Welcome to our dedicated page for Ongold Resources news (Ticker: ONGRF), a resource for investors and traders seeking the latest updates and insights on Ongold Resources stock.
ONGold Resources Ltd. (OTCQB: ONGRF; TSXV: ONAU) is a mineral exploration company focused on gold and tungsten projects in Northern Ontario and Northern Manitoba. The ONGold news feed highlights the company’s ongoing exploration activities, technical updates and corporate developments across its portfolio, which includes the Monument Bay Gold and Tungsten Project, the TPK Project, the Domain Gold Project and the October Gold Project.
News releases from ONGold describe work programs at Monument Bay, such as summer exploration campaigns, ground induced polarization surveys, LiDAR and orthophotography surveys, and an infill sampling program aimed at recovering missing tungsten and gold assays from historical core and pulps. The company also reports on technical findings from its NI 43-101 technical report for Monument Bay, including historical mineral resource estimates that are treated as conceptual and not current.
At the TPK Project in Northern Ontario, ONGold’s news covers agreements with Indigenous communities, the initiation and results of diamond drilling at the Gold Ridge area, and the staking of additional claims to expand the property. Releases detail drill intercepts, geological interpretations of a pervasive gold-bearing system, and the geological setting along greenstone belts and the Stull-Wunnumin Fault Zone, while noting that no mineral resource has been defined.
For the October Gold Project, news items describe collaboration with a third-party mining company under an option agreement, results from rock and till sampling, and geophysical surveys that outline target areas within the Swayze Greenstone Belt and along the Ridout Deformation Zone. Corporate news also includes management appointments, incentive plan grants of stock options and restricted share units, and board changes. Investors and observers can use the ONGRF news page to follow exploration milestones, technical disclosures and corporate actions that shape the company’s exploration-stage profile.
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.
ONGold Resources has entered agreements to acquire 100% interests in the Monument Bay Gold Project and Domain Project in Manitoba, Canada from Agnico Eagle Mines and Capella Minerals. The initial consideration includes $250,000 in cash and 8.7 million ONGold shares valued at approximately $4.2 million, giving Agnico Eagle a 15% stake in ONGold. Additional contingent milestone-based payments total $22 million.
Monument Bay is an advanced exploration asset with over 232,000 metres drilled in more than 800 diamond core holes. The project's most recent historical resource estimate (2017) identified 2.3 million Au oz at 1.24 g/t in Measured & Indicated categories and 720,000 Au oz at 0.92 g/t in Inferred category. The closing is expected in December 2024.
ONGold Resources announces its common shares are now trading on the OTCQB Venture Marketplace under the symbol 'ONGRF', while maintaining its TSXV listing under 'ONAU'. The company has also received Depository Trust Company (DTC) eligibility, making its stock more accessible to US investors. DTC eligibility enables electronic clearing and settlement of securities in the United States, accelerating the settlement process. The OTCQB listing requires companies to meet quality standards including current financial reporting, minimum bid price, and annual verification processes.