ONGold Identifies Pervasive Gold System at TPK Project Intersecting 19.39 g/t Gold over 8.2 m in Gold Ridge Area
ONGold Identifies Pervasive Gold System at
TPK Project Intersecting 19.39 g/t Gold over
8.2 m in Gold Ridge Area
Toronto, Ontario--(Newsfile Corp. - November 4, 2025) - ONGold Resources Ltd. (TSXV: ONAU)
(OTCQB: ONGRF) (the "
Company
" or "
ONGold
") is extremely pleased to announce initial results from
its recent diamond drilling program in the gold ridge area ("
Gold Ridge
") of the Ti-pi-ha-kaa-ning
("
TPK
") project located in Northern Ontario.
The TPK project hosts two large independent mineralized
systems and is comprised of 2,504 claims covering an area of 69,764 hectares within a highly favorable
geological setting. The Gold Ridge area, the focus of this current exploration program, occurs at the
head of a large gold grains-in-till dispersal corridor and is located in the northern portion of the expansive
TPK property.
The results of this program, plus previous exploration results are interpreted to indicate
the presence of a large, intrusive-hosted, orogenic gold system. These geological interpretations are
preliminary in nature; no mineral resource has been defined on the TPK project.
The diamond drilling program recently completed at Gold Ridge was designed to further define the
extent of the Discovery Zone (as defined herein) as well as probe a strong Induced Polarization ("
IP
")
anomaly coincident with anomalous gold and copper values in boulders identified at the western part of
the Gold Ridge area.
The recently completed program at Gold Ridge consisted of 2,169 m in 9 holes as
well as a targeted surface geology mapping program.
This news release contains initial gold assay results for 8 holes of the 9 hole program.
Remaining results
and base metal values are pending and will be released once they have been received and verified by
the Company. The first four holes targeted an historical intersection of 4.62 g/t gold over a core length of
5.5 m (from 145.6 m to 151.1 m), including 20.8 g/t gold over 1.0m (from 145.6 m to 146.6 m) in hole
NG-12-003C (the "
Discovery Zone
"). All four holes drilled in the Discovery Zone were successful in
intersecting this zone. Two of the holes were drilled near an historical IP anomaly up-ice of a gold grains
in till anomaly and boulders containing highly anomalous gold and copper values in the west part of the
Gold Ridge area. Two holes were drilled to test a series of NNE-trending shears and quartz veins near
the terminus of historical anomalous gold grains in till values. The last hole (for which results have not
been received) was drilled to test a diorite/volcanic contact and gold grains anomaly in the eastern part
of the Gold Ridge area.
To date, every hole with received assays in this area has returned anomalous
gold values greater than 0.1g/t gold.
The highlights of the current program to date include:
GR-25-011:
19.39 g/t Au over a core length of 8.2 metres from 11.8 m to 20.0 m (including 308 g/t
Au over 0.3m from 11.8m to 12.1 m and 24.80 g/t Au over 0.7 m from 12.1 m to 12.8 m, also
including 12.20 g/t Au over 1.5 m from 17.0 to 18.5 m and 20.10 g/t Au over 1.5 m from 18.5 m to
20.0 m).
GR-25-012:
0.30 g/t Au over 56.4 metres from 206.0 m to 262.4 m (including 1.06 g/t Au over 7.85
metres from 206.0 m to 213.85 m, including 2.24 g/t Au over 1.6 metres from 208.0 m to 209.6 m
and 2.08 g/t Au over 1.15 metres from 212.7 m to 213.85 m)
in a new zone of mineralization,
following up on a gold grains-in-till anomaly and anomalous gold and copper values in angular
boulders.
GR-25-014:
5.2 g/t Au over 1.5 metres
from 200.5 m to 202.0 m in a new zone near the terminus
of a gold grains-in-till anomaly in the northern part of the Gold Ridge area.
Kyle Stanfield, CEO and a director of ONGold, commented: "The recently completed exploration
program at TPK's Gold Ridge has succeeded in identifying a pervasive gold bearing system spread
over a width of approximately 400 metres extending from the Discovery Zone to the shore of
Mameigwess Lake, a length of 1,400 metres.
1
Anomalous gold has been identified in each drill hole
assayed to date including high gold grades associated with the Discovery Zone (19.39 g/t gold over a
core length of 8.2 metres).
The program represents a key turning point at TPK as it has verified that the
Gold Ridge is at the head of a large gold grains-in-till dispersal corridor with multiple remaining targets
identified.
We are truly pleased to now reach the stage at TPK — Gold Ridge where further programs
will continue to advance evaluation of the Gold Ridge system."
History
Property scale till sampling by earlier operators defined a 10 km long X 3.5 km wide gold grains-in-till
dispersion train (the "
Keeley Lake Train
") of gold grains-in-till, which terminates in the Gold Ridge
system area.
Anomalous pristine gold grain counts define a NNE trending corridor in the north part of the
project area. To the south, a second trend is defined by the abrupt termination of anomalous pristine
gold grains in till and trends approximately 060 azimuth before swinging approximately east-west in the
northeast part of the area (see Figure 1). Although the previous sampling was a coarse spacing (200 m
to 500 m) the results suggest multiple sources of gold grains.
The till survey was followed up by a program of prospecting and boulder sampling. Of 100 historical
samples of mineralized boulders, 24 returned anomalous gold values between 0.1 and 1.0 g/t gold and 9
assays > 1.0 g/t gold, including one that assayed 727 g/t gold, 111 g/t silver, 4.1% copper.
Subsequent
diamond core drilling in 2012 consisted of 2,241m in 7 holes and returned values of 4.62 g/t gold over a
core length of 5.5 m (from 145.6 m to 151.1 m), including 20.8 g/t gold over 1.0m (from 145.6 m to 146.6
m) in hole NG-12-003C (now branded as the Discovery Zone) and 13.40 g/t gold over a core length of
1.90m (from 162.3 m to 164.2 m), including 41.5 g/t gold over 0.6m (from 162.3 m to 162.9 m) hole NG-
12-005C, with every hole intersecting anomalous gold values over 100 ppb.
2
Current Program
Nine diamond core holes were drilled for a total of 2,169 m of BQTK drilling size core. Oriented core
was used to obtain structural measurements from the core and estimate the orientations of the features
measured. The first four holes targeted the historical Discovery Zone intersection. Mineralization in this
part of the Gold Ridge area is hosted in chloritic shears associated with sheared, chloritic mafic dykes
cutting a diorite to quartz-diorite.
The mapping program was instrumental in establishing that many of
these shears are north-northeast trending and dip steeply to the west-northwest, a significant departure
from earlier interpretations.
The mapping supported the results of oriented core measurements from the
drilling program, which saw many shears and veins striking 020 azimuth to 040 azimuth.
Mineralization
consists of quartz veins and stringers, accompanied by disseminated pyrite, pyrrhotite and local
chalcopyrite. Reported intervals are length-weighted composites of uncut assays unless otherwise
noted.
Figure 1 : Historical gold grains-in-till results, interpreted geology,
historical and recent drilling, Gold
Ridge area.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10770/273050_3102b978a4e818ea_001full.jpg
Hole GR-25-008 targeted the Discovery Zone along strike to the east. The hole was successful in
intersecting a chloritic shear and quartz vein from 211.7 m to 212.2 m that correlates with the Discovery
Zone, a step out of approximately 65 metres. Several other shears and veins in the hole also gave
anomalous gold values and slightly elevated gold values (10-30 ppb) were obtained through much of this
hole.
Following the geological mapping and oriented core measurements from hole GR-25-008, the Discovery
Zone was targeted up-dip of the historic intersection. Holes GR-25-009, 010 and 011 were drilled from
the same site, all intersected the Discovery Zone and were successful in extending the Discovery Zone
for 88 metres up-dip to a point just below the overburden/bedrock interface. In addition to the Discovery
Zone, a second, new zone was also found in hole GR-25-010 from 11.3 m to 14.5m, grading 0.99 g/t
gold over a core length of 3.2m (including 1.2 m
grading 2.37 g/t gold from 13.3 m to 14.5 m).
Hole GR-25-011 intersected a strong quartz vein within sheared and chloritic diorite. Visible gold was
seen parallel to the foliation in the sample from 11.8m to 12.1 m (See Figure 2).
The overall zone from
11.8m to 20.0 m averaged 19.39 g/t gold over a length of 8.2 metres, including 308 g/t gold from 11.8 m
to 12.1 m, 24.8 g/t gold over 0.7 m from 12.1 m to 12.8 m,
12.20 g/t gold from 17.0 m to 18.5 m and 20.1
g/t gold over 1.5 m from 18.5 to 20.0 m.
Assays greater than 5 g/t gold were initially re-assayed fire
assay with a gravimetric finish and subsequently analyzed by screened metallics assay.
Hole GR-25-012 was drilled near an historical IP anomaly up-ice of an historical till sample containing
157 pristine gold grains and historical grab samples of angular boulders which contained anomalous
gold and copper values (see ONGold's news release dated September 4, 2025).
The hole intersected a
zone of quartz veining, local silicification, disseminated pyrite, pyrrhotite and chalcopyrite hosted in
altered diorite and gabbro which assayed 0.30g/t gold over 56.4 metres from 206.0 m to 262.4 m
(including 1.06 g/t gold over 7.85 metres from 206.0 m to 213.85 m in a zone consisting of 90% quartz,
including 2.24 g/t gold over 1.6 metres from 208.0 m to 209.6 m and 2.08 g/t gold over 1.15 metres from
212.7 m to 213.85 m).
Further down the hole, GR-25-012 intersected a weak shear in gabbro which was biotized, weakly
silicified and contains disseminated pyrite and chalcopyrite from 314.2 m to 319.15 m. A vein from
319.15 m to 319.55 m (0.4 m) contains a visually estimated 35% chalcopyrite. Note: visual estimates of
a particular mineral do not necessarily assay values. Gold values from this zone averaged 1.50 g/t gold
over a core length of 1.15 metres from 318.5 m to 320.0 m (including 4.45 g/t gold over 0.4 metre from
319.15 m to 319.55 m).
Geochemistry and base metal assays are pending for this hole and results will
be disclosed once available.
GR-25-013 attempted to intersect the veins found in hole Gr-25-012 to the east. Values of 1.79 g/t gold
over 0.3 metre from 157.8 m to 158.1 m and 0.97 g/t gold over 0.4 m from 294.6 m to 295.0 m correlate
to two 10-15 cm wide quartz-chalcopyrite veins. Geochemistry and base metal assays are pending for
this hole and will be disclosed once available.
GR-25-014 tested the terminus of historical anomalous pristine gold grain counts-in-till. Previous
prospecting and detailed mapping in the current exploration program identified a number of thin shears
and quartz veins primarily hosted in diorite which assayed from <0.005 to 1.28 g/t gold from grab
samples. A number of anomalous gold values were obtained from this hole (see Table 1), in particular,
0.119 g/t gold over a length of 7.5 metres, from 92 m to 99.5 m and 5.21 g/t gold over 1.5 metres, from
200.5 m to 202 m. Geochemistry and base metal assays are pending for this hole and will be disclosed
once available.
Hole GR-25-015 was drilled from the same location as GR-25-014 to further test the shears and veins
identified in mapping. Similarly, several anomalous intersections were obtained (see Table 1). These
include
0.27 g/t gold over 4 metres from 178 m to 182 m, 2.00 g/t gold over 2 m from 203 m to 205 m
(including 3.47 g/t gold from 203.0 m to 204.0 m) and 0.64 g/t gold over 1.8 m from 247.3 m to 249.1 m
(including 1.00 g/t gold over 1 metre from 247.3m to 248.3 m). Geochemistry and base metal assays are
pending for this hole and will be disclosed once available. Results received for the program to date are
summarized in Table 2.
Table 1: Gold Ridge Diamond Drilling Results, Gold Assays Only.
Base metal assays for holes GR-25-012 to GR-25-015 are pending.
Hole
From
To
Length
Au (g/t)
Zone
GR-25-008
184
190.6
6.6
0.22
New
including
190.27
190.6
0.33
1.36
and
211.7
212.2
0.5
0.99
Discovery
and
227
229.8
2.8
0.16
New
GR-25-009
72
78
6
0.26
Discovery
GR-25-010
11.3
14.5
3.2
0.99
New
Including
13.3
14.5
1.2
2.37
GR-25-010
25
31.5
6.5
0.13
Discovery
GR-25-011
10.65
20
9.35
17.12
Discovery
Including
11.8
20
8.2
19.39
including
11.8
12.1
0.3
308.00
and
12.1
12.8
0.7
24.80
and
17
18.5
1.5
12.20
and
18.5
20
1.5
20.10
GR-25-012
149.2
149.7
0.5
0.73
New
and
206
262.4
56.4
0.30
New
including
206
213.85
7.85
1.06
including
208
209.6
1.6
2.24
and
212.7
213.85
1.15
2.08
and
266.5
269.5
3
0.37
New
and
318.5
320
1.5
1.50
New
and
319.15
319.55
0.4
4.45
GR-25-013
63.1
66.8
3.7
0.31
New
and
157.8
158.1
0.3
1.79
New
and
294.6
295
0.4
0.97
New
GR-25-014
13.93
15
1.07
0.24
New
and
92
99.5
7.5
0.12
New
and
172.2
172.7
0.5
0.97
New
and
200.5
202
1.5
5.21
New
and
273
274
1
0.91
New
GR-25-015
125
126
1
0.37
New
and
178
182
4
0.27
New
and
203
205
2
2.00
New
including
203
204
1
3.47
and
247.3
249.1
1.8
0.64
New
including
247.3
248.3
1
1.00
and
264
264.5
0.5
0.75
New
and
268
269
1
1.01
New
Hole GR-25-016 was drilled to test a diorite/greenstone contact near a gold grains-in-till anomaly
containing 112 pristine gold grains. The hole intersected mafic volcanic, and sedimentary rocks before
entering the diorite and ended in a fine-grained mafic unit.
Assays are pending.
Figure 2: Visible Gold in the Interval 11.8-12.1 m, Hole GR-25-011 Which Assayed 308 g/t Au
3
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10770/273050_ongold%20figure%202.jpg
Figure 3: Quartz Vein Zone in GR-25-012 with Assays in g/t Au.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10770/273050_3102b978a4e818ea_008full.jpg
Table 2: Gold Ridge 2025 Drilling Program
Drillhole Name
Easting
Northing
Elevation
Azimuth
Dip
Length (m)
GR-25-008
432130
5823230
276
350
45
311
GR-25-009
432055
5823323
272
170
86
110
GR-25-010
432055
5823323
272
170
75
98
GR-25-011
432055
5823323
272
170
50
80
GR-25-012
430555
5822840
260
350
47
329
GR-25-013
430555
5822840
260
20
47
329
GR-25-014
432321
5824301
260
300
47
305
GR-25-015
432321
5824301
270
120
45
305
GR-25-016
433941
5823764
270
360
47
302
Property Geology
The TPK Property is located in the Mameigwess greenstone belt of Oxford-Stull domain of the Sachigo
Superterrane. The Stull-Wunnumin Fault Zone ("
SWFZ
") is a regional-scale structure that forms the
boundary between the Oxford-Stull terrane and the North Caribou terrane.
In the Gold Ridge area rocks mapped as mafic, intermediate and felsic volcanics and interbedded
sediments have been intruded by early gabbro and quartz diorite/granodiorite complexes. The intrusions
were in turn intruded by early mafic dykes (now often seen as chloritic shears) before being deformed.
Detailed mapping in the northern part of the Gold Ridge area confirmed the low gold values obtained by
the previous operator, as well as finding new gold values over a larger area. Of 49 grab samples taken in
the current program, 10 assayed higher than 50 ppb gold, 6 assayed higher than 350 ppb gold. One
sample of a quartz vein assayed 2.85 g/t gold, while a sample of sheared quartz diorite approximately
13 m south of the vein assayed 2.59 g/t gold. Together these represent a new surface gold showing.
In the eastern part of the Gold Ridge area, sheared and silicified gabbro was seen in close proximity to a
mafic volcanic/gabbro contact. This represents a separate target area, to be investigated in future
exploration programs.
Mineralization throughout the Gold Ridge area is controlled by shears in the volcanic and intrusive rocks
and consists of quartz veins and stringers, accompanied by disseminated pyrite, pyrrhotite and local
chalcopyrite in chlorite-biotite alteration and local silicification. Low levels of gold, in the 10 ppb to 30
ppb range, are widespread in the diorite in the Discovery Zone area. Localized anomalous to highly
anomalous gold values in outcrops and drilling are now known to occur over an area approximately 400
metres wide by 1,400 metres long along a NNE trending corridor in the Gold Ridge area. Taken
together, these features are interpreted to indicate the presence of a large, intrusive-hosted, orogenic
gold system. Such systems are known to host significant gold deposits in similar geologic terrains.
Comparisons to other deposits or districts are not necessarily indicative of mineralization on the TPK
property.
Qualified Person
The scientific and technical content of this press release has been reviewed and approved by Rodney
Barber, P. Geo. for ONGold, who is a "
Qualified
Person
" as defined by NI 43-101. Mr. Barber has
verified the technical data disclosed in this news release by (i) overseeing core logging/sampling, (ii)
reviewing laboratory certificates, and (iii) comparing collar/survey data to field records. Historical results
were reviewed for reasonableness against original filings and available logs; limited verification has
been performed and historical results should not be relied upon until confirmed. Mr. Barber is the
President of ONGold and is not considered independent. Ongoing verification of scientific and technical
information is achieved by direct involvement in the exploration work.
QA/QC Procedures
Quality Assurance/ Quality Control ("
QA/QC
") procedures were executed to ensure all work is conducted
in accordance with best practices. Drill core was sawn in half with one half of the core prepared for
shipment and the other half retained for future verification.
Samples were placed into security-sealed
bags for shipment.
Drill core is BQTK size and sample intervals range from 0.3 metres to 1.5 metres in
length.
Commercially prepared certified reference material ("
CRM
") standards and blanks were inserted
at a rate of 1 QA/QC sample in every 10 core samples. Samples were analyzed at the Activation
Laboratories facility in Thunder Bay, Ontario which is ISO 17025 and ISO 9001 certified. Samples were
initially analyzed by 50-gram fire assay with atomic absorption finish.
Any sample assaying greater than
5 g/t gold was re-assayed by fire assay gravimetric analysis. Selected samples have been analyzed by
screened metallics method.
About ONGold Resources Ltd.
ONGold Resources Ltd. owns significant exploration assets in Northern Ontario and Northern Manitoba,
including the district-scale Monument Bay Gold and Tungsten Project, TPK Project, Domain Gold Project
and October Gold Project. These projects represent a strategic footprint in one of Canada's most prolific
gold-producing regions.
With its extensive technical expertise, strong commitment to social acceptability, mindful Indigenous
engagement and partnerships, in addition to a proven track record of responsible exploration, ONGold's
team is uniquely positioned to unlock the full potential of its portfolio of projects.
ONGold Resources Ltd. on behalf of the Board of Directors
Kyle Stanfield, Chief Executive Officer & Director
Contact Information
Kyle Stanfield
Chief Executive Officer
Telephone: 1 (855) 525-0992
Email:
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 or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation, including statements regarding: the nature, extent and interpretation of
mineralization at Gold Ridge and the TPK project; the presence or potential of an intrusive-hosted,
orogenic gold system; the significance of till, boulder and drilling results; the timing and disclosure of
pending assays (including base-metals/multi-element data); the potential dimensions and continuity
of mineralized corridors; and the Company's plans for follow-up exploration programs and objectives.
Forward-looking information is based on a number of assumptions that, while considered reasonable
by ONGold as of the date of this release, are inherently subject to significant business, technical and
economic uncertainties and contingencies. Assumptions include: the representativeness and
reliability of sampling and analytical results; that historical information is fairly reported; the
availability and performance of laboratories; that planned exploration can be executed as designed;
access, weather and logistical conditions; the availability of financing, personnel and equipment; and
stable market and regulatory conditions.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those expressed or implied, including, without
limitation: early-stage exploration risk; uncertainty of geological interpretations and continuity; the
preliminary nature of results (true widths unknown; no mineral resources defined); that sampling (till,
grab and selected core intervals) may be selective and not representative; assay variability and
delays; risks related to community and Indigenous engagement and permitting; access, weather and
logistical constraints in remote areas; commodity price and currency fluctuations; capital markets and
financing risk; regulatory changes; and the other risks set out under "Risk Factors" in the Company's
continuous disclosure filings available at
www.sedarplus.ca
.
Readers are cautioned not to place undue reliance on forward-looking information. ONGold
undertakes no obligation to update any forward-looking information, except as required by applicable
securities laws.
1
Dimensions reflect field and drilling observations to date; true widths are not yet known.
2
Till and boulder sampling are selective by nature and may not be representative of mineralization on the property. These results are historical in
nature and were generated by a previous operator. While the Company and its Qualified Person (as such term is defined in National Instrument 43-
101 -
Standards of Disclosure in Mineral Projects
("
NI 43-101
")) have reviewed the available information, they have not independently verified all
historical results and such results should not be relied upon until confirmed by current work.
3
Photographs of core are selective and may not be representative of mineralization.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/273050