Summer Fieldwork Underway at Gold Finder's West Madsen Gold Project, Red Lake, Ontario
Gold Finder begins summer fieldwork at West Madsen, securing exploration continuity through OJEP funding.
Gold Finder Resources Ltd. (GLD) announced the commencement of summer 2026 fieldwork at its 100%-owned West Madsen Gold Property in the Red Lake Gold Camp, Ontario. The current program focuses on geological mapping and prospecting to define the Balmer-Confederation unconformity contact zone and evaluate lithologies for gold mineralization targets. The company confirmed receipt of funding from the Ontario Junior Exploration Program (OJEP), part of a broader CAD $10 million provincial investment in junior exploration.
The update references a recent 4,000-metre drill program by neighbor West Red Lake Gold Mines (WRLG) at the Starratt-Olsen Mine, located 2.7 km northeast of the property. Previous fall 2025 programs identified Balmer ultramafic rocks farther south than previously mapped, near gold-in-soil anomalies. Historical drilling results are reiterated, including:
- 14.4 g/t Au over 0.5 m (2020)
- 0.85 g/t Au over 9.44 m (2024)
The company secured OJEP funding, which covers a fraction of its exploration budget. This support is incremental and does not materially alter the company's capital requirements or project timeline.
The update did not disclose any new drill results, resource definitions, or economic studies. Instead, it serves as a progress report on ongoing activities. Market impact is expected to be neutral to slightly positive, as the exploration activities and funding were already anticipated by investors tracking the company's 2026 work plan.
Gold Finder Resources Ltd. (GLD) is a Canadian mineral exploration company listed on the TSX Venture Exchange and OTCQB. Its flagship asset is the West Madsen Gold Property, a 5,988-hectare project located in the Red Lake Gold Camp. The property adjoins West Red Lake Gold's Madsen Mine and hosts an approximately 7-kilometer gold trend along the Balmer-Confederation crustal contact.
The company is currently in the discovery and exploration stage, with no mineral resources, reserves, or production established. Other assets include the Slate Falls, Pipestone Bay, Pakwash North, and McDonough properties, all of which are in early-stage target definition or historical sampling phases.