Bathurst Metals Corp. Increases Control of Land Holdings in the Turner-Pistol Lake Belt by the Acquisition of the IRON GOLD and NORTH CORE Properties South of the Turner Lake/TED Gold Project, and west of the Pistol Lake Deposit, Nunavut
(TheNewswire)
March 20, 2026 – TheNewswire -Bathurst Metals Corp. (“Bathurst” or the “Company”) hasentered into an acquisition agreement with arm’s length vendors toacquire a 100% interest in theIron Gold and North Core properties, located southof the Company’s 100%-owned TurnerLake/TED Gold Project in the Bathurst Inlet area of Nunavut,Canada. To exercise the agreement, the Company must pay $4,590.00cash, and issue to the vendors an aggregate of 4,000,000 common sharesand 4,000,000 transferable share purchase warrants and a 2% NSR to thevendors. Each share purchase warrant will entitle the holder toacquire an additional common share of the Company for $0.08 for aperiod of three years from the date of TSXV acceptance.
NORTH CORE and IRON GOLDPROPERTIES.
The NORTH CORE Gold Property, claim number 105426 covers 729.721hectares and covers a known gold showing, with reported gold valuesranging from 4.6 g/t Au.Mineralization is indicated to occur in iron formations. These ironformations are geologically similar to Bathurst’s, TED project aswell as Pistol Lake and the historic Lupin Mine. The IRON GOLDProperty, claim number 105425, covers 886.822 hectares and is locatedapproximately 2 kilometres north of the NORTH CORE property. IRON GOLDcovers 4 known gold occurrences associated within the same ArcheanAge, iron formations as described above. Gold values range from 1.07 – 13.44 g/t Au. BathurstMetals also staked a mineral claim called FEAU01, number 105427, afterdiscussions with NORTH CORE/IRON GOLD owners. The claim, FEAU01 covers808.31 hectares, and has a common boundary to both the IRON GOLD andNORTH CORE properties. FEAU01 also covers an area of known goldmineralization associated with iron formations.
Comments from Lorne M. Warner, P.Geo, President and Director ofBathurst Metals Corp. “Theseclaims cover Archean Age, Iron Formations known to host gold depositssuch as the historic Lupin Mine and the nearby Pistol Lake Deposit. The fact that there is known gold mineralization and yet nosystematic exploration or drill testing makes this area an excellentaddition to Bathurst’s strategy of controlling land holdings in thisarea.”
Strategic Fit with Bathurst’sNunavut Exploration Program
These gold properties represent a logical extension of BathurstMetals’ existing land position in the Turner Lake district. Theseproperties are near the Company’s current holdings and cover knownmineralized occurrences along trends relevant to ongoing and plannedexploration activities. Acquiring these claims consolidatesBathurst’s district-scale footprint, limits future land competition,and ensures that potential mineralization in the area remains underCompany control. This approach leverages existing geologicalknowledge, logistical planning, and prior investment at TED and TurnerLake, rather than allocating capital to new or untested regions. Theacquisitions are therefore well aligned with Bathurst’s focusedexploration strategy in Nunavut.
Recent Developments
Exploration interest in the Turner Lake area has increased, withseveral groups acquiring mineral claims covering known goldoccurrences within the broader district. In response, Bathurst hascontinued to strengthen its land position through targeted staking andacquisition of adjacent ground.
Strategic Importance of the TurnerLake/TED Area
Based on current geological and regional understanding, the TurnerLake/TED area is considered strategic for the following reasons:
These new properties are geologically similar to TED’s IronFormation style gold mineralization.
The Turner Lake/TED region is a core focus of Bathurst Metals’exploration efforts.
The area hosts numerous known gold occurrences, with limitedsystematic exploration completed to date.
Nunavut represents a stable, mining-friendly jurisdiction withinCanada.
First Nation land title matters in the region have been settled.
At current gold prices, high-quality mineral properties are becomingincreasingly scarce and costly to acquire.
While infrastructure is presently limited, recent and proposedindustry and government initiatives may improve access over time.
Qualified Person
The scientific and technical information contained in this newsrelease has been reviewed and approved by Lorne Warner, P.Geo.,President and Director of Bathurst Metals Corp., who is a QualifiedPerson as defined by National Instrument 43-101 – Standards ofDisclosure for Mineral Projects.
The historical assay results referenced herein are derived from priorwork completed by previous operators. The Company has notindependently verified these historical results, and they should notbe relied upon unless and until verified by Bathurst Metals throughfuture exploration programs.
Bathurst Metals Corp.
For investor inquiries, please contact:
Harold Forzley, Chief Executive Officer
604-783-4273
Neither TSX Venture Exchange nor itsregulation services provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
About Bathurst Metals Corp.
Bathurst MetalsCorp. is anexploration-stage company engaged in the acquisition, exploration, anddevelopment of mineral properties in Nunavut and British Columbia,Canada. The Company holds a 100% interest in the Turner Lake, TED, McGregor Lake, SpeersLake, Gela Lake and McAvoy Lake Projects in Nunavut and the PeerlessProperty a gold /silver prospect in the historic Bralorne Camp inBritish Columbia.
Copyright (c) 2026 TheNewswire - All rights reserved.
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