Blossom Gold Announces the Reopening of Portal #2 Underway at Rosebud
Blossom’s Rosebud portal reopening advances infill drilling toward a Q1 2027 resource update.
Blossom Gold Inc. announced that earthworks to reopen Portal #2 at its Rosebud Project in Nevada began on July 7, 2026, with completion targeted for the week of July 20, 2026. The company plans to remove a concrete plug and rehabilitate approximately 3,000 feet (915 meters) of Decline #2, with completion expected by late October 2026.
Small Mine Development LLC (SMD) is executing the earthworks and rehabilitation, and will also conduct bulk sampling for metallurgical testing and heap leach optimization. Following plug removal, drill bays will be established for underground infill drilling of the open-pit resource, scheduled to commence in Q4 2026. The company aims to release an updated Mineral Resource Estimate in Q1 2027 to support a feasibility study and continued permitting. Work is authorized under a modification to the Federal Notice of Intent (NOI) received in March and a new State of Nevada temporary water pollution control permit (WPCP).
Blossom Gold Inc. (BGAU) confirmed the execution of its previously disclosed operational timeline, which includes a portal reopening in July, decline rehabilitation by October, and drilling scheduled for the fourth quarter. The announcement aligns with the company’s February 12, 2026 operational plan, marking no deviations from the established schedule.
While the progress validates management’s ability to navigate Bureau of Land Management permitting and contractor logistics, the update is described as incremental. It does not introduce new geological data, financial terms, or strategic shifts. Given the explicit timeline provided in prior releases, the market likely priced in this operational milestone, treating the news as a confirmation of execution rather than a catalyst for revaluation.
Blossom Gold Inc. (TSX: BGAU) is focused on the Rosebud Project in Pershing County, Nevada, approximately 50 miles west of Winnemucca. The project is a low-sulfidation Au-Ag epithermal deposit targeted for an open-pit, heap-leach operation.
The company has defined an Inferred Mineral Resource of 70.8 million tonnes at 0.62 g/t Au and 6.49 g/t Ag, containing 1.28 million ounces of gold and 13.4 million ounces of silver. A Preliminary Underground Resource stands at 3.08 million tonnes at 3.94 g/t Au, containing 352,470 ounces of gold.
Acquisition terms include $35 million upfront, a 1% NSR, and a deferred payment if a silver stream is used in financing. The company is advancing permitting and metallurgical testing to support a feasibility study and fast-track development targeting H2 2028 construction.