EDG announced that drilling has commenced at its Reliance Gold Project, with a second rig being mobilized to accelerate the 2026 program.
Phase 1 will focus on upgrading the near-surface, pit-constrained MRE to the Indicated category, expanding mineralization within the pit shell, and testing deeper high-grade extensions of the underground mineralization.
In April, EDG received $2.8M in proceeds from the exercise of 7.0M warrants and 1.65M stock options by insiders.
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