Ongold Resources Stock Price, News & Analysis

ONGold Resources (OTCQB: ONGRF) has initiated an infill sampling program at its Monument Bay deposit to recover missing tungsten and gold assays, aiming to enhance resource modeling. The program targets over 13,400 pulps for tungsten analysis within the modeled gold domain.

Historical data shows significant gold-tungsten intercepts across six shoots, with notable grades including 17.4m @ 2.05 g/t Au and 0.51% WO3 in the Camp Shoot and 3.0m @ 15.68 g/t Au and 1.22% WO3 in the River Shoot. The project's tungsten grades frequently exceed those of both historical producers and current exploration projects across North America.

A 2015 historical estimate reported pit-constrained "Indicated" resources of 1,689,000t grading 2.58g/t Au and 0.17% WO3, containing 140,000 oz Au and 286,000 mtu WO3. With tungsten currently priced at US$42,313 per metric tonne for WO3, the project represents a significant opportunity in the critical minerals sector.

ONGold Resources (OTCQB: ONGRF) has reported promising exploration results from its October Gold project in Ontario's Swayze Greenstone Belt, where Evolution Mining conducted extensive sampling work. The exploration program revealed three new target areas - Stetson, Lariat, and Sinnet - with notable gold showings at Stetson including samples of 1.71 g/t Au and 0.907 g/t Au.

The discoveries are located within a 10 km long corridor of albite alteration associated with the Ridout Deformation Zone (RDZ), a region that hosts the former Jerome Gold mine and IAMGOLD's Côté Lake gold mine. Evolution Mining plans to conduct further exploration, including detailed infill till sampling and geological mapping, with diamond core drilling expected in Q1 2026.

ONGold Resources (OTCQB: ONGRF) has launched its summer exploration program at the Monument Bay Gold and Tungsten Project in northeastern Manitoba. The project, acquired from Agnico Eagle in December 2024, contains historical resources of 2.3 million gold ounces in Measured and Indicated categories and 720,000 gold ounces in the Inferred category.

The comprehensive exploration program includes a 30-line kilometer ground IP survey targeting gold-tungsten bearing shoots, with modern surveys reaching depths of 300m compared to historical 45m depths. The program also encompasses regional geological evaluation and a fixed-wing Lidar/Orthophotography survey to enhance structural understanding and exploration targeting.

The project, spanning a 40 km strike length, has seen over 233,000 meters of drilling across more than 800 diamond core holes, while maintaining substantial exploration potential. Operations will be conducted from an existing 40-person field base camp in coordination with Red Sucker Lake First Nation.

ONGold Resources Ltd. (ONGRF) has announced the filing of a NI 43-101 compliant technical report for its Monument Bay Gold Project in Manitoba. The report, dated May 30, 2025, with an effective date of March 3, 2025, contains historical mineral resource estimates and was prepared by Rodney Barber, P.Geo. The technical report, titled "Technical Report on the Monument Bay Project, Manitoba, NTS: 53K07," was filed on SEDAR+ and follows CIM best practices guidelines for mineral resource and reserve estimation. The report is now available for review under the Company's profile on www.sedarplus.ca.

ONGold Resources has appointed Paul Dunbar as Vice-President of Exploration, bringing nearly 40 years of geological expertise. The company is reactivating exploration at the Monument Bay Gold Project in Manitoba, which historically contained 2.3 million gold ounces in Measured and Indicated resources, plus 720,000 gold ounces in Inferred resources.

The exploration program includes expanding geological understanding, conducting field exploration, undertaking induced polarization surveys, and performing structural studies. Five new target areas have been identified, with three designated as "highest priority" for potential gold resource expansion: Ankerite/Gold Pond area, AZ Zone/Central Zone area, and Monument Bay deposit west extension.

Additionally, Wally Dzick, an experienced resource geologist, has been engaged to re-examine the existing gold resource and expansion opportunities. The project's historical resources were calculated using US$1,200 gold price assumptions and require updating to current standards.

ONGold Resources (TSXV: ONAU, OTCQB: ONGRF) celebrates Chairman John Kim Bell's remarkable legacy on March 13, 2025, marking the 40th anniversary of his founding of the Canadian Native Arts Foundation (CNAF).

As the world's first Indigenous symphonic conductor, Bell transformed CNAF into the National Aboriginal Achievement Foundation (NAAF), now known as Indspire. His notable achievements include producing a groundbreaking Toronto Symphony concert in 1987 and creating the $1 million Indigenous ballet 'In The Land of Spirits' in 1988, which received widespread acclaim.

Under Bell's 20-year leadership, the foundation provided thousands of Indigenous youth with university scholarships, built a $17 million endowment fund, and secured over 200 annual corporate sponsors. He later established the National Aboriginal Achievement Awards, reaching 2 million CBC viewers, and organized the landmark 'Taking Pulse' conference with 63 corporate CEOs.

Bell, appointed as ONGold's Chairman in May 2024, became the first Indigenous Canadian to chair a Canadian resource company, bringing his extensive experience in Indigenous relations and corporate negotiations to the mineral exploration firm.

ONGold Resources (OTCQB: ONGRF) has identified five new high-priority gold exploration targets at its Monument Bay Gold project in northeastern Manitoba. The project, recently acquired from Agnico Eagle, spans 31,250 ha across 136 mining claims.

The company has prioritized three key areas for potential gold resource expansion: (1) Ankerite/Gold Pond area, (2) AZ Zone/Central Zone area, and (3) Monument Bay Deposit West Extension. A historical resource estimate from 2017 indicated 2.3 million gold ounces in Measured and Indicated categories (58.0 million tonnes at 1.24 g/t) and 720,000 gold ounces in Inferred category (24.4 million tonnes at 0.92 g/t).

The company has also identified 18 conductive targets for gold mineralization and 8 strong conductor targets for summer investigation. ONGold plans to utilize a fully serviced 40-person field base camp for future exploration programs.

ONGold Resources (TSXV: ONAU) (OTCQB: ONGRF) has received formal invitation from Red Sucker Lake First Nation (RSLFN) to resume exploration activities at the Monument Bay gold project in Northeastern Manitoba. The project, acquired from Agnico Eagle Mines in December 2024, is located within RSLFN's traditional territories.

Following extensive discussions, a framework agreement has been established for exploration resumption, aligned with RSLFN's Community Consultation Protocol. Recent geological compilation suggests significant potential for expanding the historic gold resource.

ONGold Resources (TSXV: ONAU) (OTCQB: ONGRF) has completed the acquisition of the Monument Bay Gold Project and Domain Project in Manitoba from Agnico Eagle Mines and Capella Minerals. The initial consideration includes $250,000 in cash and 8.7 million ONGold common shares valued at approximately $4.2 million, making Agnico Eagle a 15% shareholder.

Monument Bay represents a district-scale exploration opportunity with significant gold and tungsten mineralization over a 40 km strike length. The project has seen over 232,000 metres of drilling in more than 800 diamond core holes. The most recent historical resource estimate (2017) identified 2.3 million Au oz in Measured & Indicated categories and 720,000 Au oz in Inferred category, though these estimates are no longer current under NI 43-101.

The acquisition strengthens ONGold's portfolio and provides a camp to explore nearby Rapson Bay Properties, complementing the company's exploration footprint in Northern Ontario.