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Loyalist Exploration Engages P&E Mining Consultants for Mineral Resource Estimate and Preliminary Economic Assessment on the Tully Gold Project, Timmins, Ontario
Toronto, Ontario – TheNewswire - April 16, 2026 – Loyalist Exploration Limited (CSE: PNGC) (“Loyalist” or the “Company”) is pleased to announce that it has ente
About this update from Loyalist Exploration Limited
[{"type":"text","content":"Toronto, Ontario – TheNewswire - April 16, 2026 – Loyalist Exploration Limited (CSE: PNGC) (“Loyalist” or the “Company”) is pleased to announce that it has entered into a professional services agreement with P&E Mining Consultants Inc. (“P&E”) to advance the Tully Gold Project, located approximately 25 km northeast of Timmins in the prolific Timmins-Porcupine Gold Camp. Under the engagement, P&E will deliver a phased scope of work consisting of: Phase 1: Internal Mineral Resource Estimate Phase 2: NI 43-101 compliant external Mineral Resource Estimate Phase 3: Preliminary Economic Assessment (PEA) Technical Report Loyalist is now complete with its internal work in preparation of this engagement with the review of the exploration database, block model, creation of level plans and preliminary mine planning concepts. This work builds on the project’s historical gold mineral resource estimate* and supports Loyalist’s “Buy Timmins, Mine Timmins” strategy, which focuses on consolidating and advancing high-potential assets in the Timmins Mining District toward potential development and production. Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc., will lead the engagement as a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Errol Farr, President and CEO of Loyalist, commented: “We are excited to partner with P&E, a highly respected firm with extensive experience in Mineral Resource estimation and technical reporting in the Canadian and international mining sectors. This engagement represents a key milestone in advancing the Tully Gold Project. By completing an updated Mineral Resource Estimate and PEA, we aim to better define the economic potential of this high-grade gold asset and unlock value for our shareholders as we progress permitting and exploration activities in the Timmins camp.” The engagement is structured in phases, with Loyalist providing approval to proceed to each subsequent phase based on results and corporate priorities. About the Tully Gold Project Tully Gold Project comprises a 458-hectare mining lease located in a well-established mining district with excellent infrastructure. It hosts a historical mineral resource estimate (not treated as current by Loyalist) of 107,000 ounces of gold (capped), comprisin...