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Kenora Mining District, Northwestern Ontario, Canada | Under Option Agreement – Due Diligence Underway
Quick Facts
- MetalQuest Mining entered into an option agreement on January 29, 2026, providing a due diligence period on the potential acquisition of a 100% interest in the West Cameron Gold Project
- Approximately 1,700 hectares (~4,200 acres) in the southern Kenora Mining District, Northwestern Ontario
- Located approximately 10 km south of Sioux Narrows and 60 km south of the City of Kenora, with year-round access via Highway 71, logging roads, and established trails
- Adjacent to the Cameron Lake claim group, which hosts a significant advanced-stage gold deposit
- Gold mineralization hosted in shear zones, quartz-carbonate veining, altered felsic intrusions, and structurally deformed rock packages
- Historical surface sampling returned gold values up to 9.18 g/t Au
Project Status: MetalQuest Mining is currently in a 40-day due diligence period on the West Cameron Gold Project under an option agreement dated January 29, 2026. The Company has not yet formally acquired the project. A subsequent news release will be issued if MetalQuest elects to proceed with the acquisition.
Project Overview
MetalQuest Mining Inc. (TSX: MQM) entered into an option agreement on January 29, 2026, providing the Company a due diligence period on the potential acquisition of a 100% interest in the West Cameron Gold Project, located in the southern portion of the Kenora Mining District, Northwestern Ontario. If MQM elects to proceed following its due diligence review, the West Cameron Gold Project would represent the Company’s formal entry into gold exploration and a significant step in its strategy to diversify its portfolio across premier Canadian mining jurisdictions.
The West Cameron Gold Project covers approximately 1,700 hectares (~4,200 acres) and benefits from excellent year-round access via Highway 71, logging roads, and established trails. The project is adjacent to the Cameron Lake claim group and sits within a structurally active corridor considered prospective for orogenic gold mineralization.
The Kenora Mining District offers established mining infrastructure, proximity to power, workforce, and service centres, and a supportive regulatory and community environment. The district is increasingly active, with growing exploration and development interest from junior, mid-tier, and senior mining companies.
Location & Access
The West Cameron Gold Project is located in Northwestern Ontario, approximately 10 km south of the town of Sioux Narrows and 60 km south of the City of Kenora. The project benefits from year-round access via Highway 71, supplemented by logging roads and established trails throughout the property.
The region is well-serviced by existing infrastructure, including hydro powerlines, highway networks, and all-weather roads, with proximity to towns and cities within established Canadian mining districts. This infrastructure foundation significantly reduces logistical complexity for future exploration and development activities.
Figure 1: Location of the West Cameron Gold Project near Sioux Narrows, Northwestern Ontario, adjacent to the Cameron Lake Property. First Mining’s Cameron Lake Gold Deposit is located approximately 12 km from the project along an all-weather access road.
Property & Ownership
The West Cameron Gold Project covers approximately 1,700 hectares (~4,200 acres) in the Kenora Mining District, Northwestern Ontario. MetalQuest Mining is currently evaluating the project under a 40-day due diligence period pursuant to an option agreement dated January 29, 2026. If the Company elects to proceed, it would earn a 100% interest in the project, subject to a 2% Net Smelter Royalty retained by the vendor.
The project has been explored intermittently by Gulf Minerals, Cunniah Lake Inc., Noranda, Endurance Gold, North American Uranium Corp., and Metals Creek Resources, building a body of historical data that informs MQM’s current due diligence review.
Regional Geology: Kenora Mining District
The Kenora Mining District is situated within the Superior Province of the Canadian Shield, one of the world’s most prolific gold-bearing geological terranes. The region is underlain by belts comprising mafic and felsic volcanic rocks, intrusive complexes, and sedimentary sequences that are widely recognized as favourable hosts for orogenic gold mineralization.
The district has historically been underexplored relative to other parts of the Ontario gold corridor but is increasingly attracting attention from exploration companies as gold prices strengthen and infrastructure in the region improves. The Kenora area benefits from established highway access, proximity to power and workforce centres, and a supportive permitting environment, making it an accessible and increasingly active exploration address.
Figure 2: Geological map of the West Cameron Gold Project showing the locations of historical grab samples above 0.5 g/t Au and an interpreted regional structural trend (Cameron Lake trend). Structural features shown are inferred based on historical mapping and geophysical interpretation and are subject to revision with additional work. Regional geological framework adapted in part from the Ontario Geological Survey, Precambrian Geology of the Kakagi–Rowan Lakes Area (Map P.3594), Ontario Ministry of Mines.
Property Geology
Gold mineralization on the West Cameron Gold Project is associated with shear zones, quartz-carbonate veining, altered felsic intrusions, and brecciated and structurally deformed host rocks, accompanied by carbonate veining and sulphide assemblages including pyrite and chalcopyrite. This style of mineralization is consistent with orogenic gold systems characteristic of the broader Kenora region.
The interpreted regional Cameron Lake fault trend is mapped as extending through the property and is considered a prospective structural feature for guiding exploration targeting. This structure forms part of a broader regional framework that includes the adjacent Cameron Lake area.
A key exploration focus is the New Porphyry intrusive unit, located entirely within the project boundary. This structurally controlled intrusion has returned anomalous gold values and supports the interpretation of a potential intrusive-related gold mineralizing system. Historical surface sampling across the property has returned gold values up to 9.18 g/t Au from sheared mafic volcanic rocks and up to 1.9 g/t Au from the New Porphyry intrusive target.
Go-Forward Plan
MetalQuest Mining is currently completing its technical due diligence review of the West Cameron Gold Project. If the Company elects to proceed with the acquisition, it plans to engage with local First Nation communities and pursue opportunities for collaborative and respectful partnerships, consistent with its commitment to responsible exploration. Further details on planned exploration programs will be provided following any decision to proceed.
Community & Indigenous Relations
If MetalQuest Mining elects to proceed with the acquisition of the West Cameron Gold Project, the Company intends to engage with local First Nation communities as part of its early-stage exploration planning. MQM is committed to transparent dialogue, respectful collaboration, and ensuring its activities align with community interests and regional expectations, consistent with its approach across all of its projects.