CleanTech Vanadium Reports up to 12.9 g/t Gold in Quartz Surface Samples and Presents a Conceptual Starter Pit at Its El Triunfo Gold Project in Bolivia

CleanTech reports high-grade gold samples but remains early-stage with no resource estimate.

What the company is saying

CleanTech Vanadium Mining Corp. is highlighting surface sampling and historical drilling results from its El Triunfo Gold Project in Bolivia, emphasizing high-grade gold assays up to 12.9 g/t from recent 2026 campaigns. The company frames the West Block as the most prospective area, referencing both new surface samples and historical drill intercepts, including 98.9 meters at 0.37 g/t gold and 77.3 meters at 0.31 g/t gold. Management is modeling a conceptual starter pit with dimensions of 274 meters by 105 meters by 20 meters, supported by assays from 4 drill holes and 122 surface samples, but explicitly states that no mineral resources or reserves have been estimated and no economic studies are complete. The narrative is forward-looking, discussing plans to rehabilitate tunnels for bulk sampling and metallurgical tests, and potential trial mining and toll milling if results are positive. The company acknowledges that additional drilling and studies are required before any development decision, and that the continuity of mineralization and processing options remain unconfirmed. The tone is optimistic about exploration potential but measured regarding development readiness.

What the data suggests

The disclosed data shows that out of 37 surface samples collected in 2026, the highest gold value was 12.9 g/t (TR-028), with other notable samples including 2.58 g/t (TR-029), 2.78 g/t (TR-022, also over 100 g/t silver, >1% lead, >1% zinc, 0.17% copper), 1.89 g/t (TR-017), 0.72 g/t (TR-014), and 0.57 g/t (TR-016). Historical drilling on the West Block includes intercepts such as 98.9 meters at 0.37 g/t gold, 22.71 g/t silver, 0.74% zinc, 0.58% lead (TR-007), and 77.3 meters at 0.31 g/t gold, 17.65 g/t silver, 0.57% zinc, 0.53% lead (TR-008). True widths for key holes are estimated at 54% to 65% of reported lengths. The project database contains 2,264 drill assay samples and 423 surface samples, with mineralization mapped over a 750-meter strike in the West Block. No mineral resource or reserve estimate exists, and no preliminary economic assessment or feasibility study has been completed. The company holds an option to acquire 100% of the project, but has not exercised it. Regional processing plants are identified as potential toll milling options, but no agreements are in place. The technical data is detailed and credible for an exploration-stage project, but there is no evidence of economic viability or development readiness.

Analysis

The announcement is technically detailed and transparent about the exploration stage, providing specific assay results and historical drill data. However, the majority of the forward-looking statements—such as plans for a conceptual starter pit, tunnel rehabilitation, bulk sampling, and potential trial mining—are aspirational and contingent on future positive results, with no resource estimate, economic study, or development decision in place. The company explicitly states that no mineral resources or reserves have been estimated and that additional drilling and studies are required, which places any potential production or economic benefit well into the long-term. The modeling of a starter pit and discussion of toll milling options suggest significant future capital requirements, but there is no disclosure of committed funding or timelines. While the technical data is credible, the narrative inflates the sense of progress by discussing conceptual development steps that are not yet supported by resource or economic studies.

Risk flags

• ●There is no mineral resource or reserve estimate, and no preliminary economic assessment, pre-feasibility, or feasibility study has been completed, so the project's economic potential remains unquantified and highly speculative.
• ●The continuity and width of mineralization between the West and East Blocks are unconfirmed, and additional drilling is required to establish the scale and consistency of gold-bearing structures.
• ●Processing options at regional plants are only conceptual, with no agreements in place and no assurance that toll milling capacity will be available or suitable for El Triunfo material.
• ●The company has not exercised its option to acquire 100% of the project, so ownership is not yet secured and may be subject to future terms or conditions.
• ●All forward-looking steps—including tunnel rehabilitation, bulk sampling, and potential trial mining—are contingent on positive technical results and successful access to processing, introducing significant execution risk.

Bottom line

CleanTech's update provides detailed sampling and drilling data from the El Triunfo Gold Project, with some high-grade gold assays and broad mineralized intercepts, but the project remains at an early exploration stage. No mineral resource or reserve estimate has been completed, and no economic studies have been undertaken, so there is no basis for assessing the project's development potential or value. The company's plans for a conceptual starter pit, bulk sampling, and possible trial mining are aspirational and depend on future technical success and access to processing facilities, none of which are guaranteed. Ownership is not yet finalized, as CleanTech only holds an option to acquire the project. Investors should view this as a technical progress update with no immediate pathway to production or cash flow; the key next step will be the delivery of a compliant resource estimate or economic study to demonstrate project viability.

Announcement summary

(TSXV:CTV, OTCQB:CTVFF) CleanTech Vanadium Mining Corp. announced surface sampling gold assay results from two 2026 exploration campaigns at its El Triunfo Gold Project, located approximately 75 kilometers east of La Paz, Bolivia. The Project consists of the El Triunfo West Block, where the highest gold values were obtained, and the El Triunfo East Block. A total of 37 samples were collected in February and July 2026. Sample TR-028 returned 12.9 g/t gold and sample TR-029 returned 2.58 g/t gold from quartz float in the southwestern sector of the West Block. Sample TR-022, from mine dump material in the southern West Block, returned 2.78 g/t gold, over 100 g/t silver, over 1% lead, over 1% zinc, and 0.17% copper. Additional anomalous gold values included 1.89 g/t in TR-017, 0.72 g/t in TR-014, and 0.57 g/t in TR-016. Diamond drilling by Silver Elephant Mining Corp. in 2020 included TR-007, which intersected 98.9 meters grading 0.37 g/t gold, 22.71 g/t silver, 0.74% zinc, and 0.58% lead from 13.0 meters downhole, and TR-008, which intersected 77.3 meters grading 0.31 g/t gold, 17.65 g/t silver, 0.57% zinc, and 0.53% lead from 6.8 meters downhole. The company is modeling a conceptual starter pit on the West Block with a strike length of approximately 274 meters, 105 meters wide, and 20 meters deep, supported by gold assays from 4 drill holes and 122 surface samples. Drill hole TR-001 (Solitario Resources, 2005-2007) returned 34.3 meters at 0.64 g/t gold, including 1.0 meter at 2.20 g/t gold. TR-002 returned 81.1 meters at 0.30 g/t gold, including 3.58 meters at 0.83 g/t gold. TR-006 returned 36.0 meters at 0.49 g/t gold. TR-008 returned 77.3 meters at 0.31 g/t gold, including 6.4 meters at 1.60 g/t gold. True widths for TR-006 and TR-008 are estimated at approximately 54% to 65% of reported lengths. The company plans to rehabilitate existing tunnels for bulk sampling and metallurgical testing, with potential for underground trial mining and toll milling if results are positive. Regional processing plants within 130 to 320 kilometers offer potential toll milling options, including Jacha Kollo (60 t/day), Planta de Lixiviación de Viacha (100 t/day), Colquiri (2,000 t/day plus 1,000 t/day), Bonanza Oruro/Minandina (100 t/day; 40 t/day leach circuit under construction), and Ingenio Machacamarca (100 t/day). The El Triunfo Project covers 256 hectares and is accessible by road year-round with access to power and water. CleanTech holds an option, assigned by Silver Elephant in 2025, to acquire a 100% interest in the Project. The project database contains 2,264 drill assay samples and 423 surface samples. The West Block hosts mineralization over a strike extent of approximately 750 meters. Solitario Resources drilled three holes between 2005 and 2007, including TR-001, which returned 94.2 meters at 0.39 g/t gold, 21.8 g/t silver, 0.39% zinc, and 0.65% lead. Silver Elephant's 2020 drill program suggests continuity of mineralization over at least 225 meters. TR-007 intersected 98.9 meters at 0.37 g/t gold, 22.71 g/t silver, 0.74% zinc, and 0.58% lead, including 48.9 meters at 0.42 g/t gold, 35.49 g/t silver, 1.17% zinc, and 0.83% lead. TR-008 intersected 77.3 meters at 0.31 g/t gold, 17.65 g/t silver, 0.57% zinc, and 0.53% lead, including 6.4 meters at 1.60 g/t gold, 56.49 g/t silver, 1.66% zinc, and 0.94% lead. TR-009 (2022) intersected 247.0 meters at 0.2 g/t gold, 8.1 g/t silver, 0.14% zinc, and 0.17% lead, including 14.0 meters at 0.8 g/t gold, 65.0 g/t silver, 1.44% zinc, and 1.74% lead. TR-010 intersected 45.0 meters at 0.3 g/t gold, 8.7 g/t silver, 0.40% zinc, and 0.58% lead, including 1.2 meters at 2.4 g/t gold, 61.4 g/t silver, 2.98% zinc, and 10.80% lead. The company has not estimated mineral resources or reserves and has not completed a preliminary economic assessment, pre-feasibility, or feasibility study. Additional drilling is required to confirm continuity and improve geological confidence.

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