner Caprock Mining is completing Phase I drilling at the Destiny project, with initial assay results expected in Q1 2026, targeting high-grade mineralization previously identified in historical holes.

Key Details

• Hope Brook PEA: Engaged SGS Geological Services in late 2025; the PEA is on track for completion in the first half of 2026.
• Metallurgical Results: Recent testwork on Hope Brook ore produced high-grade Cu-Au concentrates ranging from 26% to 30% Copper (Cu) and 270 to 539 grams per tonne (g/t) Gold (Au).
• Historical Context: Hope Brook produced ~750,000 ounces of gold between 1987 and 1997. Historical flotation concentrate graded ~22% Cu and 34.28 g/t Au.
• Project Location: HBGP is located on the southwest coast of Newfoundland and Labrador, described as a Tier 1 jurisdiction with tidewater access, which the company believes will attract offtake partners and support financing.
• Destiny Project Drilling: Big Ridge owns 20.25 million shares of partner Caprock Mining. Caprock commenced Phase I drilling in Q4 2025 targeting deep-seated, high-grade mineralization. Historical holes intercepted gold grades as high as 26 g/t Au. Initial results are expected in Q1 2026.
• Investor Events:
  • Michael Gentile Mining Showcase: January 27, 2026.
  • PDAC Convention: March 1–4, 2026.
• Resource Estimates (Hope Brook):
  • Indicated: 16.19 million tonnes at 2.32 g/t Au for 1.2 million ounces (0.4 g/t cut-off).
  • Inferred: 2,215,000 tonnes at 3.25 g/t Au for 231,000 ounces (2.0 g/t cut-off).
  • Valuation basis: Long-term gold price of $1,750 USD.
• Infrastructure: Site includes a 28-person camp, 1,100-meter airstrip, ice-free docking facility, and connection to the provincial electrical grid.

Notable Quotes

• "Two thousand twenty-five was a significant year for Big Ridge and the company expects to build on that success by completing significant milestones in 2026. We have been working diligently preparing representative concentrate samples from Hope Brook ore for marketing studies and offtake discussions and the preliminary economic assessment remains on track. We are also anticipating initial assay results from the Destiny gold project in the coming weeks, where our project partner, Caprock Mining, is completing its phase I drill program." — Michael Bandrowski, President and CEO