Vumba Geophysical Survey Completed and Maitengwe Survey Approximately 40% Complete as the Company Moves from Target Generation to Drilling
Maiden Diamond Drill Program of ~3,000 Meters to Begin in August 2026 with Mindea Exploration and Drilling Services (Pty) Ltd.
TORONTO, July 15, 2026 (GLOBE NEWSWIRE) -- One Bullion Ltd. ("One Bullion" or the "Company") (TSXV: OBUL), a gold exploration company holding complete ownership of three highly prospective exploration projects in Botswana, today announced an exploration update highlighting progress across its Botswana gold exploration portfolio.
The Company has achieved several key milestones, including the completion of geophysical surveying at Vumba, continued advancement of exploration at Maitengwe, and the full funding of its inaugural drill campaign, which is scheduled to commence August 2026.
"The completion of geophysics at Vumba, strong progress at Maitengwe, and the execution of our drilling contract mark key milestones as we transition from target generation into drilling," said Adam Berk, Chief Executive Officer of One Bullion. "Our technical team is integrating the newly acquired geophysical data with several years of exploration results to refine and prioritize the highest-quality drill targets. With funding secured and drilling scheduled to begin in August 2026, we are excited to commence this important phase and test the exploration potential of our Botswana portfolio."
Highlights
Completed the high-resolution geophysical survey at the Vumba Gold Project, an important milestone in advancing one of Botswana's underexplored greenstone belts
Geophysical survey at the Maitengwe Gold Project approximately 40% complete and progressing as planned
Executed a diamond drilling contract with Mindea Exploration and Drilling Services (Pty) Ltd. for the initial phase of drilling in Botswana, with mobilization expected by August 2026
Maiden program of approximately 3,000 meters of HQ diamond drilling scheduled to commence in August 2026
Entire ~3,000-meter drill program fully funded
Newly acquired geophysical data being integrated with the Company's extensive historical geological, geochemical and structural datasets to refine and prioritize drill targets
Geophysical Surveys at Vumba and Maitengwe
The Company has successfully completed its high-resolution geophysical survey at the Vumba Gold Project, marking an important milestone in advancing one of Botswana's underexplored greenstone belts. Geophysical surveys of this nature help to map stratigraphy and structures, delineating potential mineralized targets that are either not evident at surface, or where surface expression is too obscured by cover to identify trends. This enables more accurate drill targeting and improving the probability of exploration success.