Auriginal and IAMGOLD Launch New Drilling Campaign at the Anik Joint Venture Project

Auriginal Resources Ltd., in partnership with , has officially commenced a new diamond drilling program at the Anik Joint Venture (JV) Project, located in the highly prospective Nelligan Gold Camp of Québec, Canada. This milestone marks an important step in advancing exploration activities within one of the region’s most promising gold districts.

Strategic Importance of the Nelligan Gold Camp

The Nelligan Gold Camp is widely recognized as an emerging and underexplored gold district with strong geological potential. Situated in northern Québec, the region benefits from excellent infrastructure, political stability, and a long-standing history of successful mineral exploration. The Anik JV Project lies adjacent to and along trend with other significant gold discoveries, making it a strategic asset for both Auriginal and IAMGOLD.

The camp hosts multiple mineralized structures associated with favorable lithologies and deformation zones, which are considered ideal settings for orogenic gold deposits. These geological characteristics have drawn increasing attention from major and junior mining companies alike.

Overview of the Anik Joint Venture Project

The Anik JV Project is jointly owned by Auriginal Resources Ltd. and IAMGOLD, combining Auriginal’s regional expertise with IAMGOLD’s extensive technical and financial capabilities. The project covers a large land package strategically positioned near IAMGOLD’s flagship Nelligan Project, which has already demonstrated multi-million-ounce gold potential.

Through the joint venture structure, both companies aim to systematically evaluate and unlock the exploration upside of the Anik property. The current drilling program represents a key phase in testing high-priority targets identified through previous geological, geophysical, and geochemical work.

Details of the 2025 Drilling Program

The newly launched drilling campaign is designed to test several priority targets across the Anik JV Project. The program will focus on areas where historical drilling, surface sampling, and geophysical surveys have outlined anomalous gold values and favorable structural controls.

Program Scope and Objectives

The drilling program is expected to include multiple diamond drill holes totaling several thousand meters. The primary objectives are:

• To confirm and extend known gold mineralization intersected in earlier exploration programs
• To test new targets generated from recent data integration and interpretation
• To improve geological understanding of mineralized structures and host rocks

By systematically drilling these targets, the joint venture aims to determine the continuity, grade, and scale of gold mineralization across the property.

Target Areas and Geological Rationale

The selected drill targets are associated with major deformation corridors, shear zones, and favorable volcanic and sedimentary rock units. These features are known to host gold mineralization elsewhere in the Nelligan Gold Camp.

Previous surface sampling has returned encouraging gold values, while geophysical surveys have identified conductive and structural anomalies consistent with mineralized systems. The current drilling program is intended to validate these indicators at depth.

Role of IAMGOLD in the Joint Venture

As a well-established international gold producer, IAMGOLD brings significant technical expertise and operational experience to the Anik JV Project. The company has a strong presence in Québec and is actively advancing the nearby Nelligan Project, which enhances regional synergies.

IAMGOLD’s involvement underscores the perceived potential of the Anik property and provides confidence in the technical approach being applied. The joint venture allows for efficient capital allocation while sharing exploration risk between the partners.

Auriginal’s Exploration Strategy

Auriginal Resources Ltd. continues to focus on building value through strategic partnerships and targeted exploration in proven mining jurisdictions. The company’s approach emphasizes disciplined exploration, data-driven decision-making, and collaboration with experienced industry partners.

The commencement of drilling at the Anik JV Project aligns with Auriginal’s broader strategy of advancing high-quality assets with strong discovery potential. Success at Anik could significantly enhance the company’s project portfolio and market profile.

Expected Timeline and Next Steps

Drilling operations are expected to continue over the coming weeks, subject to weather conditions and operational efficiency. Drill core will be logged, sampled, and sent to accredited laboratories for assay analysis.

Results from the drilling program will be released as they become available and are expected to provide valuable insights into the project’s gold potential. Positive results could lead to follow-up drilling and expanded exploration programs.

Implications for the Nelligan Gold Camp

The launch of this drilling program further highlights the growing importance of the Nelligan Gold Camp as a key gold exploration hub in Québec. Continued investment and exploration activity in the region support its reputation as a fertile ground for new discoveries.

Successful outcomes at the Anik JV Project could contribute to a broader understanding of the camp’s geology and reinforce the potential for additional discoveries along the same mineralized trends.

Commitment to Responsible Exploration

Both Auriginal and IAMGOLD have emphasized their commitment to responsible and sustainable exploration practices. This includes соблюдение environmental regulations, engagement with local communities, and adherence to high standards of health and safety.

Responsible exploration not only minimizes environmental impact but also ensures long-term benefits for stakeholders and local regions.

Conclusion

The commencement of the Auriginal–IAMGOLD Anik JV drilling program marks a significant milestone in the ongoing exploration of the Nelligan Gold Camp. With strong geological rationale, experienced partners, and a clear exploration strategy, the program has the potential to unlock meaningful value and contribute to future gold discoveries in Québec.

Investors and industry observers will be closely watching the results of this drilling campaign, as they may provide important clues about the scale and continuity of gold mineralization at the Anik JV Project.

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