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Argyle Resources Completes Initial Option Payments and Advances 2026 Exploration Planning at McKay Hill Silver-Gold Property, Yukon
Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to
About this update from Argyle Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) (\"Argyle\" or the \"Company\") is pleased to announce that, following receipt of approval from the Canadian Securities Exchange (the \"CSE\"), it has completed the initial cash and share payments to Metallic Minerals Corp. (TSXV: MMG) (OTCQB: MMNGF) (FSE: 9MM1) (\"Metallic\") pursuant to the previously announced option agreement dated April 14, 2026 in respect of the McKay Hill property (the \"Property\"), located approximately 50 kilometres north of the Keno Hill silver district in Yukon, Canada. The initial payments mark the first step in the Company's planned earn-in process to acquire a 100% interest in the Property. This is subject to the terms of the option agreement and approval from the Canadian Securities Exchange (the \"CSE\"). Jeff Stevens, Chief Executive Officer of the Company, states: \"Completing the initial payment obligations marks an important step in advancing Argyle's Yukon silver-gold strategy. McKay Hill gives us exposure to a highly prospective, underexplored mineralized system located approximately 50 kilometers north of the world-class Keno Hill Silver District, in a broader central Yukon precious-metals region recognized for exceptional silver and gold endowment. Our team is actively designing a comprehensive 2026 exploration program, and we look forward to updating investors as those plans progress.\" Figure 1: Map of Land Positions in the Yukon Mining Industry The Company's management team, working in collaboration with the Board of Directors and technical advisors, is currently designing the 2026 exploration program. The program will build on prior exploration data compiled for the Property and will focus on identifying and advancing high-priority silver-gold(‐copper‐lead‐zinc) mineralisation targets. Details on exploration scope, timelines and budget will be announced in due course. Scientific and Technical Information The scientific and technical information contained in this news release has been reviewed and approved by George Yordanov, P.Geo., a Director of the Company and a \"Qualified Person\" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"). Mr. Yordanov is not independent of the Company within the meaning of NI 43-101. For...