Upside Gold Corp. (CSE: UG) listed in early January 2026 and is now focused on advancing its Kena Gold-Copper Project in southern British Columbia.
CEO Sophy Cesar described the asset as district-scale, with road access and proximity to infrastructure. The project hosts a 2021 historical resource of 3.31 million ounces of gold, including 560,000 ounces in the indicated category.
The company optioned the project after discussions that began in 2024, with the agreement signed in early 2025. Cesar noted the asset came with a substantial dataset, including roughly 39,000 metres of historical drilling. About 80% of that data has already been compiled into Upside Gold’s internal database, which should help guide near-term exploration.
Drilling Program and Path to Resource Validation
Upside Gold raised $800,000 in a recent financing, following $2.2 million raised to go public. The company plans to complete the remaining 4,000 metres of a 5,000-metre permitted drill program this year. Drilling is expected to begin in June, with results anticipated by September.
Management is targeting a compliant NI 43-101 resource estimate by year-end.
Cesar outlined a three-part approach to growing the resource. This includes new drilling, incorporating past work completed in 2021 and 2022, and factoring in additional metal credit. Silver shows a roughly 3:1 ratio to gold, while copper could provide incremental value.
The company believes this approach could increase the resource by 30% to 40%.
Notes: The author, employees, consultants, and family of eResearch may own stock positions in companies mentioned in this article, report, and/or video, and may have been paid by a company mentioned. eResearch offers no representations or warranties that any of the information contained in this article is accurate or complete. Content on eresearch.com is provided for general informational purposes only and does not constitute financial, investment, tax, legal, or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this information should consult with a financial advisor. The article may contain “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements are based on the opinions and assumptions of the Company’s management as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein. Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate, and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Please read eResearch’s full disclaimer.
