Upside Gold Reports Drilling Underway at the Kena Gold-Copper Project and Receives Mines Act Permit Extension
Sentiment Analysis
Drilling at the Kena Gold-Copper Project will target expansion of the historical 3.3-million-ounce gold resource and tests new high-priority exploration targets. Kena Exploration Permit has been extended until October 31, 2026, to support ongoing diamond drilling activities. Backed by a recently completed $5.1 million brokered financing, the fully funded 2026 drill program marks the Company's next major catalyst as it advances the Kena Gold-Copper Project.
Upside Gold Corp. (“ Upside ” or the “ Company ”) (CSE: UG) (FSE: 47I) (OTCQB: UGODF) is pleased to announce, that its 2026 drill program at the Kena Gold-Copper Project ("Kena" or the "Property") in southeastern British Columbia has commenced, with crews and equipment mobilized and actively diamond drilling on site. The Company has also received an amendment to Mines Act Permit MX-100000131, extending the current permit term to October 31, 2026. The amendment provides continued authorization for the Company’s ongoing exploration activities and supports execution of the 2026 drill program into the fall.
The fully funded program will focus on priority targets identified through the Company's technical review, which integrated historical drilling and geological, geochemical and geophysical data into a refined exploration model. The program is designed to evaluate extensions of known resource, test new target areas, and support future mineralized zone growth. Initial drilling is focused on testing extensions of known mineralization within and adjacent to the historical gold resource * , where the Company believes there is strong potential to expand its size along strike and at depth. Additional drilling will also evaluate several high-priority regional targets identified through the Company’s recent compilation work.
"Our team has spent the past year building what we believe is one of the strongest technical foundations the Kena Project has ever had" said Sophy Cesar, CEO and Director of Upside Gold. "With drills turning, we are moving from planning to execution. We have strengthened our treasury, expanded the property and refined our geological model. With the permit extension in place, we are focused on advancing the project through systematic exploration providing shareholders with updates as the program progresses."
The Company expects to provide regular updates throughout the drill program, including significant assay results as they become available. The information in this press release has been reviewed and approved by Trevor Boyd, P.Geo., Vice President, Exploration of the Company and a Qualified Person for the technical information under NI 43-101 standards.
Upside Gold Corp. is a Canadian gold-copper exploration company that has entered into an option agreement to acquire a 100% interest in the Kena Gold-Copper Project, located in southeastern British Columbia, approximately 7 kilometres southwest of Nelson. The Kena Project consists of 198 mineral claims covering 10,114.8 hectares, together with 11 crown grants covering approximately 92 hectares. The Corporation is focused on advancing the Kena Gold-Copper Project through systematic exploration and drilling programs. The Kena Project hosts a historical gold resource * comprising an originally filed Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold, and an Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77...
Source: TheNewswire
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