At $5,000 an Ounce, the Next Wave of Gold Mines Is Already in the Ground

Executive Summary

• Lake Victoria Gold completed a 21‑hole drill program at the Imwelo Gold Project (Tanzania) delivering multiple high‑grade intercepts and confirming mineralization beyond current pit limits.
• Collective Mining, Omai Gold Mines, Radisson Mining and NevGold also disclosed significant drill results or resource updates on their respective projects, indicating expanded gold resources across several jurisdictions.

Key Details

• Lake Victoria Gold (LVG) – Imwelo Project, Tanzania
• 21 holes completed; analytical results received.
• Highlight intercepts:
  • 11.88 g/t Au over 1.33 m from 169.75 m depth.
  • 9.31 g/t Au over 2.45 m from 130 m depth.
  • 6.96 g/t Au over 2.56 m from 132.80 m depth.
• Mineralization now shown to extend >250 m vertical depth (historical limit ≈200 m).
• Average intersection depth ~120 m, double historic drilling depth (~50 m).
• Two geotechnical holes provided oriented core for slope and ramp design, supporting final pit‑shell optimization.

• Results support potential upgrade of inferred resources to indicated classification.

• Collective Mining (CNL) – Guayabales Project, Colombia

• Ramp Zone drill hole APC150‑D1 intersected 54.55 m grading 7.04 g/t Au and 16 g/t Ag from 189 m depth.

• Approximately 370 m of core pending assay; company expects further high‑grade intercepts.

• Omai Gold Mines (OMG) – Wenot Deposit, Guyana

• Intercepts: 4.18 g/t Au over 14.6 m and 3.73 g/t Au over 17.3 m.

• Initiated a 50,000‑m drill program to upgrade inferred resources to indicated and test expansion targets.

• Radisson Mining (RDS) – O’Brien Gold Project, Quebec

• Updated mineral resource estimate shows an 82 % increase in inferred resources to 1.69 Moz Au at 5.08 g/t.

• Based on step‑out drilling extending mineralization beneath historic mine workings; only 25 % of a planned 140,000‑m program completed.

• NevGold (NAU) – Limousine Butte Project, Nevada

• Discovery of the Armory Fault with intercept of 8.51 g/t oxide AuEq over 10.6 m (including 8.11 g/t Au and 0.10 % Sb).
• Fault identified as a structural control for high‑grade oxide gold‑antimony mineralization, enhancing project economics.

Notable Quotes

• “These results further validate Imwelo as a near‑term production asset.” – Marc Cernovitch, President & CEO, Lake Victoria Gold.
• “An amazing opening salvo for Ramp Zone hole APC150‑D1… we eagerly anticipate assays that could yield one of our strongest intercepts yet.” – Ari Sussman, Executive Chairman, Collective Mining.
• “We are excited to have commenced a 50,000‑metre diamond drill program to further expand the overall Omai gold resources.” – Elaine Ellingham, President & CEO, Omai Gold Mines.
• “The discovery of the Armory Fault… is transformational from an exploration standpoint.” – Brandon Bonifacio, President & CEO, NevGold.