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Loyalist Exploration Completes Preliminary Review of the DeSantis Gold Property, Identifying Six New Drill Targets
Toronto, Ontario – TheNewswire – April 23, 2026 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce the completion
About this update from Loyalist Exploration Limited
[{"type":"text","content":"Toronto, Ontario – TheNewswire – April 23, 2026 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce the completion of a preliminary review of its DeSantis gold property (the “Property” or the “DeSantis Property”), located approximately 4.5 kilometres (“km”) southwest of Timmins, Ontario. Six priority targets have been identified, plus an additional target on the McEnaney claims to the east, highlighting the significant exploration potential of the Property. In addition, Loyalist has identified a series of historical progress reports from 1963–1964 that reference the New Hope Porcupine (DeSantis) property and include historical tonnage estimates and sample results for that property prepared in support of a then-contemplated restart. Readers are cautioned that these historical estimates are not current, have not been verified by the Qualified Person, and should not be relied upon; see the Cautionary Statement under “Historical Documents Support Additional Ore Potential at DeSantis” below.6 DeSantis Preliminary Review Highlights: Six priority targets identified in and around the historic DeSantis Mine workings 1963–1964 historical progress reports reference the New Hope Porcupine (DeSantis) property and include historical tonnage estimates (non-NI 43-101 compliant, not current, not verified and not to be relied upon — see Cautionary Statement below) Shallow up-dip extension of the Albitite Zone (Target 1) from surface to the 800-foot level with the potential to add resources to the property Possible parallel gold zone above the Albitite Zone (Target 4) includes a notable intersection of 25.0 g/t Au over 0.61 m Depth extension of the Albitite Zone (Targets 3a 3b) highlighted as high-priority exploration target West extension of the Hydrothermal Zone (Target 2) supported by historical drill intercepts Notable historical intercepts include 7.54 g/t Au over 1.52 m (Target 6) and 3.26 g/t Au over 1.25 m (McEnaney claims) Review based on 488 drill holes totalling 101,945.4 m and 21,158 gold assays Errol Farr, Loyalist’s President & Chief Executive Officer commented, “6 significant targets and mineralization left in the historic workings make DeSantis a compelling exploration property with significant untapped potential along the prime Destor-Po...