ONGold Resources obtains drilling permits for Gold Ridge and Big Dam at TPK Project, northern Ontario
ONGold Resources Ltd. [TSXV: ONAU; OTCQB: ONGRF] reported that it has received exploration diamond drilling permits for planned drilling programs at the company’s Ti-pi-ha-kaa-ning (TPK) Project, located in northern Ontario.
The TPK claims are located on the regional communities’ winter road network, which connects directly to the Musselwhite Gold Mine access road north of Pickle Lake. The planned August/September drilling program will focus primarily on the Discovery Zone and West Discovery Zone within the Gold Ridge area, where ONGold’s successful 2025 drilling program returned high-grade gold, copper and silver mineralization.
A ground EM and gravity geophysical survey is being undertaken during the June field program to assist with defining additional targets for drill testing in both zones.
The newly issued permits also cover the Big Dam area of the TPK project, where historical drilling such as hole TPK-10-004 from the Goose Lake Zone that intersected numerous gold-bearing intervals, including 25.9 g/t gold over a core length of 13.5 metres (149.3 to 162.8 m) including 46.0 g/t gold over 0.5 metres (153.0‐153.5 m), 139.4 g/t gold over 1.7 metres (156.8-158.5 m), 749.0 g/t gold over 0.3 metres (157.2‐157.5 m) and 127.0 g/t gold over 0.7 metres (162.0‐162.7 metres), as previously disclosed by the company with reference to historical results from prior operators.
ONGold is pleased to have received the required permits for the 2026 drill program following continued collaboration with local Indigenous communities. The company values the constructive relationships and ongoing engagement that have supported exploration activities at TPK and remains committed to responsible and respectful development of the project.
The Gold Ridge drill program is expected to start in mid-August and continue through mid-September. This program is designed to follow up on high-grade mineralization intersected during the 2025 drilling campaign and to further evaluate the geometry, continuity and controls of mineralization within the Gold Ridge system. Planned drilling has been refined using results from recent structural interpretation, petrographic analysis and detailed geological mapping completed across the target area last year.
The program is expected to test both east-northeast- and east-trending mineralized corridors associated with the Discovery Zone and West Discovery Zone, while also evaluating the interpreted bedrock source of historical high-grade gold identified in regional glacial till and boulder geochemistry. Results from the first phase of 2026 field work are expected to assist the Company in refining step-out drill targets within the broader Gold Ridge area.
Historical exploration and ONGold’s 2025 drilling program have highlighted precious and base metal potential in at least two mineralized corridors within an interpreted intrusive-associated orogenic-style gold-copper system (Figure 2).
Historical Geochemical Anomalies: A southwest-trending glacial till and boulder geochemical dispersal train measuring approximately 4 by 10 km originates in the Gold Ridge area and has returned values of up to 727 g/t gold, 111 g/t silver and 4.1% copper.
Historical and 2025 drilling – West Discovery Zone: High-grade copper-silver-gold mineralization has been identified in east-trending corridors, including 3.06% copper, 60.3 g/t silver and 1.5 g/t gold over 1.5 metres, including 11.10% copper, 218 g/t silver and 4.45 g/t gold over 0.4 metres, in holes GR-25-012 and GR-25-013.
Drilling also identified a possible cross-cutting north-northeast-trending anomalous gold-silver zone in drill core, highlighting the structural complexity of the area.
Discovery Zone: High-grade gold mineralization has been identified within a west-southwest-trending corridor, including 19.39 g/t gold over 8.2 metres, including 359 g/t gold over 0.3 metres, in hole GR-25-011.
The 2025 drilling program also confirmed mineralization previously intersected in 2012 drilling, including 4.62 g/t gold over 5.5 metres, including up to 20.8 g/t gold over 1.0 metre, in hole NG-12-003C.
Additional historical drilling at the Discovery Zone returned 13.4 g/t gold, 2.93 g/t silver and 153 ppm copper over 1.9 metres, including up to 41.5 g/t gold over 0.6 metres, in hole NG-12-005C. Mineralization at Gold Ridge is also spatially associated with several high-grade gold boulder assay results.
ONGold Resources owns significant exploration assets in northern Ontario and northern Manitoba, including the district-scale Monument Bay Gold and Tungsten Project, TPK Project, Domain Gold Project and October Gold Project.