Business
Loyalist Exploration Announces Engagement of Blue Heron for Permit Planning
Toronto, Ontario – October 20, 2025 – TheNewswire – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce that is has eng
About this update from Loyalist Exploration Limited
[{"type":"text","content":"Toronto, Ontario – October 20, 2025 – TheNewswire – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce that is has engaged Blue Heron Solutions for Environmental Management Inc. (“Blue Heron”) to assist the Company in the development of project plans and schedules associated with the environmental baseline and mining permitting process for the Company’s Tully Gold Project (“Tully” or the “Project”), located in the prolific Timmins mining district. On October 3, 2025, the Company acquired a 100% interest in Tully (see news release dated October 3, 2025, for details). Tully is the subject of a historical non-43-101 compliant Mineral Resource Estimate (“MRE”), dated December 15, 2013, by Francis Minerals Ltd (the “Report”). Now that the Company has acquired Tully, it has commenced exploring the potential of obtaining a mining permit to go underground to exploit the potential resources of gold and continue exploration along strike and at depth around the deposit. Blue Heron is assisting the Company with determining the fundamental requirements and timeline to obtain the permit and may participate in that process. The Company will also be engaging a mining consulting company to assist in producing a current 43-101 compliant MRE and a Preliminary Economic Assessment. Errol Farr, Chief Executive Officer states “We are very pleased to commence the initial work on determining the environmental and permitting timelines to a production decision on Tully with Blue Heron. With gold prices at all time highs, now is the time to take advantage of the potential resources at Tully and execute on the Company’s Buy Timmins strategy”. Tully Property Highlights: 458 hectare mining lease 25 km northeast of Timmins Historical resource estimate of: indicated 358,000 tonnes grading 6.56 g/t gold for 76,000 ounces inferred 184,000 tonnes 5.17 g/t gold for 31,000 ounces total 107,000 ounces (uncapped 144,000 ounces) (see table 1) potential for expansion The Tully Project Historical Mineral Resource Estimate December 15, 2013 by Francis Minerals Ltd Tully Deposit * Model Classification Tonnes (*1000) Grade (Au g/t) Grams Au (*1000) Ounces Au Capped Indicated 358 6.56 2,350 76,000 Capped Inferred 184 5.17 1,000 31,000 U...