Galactic Gold Company (TSXV: GGAU) (“Galactic Gold” or the “Company”) is pleased to announce the completion of the Airborne VTEM geophysical survey on the Hardrock West Project. The results of the geophysical survey, which includes approximately 2,400 kilometers of survey coverage, will be combined with the company’s Phase 1 area-wide targeting study to identify and confirm high-priority drilling targets in the Hardrock West claim area. Galactic Gold’s 100%-owned Hardrock West Property in northwestern Ontario is on strike with mine prospects from Equinox Gold’s Greenstone Gold Mine about 10 km to the west.
CEO Ken Perry commented: “ The completion of a property-wide geophysical survey has validated our initial exploration model and identified several high-priority target areas for the upcoming summer field program. When combined with our historical drilling database and Phase 1 targeting study, these results highlight the exceptional scale, continuity and potential of the Hardrock West land package.
By applying modern exploration techniques and developing a unified geological model across what has historically been a fragmented and independently explored region, we have achieved a level of region-wide interpretation that has not previously existed, to our knowledge. Galactic is located close to a major gold production operation and benefits from a proven exploration framework within a highly efficient geological system. We believe this enables the company to unlock significant value and solidify its position as a compelling gold exploration story in 2026.
The results of total magnetic intensity (TMI) and electromagnetic (EM) surveys completed by Geotech Ltd will be used. To prioritize key structural corridors and conductive horizons that may host gold mineralization across the property (Figure 1). The surveys have produced a flat, high-resolution geophysical dataset covering the entire project area, providing an important basis for future exploration.
The primary objectives of the surveys are to identify and prioritize basement conductors and magnetic properties, characterize lithological and structural variations, and refine high-priority diamond drilling targets for the 2026 exploration program. Integrating these datasets with historical drilling and geological information will support the development of a comprehensive exploration model and enhance targeting efficiency across the project.
Figure 1: Preliminary results of an airborne EM survey conducted by Geotech Ltd. Conductive prospects in the main claim block of Galactic Gold Corp’s Hardrock West project.
The ongoing Phase 1 data collection program is focused on digitizing more than 600 drill holes, 200 channel samples, more than 2,000 surface grab samples, and geo-referenced historical maps across the Hardrock West project area. The Diamond Drilling Database has prioritized historical gold assays, base metallurgy results, and geochemical track discovery elements to support the assessment of the mineral prospects of the planned 2026 drilling campaign.
The primary objective of the 2026 drilling program is to identify gold resources in areas containing significant historical drilling intercepts by testing key rock, structural and mineral corridors. This work is a critical step towards establishing a comprehensive mineral systems framework and integrated exploration model for the project, providing the foundation for future resource growth and exploration targeting.
Research conducted by Laurentian University’s Metal Earth Initiative has identified major crustal-scale structures extending across the property, supporting the presence of the Mountain Gold System. Given its proximity to a major gold producer, Hardrock West benefits from well-established infrastructure and a well-prepared geological environment.
Galactic Gold’s multi-year exploration strategy includes near-term diamond drilling in four priority target areas: the recently acquired Sturgeon Bridge claims, the Kowalski Lake area, the Salomon’s Pillars area, and the Angle & Watson Lake area. Drilling permit applications have been prepared for the Ministry of Energy and Mines (MEM) and will support the company’s efforts to expand areas known for historic gold mining throughout the property.
The company has also submitted applications for the 2026-2027 Ontario Junior Exploration Program. This program is on a first-come, first-served basis and funds up to $200,000 in exploration expenses, subject to approval.
Qualified person
Jason Arnold, P.Geo., President of DCX Geological Consulting is a qualified person as defined in NI 43-101 and has reviewed and approved the scientific and technical information contained in this news release. Mr. Arnold is a consultant to the Company and is not independent of the Company within the meaning of NI 43-101 – Disclosure Standards for Mineral Projects. Mineralization found on adjacent and/or nearby properties, especially in relation to adjacent mineral reserves/resources, is not necessarily indicative of mineralization that may be present on the Company’s properties.
About Galactic Gold Company
Galactic Gold is a resource development company focused on unlocking the full potential of its 100% owned Hardrock West property, located in Ontario’s top-tier mining region. Galactic Gold is located between the Equinox Gold Greenstone Mine and Equinox’s Brookbank deposit along what Laurentian University identified in its Metal Earth research, creating mountainous superstructures across the Galactic Gold property underscoring the project’s strong potential for value creation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement regarding forward-looking information
This press release may contain forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are often characterized by words such as “plans,” “expects,” “plans,” “intends,” “believes,” “anticipates,” “estimates,” “proposes,” “indicates” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, but are not limited to, statements regarding the Company’s current plans and business objectives. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from events or results estimated, anticipated, implied or expressed in such forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of assumptions that may prove incorrect, including, but not limited to: assumptions regarding future metal prices, debt and equity financing market conditions, receipt of regulatory approvals, and other factors. All forward-looking statements attributable to the Company and persons acting on its behalf are qualified by cautionary statements. Any forward-looking statement speaks only as of the date on which it is made, and except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events may differ materially from those anticipated in such statements. Accordingly, undue reliance should not be placed on such statements due to their inherent uncertainty.
