New Age Metals Inc. (TSXV: NAM; OTCQB: NMTLF; FSE: P7J.F) has released assay results from its 2026 exploration program at the Bonanza Ridge Gold and Critical Metals Project in the Kenora Mining District of northwestern Ontario, reporting gold values as high as 4.77 g/t Au from a previously unrecognised sub-parallel structure north of the historic Blue Star showing. The company also announced the completion of mechanized stripping at the Triggs occurrence and receipt of a high-resolution airborne geophysical survey covering multiple claim blocks. Investors may be watching these results as the company works toward defining drill targets for a planned winter diamond drill program.

Key Points

  • New Age Metals Inc. (TSXV: NAM; OTCQB: NMTLF; FSE: P7J.F)
  • Gold assay results up to 4.77 g/t Au returned from a sub-parallel structure approximately 20 metres north of the historic Blue Star showing
  • Seven of 215 returned grab samples exceeded 1 g/t Au; elevated copper reached 3,230 ppm and silver reached 14.9 g/t; 116 samples remain pending
  • Investors should watch for remaining assay results and drill target selection for the planned winter diamond drill program

Blue Star Structure Yields Multiple High-Grade Gold Results

Prospecting and geological mapping commenced on May 20, 2026, conducted by Clark Exploration Consulting Inc. on the Bonanza claim block. From the first batch of 215 grab samples submitted to Activation Laboratories Ltd. in Thunder Bay, Ontario, seven samples returned greater than 1 g/t Au. The standout results — 4.77 g/t, 4.68 g/t, and 1.05 g/t Au — came from a sub-parallel structure roughly 20 metres north of the historic Blue Star showing, forming part of a series of parallel quartz veins. The company notes these results indicate the mineralised system extends beyond previously documented showings. Results for the remaining 116 samples are still pending. Grab samples are selective by nature and are not necessarily representative of the broader mineralisation on the property.

Mechanized Stripping Completed at Historic Triggs Occurrence

Mechanized stripping at the historic Triggs occurrence has been completed, following recommendations from prior exploration programs. The objective was to expose additional gold-bearing features associated with the Triggs vein. The company has engaged a structural geological consultant to complete a structural analysis of the fault and associated veins, which the release states will provide direction for detailed geological mapping and channel sampling across the stripped areas. The disclosure suggests ongoing channel sampling and mapping are already advancing as the 2026 field program progresses. These steps build on fall 2025 sampling that returned grades of up to 127 g/t Au at the Triggs occurrence, according to the announcement.

Airborne Geophysical Survey Data Received Across Kenora Land Package

New Age Metals has received final data deliveries from a high-resolution, fixed-wing geophysical survey flown by Terraquest Ltd. over six claim blocks — Magnet Lake, Northern Extension, Lavender Lake, Bonanza, South Gibi, and Lavender Lake Extension. The dataset comprises horizontal magnetic gradient, radiometric (gamma ray), and VLF-EM data. The release states results are being compiled and integrated with existing geological data to refine ongoing field work and support the company's understanding of the project's geological framework. The consolidated Bonanza Ridge project now totals approximately 19,240 hectares across the Kenora Mining District, the announcement indicates.

Winter Diamond Drill Program Targeted as Field Season Advances

The results from the 2026 field season — including remaining pending assays, the structural analysis at Triggs, and the newly acquired airborne geophysical data — are described in the release as instrumental in selecting drill targets for a proposed winter diamond drill program at Bonanza Ridge. The scientific and technical content in the announcement has been reviewed and approved by J. Garry Clark, P.Geo., of Clark Exploration Consulting Inc., acting as a Qualified Person under National Instrument 43-101. The immediate share price impact was not clear from available public information.