Newsfile Corp
24 Aug 2026, 11:30 UTC · 3h ago
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ONGold discovered the new Sidewinder Zone with grab samples returning gold values up to 10.69 g/t Au. — High-grade surface samples at a previously untested zone suggest significant discovery potential, which typically drives speculative buying in junior miners.
+0.60The company identified a new EM target 250 metres north of a known gold-bearing quartz-stockwork zone at Gold Ridge. — Expanding the footprint of known mineralization via geophysics increases the probability of success for upcoming drilling.
+0.40The planned 2026 summer drilling program was rescheduled to the fall due to wildfires in northwestern Ontario. — Operational delays in drilling postpone the delivery of high-impact assay results, creating a temporary vacuum in catalysts.
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Phase 1 exploration included geological mapping, soil sampling, and gravity/EM surveys to finalize targets for the fall drill program. — Standard exploration progression that reduces geological risk but does not provide immediate valuation uplift.
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The company reported positive results from its Phase 1 field exploration program, identifying new high-grade gold targets.
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