Drill resultsCanadian GoldCamps Corp. (CSE:CAMP)May 26, 2026 at 6:01 AM EDT

Mercator Gold outlines exploration priorities and strategy

Source:

TheNewswire

gold

Company to advance NI 43-101 Technical Report; 2026 exploration campaign to follow up on promising historic work including high-grade intercepts of 5.6 metres of 4.87 g/t gold Vancouver, British Columbia, TheNewswire, May 26, 2026, Canadian GoldCamps Corp. (CSE: CAMP) (OTC: SMATF) (FSE: A68) is pleased to provide an update on its 2026 exploration strategy for the Mercator and Courcy gold projects located in the Caniapiscau district of northeastern Québec. Following a review of historical exploration data, geophysics, drilling, and regional geological interpretation, the Company has identified the Mercator project as its primary exploration focus for 2026 while continuing to retain exposure to the broader exploration potential of the Courcy project. Click Image To View Full SizeFigure 1.

Regional setting — geological map of the James Bay Territory (Eeyou Istchee) showing the location of the Mercator and Courcy properties within the Superior Province, with reference deposits Éléonore. Figure 1. Regional setting — geological map of the James Bay Territory (Eeyou Istchee) showing the location of the Mercator and Courcy properties within the Superior Province, with reference deposits Éléonore.

Strategic Focus: Mercator BIF Gold System The Mercator project covers approximately 561 square kilometres within the extension of the Opinaca sedimentary basin in northeastern Québec, a regional geological setting associated with several significant gold systems, including the nearby Éléonore mine. Historical work completed on the property identified a broad gold-bearing iron formation system at the Meridian Zone, including drill intercepts reported by Stelmine in 2022 such as 17.8 metres grading 2.62 g/t gold, including 5.6 metres grading 4.87 g/t gold in hole MCT22-08 . Exploration completed to date indicates that the mineralized system extends over a large structural corridor that remains open along strike and at depth.

Previous geophysical surveys also identified multiple conductive and chargeable targets interpreted to be associated with sulphide-bearing iron formations and structural deformation zones. Management believes the combination of favorable regional geology, large-scale structural features, historical gold intercepts, and multiple untested geophysical anomalies supports the advancement of Mercator as the Company's flagship exploration asset for the upcoming field season. The Company believes Mercator remains significantly underexplored relative to the scale of the identified geological system.

Click Image To View Full SizeFigure 2. Mercator property — claim boundary and Meridian Zone target area, on induced polarization map. Figure 2.

Mercator property — claim boundary and Meridian Zone target area, on induced polarization map. George Yordanov, P.Geo., President and CEO of Canadian GoldCamps, commented: “Mercator stands out as a large and underexplored gold system with characteristics comparable to other major sediment-hosted gold environments in Québec. Our objective for 2026 is to refine priority targets, validate historical datasets, and position the project for a systematic follow-up drilling campaign.

We believe the scale of the structural corridor and the presence of multiple untested anomalies provide meaningful discovery potential.” NI 43-101 Technical Report The Company is currently finalizing an independent NI 43-101 Technical Report covering the Mercator and Courcy projects. The report incorporates historical exploration results, geological interpretation, geophysical datasets, and review by independent qualified persons. A follow-up site visit is expected to be completed during the upcoming field season in accordance with applicable regulatory requirements.

Filing of the technical report on SEDAR+ is anticipated in the near-term following completion of final technical and independent review processes. 2026 Exploration Program Subject to completion of the technical report, Canadian GoldCamps intends to advance a phased exploration program at Mercator focused on: validation and re-interpretation of historical geological and geophysical datasets;  selective re-analysis of historical samples using modern multi-element analytical methods;  field mapping, prospecting, and structural interpretation across the Meridian Zone and surrounding targets;  prioritization of high-conviction drill targets for a future diamond drilling campaign.  The Company expects to provide additional details regarding program scope, scheduling, and budgeting following completion of ongoing technical review work. Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by George Yordanov, P.Geo., President and Chief Executive Officer of the Company. On behalf of the Board of Directors, George Yordanov, P.Geo.

President & Chief Executive Officer Canadian GoldCamps Corp. About Canadian GoldCamps Corp. Canadian GoldCamps Corp. is a Canadian exploration company focused on the acquisition and advancement of gold projects with district-scale potential. The Company currently holds an option to acquire up to an 80% interest in the Mercator and Courcy gold projects located in the Caniapiscau district of Québec. For further information, please contact: George Yordanov, P.Geo.

President & Chief Executive Officer Canadian GoldCamps Corp. Email: g.yordanov@canadiangoldcamps.com Website: www.canadiangoldcamps.com Listings: CSE: CAMP  •  OTC: SMATF  •  FSE: A68 Cautionary Statements The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation, including statements regarding the Company’s exploration plans and priorities for the Mercator and Courcy gold projects, the planned filing of the NI 43-101 Technical Report, the timing and completion of a planned site visit by a Qualified Person, the scope, structure, timing and expected outcomes of the 2026 exploration program, and the Company’s expectations regarding the geological context and prospectivity of the Mercator BIF gold system. Forward-looking information is based on management’s current expectations and assumptions, including, without limitation, that market conditions will remain supportive, that regulatory approvals will be obtained in a timely manner, and that the Company will be able to complete the planned work programs on the terms and within the timeframes currently expected.

Forward-looking information is subject to known and unknown risks and uncertainties that may cause actual results to differ materially, including risks related to commodity prices, exploration outcomes, the timing of regulatory approvals, the risk that interpretations of historical data may not be confirmed by subsequent exploration, weather and seasonal access constraints, and other factors disclosed in the Company’s public filings available under its profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update forward-looking information, except as required by law.