Au Gold Corp Identifies Additional Gold Targets from Early Exploration Results at its Havelock Gold-Antimony Project, Victoria, Australia
(TheNewswire)
Vancouver, British Columbia– 21 May, 2026 - TheNewswire – Au Gold Corp (TSXV:AUGC) (the “Company” or “AUGC”) is pleasedto provide an update on exploration activities and analytical resultsreceived to date at its Havelock Gold-Antimony project in Victoria,Australia.
· Eighty-nineorientation rock samples were collected and analysed from variouslocations on the project (Figure 1), returning values from belowdetection to 25.10 grams per tonne (“g/t”) gold. Only gold values havebeen received to date, multi-element results, including antimony arepending
· Two new areas ofinterest have been identified on the northern claim block throughhistorical data review proximal to the Sydenham Reef Mine (owned by athird party)
· Historic soilgeochemistry data has been acquired and added to the project digitaldata set, resulting in the identification of anomalous gold results onthe southern end of the Shaw-McFarlane Trend, between Shaw’s Reefand the southern property boundary. The anomalies appear to have hadno follow up to date
· Field personnelare mobilizing to collect an additional 1,000 soil samples, comprisinginfill and extension around existing anomalies. Further prospecting,sample collection and interpretation will be carried out during June2026
Marc Blythe, Founder & CEO of Au Gold, comments, “Overall we arevery pleased with progress to date at Havelock. We are progressing avery methodical approach, including wringing as much information outof historical work by others at the project as possible to ensure thatour own work programs are tightly focused and efficient.”
First Phase Orientation Rock Sampling Results
During March 2026, Company personnel collected 89 orientation rocksamples, comprising both select and in-situ samples at a range ofsites across the project. Target areas (shown in Figure 1) includedtwo sites along the main Shaw-McFarlane Trend (SMT) reef line andseveral historical sites to the west assessing parallel structuresincluding potential extensions of Harvey’s Reef. In addition, a 3kilometre (“km”) portion of the Oxonian Trend was prospected.
Samples consisted dominantly of massive to thinly laminated quartzreef material and iron carbonate-iron oxide quartz breccias. Sampleswere collected from historical dump piles and shallow pits as well asundisturbed areas. Twenty-eight samples returned anomalous goldvalues between 100 ppb and 25.10 g/t (Figure 2).
At Harper’s Reef, located on the Shaw-McFarlaneTrend, two samples returned anomalous gold values of 0.98 and18.40 g/t gold. The 18.40 g/t sample consisted of acomposite of weakly laminated white quartz pieces collected from thetop of the Harper’s Reef dump pile and the grade is in line withreported historic production records. This appears to be the onlysample documented from this site.
Between McFarlane Shaft and Harvey’s Reef (Figure 2),seventeen samples returned anomalous gold values between 100 ppb and25.10 g/t. The sample grading 25.10 g/t was a composite of laminatedquartz reef material averaging 7 centimetres (“cm”) thickness froman area of shallow workings (< 1 m deep) referred to in thehistoric literature as Lund’s Reef. Angular blocks up to 30 cmthick of hydrothermally altered siltstone containing quartz stringers,secondary manganese and siderite returned 6.58 g/t gold from aparallel series of shallow workings known as the Ant Reef.
Prospecting and localized sampling along the Oxonian trend returnedmostly sub gram gold samples with exception of one insitu sample froman 11 cm exposure of quartz-siderite which graded 3.74 g/t gold.
Recent completion of the Havelock data set review identified twowell-defined northerly trends of gold-bearing float and insitu samplesin the northern Havelock claim block (Figure 3). This region of theproject is host to the Sydenham Reef Mine developed along the northernextension of the Shaw-McFarlane Trend. The mine is currently ownedby a third party and believed to be inactive.
The two trends are delineated by rock samples gradingbetween 0.79 g/t and 24.10g/t gold. The rock samples were contained in ahistorical data set and appear to have had no follow up. TheSydenham Central trend of anomalous rock samples is 210 m in lengthand is centered on an insitu sample returning 24.10 g/t gold howeverthe thickness of the sample was not provided. The Sydenham Easttrend of anomalous rock samples is 500 m in length with peak values of14.20 g/t and 11.90g/t gold at the southern and northern ends ofthe trend, respectively.
Historical Data Set Review
Part of the recent data set review included the identification andlocation of historical soil sampling results. These were added tothe digital data set, which led to the identification of a strategic 2km section of the Shaw-McFarlane Trend (Figure 1) in the southern partof the property containing weak and moderate intermittent gold-in soilanomalies. There are no recorded rock samples in this areasuggesting no follow up work has been conducted.
Next Steps
AUGC will be commencing its phase 2 work program at Havelock shortlywhich will consist of the collection of approximately 1,000 soilsamples in strategic parts of the property supplementing broadlyspaced historical anomalies. Focused prospecting will also continuealong the Shaw-McFarlane and Oxonian Trends.
The recent sampling results, along with the upcoming phase 2 workprogram and historical data set review will provide the basis foridentifying additional high priority drill targets at Havelock. AUGC’s drill program, which is expected to commence in Q3 2026will constitute the first modern drilling program on the SMT.
The Company continues to engage with the community, in particularprivate landowners within areas of interest on the project.
Qualified Person
Technical information in this press release was prepared under thesupervision of Mr. William Wengzynowski, P.Eng., a Qualified Person asdefined by NI 43-101. Mr. Wengzynowski is AUGC’s ExplorationManager.
Sample Analysis
Analytical samples were transported by Company personnel to On SiteLaboratory Services (“On Site”) located in Bendigo, Victoria,Australia. On Site operates under both ISO 9001 and NATA qualitysystems. Samples were prepared and analyzed for gold using the fireassay technique (PE01S method; 25 gram charge), followed by measuringthe gold in solution with flame AAS equipment. On Site insertsblanks and standards into the analytical process, AUGC did not insertadditional QA/QC samples.
For further information, please contact:
Au Gold Corp
Marc G. Blythe, MBA, P.Eng., President & Chief Executive Officer
David Jan, Investor Relations
1-888-807-4566
About Au Gold
Au Gold Corp (TSXV: AUGC) is a gold exploration companyfocused on advancing its flagship Havelock gold-antimony project inthe Victorian Gold Fields in Australia and the Ponderosa gold projectin the Spences Bridge Gold Belt in British Columbia, Canada. Moreinformation at www.AuGoldCorp.com
Cautionary Note
This release includes certainstatements and information that may constitute forward-lookinginformation within the meaning of applicable Canadian securities laws.Forward-looking statements relate to future events or futureperformance and reflect the expectations or beliefs of management ofthe Company regarding future events. Generally, forward-lookingstatements and information can be identified by the use offorward-looking terminology such as “intends” or “anticipates”, orvariations of such words and phrases or statements that certainactions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as"forward-looking statements", are not historical facts, aremade as of the date of this news release and include withoutlimitation, statements regarding discussions of future plans,estimates and forecasts and statements as to management’sexpectations and intentions with respect to, among other things,future exploration activities including drilling on theProject.
These forward-looking statementsinvolve numerous risks and uncertainties and actual results mightdiffer materially from results suggested in any forward-lookingstatements. Such risks and uncertainties include, among other things,the ability of the Company to obtain sufficient financing to fund itsbusiness activities and plans, delays in obtaining governmental andregulatory approvals (including of the TSX Venture Exchange), changesin laws, regulations and policies affecting mining operations,currency fluctuations, market uncertainty, as well as those factorsdiscussed in the Company's most recently filed management'sdiscussion and analysis and other filings of the Company with Canadiansecurities authorities, copies of which can be found under theCompany's profile on the SEDAR+ website atwww.sedarplus.ca.
In making the forward looking statements in this news release, theCompany has applied several material assumptions, including withoutlimitation, that the Company will be able to obtain sufficientfinancing to carry out its planned exploration activities.
Although management of the Companyhas attempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements or forward-looking information, there may be other factorsthat cause results not to be as anticipated, estimated or intended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements andforward-looking information. Readers are cautioned that reliance onsuch information may not be appropriate for other purposes. TheCompany does not undertake to update any forward-looking statement,forward-looking information or financial outlook that are incorporatedby reference herein, except in accordance with applicable securitieslaws. We seek safe harbour.
Copyright (c) 2026 TheNewswire - All rights reserved.
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