ONGold Announces New Gold Showings and Exploration Update at the October Gold Project

Core Insights - ONGold Resources Ltd. announced new gold showings and exploration updates at the October Gold project, indicating significant potential for gold mineralization in Ontario's Swayze Greenstone Belt [1][12]. Exploration Activities - Evolution Mining conducted extensive sampling, including 339 rock grab samples and 943 till samples, identifying three target areas (Stetson, Lariat, and Sinnet) with notable gold assays of 1.71 g/t Au and 0.907 g/t Au [2][3]. - The exploration revealed a 10 km long corridor of albite alteration associated with the Ridout Deformation Zone (RDZ), which is believed to be linked to other significant gold deposits in the region [2][14]. Geological Findings - Anomalous gold values were found alongside elevated levels of silver, arsenic, lead, antimony, zinc, and sulphur, indicating a complex mineralization environment [3][5]. - Of the 339 rock samples collected, four returned gold values exceeding 0.10 g/t Au, highlighting the potential for further discoveries [3]. Future Plans - Evolution Mining plans to conduct further investigations during a summer field exploration program, including detailed infill till sampling and geological mapping, with diamond core drilling expected in Q1 2026 [10][22]. - The October Gold project encompasses 1,308 claims over an area of 271 km², strategically located near existing gold mines, enhancing its economic potential [13][14]. Strategic Partnerships - ONGold's partnership with Evolution Mining is seen as a strategic move to leverage expertise in a gold-rich jurisdiction, with ongoing exploration efforts aimed at advancing the project [12][19].