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ONGold Returns 14.59 g/t Au over 9.6 m (core length) From Re-logging Program at Monument Bay Gold-Tungsten Project and Awards Contract to Prepare Updated NI 43-101 Mineral Resource Estimate
Toronto, Ontario--(Newsfile Corp. - January 26, 2026) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) (the "Company" or "ONGold") is pleased to announce that SRK Consulting (Canada) Inc. has been awarded the contract to prepare an updated mineral resource estimate for gold and tungsten in accordance with National Instrument 43-101 - Standards Of Disclosure In Mineral Projects ("NI 43-101") on the Monument Bay project located in northeastern Manitoba (Figure 1). The Monument Bay gold and...
About this update from Ongold Resources Ltd
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - January 26, 2026) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) (the "Company" or "ONGold") is pleased to announce that SRK Consulting (Canada) Inc. has been awarded the contract to prepare an updated mineral resource estimate for gold and tungsten in accordance with National Instrument 43-101 - Standards Of Disclosure In Mineral Projects ("NI 43-101") on the Monument Bay project located in northeastern Manitoba (Figure 1). The Monument Bay gold and tungsten project represents a district-scale exploration opportunity with significant gold and tungsten mineralization over a 4.2 km strike length along the Twin Lakes Shear Zone ("TLSZ"). Monument Bay is an advanced stage exploration asset with over 233,000 meters drilled in more than 800 diamond core holes, while still having substantial exploration upside both within the known deposits and along underexplored satellite zones.","length":973,"tagName":"p"},{"type":"text","content":"The main deposit has been historically drill tested by 615 holes totalling 172,147 meters over a strike length of 4.2 kilometers. Additionally, the deposit remains open at depth and is largely untested by drilling below a vertical depth of 300 meters from surface, presenting significant potential for resource expansion through deeper exploration and future drill testing.","length":373,"tagName":"p"},{"type":"text","content":"The Company's most recent technical report dated May 30, 2025 titled "Technical Report on the Monument Bay Project Manitoba," which was filed on the Company's SEDAR+ profile on June 13, 2025 (the "Technical Report") references historical estimates of 2.3 million gold ounces (58.0 million tonnes at an average grade of 1.24 g/t) in the "Measured" and "Indicated" Mineral Resources categories, and 720,000 gold ounces (24.4 million tonnes at an average grade of 0.92 g/t) in the "Inferred" Mineral Resources category at a gold price of US$1,200. Please see the "Historical Resource Estimate Review" section of this news release below for further information.","length":725,"tagName":"p"},{"type":"text","content":"Progress Highlights:","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"SRK awarded contract to ...