A2GOLD Commences Expanded Gravity Survey to Advance High-Priority Targets at Eastside Tonopah, NEV. ,
A2GOLD COMMENCES EXPANDED GRAVITY SURVEY TO ADVANCE
HIGH-PRIORITY TARGETS AT EASTSIDE
TONOPAH, Nev.
,
Feb. 5, 2026
/CNW/ -
A2Gold Corp. ("A2Gold" or the "Company")
(TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to
announce that it has commenced an expanded gravity survey at its 100%-owned Eastside Project in
Esmeralda County, Nevada
. The expanded
program is designed to further delineate and gain clarity on several newly identified geophysical targets that were only partially captured along the
margins of the Company's recently completed, property-wide gravity survey.
Initial interpretation of the original gravity data identified multiple compelling anomalies at or near the edges of the survey area. These targets extend
into areas of more extreme topographic relief that were not included in the initial survey design due to access and terrain considerations. However, the
strength, continuity, and geological context of the partially imaged anomalies were considered sufficiently compelling to warrant additional gravity
coverage.
The expanded gravity survey (see Map 1) will extend coverage into these previously unsurveyed areas to fully resolve the geometry and extent of the
emerging targets. The Company believes this additional data will provide important insight into potential extensions of the Eastside mineralized system
and will further refine drill targeting ahead of planned exploration drilling.
MAP 1: EXPANDED GRAVITY SURVEY AREA (CNW Group/A2 Gold Corp)
Peter Gianulis
, CEO of A2Gold, commented:
"The original gravity survey exceeded our expectations and revealed a much larger and more
complex system than previously understood. Several intriguing anomalies were cut off at the edges of the survey due to rugged terrain. Given the
quality of these partial targets, we felt it was critical to expand the survey to properly image them and understand their relationship to known
mineralization and regional structures. This additional work is already underway and will directly inform our upcoming drill programs"
The expanded gravity survey is currently in progress and will be integrated with existing gravity, airborne magnetic, radiometric, and geological
datasets. Results from the expanded survey will be used to refine drill hole locations targeting pediment-covered extensions, structural corridors, and
potential repetitions of favorable host lithologies identified elsewhere on the property.
COMPENSATION SECURITIES
The Company has granted 150,000 stock options to directors, officers and consultants of the Company. The stock options are exercisable at
$1.39
,
vest over a one-year period and expire five years from the date of grant.
The Company has also granted 60,000 restricted stock units ("RSUs") to a consultant of the Company. The RSUs will vest over a two-year period
and expire on
December 31, 2029
.
ABOUT EASTSIDE
The Eastside Gold-Silver Project is located in
Esmeralda County, Nevada
, approximately 20+ miles northwest of
Tonopah
, within the prolific
Walker
Lane Trend
. The project hosts a current inferred resource of 1.4 million ounces of gold and 8.8 million ounces of silver, with mineralization open in all
directions. Eastside covers a 92 km² land package that includes multiple high-priority zones such as McIntosh, Castle, and other exploration targets
yet to be named.
*Source: "Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report,
Esmeralda County,
Nevada
" conducted by Mine Development Associates of
Reno, Nevada
, with an effective date of
July 30
, 2021. Pit-constrained Inferred Resources
(cut-off grade of 0.15 g/t Au) of 61,730,000 tonnes grading 0.55 g/t Au and 4.4 g/t Ag at the Original Pit Zone (1,090,000 ounces gold and 8,700,000
ounces silver) and 19,986,000 tonnes grading 0.49 g/t Au at the Castle Area (314,000 ounces gold) with a gold price of
$1,725
/ounce. A copy of the
Eastside Technical Report can be found on SEDAR at
www.sedar.com
.
ABOUT A2GOLD CORP
A2Gold Corp. owns three highly prospective gold projects in
the United States
all of which are in the mining-friendly jurisdiction of
Nevada
. A2Gold's
flagship, district-scale Eastside Gold-Silver Project hosts a large and expanding gold and silver resource and is in an area of excellent infrastructure.
Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.
ON BEHALF OF THE BOARD
Peter Gianulis
, CEO
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S.
securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which are referred to collectively as
"forward-looking statements". The United States Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking
statements. A2Gold Corp.'s ("A2Gold") exploration plans for its gold exploration properties, the drill program at A2Gold's Eastside project, the
preparation and publication of an updated resource estimate in respect of the Original Zone at the Eastside project, A2Gold's future exploration and
development plans, including anticipated costs and timing thereof; A2Gold's plans for growth through exploration activities, acquisitions or otherwise;
and expectations regarding future maintenance and capital expenditures, and working capital requirements. Forward-looking statements are
statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic
conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some
cases, forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue",
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achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue
reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to
differ materially from those expressed in the forward-looking statements are described in the sections entitled "Risk Factors" in A2Gold's Listing
Application, dated
January 24, 2018
, as filed with the TSX Venture Exchange and available on SEDAR under A2Gold's profile at
www.sedar.com
.
Actual results and future events could differ materially from those anticipated in such statements. A2Gold undertakes no obligation to update or revise
any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as
otherwise required by applicable law.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold within
the United States
or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable
exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of
securities in
the United States
must be made by means of a prospectus containing detailed information about the company and management, as well
as financial statements.
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CO: A2 Gold Corp
CNW 09:15e 05-FEB-26