Goliath Intersects Abundant Visible Gold Within 96.50 Meters Of Mineralization At Surebet High-Grade Gold Discovery, Golddigger Property, Golden Triangle, B.C.
Drill Hole GD-25-302 Findings: The drill hole GD-25-302 at Goliath Resources' Surebet Discovery has intersected six occurrences of visible gold within a 96.50 meter mineralized interval, indicating strong potential for high-grade gold mineralization linked to the Motherlode magmatic source. Assays are pending, and this hole is part of a larger 2025 drilling campaign aimed at expanding the Bonanza Zone.
Expansion Plans and Historical Data: Goliath Resources plans to increase its 2025 drill campaign from 40,000 meters to 60,000 meters, focusing on outlining the geometry of the Surebet discovery and testing additional dykes for mineralization. Recent re-logging of previous drill holes has revealed new intervals with visible gold, further enhancing the project's exploration potential.
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McEwen Inc. Enters Definitive Agreement to Acquire Golden Lake Exploration
- Transaction Overview: McEwen and Golden Lake signed a Definitive Agreement on January 28, 2026, to acquire all outstanding shares of Golden Lake through a plan of arrangement, which, if completed, will make Golden Lake a wholly-owned subsidiary of McEwen, further integrating its mineral resources in Nevada.
- Asset Integration Benefits: Golden Lake's Jewel Ridge project boasts historical drill results of up to 2.20 gpt gold, and the integration will leverage McEwen's infrastructure and funding to enhance the long-term operational potential of the Gold Bar Mine Complex, thereby strengthening market competitiveness.
- Shareholder Value Enhancement: Golden Lake shareholders will receive compensation equivalent to 0.003876 McEwen shares per Golden Lake share, translating to approximately CDN $0.12 per share, representing a 60% premium to the 20-day volume-weighted average price, thereby increasing liquidity and investment appeal.
- Approval Requirements: The transaction requires the approval of 66⅔% of Golden Lake shareholders at a special meeting expected in March 2026, and if successful, will provide strong support for McEwen's long-term growth strategy.

McEwen Mining to Acquire Golden Lake Exploration in Strategic Deal
- Acquisition Agreement: McEwen Mining has entered into a definitive agreement to acquire all outstanding shares of Golden Lake Exploration through a court-approved plan, further expanding its asset portfolio.
- Shareholder Value Increase: Under the proposed transaction, Golden Lake shareholders will receive 0.003876 McEwen shares for each Golden Lake share, representing an implied offer price of C$0.12 per share, which is a 60% premium over the 20-day volume-weighted average price as of January 26, 2026.
- Asset Integration Advantage: Golden Lake's principal assets include its 100%-owned Jewel Ridge and Jewel Ridge West projects, located adjacent to McEwen's Windfall and Lookout Mountain discoveries, enhancing McEwen's resource consolidation capabilities in Nevada's Eureka Mining District.
- Strategic Implications: This acquisition not only incorporates Golden Lake into McEwen's business landscape but also strengthens its competitive position in the gold mining industry, particularly against the backdrop of rising gold prices, which is expected to provide robust growth momentum for the future.






