Bathurst Metals Corp. Options the Gladstone Gold and Northern Gold Properties Adjacent to the Turner Lake/TED Gold Project, Nunavut
(TheNewswire)
January 22, 2026 – TheNewswire - Bathurst Metals Corp.(“Bathurst” or the “Company”) has entered into an optionagreement with arm’s length vendors to acquire a 100% interest in the Gladstone Gold and Northern Gold properties, locatednorth of the Company’s 100%-owned Turner Lake/TED Gold Project in the Bathurst Inlet area ofNunavut, Canada. To exercise the option, the Company must pay$8,000.00 cash, incur not less than $150,000 in explorationexpenditures within 24 months, and issue to the vendors an aggregateof 4,000,000 common shares and 4,000,000 transferable share purchasewarrants. 1,000,000 common shares and 1,000,000 share purchasewarrants will be issued upon TSXV acceptance and an additional1,000,000 common shares and share purchase warrants each six monthsthereafter from the date of TSXV acceptance. Each share purchasewarrant will entitle the holder to acquire an additional common shareof the Company for $0.08 for a period of three years from the date ofTSXV acceptance.
Gladstone Gold Property
The Gladstone Gold Property covers 1,197.371 hectares and hosts three known gold showings, with reported gold values rangingfrom 2.12 to 143.76 g/t Au.Associated geochemical values include arsenic ranging from 0.64% to 2.2%, lead up to 1.04%, and zinc up to 0.31%.
Bathurst has also recently staked the West Gold claim, located immediately west of the GladstoneGold Property. West Gold hosts twoknown gold showings with values of up to 5.0 g/t Au, along with arsenicvalues up to 2.68% and zinc upto 0.31%.
Northern Gold Property
The Northern Gold Property covers 1,386.079 hectares and is located immediately south of theGladstone Gold Property. The property hosts a known gold showing withreported values of up to 6.58 g/tAu, accompanied by arsenic values up to 0.62% and lead values up to 1.0%.
Comments from Lorne M. Warner, P.Geo, President and Director ofBathurst Metals Corp. “Long beforeI began working for Bathurst Metals I had been studying the entirearea for its metal potential, consequently I was able to have Bathurstfirst acquire the Turner Lake Property, later the TED, Gela Lake andMcAvoy Lake Properties and more recently the West Gold Property. Thearea is underexplored with all the major ingredients required forhosting gold deposits. These include an Archean greenstone belt,intrusives and large regional structures. Bathurst’s strength is inknowing the belt’s potential, focusing on controlling what isconsidered strategic to the company.”
Strategic Fit with Bathurst’sNunavut Exploration Program
The Gladstone Gold and Northern Gold properties represent a logicalextension of Bathurst Metals’ existing land position in the TurnerLake district. These properties adjoin or lie immediately adjacent tothe Company’s current holdings and cover known mineralizedoccurrences along trends relevant to ongoing and planned explorationactivities. Acquiring these claims consolidates Bathurst’sdistrict-scale footprint, limits future land competition, and ensuresthat potential extensions of mineralization remain under Companycontrol. This approach leverages existing geological knowledge,logistical planning, and prior investment at Turner Lake, rather thanallocating capital to new or untested regions. The acquisitions aretherefore well aligned with Bathurst’s focused exploration strategyin Nunavut.
Recent Developments
Exploration interest in the Turner Lake area has increased, withseveral groups acquiring mineral claims covering known goldoccurrences within the broader district. In response, Bathurst hascontinued to strengthen its land position through targeted staking andacquisition of adjacent ground.
Strategic Importance of the TurnerLake/TED Area
Based on current geological and regional understanding, the TurnerLake/TED area is considered strategic for the following reasons:
The Turner Lake/TED region is a core focus of Bathurst Metals’exploration efforts.
The area hosts numerous known gold occurrences, with limitedsystematic exploration completed to date.
Nunavut represents a stable, mining-friendly jurisdiction withinCanada.
First Nation land title matters in the region have been settled.
At current gold prices, high-quality mineral properties are becomingincreasingly scarce and costly to acquire.
While infrastructure is presently limited, recent and proposedindustry and government initiatives may improve access over time.
Qualified Person
The scientific and technical information contained in this newsrelease has been reviewed and approved by Lorne Warner, P.Geo.,President and Director of Bathurst Metals Corp., who is a QualifiedPerson as defined by National Instrument 43-101 – Standards ofDisclosure for Mineral Projects.
The historical assay results referenced herein are derived from priorwork completed by previous operators. The Company has notindependently verified these historical results, and they should notbe relied upon unless and until verified by Bathurst Metals throughfuture exploration programs.
Bathurst Metals Corp.
For investor inquiries, please contact:
Harold Forzley, Chief Executive Officer
604-783-4273
Neither TSX Venture Exchange nor itsregulation services provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
About Bathurst Metals Corp.
Bathurst MetalsCorp. is anexploration-stage company engaged in the acquisition, exploration, anddevelopment of mineral properties in Nunavut and British Columbia,Canada. The Company holds a 100% interest in the Turner Lake, TED, McGregorLake, Speers Lake, Gela Lake and McAvoy Lake Projects in Nunavut andthe Peerless Property a gold /silver prospect in the historic BralorneCamp in British Columbia.
Copyright (c) 2026 TheNewswire - All rights reserved.
NASDAQ: BMV:CC
BMV:CC Trading
6.67% G/L:
$0.08 Last:
11,166 Volume:
$0.075 Open:
