{"success":true,"data":{"pressRelease":{"id":"26435","rtpr_id":"nNFC9HWGP3","ticker":"ARGL","exchange":"","all_tickers":["ARGL"],"title":"Argyle Resources Completes Initial Option Payments and Advances 2026 Exploration Planning at McKay Hill Silver-Gold Property, Yukon","author":"Newsfile Corp","published_at":"2026-05-07T20:00:21.066Z","article_body":"Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Argyle Resources Corp.\n(CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) (\"Argyle\" or the \"Company\") is pleased\nto announce that, following receipt of approval from the Canadian Securities\nExchange (the \"CSE\"), it has completed the initial cash and share payments to\nMetallic Minerals Corp. (TSXV: MMG) (OTCQB: MMNGF) (FSE: 9MM1) (\"Metallic\")\npursuant to the previously announced option agreement dated April 14, 2026 in\nrespect of the McKay Hill property (the \"Property\"), located approximately 50\nkilometres north of the Keno Hill silver district in Yukon, Canada.\n\nThe initial payments mark the first step in the Company's planned earn-in\nprocess to acquire a 100% interest in the Property. This is subject to the\nterms of the option agreement and approval from the Canadian Securities\nExchange (the \"CSE\").\n\nJeff Stevens, Chief Executive Officer of the Company, states: \"Completing the\ninitial payment obligations marks an important step in advancing Argyle's\nYukon silver-gold strategy. McKay Hill gives us exposure to a highly\nprospective, underexplored mineralized system located approximately 50\nkilometers north of the world-class Keno Hill Silver District, in a broader\ncentral Yukon precious-metals region recognized for exceptional silver and\ngold endowment. Our team is actively designing a comprehensive 2026\nexploration program, and we look forward to updating investors as those plans\nprogress.\"\n\n(https://images.newsfilecorp.com/files/10451/296549_51bb211ec4b11948_001full.jpg)\n\nFigure 1: Map of Land Positions in the Yukon Mining Industry\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/10451/296549_51bb211ec4b11948_001full.jpg\n\nThe Company's management team, working in collaboration with the Board of\nDirectors and technical advisors, is currently designing the 2026 exploration\nprogram. The program will build on prior exploration data compiled for the\nProperty and will focus on identifying and advancing high-priority\nsilver-gold(‐copper‐lead‐zinc) mineralisation targets. Details on\nexploration scope, timelines and budget will be announced in due course.\n\nScientific and Technical Information\n\nThe scientific and technical information contained in this news release has\nbeen reviewed and approved by George Yordanov, P.Geo., a Director of the\nCompany and a \"Qualified Person\" as defined under National Instrument 43-101 -\nStandards of Disclosure for Mineral Projects (\"NI 43-101\"). Mr. Yordanov is\nnot independent of the Company within the meaning of NI 43-101.\n\nFor a discussion of the Company's QA/QC and data verification processes and\nprocedures, please see its most recently filed technical report, a copy of\nwhich is available under the Company's profile at www.sedarplus.ca.\n\nAbout Argyle Resources Corp.\n\nArgyle Resources Corp. is a junior mineral exploration company engaged in the\nacquisition, exploration, staking and evaluation of natural resource\nproperties in North America. The Company holds a 100% interest in the Pilgrim\nIslands, Matapédia, Lac Comporté and Saint Gabriel quartzite-silica projects\nin Québec, Canada, and has entered into an option agreement to acquire a 100%\ninterest in the McKay Hill silver-gold property in Yukon, Canada.\n\nFor all other inquiries:\n\nEmail: info@argyleresourcescorp.com\n\nPhone: (825) 724-0033\n\nWebsite: www.argyleresourcescorp.com\n\nForward-Looking Statements\n\nThis news release contains forward-looking statements and forward-looking\ninformation within the meaning of applicable Canadian securities laws\n(collectively, \"forward-looking statements\"). Forward-looking statements are\noften, but not always, identified by terms such as \"will\", \"may\", \"should\",\n\"anticipate\", \"expects\", \"plans\", \"intends\" and similar expressions. All\nstatements other than statements of historical fact, including, without\nlimitation, statements regarding the Company's planned 2026 exploration\nprogram at the Property, the Company's ability to satisfy future cash, share\nand exploration expenditure obligations under the option agreement, and the\ntiming and outcome of regulatory approvals, are forward-looking statements\nthat involve risks and uncertainties.\n\nMaterial factors and assumptions used to develop the forward-looking\nstatements include, but are not limited to: the Company's ability to access\nfinancing on acceptable terms; the receipt of all required regulatory and\nexchange approvals; the absence of significant changes in commodity prices,\nexchange rates and tax rates; and the accuracy of historical exploration data\non the Property. Important factors that could cause actual results to differ\nmaterially include those disclosed in the Company's filings with Canadian\nsecurities regulators, available under the Company's profile at\nwww.sedarplus.ca. Forward-looking statements speak only as of the date hereof,\nand the Company disclaims any obligation to update them, except as required by\napplicable law.\n\nNeither the Canadian Securities Exchange nor its Regulation Services Provider\n(as that term is defined in the policies of the Canadian Securities Exchange)\naccepts responsibility for the adequacy or accuracy of this news release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/296549","article_body_html":"","raw_payload":{"data":{"id":"nNFC9HWGP3","title":"Argyle Resources Completes Initial Option Payments and Advances 2026 Exploration Planning at McKay Hill Silver-Gold Property, Yukon","author":"Newsfile Corp","ticker":"ARGL","created":"2026-05-07T20:00:21.066Z","tickers":["ARGL"],"exchange":"","article_body":"Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Argyle Resources Corp.\n(CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) (\"Argyle\" or the \"Company\") is pleased\nto announce that, following receipt of approval from the Canadian Securities\nExchange (the \"CSE\"), it has completed the initial cash and share payments to\nMetallic Minerals Corp. (TSXV: MMG) (OTCQB: MMNGF) (FSE: 9MM1) (\"Metallic\")\npursuant to the previously announced option agreement dated April 14, 2026 in\nrespect of the McKay Hill property (the \"Property\"), located approximately 50\nkilometres north of the Keno Hill silver district in Yukon, Canada.\n\nThe initial payments mark the first step in the Company's planned earn-in\nprocess to acquire a 100% interest in the Property. This is subject to the\nterms of the option agreement and approval from the Canadian Securities\nExchange (the \"CSE\").\n\nJeff Stevens, Chief Executive Officer of the Company, states: \"Completing the\ninitial payment obligations marks an important step in advancing Argyle's\nYukon silver-gold strategy. McKay Hill gives us exposure to a highly\nprospective, underexplored mineralized system located approximately 50\nkilometers north of the world-class Keno Hill Silver District, in a broader\ncentral Yukon precious-metals region recognized for exceptional silver and\ngold endowment. Our team is actively designing a comprehensive 2026\nexploration program, and we look forward to updating investors as those plans\nprogress.\"\n\n(https://images.newsfilecorp.com/files/10451/296549_51bb211ec4b11948_001full.jpg)\n\nFigure 1: Map of Land Positions in the Yukon Mining Industry\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/10451/296549_51bb211ec4b11948_001full.jpg\n\nThe Company's management team, working in collaboration with the Board of\nDirectors and technical advisors, is currently designing the 2026 exploration\nprogram. The program will build on prior exploration data compiled for the\nProperty and will focus on identifying and advancing high-priority\nsilver-gold(‐copper‐lead‐zinc) mineralisation targets. Details on\nexploration scope, timelines and budget will be announced in due course.\n\nScientific and Technical Information\n\nThe scientific and technical information contained in this news release has\nbeen reviewed and approved by George Yordanov, P.Geo., a Director of the\nCompany and a \"Qualified Person\" as defined under National Instrument 43-101 -\nStandards of Disclosure for Mineral Projects (\"NI 43-101\"). Mr. Yordanov is\nnot independent of the Company within the meaning of NI 43-101.\n\nFor a discussion of the Company's QA/QC and data verification processes and\nprocedures, please see its most recently filed technical report, a copy of\nwhich is available under the Company's profile at www.sedarplus.ca.\n\nAbout Argyle Resources Corp.\n\nArgyle Resources Corp. is a junior mineral exploration company engaged in the\nacquisition, exploration, staking and evaluation of natural resource\nproperties in North America. The Company holds a 100% interest in the Pilgrim\nIslands, Matapédia, Lac Comporté and Saint Gabriel quartzite-silica projects\nin Québec, Canada, and has entered into an option agreement to acquire a 100%\ninterest in the McKay Hill silver-gold property in Yukon, Canada.\n\nFor all other inquiries:\n\nEmail: info@argyleresourcescorp.com\n\nPhone: (825) 724-0033\n\nWebsite: www.argyleresourcescorp.com\n\nForward-Looking Statements\n\nThis news release contains forward-looking statements and forward-looking\ninformation within the meaning of applicable Canadian securities laws\n(collectively, \"forward-looking statements\"). Forward-looking statements are\noften, but not always, identified by terms such as \"will\", \"may\", \"should\",\n\"anticipate\", \"expects\", \"plans\", \"intends\" and similar expressions. All\nstatements other than statements of historical fact, including, without\nlimitation, statements regarding the Company's planned 2026 exploration\nprogram at the Property, the Company's ability to satisfy future cash, share\nand exploration expenditure obligations under the option agreement, and the\ntiming and outcome of regulatory approvals, are forward-looking statements\nthat involve risks and uncertainties.\n\nMaterial factors and assumptions used to develop the forward-looking\nstatements include, but are not limited to: the Company's ability to access\nfinancing on acceptable terms; the receipt of all required regulatory and\nexchange approvals; the absence of significant changes in commodity prices,\nexchange rates and tax rates; and the accuracy of historical exploration data\non the Property. Important factors that could cause actual results to differ\nmaterially include those disclosed in the Company's filings with Canadian\nsecurities regulators, available under the Company's profile at\nwww.sedarplus.ca. Forward-looking statements speak only as of the date hereof,\nand the Company disclaims any obligation to update them, except as required by\napplicable law.\n\nNeither the Canadian Securities Exchange nor its Regulation Services Provider\n(as that term is defined in the policies of the Canadian Securities Exchange)\naccepts responsibility for the adequacy or accuracy of this news release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/296549"},"type":"article","timestamp":"2026-05-07T20:00:21.117973167Z","server_sent_at_ms":1778184021117},"received_at":"2026-05-07T20:00:21.169Z","source_url":"https://www.newsfilecorp.com/release/296549"},"analysis":null,"durationMs":null,"modelName":null}}