ONGold Regains Full Control of October Gold Project as Evolution Exits
Bitget2026/10/16 11:31- ONGold Resources retains 100% ownership of October Gold following Evolution Mining's earn-in termination, effective October 15, 2026, and assumes operatorship.
- Evolution funded at least $2.5 million under the agreement, which offered a 75% interest for $7 million spending and $1.1 million payments.
- The 271-square-kilometer Ontario project lies 35 kilometers northwest of IAMGOLD's Côté Gold Mine; their claims are contiguous.
- New exploration targets include an untested porphyry system extending approximately 3 kilometers in the Woman River area.
- An exploration permit application is planned for fall 2026, followed by a summer 2027 field program targeting potential drilling.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) downgraded to "Hold" by Loop Capital: iPhone shipment cuts likely difficult to offset, valuation at five-year high
Loop Capital downgraded Apple's rating due to concerns over iPhone shipments.
LS Electric Q3 Operating Profit Rises 131.71% Year on Year
Micron Technology (MU.US) invests in expanding Indium’s New York plant: Restarts domestic processing of critical minerals, secures long-term supply of high-purity materials
Micron Technology is investing in the critical minerals processing sector to enhance the U.S. supply chain ecosystem.
Deputy Governor of the Reserve Bank of Australia warns of “significantly worsening” inflation outlook; probability of rate hike in November rises to 43%
Hauser stated on Wednesday that Australia’s inflation outlook appears “significantly worse” than the Reserve Bank of Australia’s forecast in August, mainly due to rising oil and technology product prices, as well as persistent domestic pressures.
Crypto prices
More
