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Upside Gold Corp. Signs LOI For Strategic Claims Adjacent To The Kena Property

Upside Gold Corp. signed a Letter of Intent to acquire seven mineral claims (≈273 hectares) adjacent to its Kena Gold-Copper Project in southeastern British Columbia. The claims include historic Venus-Juno Crown grants with past high-grade production and sit in the same geologic setting as Kena, potentially improving continuity of the land package and exploration targeting. For markets, the LOI is a positive, early-stage development that could increase Upside’s exploration optionality and future resource upside, but it does not change current NI 43‑101‑compliant resources. Near-term impact is likely limited to the company’s equity (CSE: UG) sentiment and investor interest in gold/copper juniors rather than broader moves in the gold price (XAUUSD). The announcement emphasizes planned surface evaluation and the need for further drilling to convert historical figures into current resources.

Category

Gold

Sentiment

Bullish

Event

Corporate action

Reading time

1 min