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Canadian Goldfields Closes Acquisition of Miminiska Gold Property in Ontario
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2026) - Canadian Goldfields Discovery...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"Canadian Goldfields Closes Acquisition of Miminiska Gold Property in OntarioVancouver, British Columbia--(Newsfile Corp. - February 13, 2026) - Canadian Goldfields Discovery Corp. (TSXV: CGM) (the \"Company\") is pleased to announce that it has closed its acquisition of the Miminiska Gold Property pursuant to the terms of a mineral property purchase agreement dated November 28, 2025, as amended December 29, 2025, (the \"Purchase Agreement\") with Storm Exploration Inc., a company listed on the TSX Venture Exchange, (\"Storm\"). As a result of closing of the acquisition, the Company's common shares will be resume under the symbol \"CGM\" on the TSX Venture Exchange on Thursday February 19, 2026.Highlights of the Miminiska Gold Property:While 85% of identified strike length is largely untested by drilling, multiple high grade gold drill intersections have been reported.Notable historic drill intercepts include 20.84m at 5.75 g/t Au, 3.96m at 13.45 g/t Au and 11.18m at 4.49 g/t Au (true widths are unknown).*Gold mineralization primarily hosted within Algoma-type Banded Iron Formations (BIF) Recent ground geophysical surveys identified several targets within the Miminiska prospect that have not yet been drill tested and that are similar in response to the known zones of high-grade gold mineralization.Potentially analogous deposit type is Orla Mining Ltd.'s Musselwhite Mine located approximately 150 km north-east of the Miminiska Property.About the Miminiska Gold PropertyThe Miminiska Gold Property is located approximately 350 kilometres (km) north of the city of Thunder Bay, 115 km east of the town of Pickle Lake, and approximately 40 km west of Fort Hope, Ontario. The property comprises 278 unpatented mining claims, 43 mining patents and 1 mining licence of occupation (\"MLO\"), covering a total area of 6,366.4 hectares (ha), distributed over three contiguous blocks named Miminiska Lake, Wottam Lake, and Frond Lake. The Property is located within Eabametoong First Nation (\"EFN\") territory. Geology and Mineralization:The Property lies within the Miminiska - Fort Hope greenstone belt, approximately 150 km southeast of Orla Mining Ltd.'s Musselwhite Gold Mine. The Property is within the Uchi Subprovince, an east-trending, predominantly metavolcanic-metasedimentary belt in the Superior Province of the Canadian Shield. The Uchi Subpro...