Golden Pursuit Stock Price, News & Analysis

Golden Pursuit Resources (TSXV: GDP) has announced its 2025 exploration program at the Gordon Lake gold mining district in Northwest Territories, Canada. The program focuses on three properties: Myrt Lake, Murray Lake, and DAF. The exploration plan includes detailed litho-structural mapping, rock and till sampling, and a property-scale photogrammetry and magnetics drone survey. The program aims to increase understanding of near-surface high-grade mineralization and identify new exploration targets. The company has exploration permits approved through 2030, including First Nations approvals. A planned all-weather road connecting Gordon Lake to Tibbit Lake will significantly reduce exploration costs. The project area has an extensive exploration history dating back to the 1930s, with historical gold production and high-grade findings. Sample analysis results are expected by October 2025.

Golden Pursuit Resources has announced its 2025 exploration program at the Gordon Lake gold mining district in Northwest Territories, focusing on three properties: Myrt Lake, Murray Lake, and DAF. The program includes detailed litho-structural mapping, rock and till sampling, and a property-scale photogrammetry and magnetics drone survey covering approximately 10 km2. The drone survey will be conducted at 40 meters height with 50-meter line spacing, providing high-resolution imagery for 3D geological modeling. Rock samples will be analyzed at ALS laboratory in Yellowknife, with results expected by October 2025. The project area has a rich exploration history dating back to the 1930s, with previous operations yielding significant gold findings, including historic production of up to 2.77 oz/ton at the DAF property and samples up to 310.9 g/t over 0.91m at Murray Lake.

Golden Pursuit Resources has announced the approval of a grant under the Mining Incentive Program (MIP) for its Gordon Lake project. The grant will cover 50% of eligible expenses up to $80,788.50 for the 2024-25 period. This funding will support geophysical services and geological mapping in preparation for drilling. The company also plans the construction of an all-season road to connect Gordon Lake to Yellowknife, which will facilitate exploration and development. Additionally, Golden Pursuit has retained Renmark Financial Communications for investor relations at a cost of up to $9,000 CAD per month from June 1, 2024, to December 31, 2024, with a renewable option. These developments are subject to TSX Venture Exchange approval.

Golden Pursuit Resources Ltd. (TSX-V:GDP) has received permit approvals from the Mackenzie Valley Land and Water Board for its South Gordon Lake Project (SGLP), enabling exploration for up to 7 years. The SGLP, located 90 kilometers from Yellowknife, holds significant historical gold occurrences, including five past producers. The company retains full ownership with no royalty obligations. CEO Brian McClay emphasized the milestone as a result of collaboration with Indigenous Peoples and regulators, paving the way for upcoming exploration.

Golden Pursuit Resources Ltd. (OTC PINK: FPVTF) has received a Cease Trade Order (CTO) from the British Columbia Securities Commission due to the failure to file required periodic disclosure documents by the specified deadline. The affected filings include annual financial statements for the year ended September 30, 2021, and related management discussions. Consequently, trading of the company's securities was suspended by the TSX Venture Exchange on February 7, 2022. The company is actively working to revoke the CTO and continue normal operations.

Golden Pursuit Resources Ltd. has announced the acquisition of the WT Project near Gordon Lake, NWT, encompassing two claims covering a total of 536 ha. The property, with historical gold showings dating back to 1938, is situated 12 km south of Gordon Lake and is expected to enhance the company's portfolio. Plans include commissioning a NI 43-101 report to establish a development strategy for this new project. This acquisition aims to leverage the region’s historical gold deposits and will contribute to Golden Pursuit's growth.