Report

AUAU: Eastside System Extended 70m at Depth; Updated MRE in H1/26

What you need to know:
• This morning, A2Gold released assays for three drill holes at its 100% owned Eastside Project in Nevada.
• Results included 2.9 g/t Au & 9.8 g/t Ag over 20m in the Mcintosh zone and successfully extended mineralization 70m at depth.
• Today’s results continue to demonstrate the resource growth potential of the Eastside system, which will be included in an upcoming MRE and followed up with an 18,000m RC program starting next week.

This morning, A2Gold Corp. (AUAU:TSXV, AUXXF:OTC) released drill results from its 100%-owned Eastside Gold-Silver Project near Tonopah, Nevada. The release was highlighted by a strong intercept of 2.9 g/t Au over 20m in Hole ES-331, alongside multiple stacked mineralized intervals and an extension of gold-silver mineralization to ~480m vertical depth, or ~70m deeper than previously defined by the 2021 program. Today’s results continue to demonstrate the scale and continuity of the Eastside mineral system and provide technical support as A2Gold finalizes targets for its upcoming 18,000m RC drill program, scheduled to commence as early as next week. We are maintaining our BUY rating and target price of $1.70/share on A2Gold.

Today’s drilling was designed to test continuity and grade distribution at depth within the Eastside structural corridor, with broad intervals with consistent grades reinforcing the interpretation of a laterally extensive and vertically continuous gold-silver system. The depth extension at McIntosh strengthens confidence that mineralization remains open at depth and supports potential resource growth beyond AUAU’s mineral resource update expected early this year. Results include:

Hole ES-331:
• 2.9 g/t Au and 9.8 g/t Ag over 20.0m from 430m
o Including 4.9 g/t Au and 12.1 g/t Ag over 10.7m
• 2.3 g/t Au and 6.3 g/t Ag over 4.6m
• 3.2 g/t Au over 4.6m extending mineralization to ~480m vertical depth
Hole ES-337:
• 1.9 g/t Au over 3.0m from 426.7m (hole deviated ~70m from target)
Hole ES-338:
• 1.14 g/t Au and 16.3 g/t Au over 16.8m from 352m
o Including 5.0 g/t Au and 26.4 g/t Ag over 3.1m
Underlying
ALLEGIANT GOLD

Provider
Atrium Research Corporation
Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists. 

Analysts
Ben Pirie

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