GoldArc Resources has commenced a 6,600-metre reverse circulation drilling program at the Leonora North Gold Project in Western Australia, targeting eight high-priority prospects across 84 planned holes.

The campaign spans strike extensions at Hydra, Hydra-link, and Mt Stirling South, parallel mineralised zones at S6 and S7, and new discoveries at Tyrannus-West, S3, and S4. Six of the eight prospects—Mt Stirling South, S3, S4, S6, S7, and Hydra-link—have never been drill-tested previously.

Recent rock chip sampling across historic workings adjacent to the planned drill sites returned strong gold grades, including 13.8 g/t gold at S4, 12.0 g/t gold from S4 mullocks, and 2.45 g/t gold at Tyrannus-West.

Six of the prospects lie within 1.5 kilometres of the planned mining operations at Mt Stirling and Mt Stirling Well, allowing any successful discoveries within that radius to be integrated into the mine plan. Development activities are funded in partnership with BML Ventures under a 50/50 net profit-sharing arrangement, while GoldArc retains 100% ownership of the deposits.

"2026 has been a transformational year for GoldArc, with more than 75,000m of drilling completed. Almost all of that work went into de-risking ounces we already had, and this program is the opposite, it is aimed squarely at new discoveries.

Six of these eight prospects have never had a drill rig on them, and every one of them is close enough to the planned pits that a discovery can go into the mine plan and be funded by BML Ventures rather than by our shareholders. We have historic workings on this project that returned rock chips above 49 g/t and have never been drill tested, so this is the cheapest ounce growth available to us and we intend to chase it hard."

— Paul Stephen, Managing Director

Drilling is expected to be completed within four to six weeks, with first assay results anticipated from October 2026.

Read the full announcement: Discovery Drilling Underway at Leonora North Gold Project