Nuvau Launches 17,500-Metre Drill Program at Matagami Exploration to target VMS-hosted polymetallic copper-zinc mineralization and gold potential on this district-scale property
Nuvau Launches 17,500-Metre Drill Program at
Matagami
Exploration to target VMS-hosted polymetallic copper-zinc
mineralization and gold potential on this district-scale
property
Toronto, Ontario--(Newsfile Corp. - March 24, 2026) - Drills have mobilized at Nuvau Minerals Inc.'s
(TSXV: NMC) flagship Matagami Property now that
the Company's $21M financing has closed
. The
overall goal of Nuvau's fully-funded 2026 campaign is to work toward realizing the critical minerals and
gold potential of this 1,380 km
2
district-scale land package.
"With this launch, we have achieved our third significant corporate milestone in as many months," said
Peter van Alphen, Nuvau's CEO. "After closing the financing and the
earn-in on the Matagami Property
,
we are now focused on extending Nuvau's track record of discovery to grow our resource base while
advancing our near-term production strategy."
A program with two objectives: adding to copper-rich resources through continued
exploration for base metals mineralization and unlocking gold potential.
Approximately 17,500 metres will be drilled across eight prospective sectors on the property, where
copper-rich volcanic massive sulphides (VMS) and gold occurrences occur in close proximity. Drilling
will initially focus on three target areas: Thundermine, the Daniel 25 area, and the North Central camp.
The program's two primary objectives reflect this unique geological setting:
Testing VMS-hosted copper targets
- Drilling will test targets associated with VMS-hosted critical
metal mineralization that have been defined using integrated geophysical surveys, geochemical
data, and till anomalies. The goal is to expand Nuvau's resource base, and support advanced
engineering studies aimed at near-term production at Matagami
Unlocking gold exploration potential
- Drilling to develop a gold exploration model for the
property, building on
Nuvau's first gold occurrence discoveries in 2025
. The Matagami district
occupies a strategic geological position between two major gold-bearing deformation corridors:
the Sunday Lake Deformation Zone to the north, host to the Detour Lake Mine, and the Casa
Berardi Deformation Zone to the south, host to the Casa Berardi, Joutel, and Vezza deposits.
Nuvau is collaborating with its drilling contractor to extend the drilling season and enable year-round
exploration. In a camp like Matagami, which presents logistical challenges due to the extensive wetlands
and swamp terrain, drilling is typically restricted to winter conditions. New operational approaches, such
as using lightweight drilling rigs and wooden matting, are planned to be implemented during this
campaign. Advanced ground preparation during the winter will also minimize environmental disturbance
and reduce remediation requirements during the spring thaw.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Bastien Fresia P. Geo. (Qc), Director of Technical Services and a "qualified person" for the purposes
National Instrument 43-101.
About Nuvau
Nuvau Minerals (TSXV: NMC) is a Canadian mining and exploration company advancing a historic
mining camp toward a production restart while generating new critical metal and gold discoveries. Its
flagship asset is the past-producing Matagami mining district in the Abitibi region of Québec. Nuvau
controls a 1,380 square kilometre land package and benefits from access to permitted mining
infrastructure, including an option on a 3,000 tpd concentrator.
The Company's strategy
is to combine
district-scale exploration targeting zinc-copper VMS deposits and newly recognized gold potential with
resource growth and project development.
Further Information
Peter van Alphen
President and CEO, Nuvau Minerals Inc.
416-525-6063
Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively,
"
forward-looking statements
") within the meaning of applicable securities laws. Any statements that
are contained in this news release that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often identified by terms such as "may",
"should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions
which are intended to identify forward-looking statements. More particularly and without limitation, this
news release contains forward-looking statements concerning: the completion and timing of any
remaining post-closing filings and registrations with governmental authorities; the timing and form of
payments contemplated by the Earn-In Agreement (including any election to satisfy a portion of such
payments in Common Shares), and if applicable, the receipt of any required stock exchange and
other regulatory approvals; the potential future acquisition of the excluded property and satisfaction of
applicable conditions related thereto; and the timing and ability of the Company to advance the
Property to production decision. Forward-looking statements are not a guarantee of future
performance and are based upon a number of estimates and assumptions of management, in light of
management's experience and perception of trends, current conditions and expected developments,
as well as other factors that management believes to be relevant and reasonable in the
circumstances. Readers are cautioned that assumptions used in the preparation of any forward-
looking statements may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted as a result of numerous known and unknown risks, uncertainties
and other factors, many of which are beyond the control of the Company. Factors that could cause
actual results to differ materially from such forward-looking statements are set out in the Company's
public disclosure record available on SEDAR+ (
www.sedarplus.ca
) under the Company's issuer
profile. Readers are further cautioned not to place undue reliance on any forward-looking statements,
as such information, although considered reasonable by the management of the Company at the time
of preparation, may prove to be incorrect and actual results may differ materially from those
anticipated.
The forward-looking statements contained in this news release are made as of the date of this news
release, and are expressly qualified by the foregoing cautionary statement. Except as expressly
required by securities law, the Company does not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a result of new information, future
events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
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regulatory authority has approved or disapproved the information contained herein.
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