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Loyalist Exploration Announces the Closing of the Acquisition of the DeSantis Property
Toronto, Ontario – TheNewswire – February 26, 2026 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce that it has cl
About this update from Loyalist Exploration Limited
[{"type":"text","content":"Toronto, Ontario – TheNewswire – February 26, 2026 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce that it has closed the acquisition (the “Acquisition”) of the DeSantis gold property (the “Property” or the “DeSantis Property”), located approximately 4.5 kilometres (“km”) southwest of Timmins, Ontario. The property is situated, 11 km west of Discovery Silver's Dome Mine, and 14 km east of Pan American Silver’s Timmins Mine and is contiguous with Galeon Gold’s West Cache gold project, containing a resource of approximately 1.5 million ounces of gold.6 The DeSantis Property covers nearly 5 km of strike length along the north side of the Destor-Porcupine Deformation Zone (DPDZ), a major structure controlling gold deposits in the region (Figure 1). Between 1926 and 1943, the DeSantis Mine produced 196,928 tons of material with an average mill head grade of 0.19 ounces per ton gold1. The production rate was at 160 tons per day and the gold recovery was better than 90%1. The total production during this period was reportedly 35,784 oz. of gold, 3,142 oz. of silver and 193 lb. of scheelite.1 DeSantis Property Highlights: 850 hectares located along the north side of the highly prospective Destor-Porcupine Deformation Zone Historical production of 35,784 ounces of gold from 196,928 tons of material which graded 0.19 ounces per ton Au Historical non-NI 43-101 compliant resource estimate totalling 182,505 tonnes at 8.64 g/t Au between the Albitite and Hydrothermal zones2,3,4,5 Historical non-NI 43-101 compliant resource estimate totalling 735,500 tonnes of which 600,000 tonnes at 6.25 g/t and 135,500 tonnes tonnes of unspecified grade 4.5 km southwest of Timmins, Ontario with significant exploration upside Errol Farr, Loyalist’s President & Chief Executive Officer commented, “Loyalist continues to “Buy Timmins” with the acquisition of the DeSantis Property. The DeSantis Property contains historic mine workings from the 1930’s, a historic resource of approximately 50,000 oz of gold, patented and leased land and significant exploration potential. We could not ask for a better “Park Avenue” address along the Porcupine Destor fault, close to Timmins”. Desantis Project Overview The Property is located approximately 4.5 km southwest of Timmins, Ontario and is situa...