GoldCoast Resource Corp. has collected approximately 50,000 line kilometres of magnetic data at 400-metre line spacing across its 10,000 km² offshore reconnaissance licence package in Ghana.

The high-resolution airborne survey covers the company’s entire licence area, which spans approximately 300 kilometres of western coastline and extends 33 kilometres out to sea. Preliminary review of the raw data has identified multiple targets within Block 1. The company has selected Target A—a 500 km² block encompassing the mouth of the Ankobra River—to be re-flown on a denser 50-metre line spacing to evaluate paleo river channels. GoldCoast anticipates final geophysical interpretation results in the fourth quarter of 2026.

GoldCoast holds a district-scale reconnaissance licence package covering approximately 53% of Ghana's offshore coastline for offshore gold exploration. To fund its ongoing work, the company has raised approximately C$10.7 million to date from founders, institutional, and high-net-worth investors, including a C$9.07 million private placement completed in April 2026.

Parallel to the airborne work, GoldCoast carried out a random coastal sampling program in early 2026 across a 75-kilometre stretch of beach sands. The program recovered visible gold at multiple sites over a distance of approximately 50 kilometres, with up to 13 grains of gold recovered from a single five-litre sample.

Following these programs, GoldCoast plans to complete bathymetric and seismic surveys as part of its Phase II seaborne mapping program to generate three-dimensional models of the seafloor.

Shares of GoldCoast are currently trading at $0.85, with trading volume reaching 25,502 shares, representing 318% of its 50-day average volume of 8,026 shares.

Reflecting on the company's recent operational progress, Founder, CEO and Director Michael Nikiforuk stated:

“Listing on the CSE was an important milestone for our company and we are excited about the road ahead. Our Phase I airborne survey continues to progress, our coastal sampling program is returning encouraging early indications of gold adjacent to our licensed area along the coastline, and our technical partners are fully engaged. Our objective for the balance of 2026 is straightforward: complete Phase I, integrate the magnetic data with our sampling results, and move into seaborne mapping with a prioritized target list. On behalf of the entire GoldCoast team, I want to thank our shareholders for their continued support, and we look forward to keeping the market informed as we advance our project”

The company continues to advance its technical programs as it prepares to transition into subsequent exploration phases.

Read the full announcement: GoldCoast Resource Corp. Provides Corporate Update