Tillkännagivande • Nov 22

Boreal Gold Inc. Announces Encouraging Gold Results from Koscielny Lake and A New Gold Discovery from the Fay Lake Property - Koscielny Lake

Boreal Gold Inc. has received gold assay results from trench #6 on an island in the eastern area of Koscielny Lake where several quartz veins occur on the most eastern part of the Fay Lake Property south of the Puffy Lake Gold Mine. This vein has been trenched at a number of locations and this past fall; Boreal focused on sampling trench #6 on an island in Koscielny Lake. Boreal collected 9 samples from trench #6 centered on a 1.5- to 2-meter-wide quartz vein on the island. Also collected was a sample of the quartz phyric tonalite which appears to be in close contact with the quartz vein showing. Six of the nine samples collected returned assays over 1.0 g/t gold with notable samples 298802 assaying 5.7 g/t gold and sample 298804 assaying 9.7 g/t gold. Screen Metallics analysis was used on all the quartz samples since coarse gold is present at this showing. Several sites reported at Koscielny Lake contain significant gold. Here mineralization contained values of up to 11.81 g/t Au (0.38 oz/ton Au) over one meter (J. Pearson, Sept. 4, 2024, National Instrument 43-101 Fay Lake technical report). Mineralized quartz containing pyrite and visible gold (V.G. in the lithologic descriptions) was intersected in 6 drill holes by A.L Parres in 1950 (A.F. 90520) (Heine 2003, Mineral Deposit Series Report No. 30). Boreal plans to return to Koscielny Lake in the spring of 2026 and will focus on prospecting and sampling other showings. including trench #7 on the southern shore of Koscielny Lake slightly southwest of the island showing. The geology at Koscielny Lake is prospective for gold as it contains gabbro, felsic porphyry dikes, magnetite iron formation, mafic volcanic rocks and borders the Webb Lake Pluton quartz phyric tonalite. Boreal is also pleased to announce a new gold discovery on the eastern extension of the Sunrise Grid. Two quartz vein samples, containing vuggy pyrite were collected near the eastern shore of Fay Lake. Sample 27497 and 27498 both returned gold assays greater than 3000 ppm (3.0 g/t) gold using Fire Assay analysis. The SRC Laboratories of Saskatoon, Saskatchewan has been instructed to run screen metallic analysis on these two samples to capture any coarse gold that may be present. Boreal is waiting for further gold results from this analysis. These samples are proximal to an undrilled Airborne Electromagnetic conductor with a coincident magnetic anomaly located within Fay Lake. With gold presently over $4,000 US and over $5,500 Canadian per ounce, Boreal will continue its focus on gold by also exploring the North Star Property this fall that was recently optioned from Voyageur Mineral Explorers Corp. Since 2003 the ‘North Star Group Property’ became an advanced exploration property where more than $9 million has been spent on it in the last 20 years with the following work completed: Five major drilling programs, 135 drill holes at North Star and 143 drill holes at Gold Rock Ramp access and underground development and sampling; Large surface blast hole sampling and trenching together with extensive assaying for gold, trace elements and whole rock geochemistry. Average grade from blast holes and trench faces was over 0.35 oz/t gold. Gold on April 16, 2003 was $332.60 to 333.40 oz (/daily-gold-price-history/) compared to over $3600/oz US or greater than $5000/oz Canadian. Extensive metallurgical testing at Lakefield established 85% recovery of gold by gravity alone. A large grid covers the gold shear with mapping, prospecting and geophysical surveys carried out. The Shear is still open to the north and south and the grid can be extended to follow the shear on strike (unexplored). The shear zone in between the Gold Rock and North Star deposits has seen little drilling. There is a two km of all-weather road to the North Star site, as well as 15 km of the Dickstone road being brought back to all weather road status with creek crossings improved and adjoining swamps lowered to improve road quality plan for this summer. Numerous environmental surveys were completed, including: ungulate, rare plant, raptor, fish surveys and other surveys required for the establishment of tailings facilities. A digital topographical airborne survey was carried out over the main area of the vein, and potential areas for tailings disposal and water intake. Camp site and storage areas were established and permitted. These permits are still valid as is the road permit. A mill foundation; a concrete slab shop floor and a water waste disposal pond were completed. A VTEM survey was carried out over the entire claim group in 2010. Since 2007 to 2017 the property was extensively explored by mapping, prospecting and drilling (143 Diamond Drill Holes) where Copper Reef Mining Corporation (subsequently Voyageur Mineral Explorers Corp.) concentrated on the northern portion of the structure (Gold Rock and Richard Veins). Here the Gold Rock vein was further outlined by mapping and 4 drill programs to be at least 400 m long and the new Richard vein 50 m. Since 2018 the property has remained idle. Boreal Gold Inc. plans to continue where Copper Reef left off on expansion of the Gold Rock Vein along strike and at depth as well as new targets on the North Star Vein on the same structure to the south. A drill plan for Gold Rock has already been outlined with targets on North Star and the area in between to be contingent on this falls results. For a more detail description of the property please refer to news release dated April 17, 2025. Most of the refurbishing and recutting on the Grid from North of the North Star deposit on Line 46 N to Line 59 N between Baselines 46 E and Tie Line 59 E for both mapping and drilling purposes has been completed this fall and the remaining lines will be completed in the spring and summer of 2026. This portion of the grid is almost 25 years old and overgrown to obliterated as it was cut a few years after a forest fire.

VD-lön i procent	80.67%
Anställning som VD	1.8yrs
Ägande av VD	2.9%
Ledningens genomsnittliga anställningstid	inga uppgifter
Styrelsens genomsnittliga mandatperiod	4yrs

Namn	Position	Anställning	Kompensation	Ägarskap
Richard Masson	President	4yrs	CA$229.55k	2.87% CA$ 201.6k
Laara Shaffer	Director & Corporate Secretary	2.5yrs	CA$57.87k	0.34% CA$ 24.0k
Michael Alexander	Director	4yrs	CA$71.99k	9.3% CA$ 654.4k

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2026/05/22 08:38
Aktiekurs vid dagens slut	2026/05/22 00:00
Intäkter	N/A
Årlig intjäning	N/A

Paket	Uppgifter	Tidsram	Exempel US-källa
Företagets finansiella ställning	10 år	Resultaträkning Kassaflödesanalys Balansräkning	SEC Form 10-K SEC Form 10-Q
Analytikernas konsensusuppskattningar	+3 år	Prognos för finansiella poster Analytikernas prismål	Rapporter från analytiker Blue Matrix
Marknadspriser	30 år	Aktiekurser Utdelningar, splittar och åtgärder	ICE Marknadsdata SEC Form S-1
Ägarskap	10 år	Största aktieägare Insiderhandel	SEC Formulär 4 SEC Formulär 13D
Förvaltning	10 år	Ledningsgrupp Styrelse och verkställande direktörer	SEC Form 10-K SEC Form DEF 14A
Viktiga utvecklingstendenser	10 år	Företagsmeddelanden	SEC Formulär 8-K

Boreal Gold Förvaltning

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Viktig information

Senaste uppdateringar av ledningen

Boreal Gold Inc., Annual General Meeting, Feb 06, 2026

No independent directors

Boreal Gold Inc., Annual General Meeting, Feb 28, 2025

Recent updates

New major risk - Shareholder dilution

Boreal Gold Inc. announced that it has received CAD 2.99998 million in funding from Northfield Capital Corporation and other investor.

Boreal Gold Inc. Receives Silver, Zinc and Copper Assays Results from 12 Samples Collected from the Bulk Sample Pit

Boreal Gold Inc. announced that it expects to receive CAD 3 million in funding from Northfield Capital Corporation

Boreal Gold Inc. Announces Gold Assays Up to 81.4 G/T Au from the North Star Lake Property

Boreal Gold Inc. Announces the Updated Gold Results on the New Discovery At Fay Lake Property - New Discovery

New major risk - Share price stability

Boreal Gold Inc. announced that it has received CAD 0.0577 million in funding

Boreal Gold Inc. announced that it expects to receive CAD 0.2 million in funding

Boreal Gold Inc., Annual General Meeting, Feb 06, 2026

Boreal Gold Inc. Announces Encouraging Gold Results from Koscielny Lake and A New Gold Discovery from the Fay Lake Property - Koscielny Lake

Boreal Gold Inc. announced that it expects to receive CAD 0.15 million in funding

Boreal Gold Inc. announced that it expects to receive CAD 0.251 million in funding

No independent directors

Boreal Gold Inc. announced that it expects to receive CAD 1.402 million in funding

Boreal Gold Inc., Annual General Meeting, Feb 28, 2025

Boreal Gold Inc. announced that it has received CAD 0.1215 million in funding

Boreal Gold Inc. announced that it expects to receive CAD 0.153 million in funding

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