Loyalist Exploration Completes Preliminary Review of DeSantis Gold Property, Ontario; Drill Targets Identified

Why It Matters

The newly defined targets could unlock substantial untapped gold resources in a world‑class district, strengthening Loyalist’s asset base and offering upside for investors.

Key Takeaways

• Six high‑priority targets mapped around historic DeSantis workings.
• 25 g/t Au over 0.61 m intersected in parallel zone.
• Depth extension of Albitite Zone shows >10 g/t Au hits.
• Historical 1963‑64 reports suggest up‑dip and west extensions.
• Loyalist to launch summer drilling under “Buy Timmins” plan.

Pulse Analysis

Timmins, Ontario remains a magnet for gold exploration, anchored by the Destor‑Porcupine Deformation Zone that hosts multiple historic mines. Loyalist’s DeSantis property, once a modest producer of 35,784 oz of gold, now benefits from a modern data overhaul that merges legacy drill logs with contemporary geological models. By revisiting 488 historic holes and over 21,000 assays, the company has reconstructed a three‑dimensional view of the Albitite and Hydrothermal zones, revealing gaps in previous testing and highlighting zones that were never fully explored during the mine’s original life.

The preliminary review surfaced six high‑potential targets, each backed by compelling assay results. Notably, a shallow up‑dip extension of the Albitite Zone (Target 1) remains untested, while deeper extensions (Targets 3a/3b) have already delivered >10 g/t Au over multiple meters. A parallel zone above the Albitite (Target 4) produced a striking 25 g/t Au over 0.61 m, suggesting a new, high‑grade shoot. Historical 1963‑64 reports further corroborate the presence of unmined material at the 800‑foot and 950‑foot levels, reinforcing the case for a focused drilling campaign.

Strategically, the DeSantis review dovetails with Loyalist’s aggressive “Buy Timmins” acquisition program, which now includes the Tully, Loveland, and Gold Rush assets. By advancing a summer work program that integrates detailed mapping, geophysical surveys, and targeted drilling, Loyalist aims to convert these exploration leads into a NI 43‑101 compliant resource. Success would not only diversify the company’s portfolio but also position it as a leading junior operator in one of North America’s most prolific gold belts, potentially delivering significant upside for shareholders.