The eastern boundary of the West Madsen Property is located five kilometres from the headframe of West Red Lake Gold Mines' Madsen Mine, Canada's newest high-grade gold producer
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Gold Finder Resources Ltd. (TSXV: GLD) (OTCQB: GLDFF) ("Gold Finder" or the "Company") is pleased to announce that summer fieldwork is underway at its 100%-owned West Madsen Gold Property (the "Property"), which is contiguous with the Madsen Mine property owned by West Red Lake Gold Mines (WRLG).
WRLG recently announced a 4,000-metre drill program at the past-producing Starratt-Olsen Mine (see WRLG news release dated June 16, 2026), located 2.7 kilometres (km) northeast of the Property's eastern claim boundary (see Figure 1). Like the Madsen Mine, Starratt-Olsen straddles the regional Balmer-Confederation unconformity (Dubé et al. 2000), which is interpreted to extend through the West Madsen Block A claim group (see Figure 2).
Figure 1: Drone view looking NE toward WRLG's Madsen Gold Mine/Mill Complex.
To view an enhanced version of this graphic, please visit:
https://goldfinderresources.com/images/westmadsen/WM-BLK-A_WRLG.jpg
Gold Finder's summer 2026 program will continue exploration at the western and eastern extremes of the Block A claim group where favourable structures, particularly the Balmer-Confederation unconformity, are interpreted to pass through and where gold anomalies were identified in rock and soil samples last year (see Gold Finder news releases dated September 9, 2025 and February 11, 2026).
During the fall 2025 program, Balmer ultramafic rocks were identified farther south than previously thought to occur, in the eastern part of Block A near gold-in-soil anomalies identified in the summer 2025 program (see Figure 2 below and the February 11, 2026 news release linked above).
Figure 2: West Madsen 2025 soil sampling and prospecting results.
To view an enhanced version of this graphic, please visit:
https://goldfinderresources.com/images/westmadsen/WM-Blk-A-2025-Field-Results.jpg
Summer fieldwork will focus on geological mapping and prospecting to better define the position of the Balmer-Confederation contact zone. The work will also evaluate lithologies, including ultramafic rocks and iron formation, within the Balmer Assemblage that may help target gold mineralization.
"We are pleased to acknowledge the support of the Ontario Junior Exploration Program (OJEP) for the West Madsen Gold Project," said Greg Lytle, President of Gold Finder. "Ontario's Minister of Energy and Mines, Stephen Lecce, announced the OJEP funding recipients at a press conference in Sudbury, Ontario on March 19, 2026. The province is investing CAD $10 million in junior mineral exploration, and Gold Finder is proud to be one of 68 exploration companies that received OJEP funding."