Go Metals Corp. (CSE: GOCO) announced on October 29, 2026, that option partner Eureka Metals Corp. has commenced diamond drilling at the KM98 Project, located approximately 60 kilometres north of Havre-Saint-Pierre, Québec. The maiden drill program marks the first time targets at the Hook Target have been tested at depth, representing a significant milestone for the titanium-vanadium-iron project. Eureka, which holds an option to earn up to an 80% interest in KM98 from Go Metals, is fully funding and operating the program, conducted by IOS Geosciences.

Key Points

  • Go Metals Corp. (CSE: GOCO) is a Vancouver-based critical metals explorer with a portfolio of base metal projects in mining-friendly jurisdictions.
  • Eureka Metals Corp. has commenced diamond drilling at the Hook Target within the KM98 Project in Québec, marking the project's maiden drill campaign.
  • Eight holes are planned from four approved drill sites to depths of up to 200 metres, testing anomalies along an approximately five-kilometre prospective trend.
  • Investors may be watching for drill results that evaluate titanium-bearing oxide mineralization at depth and the continuity of the mineralised system.

Hook Target Drilling Designed to Test Five-Kilometre Titanium-Bearing Trend

The maiden drill program at the Hook Target consists of eight planned diamond drill holes from four approved drill sites, reaching depths of up to 200 metres. The program is designed to test previously undrilled magnetic and conductive anomalies along an approximately five-kilometre prospective trend. Earlier exploration work at KM98 identified massive and semi-massive titanium-bearing oxide mineralisation at surface, and the current drilling aims to evaluate whether that mineralisation extends at depth and to better understand the continuity of the mineralised system.

Eureka Metals Option Agreement and Program Funding at KM98

Under an existing option agreement, Eureka Metals Corp. holds the right to earn up to an 80% interest in KM98 from Go Metals. As the option holder, Eureka is responsible for both operating and funding the maiden drill program, with drilling being carried out by IOS Geosciences. Should Eureka complete its full earn-in obligations, Go Metals would retain a 20% participating interest in the project. The financial terms of the option agreement and total program budget were not disclosed in the announcement.

KM98 Qualified Person Review and Go Metals' Broader Project Portfolio

Technical information in the announcement was reviewed and approved by Hugues Longuépée, P.Geo., of IOS Geosciences, a qualified person as defined under National Instrument 43-101. IOS has been engaged by Eureka to conduct the drill program, and Mr. Longuépée is noted as independent of Go Metals. Beyond KM98, Go Metals' project portfolio includes HSP, a nickel-copper project, and Monster, an iron oxide copper-gold project, reflecting the company's focus on critical and base metals exploration.