Sranan Gold Corp. Advances Randy’s Pit Target with Promising Assay Results
Sranan Gold Corp., a Canadian mining enterprise listed on the Canadian National Stock Exchange, has announced new assay data from its 2026 diamond drilling program focused on the Randy’s Pit target. The latest results, released on February 19 2026, extend the known gold mineralization in the area and reinforce the company’s strategy to develop its 29,000‑hectare Tapanahony Gold Project in the Yukon Territory.
Drill Program Highlights
The drilling campaign is centered on the Randy’s Pit, a zone of gold mineralization situated along the +4.5 km Poeketi Shear Zone (PSZ). The PSZ is one of several shear zones identified within the Tapanahony project. Recent drill holes—26RADD‑023, 26RADD‑021, 26RADD‑022, and 26RADD‑020—have yielded the following key intercepts:
| Hole | Interval (m) | Gold (g/t) |
|---|---|---|
| 26RADD‑023 | 30 m starting at 99 m | 0.67 g/t (12.53 g/t in a 1‑m zone at 106 m) |
| 26RADD‑021 | 4 m | 6.58 g/t (21.8 g/t in a 1‑m zone) |
| 26RADD‑022 | 20.6 m from surface | 0.64 g/t |
| 26RADD‑020 | 51 m | (data pending) |
These intercepts confirm vertical continuity of mineralization within the PSZ and demonstrate structural continuity between the northern and southern portions of Randy’s Pit. The presence of a high‑grade, narrow 1‑m interval (12.53 g/t) suggests the potential for a significant sub‑surface resource.
Implications for Sranan’s Development Strategy
Sranan’s focus on near‑surface drilling aligns with its objective to secure a viable gold resource that can be developed cost‑effectively. The new assay results strengthen the company’s case for further exploration and potentially expedite the transition from exploration to development. With the Tapanahony project encompassing multiple shear zones, continued drilling could reveal additional high‑grade targets that would enhance the project’s overall economic profile.
Market Context
As of February 19 2026, Sranan’s stock closed at CAD 0.24, with a 52‑week low of CAD 0.22 and a 52‑week high of CAD 0.66. The market cap stands at CAD 14,501,520. While the company’s share price reflects the speculative nature of junior mining ventures, the latest drilling outcomes provide fresh data that may influence future investor sentiment.
Conclusion
The latest assay results from Sranan Gold Corp.’s 2026 diamond drilling program underscore the company’s progress in expanding the Randy’s Pit target. By demonstrating vertical and structural continuity of gold mineralization, the company bolsters its exploration narrative and sets the stage for potential resource development. Investors and analysts will likely monitor subsequent drilling phases to assess the full economic viability of the Tapanahony Gold Project.
