EDM Resources launches gold exploration program at Scotia Mine Proactive uses images sourced from Shutterstock

EDM Resources Inc (TSX-V:EDM, OTC:SWNLF) announced that it has commenced a focused gold exploration program at its Scotia Mine property in Nova Scotia, as the company evaluates the potential for gold mineralization within its broader land package.

The program builds on high-grade gold assays previously reported from concentrate sampling in September 2025. At that time, lead concentrate composite assays returned values of up to 142 grams per tonne (g/t) gold, with repeat assays of 157 g/t and 95.5 g/t gold. Zinc concentrate composite assays returned 2.93 g/t gold, with repeat assays of 3.64 g/t and 1.46 g/t gold.

The concentrate assay results were derived from historical material processed during prior operations at the Scotia Mine and were independently confirmed through additional multi-element and gold analyses conducted by AGAT Laboratories.

The company said the results highlighted the potential for gold values associated with existing zinc-lead mineralization, while noting that concentrate assay results do not necessarily reflect in-situ grades and are provided for exploratory context only.

According to EDM, the current exploration program is designed to assess the source and distribution of gold mineralization across the property. Planned work includes a review and reinterpretation of historical drill core and geological data, geological mapping of prospective zones within the Meguma Terrane formation, targeted sampling and assay programs, and evaluation of gold potential beneath and adjacent to the main zinc-lead carbonate zone. The company also intends to identify priority drill targets for potential follow-up exploration.

EDM said its objective is to determine whether the gold mineralization represents a discrete exploration target, a potential by-product opportunity within the existing deposit, or a broader structural or stratigraphic feature within the regional geology.

In parallel with the gold-focused work, the company has initiated preparation of an updated Mineral Resource Estimate. The updated estimate will assess the potential inclusion of additional gypsum and anhydrite mineral resources, building on historical work and previously identified zones of interest.

"With final permitting progressing and gold exploration now underway, EDM is entering a pivotal phase,” EDM Resources CEO Mark Haywood said. “Our objective is straightforward: advance the Scotia Mine toward restart while evaluating the potential for additional value through gold mineralization."

The company also confirmed that its Annual General Meeting of Shareholders was held on February 20, with all matters presented to shareholders approved, including the election of directors, appointment of auditors, and renewal of its equity incentive plans.

EDM said it will attend the upcoming Prospectors & Developers Association of Canada convention, being held in Toronto from March 1 to 4, and invited investors and industry participants to arrange meetings with management during the event.

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