Au Gold Corp Commences Exploration at its Havelock Gold-Antimony Project, Victoria, Australia
(TheNewswire)
Vancouver, British Columbia– March 23, 2026 –TheNewswire – Au Gold Corp (TSXV: AUGC) (the“Company” or “AUGC”) is pleased to announce thatit has commenced exploration on its recently acquired HavelockGold-Antimony Project, located in Central Victoria, Australia.
AUGC’s field crew is currently on-site conducting field inspectionsof historical workings, mapping and rock chip sampling of a range oftargets and follow up of recent and historical anomalies. The work isbeing focused along the Shaw-McFarlane Trend (described in the January 15, 2026 newsrelease) and a new trend along the eastern portion of theproperty referred to as the Oxonian Trend. The Oxonian Trend wasbrought to the Company’s attention during a thorough review of thedata room provided by the previous operator which conducted samplingof vein material proximal to shallow historical workingsintermittently along 3 kilometer (“km”) of the trend. Samplesranged from below detection limit to 26.3 grams per tonne (“g/t”)gold.
The Company is also introducing itself to the community and to privatelandowners, an important first step towards building a strong workingrelationship with local interests.
Marc Blythe, Founder and CEO of Au Gold, commented, “Au Gold plansto be diamond drilling targets on Havelock in the second half of 2026. With historical production and no modern exploration drilling on keystructures at Havelock, it presents exceptional opportunity for newdiscoveries.”
Mr. Blythe continued, “Despite over a century of mining in one ofthe most productive gold fields in the world, the region is seeingrenewed exploration activity and success exploring high-grade goldsystems some of which are associated with critical minerals such asantimony. We hope to follow in the footsteps of highly successfulSouthern Cross Gold, building a bright future for Victorian goldmining.”
Option grant
The Company also announces that it has granted 4,275,000 incentivestock options to directors, officers, advisors and consultants of thecompany. The options were granted on March 20, 2026, are valid forfive years and are exercisable at a price of $0.20. Options grantedto investor relations personnel will vest in four equal tranches overtwelve months, while the remainder vest immediately.
For further information, please contact:
Au Gold Corp
Marc G. Blythe, MBA, P.Eng., President & Chief Executive Officer
David Jan, Investor Relations Phone: 1-888-807-4566
About Au Gold
Au Gold Corp (TSXV: AUGC) is a gold exploration companyfocused on advancing its flagship Havelock gold-antimony project inthe Victorian Gold Fields in Australia and the Ponderosa gold projectin the Spences Bridge Gold Belt in British Columbia, Canada.
Cautionary Note
This release includes certainstatements and information that may constitute forward-lookinginformation within the meaning of applicable Canadian securities laws.Forward-looking statements relate to future events or futureperformance and reflect the expectations or beliefs of management ofthe Company regarding future events. Generally, forward-lookingstatements and information can be identified by the use offorward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrasesor statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as"forward-looking statements", are not historical facts, aremade as of the date of this news release and include withoutlimitation, statements regarding discussions of future plans,estimates and forecasts and statements as to management’sexpectations and intentionswith respect to, among other things, the use of proceeds from thePrivate Placement and future exploration activities including drillingon the Project.
These forward-looking statementsinvolve numerous risks and uncertainties and actual results mightdiffer materially from results suggested in any forward-lookingstatements. Such risks and uncertainties include, among other things,the ability of the Company to obtain sufficient financing to fund itsbusiness activities and plans, delays in obtaining governmental andregulatory approvals (including of the TSX Venture Exchange), changesin laws, regulations and policies affecting mining operations,currency fluctuations, market uncertainty, as well as those factorsdiscussed in the Company's most recently filed management'sdiscussion and analysis and other filings of the Company with Canadiansecurities authorities, copies of which can be found under theCompany's profile on the SEDAR+ website atwww.sedarplus.ca.
In making the forward lookingstatements in this news release, the Company has applied severalmaterial assumptions, including without limitation, that the Companywill be able to obtain sufficient financing to carry out its plannedexploration activities.
Although management of the Companyhas attempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements or forward-looking information, there may be other factorsthat cause results not to be as anticipated, estimated or intended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements andforward-looking information. Readers are cautioned that reliance onsuch information may not be appropriate for other purposes. TheCompany does not undertake to update any forward-looking statement,forward-looking information or financial out-look that areincorporated by reference herein, except in accordance with applicablesecurities laws. We seek safe harbour.
Copyright (c) 2026 TheNewswire - All rights reserved.
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