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Goldgroup Mining Inc. Reports Initial Assay Results from 26,000 Metre San Francisco Drill Program

Goldgroup Mining Inc. announced assay results of the first six drillholes from its ongoing 26,000 metre diamond drilling program at the formerly producing San Francisco Gold Project in Sonora, Mexico. Initial results have intersected both higher-grade intervals and broader zones of gold mineralization within areas of known mineralization. The results are being incorporated into the Company’s geological and resource models and will support a detailed technical study evaluating the potential restart and optimization of the San Francisco operation. The 26,000-metre core drilling program represents a significant investment in San Francisco and is designed to advance the project from an existing resource (with production history) and toward a potential restart of operations, while establishing a stronger geological foundation for future resource growth. The program has three principal objectives: Resource definition and geological confidence – better defining the geometry, grade distribution and continuity of known mineralization, particularly along strike and at depth; Mine planning and technical studies – collecting geological, structural and geotechnical information required to support pit design, future pushbacks and evaluation of potential restart scenarios; and Resource expansion – testing extensions of known mineralization and identifying additional mineralized structures that could ultimately expand the mineralized footprint. The drilling program is also providing important rock-quality, structural and geotechnical information. This data will be used to refine the interpretation of structural controls on mineralization and update the geotechnical characterization of the San Francisco and La Chicharra pits. Mineralization identified closer to surface is particularly relevant to potential near-term mining scenarios, while deeper and along-strike intercepts will help evaluate the potential extent of mineralization beyond areas incorporated into current mine planning. Results have only been received for the first six drillholes and were drilled within the existing pit. The assay results reported here demonstrate both higher-grade intervals and broader zones of gold mineralization within the areas tested. Reported drill intercept lengths are downhole core lengths; estimated true widths are provided in Table 1. Intervals not highlighted can be assumed to have assay values of low or insignificant gold values. Highlights include: GGD-174: 23.4 metres grading 1.71 g/t gold, including 6.4 metres grading 4.84 g/t gold; GGD-178: 16.8 metres grading 4.36 g/t gold, including 10.9 metres grading 6.34 g/t gold; GGD-178: 10.0 metres grading 2.00 g/t gold, including 2.2 metres grading 7.83 g/t gold; GGD-179: 51.0 metres grading 0.58 g/t gold, including 3.9 metres grading 2.53 g/t gold. Among the results received to date, drill hole GGD-178 returned 16.8 metres grading 4.35 g/t gold, including 10.9 metres grading 6.33 g/t gold, together with a second interval of 10.0 metres grading 2.00 g/t gold, including 2.2 metres grading 7.83 g/t gold. Drill hole GGD-179 returned multiple mineralized intervals, including 6.0 metres grading 1.14 g/t gold, 51.0 metres grading 0.58 g/t gold, including 3.9 metres grading 2.53 g/t gold, and 22.0 metres grading 0.38 g/t gold. The Company interprets the higher-grade intervals as providing additional information regarding the distribution and continuity of gold mineralization, while the broader mineralized intervals are important to understanding the overall geometry and potential scale of the mineralized system. The results will be evaluated together with the Company’s historical geological database and results from ongoing drilling to assess their potential implications for the geological and resource models and future mine planning. Assay results have been received for GGD-172, GGD-173, GGD-174, GGD-176, GGD-178 and GGD-179. Assays for all other holes drilled in the program are still pending. ETW – estimated true width based on existing geological information of strike, dip and extents of mineralized zones. Reported gold grades are uncapped. Drilling continues at San Francisco, with additional assay results expected over the coming months as the 26,000-metre program advances. Results will be progressively incorporated into the Company’s geological and structural models, resource evaluation, geotechnical characterization and mine planning work. The drilling program forms part of a broader technical initiative to evaluate the potential restart and optimization of the San Francisco operation. The Company has budgeted approximately USD 8.5 million for the current drilling program and expects the broader technical study to be completed in Fourth Quarter 2026. That study is expected to integrate updated geological and resource information with mine planning, geotechnical, metallurgical, processing, infrastructure, capital and operating cost considerations to evaluate the technical and economic potential of restarting operations. In parallel, the Company has developed a plan for the potential refurbishment of the crushing circuit and ADR plant. Subject to the results of the technical study and the Company’s subsequent development decision, this work could support a potential restart of operations in First Quarter 2027. Beyond the immediate restart opportunity, Goldgroup believes San Francisco provides a platform from which to evaluate a broader district-scale gold system. The structural framework controlling mineralization at San Francisco extends beyond the limits of the historical pits and areas of previous mining. As the Company improves its understanding of the principal mineralized structures, it will also evaluate opportunities to identify extensions, parallel structures and subsidiary mineralized zones elsewhere within the property. The current drill program therefore has the potential to provide benefits beyond resource definition and mine restart planning. Geological and structural information collected through drilling will contribute to a broader district-scale model that can be used to prioritize future brownfield exploration targets. At the regional scale, Goldgroup believes the geological setting surrounding San Francisco provides additional exploration opportunities that have not yet been systematically tested using the geological and structural understanding being developed through the current program.

VD-lön i procent	n/a
Anställning som VD	less than a year
Ägande av VD	1.1%
Ledningens genomsnittliga anställningstid	less than a year
Styrelsens genomsnittliga mandatperiod	less than a year

Namn	Position	Anställning	Kompensation	Ägarskap
Anthony Balic	Company Secretary	11yrs	US$126.68k	inga uppgifter
Francisco Reyes de la Campa	CEO & Chairman of the Board	less than a year	US$6.00k	1.12% $ 5.6m
Chet Holyoak	Chief Financial Officer	less than a year	inga uppgifter	inga uppgifter
Armando Alexandri	Chief Operating Officer	less than a year	inga uppgifter	inga uppgifter
Christopher Richings	Vice President of Technical Services	no data	inga uppgifter	inga uppgifter

Namn	Position	Anställning	Kompensation	Ägarskap
Francisco Reyes de la Campa	CEO & Chairman of the Board	less than a year	US$6.00k	1.12% $ 5.6m
Paul Zweng	Member of Advisory Board	14.3yrs	US$7.50k	inga uppgifter
Ronald Little	Director	less than a year	inga uppgifter	0.011% $ 52.8k
Nicole Adshead-Bell	Director	less than a year	inga uppgifter	inga uppgifter
Lila A. Murphy	Director	less than a year	inga uppgifter	inga uppgifter
Luis Felipe Aguirre	Director	less than a year	inga uppgifter	inga uppgifter

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2026/09/10 13:01
Aktiekurs vid dagens slut	2026/09/10 00:00
Intäkter	2026/06/30
Årlig intjäning	2025/12/31

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

Analytiker	Institution
Nicholas Campbell	Canaccord Genuity
Stuart McDougall	Research Capital Corporation

Goldgroup Mining Förvaltning

Förvaltning kriterier kontrolleras 1/4

Viktig information

Senaste uppdateringar av ledningen

Less than half of directors are independent

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Recent updates

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Goldgroup Mining Inc. (TSXV:GGA) agreed to acquire Minera Apolo S.A. de C.V. from a group of creditors for $3.2 million.

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