ONGold Resources Limited. (TSXV: they; OTCCP: UNRFIt said it had obtained diamond exploration permits for planned drilling programs at the company’s Ti-pi-ha-kaa-ning (TPK) project, located in northern Ontario.
The TPK claims are located on the regional communities’ winter road network, which connects directly to the access road to the Musselwhite Gold Mine north of Pickle Lake. The drilling program planned for August and September will focus primarily on the Discovery Zone and the West Discovery Zone within the Gold Ridge Zone, where ONGold’s successful 2025 drilling program has returned high-grade gold, copper and silver mineralization.
An EM geophysical and geogravimetric survey is being conducted during the June field program to help identify additional drilling test targets in both areas.
The newly issued permits also cover the TPK Project’s Grand Dam Zone, where historic drilling such as hole TPK-10-004 from the Goose Lake area intersected several gold-bearing intervals, including 25.9 g/t gold over a core length of 13.5 meters (149.3 to 162.8 metres) including 46.0 g/t gold over a 0.5 meter core. (153.0-153.5). m), 139.4 g/t gold over 1.7 meters (156.8-158.5 metres), 749.0 g/t gold over 0.3 meters (157.2-157.5 metres) and 127.0 g/t gold over 0.7 meters (162.0-162.7 metres), as previously disclosed by the company with reference to historical results from previous operators.
ONGold is pleased to have obtained the required permits for the 2026 drilling program following ongoing collaboration with local indigenous communities. The Company values the constructive relationships and ongoing engagement that have supported exploration activities at TPK and remains committed to the responsible and respectful development of the project.
The Gold Ridge drilling program is expected to begin in mid-August and continue until mid-September. This program is designed to pursue high-grade cross-cut mineralization during the 2025 drilling campaign and to further evaluate the geometry, continuity and controls of mineralization within the Gold Ridge system. The planned drilling operations have been optimized using the results of recent structural interpretation, petrological analysis and detailed geological mapping completed across the target area last year.
The program is expected to test east-northeast and east-trending mineral corridors associated with the Exploration Zone and the Western Exploration Zone, while evaluating the interpreted primary source of the historical high-grade gold identified in the regional geochemistry of the rocks. Results from the 2026 Phase 1 fieldwork are expected to help the company refine progressive drilling targets within the broader Gold Ridge area.
ONGold’s historic exploration and 2025 drilling program have highlighted precious and base metal potential in at least two mineralized corridors within the interpreted gold-copper system associated with the orogenic asset (Figure 2).
Historical Geochemical Anomalies: A southwest-trending glacial geochemical train approximately 4 x 10 km long originates in the Gold Ridge area and has returned values of 727 g/t gold, 111 g/t silver and 4.1% copper.
Historical Drilling and Drilling 2025 – Western Exploration Area: High-grade copper, silver and gold mineralization was identified in the eastbound corridors, including 3.06% copper, 60.3 g/t silver and 1.5 g/t gold at a depth of 1.5 metres, including 11.10% copper, 218 g/t silver and 4.45 g/t gold at a depth of 0.4 metres, in holes GR-25-012 and GR-25-013.
Drilling also identified an anomalous gold-silver zone trending north-northeast in the core of the drilling, highlighting the structural complexity of the area.
Discovery Area: High-grade gold mineralization was identified within a west-southwest trending corridor, including 19.39 g/t gold at a depth of 8.2 metres, including 359 g/t gold at a depth of 0.3 metres, in hole GR-25-011.
The 2025 drilling program also confirmed mineralization previously intersected in the 2012 drilling, including 4.62 g/t gold over 5.5 metres, including up to 20.8 g/t gold above 1.0 metres, in hole NG-12-003C.
Additional historic drilling in the Discovery Zone yielded 13.4 g/t gold, 2.93 g/t silver and 153 ppm copper at a depth of 1.9 metres, including up to 41.5 g/t gold at a depth of 0.6 metres, in hole NG-12-005C. Mineralization at Gold Ridge is also spatially correlated with several high-grade gold rock screening results.
ONGold Resources has significant exploration assets in northern Ontario and northern Manitoba, including the region-wide Monument Bay Gold and Tungsten Project, the TPK Project, the Domain Gold Project and the October Gold Project.
