Samples up to 44.5 g/t Gold, 3,037 g/t Silver, and 8.56% Copper
Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to provide assay results from a recently completed rock sampling program at its high-grade Kennedy gold-silver Project in Nevada (the "Kennedy Project"). Results demonstrate strong prospectivity for high-grade gold and silver mineralization across the under-explored project.
Highlights:
Galen McNamara, CEO, stated: "Our exploration at the Kennedy Project is revealing high-grade gold and silver targets across a 22 km network of largely untested veins. Having acquired this project by claim staking last year, it is also royalty free. These initial results validate our acquisition strategy and position the district as a unique discovery opportunity in Nevada. Concurrently, drilling at our Red Mountain project in Alaska is progressing well, with drilling intersecting promising massive sulfide zones. We look forward to sharing assay results as they become available to showcase the strength of our American project portfolio."
Figure 1. Plan Map of Kennedy Project.
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Figure 2 (see attached figure). Disseminated, banded and massive sulfide mineralization featuring pyrite, pyrrhotite, chalcopyrite, sphalerite and galena in hole DC25-110 from the Red Mountain, Alaska. Photo is not intended to be representative of broader mineralization.
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Table 1: Rock assay highlights
| Sample ID | Zone | Au (g/t) | Ag (g/t) | Type | Easting* | Northing* |
| 351902 | Accident | 12.7 | 305 | dump | 437216 | 4459227 |
| 722881 | Accident | 8.2 | 78 | dump | 437118 | 4459331 |
| 351903 | Accident | 0.9 | 107 | dump | 437215 | 4459255 |
| 722894 | Borlasca | 3.2 | 258 | dump | 436104 | 4457845 |
| 722891 | Borlasca | 5.3 | 68 | outcrop | 436211 | 4457910 |
| 722893 | Borlasca | 21.9 | 2,336 | dump | 436214 | 4457907 |
| 722896 | Borlasca | 6.3 | 107 | dump | 436272 | 4457827 |
| J486215^ | Borlasca | 17.2 | 932 | dump | 436223 | 4457904 |
| 722875 | Cricket | 11.3 | 322 | outcrop | 437134 | 4459636 |
| 722872 | Cricket | 32.7 | 251 | dump | 437115 | 4459666 |
| 722871 | Cricket | 39.4 | 370 | dump | 437102 | 4459688 |
| 722870 | Cricket | 34.0 | 293 | dump | 437092 | 4459690 |
| 722869 | Cricket | 14.1 | 162 | subcrop | 437081 | 4459715 |
| 722873 | Cricket | 11.9 | 148 | outcrop | 437120 | 4459659 |
| 722868 | Cricket | 12.1 | 47 | dump | 437068 | 4459735 |
| 350137 | Cricket | 17.7 | 28 | dump | 437179 | 4459515 |
| 350134 | Cricket | 6.8 | 200 | dump | 437169 | 4459546 |
| 722878 | Danneburg | 3.8 | 326 | dump | 437281 | 4460597 |
| 350143 | Danneburg | 19.5 | 273 | dump | 437359 | 4460451 |
| 722876 | Danneburg | 3.1 | 116 | dump | 437391 | 4460431 |
| 350141 | Danneburg | 7.2 | 41 | subcrop | 437398 | 4460443 |
| 351908 | Fourth of July | 6.2 | 3,037 | float | 437186 | 4458978 |
| 351909 | Fourth of July | 9.6 | 2,360 | dump | 437176 | 4458993 |
| 722885 | Fourth of July | 2.6 | 575 | dump | 437091 | 4458997 |
| 722886 | Fourth of July | 11.0 | 239 | dump | 437121 | 4458989 |
| 351911 | Fourth of July | 4.6 | 315 | outcrop | 437203 | 4458947 |
| 722883 | Fourth of July | 4.1 | 211 | dump | 437122 | 4459101 |
| 351910 | Fourth of July | 1.9 | 454 | subcrop | 437155 | 4458999 |
| E923275^ | Gold Note | 11.1 | 1,020 | dump | 435331 | 4458209 |
| J486223^ | Gold Note | 20.1 | 114 | dump | 435391 | 4458114 |
| 350106 | Gold Note | 40.4 | 232 | dump | 435309 | 4458224 |
| 350101 | Gold Note | 10.9 | 724 | dump | 435319 | 4458213 |
| 350104 | Gold Note | 0.6 | 419 | dump | 435327 | 4458219 |
| 350102 | Gold Note | 5.0 | 122 | dump | 435322 | 4458215 |
| J486240^ | Gold Note | 5.4 | 32 | dump | 435330 | 4458222 |
| J486241^ | Gold Note | 8.4 | 8 | float | 435450 | 4458297 |
| 350122 | Hidden Treasure | 10.7 | 53 | subcrop | 435757 | 4458713 |
| 351914 | Hidden Treasure | 44.5 | 15 | dump | 435650 | 4458845 |
| J486233^ | Hidden Treasure | 8.6 | 43 | dump | 435656 | 4458844 |
| 722889 | Hidden Treasure | 12.0 | 53 | dump | 435609 | 4458805 |
| 722890 | Hidden Treasure | 27.6 | 11 | float | 435668 | 4458776 |
| 722864 | Imperial | 30.4 | 148 | dump | 436355 | 4459530 |
| 350133 | Imperial | 3.3 | 226 | dump | 436325 | 4459715 |
| 350130 | Imperial | 11.1 | 32 | dump | 436346 | 4459567 |
| 722867 | Imperial | 16.8 | 17 | dump | 436324 | 4459657 |
| 722860 | Imperial | 7.0 | 80 | dump | 436655 | 4458931 |
| 722861 | Imperial | 8.4 | 34 | dump | 436655 | 4458930 |
| 350131 | Imperial | 5.9 | 5 | subcrop | 436334 | 4459596 |
| 350129 | Imperial | 8.6 | 77 | dump | 436347 | 4459351 |
| J486238^ | Regional | 3.1 | 100 | dump | 435979 | 4457773 |
| 350121 | Regional | 5.7 | 21 | subcrop | 434848 | 4459187 |
| E923273^ | Trail/Senator | 3.1 | 583 | dump | 436605 | 4458764 |
| 722855 | Trail/Senator | 8.6 | 133 | dump | 436603 | 4458763 |
| 350123 | Trail/Senator | 6.4 | 43 | dump | 436607 | 4458764 |
| 722854 | Trail/Senator | 8.5 | 78 | dump | 436605 | 4458762 |
| 722857 | Trail/Senator | 1.9 | 114 | outcrop | 436538 | 4458813 |
| 722859 | Trail/Senator | 1.6 | 134 | outcrop | 436512 | 4458842 |
| 350120 | Coyote | 2.9 | 759 | float | 435061 | 4458685 |
| J486225 | Coyote | 16.0 | 64 | dump | 435227 | 4458717 |
| 350115 | Coyote | 2.9 | 103 | subcrop | 435201 | 4458738 |
| 350118 | Coyote | 1.7 | 107 | float | 435062 | 4458678 |
| E923276^ | Coyote | 15.9 | 323 | subcrop | 435052 | 4458607 |
| 350116 | Coyote | 10.9 | 36 | dump | 435224 | 4458716 |
| E923278^ | Coyote | 10.0 | 33 | dump | 435227 | 4458716 |
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*NAD83 Z 11
^see references for sources of data
Defining Widespread High-Grade Gold-Silver Mineralization
A reconnaissance-style prospecting and sampling program was recently completed by Silver47's exploration team on unpatented mining claims of the Kennedy Project. The purpose of the program was to confirm the presence of high-grade gold-silver-base metal mineralization across eleven targets (Figure 1). Areas of historic surface workings (e.g., blast pits and mine dumps) as well as outcrop, subcrop and float were sampled. In total, 109 samples were collected (see April 24th, 2025 news release for first batch of results). Data from over 40 historic rock samples were also compiled and combined with the new data creating a rock geochemical database of over 150 samples (Figure 1).
Selective sampling across the eleven targets (Figure 1) demonstrates the scale and high-grade potential of vein-systems typical of the Kennedy Project. Highlights from recent and historical sampling include:
Gold Note: Most of the historic gold production in the Kennedy district was from the Gold Note mine. The mine was centered on a series of high-angle, broadly east-west striking quartz veins hosted in volcanic and sedimentary rocks and traced for over 350 m. Waste material from the mine has been stacked in dumps near the main Union and No. 2 adits (Figure 1). Sampling of these dumps returned grades up to 40.4 g/t Au with 232 g/t Ag and 11.1 g/t Au with 1,020 g/t Ag (Table 1) and the 14 new and compiled samples average 7.9 g/t Au with 193 g/t Ag. These results agree with historic mine grades which were reportedly as high as 15.5 g/t Au with 311 g/t Ag¹.
Borlasca: The east-west trending Borlasca target comprises a series of northwest to west striking structures centered approximately 900 m east of the Gold Note mine. Veins and oxidized vein-breccias are hosted in porphyritic rhyolite associated with strong silicification. Samples of dump and outcrop from across the three main Borlasca veins have returned up to 21.9 g/t Au with 2,336 g/t Ag with 8.56% Cu. The strong copper mineralization in many of the Borlasca samples suggest strong prospectivity for copper mineralization across this part of the Kennedy district.
Coyote: The northwest-striking Coyote vein system is centered approximately 600 m north of the Gold Note mine. Veins and quartz-cemented breccias of the Coyote target are hosted primarily in granite and quartz-phyric rhyolite. Samples of dump material, subcrop and float from the main Coyote target returned grades up to 15.9 g/t Au with 323 g/t Ag and 2.9 g/t Au with 759 g/t Ag (Table 1). Sampling 600 m along strike to the northwest returned 5.7 g/t Au with 20.8 g/t Ag (sample 350121, Table 1).
Cricket-Accident trend: The north-northwest striking Cricket target is centered approximately 2.2 km northeast of the Gold Note mine (Figure 1). The vein-system is hosted near a contact between andesite and monzonite and consists of brecciated and drusy quartz veins and veinlets. The Cricket vein has been sampled (outcrop and dumps) for over 200 m along strike with grades up to 39.4 g/t Au and 370 g/t Ag (15 samples average 12.3 g/t Au and 132 g/t Ag). High-grade gold and silver mineralization at Cricket is locally associated with strong lead and antimony mineralization (up to 3.0% Pb and 3,540 ppm Sb). The Accident vein, 300 m along strike to the south of Cricket, is interpreted to be part of the same 800 m north-trending vein-system. Sampling at Accident returned up to 12.7 g/t Au with 305 g/t Ag (Table 1). Further sampling along trend north of Cricket towards the historic Wall Street mine and along trend south of Accident is warranted.
Fourth of July: The Fourth of July vein sets are hosted in strongly oxidized granite/monzonite and comprise quartz-rich breccias and veins. Sampling of outcrop, subcrop, dump and float along a 200 m trend at Fourth of July returned up to 6.2 g/t Au with 3,037 g/t Ag and 9.6 g/t Au with 2,360 g/t Ag. The veins may represent a possible southern offset of the Cricket-Accident trend of veins and supports the strong prospectivity for high-grade gold-silver mineralization in broadly north-trending structural corridors.
Trail-Imperial trend: The historic Trail/Senator mine represents the southern extent of the broadly north-trending Trail-Imperial corridor. The high-grade Imperial Mine represents the northern extent of the 1.0 km long corridor. The Trail/Senator target comprises quartz-rich veins and breccias with associated wall rock hosted quartz-stringers and veinlets. Sampling of dumps and outcrop returned up to 8.61 g/t Au with 133 g/t Ag and 6.4 g/t Au with 43.1 g/t Ag. At Imperial, primarily hosted in quartz monzonite sampling returned up to 30.4 g/t Au with 148 g/t Ag and 16.8 g/t Au with 17.2 g/t Ag. Similar to the parallel Cricket-Accident trend, the Trail-Imperial corridor demonstrated strong prospectivity for high-grade gold and silver mineralization along north-trending structural corridors.
Hidden Treasure-Chromo trend: The Hidden Treasure set of mineralized veins are centered 800 m north of the Gold Note mine and hosted primarily in volcanics and breccias near the contact with granite. Together with the Chromo target (Figure 1), 300 m along strike to the north, the mineralized Hidden Treasure-Chromo trend comprises high-grade gold-bearing breccias with samples up to 44.5 g/t Au and 27.6 g/t Au (7 samples at Hidden Treasure average 15.6 g/t Au and 31 g/t Ag).
Danneburg: The Danneburg group of mineralized vein occurrences, covering a 200 by 150 m area, is centered approximately 3.0 km northeast of the Gold Note mine. Drusy and oxidized veins hosted in silicified and oxidized granite returned up 19.5 g/t Au with 273 g/t Ag and 3.8 g/t Au with 554 g/t Ag in dump material. Further work is required at Danneburg to define the strike-extent of the dominant north- and northwest-striking vein-sets.
Based on the results from the preliminary sampling and prospecting program, an additional 4,000 acres of unpatented mining claims have been acquired through staking. The strategic claims cover all prospective open ground around the Kennedy district.
Next Steps
The extensive mineralized corridors across the Kennedy Project with multiple high-grade targets have not yet seen any systematic modern exploration. A multidisciplinary program consisting of geological mapping, ground geophysics (magnetics and induced polarization) and soil and rock geochemical surveys are planned to refine existing targets and define new drill targets. Follow-up exploration is set to commence this fall.
Analytical and Quality Assurance and Quality Control Procedures
Rock samples were sent to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. Paragon meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Samples were analyzed for gold via fire assay with an MS finish ("AU-FA30"), and for silver via inductively-coupled plasma, mass spectroscopy (ICP-MS) after four-acid digestion ("48MA-MS"). Samples assaying over 8 ppm Au were re-run via fire assay for Au with a gravimetric finish ("AU-GR30"). Samples that assayed over 100 ppm Ag (0.01%), 1,000 ppm Cu (1%), Zn (1%) and Pb (1%) were re-run via inductively coupled plasma optical emission spectroscopy ("OLMA-OES").
Historical data referenced herein (e.g., rock samples2), including but not limited to assay results and geological interpretations from previous exploration activities, have been sourced from publicly available records, archived reports, and third-party databases believed to be reliable. However, Silver47 has not independently verified this historical data through resampling, re-assaying, or other confirmatory methods. As such, the Company cautions that this historical information has not been verified by a Qualified Person. The Company is not treating historical information as current and it is being used to guide exploration only.
Marketing Agreement
Effective September 3, 2025, the Company has engaged Sideways Frequency LLC ("SFLLC") to provide certain marketing services to the Company. Under the agreement, the Company will pay SFLLC $250,000 USD for a 12-month term. The Company may elect to renew or extend the engagement at any point during the term. The marketing services will include, but are not limited to, email campaigns, native advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns. The Company has granted 80,000 stock options to SFLLC at a strike price of $0.83 with a three-year term. The options vest quarterly over a period of one year.
SFLLC is based in Utah, USA and is at arm's length to the Company. SFLLC and its principals have no present, direct or indirect interest in the Company or its securities, nor any right or present intention to acquire such an interest except as otherwise provided herein. The agreement and the option grant remain subject to TSX Venture Exchange approval.
Technical Disclosure
The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.
Rock-chip, dump, float and subcrop samples are selective by nature and may not be representative of mineralization across the Kennedy Project.
References
¹Klopstock, Paul (1913) The Kennedy mining district, Nevada, American Institute of Mining Engineers Bulletin, v. 77. p. 1041-1046
2Data reported by West Cirque Resources, WCQ TSX-V NRs September 13, 2011 and November 22, 2011
About Silver47 Exploration
Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.
For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd."
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On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore@silver47.ca
No securities regulatory authority has either approved or disapproved of the contents of this release. 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 STATEMENTS
This news release includes forward-looking information regarding, among other things, the timing, scope and objectives of planned exploration at the Kennedy Project (including mapping, geophysics, geochemical surveys and target generation), potential future drilling, and the anticipated timing of assay results at Red Mountain. Forward-looking information is based on a number of assumptions that, while considered reasonable by management at the date hereof, are inherently subject to business, technical and operational uncertainties. Assumptions include the availability of personnel and equipment, access to the property, receipt of permits and approvals, budget availability, and that historical information compiled will be useful in guiding exploration. Material risk factors that may cause actual results to differ materially include changes in exploration plans; results of field work that differ from expectations; access, permitting or regulatory risks; availability of contractors and laboratory turn-around times; weather; commodity price volatility; and the risks described in the Company's public filings on SEDAR+. The Company does not undertake to update any forward-looking information except as required by applicable securities laws." (meets all four required elements).
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Osisko Metals Incorporated (the " Company or " Osisko Metals ") ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.
Osisko Metals Chief Executive Officer Robert Wares commented: " Drill hole 30-1097 produced our longest intersection so far, returning 1117 metres of continuous mineralization from the top of Copper Mountain, located in the heart of the deposit. With 10 drills on site, we have completed over 65,000 metres of the drill program to date, and will continue the current program of infill and expansion drilling until December. The updated MRE is well on track to be released in Q1 2026. "
New analytical results are presented below (see Table 1), including 19 mineralized intercepts from 6 new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as "Both"). Maps showing hole locations are available at www.osiskometals.com .
Highlights:
Table 1: Infill and Expansion Drilling Results
| DDH No. | From (m) | To (m) | Length (m) | Cu % | Ag g/t | Mo % | CuEq* | Type** |
| 30-1097 | 87.0 | 1204.5 | 1117.5 | 0.25 | 1.81 | 0.022 | 0.35 | Both |
| (including) | 87.0 | 778.5 | 691.5 | 0.24 | 2.05 | 0.019 | 0.33 | Infill |
| (including) | 778.5 | 1204.5 | 426.0 | 0.27 | 1.42 | 0.028 | 0.38 | Expansion |
| 30-1100 | 81.0 | 119.0 | 38.0 | 0.15 | 1.11 | 0.16 | Infill | |
| And | 137.0 | 180.0 | 43.0 | 0.25 | 1.64 | 0.013 | 0.31 | Infill |
| And | 322.5 | 551.0 | 228.5 | 0.25 | 1.61 | 0.013 | 0.31 | Both |
| And | 677.8 | 805.0 | 127.2 | 0.15 | 0.82 | 0.012 | 0.20 | Expansion |
| And | 862.8 | 974.5 | 111.7 | 0.17 | 1.24 | 0.010 | 0.22 | Expansion |
| 30-1101 | 58.0 | 111.0 | 53.0 | 0.24 | 5.21 | 0.27 | Infill | |
| And | 156.0 | 304.5 | 148.5 | 0.32 | 2.52 | 0.34 | Infill | |
| And | 493.5 | 521.2 | 27.7 | 0.36 | 1.85 | 0.37 | Expansion | |
| 30-1102 | 516.0 | 567.0 | 51.0 | 0.36 | 3.62 | 0.38 | Expansion | |
| And | 781.5 | 858.0 | 76.5 | 0.03 | 0.19 | 0.077 | 0.32 | Expansion |
| And | 880.5 | 930.0 | 49.5 | 0.46 | 2.81 | 0.48 | Expansion | |
| 30-1104 | 4.5 | 32.0 | 27.5 | 0.12 | 0.48 | 0.12 | Infill | |
| And | 54.0 | 85.0 | 31.0 | 0.14 | 0.66 | 0.14 | Infill | |
| And | 177.0 | 969.0 | 792.0 | 0.20 | 1.33 | 0.015 | 0.26 | Both |
| (including) | 177.0 | 567.5 | 390.5 | 0.18 | 1.49 | 0.013 | 0.23 | Infill |
| (including) | 567.5 | 969.0 | 401.5 | 0.22 | 1.17 | 0.017 | 0.29 | Expansion |
| 30-1105 | 16.0 | 79.0 | 63.0 | 0.19 | 1.94 | 0.20 | Infill | |
| And | 122.0 | 232.5 | 110.5 | 0.20 | 1.30 | 0.21 | Infill | |
| And | 261.8 | 355.5 | 93.7 | 0.25 | 1.72 | 0.009 | 0.30 | Both |
| And | 378.0 | 666.0 | 288.0 | 0.19 | 2.03 | 0.012 | 0.25 | Expansion |
* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** "Both" indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.
Discussion
Drill hole 30-1097, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1117.5 metres averaging 0.25% Cu, 0.022% Mo, and 1.81 g/t Ag that included expansion at depth of 426.0 metres averaging 0.27% Cu, 0.028% Mo, and 1.42 g/t Ag. This hole extends mineralization near the centre of the deposit to a vertical depth of 1,204 metres.
Drill hole 30-1100, near the southwestern margin of the 2024 MRE model, intersected five separate mineralized intervals, including 228.5 metres averaging 0.25% Cu, 0.013% Mo, and 1.61 g/t Ag (infill and expansion). This was followed by 127.2 metres averaging 0.15% Cu, 0.012% Mo, and 0.82 g/t Ag and then by another 111.7 metres averaging 0.17% Cu, 0.010% Mo, and 1.24 g/t Ag (both expansion), extending mineralization to a vertical depth of 975 metres.
Drill holes 30-1101 and 30-1102, both located near the eastern margin of the 2024 MRE model, intersected several, relatively short mineralized intervals that were 27 to 76 metres long, with the exception of one 148.5 metre interval (30-1101) that averaged 0.32% Cu and 2.52 g/t Ag (infill). These holes, along with several other previously reported holes, confirm the currently defined eastern margin of the 2024 MRE model.
Drill hole 30-1104, located near the west-central portion of the 2024 MRE model, intersected two short (28 and 31 metres) intervals followed by 792.0 metres averaging 0.20% Cu, 0.015% Mo and 1.33 g/t Ag that included expansion at depth of 401.5 metres averaging 0.22% Cu, 0.017% Mo, and 1.17 g/t Ag. This hole extends mineralization in this area to a vertical depth of 969 metres.
Drill hole 30-1105, located in the southwestern portion of the 2024 MRE model, intersected 110.5 metres averaging 0.20% Cu and 1.30 g/t Ag (infill), followed by 93.7 metres averaging 0.25% Cu and 1.72 g/t Ag (infill and expansion), followed by a third intersection of 288.0 metre averaging 0.19% Cu, 0.012% Mo, and 2.03 g/t Ag (expansion), extending mineralization to a vertical depth of 666 metres.
Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.
The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).
The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.
All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.
Table 2: Drill hole locations
| DDH No. | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation |
| 30-1097 | 0.00 | -90.00 | 1224.0 | 316150.0 | 5426416.0 | 742.3 |
| 30-1100 | 0.00 | -90.00 | 987.0 | 315825.0 | 5426193.0 | 619.4 |
| 30-1101 | 0.00 | -90.00 | 592.0 | 316612.0 | 5425837.0 | 593.3 |
| 30-1102 | 0.00 | -90.00 | 930.0 | 316595.0 | 5426284.1 | 603.7 |
| 30-1104 | 0.00 | -90.00 | 999.0 | 315700.0 | 5426358.0 | 592.1 |
| 30-1105 | 0.00 | -90.00 | 819.0 | 316104.0 | 5425877.0 | 586.9 |
Explanatory note regarding copper-equivalent grades
Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
Quality Assurance / Quality Control
Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades .  True widths are estimated at 90 – 92% of the reported core length intervals.
Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.'s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.
About Osisko Metals
Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ' s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled "Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper". Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.
In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ' s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ' June 25, 2024 news release entitled "Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq". The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.
For further information on this news release, visit www.osiskometals.com or contact:
Don Njegovan, President
Email: info@osiskometals.com
Phone: (416) 500-4129
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company's trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission, or other regulatory authority has approved or disapproved the information contained herein.
Figures accompanying this announcement are available at
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OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Empire Metals LTD (AIM: EEE; OTCQX: EPMLF), an exploration and resource development company, has qualified to trade on the OTCQX® Best Market. Empire Metals LTD upgraded to OTCQX from the OTCQB® Venture Market.
Empire Metals LTD begins trading today on OTCQX under the symbol "EPMLF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Shaun Bunn, Managing Director of Empire Metals, comments:
"Empire Metals is delighted to upgrade to OTCQX. Building on the Company's international shareholder base, this further enhances the accessibility and visibility of our shares to both U.S. institutional and retail investors. Trading on OTCQX offers even more investors a pathway to participate in Empire's growth and and gain exposure to titanium - a strategically important critical mineral with strong fundamentals. We look forward to welcoming new U.S. investors as shareholders."
About Empire Metals LTD
Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the in-situ mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiOâ‚‚) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, in-situ bedded TiOâ‚‚ mineralisation, each being over 7km in strike length. An Exploration Target for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target is a subset that covers the in-situ weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSâ„¢ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com .
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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Drilling Confirms Gold Discovery and Significant Progress at Caber Complex
Nuvau Minerals Inc. (TSXV: NMC) is sharing positive results and significant progress at its Matagami Project in today's comprehensive exploration update.
"Multiple new discoveries, including the recent discovery of gold mineralization, demonstrate the potential of this large-scale property that was historically recognized solely for its base metal potential. The confirmation of a gold-bearing orogenic system adjacent to existing mine infrastructure significantly expands the opportunity for value creation. Nuvau is geared to continue the exploration on this large land package in the Abitibi," said Peter van Alphen, CEO of Nuvau Minerals Inc.
Highlights include the continued validation of the orogenic gold system that was discovered adjacent to the fully permitted Bracemac mine, and positive results from drilling additional zones on the Property, such as high-grade base metal mineralization at Caber and Renaissance:
Drilling is underway to follow-up the recent discovery of gold mineralization with 25 m of the existing mine access ramp at the Bracemac Mine. Visible gold has now been observed in three of four holes drilled in this new target, confirming a continuous shear zone intersected in all holes drilled to date. The system is hosted within a tonalite intrusive rock unit in the footwall of the Bracemac Mine, a rock unit where almost no historic holes have been drilled.
Gold exploration program
Operated by Glencore until June 2022, the Bracemac-McLeod mine was one of 12 past-producing base metal mines on Nuvau's 1,300 km² land package. Historic mining focused entirely on copper and zinc mineralization. Key infrastructure remains in place, and the mine remains permitted for operation. Little to no gold exploration was undertaken by the previous operators due to the previous focus on base metals.
Visible gold mineralization was observed in the first hole drilled to test the first of three priority gold exploration targets that Nuvau identified on this large-scale property. The current drill campaign is aimed at defining the parameters of this newly-identified gold-bearing structure. To-date, four drill holes spaced 25 to 40 metres apart have established the strike and dip of the host shear zone that is injected with quartz veins containing minor pyrite. A fifth hole is underway to test 100 metres below the initial drill holes.
Visible gold has now been observed in three holes with all holes having intersected a sheared intrusive (tonalite) containing folded quartz-calcite-chlorite veins, mineralized with 1-3% pyrite. The first hole intersected 8.87 g/t Au over 1.05 m with numerous grains of visible gold identified. Assay results from additional holes remain pending.
Figure 1: 3D view showing general location of the gold-bearing structure
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Figure 2: Inclined long-section
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Caber Complex
Fourteen drill holes were completed totaling 10,426 m. This drilling was designed for the conversion of resources and to collect samples for metallurgical studies in preparation for a feasibility study of the Caber Complex deposits. A revised MRE is in progress and an updated PEA is planned with the aim of optimizing the Caber Complex mine plan and incorporating the potential restart of the Bracemac-McLeod Mine and mill complex into a detailed economic analysis.
Table 1: Assay results for the Caber Complex drill program
| Hole ID | from | to | length | Cu% | Zn% | Au(g/t) | Ag(g/t) |
| GCB-24-112 | Reassays ongoing | ||||||
| GCB-24-113 | 547.00 | 557.70 | 10.70 | 1.53 | 1.64 | 0.09 | 16.14 |
| And | 600.35 | 603.15 | 2.80 | 5.49 | 5.95 | 0.15 | 35.66 |
| And | 677.55 | 703.85 | 26.30 | 0.23 | 0.31 | 0.03 | 1.18 |
| GCB-24-114 | 591.85 | 594.40 | 2.55 | 0.11 | 12.55 | 0.07 | 12.33 |
| And | 655.60 | 657.70 | 2.10 | 1.36 | 4.14 | 0.09 | 25.95 |
| And | 733.45 | 756.00 | 22.55 | 0.65 | 0.76 | 0.03 | 1.50 |
| Incl | 748.55 | 751.30 | 2.75 | 4.43 | 2.07 | 0.12 | 9.05 |
| And | 756.90 | 763.60 | 6.70 | 0.54 | 0.02 | 0.02 | 0.33 |
| GCB-24-115 | Reassays ongoing | ||||||
| GCB-24-116 | 509.80 | 537.00 | 27.20 | 1.85 | 3.10 | 0.05 | 9.81 |
| And | 559.30 | 565.50 | 6.20 | 0.51 | 0.21 | 0.01 | 0.95 |
| GCB-24-117 | 460.50 | 495.00 | 34.50 | 0.89 | 0.99 | 0.10 | 6.69 |
| And | 495.00 | 498.55 | 3.55 | 0.37 | 0.01 | 0.04 | 6.37 |
| GCB-24-118 | 415.20 | 417.00 | 1.80 | 0.06 | 0.56 | 0.00 | 1.08 |
| And | 493.80 | 496.80 | 3.00 | 0.01 | 0.44 | 0.00 | 1.00 |
| And | 565.60 | 583.55 | 17.95 | 0.85 | 2.44 | 0.09 | 14.82 |
| And | 590.35 | 595.10 | 4.75 | 1.24 | 0.56 | 0.13 | 10.27 |
| And | 603.60 | 626.70 | 23.10 | 1.34 | 0.02 | 0.03 | 2.19 |
| Incl | 610.10 | 615.90 | 5.80 | 2.94 | 0.04 | 0.03 | 4.21 |
| GCB-24-119 | 505.85 | 507.50 | 1.65 | 3.73 | 6.82 | 0.22 | 28.48 |
| And | 513.30 | 513.70 | 0.40 | 0.61 | 2.16 | 0.14 | 23.00 |
| And | 519.50 | 519.80 | 0.30 | 1.81 | 0.46 | 0.24 | 14.00 |
| And | 579.85 | 583.45 | 3.60 | 3.66 | 3.43 | 0.21 | 18.36 |
| And | 605.85 | 617.95 | 12.10 | 1.32 | 2.97 | 0.10 | 14.74 |
| And | 676.05 | 681.40 | 5.35 | 0.01 | 0.03 | 0.00 | 0.79 |
| And | 690.15 | 744.50 | 54.35 | 0.25 | 0.41 | 0.02 | 0.84 |
| Incl | 710.50 | 715.35 | 4.85 | 0.35 | 4.10 | 0.02 | 1.24 |
| Incl | 717.00 | 720.85 | 3.85 | 1.17 | 0.06 | 0.04 | 3.14 |
| GCB-24-120 | 675.50 | 695.65 | 20.15 | 0.84 | 1.46 | 0.07 | 6.50 |
| And | 796.05 | 829.50 | 33.45 | 0.58 | 0.10 | 0.03 | 2.61 |
| Incl | 811.75 | 820.00 | 8.25 | 1.39 | 0.24 | 0.04 | 5.64 |
| Incl | 811.75 | 814.75 | 3.00 | 2.74 | 0.20 | 0.03 | 7.85 |
| GCB-25-121 | Reassays ongoing | ||||||
| GCB-25-122 | Reassays ongoing | ||||||
| GCB-25-123 | 410.60 | 416.40 | 5.80 | 0.67 | 0.55 | 0.03 | 4.18 |
| And | 545.20 | 545.55 | 0.35 | 0.74 | 4.56 | 0.12 | 18.00 |
| And | 568.50 | 569.05 | 0.55 | 1.52 | 4.14 | 0.38 | 26.00 |
| And | 626.15 | 627.65 | 1.50 | 0.87 | 2.56 | 0.08 | 9.20 |
| And | 678.35 | 720.40 | 42.05 | 0.56 | 0.58 | 0.04 | 5.09 |
| Incl | 678.35 | 683.20 | 4.85 | 3.04 | 3.45 | 0.25 | 30.73 |
| Incl | 706.45 | 720.40 | 13.95 | 0.59 | 0.44 | 0.03 | 3.29 |
| And | 735.10 | 738.40 | 3.30 | 0.66 | 0.01 | 0.01 | 1.21 |
| GCB-25-124 | 636.00 | 640.65 | 4.65 | 0.45 | 2.42 | 0.10 | 3.43 |
| And | 663.35 | 684.30 | 20.95 | 0.69 | 0.01 | 0.02 | 0.38 |
| GCB-25-125 | Reassays ongoing | ||||||
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Renaissance Zone
The Renaissance Zone was discovered by Nuvau in 2023, targeting a geophysical anomaly located in the "West Camp" of the Matagami Property, immediately north of the Caber Complex deposits.
A total of 27 holes were drilled to test the Renaissance Zone, with 16 intersecting massive and semi-massive sulphide zones. An initial MRE for Renaissance is in progress. Results from the most recent drilling at Renaissance are provided in Table 2, below.
Table 2: Assays results for the Renaissance drilling program
| Hole ID | from | to | length | Cu% | Zn% | Au(g/t) | Ag(g/t) |
| REN-24-15 | 329.85 | 337.65 | 7.80 | 0.69 | 7.41 | 0.20 | 22.66 |
| REN-24-16 | 280.80 | 281.80 | 1.00 | 0.12 | 1.35 | 0.01 | 5.00 |
| REN-24-17 | 258.70 | 279.30 | 20.60 | 0.36 | 2.79 | 0.04 | 7.49 |
| Incl | 258.70 | 263.15 | 4.45 | 0.45 | 2.95 | 0.13 | 23.22 |
| And | 274.60 | 279.30 | 4.70 | 1.03 | 9.16 | 0.03 | 6.54 |
| REN-24-18A | No significant mineralization | ||||||
| REN-24-18 | 384.00 | 384.70 | 0.70 | 0.32 | 0.08 | 0.03 | 6.00 |
| REN-24-19 | Reassays ongoing | ||||||
| REN-24-20 | 463.65 | 478.35 | 14.70 | 0.72 | 1.66 | 0.05 | 6.47 |
| Incl | 463.65 | 472.75 | 9.10 | 0.77 | 1.86 | 0.03 | 5.48 |
| And | 476.10 | 478.35 | 2.25 | 1.47 | 3.13 | 0.20 | 18.60 |
| REN-24-21 | Reassays ongoing | ||||||
| REN-25-22 | 380.90 | 381.55 | 0.65 | 0.12 | 2.22 | 0.03 | 6.00 |
| And | 398.20 | 398.50 | 0.30 | 0.70 | 0.23 | 0.05 | 11.00 |
| And | 412.35 | 412.75 | 0.40 | 0.61 | 3.70 | 0.04 | 19.00 |
| REN-25-23 | 294.00 | 295.00 | 1.00 | 0.01 | 0.85 | 0.00 | 0.00 |
| And | 303.00 | 303.60 | 0.60 | 0.01 | 0.81 | 0.00 | 0.00 |
| REN-25-24 | No significant mineralization | ||||||
| REN-25-25 | No significant mineralization | ||||||
| REN-25-25EXT | No significant mineralization | ||||||
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Figure 3: Renaissance Zone long-section
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McLeod extension
Intersected in 2023, the McLeod Mine extension demonstrated the potential for additional resources adjacent to existing mine workings, at the permitted past-producing Bracemac-McLeod Mine.
The extension discovery hole (MCL-13-31W1) returned 15.9 m grading 2.81% Cu, 14.80% Zn, and 0.39 g/t Au.
Seven new intersections from 5,526 m of additional drill holes completed will be incorporated into a MRE that is in progress. This zone will, along with the Caber Complex, be incorporated into future studies assessing the potential restart of the Bracemac-McLeod Mine and associated economic analysis. New results from the McLeod drill program are provided in Table 3 below.
Table 3: Assay results for the McLeod extension drilling program
| Hole ID | from | to | length | Cu% | Zn% | Au(g/t) | Ag(g/t) |
| MCL-13-31W6 | 1498.6 | 1502.8 | 4.2 | 0.23 | 2.39 | 0.14 | 11.90 |
| Incl | 1499 | 1500.05 | 1.05 | 0.65 | 3.92 | 0.13 | 20.24 |
| MCL-13-31W7 | 1400.6 | 1402.25 | 1.65 | 0.19 | 4.32 | 0.06 | 3.55 |
| And | 1426.85 | 1432.55 | 5.7 | 0.09 | 1.19 | 0.31 | 3.30 |
| MCL-13-31W8 | 1248.6 | 1251.3 | 2.7 | 0.18 | 2.84 | 0.45 | 6.59 |
| MCL-18-90W2 | 1605 | 1607.2 | 2.2 | 0.09 | 0.02 | 0.11 | 1.64 |
| MCL-18-90W3 | 1625.7 | 1627.4 | 1.7 | 0.09 | 0.54 | 0.18 | 3.24 |
| MCL-18-91W1 | 1500.2 | 1502.35 | 2.15 | 1.44 | 0.07 | 0.31 | 10.65 |
| And | 1510 | 1519.5 | 9.5 | 0.88 | 0.05 | 0.09 | 7.74 |
| And | 1531.5 | 1534.5 | 3 | 0.72 | 0.06 | 0.08 | 4.67 |
| MCL-18-91W2 | 1586.8 | 1611.75 | 24.95 | 1.04 | 2.36 | 0.14 | 7.03 |
| Incl | 1586.8 | 1591 | 4.2 | 0.52 | 10.96 | 0.42 | 11.71 |
| Incl | 1604 | 1611.75 | 7.75 | 2.45 | 0.24 | 0.11 | 11.39 |
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About Nuvau Minerals Inc.
Nuvau Minerals is a Canadian mineral exploration company advancing the Matagami mining camp, covering more than 1,300 km² of highly prospective ground in the Abitibi region of mine-friendly Québec. Nuvau's principal asset is the Matagami Property, which is host to significant existing processing infrastructure and multiple mineral deposits, but has never been subjected to a comprehensive gold-focused exploration program. The Company is leveraging innovative exploration methods, including AI-supported generative targeting and hydro-geochemistry, to identify and develop new gold and base metal deposits.
Qualified Person and Quality Assurance
Gilles Roy P. Geo. (Qc), Director of Exploration of Nuvau and a "qualified person" as is defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and has otherwise reviewed and approved the scientific and technical information in this news release.
Drill core samples are sawn by staff technicians to create half core splits. One split is retained in the drill core box for archival purposes with a sample tag affixed at each sample interval and the other split is placed in a labelled plastic bag along with a corresponding sample number tag and placed in the shipment queue.
Quality control samples including blind certified reference material ("CRM"), blank material, and core duplicates are inserted at a frequency of 1 in every 20 samples and sample batches of up to 60 samples were then shipped directly by Nuvau personnel to the ALS Canada Ltd. preparation laboratory in Rouyn-Noranda, Québec.
All submitted core samples are crushed in full to 95 % passing less than 2 mm (ALS code CRU-32). A 1000-gram sample was then riffled split from the crushed material and pulverized to 90 % passing 75 μm (SPL-22 and PUL-32a). Pulps are shipped from the preparation laboratory to ALS Canada Ltd.'s analytical lab in North Vancouver, British Columbia, for assay.
Lead, silver, copper and zinc analyses were determined by ore grade four acid digestion with an inductively coupled plasma atomic emission spectroscopy ("ICP-AES") or atomic absorption spectroscopy ("AAS") finish (ALS codes Pb-OG62, Ag-OG62, Cu-OG62 and ZnOG62), whereas gold was determined by 50 g fire assay analysis with an AAS finish (code Au-AA23).
A second method, PhotonAssay analysis (code Au-PA01), was used on a single sample from hole BRCG-25-01 where visible gold was observed. The remaining reject material was pulverized to 95% passing 106um (PUL-32a) and recombined with the remaining master pulp material and split into three jars (~500g each) and shipped from the preparation laboratory to ALS Canada Ltd.'s analytical lab in Thunder Bay Ontario, for photon assayed. The reported value is the combined weighted assay result representing the entire length of the sample. For comparison gold determined by 50 g fire assay analysis return 15.75 g/t Au, compared to 16.02 g/t Au by PhotonAssay.
ALS Canada Ltd. is an accredited, independent commercial analytical firm registered to ISO/IEC 17025:2017 and ISO 9001:2015.
For further information please contact:
Nuvau Minerals Inc.
Peter van Alphen
President and CEO
Telephone: 416-525-6063
Email: pvanalphen@nuvauminerals.com
Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce it has received a permit exemption under the British Columbia Mines Act to undertake a 10 to 15 line km induced polarization (IP) survey at the Company's 1,168 hectare North Island Copper project near Port Hardy on Vancouver Island, British Columbia.
Surface sampling and a preliminary 12.3-line km Induced Polarization (IP) survey in the 1990's identified an interesting chargeability anomaly at the historic Marisa Zone that was followed up by a five hole, 376.43 diamond drilling program. Two of the five holes hit interesting copper values including down hole intervals of 0.078% copper over 56.39 metres in DDH92-01 and 0.041% copper over 70.71 metres in DDH92-03 in an altered quartz diorite. Copper grades were increasing with depth in DDH92-03. The Company plans to follow up these historic results.
"NorthIsle Copper and Gold Inc. continues to produce excellent exploration results 15km to the west in the same belt of rocks that also hosts the past producing Island Copper Mine 7.5km to the southeast attesting to the tremendous exploration potential of the area", commented Questcorp, President & CEO, Saf Dhillon. "The Marisa Zone displays a strong historic IP signature and anomaly carrying encouraging copper numbers from very limited drilling, begging for a second pass with modern geophysical equipment and processing," he concluded.
Questcorp has received quotes from three different geophysical contracting firms to update the 35 year old IP survey utilizing modern equipment and data processing. The Company is reviewing the quotes and plans to select the contractor shortly.
Questcorp cautions investors a Qualified Person has not verified the historical exploration data and further cautions, the presence of copper mineralization on the NorthIsle Copper and Gold and the BHP properties is not necessarily indicative of similar mineralization on the North Island Copper property.
The technical content of this news release has been reviewed and approved by R. Tim Henneberry', P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.
About Questcorp Mining Inc.
Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
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