Golden Pursuit Stock Price, News & Analysis

Golden Pursuit Resources (TSXV: GDP) has completed its 2025 exploration program at the Gordon Lake gold mining district in Canada's Northwest Territories, encompassing the Myrt Lake, Murray Lake, and DAF properties. The company received a $59,328 grant under the Mining Incentive Program for the project.

The exploration program included detailed litho-structural mapping and rock sampling across all three properties, with assay results expected by end of September. The project has secured exploration permits through 2030 and will benefit from a planned all-weather road connecting Gordon Lake to Tibbit Lake, which will significantly reduce exploration costs.

Historical mining at the properties has yielded significant results, including 221 oz of gold from DAF Vein in 1948, and historic grades up to 9.876 oz over 3 feet from 1981-1982 drilling. The Myrt Lake property historically processed 2,152 tons of gold ore yielding 732 oz at a grade of 0.36 oz/t with 86% recovery rate.

Golden Pursuit Resources announced a non-brokered private placement to raise up to $1 million through two unit offerings. The company will issue 2.5 million non-flow-through units at $0.20 per unit ($500,000) and 2.0 million flow-through units at $0.25 per unit ($500,000). Each non-flow-through unit includes one common share and half a warrant exercisable at $0.25 for two years, while flow-through units include one flow-through share and half a warrant exercisable at $0.30 for two years. The proceeds will fund exploration at the company's Gordon Lake mineral properties in NWT and general corporate purposes. The offering is subject to TSX-V approval and includes a four-month hold period.

Golden Pursuit Resources (TSXV: GDP) has announced its 2025 exploration program at the Gordon Lake gold mining district in Northwest Territories, Canada. The program focuses on three properties: Myrt Lake, Murray Lake, and DAF. The exploration plan includes detailed litho-structural mapping, rock and till sampling, and a property-scale photogrammetry and magnetics drone survey. The program aims to increase understanding of near-surface high-grade mineralization and identify new exploration targets. The company has exploration permits approved through 2030, including First Nations approvals. A planned all-weather road connecting Gordon Lake to Tibbit Lake will significantly reduce exploration costs. The project area has an extensive exploration history dating back to the 1930s, with historical gold production and high-grade findings. Sample analysis results are expected by October 2025.

Golden Pursuit Resources has announced its 2025 exploration program at the Gordon Lake gold mining district in Northwest Territories, focusing on three properties: Myrt Lake, Murray Lake, and DAF. The program includes detailed litho-structural mapping, rock and till sampling, and a property-scale photogrammetry and magnetics drone survey covering approximately 10 km2. The drone survey will be conducted at 40 meters height with 50-meter line spacing, providing high-resolution imagery for 3D geological modeling. Rock samples will be analyzed at ALS laboratory in Yellowknife, with results expected by October 2025. The project area has a rich exploration history dating back to the 1930s, with previous operations yielding significant gold findings, including historic production of up to 2.77 oz/ton at the DAF property and samples up to 310.9 g/t over 0.91m at Murray Lake.

Golden Pursuit Resources has announced the approval of a grant under the Mining Incentive Program (MIP) for its Gordon Lake project. The grant will cover 50% of eligible expenses up to $80,788.50 for the 2024-25 period. This funding will support geophysical services and geological mapping in preparation for drilling. The company also plans the construction of an all-season road to connect Gordon Lake to Yellowknife, which will facilitate exploration and development. Additionally, Golden Pursuit has retained Renmark Financial Communications for investor relations at a cost of up to $9,000 CAD per month from June 1, 2024, to December 31, 2024, with a renewable option. These developments are subject to TSX Venture Exchange approval.

Golden Pursuit Resources Ltd. (TSX-V:GDP) has received permit approvals from the Mackenzie Valley Land and Water Board for its South Gordon Lake Project (SGLP), enabling exploration for up to 7 years. The SGLP, located 90 kilometers from Yellowknife, holds significant historical gold occurrences, including five past producers. The company retains full ownership with no royalty obligations. CEO Brian McClay emphasized the milestone as a result of collaboration with Indigenous Peoples and regulators, paving the way for upcoming exploration.