Toronto, Ontario--(Newsfile Corp. - March 25, 2026) - Galleon Gold Corp. (TSXV: GGO) (OTCQX: GGOXF) (FSE: 3H90) (the "Company" or "Galleon Gold") is pleased to provide a corporate and operational update.West Cache Surface DevelopmentSurface development activities continue to advance on schedule.The Company has received its Category 2 Permit to Take Water ("PTTW"), governing freshwater supply requirements for project operations. Earlier this month the Company received the Category 3 PTTW governing surface a ...

Core Viewpoint - Cygnus Metals Limited has successfully raised A$25 million through a share placement to fund resource growth and exploration at the Chibougamau Copper-Gold Project, reflecting strong demand from major shareholders [5][8]. Funding Details - The placement involved issuing approximately 156.3 million shares at A$0.16 per share, representing a 5.9% discount to the last closing price of A$0.17 [5][11]. - Post-raising, the company expects to have approximately A$35 million in cash and liquid assets [5][8]. Use of Funds - Proceeds from the placement will be allocated to resource growth, resource conversion, exploration of multiple prospects (including Joe Mann and Gwillim), ongoing permitting work, early capital works, and completion of an updated economic study following the preliminary economic assessment conducted in 2022 [6][8]. Project Development - Cygnus is currently operating three drilling rigs at the Golden Eye gold-copper discovery and plans to test major new targets in the upcoming quarter [1][4]. - The company aims to upgrade resources into higher confidence categories and aggressively drill high-grade targets [3][4]. Strategic Support - Strategic investor Ocean Partners, the second-largest shareholder, has shown strong support for the placement, indicating confidence in the Chibougamau Copper-Gold Project's value and insights into global copper supply markets [8]. Timeline - The indicative timetable for the placement includes lifting the trading halt on March 13, 2026, settlement of shares on March 19, 2026, and issuance and application for quotation of shares on March 20, 2026 [12]. Company Overview - Cygnus Metals Limited is a diversified critical minerals exploration and development company focused on advancing its Chibougamau Copper-Gold Project in Quebec, alongside lithium and REE projects in Western Australia [15].

Core Viewpoint - First Mining Gold Corp. has reported significant drilling results from its Duparquet Gold Project, particularly from the Miroir target, indicating strong potential for resource growth and further exploration in 2026 [1][2][3]. Exploration Results - The 2025 drilling program at the Duparquet Project totaled 16,577 meters, with notable results from the Miroir target, including: - DUP25-090: 4.08 g/t Au over 12.0 m, including 11.20 g/t Au over 1.0 m - DUP25-081: 1.56 g/t Au over 33.15 m, including 3.18 g/t Au over 7.6 m - DUP25-085: 3.74 g/t Au over 15.5 m and 7.18 g/t over 8.0 m, including 30.58 g/t over 1.65 m [1][2][3]. Miroir Target Expansion - The Miroir target has been extended to a vertical depth of 250 m, representing an additional 150 m of down-dip expansion beyond previous drilling, with a current strike length of approximately 150 m [1][2][3]. Environmental Baseline Program - First Mining has initiated a comprehensive environmental baseline data collection program at the Duparquet Project to support regulatory approvals, led by its in-house Sustainability team in collaboration with Stantec [1][2][3]. Future Plans - The company plans to finalize the 2026 exploration program, targeting high-priority areas including Miroir, with drilling expected to commence in Q2 2026 [1][2][3]. Additional Drilling Highlights - Significant results from other targets include: - Valentre target: DUP25-074 returned 1.92 g/t Au over 9.3 m, including 2.80 g/t Au over 4.8 m - Normandie target: DUP25-068 returned 1.39 g/t Au over 4.0 m and 5.22 g/t Au over 1.0 m - Lumière target: DUP25-086 returned 7.74 g/t Au over 1.4 m and 2.23 g/t Au over 1.5 m [1][2][3]. Project Overview - The Duparquet Project is located in the Abitibi region of Quebec, covering approximately 5,800 hectares and hosting an NI 43-101 compliant gold resource of 3.44 million ounces in the Measured & Indicated category, grading 1.55 g/t Au [1][2][3].

Core Viewpoint - Hycroft Mining Holding's stock surged after Canadian billionaire Eric Sprott continued to invest in the company, indicating strong investor confidence despite the stock's significant price increase over the past year [1][2]. Investment Activity - Eric Sprott recently purchased 150,000 shares at $42.05 each, totaling an investment of $6.3 million, increasing his total holdings to approximately 36.9 million shares, which is about 44.45% of the outstanding shares [2]. - Sprott's initial investment in Hycroft was part of a $56 million equity private placement in 2022, where he and AMC Entertainment each invested $28 million [4]. - In late 2025, Sprott acquired most of AMC's 22% stake in Hycroft for $24 million as AMC sought to cash out on its investment [5]. Stock Performance - Following the news of Sprott's investment, Hycroft's stock price increased by over 12%, reaching a one-month high of $47.47, with a current market capitalization of $3.8 billion, a significant rise from $50 million a year ago [3]. Project Development - Hycroft is developing a silver-gold project in northern Nevada, transitioning from a heap leach operation to large-scale milling for processing sulfide ores, with permits for both operations already in place [6]. - The company recently updated its mineral resource estimate, reporting 16.4 million ounces of gold and 562.6 million ounces of silver in the measured and indicated category, reflecting a 55% increase from previous estimates [7]. - The inferred resource category also saw increases of 50% for gold and 38% for silver, highlighting significant resource growth in one of the world's largest precious metals deposits [8].

Core Viewpoint - Cygnus Metals Limited is initiating extensive exploration programs at its Chibougamau Copper-Gold Project in Quebec, aiming for significant resource growth and value creation for shareholders [6][7]. Exploration and Resource Growth - The company has reported a 29% increase in resources last year and is confident in its exploration strategy to deliver further strong results [4][7]. - Current drilling activities are focused on the Golden Eye and Cedar Bay sites, which are expected to provide substantial resource upside [4][10]. - At Cedar Bay, Downhole Electromagnetics (DHEM) is being utilized for the first time in over 20 years to define follow-up drill targets, with recent drilling returning significant intersections [9][11]. Resource Estimates - The current resource at Chibougamau stands at 6.4 million tonnes (Mt) at 3% CuEq for 193,000 tonnes (kt) CuEq (Measured & Indicated) and 8.5 Mt at 3.5% CuEq for 295 kt CuEq (Inferred) [7][29]. - Specific drilling results include 28.9m at 2.5g/t AuEq and 10.6m at 4.1g/t AuEq from recent exploration at Cedar Bay [8][9]. Target Areas - Joe Mann and Gwillim are identified as high-priority targets with significant discovery potential, having been overlooked for the past 20 years [5][11]. - The company is conducting an Induced Polarisation (IP) survey at Joe Mann to identify drill targets similar to IAMGOLD's Nelligan Complex, which contains substantial gold resources [11][12]. Infrastructure and Development - The Chibougamau area has well-established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum (tpa), which is the only facility within a 250 km radius [11][12]. - The Gwillim prospect is set to commence drilling, co-funded by Alamos Gold, which has a market capitalization of approximately C$25 billion [11][12].

Core Insights - Cygnus Metals Limited is initiating extensive exploration programs at its Chibougamau Copper-Gold Project in Quebec, aiming to grow resources and drive shareholder value through resource growth [6][7][8] - The company has reported a 29% increase in resources last year and is optimistic about further exploration results [4][8] Exploration Strategy - The exploration campaign focuses on extending known mineralization, drilling defined targets, and identifying new prospects [1][6] - Key areas of focus include brownfields exploration at Cedar Bay and Golden Eye, with ongoing Downhole Electromagnetics (DHEM) to identify follow-up targets [7][8][9] Resource Estimates - Current resource estimates for the Chibougamau project stand at 6.4 million tonnes (Mt) at 3% CuEq for 193,000 tonnes (kt) CuEq (Measured & Indicated) and 8.5 Mt at 3.5% CuEq for 295 kt CuEq (Inferred) [8][28] - Specific drilling results include 28.9m at 2.5g/t AuEq and 10.6m at 4.1g/t AuEq from recent exploration at Cedar Bay [8][12] Drilling Activities - Drilling has commenced at Golden Eye with three rigs to extend the resource below the current depth of 450m, where the resource is currently defined at 0.5 Mt at 5.6g/t AuEq [10][11] - At Joe Mann, a detailed Induced Polarisation (IP) survey is underway to identify drill targets, with historical intersections showing significant gold potential [11][13] Infrastructure and Partnerships - The Chibougamau area has established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum, which is the only facility within a 250 km radius [11][12] - Drilling at the Gwillim prospect will be co-funded by Alamos Gold, which has a market capitalization of approximately C$25 billion [11][12]

FireFly Metals Conference Summary Company Overview - **Company**: FireFly Metals (OTCPK:MNXM.F) - **Industry**: Metals, specifically copper and gold mining - **Conference Date**: February 17, 2026 Key Points Project Scale and Growth - FireFly has grown its project to **80 million tons** with a **2.2% copper equivalent** grade, which includes a gold credit [2][3] - A high-grade core zone of nearly **20 million tons** is reported at approximately **4% copper equivalent** [3] - The company is actively infilling and expanding its resource base, with expectations to grow beyond the current **80 million tons** [4] Regional Exploration and Value Drivers - FireFly is exploring regional tenements to potentially add another **20 to 80 million tons** to its resource base [4] - The company is focused on de-risking through mining studies and converting inferred resources into measured and indicated (M&I) categories [11][18] - The project has a **1.8 million tons per annum** operation permit, suggesting a potential **45-year mine life** based on current resources [16] Financial Position - FireFly holds **AUD 250 million** in cash, with no debt, no streaming agreements, and minimal royalties, positioning it strongly for growth [7][23] - The company is institutionally owned and has recently been included in the **ASX 300** [6] Recent Developments - FireFly sold its **Pickle Crow** project, containing almost **3 million ounces of gold** at nearly **7 grams per ton**, to Bellavista Resources while retaining a **10% shareholding** [5] - Shareholders will receive free shares in Bellavista, enhancing shareholder value [5] Infrastructure and Operational Advantages - The project benefits from existing infrastructure, including hydroelectric power at **CAD 0.06/kWh**, a nearby port facility, and access to skilled labor [17] - The company is leveraging its historical mining operations to upscale and optimize its current project [16] Future Outlook - FireFly aims to demonstrate the potential for a larger mine through ongoing studies and exploration, with updates expected throughout the year [22][23] - The company is focused on expanding its resource base and exploring regional targets, with multiple drill rigs currently operational [19][23] Market Position - FireFly's Green Bay project is positioned as a significant copper ore body, with **1.4 million tons of actual copper** in the M&I category [20] - Comparisons are made to other mining projects, highlighting the potential for FireFly to be a leading copper producer [21][22] Additional Insights - The mining jurisdiction of Newfoundland and Labrador contributes **32%** of its GDP from mining, indicating a supportive regulatory environment [18] - The company emphasizes the importance of resource growth and operational efficiency as key components of its strategy moving forward [10][19]

Financial Data and Key Metrics Changes - In Q4 2025, Galiano Gold produced 37,500 ounces of gold, a 15% increase from 32,000 ounces in Q3 2025, contributing to a full-year production total of 121,000 ounces, aligning with revised production guidance [4][11] - Revenue reached a record $160 million in Q4 2025, up 40% from $114 million in Q3 2025, driven by higher production and improved gold prices [5][13] - All-in sustaining cash costs decreased to $2,033 per ounce, consistent with guidance [5][15] - Adjusted net income was reported at $0.15 per share after accounting for unrealized losses on hedges [13] Business Line Data and Key Metrics Changes - Esaase mining restarted in early November 2025, with production ramping up in Q1 2026, while Nkran pre-stripping moved 23% more material compared to Q3 2025 [8][9] - The average grade of ore mined increased by 9% compared to the previous quarter, contributing to improved production metrics [8][10] Market Data and Key Metrics Changes - The company anticipates production guidance for 2026 to be between 140,000 and 160,000 ounces, representing a 25% increase from 2025 levels [7][12] - The AISC for 2026 is projected to be between $2,000 and $2,300 per ounce, influenced by a growing royalty burden due to high gold prices [15][16] Company Strategy and Development Direction - Galiano Gold plans an aggressive exploration program for 2026, focusing on expanding underground resources and reserve growth at Esaase [6][24] - The company aims to transition to underground operations at both Nkran and Abore, with a focus on higher-value underground ounces [19][28] - The strategy includes significant investment in exploration and waste stripping activities, supported by a strong cash position and a $75 million revolving credit facility [5][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production targets, citing improvements in throughput and grades as key drivers for 2026 [32] - The company views 2026 as a pivotal year for cash flow generation, with expectations of significant shareholder value creation as fixed payments to Gold Fields conclude [17][28] Other Important Information - The company reported no lost time injuries in Q4 2025, maintaining a strong safety record [4][8] - The maiden underground mineral resource declaration is expected to reshape future resource growth potential [6][19] Q&A Session Summary Question: What are the key execution risks to monitor with production weighted towards the second half of 2026? - Management highlighted throughput and grade improvements as critical factors for achieving production targets [32] Question: How does the downward revision to guidance impact the five-year outlook? - Management expects a slightly lower production profile in 2026 but anticipates a ramp-up in 2027 [33] Question: When should initial economic studies for the maiden underground resource be expected? - Management plans to work on additional drilling and studies throughout 2026, aiming for results in 2027 [35][37]

Core Insights - Newcore Gold Ltd. has reported significant drill results from its Enchi Gold Project in Ghana, highlighting high-grade gold mineralization at the Boin Gold Deposit, including the first visible gold encountered by drilling [1][3][10] - The ongoing 45,000-metre drill program aims to expand resources and confirm the continuity of gold mineralization at depth, with promising results indicating potential for resource growth [1][5][15] Drill Results - Diamond drill hole KBDD100 intersected 147.50 grams per tonne gold over 1.0 metre, marking the first visible gold found at the project [1][4][10] - Additional significant intersections include KBDD102 with 3.22 g/t Au over 17.0 m and KBDD101 with 1.26 g/t Au over 16.0 m [4][12][13] - The drilling program has tested high-grade shoots to a maximum vertical depth of approximately 312 metres, confirming the geological model and continuity of mineralization [9][14] Project Development - The Enchi Gold Project has an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au [22] - The project is advancing towards a Pre-Feasibility Study expected to be completed by the end of H1 2026, with ongoing development work including metallurgical and hydrogeological testing [15][16] Market Engagement - Newcore Gold has entered into an agreement with SRC Swiss Resource Capital AG for investor relations and communications services in Europe, effective January 2026 [17][18]

Core Viewpoint - Cygnus Metals Limited is focusing on resource growth at its Chibougamau Copper-Gold Project in Quebec, identifying high-priority gold drilling targets with significant potential for high-grade mineralization [2][4][10]. Exploration and Drilling Targets - The company has identified two high-priority drill targets, Gwillim and Joe Mann, both known for substantial high-grade gold mineralization and limited modern exploration [4][6]. - Gwillim Project, a joint venture with Alamos Gold, is located 12 km from the Chibougamau processing facility and has historical production of 39,000 ounces at a grade of 4.8 g/t [5]. - Joe Mann Project, located 46 km south of the processing facility, produced 1.2 million ounces at a grade of 8.3 g/t before its closure in 2007 and has an inferred resource of 0.7 million tonnes at 6.0 g/t [6][10]. Significant Intersections - Recent drilling at Gwillim has returned notable intersections, including: - 7.6 m at 38.1 g/t Au from 314.9 m [7] - 15.2 m at 9.4 g/t Au from 155.1 m [7] - 16.4 m at 8.3 g/t Au from 168.3 m [7] - At Joe Mann, significant intersections include: - 0.7 m at 480.2 g/t Au from 92.3 m [13] - 3.8 m at 20.8 g/t Au from 287.2 m [13] - 8.4 m at 6.3 g/t Au from 175.6 m [13] Resource Estimates - The current resource at the Chibougamau Project is estimated at 6.4 million tonnes at 3.0% CuEq for 193,000 tonnes CuEq (Measured & Indicated) and 8.5 million tonnes at 3.5% CuEq for 295,000 tonnes CuEq (Inferred) [6][10]. - The Golden Eye deposit has an indicated resource of 0.5 million tonnes at 5.6 g/t AuEq for 91,000 ounces AuEq and an inferred resource of 1.2 million tonnes at 4.6 g/t AuEq for 182,000 ounces AuEq [10]. Infrastructure and Strategic Position - The Chibougamau area has well-established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum, which is the only facility within a 250 km radius [11]. - This infrastructure provides a significant advantage for the development of copper-gold opportunities in the region [11].