Latest drilling data from Xihong Lake Gold Mining Company reveals significant high-grade gold mineralization at the Austin 904 composite orebody in the Madsen mining area.

The most valuable mineralized section features a gold grade as high as 219.73 g/t within a 4.8-meter interval, demonstrating extremely rich mineralization characteristics. In addition, in adjacent sections, a gold grade of 148.36 g/t was detected within a 3-meter width, while an excellent figure of 133.13 g/t was also recorded in a 2.5-meter interval. These breakthrough results confirm the existence of a continuous high-grade gold vein system in the mining area. Notably, the detected value of 219.73 g/t sets a new record for grade in the area in recent years, providing an important basis for subsequent resource estimation and mining planning. The spatial distribution characteristics of the three mineralized sections indicate good orebody continuity, with the potential to further expand resource reserves. The drilling results disclosed this time will significantly enhance the overall resource value of the Madsen mining area. The company plans to conduct more intensive drilling to determine the orebody morphology and launch metallurgical testing to study the optimal mining plan. The continuous occurrence of high-grade sections suggests that this area may become an important support for the future core production zone.