Upside Gold to Expand Kena Gold-Copper Property with New Acquisition
CALGARY, Alberta — April 27, 2026 — Leads & Copy —
Upside Gold Corp. has announced the signing of a Letter of Intent (LOI) to acquire seven mineral claims, strengthening its Kena Gold-Copper Property in southeastern British Columbia. The claims cover approximately 273 hectares on the northwest side of the existing property.
The proposed acquisition aims to consolidate adjacent ground along a promising trend, encompassing historically mineralized areas. This move aligns with Upside Gold’s strategy to expand its scale across the Kena system.
The acquired claims include the original six reverted Crown grants that formed the historic Venus-Juno Group. This group previously produced approximately 5,411 tonnes grading an average of 19.8 g/t gold and 17.7 g/t silver, with minor copper and lead, during the first half of the 20th century.
According to the company, the historical high-grade production supports the presence of mineralization within the broader district and reinforces the exploration potential of this under-explored portion of the property.
Geologically, the claims are situated on altered mafic volcanic rocks of the Elise Formation, adjacent to the Nelson granodiorite intrusion. This geological setting mirrors the conditions that host gold and copper mineralization at Kena.
Mineralization on the newly acquired claims is characterized by quartz veins and stringers containing pyrite, galena, sphalerite, and copper sulphides. These characteristics are consistent with mineralization styles observed elsewhere across the Kena Property.
Upside Gold Corp. plans to conduct a systematic surface evaluation program to assess the extent and continuity of gold-silver mineralization across the newly acquired claims. The program aims to determine the claims’ potential contribution to the broader Kena exploration model.
Trevor Boyd, P.Geo., Vice President, Exploration of Upside Gold Corp., and a Qualified Person under NI 43-101 standards, reviewed and approved the technical information in the press release.
Upside Gold Corp. is a Canadian gold-copper exploration company focused on acquiring a 100% interest in the Kena Gold-Copper Project, located approximately 7 kilometers southwest of Nelson, British Columbia. The Kena Project comprises 198 mineral claims covering 10,114.8 hectares, along with 11 crown grants covering approximately 92 hectares.
The company is focused on advancing the Kena Gold-Copper Project through systematic exploration and drilling programs. The Kena Project hosts a historical gold resource comprising an Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold, and an Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77 million ounces of gold. The historical resource estimate is disclosed in the technical report entitled “NI 43-101 Resource Estimate for the Kena and Daylight Properties” prepared by Sue Bird, P.Eng. of Moose Mountain Technical Services, dated May 3, 2021, and filed on SEDAR on behalf of West Mining Corp.
The company notes that a Qualified Person, as defined by National Instrument 43-101, has not done sufficient work to classify the historical estimate as current mineral resources, and Upside Gold Corp. is not treating the historical estimate as current mineral resources. The historical estimate is provided for information purposes only and should not be relied upon.
To upgrade the historical estimate as a current mineral resource additional drilling needs to be completed. The historical estimate uses the categories set out in section 1.2 of the NI-43-101. The parameters and assumptions used are outlined in Bird 2021 and are provided as follows:
1. Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Practices Guidelines.
2. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
3. The Mineral Resource has been confined by a “reasonable prospects of eventual economic extraction” pit using the following assumptions: US $2,000/oz. Au at a currency exchange rate of 0.77 US$ per $CDN; 99.95% payable Au; $4.30/oz Au offsite costs (refining, transport and insurance); a 3% NSR royalty; and uses a 88% metallurgical recovery for gold.
4. Pit slope angles are assumed at 45º.
5. The specific gravity of the deposit has been assigned as 2.8 based on sg measurements in the Kena deposit.
Source: Upside Gold Corp.
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