Goldgroup Mining reports high-grade drill results at San Francisco Gold Project

Goldgroup Mining has reported positive initial assay results from its 26,000-metre diamond drilling program at the San Francisco Gold Project in Sonora, Mexico. The first six drillholes, conducted within the existing pit, identified both high-grade intervals and broader zones of gold mineralization.

Notable intercepts include 23.4 metres grading 1.71 g/t gold in hole GGD-174 and 16.8 metres grading 4.36 g/t gold in hole GGD-178. These findings are being integrated into updated geological, resource, and geotechnical models to support a technical study evaluating the potential restart and optimization of the former mine.

The company has allocated approximately US$8.5 million for current drilling and technical work. The technical study is expected to be completed in the fourth quarter of 2026, with a potential restart of operations in the first quarter of 2027, depending on the study results and subsequent development decisions.