Walhalla Gold Provides Corporate and Exploration Update as District Discovery Strategy Advances
Walhalla Gold outlines the build-out of its Victoria-focused District Discovery Strategy, moving from data evaluation toward prioritized field programs and drill-ready targets.
Rhea-AI Summary
Walhalla Gold (WAUXF) reported corporate and exploration progress following its 2026 spinout and the July appointment of CEO Steven Jukes.
The company is advancing a District Discovery Strategy across approximately 1,230 km² in the Walhalla-Woods Point region of Victoria, targeting gold, antimony and broader critical minerals. Walhalla has engaged geological consultant RSC to review and integrate extensive historical drilling and geological data, including markers from the past-producing Cohen’s Reef mine, which extended to about 1,120 metres below surface. Insights from this work are being used to define and prioritize multiple target areas and to plan systematic field programs using airborne and ground geophysics, LiDAR, remote sensing and AI- and machine learning-driven targeting.
The fully permitted Pinnacles target is described as accessible and ready for immediate drilling.
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Vancouver, British Columbia--(Newsfile Corp. - September 18, 2026) - Walhalla Gold Corp. (CSE: WAU) (OTCQB: WAUXF) ("Walhalla Gold" or the "Company") is pleased to provide an update on the technical and corporate work undertaken since the Company's spinout and the appointment of Steven Jukes as Chief Executive Officer in July 2026.
Over the past several weeks, Walhalla has focused intensively on building the technical and operating foundation required to advance its District Discovery Strategy in Victoria, Australia. The Company has engaged RSC, a market leading geological consultant with critical Walhalla-Woods Point district knowledge, to support the review and integration of its extensive historical exploration dataset and provide technical input into target generation and prioritization.
The strategy is designed to systematically evaluate the Company's extensive land position for the potential to define multiple projects across multiple mineral systems, including gold, antimony and broader critical mineral potential, summarised below.
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Walhalla is also establishing an active presence in Victoria. CEO Steven Jukes has met with government representatives, visited the Company's project areas and engaged with industry stakeholders. The Company has also joined the Association of Mining and Exploration Companies ("AMEC"), strengthening its connectivity within Australia's exploration and mining industry.
Highlights
Strengthening Team Capabilities: Walhalla is expanding its technical, exploration and stakeholder capabilities to support execution of the District Discovery Strategy, with further corporate updates expected in the near term as these initiatives advance.
District Discovery Strategy: Controlling approximately 1,230 km² across the Walhalla-Woods Point region, including the past producing Walhalla-Woods Point district (1.68 Moz at 37.9g/t Au), our District Discovery Strategy has been built to systematically evaluate multiple projects and mineral systems across gold, antimony and broader critical mineral potential.
Compelling Historical Data: Our extensive dataset includes significant historical drilling and geological data which is being re-evaluated to identify potential extensions and repeat structures. Critically, this also includes key geological markers of the highly productive Cohen's Reef mine which extended to approximately 1,120 metres below surface.
Multiple Target Areas: The geological learnings from our historical data is being applied across the broader land position to identify the most prospective targets which we will prioritize for systematic field programs.
Field Program Definition: Airborne and ground geophysics, LiDAR, remote sensing and AI- and machine learning-driven target generation will be deployed to systematically identify and prioritize opportunities across Walhalla's extensive land position.
Steve Jukes, Chief Executive Officer and Director, commented: "The extensive work undertaken over the past several weeks, both in the data and on the ground in Victoria, has strengthened our conviction in the opportunity at Walhalla. As we finalise our District Discovery Strategy, we are focused on applying what we learn from known mineral systems across the broader land position to generate and prioritize new opportunities. We are now moving from evaluation to field work planning and execution, with clearer exploration priorities and a growing pipeline of project opportunities across the district."
Next Steps
Walhalla's near-term focus is on advancing its field programs and translating the ongoing technical work into ranked exploration targets and defined work programs across the broader land position.
As these initiatives advance, the Company expects to provide further updates on exploration priorities, field activities and the continued build-out of its technical and corporate capabilities.
About the Walhalla Gold Project
The Company owns the Walhalla Gold Project, located in the state of Victoria, which is a district-scale project consisting of 1,230 sqkm2 of concessions. Cohen's Reef is one of the largest and most productive gold-bearing quartz reefs ever discovered in Victoria and the Company's early exploration will target the identification of potential repeat structures nearby old developments. In addition to multiple areas with past historic production such as Cohen's Reef, the Walhalla Gold Project contains high-priority greenfield targets such as Pinnacles where extensive soil geochemistry has highlighted a 400m x 1,100m gold mineralized aplitic dyke which contains disseminated sulphides and outcrops at surface. The Pinnacles target is fully permitted, accessible, and ready for immediate drilling.
Qualified Persons Statement
The scientific and technical information contained in this news release has been reviewed and approved by Michael Moore, P. Geo., Director of Walhalla Gold Corp., a Qualified Person ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Moore is not independent of the Company within the meaning of NI 43-101. The QP has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information.
On behalf of the Company
Steve Jukes, Chief Executive Officer & Director
For further information on the Company, visit https://walhallagoldcorp.com or contact:
Steve Jukes, Chief Executive Officer & Director
Email: info@walhallagoldcorp.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performances. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulation. Accordingly, actual, and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements.
Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314956
FAQ
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What is Walhalla Gold’s District Discovery Strategy focused on?
The District Discovery Strategy is designed to systematically evaluate Walhalla Gold’s approximately 1,230 km² land position in the Walhalla-Woods Point region for multiple mineral systems, including gold, antimony and broader critical mineral potential, by integrating historical data and new geophysical and remote sensing programs to generate and prioritize exploration targets.
What role does RSC play in Walhalla Gold’s exploration work?
RSC, a geological consultant with experience in the Walhalla-Woods Point district, has been engaged to review and integrate Walhalla Gold’s extensive historical exploration dataset and to provide technical input into target generation and prioritization across the company’s land position.
What is notable about the Cohen’s Reef area within the Walhalla Gold Project?
Cohen’s Reef is described as one of the largest and most productive gold-bearing quartz reefs discovered in Victoria, with historical mining extending to approximately 1,120 metres below surface. Walhalla Gold’s early exploration plans include targeting potential repeat structures near old developments in this area.
What is the status of the Pinnacles target?
The Pinnacles target is a high-priority greenfield area where extensive soil geochemistry has outlined a 400 m x 1,100 m gold-mineralized aplitic dyke containing disseminated sulphides and outcropping at surface. It is fully permitted, accessible and described as ready for immediate drilling.
How is Walhalla Gold establishing its presence in Victoria, Australia?
CEO Steven Jukes has met with government representatives, visited project areas and engaged with industry stakeholders, and the company has joined the Association of Mining and Exploration Companies (AMEC) to strengthen its connections within Australia’s exploration and mining industry.