Business
ONgold Reports Higher-Grade Gold Composite Assays at Monument Bay, Including 4.12 g/t Au over 26.75m Including 43.50 g/t Au over 0.49m, with Higher Gold Grades Observed in the Eastern Deposit Area
Toronto, Ontario--(Newsfile Corp. - May 4, 2026) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB...
About this update from Ongold Resources Ltd
[{"type":"text","content":"ONgold Reports Higher-Grade Gold Composite Assays at Monument Bay, Including 4.12 g/t Au over 26.75m Including 43.50 g/t Au over 0.49m, with Higher Gold Grades Observed in the Eastern Deposit AreaToronto, Ontario--(Newsfile Corp. - May 4, 2026) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) (the \"Company\" or \"ONGold\") is pleased to provide selected new gold and tungsten composite assay results from the conclusion of the historical core re-logging, infill sampling and pulp re-analyses program at its Monument Bay Gold-Tungsten Project (\"Monument Bay\"). The principal objectives of the core relogging and associated assay program were three-fold:Deliver a high-confidence verification of gold and tungsten grades across the deposit;Obtain missing gold and tungsten data by assaying previously untested historical core and pulps thereby closing critical gaps in the geochemical dataset; and Develop a geologically defensible lithological and resource-domain model suitable for supporting the updated gold mineral resource estimate currently in preparation.The successful execution of this program has achieved these objectives, positioning Monument Bay exceptionally well as it advances toward publication of its new mineral resource estimate this fall, while simultaneously strengthening the technical foundation required to support and enhance the quality of the NI 43-101- Standards of Disclosure for Mineral Projects (\"NI 43-101\") compliant resource estimate currently being completed by SRK Canada and to define future resource expansion and conversion drilling opportunities.The composite intervals reported to date in this, and subsequent Press Releases, include the addition of 1,792 new gold assays (1,307 historical pulps and 485 split cores) and 13,903 tungsten assays (12,418 historical pulps and 1,485 split cores) with the newest results presented in Tables 1a to 1d (Figure 1). The 89 drill holes selectively re-logged on 22 drill sections across the 4.2 km strike length of the deposit were sampled as part of the program were selected on the basis that gold and tungsten values were unavailable or sections of a drill hole were not previously sampled or only partially sampled. A majority of all the historical pulps collected from previous operators at Monument Bay were placed in storage by Yamana Gold at the Kam River storag...