XAU Resources (TSXV: GIG) plans to start a field exploration program in early November 2026 on the Noseno gold property in northwest Guyana, where it holds an option to acquire 100%. The first stage is a soil sampling campaign of approximately 790 samples over 39 line-km in the core of Target Area 1, part of a planned program of about 4,325 samples over two priority areas. Interpretation of 5,247 line-km of airborne magnetic and radiometric data, acquired in 1994 and covering 865 km², identified a major NW-SE structure and at least two interpreted intrusive bodies, which the company considers prospective targets. Selective grab samples from an artisanal working near the historical Williams prospect returned 51.55 g/t Au and 6.13 g/t Au from quartz veins, though the company notes these are not necessarily representative of mineralization on the property. The company could not independently verify the original 1994 data, so the airborne interpretation is indicative only and requires ground verification.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
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