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Nation Gold Completes 100% Acquisition of the Bonito Gold-Silver Project in New Mexico and Concurrent Non-Brokered Private Placement
Project Highlights Acquisition of a 100% interest in the Bonito Gold-Silver Project in New Mexico Previous operators (Pioneer Metals and Placer Dome) have inves
About this update from Nation Gold Corp.
[{"type":"text","content":" Project Highlights Acquisition of a 100% interest in the Bonito Gold-Silver Project in New Mexico Previous operators (Pioneer Metals and Placer Dome) have invested approximately US$10 million in exploration work, including 3,000 metres across 75 drill holes of historical shallow drilling (1985-1989)(1) Potential near-surface gold-silver system with no modern drilling since 1990. Gold-silver breccia pipes sitting above a potential copper-molybdenum porphyry system remains completely untested at depth below 120 metres New Mexico: Mining-friendly state, a leading jurisdiction in the United States with proven endowment of precious and base metal deposits and operating mines, and a long history of mineral exploration and development Nearby infrastructure with paved and forest service road access from the town of Ruidoso As of a March 2025 Executive Order, gold and silver are now considered strategic minerals by the federal government of the United States Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Nation Gold Corp. (CSE: NATN) (OTCQB: NATNF) (the \"Company\" or \"Nation\") is pleased to announce that, further to its news release dated February 4, 2026, the Company has completed the acquisition of a 100% interest in the Bonito gold-silver project (the \"Bonito Project\") in the Nogal-Bonito Mining District of New Mexico, USA through its wholly-owned subsidiary Nation Gold US Corp. (\"Nation Gold US\") pursuant to the terms of the mineral property purchase and sale agreement dated February 3, 2026 (the \"Purchase Agreement\") with Cannon Bridge Capital Corp. (\"Cannon Bridge\"), Stream Metals LLC, Nation Gold US and an arm's length individual. Mr. Mark Bailey, CEO & Director of the Company, stated, \"The 100% acquisition of the Bonito Project marks an important milestone for Nation Gold, as we establish our presence with a flagship U.S. asset in the historically productive Nogal-Bonito Mining District of New Mexico. The Bonito Project may potentially host a gold-silver system with significant untested upside, historic underground production and prior exploration by Pioneer Metals and Placer Dome, yet remains largely underexplored at depth and without ever seeing modern drilling or exploration techniques. Nation has the objective of completing its first modern drill program following receipt of the necessary pe...