T2 Metals Acquires High-Grade Aurora GOLD-Silver Project in the Yukon from Shawn Ryan
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T2 METALS ACQUIRES HIGH-GRADE AURORA GOLD-SILVER PROJECT IN THE
YUKON FROM SHAWN RYAN
Past Drilling Results Include 3.4m @ 24.45 g/t Au at AJ Prospect
Vancouver, British Columbia – February 26 2026: T2 Metals Corp. (“T2 Metals” or the “Company”)
(TSX-V: TWO) (OTCQB: TWOSF) (WKN: A3DVMD) is pleased to announce signing of an Option Agreement
(the “Option”) with renowned explorer Shawn Ryan (“Ryan”) and Wildwood Exploration Inc. (together with Ryan,
the “Optionor”) to earn a 100% interest in the 76 sq km Aurora Gold Project in prolific Tintina Gold Belt of the
Yukon Territory, Canada.
Aurora is an Intrus ion Related Gold System ( “IRGS”) that lies 70 km northeast of Dawson City, is 2 km from the
Dempster Hwy at its nearest point, and importantly only 10 km east of Prospector Metals Corp’s ML Project (see
Figure 1).
Project Highlights:
• Situated close to Dawson City and adjacent to the Dempster Hwy , the Aurora Mineral Project spans a
significant land package within the Tombstone Gold Belt, one of North America’s premier gold and silver
mining districts.
• Aurora is geologically similar to the nearby ML Project of Prospector Metals Corp, where recent drilling has
identified high grade gold-copper mineralization (e.g. 13.79 g/t Au and 1.84% Cu over 44m).
• The Aurora m ineral claims are c entred on the Antimony Mountain Stock , a Tombstone Plutonic Suite
intrusion similar to other mid-Cretaceous intrusions that are genetically associated with major IRGS deposits
in the Yukon and Alaska.
• Six significant gold-bearing prospects have been identified by Shawn Ryan and past explorers over a 10
km trend utilizing soil and rock chip sampling.
• Less than 3,000 m of drilling has been completed at Aurora, with no work undertaken for over 15 years.
• Most recently 12 holes for 881 m were drilled at the AJ prospect by Golden Predator in 2009 from which
results included:
4.9 m @ 12.45 g/t Au (AJ09-17)
3.4 m @ 24.45 g/t Au (AJ09-18)
3.2 m @ 25.06 g/t Au (AJ09-21)
• The Golden Wall Prospect has been sampled by past explorers and shows disseminated sulphides and iron
oxide over a 400 m cliff face. Up to 61 g/t Au was discovered in outcrop , and Golden Predator drill hole
GW10-028 returned 2 m @ 3.2 g/t Au.
• Meet the T2 Metals team at the Prospectors & Developers Association of Canada (“PDAC”) Conference in
Toronto from March 1 to 4 at Booth 2941, or reach out to arrange a meeting [email protected].
Mark Saxon, CEO of T2 Metals Corp. said " The acquisition of the Aurora Gold Project reinforces T2 Metals very
strong entry into in the Yukon, built upon foundations laid by explorers Shawn Ryan and Cathy Wood over decades
of exploration. Aurora is a well mineralized yet lightly explored mineral project that lies along strike from Prospector
Metals’ new ML discovery. They have held the Aurora ground since 2004 ande are very pleased to be entrusted
with the ongoing exploration of this exciting property.
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Project partner Shawn Ryan commented “Aurora is one of the highest prospectivity mineral projects I’ve held in
the Yukon, and the nearby success of Prospector Metals reinforces its potential. I’m excited to be working with the
T2 Metals technical team to see how this project develops.”
Figure 1: Regional Location of the Aurora Mineral Project, Yukon Territory, Canada.
See Table 2 for additional information on resource-stage projects and supporting NI43-101 report references.
Exploration History
Exploration at Aurora has been intermittent since the first discovery of stibnite veins in 1916 , which provided the
early name for the area, Antimony Mountain . Notable work programs were conducted by Conwest Exploration
(1966-1967), Anaconda Canada (1979-1980), Total Energold (1988-1989), and Kennecott (1994-1998).
More recently, Logan Resources and Golden Predator conducted soil sampling surveys and limited diamond drilling
(2005-2011), intersecting significant gold mineralization and defining further high-grade targets at the AJ Vein and
Golden Wall prospects (see Table 1 or https://data.geology.gov.yk.ca/Occurrence/14772#InfoTab).
Regional Geology
The Aurora Gold Project lies near the western edge of the Selwyn Basin in the northwest of the Yukon Territory .
The stratigraphy consists of late Proterozoic to Palaeozoic marginal basinal and platformal clastic and pelitic
sediments, intruded by post -accretionary mid-Cretaceous plutons. The Tombstone Plutonic Suite (93-91 Ma) are
represented by alkalic monzonites and syenites often associated with intrusion-related gold deposits , most often
exposed in the western part of the Selwyn Basin, close to the Tintina Fault (Stephens et al., 2004; Colpron et al.,
2011).
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Company Date(s) Work Performed Significant Mineralization Noted
Mr. W Walker 1916-1918 5.5 m adit and hand trenching in stibnite
veins in an aplite dyke. Sb
Conwest Exploration &
Central Patricia Gold Mines 1966–1967 Staking, geochem, geophysics, mapping,
and 4 drill holes (200.9m).
Au: Up to 120.0 g/t over 1.3m (North
showing); 28.5 g/t over 2.8m in drilling.
Cream Silver Mines 1970 Geological mapping and hand trenching of
Rainbow and JC veins N/A
Acheron Mines (later Pan
Acheron Resources) 1975–1976 Mapping, geochem, hand trenching, and 3
drill holes (166.1m).
Au: 20.6 g/t over 3.1m (South showing
vein) in drilling.
Standard Oil Company 1975-1976
Airborne radiometric survey, stream
sediment survey over Antimony Mtn stock;
ground radiometrics.
N/A
Anaconda Exploration Ltd 1979-1980
Mapping and geochemical sampling, 4 DDH
totalling 1000 m in the Rainbow and JC
veins.
N/A
Riocanex Inc. 1980 Electromagnetic (EM) survey. N/A
Cody Hawk Resources 1982–1988 Mapping, EM surveys, rock sampling, and
trenching.
Au: Identified association with quartz-
tourmaline-sulphide veins in hornfels.
Total Energold Corp 1988–1989 Mapping, geochem, airborne/surface
geophysics, trenching, 6 drill holes (756m).
Au: 22.8 g/t over 1.53m; 7.9 g/t and 7.5
g/t over 1.8m in drilling.
Kennecott Canada Inc. 1994–1998 Large-scale mapping, soil/stream/rock
sampling, and prospecting.
Au: Float samples of 19.0 g/t and 7.24
g/t; 69.0 g/t Au from Toby Creek vein
outcrop.
Prospector International
Resources 1997–1998 Staking, stream sampling, and prospecting. Ag/Pb/Zn: 15.6 ppm Ag, 1.3% Pb, and
6.5% Zn (For Sure claims).
Strategic Metals / War
Eagle JV 2004 Prospecting, soil sampling, mapping,
trenching, and 4 drill holes (832m).
Au/Cu: 20-40m intervals of 200-300 ppb
Au; associated with chalcopyrite (Cu).
Logan Resources / Golden
Predator 2005-2011 12 diamond drill holes on the AJ target. Au: 12.45 g/t over 4.88m; 5.55 g/t over
0.49m; 9.24 g/t over 0.31m.
Table 1. Aurora Gold Project history, taken from Yukon Geological Survey records.
Property Geology
The Aurora Project is underlain by Late Proterozoic to Lower Cambrian clastic metasediments of the Hyland Group
(Yusezyu and Narchilla Formations) which consist of interbedded shale, quartzite, and coarse sandstone. These are
transitionally overlain by the Road River Group, comprised of calcareous greywacke, siltstone, and limestone (see
Figure 2).
The central part of the project is underlain by the Mid -Cretaceous (93-91 Ma) Antimony Mountain Stock (AMS),
part of the Tombstone Plutonic Suite. The stock is an elongate, 7 x 3.5 km body of hornblende syenite to quartz
monzonite. It exhibits a porphyritic texture with alkali feldspar phenocrysts and is fringed by a fine -grained diorite
phase. Notably, the northern part of the stock is essentially non-magnetic (reduced), while the southern portion is
highly magnetic (oxidized), suggesting multiple intrusive pulses.
Aurora is strategically located between the Tintina Fault to the south and the Dawson Thrust Fault to the north,
with the Robert Service Thrust situated on the western edge of the property. This regional-scale fault network has
provided access for hydrothermal fluids associated with the younger Tombstone-age intrusions.
The property is characterized by isoclinal folding and east-west trending faults that act as local conduits for precious
and base metal mineralizing fluids. A massive hornfels aureole extends up to 1 km from the Antimony Mountain
Stock margins, where sedimentary rocks are intensely silicified and include finely disseminated pyrrhotite and pyrite,
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creating prominent iron oxide (limonite, goethite) stained rusty ridges. Skarn/calc -silicate replacement alteration
(diopside-epidote-actinolite) is locally developed where the intrusion contacts limey sediments.
Figure 2: Regional Geological Map for Aurora Project, Yukon Territory, Canada.
See Table 1 for additional information on resource-stage projects and supporting NI43-101 report references.
Mineralization
The Aurora Gold Project is located 10 km west of Prospector Metals Corp’s ML Project, in the heart of the Tombstone
Gold Belt, a region renowned for large -scale Intrusion Related Gold Systems. Much like the ML Project, Aurora
overlies and is adjacent to a Tombstone-age intrusion that remains significantly underexplored despite high-grade
historical drilling intersections. Both properties demonstrate precious and base metal mineralization with potential
for bulk-tonnage porphyry Au -Cu, high -grade Au sheeted veins , and skarn replacement mineralization. The
exploration success at the ML Project, characterized by its high -grade copper -gold intersections, provides a
compelling geological analogue for the untapped potential at T2 Metals’ Aurora Project.
Six significant gold-bearing prospects have been identified at Aurora by past explorers over a 10 km trend utilizing
soil and rock chip sampling (see Figure 3). High-grade quartz-arsenopyrite-tourmaline veins are commonly mapped
in fault controlled east-trending orientations. The AJ Vein is the most significant vein mapped to date, traced for
over 700 m, with historical intercepts of 28.5 g/t Au over 2.74 m. Other known veins include the JC, Rainbow, TK,
and TT showings. The Golden Wall prospect displays stratabound disseminated sulphide (arsenopyrite -pyrite-
pyrrhotite) in calcareous siltstones and quartzites with potential for bulk -tonnage porphyry -style mineralization
within the AMS and broad stockwork zones within the contact metamorphic halo.
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Figure 3: Local Geological Map for Aurora Project, Yukon Territory, Canada Including Know Gold Prospects.
Next Steps
T2 Metals is now integrating all historical geophysical and geochemical data to refine targets for a comprehensive
diamond drilling program. Focus will be placed on the Golden Wall prospect which remains untested, expanding
the known mineralization at the AJ Vein, and testing other undrilled gold-bearing prospects.
Option Terms
Subject to receipt of TSX Venture Exchange (“TSXV”) approval of the Option Agreement, T2 Metals will have the
option to acquire a 100% undivided interest in the Aurora mineral project, for a total consideration of $850,000 in
cash and 3,500,000 common shares of T2 Metals to be paid to the Optionor in incremental amounts over a seven-
year period, which may be accelerated at the discretion of T2 Metals. An initial cash payment of $75,000 and an
initial payment of 400,000 common shares in T2 Metals will be made following TSXV acceptance of the Transaction.
All shares issued under the Option Agreement will be subject to a four-month hold period from the date of issuance
in accordance with applicable securities laws.
In order to exercise the Option, T2 Metals is also required to incur exploration expenditures on the Aurora mineral
project totalling a minimum of $2,500,000 over eight years, including $100,000 by November 15, 2026. On
completion of an NI 43-101 compliant Feasibility Study, $1 per Indicated and Measured resource estimate ounces
of gold will be payable to the Optionor. Upon commencement of commercial production on the Aurora mineral
project, the Optionor will retain a 2 .5% net smelter return royalty on the property with 1% purchasable by T2
Metals for the cash payment of $2,000,000 to the Optionor.
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Furthermore, the Company will pay a 5% finder’s fee to an arm’s -length party in consideration for their efforts in
introducing the Company to the Aurora opportunity. The finders fee will be paid on the equivalent schedule as
payments to the Optionor and is in accordance with the policies of the TSX Venture Exchange.
The mineral claims are located principally within the traditional territory of the Trʼondëk Hwëchʼin First Nation ,
which has settled its land claim, and is a self-governing first nation.
About Shawn Ryan
Shawn Ryan is a well-known prospector and entrepreneur in the Yukon's mineral exploration industry and sits on
T2 Metals Advisory Board. He is recognized for his innovative and systematic approach to gold exploration, which
has been credited with sparking a "second Klondike gold rush." Mr. Ryan's career is marked by a methodical
approach to sampling , including development of a novel auger soil sampling technique, a method particularly
effective in the Yukon where thick soil layers often obscure bedrock.
Shawn Ryan’s work has led to several significant discoveries including the Golden Saddle and Arc deposits, which
became part of the multi-million ounce White Gold Project acquired by Kinross Gold; and the Coffee project, which
was sold to Goldcorp (now Newmont Corporation) for $520 million and is now being advanced to production by
Fuerte Metals Corp. His contributions to the industry have earned him nu merous awards, including the Bill Dennis
Award for prospecting from the Prospectors & Developers Association of Canada (PDAC). Shawn’s work is seen as
a major factor in modernizing exploration in the Yukon and drawing new attention to the territory's mineral
potential.
Project EFFECTIVE DATE Author Report For Tonnes (M) Au (g/t) Contained Gold Status
Brewery Creek 18/01/2022 Cook. C. et al., 2022. Sabre Gold Mines Corp 34.5 1.03 1.142 M oz Measured & Indicated
36.0 0.88 1.018 M oz Inferred
Report Title: Preliminary Economic Assessment. NI 43-101 Technical Report on the Brewery Creek Project Yukon Territory, Canada
Eagle (Dublin Gulch) 31/12/2022 Harvey, N., 2022 Victoria Gold Corp 233.2 0.57 4.303 M oz Measured & Indicated
36.2 0.62 0.724 M oz Inferred
Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada
Olive (Dublin Gulch) 31/12/2022 Harvey, N., 2022 Victoria Gold Corp 11.6 0.97 0.361 M oz Measured & Indicated
5.5 1.17 206,479 Inferred
Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada
Raven (Dublin Gulch) 15/09/2022 Jutras, M., 2022. Victoria Gold Corp 19.9 1.67 1.071 M oz Inferred
Report Title: Technical Report On The Raven Mineral Deposit, Mayo Mining District Yukon Territory, Canada
Blackjack (RC Gold) 21/01/2025 Simpson. R., 2025 Sitka Gold Corp 39.9 1.01 1.298 M oz Indicated
34.6 0.94 1.045 M oz Inferred
Report Title: Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory
Eiger (RC Gold) 19/01/2023 Simpson. R., 2025 Sitka Gold Corp 27.4 0.5 0.440 M oz Inferred
Report Title: Clear Creek Property, RC Gold Project. NI 43-101 Technical Report. Dawson Mining District, Yukon Territory
Airstrip (AurMac) 28/06/2025 Jutras, M., 2025 Banyan Gold Corp 27.7 0.69 0.614 M oz Indicated
10.1 0.75 0.244 M oz Inferred
Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada
Powerline (AurMac) 28/06/2025 Jutras, M., 2025 Banyan Gold Corp 84.8 0.61 1.663 M oz Indicated
270.4 0.60 5.216 M oz Inferred
Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada
Florin 6/04/2025 Simpson. R., 2021 St. James Gold Corp. 170.9 0.45 2.474 M oz Inferred
Report Title: Florin Gold Project. NI 43-101 Technical Report. Mayo and Dawson Mining Districts, Yukon Territory
Valley (Rouge) 15/05/2025 Burrell. H. et al., 2024 Snowline Gold Corp 75.8 1.66 4,047 M oz Indicated
81.0 1.25 3.256 M oz Inferred
Report Title: Rogue Project. NI 43-101 Technical Report and Mineral Resource Estimate. Yukon Territory, Canada
Table 1: Gold Deposits in the Tombstone Gold Belt with NI43-101 References
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About the Tombstone Gold Belt
The Tombstone Gold Belt , a component of the larger Tintina Gold Province , is a highly prospective metallogenic
province in the Yukon, with a range of well-known and emerging gold discoveries. The belt is characterized by a
suite of mid-Cretaceous, reduced, felsic intrusions known as the Tombstone Plutonic Suite. These intrusive bodies
and the surrounding host rocks have created conditions for the formation of numerous Intrusion-Related Gold
Systems (IRGS). Exploration efforts have identified multiple mineralized corridors with gold hosted in sheeted quartz
veins and disseminated mineralization within both the intrusive bodies and the hornfelsed country rocks.
Gold mineralization in the Tombstone Gold Belt is typically associated with a distinctive multi- element signature
that includes bismuth, tellurium, and tungsten, along with arsenic and antimony. Gold-bearing fluids exsolved from
cooling intrusions and preferentially deposited gold in brittle, structurally controlled environments. Both high-grade,
structurally-controlled vein systems and lower-grade, bulk-tonnage deposits are known. The region hosts numerous
significant deposits and is the site of recent dis coveries by companies such as Snowline Gold Corp. , Banyan Gold
Corp., Sitka Gold Corp. and Prospector Metals Corp.
Disclaimers
The qualified person (as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects)
for the Company's projects, Mr. Mark Saxon, the Company’s Chief Executive Officer, a Fellow of the Australasian
Institute of Mining and Metall urgy and a Member of the Australian Institute of Geoscientists, has reviewed and
approved the contents of this release.
Readers are cautioned that the discussion about adjacent or similar properties in this press release is not necessarily
indicative of the mineralization or potential of the Aurora property. The Company has no interest in or right to
acquire any interest in any such adjacent properties.
About T2 Metals Corp (TSX.V: TWO) (OTCQB: TWOSF) (WKN: A3DVMD)
T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through
exploration and discovery. T2 Metals is committed to engage with rights holders and stakeholders with the highest
level of respect, ensuring that our exploration activities contribute positively to the communities in which we
operate.
ON BEHALF OF THE BOARD,
“Mark Saxon”
Mark Saxon
President & CEO
For further information, please contact:
t2metals.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
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.
References:
Colpron, M. and Nelson, J.L., 2011. A Palaeozoic NW Passage and the Timanian, Caledonian and Uralian
connections of some exotic terranes in the North American Cordillera.
Stephens, J.R., Mair, J.L., Oliver, N.H., Hart, C.J. and Baker, T., 2004. Structural and mechanical controls on
intrusion-related deposits of the Tombstone Gold Belt, Yukon, Canada, with comparisons to other vein -hosted
ore-deposit types. Journal of structural geology, 26(6-7), pp.1025-1041.
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Cautionary Note Regarding Forward -Looking Statements
Certain information set out in this news release constitutes forward -looking information. Forward looking
statements are often, but not always, identified by the use of words such as "seek", "anticipate”, "plan", "continue”,
"estimate”, "expect", "may”, "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-
looking statements are based upon the opinions and expectations of management of the Company as at the
effective date of such statements and, in certain cases, informati on provided or disseminated by third parties.
Although the Company believes that the expectations reflected in forward -looking statements are based upon
reasonable assumptions, and that information obtained from third party sources is reliable, they can gi ve no
assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue
reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ
materially from those projected in the forward -looking statements. Such risks include uncertainties relating to
exploration activities. When relying on forward-looking statements to make decisions, investors and others should
carefully consider the foregoing factors and other uncertaint ies and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update any forward -looking statements, except
as may be required by applicable securities laws.