24 New Gold Claims Staked After Survey Reveals Fresh Targets in Nevada

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

A2Gold Corp. (AUAU:TSXV; AUXXF:OTCQX; RR7:FSE) announced that it has staked an additional 24 unpatented lode mining claims at its 100 % owned Eastside gold project located in Esmeralda County, Nevada. The claim expansion followed the results of a geophysical survey completed in November 2025.

According to the company, the newly staked claims cover approximately 201 hectares, or 496 acres, immediately adjacent to the existing Eastside claim block. The claims were located to secure prospective ground identified during the company's recent geophysical program, which detected several previously unrecognized anomalies along the eastern and southeastern margins of the known mineralized system.

The company stated that the claim expansion strengthens its control over the broader Eastside mineralized trend and secures additional exploration ground along interpreted structural corridors and possible alteration of bedrock believed to be favorable for oxide gold mineralization typical of the Walker Lane trend.

Peter Gianulis, chief executive officer of A2 Gold, said in a company news release, "The results of our 2025 geophysical program highlighted several compelling targets immediately outside our existing claim boundary. Staking these additional claims ensures we maintain control over the broader mineralized system at Eastside and positions the company to systematically explore these new targets as part of our ongoing exploration strategy."

Eastside remains A2 Gold's flagship project and one of the largest undeveloped gold resources in Nevada's Walker Lane trend.

High Gold Prices and Institutional Demand Continue to Support Mining Sector Conditions

A March 11 report from Kitco Media examined how the current gold price environment is affecting mining companies. In the report, VanEck portfolio manager Imaru Casanova said that gold trading above US$5,000 per ounce had significantly changed the financial outlook for producers. She noted that mining companies were currently generating strong margins and cash flow and said: "The durability of record or near-record margins and cash flow generation, even if the gold price holds at current levels, is a central driver of our conviction in gold mining equities for 2026." Casanova also said that industry all-in sustaining costs were estimated to remain below US$2,000 per ounce and stated that "the math remains compelling: margins have already expanded year over year," which she said demonstrated "substantial resilience at current price levels."

Casanova also referenced discussions held with producers, developers, and royalty companies during the BMO Global Metals and Mining Conference. According to her comments, companies across the sector were operating within what she described as "a cash-generative, disciplined phase, not a reckless expansion cycle." She said the sector was currently characterized by strong balance sheets and record margins, explaining that "companies are generating record margins, balance sheets are strong, and capital allocation is notably more disciplined than in past cycles." She added that management teams were focused on returns and advancing projects selectively.

A March 11 analysis by Dominic Frisby looked at the current position of the gold market within the broader market cycle. In reviewing price behavior, levels of investor participation and institutional demand, Frisby concluded that current conditions appeared consistent with the middle portion of a longer-term bull market rather than its final phase. He wrote that "gold is still under-owned in institutional portfolios," and added that gold mining equities were "even more neglected." Although interest in the sector has increased during the recent rally, Frisby wrote that "gold is a crowded trade, but it is not a mania."

Frisby also discussed demand from central banks, referencing World Gold Council data showing that official sector purchases totaled 863 tonnes in 2025. While that figure represented a decline from the prior year, he noted that purchases remained significantly above the average recorded between 2010 and 2021. He also pointed to renewed attention toward mining equities, stating that activity surrounding the PDAC mining conference reflected growing interest in the sector.

Further analysis of the forces supporting gold demand was presented in a March 11 research note from Myrmikan Research. The report examined the broader financial dynamics behind the current market cycle and stated that "the current gold bull market began with global reserve diversification, as central banks quietly shifted away from dollar assets after the freezing of Russian reserves in 2022." The note also described gold as functioning within the financial system as a balance sheet asset and said that the shift observed so far "may represent only the first stage of a broader monetary repricing."

Analysts Discuss Land Expansion, Exploration Activity, and Valuation Metrics

According to a March 11 report from Jeff Valks of TheGoldAdvisor.com, the expansion of A2 Gold Corp.'s Eastside project followed the identification of geophysical anomalies along the margins of the known mineralized system.

Valks wrote that "a recent geophysical survey revealed several previously unrecognized signals along the eastern and southeastern margins of the known mineralized system." The report described how the company responded by staking additional claims adjacent to the existing Eastside claim block, noting that "the company liked what it saw in the geophysical data and moved quickly to secure the neighborhood."

Valks also cited comments from the company's chief executive officer regarding the geophysical results. As quoted in the report, Peter Gianulis stated that "the results of our 2025 geophysical program highlighted several compelling targets immediately outside our existing claim boundary."

In a March 6 research report, Atrium Research analysts Ben Pirie and Nicholas Cortellucci maintained a BUY rating on A2 Gold Corp. and raised their target price to CA$2.10 from CA$1.70. The analysts wrote that the revised target represented "106% upside from the current share price of CA$1.02." The report also stated that the company's flagship Eastside drill program had been expanded, noting that the campaign was "expanded from 18,000m to 30,000m, marking the largest campaign ever undertaken at the project."

Atrium Research also discussed valuation metrics associated with the Taylor Gold-Silver Project. The report stated that the analysts applied "a conservative EV/oz multiple of US$1/oz given the historic nature of the resource," resulting in a Taylor Project valuation of CA$28.0M. The analysts wrote that this valuation was "strongly accretive to the approximately CA$11.25M acquisition cost."

Exploration Programs and Technical Work at Eastside

The company stated that the newly staked claims are expected to become part of its 2026 exploration program. Planned work includes follow-up geological mapping and surface sampling over the newly staked ground. The company also plans to integrate geophysical data with existing drill and geochemical data sets and conduct drill testing of prioritized targets identified through the geophysical interpretation.

According to the March 2026 A2 Gold corporate presentation, the company is conducting a 30,000-meter reverse circulation drilling program at the Eastside project with three primary objectives. These include infill drilling at the McIntosh zone aimed at increasing grade and ounces, and work at the Castle zone intended to connect existing subzones. The program also includes step-out drilling at both McIntosh and Castle to expand the mineralized footprint. In addition, the company is testing high-priority exploration targets generated from its recently completed project-wide geophysics program. 

The presentation also outlines additional technical programs associated with the Eastside project. These include a 2,000-meter diamond drill hole program targeting a deeper high-grade gold zone and a property-wide geophysics program. Financing and strategic planning activities related to upcoming technical programs are also identified as part of the work stream. Expansion drilling and related results are described as ongoing during the 2025 to 2026 period. The company also identified an updated NI 43-101 resource estimate and the publication of a Preliminary Economic Assessment covering the Castle and McIntosh zones as part of the project development sequence.

Ownership and Share Structure¹

Management and Insiders hold 18.44% of A2, with Peter Gianulis holding the most at 9.91% and Shawn Nichols holding 5.86%. Institutions own 0.12%. The rest is retail.

A2 has 104.23 million outstanding shares, a market cap of CA$75.28 million, and a 52-week trading range of CA$0.20 - CA$1.46.