Stockworks Gold Commences Follow up of High-Grade Gold Stream Sediment Anomalies at the Pirenopolis Project, Brazil

Stockworks launches systematic soil sampling after stream assays up to 6.38 g/t gold in Brazil.

What the company is saying

Stockworks Gold Inc. is announcing the start of a detailed soil geochemical survey at its 100% owned Pirenópolis gold project in Goiás, Brazil. The company frames the update around follow-up work on recent stream sediment assays, highlighting a top result of 6.38 g/t gold and a previously sampled quartz boulder at 0.8 g/t gold. The narrative emphasizes the systematic nature of this exploration, the integration of high-resolution drone magnetic data, and the goal of defining priority drill targets for a future inaugural drilling campaign. Management positions the project within a region known for historic placer gold and proximity to major operations like Kinross’s Paracatu mine, but does not claim any resource or economic value at this stage. The announcement is technical, avoids promotional language, and is signed off by President/COO David Kelsch (P.Geo.) as qualified person and CEO Nasim Tyab. There is no discussion of financial results, budgets, or timelines for drilling.

What the data suggests

The disclosed numbers show stream sediment samples with gold assays up to 6.38 g/t and a second anomaly at 0.94 g/t, both above typical background levels and potentially indicative of nearby bedrock sources. The anomalous drainages are 1.0–1.5 km apart, and a quartz boulder returned 0.8 g/t gold, supporting the case for further investigation. The soil survey is being conducted in a grid pattern to pinpoint gold-in-soil anomalies and pathfinder elements, with the aim of tracing the source of the stream gold. The interpreted source area aligns with a regional-scale magnetic feature, suggesting a structural control that could host mineralization. Elsewhere, a second gold anomaly with a different geochemical signature is also being surveyed. No resource estimate, drilling results, or economic data are disclosed, and the project remains at an early exploration stage. The evidence supports the presence of gold anomalies but does not yet establish scale, continuity, or economic viability.

Analysis

The announcement is proportionate in tone for an early-stage exploration update. The company discloses the commencement of a systematic soil geochemical survey, supported by specific assay results from prior stream sediment and boulder sampling. The only forward-looking claims are that the survey is designed to trace gold sources and that results are expected to define drill targets for a future inaugural drilling campaign. These are reasonable next steps and not exaggerated, as no claims are made about imminent resource definition or economic value. There is no evidence of narrative inflation: the language is factual, and the technical details are specific. No large capital outlay or budget is disclosed, and the only capital signal is a completed drone magnetic survey, which is routine for this stage. The benefits (potential drill targets) are long-term, as drilling and any resource definition are future steps, but the company does not overstate the immediacy or certainty of outcomes.

Risk flags

• ●There is significant geological risk, as high gold-in-sediment assays do not guarantee the presence of an economically viable bedrock source; the anomalies may be local or discontinuous. The absence of drilling or resource estimates means the project’s potential remains untested.
• ●Execution risk is present because the transition from soil sampling to drill targeting and then to drilling requires technical success and sufficient funding; delays or inconclusive results could stall progress.
• ●Disclosure risk exists as no financial data, exploration budget, or timeline for drilling is provided, making it difficult to assess the company’s capacity to advance the project or withstand setbacks.

Bottom line

Stockworks Gold has begun systematic soil sampling at its Pirenópolis project in Brazil, following up on stream sediment assays up to 6.38 g/t gold and a quartz boulder at 0.8 g/t. The company is targeting the source of these anomalies using geochemical grids and drone magnetic data, but has not yet defined drill targets or scheduled drilling. No resource, economic, or financial data are disclosed, and the project is still at an early exploration stage. The evidence supports further exploration but does not yet demonstrate scale or economic potential. Investors should expect a long lead time before any value is realized, with the next key milestone being the release of soil survey results and definition of drill targets.

Announcement summary

(TSXV:STW) (OTCQB:STWGF) (FSE:4XO1) Stockworks Gold Inc. has commenced detailed soil geochemical exploration activities at its 100% owned, road accessible Pirenópolis gold project in Goiás, Brazil. The company has initiated a detailed soil geochemical survey to follow up on significant gold values from recent stream sediment samples, which returned assays of up to 6.38 ppm gold (6.38 g/t Au). The survey aims to trace the source of these stream sediment samples and define priority drill targets on the project. Previous stream sediment sampling programs identified highly anomalous gold values in two parallel drainages 1.0 to 1.5 kilometers apart, and follow-up sampling narrowed the potential source area as anomalous gold values persisted upstream before abruptly terminating. A previously sampled quartz boulder from the area returned 0.8 g/t gold. The current soil sampling program is collecting samples in a detailed grid pattern both laterally and between the two streams to identify areas of elevated gold-in-soil and associated pathfinder elements. The interpreted source area coincides with a large regional-scale magnetic feature identified from the company's recently completed high-resolution, low-level drone magnetic survey. This magnetic feature is indicative of a fault or shear zone, which can act as conduits for mineralizing fluids. Elsewhere on the property, a second anomalous gold in stream anomaly has been identified with assays up to 0.943 ppm (0.94 g/t gold), exhibiting a different geochemical signature than the primary target area and suggesting a separate style or source of gold mineralization. Stockworks is also conducting a soil geochemical survey at this second anomaly. Concurrently, the company will prospect the drainages for additional mineralized float boulders and cobbles, particularly near the 6.38 g/t gold stream sediment sample. This program represents the first systematic effort to define the bedrock source of multiple high-grade stream sediment gold anomalies on the property. Results from the soil survey, integrated with high-resolution drone magnetic data, are expected to define priority drill targets for the company's inaugural drilling campaign. The Pirenópolis gold project is an early-stage exploration property encompassing two parallel stream catchments that host significant gold-in-sediment anomalies and a gold-bearing quartz float boulder. Regional airborne geophysics by the government indicates an interpreted large-scale magnetic structural break cutting across the property upstream of the anomalous samples. The company's high-resolution drone magnetic survey adds further detail by identifying specific interpreted features potentially associated with mineralization. The region experienced a placer gold rush in the 1700s and 1800s, but the hard-rock sources of the alluvial gold have never been located. The property is within the same regional geological belt as the Paracatu gold mine, Kinross Gold Corp.'s largest operation globally, and shares key characteristics including host lithologies and regional-scale structural features. Goiás is the third-largest mining state in Brazil and hosts several operating gold mines, including Serra Grande by Anglo American, Chapada (copper/gold) by Lundin Mining, and Pilar Gold's PGDM complex. Technical and scientific information in this news release has been reviewed and approved by David Kelsch, P.Geo., President, COO and Director, a qualified person as defined under National Instrument 43-101. Nasim Tyab is Chief Executive Officer and Director of Stockworks Gold Inc.

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