Au Gold Corp Finalizes Historical Long Section Reconstruction at its Havelock Gold-Antimony Project, Victoria, Australia

AU Gold Corp. has completed a historical research and long-section reconstruction of the Shaw-McFarlane Trend at its Havelock Gold-Antimony project in Victoria, Australia. The reconstruction identified a central 2.34 km portion of the 9 km trend where historical hard rock production occurred, totaling approximately 17,097 ounces at an average grade of 28.7 g/t Au between 1864 and 1891.

Historical data relies on stamp battery crushing and visual observations by mine workers, predating modern NI 43-101 standards. The company is using the reconstructed data to identify high-grade targets for Phase 1 diamond drill testing. No mineral resources exist yet. Detailed long-section target data and drill rationale will be released shortly.

AU Gold Corp. (AUGC) has released an update that marks a standard, expected step in its exploration lifecycle, confirming the company is preparing for its first modern diamond drilling program. The announcement does not include new assay results or drill intercepts, meaning the market cannot yet price in geological success or resource potential.

The reliance on historical data introduces uncertainty, as past production methods were less rigorous and subjective compared to modern exploration standards. The news is incremental and aligns with previous guidance regarding Q3/Q4 2026 drilling timelines. It does not materially change the investment thesis or valuation.

AU Gold Corp is an exploration-stage company focused on the Havelock Gold-Antimony Project in Victoria, Australia. The project covers 11,663 hectares and features epizonal gold-antimony quartz reefs along the 9 km Shaw-McFarlane Trend. Historic mining between 1864 and 1891 produced approximately 17,097 oz at 28.7 g/t Au, with workings reaching depths of 152 to 274 meters. The company aims to test high-grade targets beneath historical workings and parallel structures using modern diamond drilling.