ONGold Regains Full Control of October Gold Project as Evolution Exits
Bitget2026/10/16 11:31- ONGold Resources retains 100% ownership of October Gold following Evolution Mining's earn-in termination, effective October 15, 2026, and assumes operatorship.
- Evolution funded at least $2.5 million under the agreement, which offered a 75% interest for $7 million spending and $1.1 million payments.
- The 271-square-kilometer Ontario project lies 35 kilometers northwest of IAMGOLD's Côté Gold Mine; their claims are contiguous.
- New exploration targets include an untested porphyry system extending approximately 3 kilometers in the Woman River area.
- An exploration permit application is planned for fall 2026, followed by a summer 2027 field program targeting potential drilling.
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