Boreal Gold (CSE:BGLD) Unlocks New Gold Potential and Secures Capital for Accelerated Exploration

Highlights

• Boreal Gold is accelerating exploration at its Fay Lake and North Star–Gold Rock properties with new high-grade gold and silver results.
• Fay Lake sampling returned assays up to 14.33 g/t gold and 122 g/t silver, confirming mineralization potential.
• Boreal targets resource definition and prefeasibility at North Star–Gold Rock through mapping, drilling, and data integration.
• The company has secured CAD 150,000 in private placement and a CAD 100,000 MMDF grant to advance key Manitoba and Saskatchewan projects.

Boreal Gold Inc. (CSE:BGLD) continues to advance its exploration initiatives across its projects in northwest Manitoba and northeast Saskatchewan. The Canadian junior mineral exploration company continues to focus on its Fay Lake Property, located along the Puffy Lake Mine-style gold mineralization trend in Manitoba. Recent assay results from the Fay Gold have yielded encouraging gold and silver values, confirming the presence of substantial mineralization in the area.

• One of the standout findings came from a sample collected in 2021 (sample 27309), which assayed 14.33 g/t gold and 65.8 g/t silver, highlighting the property's potential.
• Further sampling in 2025 confirmed the presence of anomalous gold and silver, with sample 27475 assaying 4.03 g/t gold, 122 g/t silver, along with copper and zinc mineralization.
• Boreal also discovered a new altered zone within the quartz feldspar porphyry, which has shown promising gold values, suggesting the presence of a larger, continuous gold-bearing system.

The company is committed to expanding its understanding of this gold-bearing porphyry system, with plans for additional prospecting, mapping, and sampling in the upcoming exploration phases. Boreal has also identified several target areas to the east of the property, including Koscielny Lake, where prior work revealed gold values up to 11.81 g/t over one metre. This fall, the company plans to investigate and sample several sites reported at Koscielny Lake.

Expanding Exploration at North Star–Gold Rock Property

In addition to the work at Fay Lake, Boreal Gold has placed significant focus on the North Star–Gold Rock Property, which it optioned from Voyageur Mineral Explorers Corp (CSE:VOY) in early 2025. This property has already seen extensive exploration over the past 20 years, with over CAD 9 million spent on drilling, underground development, trenching, and surface sampling. Past drilling has outlined gold-bearing structures, with average grades of 0.35 oz/t gold, along with positive metallurgical testing showing 85% gold recovery by gravity.

Boreal plans to build on this previous work by refurbishing historical grids, undertaking geological mapping, and carrying out selective drilling to further define the extent and grade of the gold structures.

The goal is to prepare the North Star and Gold Rock deposits for a resource estimate, with the aim of advancing the combined resource to a prefeasibility study. Boreal’s exploration efforts at this property are expected to focus on expanding the known gold-bearing zones and testing new targets in the surrounding area.

Securing Funding to Fuel Ongoing Exploration

To fund its expanding exploration efforts, Boreal Gold has secured both private capital and government support. On September 26, 2025, the company announced a non-brokered private placement to raise up to CAD 150,000. The funds have been earmarked for work at its North Star, Fay Lake, and Melgurd Lake properties.

Additionally, in July, the company received a CAD 100,000 grant from the Manitoba Mineral Development Fund (MMDF), further supporting its Fay Lake Property exploration.

Boreal Gold Inc. looks forward to future discoveries, supported by promising results from the Fay Lake Property and a strategic focus on expanding gold-bearing systems. The company’s efforts to secure funding through private placements and government grants are expected to accelerate its exploration activities, bringing its promising projects closer to production.

Shares of BGLD last traded at CAD 0.18 on 30 Oct 2025.