Category: Project Generators

Elemental Royalty Executes Agreement with KGHM Subsidiary to Option and Explore Four Porphyry Copper Projects in Nevada

Post author By admin
Post date May 27, 2026

Denver, Colorado–(Newsfile Corp. – May 27, 2026) – Elemental Royalty Corporation (TSX: ELE) (NASDAQ: ELE) (“Elemental” or “the Company“) is pleased to announce its wholly owned subsidiary Bronco Creek Exploration Inc. (“BCE“) has entered into an Exploration and Option agreement (the “Agreement“) with Robinson Holdings (USA) Ltd. (“RHUSA“), a subsidiary of KGHM Polska Miedź S.A. (“KGHM“) on four of its porphyry copper projects-Royston, Big E, Tango, and Whiskey-in Mineral and Nye Counties, Nevada. KGHM is a major copper and silver producer with operating mines in Europe and the Americas. The Agreement provides Elemental with execution payments, option payments, and work commitments on the Projects during the six-year earn-in period and grants RHUSA the opportunity to earn 100% interest in the Projects. For any Project in which RHUSA elects to earn-in, Elemental retains a 2% Net Smelter Return (“NSR“) royalty interest as well as Annual Advance Royalty (“AAR“) and certain milestone payments.

Highlights

Exploration and Option agreement executed with RHUSA on four Projects to explore for copper porphyries in west-central Nevada
The Agreement includes execution payments totalling US$315,000 and option payments up to US$600,000 per Project to Elemental over a six-year earn-in period
During the earn-in period, RHUSA will fund up to US$5,000,000 in exploration expenditures per Project
Upon exercise of a Project’s option, Elemental will be granted a 2% NSR royalty, as well as escalating AAR payments, starting at US$50,000 and other milestone payments as the Project advances

The four Projects were generated by BCE as part of its ongoing Western U.S. generative efforts focused on porphyry copper and related systems. Projects are situated within a mining-friendly region which boasts excellent infrastructure and access, and each project presents a unique opportunity to advance an underexplored porphyry copper-(gold-molybdenum) system in Nevada.

David M. Cole, Chief Executive Officer of Elemental, commented: “We are excited to collaborate with KGHM to advance each of these prospective properties in Nevada. The Elemental team continues to identify and generate exploration opportunities at low-cost, and a porphyry discovery on any one of these projects would represent significant value to all parties. This transaction reflects our ability to attract high-calibre partners and operators in Tier 1 jurisdictions, and it continues to build momentum in our growth trajectory.”

Commercial Terms Overview
Under the terms of the Agreement, RHUSA will acquire a 100% interest in each of the Royston, Big E, Tango, and Whiskey Projects by satisfying the following terms on a per-Project basis over a six-year option period. Upon execution, RHUSA will pay US$50,000 in cash, make a payment equal to the previous year’s holding costs, and will make option payments totalling up to US$600,000 during the six-year term of the option agreement. To exercise the option on a Project, RHUSA must spend US$5,000,000 in exploration expenditures on that individual property.

Upon option exercise by RHUSA, Elemental will retain a 2% NSR royalty on each Project. RHUSA will also make AAR payments of US$50,000 per Project, which will increase by US$10,000 per year, until a total of US$1,750,000 has been paid or Commercial Production commences. In addition, RHUSA will make Project milestone payments consisting of: US$500,000 upon declaration of a resource, US$750,000 upon completion of a Preliminary Economic Assessment and US$1,000,000 upon completion of a Feasibility Study.

Overview of the Projects
Royston: Located 30 km northwest of Tonopah, Nevada, the Royston Project hosts a copper-(gold-molybdenum) porphyry system. The upper levels of the porphyry system are partially exposed, however, extensional faulting accompanied by significant westward tilting and the eruption of post-mineral volcanics have buried more prospective portions of the system to the east. A five-hole reconnaissance reverse-circulation (RC) drill program, completed by a previous partner, confirmed the presence of strongly altered quartz-sericite-pyrite zones with anomalous base and precious metals under thin post-mineral volcanic cover. Geophysical surveys have defined robust chargeability anomalies that correlate with abundant sulfide mineralization in concealed host rocks. Two of the RC drillholes encountered strong alteration and increasing mineralization and were cased for re-entry on a follow-up drill program utilizing core tails.

Big E: Adjacent to Royston, the Big E Project comprises a similarly tilted and dismembered porphyry copper-(gold-molybdenum) target. Outcropping porphyry dikes with strong sericite-pyrite alteration at surface project under post-mineral volcanic and alluvial cover to the east. A previous partner completed a widely spaced three-hole reconnaissance RC program, which intersected similar porphyry dikes and associated quartz-sericite-pyrite alteration interpreted to represent the edge of the porphyry copper system. The paleo-down dip projection of the altered porphyry dikes remains untested, and the next stage of exploration will test these structural blocks that may represent the better mineralized core of the system.

Tango: The Tango Project represents a pooled land package between BCE’s claims and Great Western Mining Corporation PLC (AIM: GWMO) claims and targets a porphyry copper-molybdenum system located 100 kilometers west of Tonopah, Nevada (see Great Western news release dated August 12, 2024). Financial benefits from the Agreement that pertain to the Tango Project will be split 70% / 30% between BCE and Great Western respectively. Locally abundant quartz-copper oxide veining and associated widespread sericite pyrite alteration outcrops over an approximate 2-by-2-kilometer area. The outcropping system footprint is bounded by post-mineral volcanic and alluvial cover to north and east. Historical drilling by Conoco and Humble Oil in the 1960’s and 70’s failed to sufficiently test the system, largely due to shallow hole depths and a poor understanding of the alteration vectors. An IP survey completed by GWM in 2021 detected chargeability anomalies which highlight high priority targets within untested zones of the system. The host rock stratigraphy includes Ordovician carbonate units representing additional potential for skarn/replacement mineralization as well as the primary porphyry copper target.

Whiskey: Situated approximately 5km southwest of Tango, Whiskey is a porphyry copper-molybdenum target interpreted as a possible shallower-level analogue to Tango. The Whiskey Project exhibits ASTER anomalies, correlative with silicification and clay-sericite-pyrite alteration observed at surface, which are bounded by post-mineral volcanic cover. Dikes are present at surface and are reported in historical drill logs. In 1980, a historical drill program exploring for gold reported an intercept of 2 volume percent chalcopyrite from 88.4-97.5 m depth, but copper was not assayed in the drillhole. Similarly, historical surface sampling also did not assay for Cu, but results include anomalous Mo, Ag, As, and Hg values. The historical results suggest that modern systematic exploration will reveal additional upside at the Project, particularly since surface mineralization is interpreted to project beneath the post-mineral volcanic cover.

Elemental is looking forward to partner with KGHM and will provide technical and operational support during the option period.

David M. Cole
CEO and Director

For more information, please contact:

David M. Cole	info@elementalroyalty.com
CEO

Tara Vivian-Neal	info@elementalroyalty.com
Investor Relations

www.elementalroyalty.com

NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K

About Elemental Royalty Corporation
Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental Royalty trades on NASDAQ and on the Toronto Stock Exchange under the ticker Symbol “ELE”.

Qualified Person
Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

Cautionary note regarding forward-looking statements and financial outlook
This news release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).

Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the Nasdaq Stock Market LLC, or the TSX, or its Regulation Service Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298986

Tags #Copper, #CopperInvesting, #CopperMiningStocks, #DavidCole, #ELE, #ElementalRoyalty, #KGHM, #MauriceJackson, #Porphyry, #ProvenAndProbable

Base Metals Energy Junior Mining Precious Metals Project Generators

Grizzly Provides Geophysical Program Updates to Define Precious and Critical Minerals Targets at Its Greenwood Projects, BC Canada

Post author By admin
Post date May 25, 2026

Edmonton, Alberta–(Newsfile Corp. – May 25, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that it has recently received results from the Phase 2 Induced Polarization (IP) Survey at the Sappho Target area by Peter Walcott & Associates and the Company has commenced a Phase 1 IP survey at the Greyhound – Motherlode area near the town of Greenwood. In addition, the Company has received the results of early 2026 sampling at the Greenwood, BC Precious and Critical Minerals Project from APEX Geoscience Ltd. (APEX). The collection of a total of 63 rock grab and sand (tailings) samples has resulted in the discovery of one new metal occurrence at the Motherlode Northeast (NE) area, along with a number of excellent copper (Cu) – gold (Au) results from some old workings outside of but along the east side of the Motherlode Pit, the Sunset Pit area, the Greyhound Pit area and at the Sappho Prospect. The targets are all part of the Greenwood, BC Precious and Critical Minerals Project (Figure 1).

The focus of the 2026 program will be additional Induced Polarization (IP) surveys at the Sappho and Motherlode areas, along with trenching and drilling at Midway, targeting the historical Midway Mine. The initial drill program at the Sappho Skarn Target area has been completed with a total of 1,485 m in 7 holes. The core is being logged and sampled and results will be provided as they are received. Additional Phase 2 drilling is also planned for the Sappho area to test the recently discovered and new IP chargeability anomaly to the southeast of the main skarn area. Additional prospecting, mapping and reconnaissance sampling will be conducted across the entire project area throughout 2026.

IP and Sampling 2026 Highlights

Phase 2 Sappho IP results extend the IP Chargeability Anomaly up to 500 m south and 1 km east and is open in both directions (Figures 2 and 3).
The core of the IP Chargeability Anomaly ranges from 30 mV/V up to 85 mV/V in intensity, and in many instances is coincident with a strong resistivity anomaly or in some cases a weak conductivity anomaly (Figures 2 and 3).
A total of 63 rock grab samples were collected in January – February from the Motherlode-Greyhound area, the Motherlode and Phoenix historical tailings areas, from the Sappho skarn target area and the Rock Creek area (Figures 2 and 3).
A new showing, Motherlode Northeast, has been discovered approximately 780 m northeast of the Motherlode pit and recent grab samples have returned up to 5.12 grams per tonne (g/t) Au, 66.7 g/t silver (Ag) and 0.528% Cu (Figures 2 and 3; Table 1).
A number of samples with anomalous Cu and Au were collected from a series of workings along the east side of the Motherlode pit, that have been uncovered with recent logging of the Motherlode area, including four rock grab samples returning a range of 0.709% Cu up to 1.8% Cu and 1.37 g/t Au up to 3.61 g/t Au (Figures 2 and 3; Table 1).
Two rock grab samples collected from a rubble pile previously unsampled at the southeast corner of the Sunset Pit have returned 1.505% Cu and 1.71% Cu along with 2.42 g/t Au and 3.1 g/t Au, and 17.8 and 29.9 g/t Ag (Figures 2 and 3; Table 1).
Grab samples from fine sand and silt at the Motherlode Tailings area and one of the Phoenix Tailings areas has returned up to 0.145% Cu and 0.416 g/t Au from the Motherlode Tailings material and up to 0.16% Cu and 0.831 g/t Au from the Phoenix Tailings material (Figures 2 and 3; Table 1).
A rock grab sample collected from the Sappho Skarn Target returned 4.77% Cu, 0.018% cobalt (Co) and 12.3 g/t Ag (Figures 2 and 3; Table 1).

Brian Testo, President and CEO of Grizzly Discoveries, stated, “The results from the geophysical programs at our Sappho target, Midway and Motherlode area, continue to define the most prospective areas and the potential for new precious metals and critical mineral discoveries. The IP survey has outlined an extensive porphyry type anomaly at Sappho and we are excited to receive drilling results from the Sappho Target. We look forward to additional trenching and drilling at Midway along with additional exploration for significant precious metals and critical minerals prospects across our entire 170,000+ acre land holdings in the Greenwood District!“

Figure 1: Land position and targets discussed in this News Release, Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/298716_49c115b414496a5f_002full.jpg

Figure 2. Greenwood East IP Survey Results and Au Results from 2026 Rock Grab Samples.

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Figure 3. Greenwood East IP Survey Results and Cu Results from 2026 Rock Grab Samples.

To view an enhanced version of this graphic, please visit:
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Table 1. Summary Highlights Rock Grab Samples Early 2026 Exploration.

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Plans for Summer and Fall 2026 Exploration at Greenwood

Trenching, rock and soil sampling along with drilling at the Midway Target area is being planned for summer and fall 2026. The IP surveys are continuing at Motherlode and there are extension lines being planned for Sappho to try and close out the large chargeability anomaly that has been identified in the 2026 surveys to date (Figures 2 and 3). The amount of drilling will depend upon the financing efforts and weather.

Additional results, including the results of the recently completed Phase 1 Sappho Skarn Target drilling will be forthcoming over the next coming months as work progresses and will be presented in additional news releases.

Quality Assurance and Control

Rock, soil samples and core are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and critical minerals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
Email : info@grizzlydiscoveries.com

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-315-1455
Email: nancy@grizzlydiscoveries.com

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.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298716

Tags #DanHurd, #GrizzlyDiscoveries, #GZD, #JuniorMining, #MauriceJackson, #ProvenAndProbable

Base Metals Energy Junior Mining Precious Metals Project Generators

Sage Potash Moves Forward on Drill Program, Appoints Drake Well Service for Sage Plains Project

Post author By admin
Post date May 21, 2026

Vancouver, British Columbia–(Newsfile Corp. – April 29, 2026) – Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) (“Sage Potash” or the “Company”) is pleased to announce continued progress on its previously announced drill program (see news release dated April 07, 2026) at its Sage Plain potash project located in the Paradox basin, southwestern Utah.

Through its drilling management consultant, Westrock Energy Services (USA) Inc., the company has selected Drake Well Service Inc. (“Drake”) to complete the drilling program anticipated to commence in Q2 2026. Located in Farmington New Mexico, Drake is a privately owned service provider with over 60 years of experience in the region in which the Sage Potash claims are located. Among its range of services, Drake provides large rigs used in oilfield well drilling which are the same type of rigs required for accessing the Paradox potash deposits. Drake owns and operates an extensive array of equipment and has the appropriate drilling rig to complete the program in a safe and efficient manner. Drake was selected based on their local reputation for excellent work and commitment to safety. Drake will procure services from about 25 various service providers to deliver the project.

“Sage Potash has completed a comprehensive review of drilling contractors, and we are impressed with Drake’s reputation, equipment availability and their experience in delivering quality programs, dependable service and their commitment to safety. We look forward to working with Drake Well Service along with our management company Westrock and we are confident that they will deliver good value for Sage Potash,” said Pat Varas, Chief Executive Officer of Sage Potash.

Westrock has completed a detailed drilling plan and will provide oversight of all stages of the program. Site construction and mobilization is scheduled to start at the end of May with drilling commencing in early June. Three weeks have been scheduled to complete the drilling and core recovery with demobilization complete by the end of June. An updated resource estimate is anticipated in mid Q3 2026.

The Paradox Basin contains extensive potash deposits including the high-grade Cycle 18 Upper and Lower beds at depths of 2,100 meters (6,890 feet) at the Company’s project site. As noted in the April 07, 2026 press release, the planned drilling program will target these potash beds and is designed to confirm the project contains one of the most prospective solution mining targets in the United States. Results of the drilling program are anticipated to expand the project’s mineral resource, improve the resource classification to advance the project by providing key inputs for continued engineering and development.

About Sage Potash Corp.

Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) is dedicated to the development of its flagship Sage Plain Potash Project, located in the Paradox Basin, Utah. With a large and high-grade resource base, the Company is advancing toward its goal of establishing a secure and sustainable domestic potash production platform in the United States. Sage Potash is committed to food security, environmental stewardship, and creating value for shareholders and stakeholders alike.

On Behalf of the Board of Directors,

J. Patricio Varas, CEO and Director

1 (236) 521-1521

Website: www.sagepotash.com

For media inquiries, please contact:

Marcus van der Made, Investor Relations

IR@sagepotash.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to future events or future performance of Sage Potash, including the satisfactory design and supervision of the Company’s upcoming drill program by Westrock, the achievement of positive results of the drill program, the achievement of targeting Cycle 18 horizons and continuous core recovery, the achievement of satisfactory potash evaluation and hydrogeological testing in the drill program, and the timing of the commencement of the drill program. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading “Risk Factors and Uncertainties” in the Company’s Management’s Discussion & Analysis available for review under the Company’s profile at www.sedarplus.ca. Such forward-looking information represents management’s best judgement based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294810

Tags #Potash, #Sage.v, #SagePlanProject, #SagePotash

Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources and Questcorp Complete Expanded Aeromagnetic Drone Survey at La Union Project

Post author By admin
Post date May 21, 2026

Vancouver, British Columbia–(Newsfile Corp. – May 21, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), with partner Questcorp, the Company has completed an expanded aeromagnetic drone survey at the La Union Project in Sonora, Mexico. The new data refines the drill targets and improves understanding of district-scale geologic structures. Together with property-wide structural mapping and the high-grade Phase 2 sampling results announced May 5, 2026, this information is being used to finalize drill targets ahead of the fully permitted summer 2026 drill program.

Drill roads and pads are being prepared this week, and arrangements with the drilling contractor are progressing rapidly. The geophysics provides greater conviction in the scale of the potential feeder structures and the robust magnetic sources at depth, supporting both the Carbonate-hosted Replacement Deposit targets and the Sediment-hosted, Carlin-like stratigraphic targets discussed below.

Highlights

Expanded drone aeromagnetic survey adds 145 flight lines (193 km) plus 55 km divided into 20 tie lines, for 248 km of total drone coverage building on the 2025 baseline dataset all done with 100m line spacing for quality definition.
Improved imaging of structures beneath post-mineral cover, including the new northwest-trending structures identified by spring 2026 field mapping as a potential ore control creates new drill targets.
Integrates structural mapping with detailed 1:1,000 geologic field mapping of target areas and district-scale 1:5,000 geologic mapping to characterize interpretations at depth that may be associated with mineralization.
An Induced Polarization (IP) geophysical survey is planned to commence shortly as a further input into Phase 2 drill targeting with planned 5 IP lines that will be done concurrent with drilling the first targets and sets up for continued drilling in Phase 2.
Drill roads and pads beginning to be built for upcoming Phase 2 drill program.

“The expanded aeromagnetic survey provides a much clearer view of the La Union Project’s structural framework at depth. Combined with the high-grade sampling results released earlier this month, we now have the data in hand to refine our Phase 2 drill targets with greater conviction,” said John-Mark Staude, President and CEO of Riverside Resources Inc. “The program is progressing well, and our teams are preparing for the launch of drilling in the near term. We are also expanding the drill targets in areas where high-grade gold and base metals were previously mined, and where geophysics can now image potential source targets at depth.”

Survey Overview

The survey was flown with a magnetometer suspended beneath a drone along parallel flight lines, with tie lines flown perpendicular to level the dataset. The expanded grid extends magnetic coverage across the property in all directions relative to the 2025 baseline survey, providing district-wide imaging of structural features and magnetic bodies at depth. The 2025 dataset was a key input into planning the Phase 1 drillholes; the expanded 2026 dataset will allow these structures to be traced more confidently beneath post-mineral cover and build a more complete exploration model for Union.

Photo: Drone operator with an airborne magnetometer at Union, Sonora preparing for drone take off.

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Figure 1: Map showing 100m spaced flight lines (black) and 500m tie lines (blue) relative to the colored data 2025 AeroMag survey that now has been expanded.

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Path Forward to Drilling

The aeromagnetic data is being integrated with the property-wide structural reinterpretation, surface and underground sampling, and the planned IP survey to finalize drill targets. With permits in hand, site access secured, and a drill contractor and geophysical service provider contracted, Riverside and Questcorp remain on track for drill mobilization at the La Union Project in the coming weeks.

Qualified Person

The technical content of this news release has been reviewed and approved by Freeman Smith, P.Geo. (British Columbia), a qualified person under National Instrument 43-101 who is non-independent and the Vice President Exploration for the Company.

About the Union Project

The Union Project is located in northwestern Sonora and shows district-scale carbonate replacement deposit (CRD) mineralization. The project hosts historical mining areas and multiple exploration targets associated with gold, silver, zinc and lead mineralization within carbonates and structurally controlled settings. Riverside operates the project through its Mexican subsidiary while advancing exploration in partnership with Questcorp.

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet with over C$5,000,000 cash, no debt and tight share structure with a strong portfolio of gold-silver, copper, and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Eric Negraeff
Investor Relations
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298255

Base Metals Copper Bullet Mines Energy Junior Mining Precious Metals Project Generators

Coyote Copper Mines Inc. Announces Completion of Its Initial Geophysical Interpretation Revealing a Potential Large-Scale Donut Anomaly Consistent with Major Porphyry Systems

Post author By admin
Post date May 12, 2026

Toronto, Ontario–(Newsfile Corp. – May 12, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“CCMM” or the “Corporation”) is pleased to report the completion and preliminary interpretation of its integrated geophysical and hyperspectral program at the Copper Springs and Gibson claim packages in Arizona.

The results collectively point toward the potential presence of a large, well-developed porphyry copper system, with geophysical signatures that may exceed the scale typically observed in comparable global deposits. This work completes a major component of CCMM’s 2026 exploration plan, which included drone magnetics, hyperspectral satellite imaging, CSEM, MT, 3D IP surveys, and soil geochemistry, as well as geological mapping, sampling, and relogging of historical drill core.

“A Potentially Large Porphyry System Emerging From the Data”

In CCMM’S press releases dated April 9, and April 16, 2026, CCMM outlined its exploration plans.

CCMM initiated a multi-disciplinary exploration program including:

Hyperspectral Satellite Surveys
Drone Magnetic Surveys
MT and 3D IP geophysical surveys
Relogging of historical drill core
Soil Sampling
Mapping, logging, and chip sampling
Channel sampling
Drill permits
Drilling

The purpose of this preliminary work was to help us optimize the drill locations.

CEO Dan Weir commented: “The geophysical information has returned results better than we expected. The Drone Magnetics are showing a massive magnetic low, and the 3D MT-IP geophysics are showing a ‘Donut shape’ around the Magnetic low.”

Weir added: “Many large mining companies look for donut-shaped geophysical anomalies. Normally the donut shapes are 2-3 km in size; we are interpreting an anomaly that is much larger.”

This observation is significant. In global porphyry exploration, donut anomalies of 2-3 km are associated with major copper systems, such as those in Chile, Peru, and the southwestern United States. CCMM’s anomaly appears to exceed this scale, suggesting the potential for a large mineralized footprint.

Controlled-Source Electromagnetic (CSEM) and Magnetotelluric (MT) with 3D Induced Polarization (IP) Inversion

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In the picture above you can see the classic Donut shaped pattern, present on CCMM’s projects. The L shapes are locations of the transmitters, and the crosses were the receivers. It is the IP Inversion, depth slice being shown at 800m elevation.

IP Inversion Results From Surface – Indication of a second Donut shape to the east

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300 metres deep

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650 metres deep

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Still present at 1450 metres deep. Due to the depth we start to lose resolution

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What is a “Donut” Geophysical Anomaly? Also known as the “BHP Donut”

Large Donut = Large Alteration System = Potential for Large Tonnage. A donut anomaly may represent the alteration halo around a porphyry centre.

“Why the Size of the Donut Matters”

The larger the halo, the potential for a larger hydrothermal system that produced it.

At Copper Springs and Gibson:

The magnetic low indicates magnetite-destructive phyllic alteration. (Source: “A ‘donut’ shaped magnetic low often represents magnetite-destructive alteration… around a central core.”)

The surrounding IP chargeability highs and resistivity lows indicate sulphide-rich shells typical of porphyry copper systems.

The scale of the anomaly exceeds the 2-3 km diameter commonly referenced in BHP’s global exploration work.

BHP has used this technique to identify potential targets in regions like Chile (e.g., the Cristal Project near Arica), where a 2-3km donut feature was identified in 2012-2014, signaling a potential buried porphyry.

Serbian Project (Timok): Exploration targets similar to the Majdanpek porphyry copper deposit in Serbia, linked to BHP’s interests, included a donut-shaped high IP chargeability anomaly, which is a key indicator for a pyrite shell.

Please note: The information disclosed concerning BHP’s results is not necessarily indicative to the mineralization found on CMM’s properties.

This combination is consistent with large, multi-phase porphyry systems capable of hosting significant copper endowments.

Multi-Dataset Confirmation Increases Confidence in Scale, The donut signature is not coming from a single dataset.

It is separately confirmed by Drone Magnetics: A large, coherent magnetic low sits at the centre of the project area and centered inside the west donut.

CSEM & MT: Deep conductivity contrasts outline the same geometry at depth.

Hyperspectral Satellite Imaging: A propylitic halo surrounds a potassic core-exactly the alteration architecture expected in large porphyry systems.

When multiple geophysical and geological datasets align on the same geometry, the probability of a significant mineralized system increases substantially.

Geological Mapping Confirms a Multi-Kilometre Hydrothermal System:

– Multi-generation breccias
– Pyrite-chalcopyrite mineralization
– Phyllic and propylitic alteration
– Multiple intrusive phases

These features are consistent with the upper and lateral portions of a porphyry system, and their distribution corresponds to the geophysical footprint of the eastern donut.

Depth Advantage:

Targets Begin at Surface, unlike the adjacent Resolution Mine where mineralization begins at ~1,200 m depth. CCMM’s targets begin at or near surface, significantly reducing:

– Drilling costs
– Time to discovery
– Capital intensity of early exploration

This is a rare advantage in a Tier-1 porphyry district.

In summary, the geophysical surveys outline the following:

Drone Magnetics-
A large, coherent magnetic low sits at the centre of the project area.

3D IP (Chargeability & Resistivity)-
A ring-shaped chargeability high surrounds the magnetic low.

CSEM & MT-
Deep conductivity contrasts outline the same geometry at depth.

Hyperspectral Satellite Imaging-
A propylitic halo surrounds a potassic core-exactly the alteration architecture expected in large porphyry systems.

When multiple geophysical and geological datasets align on the same geometry, the probability of a significant mineralized system increases substantially.

What this means for the Investor:

1. The scale of the anomaly suggests a potentially large porphyry system. Large porphyry systems globally exhibit similar multi-kilometre donut signatures.

2. Multiple datasets confirm the same geometry.
This reduces exploration risk and increases confidence.

3. Targets begin at surface. This accelerates the path to discovery and reduces cost.

4. CCMM controls the land package surrounding the anomaly. This provides full exposure to the upside.

Integrated Geophysical Program – Summary of Technical Parameters

CSEM, MT, and 3D IP (Zonge + Deep Blue Geophysics)

– 59 receiver stations, 7 transmitter dipoles
– Broadband acquisition from 0.01-1,024 Hz
– Joint 3D inversion using DeepBlueEM3D
– High-resolution resistivity and chargeability volumes
– Clear donut geometry confirmed at dept

Drone Magnetics

– 650 line-km over 33 km²
– 50 m line spacing
– Large magnetic low at centre of anomaly

Hyperspectral Satellite Survey (EarthDaily Analytics)

– ASTER + Sentinel-2 + AVIRIS + EnMap
– Mapping of clays, micas, carbonates, Fe-oxides
– Propylitic halo clearly defined

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Drone Magnetic Survey (2026)

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The large blue area in the centre is a magnetic low. Total Magnetic Intensity Map with claim outline, roads, and drill pads indicated.

HyperSpectral – Satellite Survey

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Re-Interpretation of Historical 2D IP (2007)

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Deep Blue Geophysics Re-Interpretation

Deep Blue employed its proprietary DeepBlueEM2D code to conduct 2D Spectral IP inversions of two legacy SIP profiles collected by Zonge in 2007. This provided a 2D model of resistivity and chargeability beneath each profile.

QUALIFIED PERSON

Michael N. Feinstein, PhD, CPG, is the “Qualified Person” under National Instrument 43-101-Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical disclosure contained in this press release. Michael is independent of the Issuer.

Zonge International completed the field work for the CSEM/SIP

Zonge International Acquired CSEM/SIP and broadband MT data on the Copper Springs Project on a 3D grid. Vector stations of Ex, Ey were planned and setup at 59 stations. Roughly half of the stations measured Hx, Hy magnetic fields. 14 transmitter dipoles are planned to be read from 7 transmitter locations.
The transmitted signal was a 100-percent duty-cycle square wave. Initial base frequencies were 0.125, 1, 8, and 64 Hz. Total read time was approximately 2 hours per transmitter dipole.
All MT data was acquired from 0.01-1,024Hz, the data was collected before and after the CSEM/SIP reads. All data was acquired at 4096 samples per second.

A distant remote reference site was deployed. The remote site was deployed away from powerlines, pipelines, and other cultural electromagnetic sources to the extent possible. A location to the SE of the grid was chosen.
ZONGE surveyed the station locations and wire path using Garmin 64s Handheld GPS.
All acquired field data was checked through a QA/QC review and processed daily using the Zonge CSEM and MT Processing workflow. The data was processed in two large batches. One about halfway through the project and once at the end.
Instrumentation consisted of ZONGE broadband ZEN receivers. Magnetic field data was acquired with ZONGE ANT-4 low frequency broadband induction feedback coils. There will be spare receivers on site if possible. The receiver electrodes will consist of rusted steel plates.
The source for the CSEM/SIP data was a Zonge GGT-10, 10 KVA transmitter system. Multiple systems were utilized to minimize delays between transmitter reads If 90% of the source-receiver combinations and 90% of the MT soundings were successfully acquired without equipment failure or operator error.

Zonge Engineering – Drone Magnetic Survey

Zonge covered an area of 33 km2, with lines-oriented east-west at 50-meter line spacing. The approximate total coverage is 650 line-km.
Magnetic data was acquired using a Drone-based magnetometer system. The magnetic system comprises a Geometrics MagArrow cesium vapor total-field scalar magnetometer. The platform is a battery-operated DJI Matrice 300 RTK quad-copter. The magnetometer will be attached to the drone using 3-meter suspension cables. GPS positions and total field intensity data are recorded continuously at a sample rate of 1000 Hz and reduced to 10 Hz during post-processing. Drone speed will be set between 8 and 9 m/s, depending on the terrain. The 10 Hz data sampling interval, acquired at a speed of 9 m/s, yields approximately 1 m data points along flight lines. Flight altitude will be 50m AGL. The line locations are subject to change based on flight logistics, terrain, ground access, and the UAV’s line of visual sight.

Flight paths were planned using Universal Ground Control Station terrain following software and uploaded to the UAV prior to each flight. Elevation data for flight altitude control will be sampled from USGS LiDAR terrain data.
High winds or sudden gusts of wind can cause a pendulum motion in the tow cable, which could set the sensor out of proper orientation. The Geometrics MagArrow has two Micro-Fabricated Atomic Magnetometer (MFAM) sensors ensuring that when one sensor is in its dead zone the other is at its optimum orientation. This avoids reading dropouts during the survey. The MagArrow has a 5nT heading error, which will be compensated for by flying a calibration flight. Data was compensated using software developed by Geometrics.
A base magnetometer recorded continuously at a fixed ground location to allow for diurnal corrections.

Copper Springs Project May 2007 Zonge Engineering 2D IP

250-meter dipoles were used to collect dipole-dipole frequency domain CRIP data on the two CRIP lines completed at Copper Springs. CRIP data collected in a series of receiver transmitter dipole combinations create a pseudo-depth plot referred to as a “pseudosection” (n = 1 is a shallow reading; n = 6 is the deepest). The rule is: The greater the “n” space number, the greater the depth of investigation. Resistivities are calculated from voltage measurements and the array geometry. With this dipole-dipole array it ispossible to electrically image features to depths of 750 meters with the TS2DIP inversion software developed by Zonge. Basic complex resistivity data (CRIP) were collected at 0.125 Hz. The current-controlled waveform produced by the GGT series transmitter at 0.125 Hz approximates an idealizedsquare wave. Deconvolution of the Fourier transform of digitized time-series voltage with an idealized current produces complex resistivity data. This allows four harmonic components to be calculated at the fundamental frequency of 0.125 Hz (0.375, 0.625, 0.875 and 1.125 Hz), providing a total of five measured frequencies per stack. Multiple stacks were collected at each setup.

Dipole-dipole voltage and phase data are displayed as “Apparent Resistivity”, “Raw Phase at 0.125 Hz” and “Three-frequency DC corrected Phase” (3-Pt DC Phase). Multifrequency resistivity and phase data obtained from this single frequency transmitted square wave signal provide sufficient bandwidth to correct “Raw Phase” data for array-based electromagnetic coupling. Induced polarization (IP) is determined from these corrected phase values. Other than differences due to electromagnetic (EM) coupling, phase isdirectly related to “induced polarization IP”. The “Three-frequency DC” (direct current) phase correction is based on a quadratic equation defined by three frequencies: the phase at 0.125 Hz (fundamental frequency)along with the third and fifth harmonic phase data. The “zero” frequency intercept defines a phase value that approximates the IP response. Since the contribution of electromagnetic coupling is theoretically “zero” at “zero” frequency, this results in a reasonably accurate measure of induced polarization IP.

Electromagnetic (EM) coupling levels encountered at Copper Springs were not unusual. EM coupling is proportional to frequency: CRIP data were collected at 0.125 Hz. EM coupling is proportional to the square of the dipole length: while the 250 meter dipole lengths used at Copper Springs will produce electromagnetic coupling, resistivities are reasonably high. EM coupling is inversely proportional to the survey resistivities: the moderately high resistivities encountered at Copper Springs produce minimal EM coupling. A comparison between “Raw Phase at 0.125 Hz” and “Three-frequency DC corrected Phase” (3-Pt DC Phase) pseudosections indicates the degree of the EM coupling present.

Deep Blue Geophysics – Interpretation of Zonge’s Data

Deep Blue Geophysics LLC (Deep Blue) completed specialized Data Quality Assurance/Quality Control (QAQC) and advanced 3D inversion services, for CCMM. This project focused on the integration of broadband Controlled-Source Electromagnetic (CSEM) and Magnetotelluric (MT) data collected by Zonge at the Copper Springs site.

Deep Blue performed a rigorous audit of all Zonge deliverables to ensure the highest data integrity before modeling. This included:
CSEM Analysis: Inspection of response data for each transmitter-receiver pair to ensure signal quality.
MT Analysis: Systematic review of MT response data for each receiver station to identify and mitigate environmental noise or artifacts.
Joint 3D Spectral IP Inversion Deep Blue employed proprietary DeepBlueEM3D platform to conduct a sophisticated 3D Spectral IP inversion, providing a 3D model of resistivity and chargeability. This workflow integrates the CSEM and MT data to provide a unified subsurface model.
Integrated Dataset: Zonge CSEM and MT data was collected at approximately 59 receiver stations using 7 transmitter dipoles
Modeling Parameters: Inversions utilized a frequency range of 0.125 Hz to 1000 Hz to resolve spectral IP (resistivity amplitude and phase).
Staged Modeling Workflow: 1. Stand-alone 3D inversion of MT data. 2. Stand-alone 3D inversion of CSEM data. 3. Joint 3D inversion of the combined MT-CSEM dataset.

Objective: Interpretation & Drill Targeting Following the inversion process, Deep Blue collaborated with Coyote Copper Mines to interpret the 3D volumes. This phase ensures that geophysical anomalies are cross-referenced with geological context to provide prioritized recommendations for future drill-hole locations.

HyperSpectral – Satellite Survey by Earth Daily (EDA)

EDA’s Base Earth Composites (BEC) are unique multispectral datasets that have been specifically engineered to provide the best quality and data coverage over any AOI across the globe.
ASTER data, considered the workhorse of remote sensing (RS) mineral exploration, is used as the base of our Fused BEC data, contributing 6 bands of SWIR data (30 m) to the composite. This is combined with 9 bands from the Sentinel-2 multispectral (MS) dataset to provide better coverage (more bands) and higher resolution (10/20 resolution predominately) over the VNIR.
EDA’s FUSED BEC’s are particularly valued for greenfields exploration, as they provide early indications of mineral alteration (mapping mineral groups as indices, band ratios and (R,G,B) images at a regional scale). This results in the generation of RS maps that may target alteration.
Airborne hyperspectral data (i.e. from USGS or other suppliers), such as AVIRIS Classic is a great source of mineral mapping data, with 224 bands of continuous data with a good medium spatial resolution of 15 m.
New spaceborne hyperspectral data (i.e. PRISMA or EnMap sensors), with hundreds of bands over the VNIR-SWIR provide the capability of mineral species mapping, despite their 30 m spatial resolution. This can be a huge advantage as you have much more confidence that targeted alteration is the ‘right’ composition for the deposit type you are targeting.

Data from the Bare Earth Composite (BEC) multispectral data products will provide insights on compositional variability across the Copper Springs project area. All data will be masked for water, vegetation, snow, cloud, cloud-shadow and topographic shadow (if needed), to eliminate the potential for false-positives. A suite of compositional mapping products from the BEC data will be generated for Fe-oxides, hydrothermal minerals, clays, micas, phyllosilicates and carbonates over the project AOI, and will be used to provide generalized guidance on alteration and lithology compositional characteristics across the AOI (Table 1). Additional processing will be undertaken using transforms like PCA and MNF to map any lithology or significant compositional differences across the study area.
ASTER Emissivity data is also available and will be checked in case it is helpful for highlighting the presence of silicates (i.e. quartz), but it does have limitations at a spatial resolution of 90 m, and there may be gaps in coverage in the north. Lastly, available DEM datasets (including those from AG) will be used to provide elevation and hillshade products to combine with selected BEC products as is found to be useful for visualization.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward Looking Information

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding the commencement of trading of the Resulting Issuer Shares, the business plans and expectations of the Corporation and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to receipt of final listing approval from the Exchange, together with the factors referenced in this news release and Filing Statement, including, but not limited to, those set forth in the Filing Statement under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Corporation has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

For more information, please contact:

Dan Weir
CEO, Coyote Copper Mines Inc.
DanWeir@CoyoteCopper.com
Tel: +1-416-720-0754

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296914

Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources Reports High-Grade Gold, Silver and Base Metal Assays from Phase 2 Field Work at La Union Project

Post author By admin
Post date May 5, 2026

Vancouver, British Columbia–(Newsfile Corp. – May 5, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to report Phase 2 field work results from the La Union Project in Sonora, Mexico. Sampling of near-surface oxidized mine workings returned very high-grade assays that reinforce drill targets ahead of the upcoming program. Detailed channel sampling and reconnaissance mapping have returned high-grade gold, silver and zinc assays at the historical Union Mine and Union Norte targets, while regional reconnaissance has defined three new target areas: Jabalí, La Negra and Ali Hill for follow-up work.

Highlights of Phase 2 Field Work

Union Mine: 2.9 m channel sample averaging 20 g/t gold and 1.83% zinc, including 0.6 m at 91.7 g/t gold, and a 0.3 m interval grading 40% zinc.
Union Norte: 1.0 m channel grading 4.38 g/t gold, 1,413 g/t silver, 7.7% lead and 6.38% zinc; and a separate 1.0 m channel grading 4.25 g/t gold, 1,827 g/t silver and 6.89% zinc.
Creston: selective outcrop sampling returned 10.03 g/t gold with greater than 100 g/t silver and 8.06% lead.
Three new target areas defined: Jabalí, La Negra and Ali Hill from regional reconnaissance carried out alongside detailed sampling
District-wide structural and geological interpretation completed, which will be used to guide drill targeting for Phase 2 drill program scheduled for early summer 2026.

“The Phase 2 field results highlight the strong potential of the La Union district and validate our systematic approach to exploration,” said John-Mark Staude, President and CEO, Riverside Resources Inc. “The multiple ounce high-grade gold, silver and base-metal assays returned from the Union Mine and Union Norte underscore the importance of these targets as we move toward drill testing. Combined with the property-wide structural reinterpretation now in hand, our team is eager to begin the drill program with our partner Questcorp.”

Phase 2 Field Work Overview

The Riverside field team has carried out detailed underground sampling and mapping at the Union Mine and Union Norte targets in addition to reconnaissance across the broader district to identify new exploration targets. A property-wide geological and structural reinterpretation has been completed and will be incorporated into Phase 2 drill targeting. Field work continues, and additional laboratory results from samples already submitted are pending. Highlights from each target area are summarized below:

Union Mine

The historical Union Mine remains one of the project’s primary targets, with the team’s understanding of the structures controlling mineralization within and around the historic mine continuing to improve. Detailed selective and channel sampling has returned high concentrations of gold, zinc and silver, consistent with mineralization styles similar to the CRD (carbonate replacement deposit) districts like Santa Eulalia in Chihuahua and the Taylor Deposit in Arizona. The best channel sample returned a 2.9-metre interval averaging 20 g/t gold and 1.83% zinc, including 0.6 m at 91.7 g/t gold, and a 0.3-metre sample assaying 40% zinc. Channel sampling was not continuous in the underground workings but many areas showed good mineralization and target is robust for the upcoming drill program.

Table 1: Selected channel and selective assay results at Union Mine

Sample ID	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)	Width (m)*
RRI-12962	91.73	11	0.07	0.29	0.4	0.6
RRI-12963	2.11	10	0.04	0.37	0.2	1.0
RRI-12964	0.056	17	0.25	0.13	40.1	0.3
RRI-12965	0.83	50	0.07	0.09	24.1	1.0

*Widths are true thickness as sampling was done perpendicular and on exposed material for all channel samples in this news release.

The Union Mine exploration work has focused on extending mineralization adjacent to and along strike from the historic workings. Drilling at the Union Mine will be a priority of the upcoming drill program.

Union Norte

Union Norte exhibits a similar intersection of structures to the Union Mine, with the principal structure being a 1 to 3-metre-wide breccia zone trending northwest and dipping steeply to the northeast. Low-angle veins and faults filled with mineralization create additional drill targets within the area. Systematic underground sampling, where access permitted, has returned high-grade gold, silver, lead and zinc results.

Table 2: Selected underground sample results – Union Norte

Sample ID	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)	Width (m)
RRI-12927	4.379	1,413	0.75	7.7	6.38	1.0
RRI-12931	4.246	1,827	0.36	3.01	6.89	1.0
RRI-12926	1.622	817	0.34	16.4	0.82	0.8
RRI-13015	3.065	Pending	Pending	Pending	Pending	0.7
RRI-12929	1.887	366	0.04	2.01	0.35	0.5
RRI-12933	1.218	593	0.32	0.51	0.71	1.0
RRI-12932	0.44	107	0.04	1.01	9.22	0.5

Union Norte shows good potential for tonnage and lateral expansion and is expected to be additional area of focus of the upcoming drill program. Over-limit assays were initiated on Union Norte samples returning values greater than 100 g/t Ag; certain batches remain in progress and final over-limit values are pending.

Jabali

Jabali consists of an east-west set of interpreted low-sulfidation epithermal veins, with two main veins spaced 20-30 m apart and minor veins in between. The system is hosted in limestone-dolomite and dips to the north. Drill targets are now being outlined along the veins, with the potential that they connect to a larger feeder system at depth, representing a more significant target for additional holes at Jabali. Seven of the 13 surface samples taken returned gold values in excess of 1 g/t; 8 returned silver values in excess of 50 g/t; and 6 returned lead values in excess of 1%. The highlight results are presented below:

Table 3: 2026 Jabali Sampling Highlights from 11 Samples Received to Date

Sample ID	Au_ppm	Ag_ppm	Cu_%	Pb_%	Zn_%	Width (m)
RRI-12924	3.32	287	0.03	0.26	0.01	1
RRI-12925	37.3	980	0.30	12.7	2.37	1
RRI-12976	10.39	160	0.06	4.71	1.81	0.5
RRI-12981	28.77	88	0.02	2.94	0.13	0.3

Creston

At Creston, quartz veins with galena and breccia-like structures fill fault zones with strikes of 330°-345° azimuth and dips of 40° to 75° to the northeast. Phase 2 sampling has highlighted high-grade areas that will be incorporated into upcoming drill targeting.

Table 4: Selected sample results – Creston

Sample ID	Au (g/t)	Ag (g/t)*	Cu (%)	Pb (%)	Zn (%)	Width (m)
RRI-13002	10.03	>100	0.39	8.06	0.05	Oxidized fragments
RRI-13007	1.42	5	0.01	0.09	0.01	0.5
RRI-12987	0.182	356	0.03	12.8	2.62	0.3
RRI-13008	0.338	>100	0.36	5.23	1.08	1.0

*Batch samples are being processed for the overlimit above 100 g/t Ag. Final results will be available in the future for high silver values.

Figure 1: Location of selected high-grade gold results on La Union Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/295806_ccb8c9cad423d882_002full.jpg

New Target Areas – Jabalí, La Negra and Ali Hill

Field reconnaissance carried out alongside the detailed sampling at the Union Mine and Union Norte has defined three new target areas at Jabalí, La Negra and Ali Hill. Preliminary field observations are encouraging across all three areas, with mineralization styles and structural settings warranting further investigation. Additional laboratory results are pending and will be reported as data becomes available; these targets will be integrated into the broader Phase 2 work program.

Path Forward to Drilling

The results released today, together with the property-wide structural reinterpretation and the expanded aeromagnetic drone survey announced on April 1, 2026, are being integrated to refine drill hole locations for the Phase 2 drill program. With permits in hand, site access secured, and a drill contractor and geophysical service provider contracted, Riverside and Questcorp remain on track for a summer 2026 drilling campaign at the La Union Project.

Qualified Person & QA/QC

The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

All widths in this news release are within 90% or more of true actual thickness as these are from exposures where sampling was done perpendicular to the trend of the mineralized unit.

Rock samples from the exploration program were shipped to ACT Labs in Zacatecas for preparation and analysis. Gold was analyzed using fire assay techniques. A 45 element ICP/EOS analysis using 4-acid digestion methods was used similar to the earlier assay work on the Project. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Standards were inserted into the sample stream by Riverside every 20 samples and blanks inserted every 100 samples. The laboratory also inserts duplicates every 20 samples as an additional check on quality control. The QA/QC was analyzed with a check for any variations in the standards beyond 2 standard deviations and the standards passed.

About the Union Project

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet with over C$5,000,000 cash, no debt and tight share structure with a strong portfolio of gold-silver, copper, and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Eric Negraeff
Investor Relations
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295806

Tags #InvestingInCopper, #John-Mark Staude, #MauriceJackson, #ProjectGenerator, #ProvenAndProbable, #RickRule, #RiversideResources, #RRI

Base Metals Capitalism Morality Energy Junior Mining Precious Metals Project Generators

Jayant Bhandari – Why Societies Take Millennia to Change

Post author By admin
Post date April 30, 2026

April 29, 2026

Modern people believe technology, education, and new institutions can transform societies within a generation or two. They confuse surface-level change with the deep moral and psychological substrate that actually holds a civilization together.

Read the full essay at Counter-Currents →

On Investments

G2 Goldfields (GTWO; $10.25) is being acquired. There is a modest arbitrage upside, but the merger should also enable economies of scale, accelerate the path to production, and reduce corporate expenses. One could sell two July 17, 2026, $50 call options on the acquiring company, GMIN, for every 1,000 shares of GTWO at US$5.10 each, thereby “locking in” a roughly 15% return. Of course, if the merger does not proceed, one could be left exposed.
Gold Resource Corporation (NYSE: GORO; US$1.40) is also being acquired. The arbitrage value is approximately US$1.50. One could sell June 18, 2026, $1.50 put options on GORO for US$0.30 and expect them to expire unexercised.
Star Royalties (STRR; $0.50) is being acquired by Summit Royalties (SUM). There is a 7% arbitrage upside—modest, but still attractive. The merged entity will be run by Drew Clark, who has extensive experience acquiring royalties. I expect to hold SUM after the merger closes.

Jayant Bhandari

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may contain errors. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendations. I will not and cannot be held liable for any actions you take resulting from anything you read here. Conduct your due diligence or consult a licensed financial advisor or broker before making any investment decisions. Any investments, trades, speculations, or decisions made based on any information found on this site, expressed or implied herein, are made at your own risk, financial or otherwise.

Base Metals Energy Junior Mining Precious Metals Project Generators

Coyote Copper Mines Inc. Is Advancing Not Only Its New Zone but Also Focusing on Historical Areas of Its 58 Square Kilometer Arizona Copper Project

Post author By admin
Post date April 30, 2026

Toronto, Ontario–(Newsfile Corp. – April 30, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (the “Corporation”)

In CCMM’S press release dated April 16, 2026 it was announced that CCMM had begun work on its newly discovered sulphide copper zone. The Company also wants to emphasize the historical work and zones, which will be a big part of its exploration programs going forward, including drilling.

Using modern exploration techniques like Drone Magnetic Surveys, MT and 3D IP geophysics surveys as well as having geologists on the ground reassessing and mapping the older historical areas will help the company optimize its drilling program.

Dan Weir, CEO, commented, “We are very excited about the new zone we are exploring, but we don’t want to discount the current and potential value of the some of the other areas within the 58 km² of our Arizona project.”

Please refer to the NI 43-101 technical report dated November 23, 2025
This report can be found on the company’s website. www.CoyoteCopper.com

40 Samples were collected and analyzed as part of the August 2025 site visit. The sampling was focused on the Gibson Structural Corridor (GSC) and the Santa Ana Stock (SAS). Sampling was completed by the Michael Feinstein and Mineoro staff. Samples are marked with spray paint, measured, described, and coordinates recorded from a Garmin handheld GPS. Sampling method utilizes a 2-man team with hammer and chisel, in which, a breaker and catcher work together to collect a volumetrically representative continuous chip sample across the marked interval. Samples are collected in 8 mil poly bags and sealed with zip-tie and numbered tag immediately after collection. Sample sites are labeled and photographed; a hand-sample is retained for reference inventory.

Gibson Structural Corridor

See Page 89 of Coyote Copper’s NI 43-101 Technical report dated November 23, 2025
A copy can be found at www.coyotecopper.com

10 samples were taken across the Gibson Structural Corridor (GSC) in August 2025. Bedrock sampling was located in areas of observed copper oxide mineralization and across structural zones. Historic sorting piles in the West Gibson area were sampled to characterize the historic mineralization.

A total of 10 samples were collected. Copper values ranged from 0.091% to 22.41% with an average value of 6.688% Cu. Silver values ranged from below detection to 69.3 g/t with an average value of 15.6 g/t Ag.

The 4 samples from the West Gibson zone show very high copper grades ranging from 10 to 22%. These were select grab samples, collected from historic ore piles, to characterize the mineralization. Qtz+chalcopyrite veining, massive Chalcopyrite and associated hematite are observed in relation to a set of thin, mineralized porphyrytic dike sets which is parallel to the primary Gibson mine structure. The Silver content of 10.6 to 69.3 ppm is notable.

Sample	Easting	Northing	Elevation_m	Width_m	Cu_percent	Ag_ppm	Mo_ppm
1939401	503536	3688756	1527	1.2	0.09	0.1	9
1939402	503538	3688756	1527	1.5	0.16	0.1	17
1939403	503541	3688755	1527	1.1	0.32	0.1	14
1939404	503450	3688662	1500		19.28	52.3	23
1939405	503450	3688661	1500		13.96	20.5	20
1939406	503450	3688660	1500		22.41	69.3	31
1939407	503437	3688624	1515		10.01	10.6	9
1939408	504612	3687893	1478	2.1	0.87	1	2
1939409	504612	3687896	1477	1.3	0.9	0.9	2
1939410	504601	3687930	1473	1.2	0.66	1.8	2
				Min	0.09	0.1	2
				Max	22.41	69.3	31
				Avg	6.87	15.7	13

Gibson outcrop photo of sample 1939431, 1.6m, with geochemical sample results in chart.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/295116_1c538e71f485989a_001full.jpg

New Property Map with all Zones shown.

To view an enhanced version of this graphic, please visit:
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Santa Ana Area

See Page 84 of Coyote Copper’s NI 43-101 Technical report dated November 23, 2025
A copy can be found at www.coyotecopper.com

Michael Feinstein and CEO, Dan Weir, at the Santa Ana adit, 2022.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/295116_image3.jpg

A total of 30 samples were cut across 41m of outcrop in Santa Ana Canyon and into the Santa Ana tunnel. Primary hypogene mineralization is observed in association with strong, potassic alteration, and this is expressed as a stock-work of type-A and type-B veins with a surface exposure of 120 x 40 m x 20m (L x W x D). Copper values ranged from 0.0881% to 1.379% with an average value of 0.3564% Cu. Molybdenum values ranged from 0.0006% to 0.1233% with an average value of 0.00851 Mo. Silver values ranged from below detection to 2.2 g/t with an average value of 0.75 g/t Ag.

Sample	Easting	Northing	Elevation_m	Width_m	Cu_percent	Ag_ppm	Mo_ppm
1939411	508998	3688954	1532	1.1	0.27	1.2	60
1939412	508998	3688953	1532	1.25	0.21	0.6	12
1939413	509006	3688951	1533	1	0.28	0.1	32
1939414	509006	3688950	1532	1	0.31	0.7	26
1939415	509008	3688950	1532	1.1	0.37	0.4	14
1939416	509010	3688949	1532	1.1	0.35	0.1	57
1939417	509012	3688948	1532	1.2	0.27	0.1	78
1939418	509010	3688950	1532	1	0.45	0.7	8
1939419	509008	3688952	1532	1.1	1.38	1	13
1939420	509014	3688954	1533	1.7	0.3	0.5	11
1939422	509020	3688957	1533	0.8	0.65	2	168
1939423	509020	3688957	1533	1.1	0.42	1.1	16
1939424	509021	3688956	1532	1.3	0.42	0.5	14
1939425	509023	3688957	1532	1.5	0.55	0.6	44
1939426	509023	3688958	1532	1.5	0.54	0.6	34
1939427	509023	3688959	1531	0.9	0.38	0.7	1233
1939428	509016	3688956	1532	1	0.45	0.5	38
1939429	509006	3688953	1533	1.5	0.27	2.2	186
1939430	508989	3688963	1531	1.5	0.23	1.7	42
1939431	508989	3688964	1531	1.6	0.24	0.9	39
1939432	508986	3688966	1529	1.2	0.26	0.5	6
1939433	508985	3688968	1529	1.2	0.26	0.5	7
1939434	508985	3688969	1529	1.5	0.18	0.9	22
1939435	508984	3688971	1528	1	0.42	1.9	27
1939436	508982	3688972	1528	1	0.15	0.4	9
1939437	508982	3688974	1528	1	0.24	1.2	145
1939438	508980	3688978	1528	2.7	0.3	0.7	9
1939439	508979	3688981	1527	3.1	0.21	0.6	15
1939440	508952	3689079	1508	3	0.09	0.3	22
1939442	508951	3689104	1502	1.1	0.29	0.6	174
				Min	0.09	0.1	6
				Max	1.38	2.2	1233
				Avg	0.36	0.8	85

Sampling completed during the August 2025 site visit was overseen by Michael Feinstein, QP, and carried out in an un-biased, representative nature. All samples were collected under Mineoro protocols and QA/QC procedures, securely stored, and maintained through submission to American Assayers Lab, an ISO-9001 certified facility. Samples undergo preparation (dry, crush, pulverize), four-acid digestion, and ICP-MS analysis for 51 elements. Samples returning more than 10,000 ppm copper were re-assay by ore grade methods.

Over-limit samples were re-analyzed by OG62 methods which involves a 4-acid digestion and analysis using ore-grade calibrations. All samples were collected under Mineoro protocols and QA/QC procedures, securely stored, and maintained through submission to American Assayers Lab, an ISO-9001 certified facility. Quality Control samples were inserted every 20 samples (5%). All certified reference standards were supplied by Analytical Solutions Ltd., of Toronto, Ontario. Certified reference standards returned values within 1% of certified values for Cu, Mo, and Ag; the results are deemed to be valid. American Assay Laboratories is independent of the issuer.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/295116_image4.jpg

Historic copper production as of December 31, 2020.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/295116_image5.jpg

Source: from Briggs, 2021 Table 1, unmined copper reserves, and unmined copper resources in Arizona’s Copper Triangle (N/A – no data reported)

Historic production and resources from the Capstone’s Pinto Valley property, just north of CCMM’s projects.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/295116_image6.jpg

Source: modified from U.S. Bureau of Mines data, and Briggs, D.F, 2022. Geology and History of the Globe-Miami Region, Gila and Pinal Counties, Arizona; Arizona Geological Survey, CR-22-B, Table 18, Page 152

Since 1974, the Pinto Valley project has produced 4.7 billion pounds of copper and nearly 22.5 million pounds of molybdenum (Table 18). At its current rate of production, proven and probable ore reserves as of December 31, 2020 (407 million tons, averaging 0.31% copper and 0.007% molybdenum) will sustain operations until 2039 (Capstone Mining Corporation, 2021).

Dan Weir, CEO, commented, “CCMM’s projects have multiple zones with similar geology found throughout the Copper Triangle. We are targeting to have the same or larger resources and similar or larger grades than Pinto Valley and/or other mines in the area.”

Please note, the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.

QUALIFIED PERSON

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

For more information, please contact:

Dan Weir
CEO, Coyote Copper Mines Inc.
DanWeir@CoyoteCopper.com
Tel: +1-416-720-0754

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295116

Base Metals Energy Junior Mining Precious Metals Project Generators

🥇 Central Banks Buying and Selling Gold in 2026

Post author By admin
Post date April 29, 2026

Published 1 week ago

on April 21, 2026

By Niccolo Conte

Central Banks Buying and Selling Gold in 2026

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover data-driven charts from a variety of trusted sources.

Key Takeaways

Emerging market central banks continue to accumulate gold as a hedge against geopolitical risk.
Russia and Turkey lead gold sales in 2026, reflecting domestic and fiscal pressures.

This visualization highlights which central banks are buying and selling gold so far this year. The data reveals a clear divide between buyers in emerging markets and sellers facing economic constraints.

The data for this visualization comes from the World Gold Council. It shows net changes in central bank gold reserves by country as of February 2026.

Poland Leads Strategic Gold Accumulation

Poland is the largest gold buyer in 2026, adding over 20 tonnes to its reserves. This purchase is part of a broader multi-year plan to reach 700 tonnes, reflecting heightened security concerns on NATO’s eastern flank.

Other notable buyers include Uzbekistan and Kazakhstan, which have steadily increased gold holdings in recent years.

Country	Net Change in 2026 (Tonnes of Gold)
Poland	20.23
Uzbekistan	16.48
Kazakhstan	6.51
Malaysia	4.98
Czechia	3.36
China	2.18
Cambodia	1.69
Indonesia	1.51
Serbia	0.99
Philippines	0.46
El Salvador	0.29
Singapore	0.20
Malta	0.12
Mongolia	0.08
Egypt	0.06
Qatar	0.02
Mexico	-0.02
Belarus	-0.05
Kyrgyzstan	-1.07
Bulgaria	-1.88
Turkey	-8.08
Russia	-15.55

Diversification Away From Dollar Reserves

The freezing of roughly $300 billion in Russian central bank assets in 2022 marked a turning point for global reserve management.

Since then, countries like China and several Central Asian economies have accelerated diversification into gold. Unlike foreign currency reserves, gold is not subject to foreign jurisdiction, making it attractive in a fragmented geopolitical landscape. Even smaller buyers, such as Cambodia and Serbia, are gradually increasing their allocations.

Why Russia and Turkey Are Selling Gold

On the selling side, Russia and Turkey stand out as the largest net sellers in 2026.

Russia’s gold sales reflect mounting fiscal pressures tied to war spending under ongoing sanctions.

Meanwhile, Turkey’s reduction is driven by domestic policy, including efforts to stabilize the lira and manage local gold demand.

Source: https://elements.visualcapitalist.com/central-banks-buying-and-selling-gold-in-2026/?mc_cid=026b0cf83e&mc_eid=5c5bffba2f

Base Metals Energy Junior Mining Precious Metals Project Generators

Grizzly Mobilizes Drilling and IP Crew to the Sappho Critical Minerals Target Greenwood, British Columbia

Post author By admin
Post date April 28, 2026

Edmonton, Alberta–(Newsfile Corp. – April 28, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that a crew from Full Force Drilling Ltd. (“Full Force”) of Peachland BC, has arrived in Greenwood and has commenced drilling critical minerals skarn targets co-incident with a high conductivity anomaly at the Sappho area. Grizzly intersected skarn along with porphyry type alteration and anomalous copper- silver – gold – platinum group elements (Cu-Ag-Au-PGEs) in three of four 2010 core holes. Historical 2010 drilling by the Company yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd and 6.57 g/t Ag over 6.5 m core length in skarn at Sappho (in hole 10SP03). These and other higher grade zones are associated with high Cu and are contained within wider anomalous intervals including a 63.5 m core length zone logged as a pyroxene – sulphide skarn with a grade approaching 0.7% copper equivalent derived from current metal prices for Cu, Au, Ag, Pt and Pd.

In addition to drilling, Peter E. Walcott and Associates (PEWA) of Coquitlam, BC has mobilized to Greenwood to continue a Induced Polarization (IP) surface geophysics program that was commenced in early 2026 to follow up excellent prior results from both surface sampling and historical drilling at the Sappho Critical Minerals Target (Figure 1). A significant chargeability anomaly was identified (See February 26^th, 2026 Company News Release) and will be followed up with an extension to the Phase 1 survey. Induced Polarization surveys will also be conducted at the Greyhound-Motherlode area over the coming weeks in the search for additional skarn and porphyry targets (Figure 2).

Sappho Prior Work Highlights

The Geological Setting is the East Fault Contact of the Toroda Graben with numerous pyroxenite-monzonite-diorite (older) and younger QFP-diorite (Tertiary) intrusions into intermediate-mafic volcanics along with a complex magnetic feature at the Sappho Crown Grant (CG) area (Figure 1).
The East and West Faults of the Toroda Graben likely played a role in controlling the Au-Ag mineralization for the Buckhorn Skarn and Mine to the southwest and the Cu-Au-Ag mineralization for the Motherlode/Greyhound skarns to the north (Figure 2).
Skarn and porphyry style alteration and mineralization along with Cu-PGE’s-Au-Ag are observed in outcrop and drill core along with a complex magnetic signature in the Main Sappho CG area.
Five (5) new sulphide showings were discovered during 2022 field work, with 4 of the 5 showings yielding rock grab samples with >1% Cu up to as high as 7.25% Cu (Figure 1 and see Grizzly news release dated November 3^rd, 2022).
A total of 17 rock grab samples returned values >1% Cu up to 9.06% Cu, many also with anomalous Au, Ag, platinum (Pt) and palladium (Pd).
A total of 11 samples have yielded >500 parts per billion (ppb) Pt and Pd up to 4.64 grams per tonne (g/t) Pt and up to 2.28 g/t Pd.

The Sappho area is being targeted for copper-gold skarn and porphyry type targets associated with a Jurassic alkalic intrusive complex and several younger diorite intrusions (Figure 1). A total of five new showings of copper oxide mineralization were found during the 2022 program (Figure 1). Previous surface sampling and drilling by Grizzly has yielded significant anomalous copper, gold, silver along with platinum and palladium. Numerous historical and new rock grab samples have yielded greater than 1% Cu, 1 g/t Au, 1 g/t Ag, 1 g/t Pt and 1 g/t Pd (Figure 1).

Historical 2010 drilling by the Company (4 core holes) yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd and 6.57 g/t Ag over 6.5 m core length in skarn at Sappho (in hole 10SP03), including a 1 m core length intersections of 3.82 g/t Au and 199 g/t Ag, and in a separate sample 1.83 g/t Pt and 2.09 g/t Pd across 1 m – these results all are associated with >1% Cu in those samples. These higher grade zones were contained within a 63.5 m core length zone logged as a pyroxene – sulphide skarn with a grade approaching 0.7% copper equivalent derived from current metal prices for Cu, Au, Ag, Pt and Pd. Drillhole 10SP03 targeted a magnetic anomaly and had no indications of surface mineralization at the time of drilling. One of the new 2022 showings has been found proximal to drillhole 10SP03 and the targeted magnetic anomaly.

Figure 1: Sappho Rock Sampling Summary 2026 and Planned IP and Drillhole Locations.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/294700_37228caf24b48b18_002full.jpg

Brian “Griz” Testo, President & CEO of Grizzly Discoveries, states, “Geophysics has also outlined multiple new targets across the Sappho Project. I am looking forward to seeing what additional IP might show us and I look forward to identifying some new skarn and porphyry discoveries with drilling.”

The Company is continuing with surface exploration in the Greenwood area. Crews from APEX Geoscience Ltd. completed soil and rock sampling in August, 2025 through to February, 2026 and the exploration work is ongoing. Work including prospecting, rock and soil sampling has been conducted at targets in the Rock Creek area, the Midway area, the Copper Mountain area, the Overlander-Attwood area and the Sappho area to date (Figure 2). Additional groundwork including ground geophysical surveys are being planned and will comprise IP, magnetics and Loupe electromagnetics (EM) for the Sappho, the Midway and Motherlode areas (Figure 2).

Figure 2: Exploration Targets 2026.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/294700_37228caf24b48b18_003full.jpg

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 66,000 ha (approximately 165,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

QUALIFIED PERSON STATEMENT

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com

Caution concerning forward-looking information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294700

FOUNDATIONAL READING

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Category: Project Generators

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Jayant Bhandari – Why Societies Take Millennia to Change

Jayant Bhandari

Coyote Copper Mines Inc. Is Advancing Not Only Its New Zone but Also Focusing on Historical Areas of Its 58 Square Kilometer Arizona Copper Project

🥇 Central Banks Buying and Selling Gold in 2026