Mr. Gregory Lytle reports
GOLD FINDER REPORTS POSITIVE RESULTS FROM SUMMER FIELDWORK AT WEST MADSEN GOLD PROJECT, RED LAKE, ONTARIO
Gold Finder Resources Ltd. has released the results of the summer field program at its 100-per-cent-owned West Madsen property.
"The identification of new gold-in-soil anomalies along regional structural corridors, which host high-grade gold occurrences west of the property and major gold deposits east of the property, will aid in the systematic exploration along these structures," said Greg Lytle, president of Gold Finder. "These corridors are already known to contain anomalous gold over significant widths locally along the eight-kilometre corridor covered by the West Madsen Block A claims."
Emerald Geological Services (EGS) completed a prospecting and soil sampling program in June, targeting two areas on Block A near the western and eastern claim boundaries. A total of 25 rock (grab) samples and 218 A-horizon soil samples were collected.
Area 1 results
Area 1 spans up to four km from Tack Lake, where the Balmer-Confederation contact has been identified in drilling, to the western Block A boundary with Athena Gold's Laird Lake property, where Athena recently reported a bonanza-grade grab sample of 373 grams per tonne gold (see Athena's news release of Dec. 4, 2024) and the identification of new gold-in-till anomalies (see Athena's news release of Sept. 4, 2025).
Three north-south lines of A-horizon soil sampling were completed near the western Block A boundary, each 1.2 km long and spaced 200 metres apart with 25-metre sample station spacing. These lines were designed to test the Balmer-Confederation contact area and extend south into the Confederation assemblage across linear magnetic features. The highest result was 228 parts per billion gold on the south side of the valley west of Tack Lake, which may represent the same gold-bearing structure that is present in the lake. The next highest result was 109 ppb Au farther south in the vicinity of a linear magnetic high (see Table 1).
Additionally, a historical sample near the west shore of Tack Lake was revisited. This sample consisted of syenitic rock with quartz veining in local float. A sample of the boulder returned 438 ppb Au, whereas the original sample reportedly returned 178 ppb Au according to the Ontario assessment file database (see Table 2). The gold-bearing veinlets in this location might be explained as a peripheral offshoot of a geological structure underlying the valley west of Tack Lake.
Area 2 results
Area 2 spans approximately one km near the eastern Block A boundary, where 2020 soil sampling yielded anomalies up to 106 ppb Au from A horizon and where 2024 drill holes WM-24-03 and WM-24-04 intersected ultramafic flows believed to belong to the Balmer assemblage, which hosts the majority of the current and past-producing gold mines of the Red Lake gold camp (see Gold Finder's news release of Nov. 7, 2024). The two highest A-horizon soil anomalies in this area were both 76 ppb Au (see Table 1), in the vicinity of where hole WM-23-04 was drilled, which returned 0.42 g/t Au and 0.94 per cent copper over one metre in ultramafic rocks.
A sample of mafic volcanic outcrop with minor to moderate sugary grey quartz stringers, located 50 metres from the eastern Block A boundary, returned 117 ppb Au (see Table 2) in the vicinity of anomalous soil samples from the 2020 field program.
The program was successful in identifying target areas for follow-up exploration work. Results from the 2025 program, along with the 2024 drilling results in Area 2, suggest that the Balmer-Confederation contact may be located farther south of where previously thought in these areas. This theory will be considered when planning future exploration programs.
Quality assurance/quality control
Soil and rock samples were collected, documented and photographed in the field and then placed in sealed bags and delivered to Activation Laboratories (ActLabs) in Thunder Bay, an ISO/IEC 17025-accredited laboratory. Soil sample collection is subject to Emerald Geological Services' internal QA/QC protocols, which include the insertion of blank material and certified reference material into each batch of samples submitted. Rock samples referenced in this news release were analyzed using ActLabs methods 1A2-50, a 50-gram fire assay with atomic absorption finish, and 1F2, a total digestion with ICP-OES finish for trace elements. A-horizon soil samples were analyzed using ActLabs methods 2A, an INAA (instrumental neutron activation analysis) for gold and trace elements, as well as ActLabs method 2C1, an aqua regia partial digestion with ICP finish for select metals.
About the West Madsen gold project
The West Madsen gold project covers 5,988 hectares in the heart of the Red Lake gold camp. It comprises two contiguous claim blocks: Block A to the east and Block B to the west, both accessible by secondary roads connecting to Ontario Highway 618 and then to the town of Red Lake 15 km to the northeast. Block A adjoins the Madsen gold mine property, owned by West Red Lake Gold Mines, which announced the restart of production in June and reported the production of 3,800 ounces of gold in July (see West Red Lake Gold Mines' news release of Aug. 6, 2025).
The bulk of the mineral resources on the Madsen mine property are hosted in an approximately seven-kilometre-long gold trend that follows the major crustal break or contact between the Balmer and Confederation assemblages. Gold Finder has observed the same Balmer-Confederation contact in outcrop approximately 1.5 km west of the Block A eastern boundary and identified it within an approximately eight-kilometre corridor of disrupted regional magnetics that traverses Block A from the Madsen mine property.
Since acquiring the original claim blocks from Great Bear Resources in 2019 and additional claims from Bounty Gold in 2020 to increase the size of Block A, Gold Finder's exploration work, focused on Block A, has included geophysical interpretations, regional mapping and prospecting, rock sampling, a soil-gas-hydrocarbon survey, and approximately 11,100 metres of diamond drilling over 28 holes.
Diamond drilling has identified gold anomalies in both Balmer and Confederation assemblage rocks. Drilling in 2020 intersected 14.4 g/t Au over 0.5 m in strongly altered Balmer mafic volcanic rocks (hole WM-20-05; see Gold Finder's news release of July 22, 2020) and drilling in 2021 intersected 0.16 g/t Au over 195 m, including 0.51 g/t Au over 10.90 m, from felsic intrusive rocks of the Confederation assemblage (hole WM-21-22; see Gold Finder's news release of June 1, 2021). Follow-up drilling to the latter intersection in 2024, 100 m along strike to the southwest, intersected 0.28 g/t Au over 15 m from the felsic intrusive rocks and 0.85 g/t Au over 9.44 m from silicified metasediments in the hangingwall to the felsic intrusive rocks (hole WM-24-05; see Gold Finder's news release of Nov. 7, 2024).
The technical information in this news release was reviewed and approved by Coleman Robertson, BSc, PGeo, a qualified person for the purposes of National Instrument 43-101 and vice-president, exploration, for Emerald Geological Services.
About Gold Finder Resources Ltd.
Gold Finder is a mineral exploration company focused on discovery-stage properties. The company's goal is to acquire a property through staking or option agreement, enhance the value by defining or redefining the exploration opportunity, and maintain ownership control during the potential high-value creation phase of discovery. Gold Finder then sources a well-financed partner capable of accelerating resource definition and development. Although mineral exploration is inherently high risk, it is during the discovery phase that the greatest shareholder wealth has historically been created in the resource sector.
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