12:49 PM EST, 03/03/2025 (MT Newswires) -- ONGold Resources ( ONGRF ) on Monday said it identified five high-priority zones targeting gold mineralization at the Monument Bay Gold project in northeastern Manitoba it recently bought from Agnico Eagle Mines ( AEM ) .

The company believes that the Ankerite/Gold Pond area, the AZ Zone/Central Zone area, and Monument Bay Deposit West Extension are the highest priority areas having the highest potential to discover new gold resources. The other two areas of priority are the newly discovered Central Zone and Gold Ridge along the Stull-Wunnummin Fault/Deformation Zone.

"These zones represent significant potential for expanding our gold resource, and our integrated approach - leveraging modern exploration techniques coordinated with Red Sucker Lake First Nation - positions us well to unlock new value in 2025," said ONGold Chief Executive Kyle Stanfield.

Shares of the company were last seen down $0.04 to $0.46 on the TSX Venture Exchange.

Price: 0.46, Change: -0.04, Percent Change: -8.00