A2GOLD to Acquire District-Scale Taylor Silver- GOLD Project in Nevada Addition of Drill-Ready Project with Historical Silver Resource 1 and Multiple Discovery Targets Tonopah, NEV. ,
A2GOLD TO ACQUIRE DISTRICT-SCALE TAYLOR SILVER-
GOLD PROJECT IN NEVADA
ADDITION OF DRILL-READY PROJECT WITH HISTORICAL SILVER RESOURCE
1
AND MULTIPLE DISCOVERY
TARGETS
TONOPAH, Nev.
,
March 6, 2026
/CNW/ -
A2Gold Corp. ("A2Gold" or the "Company")
(TSXV:
AUAU
) (OTCQX: AUXXF)
(FRA: RR7)
is pleased to announce that it has entered into a binding Letter of Intent (the "
LOI
" or the "
Transaction
") dated
March 5, 2026 to acquire a 100% interest in the Taylor Gold-Silver Project
("Taylor"
or the
"Project")
located in Nevada from
White Pine Precious Metals Inc. ("
White Pine
" or "
WPM
").
The Taylor Project is a district-scale 117 km² (45 mi²) land package located in a Tier-1 Nevada mining jurisdiction and
represents a compelling complement to A2Gold's flagship Eastside Gold-Silver Project. The acquisition significantly strengthens
the Company's Nevada portfolio and provides exposure to a large and highly prospective precious metals system with multiple
mineralization styles and substantial exploration upside.
With the addition of Taylor, A2Gold now controls approximately 230 km² of prospective mineral tenure across multiple district-
scale exploration projects in Nevada.
1
Source: "NI 43-101 Technical Report on the Taylor Silver Project, White Pine County, Nevada" prepared by SRK Consulting (U.S.) Inc., Denver, Colorado, with an effective date of May 17, 2018. Mineral resources are reported
using a silver price of US$17/oz and a cutoff grade of 1.6 oz/ton Ag. Measured and Indicated Mineral Resources total 3,789,000 tons grading 2.89 oz/ton silver for 10,995,000 contained ounces of silver. Inferred Mineral Resources
total 180,000 tons grading 2.91 oz/ton silver for 603,000 contained ounces of silver. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are considered too
speculative geologically to have economic considerations applied that would enable them to be categorized as mineral reserves, and there is no certainty that all or any part of the inferred mineral resources will be converted into
measured or indicated mineral resources.
Taylor Project Overview
The Taylor Project hosts a large and highly prospective mineral system with a historical 11M oz silver resource in the Measured
and Indicated category
1
and multiple exploration opportunities.
District-Scale Land Package -
The Taylor Project comprises approximately 117 km² (45 mi²) of mineral claims with historic
production and significant exploration upside. The project lies within an active exploration region of eastern Nevada where
several mid-tier and major mining companies operate, including KGHM, Freeport-McMoRan, South32, Rio Tinto, Ridgeline
Minerals and NevGold.
Permitted and Drill-Ready -
The project is fully permitted and bonded for immediate drilling, enabling A2Gold to commence
exploration programs shortly after closing.
Infrastructure in Place -
Taylor benefits from significant existing infrastructure including:
Water rights
Electrical power and substation access
Robust road network
Patented claims host much of the silver resource and existing pits
This infrastructure supports efficient exploration and potential future development scenarios.
Robust Modern Data Sets -
Over the past three years White Pine has completed extensive technical work across the district,
including gravity, magnetic, CSAMT, induced polarization and hyperspectral surveys that have defined the structural architecture
of the district and generated numerous high-priority drill targets.
Exploration Upside
Gold Potential -
Surface sampling and historical exploration drilling indicate strong potential for shallow oxide gold
mineralization.
Surface sampling defining a 3km x 10km gold anomalous corridor
Channel samples returning up to
4.2 g/t gold
over 11.0 meters, including
7.1 g/t gold over 3.3 meters
SPT-66 intersected
1.02 g/t gold over 18.3 meters
starting at surface
SPT-65 intersected
0.68 g/t gold over 24.4 meters
starting at surface including
0.85 g/t gold over 12.2 meters
Expansion of Silver Resource -
The project hosts a historical mineral resource estimate of approximately 11 million ounces of
silver in Measured and Indicated and 600,000 ounces of silver in Inferred, prepared in accordance with NI 43-101 in 2018 using
a 55 g/t silver cut-off and a silver price assumption of US$17/oz.
Silver price sensitivity analysis was completed up to $30/oz silver indicating the presence of a larger resource with higher silver
prices
(Table 1)
.
Table 1: Mineral Resource Sensitivity: Measured and Indicated Resources; Inferred Resources; and MII Resources
Measured and Indicated
Silver ($US/oz)
Cutoff Grade (oz/t)
ktons
Silver (oz/t)
Contained Silver koz
$17.00
1.6
3,789
2.89
10,995
$20.00
1.3
5,084
2.56
13,013
$25.00
1.1
6,591
2.30
15,170
$30.00
0.9
8,755
2.04
17,883
Inferred
Silver ($US/oz)
Cutoff Grade (oz/t)
Tons
Silver (oz/t)
Contained Silver koz
$17.00
1.6
180
3.35
603
$20.00
1.3
397
2.86
1,135
$25.00
1.1
595
2.51
1,492
$30.00
0.9
1,343
1.98
2,662
The Company considers this estimate historical in nature and not current, as no updated technical report has been prepared. A
Qualified Person has not completed sufficient work to classify the estimate as a current mineral resource and A2Gold is not
treating it as current. Historical drilling indicates the resource remains open in multiple directions, with several holes bottoming in
mineralization at approximately 135 metres depth.
Historical records indicate that the Taylor District produced approximately 1.94 million ounces of silver between 1875 and 1892,
including 1.143 million ounces from 39,946 short tons grading 28.61 oz/ton silver between 1883 and 1892. Most early
production came from silicified, shallowly dipping mineralized zones in the upper Guilmette Formation, primarily at the Argus and
Monitor mines. More recent mining from 1981 to 1984 processed 1.47 million tons grading 3.50 oz/ton silver, producing
approximately 3.77 million ounces of silver and ~3,000 ounces of gold with ~69.5% silver recovery. Mining ceased in 1984, and
milling operations ended in 1991.
Antimony Potential -
In addition to precious metal mineralization, the Taylor district hosts significant antimony mineralization,
which represents potential exposure to a critical mineral currently identified as strategically important by the United States
government.
Historical records and recent exploration work indicate antimony occurs across a district-scale footprint at Taylor, with an
approximate 52 km
2
surface expression of antimony mineralization associated with gold and polymetallic mineralization.
The district hosts two historic antimony-producing mines, including the Enterprise Mine, where historic production reported
grades of 39%, 56%, and up to 76% antimony. Historical drilling at the Merrimac Mine returned several notable intercepts,
including:
7.01% antimony over 4.3 meters
4.61% antimony over 4.6 meters
3.79% antimony over 5.5 meters
Recent surface sampling has also returned high-grade antimony mineralization, including samples grading 18.4% and 21.6%
antimony. Geochemical surveys have defined a greater than three-kilometer antimony soil anomaly, further demonstrating the
scale of the mineralized system. Geological interpretation suggests that antimony mineralization may be associated with a
broader gold-CRD-skarn-porphyry mineral system, providing the project with exposure to multiple deposit types and additional
exploration upside.
Carbonate Replacement Deposit (CRD) Potential -
The district hosts historic Ag-Pb-Zn-Cu CRD mineralization with multiple
occurrences identified along strike and at depth that have not been systematically tested with modern exploration methods.
Porphyry / Skarn Upside -
Multiple strong geophysical targets and the presence of quartz-sericite-pyrite (QSP) alteration
associated with Jurassic porphyritic rhyolite dikes suggest the potential for a deeper intrusive-related mineral system.
Importantly, most historical drilling across the district has been relatively shallow, with the majority of holes drilled to less than
152 metres (500 feet) in depth.
Strategic Complement to Eastside
The Taylor acquisition expands A2Gold's Nevada platform by adding a second district-scale project with both gold and silver
exposure and substantial exploration potential.
While Eastside represents a large low-sulphidation epithermal system with significant gold-silver resources and continued
expansion potential, Taylor introduces a complementary geological setting with shallow oxide gold mineralization and deeper
carbonate replacement deposit ("CRD"), skarn and porphyry exploration targets.
Together, Eastside and Taylor position A2Gold with multiple district-scale opportunities in Nevada, one of the world's premier
mining jurisdictions. Few junior companies control this amount of prospective ground across multiple district-scale systems in
Nevada. Importantly, the Company believes Taylor represents one of the largest undrilled precious metals exploration
opportunities remaining in Nevada.
Peter Gianulis, CEO of A2Gold, commented:
"The acquisition of the Taylor Project represents an important step in building
A2Gold into a leading Nevada-focused precious metals exploration company. Eastside remains our flagship asset and a large-
scale gold system with significant growth potential. The addition of Taylor complements Eastside by introducing a second
district-scale project with both gold and silver exposure and multiple exploration opportunities. Projects of this scale and
potential in Nevada rarely become available. Over the past several years White Pine has done an excellent job consolidating the
district and advancing the geological model. With Taylor we are adding a highly prospective system that has seen limited
modern exploration and where the vast majority of historic drilling has been relatively shallow. Importantly, A2Gold is in a strong
financial position with a solid balance sheet and the capital necessary to aggressively advance both Eastside and Taylor.
Our
objective is clear: to build A2Gold into the next major precious metals discovery platform in Nevada.
"
Transaction Summary
Pursuant to the LOI, A2Gold will acquire a 100% interest in the Taylor Project through an asset purchase structure.
Share Consideration
A2 shall issue to White Pine
8,662,881
common shares of A2 (the "Consideration Shares") as consideration for the acquisition
of the Assets. The number of Consideration Shares has been determined based on a deemed value of
C$10,000,000
,
calculated using the 20-day volume weighted average trading price ("
VWAP
") of the common shares of A2 on all Canadian
stock exchanges, including but not limited to the TSX Venture Exchange, NEO, Alpha and Omega, for the twenty (20) trading
days ending on March 4, 2026, being C$1.1544 per share. Shares will be subject to:
4-month statutory hold period with an initial 20% release
Voluntary escrow release schedule of 20% released every 3 months after initial statutory hold period
Deferred Cash Consideration -
US$1,000,000 payable as follows:
US$250,000 at closing
US$250,000 every three months thereafter
The payments are non-interest bearing and prepayable at any time without penalty
Royalty -
White Pine will retain:
2% NSR on claims without existing royalties
A2 may repurchase 1.0% of the NSR for US$2 million within 4 years or US$3 million within 6 years
White Pine will retain up to a 1.0% NSR on claims with existing royalties, provided the aggregate royalty burden does not
exceed 3.0% NSR.
The transaction remains subject to customary conditions including execution of definitive agreements, resolution of certain
historical mining interests and regulatory approvals.
QUALIFIED PERSON
John Marma is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the
Qualified Person under NI 43-101, Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific
and technical content of this press release.
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", "forecast", "intend", "believe", "predict",
"potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations)
suggesting future outcomes or statements regarding an outlook. Such forward-looking statements are based on a number of
material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual
results, performance or 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 09:30e 06-MAR-26