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Red Metal Resources Ltd. (CSE: RMES,OTC:RMESF) (OTC Pink: RMESF) (FSE: I660) (‘Red Metal’ or the ‘Company’) is pleased to announce it has commenced a detailed LiDAR (Light Detection and Ranging) survey over the Carrizal property, focusing on the Farellon Project.

Highlights

  • Data collection is expected to be completed between February 2nd and 8th.
  • LiDAR provides high-resolution, three-dimensional maps of surface features at cm scale resolution. It operates by emitting laser pulses toward the ground from an aircraft or a drone and measuring the time it takes for the pulses to return after reflecting off the surface. Applying hillshading at multiple angles to the data reveals structural lineaments and offsets that are not visible in satellite imagery, giving a clear vision of the tectonic framework.
  • The LiDAR survey over the Farellon portion of the Carrizal Property will be used to aid in extending vein hosting structures out from mapped extents, identify historic workings that have been filled over time and are no longer obvious at surface or through satellite imagery, conduct detailed geological contact mapping, and identify any subtle structures with potential to be pathways for mineralization.

Prior surface work on the Carrizal Property identified distinct mineralization zonation. The South Theresa and Armonia veins in the southeast of the project show a higher gold-to-copper ratio compared to the Farellon and Gorda veins in the west (Figures 1 & 2). The LiDAR data, combined with existing extensive surface sampling and mapping, will be instrumental in developing high-priority drill targets for future drilling.

Red Metal Resources President and CEO, Caitlin Jeffs, stated: ‘Utilizing high-resolution LiDAR allows us to identify historic workings and subtle structural pathways that satellite imagery simply cannot catch. This is a cost-effective way to develop better targets focusing on the most promising gold and copper zones identified in our recent surface programs.’

The LiDAR survey will be flown over 1,293 hectares using a DJI Matrice 300 + LiDAR L2 scanner used by Red Rock SpA.

Figure 1: Historic gold surface samples with proven and inferred mapped veins

To view an enhanced version of this graphic, please visit:
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Figure 2: Historic copper surface samples with proven and inferred mapped veins

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/282668_0de75dde244b2ad1_002full.jpg

Highlights of surface sampling on the Farellon Property, including samples taken in 1996, 2012, 2022 and 2025.

Table 1: Grab Sample Highlights (1)(2)

Easting
UTM
Northing
UTM
Year
Sampled
CuT %
Total Cu
Au g/t
315582 6891342 1996 9.99 0.8
313429 6891457 1996 8.73 0.5
311948 6890653 1996 6.15 0.5
311278 6891037 1996 6.15 0.5
311113 6889560 1996 1.27 13.5
308110 6893340 1996 1.74 12.1
308019 6893061 1996 1.48 10.4
308868 6885882 1996 4.23 9.7
310652 6889237 1996 3.94 9.4
308040 6892737 1996 1.06 7.9
310281 6889013 1996 2.25 7.4
308351 6885794 1996 3.00 5.5
307880 6892676 1996 1.12 5.2
308208 6893642 1996 0.69 4.7
310281 6889013 1996 1.46 4.2
308006 6893075 1996 1.98 3.9
308838 6887625 1996 1.89 3.7
309888 6889743 2012 5.78 0.1
309490 6888943 2022 6.26 1.7
310916 6891077 2022 5.77 0.1
310082 6888543 2022 3.70 4.9
309800 6888323 2022 4.59 3.4
310602 6888689 2025 17.25 5.0
310368 6889189 2025 8.00 0.7
309378 6888671 2025 7.23 1.9

 

(1) Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2) This table represents a selection of highlights including 25 samples out of 422 samples taken.

Qualified Person

The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person (‘QP’) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Red Metal Resources Ltd.

Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company’s portfolio of projects includes seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totalling over 4,546 hectares, located in Ville Marie, Quebec and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.

For more information, visit www.redmetalresources.com

Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com

Forward-Looking Statements – All statements in this press release, other than statements of historical fact, are ‘forward-looking information’ within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal’s public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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(TheNewswire)

The Company is also granting, subject to TSXV approval, 2,170,000 incentive stock options to directors, officers and consultants of the Company.  These Options will be valid for three years and will vest immediately.  All Options granted herein shall have an exercise price of $0.20.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

 

Copyright (c) 2026 TheNewswire – All rights reserved.

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SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies owned by Elon Musk.

Musk in a news release said that the combination would aim to pursue AI data centers in outer space.

The deal comes on the verge of SpaceX’s highly anticipated initial public offering, which is expected to occur later this year.

The deal creates ‘the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform,’ Musk said in a statement.

The combined company will become the world’s most valuable private company, worth more than $1.2 trillion, Bloomberg News reported. NBC News has not been able to verify the valuation, and the companies did not respond to requests for comment.

Musk went on to say that space would be a crucial avenue for building advanced artificial intelligence.

‘In the long term, space-based AI is obviously the only way to scale,’ Musk wrote. ‘The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space.’

Musk also offered an ambitious timeline for starting to develop AI from space. He’s failed to meet many of the previous goals he set for his companies.

“My estimate is that within 2 to 3 years, the lowest cost way to generate AI compute will be in space,” he wrote in Monday’s news release.

SpaceX already conducts rocket tests using reusable parts, provides cellular phone and data services to T-Mobile customers, and is working with NASA to return humans to the moon in the near future.

Meanwhile, xAI, Musk’s bid to get in on the AI boom, has reportedly soared to a more than $200 billion valuation. Along the way, the company and its AI bot, Grok, have drawn criticism. Recently, the company limited its image generation technology after users said it was creating sexualized deepfakes. A number of state attorneys general and the European Union are investigating the company.

Musk’s companies have often been intertwined, but Monday’s deal brings them even closer together. Another one of Musk’s companies, Tesla, has invested in xAI and uses some of its technology.

Musk merged his social media site X with xAI in early 2025, but the tie-up between xAI and SpaceX marks the largest combination to date of Musk’s vast business projects.

Founded in 2002, SpaceX has helped catapult Musk to the ranking of richest person in the world, with a net worth of more than $670 billion. The company has quickly become a critical supplier of satellite-based internet around the world, with more than 9,000 satellites orbiting Earth, used by both consumers and governments. SpaceX also holds multiple NASA contracts.

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Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the seventh batch of results from the 100,000-m drilling program (2 drill rigs), for the Contact Sector and more precisely, the North Contact Zone (″ NCZ ″) and its east extension, on the 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The NCZ consists of three parallel high-grade gold zones: NC1, NC2 and NC3, spaced approximately 50 m apart.

Strategic Highlights from Contact Sector

Drill Hole Results (Figures 1 to 4)
NCZ East Extension

  • CA25-559 intersected 54.6 g/t Au over 1.0 m including 85.1 g/t Au over 0.5 m (NC1 Zone).
  • CA25-558 graded 4.4 g/t Au over 6.0 m including 23.2 g/t Au over 1.0 m (NC3 Zone).
  • CA25-557 reported 7.5 g/t Au over 0.5 m (NC3 Zone).

NCZ

  • CA25-554 intersected 1.5 g/t Au over 15.5 m (NC3 Zone).
  • CA25-547 graded 1.2 g/t Au over 13.2 m (NC3 Zone).
  • CA25-552 reported 1.0 g/t Au over 10.5 m (NC3 Zone).

Significance for Investors

  • Holes CA25-557, 558 and 559 discovered high-grade gold zones 500 metres along eastern strike extension of the NC1 and NC3 gold zones, significantly expands the North Contact main mineralized system. These new results, consistently associated with visible gold grains and sulphides, demonstrate the gold-fertile and robust geological continuity of the Contact Sector.
  • Holes CA25-547, 552 and 554 confirmed NCZ extends to surface and remains open at depth, supporting the potential for shallow development scenarios and significant resource expansion. The NCZ represents an extensive and large mineralized gold system (400 m in strike length by 300 m in depth), comprised of multiple stacked gold zones with significant grades, widths and continuity.
  • The combination of exposed bedrock, minimal overburden (5 m) and proximity to year-round road access (250 m) positions Contact Sector as a highly strategic asset for more flexible operating scenarios and further improving the project economics.

Next Steps

  • Further expansion drilling is planned to expand NCZ gold mineralization at depth (300-600 m), connect footprint of NCZ and its eastern extensions and determine gold enrichment with the primary objective of upgrading the mineral resource estimate.
  • Additional exploration drilling is required to test several new high-priority regional targets along strike of the Contact Sector and the Héva Fault Zone, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting.

This discovery and results conclude what was planned at the Contact Sector of the current 100,000-meter program. Obviously, we’re convinced of the high gold potential of this segment of the Héva Fault and we are actively working to increase the current drilling program to 250,000 metres. The Contact Sector will no doubt receive focussed attention. This expanded campaign is designed to unlock maximum shareholder value and demonstrate the Cadillac Project’s potential as a mining camp scale. ‘ – Philippe Cloutier, President and CEO of Cartier.

The North Contact Zone, its new eastern extensions and the systematic presence of visible gold grains over 1 km of the Héva Fault Zone highlights the strength and scale of the gold system. This newly identified fault is rapidly becoming a highly growth opportunity for the Cadillac project and defined by numerous untested geophysical anomalies over 5 km, readily accessible, providing huge upside potential for making gold discoveries. Our team is currently designing the add-on drill program to ready timely execution and strong results for shareholders. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Table 1: Drill hole best assay results from Contact Sector

Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA25-547 105.8 119.0 13.2 1.2 ≈100 NC3
CA25-552 77.5 88.0 10.5 1.0 ≈60 NC3
CA25-554 100.5 116.0 15.5 1.5 ≈100 NC3
CA25-557 105.1 105.6 0.5 7.5* ≈90 NC3
CA25-558 188.0 194.0 6.0 4.4 ≈190 NC3
Including  193.0 194.0 1.0 23.2
CA25-559 128.5 129.5 1.0 54.6* ≈120 NC1
Including  128.5 129.0 0.5 24.1*
Including  129.0 129.5 0.5 85.1*

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-75% of the reported core length intervals.

Figure 1: Location of the new drill results (regional plan view)

Figure 2: Location of the new drill results (regional longitudinal section)

Figure 3: Plan view, cross and long sections of the Contact Sector

Figure 4: Photos of the drill core from holes CA25-558 and CA25-559

Contact Sector

The Contact Sector is a highly prospective area featuring the North Contact Zone with inferred resources of 136,700 ounces (2.1 million tonnes at 2.0 g/t Au) and several newly defined high-priority drill targets.

The NCZ lies along an east-west trending, strongly sheared corridor (Héva Fault Zone), situated approximately 900 m north of the Cadillac Fault Zone, and occurs at the contact between the hanging wall mafic to intermediate volcanics (basalt to andesite) of Louvicourt Group and the footwall turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The NCZ, defined by at least three parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as sphalerite, galena and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Preliminary Economic Assessment (2026)

Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

Table 2: Drill hole collar coordinates from Contact Sector

Hole Number UTM Easting (m) UTM Northing (m) Elevation (m) Azimuth (°) Dip (°) Hole Length (m)
CA25-545 335648 5320072 361 196 -45 120
CA25-547 335648 5320072 361 155 -67 162
CA25-552 335719 5320054 359 221 -45 120
CA25-553 335719 5320054 359 159 -48 120
CA25-554 335719 5320054 359 181 -76 145
CA25-557 336287 5319982 362 222 -58 177
CA25-558 336287 5319982 362 156 -83 261
CA25-559 336365 5320013 363 174 -70 240
CA25-560 336365 5320013 363 157 -45 180

Table 3: Drill hole detailed assay results from Contact Sector

Hole Number From (m) To (m) Core Length* (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA25-545 71.0 90.6 19.6 0.7 ≈50 NC3
Including  71.0 72.0 1.0 1.0
Including  72.0 73.0 1.0 2.2
Including  74.0 75.0 1.0 2.4
Including  85.0 86.0 1.0 4.1
Including  86.0 87.0 1.0 1.3
Including  89.5 90.6 1.0 1.1
CA25-547 105.8 119.0 13.2 1.2 ≈100 NC3
Including  105.8 106.7 0.9 2.8
Including  106.7 108.0 1.3 1.7
Including  110.0 111.0 1.0 5.6
Including  112.0 113.0 1.0 1.5
Including  116.0 116.5 0.5 1.7
And  131.0 131.7 0.7 5.1 ≈120
CA25-552 35.3 37.0 1.7 3.2 ≈25 NC1
Including  35.3 36.0 0.7 1.6
Including  36.0 37.0 1.0 4.3
And  77.5 88.0 10.5 1.0 ≈60 NC3
Including  77.5 78.5 1.0 2.2
Including  80.0 80.5 0.5 6.0
Including  81.5 82.5 1.0 1.7
Including  83.5 84.0 0.5 1.0
Including  87.0 88.0 1.0 1.0
CA25-553 32.9 33.4 0.5 1.4 ≈25 NC2
And  66.8 67.3 0.5 1.3 ≈50 NC3
And  80.7 81.8 1.1 4.2 ≈60
CA25-554 100.5 116.0 15.5 1.5 ≈100 NC3
Including  100.5 101.2 0.7 3.6
Including  101.2 102.0 0.8 2.4
Including  102.0 103.0 1.0 2.0
Including  104.0 105.0 1.0 2.2
Including  105.0 106.0 1.0 3.8
Including  107.0 108.0 1.0 2.4
Including  113.0 114.0 1.0 1.3
Including  115.0 116.0 1.0 3.5
And  120.0 121.0 1.0 1.3 ≈115
CA25-557 34.0 35.0 1.0 2.8 ≈30 NC1
And  105.1 105.6 0.5 7.5* ≈90 NC3
And  112.0 113.0 1.0 1.0 ≈95
And  131.0 132.0 1.0 1.9 ≈110
CA25-558 148.0 149.0 1.0 1.7 ≈150 NC2
And  188.0 194.0 6.0 4.4 ≈190 NC3
Including  188.0 189.0 1.0 1.9
Including  189.0 190.0 1.0 1.0
Including  193.0 194.0 1.0 23.2
CA25-559 128.5 129.5 1.0 54.6* ≈120 NC1
Including  128.5 129.0 0.5 24.1*
Including  129.0 129.5 0.5 85.1*
CA25-560 147.0 148.0 1.0 3.2 ≈100 NC3

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-75% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″ NI 43-101 ″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all the sectors. Please see the ″ NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d’Or, Abitibi, Quebec, Canada. Pierre-Luc Richard, P.Geo. of PLR Resources Inc., Stephen Coates, P.Eng. of Evomine Consulting Inc. and Florent Baril, P.Eng. of Bumigeme Inc. ″, effective January 27, 2026.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/96974a1b-a4b1-4998-b693-c7861a904fd3

https://www.globenewswire.com/NewsRoom/AttachmentNg/6a3dd0d6-8fb1-45fb-ae5a-7f3122c27921

https://www.globenewswire.com/NewsRoom/AttachmentNg/3070290b-fb85-4fb5-81ba-27a456d7df6e

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TORONTO, ON / ACCESS Newswire / February 3, 2026 / Lahontan Gold Corp. (TSXV:LG,OTC:LGCXF)(OTCQB:LGCXF)(FSE:Y2F) (the ‘Company‘ or ‘Lahontan‘) is pleased to announce that the Company has retained RESPEC Company LLC (‘RESPEC’) and Kappes, Cassiday & Associates (‘KCA’) to update the Santa Fe Mine Project Technical Report, including a new Mineral Resource Estimate (‘MRE’) and Preliminary Economic Assessment (‘PEA’). The updated MRE will incorporate all drilling completed since October 2024, and utilize new metallurgical data, mining costs, and revised gold and silver prices to design conceptual pit shells to constrain the MRE. Once the MRE is completed, the team will then focus on developing a revised PEA which should reflect the impact of the new technical data as well as metal prices. It is expected that the MRE should be completed in the coming months, with the PEA expected in Q2 2026.

Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented: ‘Lahontan is excited to begin the process of updating the Santa Fe Mine MRE and PEA. Not only do we have additional drilling to incorporate into the MRE, but also a revised and very detailed three-dimensional geologic model, which will greatly aid gold and silver grade interpolation. Combined with new metallurgical data and upward trending metal prices, we look forward to an updated MRE. The PEA process is vital to Lahontan as it creates an operational model that can be used to evaluate multiple mining scenarios over a range of metal prices that in turn, will provide key data, i.e. process plant throughput, waste rock tonnages, etc., that will be used in our mine permitting program.’

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a ‘Qualified Person’ as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann
Founder, CEO, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

SOURCE: Lahontan Gold Corp

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Enterprise-Grade Global Event Platform Now Supports International In-Person Delivery for Distributed Teams

TORONTO, ON / ACCESS Newswire / February 3, 2026 / Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR)(FSE:1SS), an AI-first technology company focused on immersive enterprise event technology, employee engagement, and global experiential solutions, today announced a major expansion of its Krafty Lab platform with international in-person delivery now live and the signing of a a Tier 1enterprise starter agreement with a multinational universal bank and financial services company, validating demand for centralized, scalable enterprise engagement solutions.

This milestone positions Krafty Lab as a globally scalable enterprise engagement platform, purpose-built to support distributed workforces, multinational corporations, and cross-border team building programs through a centralized, turnkey delivery model.

Tier

Investment

Universal Perks & AI-Driven Incentives

Tier 1: Starter

$25K-$50K

Standard 1:1 pricing; access to all Nextech AI platforms & reporting.

Tier 2: Growth

$75K-$150K

Bonus Credits; Priority scheduling; Quarterly strategic planning.

Tier 3: Enterprise

$250K+

Larger Bonus Credits; Dedicated Success Manager; Custom AI reporting.

Global In-Person Enterprise Event Delivery Now Live

Krafty Lab has successfully launched international in-person enterprise event execution, enabling global organizations to deliver consistent, high-quality employee engagement experiences across multiple countries through a single vendor and operating framework.

A recent anchor deployment in São Paulo, Brazil validates the platform’s ability to execute enterprise-grade experiences across borders while maintaining standardized quality, reporting, and operational oversight.

Learn more about Krafty Lab’s global offerings at:
https://www.kraftylab.com

End-to-End International Delivery Model

Krafty Lab’s operational model is designed specifically for enterprise clients seeking scalable, repeatable, and measurable engagement programs. International delivery includes:

  • Pre-event planning and program design

  • Global logistics coordination and material shipment

  • On-site setup, facilitation, and instruction

  • Post-event reporting and engagement summaries

This end-to-end approach eliminates the need for enterprises to manage multiple local vendors, reducing complexity while increasing execution consistency across regions.

Multi-Format Enterprise Programming for Distributed Teams

Krafty Lab offers a broad catalog of in-person experiential formats commonly used in enterprise environments, including:

  • Music Bingo and interactive game formats

  • Trivia and competitive team challenges

  • Creative workshops such as art and candle making

  • Customizable culture-building and collaboration programs

These formats are deployed across employee engagement initiatives, leadership offsites, sales kickoffs, onboarding programs, and global team activations, supporting organizations with hybrid and fully distributed workforces.

Explore the full enterprise experience catalog at:
https://www.kraftylab.com

New Enterprise Agreement Signals Immediate Global Traction

Nextech3D.ai also announced that Krafty Lab has signed a Tier 1 enterprise starter agreement with a multinational universal bank and financial services company, validating demand for centralized, scalable enterprise engagement solutions.

The pilot includes three in-person events across three countries, with a planned global rollout in Q3 2026, positioning Krafty Lab for potential expansion into multi-region, long-term enterprise contracts.

This agreement reinforces a growing trend among large organizations seeking global employee engagement platforms that can support international teams without sacrificing consistency, data visibility, or operational control.

Krafty Lab Strengthens Nextech3D.ai’s Enterprise Event Technology Platform

Krafty Lab operates as a key pillar within Nextech3D.ai’s expanding enterprise event technology ecosystem, alongside:

  • Eventdex – enterprise registration, ticketing, and attendee management

  • MapD – interactive floor plans and spatial event intelligence

Together, these platforms support enterprise-scale events, employee engagement programs, and global experiential initiatives through an increasingly unified software and services stack.

Learn more about Nextech3D.ai’s enterprise platform strategy at:
https://www.nextechar.com

‘This enterprise agreement and global delivery expansion represent an important inflection point for Krafty Lab,’ said Evan Gappelberg, CEO of Nextech3D.ai. ‘Large organizations are actively consolidating vendors and looking for scalable, global solutions to engage distributed teams. Krafty Lab is now positioned to serve enterprise customers worldwide with a proven, repeatable delivery model.’

About Nextech3D.ai

Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR,OTC:NEXCF)(FSE:1SS) is an AI-powered technology company specializing in AI event solutions, enterprise engagement platforms, 3D modeling, and spatial computing. Through its Eventdex, Map D, and Krafty Labs platforms, the Company provides registration, ticketing, interactive floor plans, engagement tools, and analytics for virtual, hybrid, and in-person events serving Fortune 500 enterprise customers worldwide.

Website: Nextech3D.ai

Investor Relations: investors@nextechar.com

Evan Gappelberg / CEO and Director866-ARITIZE (274-8493)

Forward-Looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities law.

SOURCE: Nextech3D.ai Corp

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AmeriTrust’s platform is the first to deliver side-by-side loan and lease decisions from a single retail application, with live-inventory calculators that enable lower payments on shorter terms.

AmeriTrust Financial, an independent automotive finance company, today announced the launch of a fintech-driven lending platform designed to expand used-car leasing for franchised and large independent dealers nationwide. Backed by institutional investors and a group of billionaires, the company is scaling rapidly across the continental United States. AmeriTrust is currently the only independent lender that offers used-car leasing at a national level.

Dealers can submit a single retail loan application to AmeriTrust and receive side-by-side decisions for both a loan and a lease. AmeriTrust’s technology automatically converts the application for lease structuring, helping dealers offer leasing without added paperwork or specialized calculations. Through used-car leasing, dealers can advertise lower monthly payments without extending loan terms.

‘With grocery bills up and used-car prices still high, consumers need a better path to affordability than simply stretching loan terms,’ said Jeff Morgan, CEO of AmeriTrust Financial and former national lease partner to Tesla. ‘While extending terms can reduce payments, it also increases negative equity and default risk. Used-car leasing is a smarter alternative — and today, only a handful of OEMs provide used-vehicle lease options at scale, leaving a significant gap in the market.’

In addition to side-by-side loan and lease decisions, AmeriTrust also offers:

  • Pre-filled contract and title documentation: AmeriTrust automatically pre-fills all contract paperwork, including title applications and other state-specific forms, helping dealers avoid errors that can delay funding, require re-contracting, or even jeopardize the sale.
  • Leases for every type of driver and credit tier: From leases with no mileage and wear-and-tear penalties to options for subprime credit, AmeriTrust offers multiple used-car lease structures designed to approve as many customers as possible.
  • Payment calculators tied to real-time inventory: At no cost, dealers can connect their inventory to AmeriTrust’s portal and generate loan and lease payments that reflect actual deal terms, not estimates. While a customer is in-store, dealers can compare vehicles across terms, lease types and credit tiers to find the best fit.
  • Exceptionally fast decisioning and funding: Dealers receive decisions within minutes, and most contracts are funded the same day.
  • Free dealer lease training: AmeriTrust will host Q&A sessions and training resources to help dealers understand the nuances of used-car leasing, so they can present lease options to customers with confidence.

‘Leasing makes up 25 percent of the auto finance market for new vehicles,’ Morgan said. ‘But while the used-vehicle market is roughly three times larger, leasing accounts for only about 3 percent of used vehicle financing — and much of that is still tied to OEM certified pre-owned programs. As an independent lender, we have the flexibility to lease any make or model, certified pre-owned or not. The growth opportunity is enormous, and the market is underserved. AmeriTrust is scaling quickly to close that gap.’

In response to this market demand, AmeriTrust Financial attracted investment over the past year from institutional investors and multiple billionaires through its parent company, AmeriTrust Financial Technologies Inc. (TSXV: AMT,OTC:AMTFF)(OTCQB: AMTFF)(Frankfurt:1ZVA). AmeriTrust Financial currently operates in 28 states, with plans to expand across the entire continental United States over the next several months.

To sign up with AmeriTrust, franchised and large independent dealers should call 1-800-600-6872. Approved dealers can submit loan applications through DealerTrack, RouteOne or AmeriTrust’s proprietary portal.

About AmeriTrust Financial

Based in Fort Worth, Texas, AmeriTrust Financial provides new- and used-car loans and leases through franchised and large independent dealers across the United States. The company’s lending technology delivers side-by-side loan and lease decisions from a single retail loan application. AmeriTrust Financial is owned by AmeriTrust Financial Technologies Inc. For more information, visit www.ameritrustfinancial.com .

About AmeriTrust Financial Technologies Inc.

AmeriTrust Financial Technologies Inc., listed on the TSXV, OTCQB, and Frankfurt markets, is a finance solution and fintech provider disrupting the automotive industry. AmeriTrust’s integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. AmeriTrust’s platform is being made available across the United States. For more information, visit www.ameritrust.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20260203748930/en/

Media Contact:
Jessica Satterfield-Reyna
The Satterfield Agency LLC
(972) 841-1577
jessica@thesatterfieldagency.com

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Tartisan Nickel Corp. (CSE: TN,OTC:TTSRF) (OTCQB: TTSRF) (FSE: 8TA) (‘Tartisan’, or the ‘Company’) is pleased to provide an update for the Company’s flagship Kenbridge Nickel-Coppet-Cobalt Project located near Sioux Narrows, Northwestern Ontario. The drill program is designed to test the on strike and down dip potential for additional nickel sulphide mineralization to enhance the size and grade of the Kenbridge Deposit.

The drill rig was mobilized to the Kenbridge site in December 2025 and is currently operating. A total of 2,100m of drilling has been completed to date. The first 3 drill targets have been completed (drill holes KB26-207, KB26-208 and KB26-209 outlined on Figure 1). Samples have been delivered to AGAT Labs in Calgary for analysis. The drill rig is currently drilling the 4th drill hole KB26-210. This hole is designed to be drilled below the existing shaft bottom to test for the depth extension to the deposit.

Reported in this release are the results from the first infill drill hole KB26-207. Results from the hole confirm both A and B zones were intersected as outlined in the table below. Zone A was intersected from 493.0m to 503.7m drill depth and returned 1.58% Ni, 0.79% Cu over 10.7 metres including 5.0 metres of 3.02% Ni, 1.48% Cu. Zone B was intersected from 532.4m to 541.5m drill depth. Results were 0.58% Ni, 0.20% Cu over 9.1 metres including 1.2 metres of 2.04% Ni, 0.38% Cu.

Fig 1: Long section of Kenbridge deposit showing drilling targets. Completed or holes in progress are outlined in red circles.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1492/282493_15303188342bb8be_002full.jpg

Tartisan CEO Mark Appleby states, ‘The Phase 1 2026 drill program is well underway and will test targets to upgrade inferred resources into the measured and indicated categories as well as look to expand the deposit down dip of the existing resource.’

The Kenbridge Property is in the Kenora Mining District, Sioux Narrows, Ontario, Canada with all-season road access. The Kenbridge Deposit has an existing shaft to a depth of 2,042 ft (622 m), with level stations at 150 ft. (45 m) intervals below the shaft collar and two levels developed at 350 ft (107 m) and 500 ft (152 m) below the shaft collar.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Dean MacEachern, P. Geo., is an Independent Consultant to the Company and a Qualified Person as defined by NI 43-101.

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company which owns, the Kenbridge Nickel Project near Sioux Narrows, Northwestern Ontario, the Sill Lake Silver Project near Sault Ste. Marie, Ontario as well as the Night Danger Turtle Pond Project near Dryden, Ontario.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN,OTC:TTSRF) (OTCQB: TTSRF) (FSE: 8TA). Currently, there are 152,215,641 shares issued and outstanding (156,287,356 fully diluted).

For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company’s website at www.tartisannickel.com or on SEDAR at www.sedarplus.ca.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (‘New Found Gold’ or the ‘Company’) is pleased to announce additional results from grade control drilling at the Keats zone (‘Keats’) excavation in the AFZ Core (‘AFZC’), completed as part of the Company’s 2025 drill program on its 100%-owned Queensway Gold Project (‘Queensway’ or the ‘Project’) in Newfoundland and Labrador, Canada.

Keats excavation grade control drill program highlights include:

  • 508 g/t Au1 over 2.20 m2 from 16.80 m (NFGC-25-GC-024)
  • 113 g/t Au over 3.75 m from 11.90 m (NFGC-25-GC-025)
  • 9.29 g/t Au over 37.60 m from 12.00 m (NFGC-25-GC-027)
  • 27.0 g/t Au over 10.00 m from 0.00 m (NFGC-25-GC-033)
  • 31.5 g/t Au over 6.10 m from 0.60 m (NFGC-25-GC-021)
  • 17.2 g/t Au over 9.05 m from 2.70 m (NFGC-25-GC-042)
  • 24.5 g/t Au over 6.35 m from 24.65 m (NFGC-25-GC-031)
  • 7.33 g/t Au over 19.80 m from 4.70 m (NFGC-25-GC-026)
  • 3.75 g/t Au over 21.40 m from 0.10 m (NFGC-25-GC-035)

Melissa Render, President of New Found Gold, stated: ‘Building on the initial Keats zone grade control drill results released in late 2025, these new results continue to demonstrate the high-grade tenor of this zone. The 5 by 5 metre spaced drilling is confirming strong continuity of gold mineralization occurring at or within a few metres of surface. We look forward to updating the market with the results of the remaining 2025 grade control drilling from both Keats and the Iceberg zone when available.’

Work Summary

The results presented in this release include 1,230 m of drilling in 36 diamond drill holes (‘DDH‘) from the 2025 Keats excavation grade control drill program (‘KEGCDP‘; Figures 1 to 3). The KEGCDP was designed to improve confidence in the distribution of high-grade, near-surface gold mineralization and support mine planning as outlined in the Preliminary Economic Assessment (‘PEA‘) Phase 1 open pits (see the New Found Gold press release dated July 21 2025). Drill highlights, along with detailed results for these 36 DDH, are provided in Tables 1 to 3 below.

The full KEGCDP comprises 84 DDH totalling 2,773 m; a total of 1,866 m in 52 DDH, or 62% of results have been reported to date, including 36 DDH in this release and an initial 16 DDH in the Company’s press release dated December 1, 2025. Remaining results will be reported as they become available.

Figure 1: Plan view map of the AFZC with location of Keats and Iceberg excavation
grade control drill programs.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7337/282330_77041155f49168ec_001full.jpg

  • Keats excavation grade control drill program highlights (this press release):
    • 508 g/t Au over 2.20 m from 16.80 m (NFGC-25-GC-024)
    • 113 g/t Au over 3.75 m from 11.90 m (NFGC-25-GC-025)
    • 9.29 g/t Au over 37.60 m from 12.00 m (NFGC-25-GC-027)
    • 27.0 g/t Au over 10.00 m from 0.00 m (NFGC-25-GC-033)
    • 31.5 g/t Au over 6.10 m from 0.60 m (NFGC-25-GC-021)
    • 17.2 g/t Au over 9.05 m from 2.70 m (NFGC-25-GC-042)
    • 24.5 g/t Au over 6.35 m from 24.65 m (NFGC-25-GC-031)
    • 7.33 g/t Au over 19.80 m from 4.70 m (NFGC-25-GC-026)
    • 3.75 g/t Au over 21.40 m from 0.10 m (NFGC-25-GC-035)
    • 10.6 g/t Au over 6.60 m from 0.10 m (NFGC-25-GC-022)
    • 9.94 g/t Au over 6.95 m from 0.70 m (NFGC-25-GC-030)
    • 4.87 g/t Au over 10.55 m from 22.45 m (NFGC-25-GC-039)
    • 3.37 g/t Au over 12.20 m from 0.55 m (NFGC-25-GC-017)
    • 2.27 g/t Au over 16.35 m from 21.85 m (NFGC-25-GC-057)
    • 1.45 g/t Au over 23.55 m from 8.05 m (NFGC-25-GC-032)
    • 2.12 g/t Au over 13.75 m from 7.20 m (NFGC-25-GC-028)
    • 1.52 g/t Au over 14.05 m from 3.50 m (NFGC-25-GC-045)
    • 1.64 g/t Au over 12.65 m from 33.25 m (NFGC-25-GC-029)
    • 1.78 g/t Au over 11.30 m from 4.70 m (NFGC-25-GC-034)
    • 1.55 g/t Au over 12.50 m from 0.00 m (NFGC-25-GC-024)

    Figure 2: Keats and Iceberg excavations with proposed grade control drill holes and location of results received.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7337/282330_77041155f49168ec_002full.jpg

    The KEGCDP is testing a volume that is approximately 65 m long by 30 m deep by 40 m wide with a drill spacing of 5 m by 5 m and includes a near-surface high-grade region that was uncovered as part of the Company’s ongoing excavation program (see the New Found Gold press releases dated September 23, 2024, December 2, 2024, September 25, 2025, and December 1, 2025).

    Results released to date correlate well with the initial mineral resource estimate (‘MRE‘) block model and indicate strong continuity of high-grade mineralized shoots at Keats, providing improved definition of their geometry, with most intervals occurring at or within a few meters of surface. The detailed geostatistical data from this phase of work will further validate our resource models, specifically by increasing confidence in grade-capping and influence-limiting parameters applied to high-grade intersections in advance of a MRE update and subsequent mine planning.

    The Keats and Iceberg zones are hosted within the Keats-Baseline Fault Zone (‘KBFZ‘), a high-grade gold-bearing structure that has been defined over a current strike length of 1.9 kilometres (‘km‘). This corridor consists of a broad mineralized fault zone with limited deep drill testing to date. Drilling completed in 2024 confirms that the system extends to vertical depths of up to 1.1 km (see the New Found Gold press releases dated July 11, 2024, October 31, 2024, and April 29, 2025).

    Figure 3: Keats longitudinal section view of grade control grid location (looking northwest, +/- 12.5 m).

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7337/282330_77041155f49168ec_003full.jpg

    Looking Ahead

    The 2025 Queensway drill program included 74,377 m of drilling in 614 diamond DDH, with approximately 75% of the drilling focused on the AFZC area to support advancement of the Phase 1 mine plan as outlined in the Company’s PEA and 25% focused on exploration targets such as the Dropkick zone (‘Dropkick‘). To date, approximately 50% of the results from 2025 drilling remain outstanding, as well as channel sampling results from the Lotto excavation. These results will be reported once available.

    The 2026 Queensway drill program is underway, with four drill rigs currently active (see the New Found Gold press release dated January 21, 2026). Initial 2026 infill drilling is planned to first target PEA Phase 2 open pit resource conversion, transitioning later in the year to PEA Phase 3 underground resource conversion.

    The Company plans to expand its grade control drilling beginning in Q2/26. The next phase of work will leverage results from the 2025 program to optimize drill hole spacing and program scope. This will include completing the initial grade-control drilling at the Iceberg excavation, commencing grade-control drilling at the Lotto excavation and potentially expanding the grade-control drilling at the Keats and Iceberg excavations. The objective of this work is to improve confidence in the distribution of gold mineralization and support mine planning as outlined for the PEA Phase 1 open pits.

    Exploration drilling will focus on AFZC resource expansion including an initial grid-based program targeting the prospective corridor adjacent to the AFZ at Bullseye, continued step-outs at Dropkick, located 11 km north of the AFZC, and targeted segments of the AFZ at AFZ Peripheral. A regional drilling program testing advanced targets at Queensway South is in the planning phase and expected to commence in H2/26.

    The Company plans to file an updated Technical Report for Queensway, which will include an updated mineral resource estimate, in mid-2026

    Table 1: Drill Result Highlights.

    Hole No. From (m) To (m) Interval (m) Au (g/t) True Width (%) Zone
    NFGC-25-GC-017 0.55 12.75 12.20 3.37 60-90 Keats Excavation
    Including 2.15 2.60 0.45 63.65 55-85
    NFGC-25-GC-021 0.60 6.70 6.10 31.47 70-95 Keats Excavation
    Including 1.65 3.40 1.75 98.64 70-95
    Including 6.25 6.70 0.45 35.73 70-95
    And 21.65 33.45 11.80 2.96 70-95
    Including 21.65 22.10 0.45 20.78 70-95
    Including 27.60 28.10 0.50 10.83 70-95
    Including 31.00 31.30 0.30 25.62 70-95
    NFGC-25-GC-022 0.10 6.70 6.60 10.57 70-95 Keats Excavation
    Including 3.20 3.70 0.50 99.59 70-95
    Including 6.05 6.70 0.65 21.90 70-95
    NFGC-25-GC-024 0.00 12.50 12.50 1.55 70-95 Keats Excavation
    And 16.80 19.00 2.20 507.70 70-95
    Including 18.60 19.00 0.40 2788.50 70-95
    NFGC-25-GC-025 11.90 15.65 3.75 113.27 50-80 Keats Excavation
    Including 12.40 14.35 1.95 216.75 50-80
    NFGC-25-GC-026 4.70 24.50 19.80 7.33 65-95 Keats Excavation
    Including 4.70 6.00 1.30 90.49 65-95
    NFGC-25-GC-027 12.00 49.60 37.60 9.29 70-95 Keats Excavation
    Including 15.30 16.35 1.05 184.38 70-95
    Including 16.90 17.90 1.00 23.39 70-95
    Including 33.85 34.45 0.60 125.27 70-95
    NFGC-25-GC-028 7.20 20.95 13.75 2.12 70-95 Keats Excavation
    Including 7.70 8.10 0.40 32.55 70-95
    NFGC-25-GC-029 33.25 45.90 12.65 1.64 70-95 Keats Excavation
    NFGC-25-GC-030 0.70 7.65 6.95 9.94 70-95 Keats Excavation
    Including 1.60 2.20 0.60 17.42 70-95
    Including 4.45 5.00 0.55 16.08 70-95
    Including 5.95 6.45 0.50 87.48 70-95
    And 17.60 39.20 21.60 14.62 70-95
    Including 21.45 22.20 0.75 61.99 70-95
    Including 29.90 31.20 1.30 186.52 70-95
    NFGC-25-GC-031 24.65 31.00 6.35 24.48 70-95 Keats Excavation
    Including 29.05 30.15 1.10 132.61 70-95
    NFGC-25-GC-032 8.05 31.60 23.55 1.45 70-95 Keats Excavation
    Including 10.85 11.60 0.75 13.88 70-95
    NFGC-25-GC-033 0.00 10.00 10.00 27.01 70-95 Keats Excavation
    Including 1.10 2.60 1.50 168.65 70-95
    NFGC-25-GC-034 4.70 16.00 11.30 1.78 70-95 Keats Excavation
    Including 7.45 8.45 1.00 11.14 70-95
    NFGC-25-GC-035 0.10 21.50 21.40 3.75 70-95 Keats Excavation
    Including 0.85 1.80 0.95 40.74 70-95
    Including 12.95 13.30 0.35 15.04 70-95
    NFGC-25-GC-039 22.45 33.00 10.55 4.87 70-95 Keats Excavation
    Including 28.40 29.50 1.10 16.24 70-95
    Including 30.50 31.45 0.95 22.82 70-95
    NFGC-25-GC-042 2.70 11.75 9.05 17.24 40-70 Keats Excavation
    Including 7.20 8.95 1.75 53.22 40-70
    Including 10.20 10.50 0.30 130.40 40-70
    NFGC-25-GC-045 3.50 17.55 14.05 1.52 70-95 Keats Excavation
    Including 8.75 9.20 0.45 10.12 70-95
    NFGC-25-GC-057 21.85 38.20 16.35 2.27 65-95 Keats Excavation
    Including 21.85 22.70 0.85 23.67 65-95

     

    Note that the host structures are interpreted to be moderately to steeply dipping. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2 m with a maximum of 4 m consecutive dilution when above 200 m vertical depth and 2 m consecutive dilution when below 200 m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness. Details of all drill holes reported in this press release are included in Table 2 and Table 3 below.

    Table 2: Summary of composite drill hole results reported in this press release for Keats.

    Hole No. From (m) To (m) Interval (m) Au (g/t) True Width (%) Zone
    NFGC-25-GC-017 0.55 12.75 12.20 3.37 60-90 Keats Excavation
    Including 2.15 2.60 0.45 63.65 55-85
    NFGC-25-GC-018 0.35 7.10 6.75 3.03 70-95 Keats Excavation
    Including 1.40 1.85 0.45 29.82 70-95
    And 15.50 18.00 2.50 1.36 Unknown
    NFGC-25-GC-019 No Significant Values Keats Excavation
    NFGC-25-GC-020 2.15 9.00 6.85 7.29 65-95 Keats Excavation
    Including 2.15 2.80 0.65 13.63 65-95
    Including 6.80 7.60 0.80 46.46 65-95
    And 14.45 16.95 2.50 2.06 70-95
    NFGC-25-GC-021 0.60 6.70 6.10 31.47 70-95 Keats Excavation
    Including 1.65 3.40 1.75 98.64 70-95
    Including 6.25 6.70 0.45 35.73 70-95
    And 21.65 33.45 11.80 2.96 70-95
    Including 21.65 22.10 0.45 20.78 70-95
    Including 27.60 28.10 0.50 10.83 70-95
    Including 31.00 31.30 0.30 25.62 70-95
    NFGC-25-GC-022 0.10 6.70 6.60 10.57 70-95 Keats Excavation
    Including 3.20 3.70 0.50 99.59 70-95
    Including 6.05 6.70 0.65 21.90 70-95
    NFGC-25-GC-023 0.00 7.00 7.00 2.98 70-95 Keats Excavation
    Including 3.50 3.80 0.30 32.45 70-95
    And 24.00 32.90 8.90 3.39 70-95
    Including 25.90 26.50 0.60 27.63 70-95
    NFGC-25-GC-024 0.00 12.50 12.50 1.55 70-95 Keats Excavation
    And 16.80 19.00 2.20 507.70 70-95
    Including 18.60 19.00 0.40 2788.50 70-95
    NFGC-25-GC-025 11.90 15.65 3.75 113.27 50-80 Keats Excavation
    Including 12.40 14.35 1.95 216.75 50-80
    And 20.60 28.65 8.05 1.90 70-95
    Including 25.65 26.55 0.90 10.17 70-95
    And 37.70 46.40 8.70 5.94 70-95
    Including 38.90 39.50 0.60 75.27 70-95
    NFGC-25-GC-026 4.70 24.50 19.80 7.33 65-95 Keats Excavation
    Including 4.70 6.00 1.30 90.49 65-95
    NFGC-25-GC-027 12.00 49.60 37.60 9.29 70-95 Keats Excavation
    Including 15.30 16.35 1.05 184.38 70-95
    Including 16.90 17.90 1.00 23.39 70-95
    Including 33.85 34.45 0.60 125.27 70-95
    And 52.90 55.00 2.10 1.90 70-95
    Including 53.65 54.00 0.35 10.00 70-95
    NFGC-25-GC-028 7.20 20.95 13.75 2.12 70-95 Keats Excavation
    Including 7.70 8.10 0.40 32.55 70-95
    NFGC-25-GC-029 16.50 22.00 5.50 6.11 70-95 Keats Excavation
    Including 21.40 22.00 0.60 14.55 70-95
    And 33.25 45.90 12.65 1.64 70-95
    NFGC-25-GC-030 0.70 7.65 6.95 9.94 70-95 Keats Excavation
    Including 1.60 2.20 0.60 17.42 70-95
    Including 4.45 5.00 0.55 16.08 70-95
    Including 5.95 6.45 0.50 87.48 70-95
    And 17.60 39.20 21.60 14.62 70-95
    Including 21.45 22.20 0.75 61.99 70-95
    Including 29.90 31.20 1.30 186.52 70-95
    NFGC-25-GC-031 24.65 31.00 6.35 24.48 70-95 Keats Excavation
    Including 29.05 30.15 1.10 132.61 70-95
    NFGC-25-GC-032 8.05 31.60 23.55 1.45 70-95 Keats Excavation
    Including 10.85 11.60 0.75 13.88 70-95
    And 35.70 41.65 5.95 1.19 70-95
    NFGC-25-GC-033 0.00 10.00 10.00 27.01 70-95 Keats Excavation
    Including 1.10 2.60 1.50 168.65 70-95
    And 16.95 23.60 6.65 2.24 70-95
    Including 17.60 18.25 0.65 10.60 70-95
    And 34.75 37.70 2.95 1.65 45-75
    NFGC-25-GC-034 4.70 16.00 11.30 1.78 70-95 Keats Excavation
    Including 7.45 8.45 1.00 11.14 70-95
    NFGC-25-GC-035 0.10 21.50 21.40 3.75 70-95 Keats Excavation
    Including 0.85 1.80 0.95 40.74 70-95
    Including 12.95 13.30 0.35 15.04 70-95
    And 28.00 31.00 3.00 1.09 55-85
    NFGC-25-GC-036 No Significant Values Keats Excavation
    NFGC-25-GC-037 28.60 33.40 4.80 1.61 70-95 Keats Excavation
    NFGC-25-GC-038 4.35 11.50 7.15 1.93 55-85 Keats Excavation
    And 21.25 23.40 2.15 1.10 70-95
    NFGC-25-GC-039 10.15 12.60 2.45 1.01 60-90 Keats Excavation
    And 22.45 33.00 10.55 4.87 70-95
    Including 28.40 29.50 1.10 16.24 70-95
    Including 30.50 31.45 0.95 22.82 70-95
    NFGC-25-GC-040 No Significant Values Keats Excavation
    NFGC-25-GC-041 3.50 7.30 3.80 2.77 45-75 Keats Excavation
    Including 6.80 7.30 0.50 10.64 45-75
    And 16.55 26.20 9.65 2.56 70-95
    NFGC-25-GC-042 2.70 11.75 9.05 17.24 40-70 Keats Excavation
    Including 7.20 8.95 1.75 53.22 40-70
    Including 10.20 10.50 0.30 130.40 40-70
    And 17.55 24.35 6.80 1.19 70-95
    NFGC-25-GC-044 8.75 11.25 2.50 1.03 40-70 Keats Excavation
    And 15.25 17.40 2.15 1.05 40-70
    And 21.40 29.45 8.05 1.21 40-70
    NFGC-25-GC-045 3.50 17.55 14.05 1.52 70-95 Keats Excavation
    Including 8.75 9.20 0.45 10.12 70-95
    And 22.00 24.50 2.50 1.21 45-75
    NFGC-25-GC-047 24.45 27.10 2.65 1.00 70-95 Keats Excavation
    NFGC-25-GC-049 4.40 11.40 7.00 1.65 70-95 Keats Excavation
    NFGC-25-GC-051 24.80 31.05 6.25 1.32 70-95 Keats Excavation
    NFGC-25-GC-053 10.50 13.60 3.10 1.37 40-70 Keats Excavation
    And 22.40 29.10 6.70 1.14 70-95
    NFGC-25-GC-054 20.70 29.15 8.45 2.36 70-95 Keats Excavation
    Including 20.70 21.70 1.00 10.30 70-95
    NFGC-25-GC-057 0.60 2.90 2.30 1.07 65-95 Keats Excavation
    And 11.15 15.35 4.20 6.21 65-95
    Including 11.15 12.10 0.95 14.02 65-95
    And 21.85 38.20 16.35 2.27 65-95
    Including 21.85 22.70 0.85 23.67 65-95
    NFGC-25-GC-077 No Significant Values Keats Excavation
    NFGC-25-GC-114 No Significant Values Keats Excavation

     

    Note that the host structures are interpreted to be moderately to steeply dipping. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2 m with a maximum of 4 m consecutive dilution when above 200 m vertical depth and 2 m consecutive dilution when below 200 m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

    Table 3: Details of drill holes reported in this press release.

    Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Prospect
    NFGC-25-GC-017 300 -45 30 658204 5427542 Keats
    NFGC-25-GC-018 300 -45 21 658196 5427547 Keats
    NFGC-25-GC-019 299 -45 15 658192 5427544 Keats
    NFGC-25-GC-020 299 -45 34 658209 5427540 Keats
    NFGC-25-GC-021 299 -45 39 658220 5427533 Keats
    NFGC-25-GC-022 299 -45 12 658187 5427541 Keats
    NFGC-25-GC-023 299 -45 39 658215 5427530 Keats
    NFGC-25-GC-024 299 -45 22 658193 5427538 Keats
    NFGC-25-GC-025 299 -45 46 658225 5427513 Keats
    NFGC-25-GC-026 299 -45 30 658204 5427538 Keats
    NFGC-25-GC-027 299 -45 61 658217 5427512 Keats
    NFGC-25-GC-028 299 -45 32 658198 5427534 Keats
    NFGC-25-GC-029 298 -45 53 658210 5427516 Keats
    NFGC-25-GC-030 298 -45.3 52 658216 5427525 Keats
    NFGC-25-GC-031 298 -45 47 658211 5427509 Keats
    NFGC-25-GC-032 300 -45 54 658212 5427520 Keats
    NFGC-25-GC-033 300 -45 43 658210 5427533 Keats
    NFGC-25-GC-034 300 -45 24 658199 5427540 Keats
    NFGC-25-GC-035 300 -45 37 658204 5427531 Keats
    NFGC-25-GC-036 300 -45 21 658207 5427553 Keats
    NFGC-25-GC-037 300 -45 40 658205 5427513 Keats
    NFGC-25-GC-038 300 -45 40 658203 5427525 Keats
    NFGC-25-GC-039 300 -45 40 658229 5427540 Keats
    NFGC-25-GC-040 300 -45 25 658212 5427549 Keats
    NFGC-25-GC-041 300 -45 33 658223 5427543 Keats
    NFGC-25-GC-042 298 -45 36 658199 5427523 Keats
    NFGC-25-GC-044 298 -45 37 658194 5427514 Keats
    NFGC-25-GC-045 298 -45 28 658192 5427526 Keats
    NFGC-25-GC-047 300 -45 42 658191 5427510 Keats
    NFGC-25-GC-049 298 -45 21 658187 5427529 Keats
    NFGC-25-GC-051 300 -45 39 658189 5427506 Keats
    NFGC-25-GC-053 300 -45 33 658194 5427520 Keats
    NFGC-25-GC-054 300 -45 33 658182 5427507 Keats
    NFGC-25-GC-057 300 -45 45 658204 5427519 Keats
    NFGC-25-GC-077 300 -45 12 658168 5427524 Keats
    NFGC-25-GC-114 300 -45 14 658253 5427538 Keats

     

    Sampling, Sub-sampling, and Laboratory

    All drilling recovers HQ core. For deep holes, the core size may be reduced to NQ at depth. The drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.

    A geologist examines the drill core and marks out the intervals to be sampled and the cutting line. Sample lengths are mostly 1.0 meter and adjusted to respect lithological and/or mineralogical contacts and isolate narrow (<1.0m) veins or other structures that may yield higher grades.

    Technicians saw the core along the defined cutting line. One half of the core is kept as a witness sample and the other half is submitted for analysis. Individual sample bags are sealed and placed into totes, which are then sealed and marked with the contents.

    New Found Gold has submitted samples for gold determination by PhotonAssay to ALS Canada Ltd. (‘ALS‘) since February 2024. ALS operates under a commercial contract with New Found Gold.

    Drill core samples are shipped to ALS for sample preparation in Thunder Bay, Ontario. ALS does not currently have accreditation for the PhotonAssay method at their Thunder Bay, ON laboratory. They do however have ISO/IEC 17025 (2017) accreditation for gamma ray analysis of samples for gold at their Australian labs with this method, including the Canning Vale lab in Perth, WA.

    Samples submitted to ALS beginning in February 2024 received gold analysis by photon assay whereby the entire sample is crushed to approximately 70% passing 2 mm mesh. The sample is then riffle split and transferred into jars. For ‘routine’ samples that do not have VG identified and are not within a mineralized zone, one (300-500g) jar is analyzed by photon assay. If the jar assays greater than 0.8 g/t, the remaining crushed material is weighed into multiple jars and submitted for photon assay.

    For samples that have VG identified, the entire crushed sample is riffle split and weighed into multiple jars that are submitted for photon assay. The assays from all jars are combined on a weight-averaged basis.

    Select samples prepared at ALS are also analyzed for a multi-element ICP package (ALS method code ME-ICP61) at ALS Vancouver.

    Drill program design, Quality Assurance/Quality Control, and interpretation of results are performed by qualified persons employing a rigorous Quality Assurance/Quality Control program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples in addition to the laboratory’s internal quality assurance programs.

    Quality Control data are evaluated on receipt from the laboratories for failures. Appropriate action is taken if assay results for standards and blanks fall outside allowed tolerances. All results stated have passed New Found Gold’s quality control protocols.

    New Found Gold’s quality control program also includes submission of the second half of the core for approximately 2% of the drilled intervals. In addition, approximately 1% of sample pulps for mineralized samples are submitted for re-analysis to a second ISO-accredited laboratory for check assays.

    The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed.

    The assay data disclosed in this press release have been verified by the Company’s Qualified Person against the original assay certificates.

    Qualified Person

    The scientific and technical information disclosed in this press release was reviewed and approved by Melissa Render, P. Geo., President, and a Qualified Person as defined under National Instrument 43-101. Ms. Render consents to the publication of this press release by New Found Gold. Ms. Render certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

    About New Found Gold Corp.

    New Found Gold is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada. The Company holds a 100% interest in Queensway and owns the Hammerdown Operation, Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant. The Company is currently focused on advancing Queensway to production and bringing the Hammerdown Operation into steady-state gold production.

    In July 2025, the Company completed a PEA at Queensway (see New Found Gold press release dated July 21, 2025). Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential that covers a +110 km strike extent along two prospective fault zones at Queensway.

    New Found Gold has a new board of directors and management team and a solid shareholder base which includes cornerstone investor Eric Sprott. The Company is focused on growth and value creation.

    Keith Boyle, P.Eng.
    Chief Executive Officer
    New Found Gold Corp.

    Contact

    For further information on New Found Gold, please visit the Company’s website at www.newfoundgold.ca, contact us through our investor inquiry form at https://newfoundgold.ca/contact/contact-us/ or contact:

    Fiona Childe, Ph.D., P.Geo.
    Vice President, Communications and Corporate Development
    Phone: +1 (416) 910-4653
    Email: contact@newfoundgold.ca

    Follow us on social media at
    https://www.linkedin.com/company/newfound-gold-corp
    https://x.com/newfoundgold

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. 

    Forward-Looking Statement Cautions

    This press release contains certain ‘forward-looking statements’ within the meaning of Canadian securities legislation, including relating to the current drill program on its Queensway Gold Project in Newfoundland and Labrador, Canada, and the timing, results and interpretation and use of the drill results; future drill programs and the timing and focus thereof; the excavation program and the timing and results thereof; future exploration and the objectives and timing thereof, including future drilling and excavation; exploration, drilling and mineralization at Queensway; the extent of mineralization and the continuity of high-grade gold mineralization; the potential conversion of mineral resources; potential resource expansion; a mineral resource update and the timing thereof; focus on growth and value creation; and the merits of Queensway. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘interpreted’, ‘intends’, ‘estimates’, ‘projects’, ‘aims’, ‘suggests’, ‘indicate’, ‘often’, ‘target’, ‘future’, ‘likely’, ‘pending’, ‘potential’, ‘encouraging’, ‘goal’, ‘objective’, ‘prospective’, ‘possibly’, ‘preliminary’, and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘can’, ‘could’ or ‘should’ occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSXV, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company’s ability to complete exploration and drilling programs as expected, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results and the results of the metallurgical testing program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

    1 g/t Au= grams of gold per tonne
    2 m = metres

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282330

    News Provided by TMX Newsfile via QuoteMedia

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    Jeff Clark, founder of Paydirt Prospector, remains bullish on the outlook for gold and silver, emphasizing that cash is key when prices correct.

    ‘Even though I’m very long, and even though I haven’t taken profits on a lot of things, the number one antidote to a crash or a correction is your cash level,’ he said.

    Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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