23:09:26 EDT Tue 25 Aug 2026
Enter Symbol
or Name
USA
CA



Blossom Gold Inc
Symbol BGAU
Shares Issued 131,618,889
Close 2026-08-25 C$ 1.82
Market Cap C$ 239,546,378
Recent Sedar+ Documents

Blossom begins decline No. 2 rehabilitation at Rosebud

2026-08-25 19:03 ET - News Release

Mr. Graden Colby reports

BLOSSOM GOLD ANNOUNCES REHABILITATION OF DECLINE #2 UNDERWAY AT ROSEBUD

Portal No. 2 at Blossom Gold Inc.'s Rosebud project in Pershing county, Nevada, is now open and rehabilitation work is under way. Blossom's mining contractor, Small Mine Development LLC (SMD), has mobilized to site, completed earthworks to re-establish access to the portal opening and, following drilling and blasting of the concrete plug on Aug. 24th, has secured full access to decline No. 2 and rehabilitation of the decline.

SMD's work involves approximately 3,000 feet (ft) (915 metres (m)) of rehabilitation planned for decline No. 2. Rehabilitation work will include ground support, ventilation and utility installation to restore safe underground access. Underground drill stations will be established concurrently as rehabilitation work allows to provide locations for infill drilling of the Rosebud open-pit resource in accordance with Blossom's underground, infill drilling program. The underground, infill drilling program is designed to upgrade the classification of the open-pit resource and test the potential for higher-grade underground mineralization more efficiently than is possible from surface drilling under the five-acre constraint of the company's notice of intent. Underground drilling contractors have been identified and are being evaluated. The underground infill program will involve approximately 27,000 ft (8,200 m) of drilling and will commence in Q4 (fourth quarter) 2026. Results from the program are intended to support an updated mineral resource estimate targeted for the first quarter of 2027, in support of feasibility studies and permitting associated with Rosebud's plan of operations with the Bureau of Land Management.

Graden Colby, Blossom's chief operating officer, commented: "Blasting the concrete closure plug and gaining full access to decline No. 2 after 25 years is a fundamental milestone in our continuing evaluation of Rosebud. We had more work to do than expected to re-establish access, but now that rehabilitation is under way, we expect to get back on schedule. SMD's scope of work includes rehabilitation, drill bay development, and bulk sampling for continued metallurgical testing and heap leach optimization. Infill drilling will begin in Q4 and is critical to generating the data we need to meet our schedule for an updated open-pit mineral resource estimate in Q1 2027. Portal No. 2 provides access to the historic workings of the former Rosebud underground mine, which produced approximately one million tons of ore grading over 15 g/t Au from 1997 through 2000. Blossom continues to evaluate the potential for higher grade underground resources, which will benefit directly from the rehabilitation of decline No. 2 that is now under way."

About Small Mine Development LLC

SMD is focused on mechanized, hard rock, underground mining in the United States. SMD has a significant presence in northern Nevada, and the Rosebud project is located two hours from SMD's central warehouse and yard. SMD has a proven history of successful projects, including mine rehabilitation, development and production mining. SMD will be providing much of the mine infrastructure, including power generation and distribution, along with mobile equipment, and skilled miners to complete the scope of work. Keith Jones, SMD's general manager, stated: "We are pleased to be reopening Rosebud decline No. 2 and look forward to advancing the project with the capable, motivated folks from Blossom Gold. This is an exciting time for all of us in the mining industry."

About Blossom Gold Inc.

Blossom is a Canadian-based precious metals exploration and development company that recently began trading on the Toronto Stock Exchange under the symbol BGAU. Blossom acquired the Rosebud project in connection with the TSX listing, and will be focused on the exploration and development of the project. The Rosebud project includes the former Rosebud mine, where mining was conducted from 1997 through 2000 by the Rosebud Mining Company, a Newmont-Hecla joint venture, using underground mining methods where the mine operated at a cut-off grade of approximately 0.2 ounce per ton (oz/t) gold (Au) (6.8 grams per tonne (g/t) Au), when gold prices ranged from $250 (U.S.) to $350 (U.S.) per oz, with mined material truck hauled approximately 120 miles to an existing Newmont oxide mill for processing.

The current vision for the Rosebud project is to evaluate the remaining higher-grade mineralization and the surrounding larger volume of lower-grade mineralization as a potential open-pit mining operation with on-site, heap-leach processing and recovery of gold and silver. The Rosebud project currently hosts an inferred mineral resource of 70,755,000 tons grading 0.62 g/t Au (0.018 oz/t Au) and 6.49 g/t silver (Ag) (0.189 oz/t Ag) for 1.28 million ounces of gold and 13.4 million ounces of silver. The mineral resource estimate was open pit constrained using long-term gold and silver prices of $2,500 (U.S.) and $35 (U.S.) per ounce, respectively. The deposit is open in all directions.

Further details on Blossom and the Rosebud project, including the technical report, titled "Mineral Resource Estimate for the Rosebud Property, Pershing County, NV, USA," by Northern Lights Mining LLC, with a report date of Dec. 17, 2025, and an effective date of Nov. 1, 2025, can be found under the company's profile on SEDAR+ and the company's website.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Dino Titaro, PGeo, a director of Blossom, who is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.