Blossom Gold Surface Drilling Program Intercepts 128 meters at 1.19gAu/t including 37.1m at 2.82gAu/t at its Rosebud Project

Blossom Gold reports thick, higher-grade gold intercepts at Rosebud, advancing toward a 2027 resource update.

What the company is saying

Blossom Gold Inc. is emphasizing strong new drill results from its 2026 exploration program at the Rosebud Open-Pit Heap-Leach Project in Nevada. The company highlights hole RC26-012 in the East Zone, which intersected 128.0 meters at 1.19 gAu/t, nearly double the average grade of the current resource, including a high-grade interval of 37.1 meters at 2.82 gAu/t. Management, led by CEO Rick Winters and VP Exploration Dr. John DeDecker, frames these results as validation of their targeting strategy in previously unmined gaps and as evidence of both near-surface and deeper mineralization. The narrative stresses the potential to expand and upgrade the current inferred resource of 70.755 million tons at 0.62 gAu/t for 1.28 million ounces of gold and 13.4 million ounces of silver, modeled at long-term prices of US$2,500/oz gold and US$35/oz silver. The company is transparent about its process, disclosing four active rigs, 11,585 meters of surface drilling remaining, and an 8,230-meter underground infill program set to start in December. An updated mineral resource estimate is scheduled for Q1 2027, and ongoing metallurgical and technical studies are underway.

What the data suggests

The disclosed drill results show significant thicknesses of gold mineralization, with RC26-012 intersecting 128.0 meters at 1.19 gAu/t and a 37.1-meter interval at 2.82 gAu/t, both materially above the current resource grade. South Zone holes such as BG26-044 and RC26-008 returned long intervals at or above the 0.17 gAu/t cutoff, with BG26-044 yielding 269.2 meters at 0.17 gAu/t and RC26-008 delivering 149.4 meters at 0.21 gAu/t from surface. The current inferred resource stands at 70.755 million tons at 0.62 gAu/t (1.28 million ounces of gold), using price assumptions of US$2,500/oz gold and US$35/oz silver. To date, 28,083 meters of a planned 39,668-meter surface drilling campaign have been completed, with 11,585 meters remaining and an 8,230-meter underground infill program to begin imminently. The technical disclosure is detailed, with true thicknesses, hole IDs, grades, and QA/QC protocols specified. The evidence supports the company's claim of expanding mineralization, but the economic impact will not be clear until the Q1 2027 resource update.

Analysis

The announcement provides detailed and specific drill results, including hole IDs, grades, widths, and locations, as well as a clear update on the progress of the surface drilling campaign. The tone is positive, highlighting intervals that are higher than the current resource average and emphasizing the potential for resource expansion. However, most claims are factual and realized, with only a small portion being forward-looking (e.g., the upcoming underground infill program and the updated Mineral Resource Estimate expected in Q1 2027). There is no evidence of exaggerated language or narrative inflation; the technical disclosures are precise and supported by data. No large capital outlay or immediate financial impact is discussed, and the company is at an exploration stage where the absence of revenue or profit metrics is normal. The gap between narrative and evidence is minimal, as the claims are well-supported by disclosed drill results and resource figures.

Risk flags

• ●Resource expansion and economic upside are contingent on successful completion of the remaining 11,585 meters of surface drilling and 8,230 meters of underground infill, with results still pending for several zones. Delays or disappointing results could materially affect the expected resource growth.
• ●The current resource estimate is based on long-term gold and silver prices of US$2,500/oz and US$35/oz, which are above historical averages and introduce price risk if commodity markets weaken before project development.
• ●The project remains at the exploration and resource-definition stage, with no feasibility study or economic assessment yet completed. There is no guarantee that the mineralization will support a profitable mining operation, and further technical, permitting, and market risks remain before any production decision.
• ●Metallurgical recoveries for silver are not yet defined, as the company is reporting gold-only results until further metallurgical testing is complete. This creates uncertainty around the full value of the silver component in the resource.
• ●The project’s economics and resource classification are still subject to change pending the results of ongoing drilling, metallurgical testing, and technical studies, which could alter tonnage, grade, or recoverable ounces.

Bottom line

Blossom Gold’s update confirms thick, higher-grade gold intercepts at Rosebud, with RC26-012 in particular returning grades well above the current resource average. The company is making measurable progress toward a Q1 2027 resource update, with 28,083 meters drilled out of a planned 39,668 meters and an underground infill program about to commence. The resource is currently modeled at aggressive long-term gold and silver prices, which could amplify downside risk if market prices soften. While the technical disclosure is robust and the drilling results are promising, the project remains at a pre-economic assessment stage, and the real economic value will only become clearer with the next resource estimate and subsequent studies. Investors should focus on the completion of the remaining drilling, the start of underground infill in December, and the Q1 2027 resource update as the next major milestone. The most important takeaway is that while the drill results are strong, the investment case still hinges on successful resource growth and future economic studies.

Announcement summary

(TSX:BGAU, OTCQX:BGAUF) Blossom Gold Inc. announced further drill results from its 2026 exploration program at the Rosebud Open-Pit Heap-Leach Project in Pershing County, Nevada. In the East Zone, hole RC26-012 intersected 14.2 meters at 1.06 gAu/t from 32.7 meters, and 128.0 meters at 1.19 gAu/t from 181.5 meters, including 37.1 meters at 2.82 gAu/t from 244.5 meters, in a previously unmined gap between the North and East mined zones. In the South Zone, RC26-008 intersected 149.4 meters at 0.21 gAu/t from surface, including 7.6 meters at 0.82 gAu/t from 103.6 meters, and BG26-044 returned 269.2 meters at 0.17 gAu/t from 36.0 meters, including 17.4 meters at 0.50 gAu/t from 262.8 meters. Four rigs are operating, with 11,585 meters (38,000 ft) remaining in the surface drilling program. The underground infill program of 8,230 meters (27,000 ft) is expected to begin in December, and an updated Mineral Resource Estimate is expected in Q1 2027. Rick Winters, Chief Executive Officer of Blossom Gold, stated that RC26-012 returned 128.0 meters at 1.19 gAu/t, almost twice the average grade of the current resource, including a higher-grade interval of 37.1 meters at 2.82 gAu/t. Additional core and RC drilling are planned to further test the wedge and collect material for metallurgical testing. BG26-044 demonstrated nearly 270 meters of cutoff grade material (0.17 gAu/t or 0.005 opt) from 36 meters, and RC26-007 was in mineralization for 233.1 meters (0.28 gAu/t) starting just over 20 meters downhole. Three core drill rigs and one RC rig are focused on expanding and upgrading the existing NI43-101 inferred, open-pit resource of 70.8 million tons at 0.018 opt Au (0.62 gAu/t) and 0.189 opt Ag (6.49 gAg/t) for 1.28 million ounces of gold and 13.4 million ounces of silver. The historic Hecla/Newmont Joint Venture mined just under one million tons at 0.44 opt Au (15 gAu/t) from 1997 to 2000. The current inferred mineral resource is 70.755 million tons grading 0.62 gAu/t (0.018 opt Au) and 6.49 gAg/t (0.189 opt Ag) for 1.28 million ounces of gold and 13.4 million ounces of silver, constrained using long-term gold and silver prices of US$2,500 and US$35 per ounce, respectively. To date, 28,083 meters of the planned 39,668 meter surface drilling campaign have been completed, excluding the 8,200 meters of planned underground infill drilling. The Rosebud Project includes the former Rosebud Mine, where mining was conducted from 1997 through 2000 by the Rosebud Mining Company, a Newmont-Hecla joint venture, using underground mining methods at a cut-off grade of approximately 0.2 opt Au (6.8 gAu/t), when gold prices ranged from US$250 to US$350 per ounce. The current vision for the Rosebud Project is to evaluate the remaining higher-grade mineralization and the surrounding larger volume of lower grade mineralization as a potential open pit mining operation with on-site, heap-leach processing and recovery of gold and silver. The technical report titled “Mineral Resource Estimate for the Rosebud Property, Pershing County, NV, USA” by Northern Lights Mining LLC has a report date of December 17, 2025 and an effective date of November 1, 2025. The scientific and technical information in this release was reviewed and approved by Dino Titaro, P.Geo., a Director of Blossom and Qualified Person as defined in NI 43-101. QA/QC procedures include sample preparation and analysis by MSALABS in Elko, Nevada, with photon assay detection limits of 0.025 g/t Au and 3.7 g/t Ag, and confirmation by chemical analysis every five holes. Gold fire assay uses a 50 g sample, and silver analysis uses a 40 g sample with a detection limit of 0.05 g/t.

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