Curated News
By: NewsRamp Editorial Staff
April 27, 2026

Upside Gold Signs LOI to Acquire Strategic Claims Adjacent to Kena Property

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TLDR

  • Upside Gold Corp. gains strategic advantage by acquiring adjacent claims to expand its Kena property, increasing exploration potential and resource scale.
  • Upside Gold signed an LOI to acquire 273 hectares of claims with historic high-grade gold production, planning systematic surface evaluation to assess mineralization continuity.
  • This acquisition supports responsible mineral development in British Columbia, potentially creating jobs and economic benefits for local communities.
  • The acquired claims include the historic Venus-Juno Group, which produced 5,411 tonnes grading 19.8 g/t gold in the early 1900s.

Impact - Why it Matters

This news matters because it highlights Upside Gold's proactive approach to expanding its land position in a historically high-grade gold-silver district. The acquisition of claims with past production of nearly 20 g/t gold could significantly enhance the exploration potential of the Kena Project. For investors, this move demonstrates the company's commitment to building scale and unlocking value from under-explored areas within a proven geological setting. It also underscores the strategic importance of consolidating adjacent mineral rights to create a contiguous land package, which can reduce operational risks and improve the economics of future development. The systematic exploration program planned by Upside Gold could lead to new discoveries, potentially increasing the resource base and boosting shareholder value.

Summary

Upside Gold Corp. (CSE: UG) (FSE: 47I) (OTCQB: UGODF) has announced the signing of a Letter of Intent (LOI) to acquire seven mineral claims totaling approximately 273 hectares adjacent to its Kena Gold-Copper Property in southeastern British Columbia. The claims, located on the northwest side of the property, are intended to strengthen the continuity of the Kena land package and support the company's strategy of building scale across the Kena system. These claims encompass the historic Venus-Juno Group, which recorded past production of approximately 5,411 tonnes grading an average of 19.8 g/t gold and 17.7 g/t silver, with minor copper and lead. This high-grade production history underscores the exploration potential of this largely under-explored portion of the property.

Geologically, the claims are underlain by altered mafic volcanic rocks of the Elise Formation adjacent to the Nelson granodiorite intrusion—the same setting that hosts gold and copper mineralization at Kena. Mineralization is characterized by quartz veins and stringers containing pyrite, galena, sphalerite, and copper sulphides. The company plans to conduct a systematic surface evaluation program to assess the extent and continuity of gold-silver mineralization and determine its potential contribution to the broader Kena exploration model. The information in this press release has been reviewed and approved by Trevor Boyd, P.Geo., Vice President, Exploration, a Qualified Person under NI 43-101 standards.

Upside Gold Corp. is a Canadian gold-copper exploration company focused on advancing the Kena Gold-Copper Project, which hosts a historical gold resource comprising an Indicated Mineral Resource of 32.1 million tonnes at 0.544 g/t Au for 0.561 million ounces, and an Inferred Mineral Resource of 177.5 million tonnes at 0.486 g/t Au for 2.77 million ounces. The company cautions that these are historical estimates and should not be relied upon as current mineral resources. The acquisition aligns with Upside's goal of consolidating prospective ground and enhancing the project's overall value. Learn more on NEWMEDIAWIRE.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Upside Gold Signs LOI to Acquire Strategic Claims Adjacent to Kena Property

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