Corporate Update - QCM Property Exploration Update
Kestrel’s exploration confirms option work, but $73k cash demands immediate capital raise.
Kestrel Gold Inc. (KGC) has issued an exploration update regarding its 100%-owned QCM Property in British Columbia. The update follows the February 2026 release of 2025 drill results and the October 2025 confirmation that Centerra Gold met the minimum 13,500m drilling requirement under its option agreement.
Centerra Gold’s 2025 drilling program defined the Main Zone, measuring approximately 500m long, 180m wide, and 180m deep, with an average grade of 0.5 to 0.8 g/t Au. The program also defined the 14 Vein, which measures approximately 200m by 20m, averaging 0.4 to 0.6 g/t Au.
The 2026 surface program is focused on the Flagstaff showing, where management collected 784 Priority 1 soil samples and documented structural and alteration characteristics. Assay results from this work are anticipated in late August 2026.
Management plans to conduct site visits in Q3 2026 and is actively evaluating new projects in western Canada and South America.
Kestrel Gold Inc. (KGC) released a routine follow-up update that aligns with previous expectations and the terms of the Centerra option agreement. The announcement confirms that Centerra is progressing toward its $6.5M exploration commitment by May 2029. However, the update does not disclose any new high-grade intercepts, resource expansion, or metallurgical breakthroughs beyond previously reported >90% recovery rates.
The update does not alter the company's financial position, near-term liquidity, or risk profile. Given the company's sub-$4M market capitalization and critically low cash balance, this exploration activity is expected and incremental. It does not constitute a market-moving catalyst.
Kestrel Gold Inc. is a pre-revenue junior explorer focused on hard rock gold targets in Western Canada. Its flagship asset is the 100%-owned QCM Property in central British Columbia, which is being explored under an option agreement with Centerra Gold. Under the terms of the agreement, Centerra can earn up to a 75% interest by paying $900,000 and completing $6.5 million in exploration expenditures, including at least 13,500 meters of drilling, by May 7, 2029. The company also holds a secondary asset, the King Solomon Dome project in the Yukon, where exploration is currently suspended pending strategy development and a potential joint venture partner.