Minnova reports high-grade drill results at Manitoba PL Gold Mine as restart plans advance

Reuters2026/07/29 19:44

By:Reuters

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Minnova outlined restart plans for its 100%-owned PL Gold Mine in Manitoba, targeting a lower-cost open-pit start before a later shift underground.
Completed 13,500 meters of drilling in 131 holes from September 2025 to April 2026 to support an updated 2026 NI 43-101 resource estimate.
Drilling extended the PL North target, with down-dip mineralization traced more than 300 meters from surface, supporting open-pit expansion potential.
Plans call for process plant throughput to rise to 2,000 tpd from 1,000 tpd, with expansion capex deferred to year 1 cash flow.
Granted 2,600,000 stock options at $0.2 per share for five years, with immediate vesting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Minnova Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607291543NEWSFILECNPR____20260729_307156_1) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Minnova reports high-grade drill results at Manitoba PL Gold Mine as restart plans advance

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