Carlin Gold's Ivy Copper-Gold Project DC Resistivity-IP Survey Targets Identified

On November 13, 2025, Carlin Gold announced the results of a DC Resistivity-Induced Polarization (IP) survey on its 100% owned Ivy Project in Nevada. The survey successfully identified significant and continuous IP anomalies that are coincident with the mapped Main Skarn Zone (MSZ). These anomalies are open on strike and at depth, providing clear drill targets. The company noted that the survey successfully tested for both a buried copper mineralized skarn body and a potential deeper causative source. In conjunction with the survey, the company has staked an additional 53 claims, bringing its total land package at the Ivy Project to 161 claims. Carlin Gold is now developing a formal drill program to test these targets.

The news is materially positive as it significantly de-risks the next and most critical stage of exploration: drilling. For an early-stage exploration company like Carlin Gold, moving from a geological concept to having well-defined, large-scale geophysical targets is a crucial value-creation milestone.

• Progression of Projections: The company has systematically advanced the Ivy project. After acquiring it in late 2023, they conducted geological mapping which identified the MSZ. This led to the IP survey, which was designed to test specific models. The positive results of the survey confirm their geological interpretation and provide a strong technical justification for a drill program. This is a logical and successful progression.
• Context of Recent Financing: In early October 2025, the company raised a modest $240,000 at $0.30 per unit. At the time, this was a premium to the market price. The stock subsequently experienced a dramatic re-rating, rising from the $0.20s to a high of $0.80. This latest news provides the fundamental justification for that price move, as the market was clearly anticipating positive exploration results.
• Impact on Valuation: The identification of "large and continuous" drill targets is precisely what investors look for ahead of a discovery drill campaign. While not a discovery in itself, it elevates the Ivy project's potential in the eyes of the market. The announcement provides a solid foundation for the current valuation and sets the stage for the next major catalyst, which will be the drill results. The news is in line with optimistic expectations and confirms the company is on the right track.

Carlin Gold Corporation is a junior mineral exploration company focused on projects in Nevada, USA. Its flagship asset is the 100% owned Ivy project, an early-stage copper-gold skarn prospect located in northeastern Nevada. The company is currently focused on advancing the Ivy project towards a maiden drill program. The property is subject to a 1% net smelter production royalty (NSR) on gold and silver and 0.75% on all other metals.