Red Sucker Lake First Nation Invites ONGold to Resume Exploration at Monument Bay Gold Project
ONGold Resources (TSXV: ONAU) (OTCQB: ONGRF) has received formal invitation from Red Sucker Lake First Nation (RSLFN) to resume exploration activities at the Monument Bay gold project in Northeastern Manitoba. The project, acquired from Agnico Eagle Mines in December 2024, is located within RSLFN's traditional territories.
Following extensive discussions, a framework agreement has been established for exploration resumption, aligned with RSLFN's Community Consultation Protocol. Recent geological compilation suggests significant potential for expanding the historic gold resource.
ONGold Resources (TSXV: ONAU) (OTCQB: ONGRF) ha ricevuto un invito formale dalla Red Sucker Lake First Nation (RSLFN) per riprendere le attività di esplorazione presso il progetto aurifero Monument Bay nel nord-est del Manitoba. Il progetto, acquisito da Agnico Eagle Mines nel dicembre 2024, si trova all'interno dei territori tradizionali della RSLFN.
Dopo ampie discussioni, è stato stabilito un accordo quadro per la ripresa dell'esplorazione, in linea con il Protocollo di Consultazione della Comunità della RSLFN. Recenti compilazioni geologiche suggeriscono un significativo potenziale per espandere la risorsa aurifera storica.
ONGold Resources (TSXV: ONAU) (OTCQB: ONGRF) ha recibido una invitación formal de la Red Sucker Lake First Nation (RSLFN) para reanudar las actividades de exploración en el proyecto de oro Monument Bay en el noreste de Manitoba. El proyecto, adquirido de Agnico Eagle Mines en diciembre de 2024, se encuentra dentro de los territorios tradicionales de la RSLFN.
Tras amplias discusiones, se ha establecido un acuerdo marco para la reanudación de la exploración, alineado con el Protocolo de Consulta Comunitaria de la RSLFN. Recientes compilaciones geológicas sugieren un potencial significativo para expandir el recurso de oro histórico.
ONGold Resources (TSXV: ONAU) (OTCQB: ONGRF)는 Red Sucker Lake First Nation (RSLFN)으로부터 노스 이스트 매니토바에 있는 모뉴먼트 베이 금 프로젝트에서 탐사 활동을 재개하라는 공식 초대를 받았습니다. 이 프로젝트는 2024년 12월 Agnico Eagle Mines로부터 인수되었으며, RSLFN의 전통적인 영토 내에 위치하고 있습니다.
광범위한 논의 끝에, RSLFN의 지역 사회 상담 프로토콜에 맞춰 탐사 재개를 위한 프레임워크 협정이 체결되었습니다. 최근의 지질적 종합 결과는 역사적인 금 자원을 확장할 수 있는 상당한 잠재력을 시사합니다.
ONGold Resources (TSXV: ONAU) (OTCQB: ONGRF) a reçu une invitation formelle de la Red Sucker Lake First Nation (RSLFN) pour reprendre les activités d'exploration sur le projet aurifère Monument Bay dans le nord-est du Manitoba. Le projet, acquis auprès d'Agnico Eagle Mines en décembre 2024, est situé dans les territoires traditionnels de la RSLFN.
Suite à de longues discussions, un accord-cadre a été établi pour la reprise de l'exploration, en accord avec le Protocole de Consultation Communautaire de la RSLFN. Les récentes compilations géologiques suggèrent un potentiel significatif pour l'expansion de la ressource aurifère historique.
ONGold Resources (TSXV: ONAU) (OTCQB: ONGRF) hat eine formelle Einladung von der Red Sucker Lake First Nation (RSLFN) erhalten, die Explorationsaktivitäten im Monument Bay Goldprojekt im Nordosten von Manitoba wieder aufzunehmen. Das Projekt, das im Dezember 2024 von Agnico Eagle Mines erworben wurde, befindet sich innerhalb der traditionellen Gebiete der RSLFN.
Nach umfassenden Diskussionen wurde eine Rahmenvereinbarung zur Wiederaufnahme der Exploration in Übereinstimmung mit dem Beratungsprotokoll der RSLFN etabliert. Jüngste geologische Zusammenstellungen deuten auf ein erhebliches Potenzial zur Erweiterung der historischen Goldressource hin.
- Formal approval to restart exploration activities
- Framework agreement established with local First Nation
- Geological studies indicate potential for resource expansion
- None.
Toronto, Ontario--(Newsfile Corp. - February 25, 2025) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) (the "Company" or "ONGold") is pleased to provide an update on the Monument Bay gold project ("Monument Bay") located in Northeastern Manitoba, which it recently acquired from Agnico Eagle Mines Limited in December, 2024 (the "Acquisition"). Since closing the Acquisition, the Company has been in extensive discussions with Red Sucker Lake First Nation ("RSLFN") as the Monument Bay property is located within their traditional territories. For further details about the Acquisition, please see the Company's news release dated December 23, 2024 available on the Company's SEDAR+ profile at www.sedarplus.ca.
ONGold is pleased to announce that RSLFN has formally invited ONGold to restart exploration activities at Monument Bay. Recent meetings held in Winnipeg and within the community have led to a framework agreement for the resumption of exploration in parallel with community engagement in line with the RSLFN's Community Consultation Protocol.
Kyle Stanfield, CEO and Director of ONGold commented: "We are thrilled to be coordinating the re-initiation of field exploration activities at the Monument Bay gold project with Red Sucker Lake First Nation. We are excited to be working with a community with a demonstrated history of dynamism and strong leadership across industry. The recently completed geological compilation has shown enormous potential for ONGold to increase the size of the historic gold resource in the coming months."
About ONGold Resources Ltd.
ONGold Resources Ltd. owns significant exploration assets in Northern Ontario and Northern Manitoba, including the district-scale Monument Bay Gold-Tungsten Project, TPK Project, Domain Gold Project and October Gold Project. These projects represent a strategic footprint in one of Canada's most prolific gold-producing regions.
With its deep exploration-development technical expertise, strong commitment to social acceptability, mindful Indigenous engagement and partnerships, in addition to a proven track record of responsible exploration, ONGold's team is uniquely positioned to unlock the full potential of its portfolio of projects.
ONGold Resources Ltd. on behalf of the Board of Directors
Kyle Stanfield, Chief Executive Officer & Director
Contact Information
Kyle Stanfield
Chief Executive Officer
Telephone: 1 (855) 525-0992
Email: info@ongoldresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242360
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