공고 • Jul 30
Gemdale Gold Announces Initial Drill Results from 2026 Drill Program at Pontio Gold Project Gemdale Gold Inc. announced the initial drill results from the 2026 drill program at its 100% owned Pontio Gold Project located in western-central Finland. The first phase drill programme consisted of 28 diamond drill holes for a total of 5,009 metres, is mainly infill in nature to support an initial resource estimate planned for early 2027. This release reports on the results for the first 14 holes from the northern areas of the M2 Trend at Pontio. Drilling focussed on the N2 Sector of the M2 Trend with intersections (downhole) continuing to show wide zones of near surface, bulk tonnage style gold mineralisation. HOLE PONT082: 92.85m @ 0.70 g/t Au from 44.52 m downhole plus 45.72m at 0.44g/t Au from 178.72m in hole PONT082. HOLE PONT084: 66.86m @ 0.59 g/t Au from 47.80 m downhole plus 24.92m @0.63g/t Au from 135.69m in hole PONT084. HOLE PONT079: 44.74m @ 0.65 g/t Au from 55.35 m downhole plus 14.26m @0.48g/t Au from 3.9m downhole plus 12.82m @0.58g/t Au from 27.18m downhole in hole PONT079. HOLE PONT080B: 52.03m @ 0.57 g/t Au from 32.22 m downhole plus 7.13m @1.2g/t Au from 10.75m downhole plus 35.14m @ 0.64g/t Au from 115.54m downhole in hole PONT080B. HOLE PONT081: 23.34m @0.79g/t Au from 6.71m downhole plus 44.97m @0.55g/t Au from 45.28m downhole plus 17.23m @0.53g/t Au from 102.05m downhole in hole PONT081. Drilling significantly extends the width of the N2 portion of the M2 Trend. The mineralised diorite host to the subcropping gold mineralisation is now more than 100m in estimated true width on some profiles. The deposit remains completely open at depth with an average drill depth of less than 100m to date along the 4km of mineralised strike extent. The next round of results, focused on the central-southern “S1” Sector, visible gold has been tentatively identified in a sample in drillhole PONT093, drilled into the S1 Sector of the M2 Trend. If confirmed, this is only the second time in the project’s history that visible gold has been observed. The samples from this hole are pending assay. The Pontio Gold Project lies in central Finland, in an historical mining district featuring extremely good infrastructure, including paved roads, power and rail lines within a few kilometres. Gold mineralisation has so far been outlined by drilling over a 4km strike length along the M2 Trend; mineralisation subcrops just beneath the surface, covered by a thin layer of soil, sand and gravel, and extends to at least 150m vertical and ranges from 20->100m in true thickness. Gold mineralisation is mainly hosted in subvertical diorite and diorite porphyry dykes intruding gneissic metasediments that occur along a NNW trending mineralised corridor. The M2 Trend is one of a number of identified potential gold bearing structures with the others, such as the M1, M2.5 and M3 Trends yet to have significant exploration along their lengths. The M2 Trend mineralisation can be subdivided into several zones or Sectors labelled N1, N2, S1 and S2. Gold mineralisation is typically fine-grained and associated with disseminated chalcopyrite and pyrrhotite in generally weakly sheared and variably potassic altered intrusive rocks. Alteration is in the form of biotite amphibole and potassium felspar. Unusually for the area there is no particular association with quartz veining and arsenopyrite mineralisation. Rarely, molybdenum is noted with quartz veining. Mineralisation postdates peak metamorphism and is intimately associated with the late intrusive diorite porphyries which are younger than the diorite dykes. The deposit is enigmatic in style but has affinities with the roots of a deep level porphyry system or a disseminated orogenic style of gold mineralisation. The drill results being reported in this press release are all from the northern (N1 and N2) portions of the M2 Trend, which occur over a strike length of approximately 1.5km. The hosts to mineralisation in the N1 and N2 areas are predominantly the diorite dykes, with the younger porphyries being more prevalent in the southern areas of the M2 Trend. Both the diorites and the dioritic porphyries are mineralised. The N1 Sector at Pontio had previously been drilled along 50m spaced profiles. The 2026 drilling in this area has focussed on trying to extend the strike of the N1 Sector both to the north and south, and to better understand the orientation and geometry of the mineralisation. Drill holes PONT071 and PONT072 were targeted at the northern extension of the N1 Sector to check the orientation of the higher grade mineralisation. Both these holes showed a number of samples with elevated gold grades within a broad halo zone of low-grade (<0.3 g/t Au) but did not intersect a significant extension of the main N1 body. The holes confirmed higher grade mineralisation is likely to occur in en-echelon NNE trending zones within the mineralised corridor. The best intersections from PONT071 were 8.83m @ 0.50 g/t Au from 28.28m; and 1.93m @ 1.13 g/t Au from 75.83m. The best intersection from PONT072 was 1.05m @ 0.64 g/t Au from 43.13m. The N1 Sector now has 23 drillholes intercepting the body, along 50m spaced profiles. The significant intersects in N1 Sector are shown in Table 1. Intersection lengths are downhole lengths, Bulk intersections are reported at a cutoff grade of 0.3 g/t gold with 10m internal dilution. True widths are estimated as 65-85% of downhole intersect length. Mineralisation in the N2 Sector of the M2 Trend PONT073 was drilled on the northern extension of the N2 Sector and had two objectives, to extend the strike of the mineralisation northwards, and to test the IP chargeability anomaly lying to the west of the main M2 Trend. The drillhole intersected a number of mineralised zones of dioritic rocks where the M2 Trend was expected, with the best intersection of 22.92m @ 0.48 g/t Au. In the projected source area for the chargeability anomaly, drilling intersected dioritic and gneissic rocks containing disseminated pyrrhotite, but with only very weakly elevated gold grades. PONT074 and PONT075 were scissor holes on the same profile. Both holes intersected zones of mineralisation in diorites and gneissic diorites (diorites with a strong tectonic fabric), separated by gneissic inclusions. PONT074 intersected some higher grade mineralisation 2.85m of 3.87 g/t Au from 26.9m within broader mineralised intersects in the 0.5 – 0.6 g/t Au range. The western chargeability anomaly was again shown to be caused by barren pyrrhotite disseminations in dioritic intrusives and gneiss. Recent Insider Transactions Derivative • Jul 17
Non Executive Independent Director exercised options to buy CA$248k worth of stock. On the 16th of July, John Denbow exercised options to buy 150k shares at a strike price of around CA$0.50, costing a total of CA$75k. This transaction amounted to 46% of their direct individual holding at the time of the trade. John currently holds 325.00k shares (0.01529143930648947 of the company). This was the only transaction from an insider over the last 12 months. 공고 • Feb 14
Gemdale Gold Inc. announced that it has received CAD 2.4 million in funding from Eldorado Gold Corporation On February 13, 2026, Gemdale Gold Inc has closed the transaction. Completion of the Offering is subject to the receipt of all necessary regulatory approvals include the approval of the TSX Venture Exchange. Board Change • Feb 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director John Pearson was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.