
August 19, 2025
Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) ("Sitka" or the "Company") is pleased to announce that multiple occurrences of visible gold have been observed, beginning near surface, in the first six drill holes to be completed by the Company at the Contact zone. Visible gold has now been observed in the drill core from every target that has been drilled within the Clear Creek Intrusive Complex so far this year, including Blackjack, Saddle, Eiger and Rhosgobel. Up to 5,000 metres of drilling is currently underway at the Contact-Pukelman zone (see Figures 3, 4 and 6) as part of the fully funded 30,000 metre diamond drill program currently underway at Sitka's 100% owned, road accessible RC Gold Project located in the Yukon's prolific Tombstone Gold Belt. Over 25,000 metres of drilling has been completed at RC Gold this year where drilling has focused on growing the Blackjack and Eiger deposits, expanding the mineralized footprint of the Saddle zone, and testing the potential of the Rhosgobel, Contact-Pukelman and Bear Paw targets to host additional intrusion-related gold deposits. Four drill rigs are currently operating on the Project with two rigs at Pukelman, one rig at Rhosgobel and one rig at Bear Paw (see Figure 6) with assay results currently pending for 52 holes.
- Visible gold observed in first six diamond drill holes drilled at the Contact zone
- Drilling to date has traced mineralization along a strike of approximately 900 m and to a depth of approximately 430 m from surface at the Contact zone
- Visible gold has now been observed in drill core from all five targets drilled within the Clear Creek Intrusive Complex this year
- First drilling completed since 2010/2011 that produced historical intersections in Contact zone of 38.3 m of 1.54 g/t gold, 74.3 m of 1.01 g/t gold and 43.4 m of 1.20 g/t gold in Holes CC11-043, 044, 045 respectively and 10.7 m of 20.46 g/t gold in CC10-22
- Six holes totalling 2,172 m completed as part of the ongoing 5,000 m of drilling planned at Contact-Pukelman target
- Drilling has also recently commenced at the Bear Paw target
- Results are currently pending for all holes drilled at Contact-Pukelman along with holes completed across Blackjack, Saddle, Eiger, Rhosgobel and Bear Paw
- Over 25,000 metres of the ongoing 30,000 m planned drill program completed with assays currently pending for 52 holes
"The Contact zone is now the fifth target drilled by Sitka Gold in 2025 to yield multiple occurrences of visible gold within the core of the Clear Creek Intrusive Complex," said Cor Coe, CEO and Director of Sitka Gold. "The widespread and robust gold mineralization being intersected in our drilling across this area continues to demonstrate that the RC Gold project is a unique gold camp with multiple intrusions that display the potential to host several multi-million ounce gold deposits within this relatively small 3 by 5 kilometre core area. With an existing multi-million ounce gold resource open for expansion and numerous other high-quality targets within the 431 square kilometre land package, RC Gold is quickly emerging as the foundation of a potential new mining district in the Yukon."
Figure 1: Examples of coarse visible gold (VG) observed in drill core at the Contact Zone. Recent drilling at the Contact Zone has intersected VG in all six holes completed so far this year, including the largest VG particles observed on the property in drill core to date (scale is the same for all pictures).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/263028_3e4ae39d74986bb2_001full.jpg
Figure 2: Example of large particles of visible gold seen within a quartz vein in metasedimentary rock in the drill core of DDRCCC-25-115 from 39.4 to 39.7 m length drilled at the Contact zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/263028_3e4ae39d74986bb2_002full.jpg
Contact-Pukelman Target
Six holes totalling 2,172 metres have been completed as part of the ongoing 5,000 metres of drilling planned at the Contact-Pukelman target. Drilling intersected broad intervals of strongly altered metasediments cut by several quartz monzonite, and biotite-feldspar porphyritic dykes, along with abundant, cm scale, sheeted quartz veins. Visible gold was observed in the sheeted quartz veins and was often associated with arsenopyrite, bismuthinite, and minor scheelite (see Figures 1 and 2).
Sitka's 2025 drill program is planned to expand the mineralized footprint of the Contact zone, test the zone with oriented diamond drill core to better understand controls on the mineralization and test the linkage between the metasedimentary and intrusion hosted mineralization of the Contact and Pukelman zones. The Contact zone was previously drilled in 2010 and 2011 with 1,660 metres in 12 holes of reverse circulation drilling and 254 metres in 2 holes of diamond drilling (see Table 1) and encountered significant mineralization in quartz veining within metasedimentary rocks up to 450 metres south of the Pukelman intrusion. Current drilling to date has traced gold mineralization across a lateral extent of approximately 900 metres x 650 metres and from surface to a depth of approximately 430 metres (see Figure 3 and Table 1). While this is an encouraging indicator of the potential size of this target, the Company cautions that additional drilling and assay results are required to confirm the extent and continuity of gold mineralization within this area.
* While visible gold observations are very encouraging and confirm the presence of gold mineralization, they are not intended to imply potential gold grades. Gold assays will be published after they are received from the lab for mineralized intervals in which visible gold particles were noted.
Figure 3: A location map of the Pukelman/Contact area showing the location of drill holes DDRCCC-25-111 to -116. Drilling to date has traced gold mineralization across a lateral extent of approximately 900 m x 650 m and from surface to a depth of approximately 430 m.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/263028_3e4ae39d74986bb2_003full.jpg
Table 1: Highlights of reverse circulation drilling from 2010 and 2011 at the Contact zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/263028_sitkatbl108192025.jpg
*Intervals are drilled core length, as insufficient drilling has been completed at this time to determine true widths.
(a) O'Brien, 2010; Assessment Report, 2010 Diamond Drilling Program, Clear Creek Property (Assessment report 095539)
(b) Shutty, 2011; Assessment Report, 2011 Exploration Program, Clear Creek Property (Assessment Report 095984)
Figure 4: Long Section showing target areas within the Clear Creek Intrusive Complex (CCIC), from the Blackjack deposit to the Rhosgobel target and the proposed drilling metres that were allocated as part of the 30,000 metre diamond drilling program planned for 2025. Visible gold has now been observed in drill core from all of the targets drilled this year within the CCIC.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/263028_3e4ae39d74986bb2_004full.jpg
Figure 5: Regional map of the RC Gold Project located in the western portion of Yukon's prolific Tombstone Gold Belt.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/263028_3e4ae39d74986bb2_005full.jpg
Figure 6: A plan map of the Clear Creek Intrusive Complex (CCIC) showing the updated resource areas at Blackjack and Eiger, and the six additional areas that have drill targets indicated by the mauve hatched areas. The map highlights the numerous drill targets that Sitka has outlined within the CCIC which all are connected by the road network on the project and occur in an area measuring five (5) km north-south and twelve (12) km east-west. Additional areas highlighted by strong gold in soil anomalies are being advanced to the drill ready stage with additional geological work in 2025.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/263028_3e4ae39d74986bb2_006full.jpg
About the Flagship RC Gold Project
Sitka's 100% owned RC Gold Project consists of a 431 square kilometre contiguous district-scale land package located in the heart of Yukon's Tombstone Gold Belt. The project is located approximately 100 kilometres east of Dawson City, which has a 5,000 foot paved runway, and is accessed via a secondary gravel road from the Klondike Highway which is usable year-round and is an approximate 2 hour drive from Dawson City. It is the largest consolidated land package strategically positioned mid-way between the Eagle Gold Mine and the past producing Brewery Creek Gold Mine.
The RC Gold Project now has pit-constrained mineral resources that are contained in two zones: the Blackjack and Eiger gold deposits with 1,291,000 ounces of gold in 39,962,000 tonnes grading 1.01 g/t gold in an indicated category and 1,044,000 ounces of gold in 34,603,000 tonnes grading 0.94 g/t in an inferred category at Blackjack and 440,000 ounces of gold in 27,362,000 tonnes grading 0.50 g/t gold in an inferred category at Eiger. These resource estimate numbers are supported by the recently updated technical report for RC Gold, prepared in accordance with NI 43-101 standards, entitled "Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory", prepared by Ronald G. Simpson, P. Geo., of GeoSim Services Inc. with an effective date of January 21, 2025. This report is available on SEDAR+ (http://www.sedarplus.ca) and on the Company's website (www.sitkagoldcorp.com).
Both of these deposits begin at surface, are potentially open pit minable and amenable to heap leaching, with initial bottle roll tests indicating that the gold is not refractory and has high gold recoveries of up to 94% with minimal NaCN consumption (see News Release July 13, 2022).
As of the end of 2024, the Company has drilled 72 diamond drill holes into this system for a total of approximately 25,136 metres. Other targets drilled to date include the Saddle, Josephine, Rhosgobel and Pukelman zones. The resource expansion drilling in 2023 at Blackjack produced results of up to 219.0 metres of 1.34 g/t gold including 124.8 metres of 2.01 g/t gold and 55.0 metres of 3.11 g/t gold in drill hole DDRCCC-23-047 (see news release dated September 26, 2023) and in 2024 results of up to 678.1 metres of 1.04 g/t gold starting from surface in DDRCCC-24-068, including 409.5 metres of 1.36 g/t gold, 93.0 metres of 2.57 g/t gold and 5.5 metres of 17.59 g/t gold (see news release dated October 21, 2024). Results from DDRCCC-25-075, completed during winter drilling in 2025, produced the best high-grade intercepts drilled to date at Blackjack, returning 352.8 metres of 1.55 g/t gold including 108.9 metres of 3.27 g/t gold and 45.0 metres of 4.52 g/t gold (see news release dated April 22, 2025).
A planned 30,000 metre diamond drilling program for 2025 is currently underway at RC Gold.
RC Gold Deposit Model
Exploration on the Property has mainly focused on identifying an intrusion-related gold system ("IRGS"). The property is within the Tombstone Gold Belt which is the prominent host to IRGS deposits within the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt include: Fort Knox Mine in Alaska with current Proven and Probable Reserves of 230 million tonnes at 0.3 g/t Au (2.471 million ounces; Sims 2018)(1); Eagle Gold Mine with current Measured and Indicated Resources of 233 million tonnes at a grade of 0.57 g/t Au at the Eagle Main Zone (4.303 million ounces; Harvey et al, 2022)(2); the Brewery Creek deposit with current Indicated Mineral Resource of 22.2 million tonnes at a gold grade of 1.11 g/t (0.789 million ounces; Hulse et al. 2020)(3); the AurMac Project with an Inferred Mineral Resource of 347.49 million tonnes grading 0.63 gram per tonne gold (7.00 million ounces)(4) and the Valley Deposit, with a current Measured and Indicated Mineral Resource of 7.94 million oz gold at 1.21 g/t and an additional Inferred Mineral Resource of 0.89 million oz at 0.62 g/t gold(5), and the Raven deposit with an inferred mineral resource of 1.1 million oz (19.96 million tonnes at 1.67 g/t gold)(6). The QP has been unable to verify the information regarding the above resource estimations and the information is not necessarily indicative of the mineralization on the property that is the subject of the disclosure.
(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June 11, 2018. https://s2.q4cdn.com/496390694/files/doc_downloads...
(2) Harvey N., Gray P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp. December 31, 2022. https://vgcx.com/site/assets/files/6534/vgcx_-_202...
(3) Hulse D, Emanuel C, Cook C. NI 43-101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020. https://minedocs.com/22/Brewery-Creek-PEA-01182022...
(4) Thornton T., Jutras M., Malhotra D. Technical Report Aurmac Property Mayo Mining District, Yukon Territory, Canada. JDS Energy and Mining Inc. February 6, 2024. https://banyangold.com/site/assets/files/5251/bany...
(5)https://snowlinegold.com/2025/05/15/snowline-gold-...
(6) Jutras, M. 2022. Technical Report on the Raven Mineral Deposit, Mayo Mining District Yukon Territory, Canada, prepared for Victoria Gold Corp and filed on SEDAR (www.sedar.com) with an effective date of September 15, 2022
Upcoming Events
Sitka Gold will be attending and/or presenting at the following events*:
- Precious Metals Summit, Beaver Creek, Colorado: September 9 - 12, 2025
- Yukon Geoscience Forum, Whitehorse, YT: November 16 - 19, 2025
- Swiss Mining Institute, Zürich, Switzerland: November 19 - 22, 2025
*All events are subject to change.
About Sitka Gold Corp.
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently advancing its 100% owned, 431 square kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon Territory. The Company is also advancing the Alpha Gold Project in Nevada and currently has drill permits for its Burro Creek Gold and Silver Project in Arizona and the Coppermine River Project in Nunavut, all of which are 100% owned by the Company.
*For more detailed information on the Company's properties please visit our website at www.sitkagoldcorp.com.
The scientific and technical content of this news release has been reviewed and approved by Gilles Dessureau, P.Geo., V.P. Exploration of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
"Donald Penner"
President and Director
For more information contact:
Donald Penner President & Director 778-212-1950 dpenner@sitkagoldcorp.com | or | Cor Coe CEO & Director 604-817-4753 ccoe@sitkagoldcorp.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.
Cautionary and Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions and the Company's anticipated work programs.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the results of the Company's anticipated work programs.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and 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. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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Fortune Bay: Maximizing Shareholder Value in Gold and Uranium
Fortune Bay (TSV:FOR) is a gold developer-explorer focused on unlocking value at the steepest part of the Lassonde Curve. The company combines a de-risked Canadian gold project with transformational discovery potential in Mexico, while also exploring partner-funded uranium assets.
Backed by strong community partnerships and a disciplined approach, Fortune Bay’s share structure positions it for multiple near-term catalysts as capital returns to quality juniors.
The Goldfields project in Saskatchewan, Canada, is situated in a top-tier mining jurisdiction with road access, proximity to hydropower, historical infrastructure, and advanced permitting groundwork. The 2022 PEA outlined average production of 101 koz/yr over 8.3 years, with C$234 million initial capex and life-of-mine AISC of US$889/oz (base case US$1,650/oz), showing strong sensitivity to higher gold prices. In 2025, the company engaged Ausenco for an updated PEA and commenced permitting to support future production — both initiatives are now underway.
Company Highlights
- Cycle-smart model: Advancing projects through discovery, resource expansion and early-stage development, then monetizing before the capital-intensive build phase.
- Flagship development-ready gold asset in Saskatchewan, Canada: Goldfields project with open-pit 0.98 million ounce (Moz) indicated @ 1.31 grams per ton (g/t) gold and 0.21 Moz inferred @ 0.92 g/t gold; 2022 PEA shows robust economics; a 2025 PEA update is underway alongside permitting and existing infrastructure reducing risk and timelines.
- Poma Rosa Project (Mexico): Historical gold resource at Campamento (1.04 Moz measured and indicated; 0.70 Moz inferred) sitting atop an untested porphyry system – offering both near-term ounces and discovery blue-sky; community re-engagement progressing to enable exploration restart. Historical estimate, not treated as current under NI 43-101.
- Uranium optionality, non-dilutive: Advancing Murmac & Strike (optioned to Aero Energy) and The Woods (optioned to Neu Horizon) under partner capital while Fortune Bay remains operator, leveraging uranium expertise, offsetting overhead and preserving discovery upside and exposure to uranium market tailwinds.
- Strong leadership: Led by discovery-driven geologists and capital-markets veterans with a track record of building and monetizing companies.
This Fortune Bay profile is part of a paid investor education campaign.*
Click here to connect with Fortune Bay (TSXV:FOR) to receive an Investor Presentation
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James Henry Anderson, senior market analyst at SD Bullion, discusses the factors behind gold and silver's recent price moves, saying a restructuring of the system is taking place.
"We're not that far in terms of the psychology that it requires to really break and get really massive flows, and people really afraid of what that currency's value is going to be," he said.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Why Does the US Federal Reserve Raise and Lower Interest Rates?
Tackling soaring inflation in the US is the job of the country’s central bank, known as the US Federal Reserve, or the Fed.
The US Fed has consistently made headlines in recent years due to its role in managing inflation through the use of interest rate changes.
Between mid-2021 and 2023, the US economy experienced high inflation, peaking at 8.5 percent in July 2022. The Fed has helped bring it largely under control through careful interest rate increases during that time period.
According to US Labor Department data, the inflation rate in July 2025 was 2.7 percent. As this is still above the Fed's target of 2 percent, the bank has been slow to lower interest rates so far.
It's important for any investor to understand the ins and outs of the Fed's role in US monetary policy and interest rates, as its decisions have a strong impact on US and global markets as well as precious metals prices.
Here the Investing News Network provides investors with insight into what the Federal Reserve and FOMC are, the Fed's role in US monetary policy, why it raises and lowers interest rates and more.
In this article
- What is the US Federal Reserve?
- What is the FOMC?
- How does the US Federal Reserve regulate monetary policy?
- Why does the US Federal Reserve hike or cut interest rates?
- How much has the US Federal Reserve hiked rates since 2022?
- How many times does the Fed meet each year?
- How many more US Federal Reserve meetings this year?
What is the US Federal Reserve?
The Federal Reserve, often referred to as the Fed, is the US central bank and monetary authority. It was established by the Federal Reserve Act in 1913, which gave the Fed responsibility for setting monetary policy in response to the 1907 Banker’s Panic.
“The Panic was caused by a build-up of excessive speculative investment driven by loose monetary policy,” explains Investopedia. “Without a government central bank to fall back on, U.S. financial markets were bailed out from the crisis by personal funds, guarantees, and top financiers and investors, including J.P. Morgan and John D. Rockefeller.”
Although it is an independent government agency, the Fed is accountable to the public and US Congress. The current Fed Chair is Jerome Powell, an investment banker who served as assistant secretary and undersecretary of the Department of the Treasury under former President George H.W. Bush. Powell took the helm at the Fed in 2018.
The Fed has a dual mandate: to achieve stable prices and stable employment. The government agency also provides banking services and is the main regulator of the nation’s banks. In times of economic turmoil, the Fed also acts as a lender of last resort.
It's important to note that while the Fed manages the national monetary policy and regulates the financial system in the US, its actions also have a powerful influence on the global economy.
What is the FOMC?
The Federal Open Market Committee (FOMC) is the Fed's monetary policy-making body. The 12 members of the FOMC are the seven members of the board of governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and four of the 11 reserve bank presidents who rotate through the positions for one year terms.
Why does the US Federal Reserve hike or cut interest rates?
For more than a century, the Fed has been tasked with keeping a watchful eye on any structural risk to monetary stability in the US financial system, and rising inflation and high unemployment are two of the biggest threats to monetary stability.
In the face of rising inflation, the Fed raises interest rates in the hopes of reigning in rapidly rising prices by curbing demand. When interest rates are higher, borrowing money becomes more expensive, which ultimately slows consumer spending and curtails corporate growth.
During times of slow economic growth, the Fed lowers interest rates in order to stimulate the economy. Lower interest rates in effect lower the cost of borrowing and investing for both businesses and individuals.
The Fed’s goal is to keep inflation around its target rate of 2 percent, and unemployment around 4 to 4.5 percent.
“The principle of inflation targeting is based on the belief that long-term economic growth is best achieved by maintaining price stability, and price stability is achieved by controlling inflation,” according to Investopedia.
What are the biggest contributors to US inflation?
Inflation is calculated through factoring in price changes of a weighted basket of goods and services, as well as housing.
For example, the COVID-19 pandemic that began in 2020 caused a surge of inflation in the US and globally.
Prices of goods were driven higher by a mix of factors, including significant supply chain disruptions hurting product availability, and economic stimulus packages increasing spending power and demand.
Additionally, the lasting switch to work-from-home for many led to increased demand for homes with space for offices, driving up housing prices. As housing is the highest weighted factor when calculating US inflation, this was one of the biggest drivers of inflation in the 2020s.
Global supply chains have since been hampered by factors like Russia's ongoing war in Ukraine and growing conflict in the Middle East. There is also the uncertainty generated from the global wave of tariffs sparked by US President Donald Trump's trade policies, which will raise the cost of goods purchased by American consumers.
This global supply and demand imbalance has led to rising prices for a wide range of consumer products, from gas to groceries. The result has been a loss in purchasing power for US consumers as their dollar needs to stretch further.
How much has the US Federal Reserve hiked rates since 2022?
In an effort to fight inflation, the American central bank consistently increasing rates from its March 2022 meeting with an initial boost of 25 basis points. Its hike of 75 basis points in June 2022 was at the time its largest since 1994, and it was followed by another three hikes of this magnitude in 2022.
The Fed raised interest rates by 5.25 percentage points between March 2022 and July 2023 before holding at 5.50 percentage points for more than a year. The Fed's current rate cutting cycle began with a .50 drop in September 2024.
_FOMC meeting date___ | Rate hike in basis points_ | Target federal funds rate_ |
January 25 to 26, 2022 | N/A | 0 to 0.25 percent |
March 15 to 16, 2022 | +25 | 0.25 to 0.5 percent |
May 3 to 4, 2022 | +50 | 0.75 to 1 percent |
June 14 to 15, 2022 | +75 | 1.5 to 1.75 percent |
July 26 to 27, 2022 | +75 | 2.25 to 2.5 percent |
September 20 to 21, 2022 | +75 | 3.0 to 3.25 percent |
November 1 to 2, 2022 | +75 | 3.75 to 4.0 percent |
December 13 to 14, 2022 | +50 | 4.25 to 4.5 percent |
January 31 to February 1, 2023 | +25 | 4.5 to 4.75 percent |
March 21 to 22, 2023 | +25 | 4.75 to 5.0 percent |
May 2 to 3, 2023 | +25 | 5.0 to 5.25 percent |
July 25 to 26, 2023 | +25 | 5.25 to 5.5 percent |
How many times does the Fed meet each year?
The FOMC holds eight meetings per year, typically scheduled every seven weeks. According to the Fed's website, during these meetings the FOMC “reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.”
How many more US Federal Reserve meetings this year?
As of August 21, three more Fed meetings are scheduled for 2025, and market participants will be closely watching these events.
It's too soon to know what exactly the Fed will do at these remaining meetings, but its July statement gives some clues — in it, the central bank said that it "seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate."
At the time, the Federal Reserve decided to hold rates steady at 4.25 to 4.5 percent for the fifth straight meeting as inflation remained elevated and job numbers appeared strong. The decision placed downward pressure on the gold price as a better economic outlook dimmed demand for the safe-haven asset.
While the current tariff war between the US and many of its major trading partners has some calling for a return to higher inflation, weak unemployment figures and other economic data published since the last meeting has caused others to consider the potential for a recession before the end of the year.
"At present, the latest economic data have been sufficiently mixed as to support either policy alternative," according to analysts writing for the Peterson Institute for International Economics. "The case for a rate cut is driven by the pronounced slowing in job creation, the failure of inflation to respond much to the initial tariff increases, and the fact that most FOMC participants view the current stance of policy as slightly tighter than neutral."
This is an updated version of an article first published by the Investing News Network in 2022.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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Heritage Mining Eyes Assay Results Following 4,500 Meters of Drilling at Key Ontario Projects
Heritage Mining (CSE:HML) is expecting to receive assay results from 4,500 meters of drilling work at both its Drayton Black Lake and Contact Bay projects this fall.
President and CEO Peter Schloo provided an update on progress at the company's gold-silver-copper assets in Northern Ontario in an interview with the Investing News Network.
“The rubber is really starting to hit the road. We've drilled off, this year, about 4,500 meters. We've had gold in each of the holes from New Millennium that we drilled earlier this year, and we've had some great success, technically, in all of our projects, thus far,” he said.
Drilling at the Zone 3 extension target at Drayton Black Lake has intersected a broad vein system up to ~74 meters in core length, with potential strike length of more than 4 kilometers, returning anomalous gold values so far. Drilling at Contact Bay’s Rognon mine area, meanwhile, has intersected the mineralized structure beneath the historic mine, an area never previously drilled, where visible gold has been observed in core.
“With all of our assay results coming in the month of September, I think it's the perfect time to really start paying attention to Heritage Mining. We've come a long way. We've done a significant amount of work, and we've got nothing but value to add here,” Schloo said.
Watch the full interview with Peter Schloo, president and CEO of Heritage Mining, above.
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Fortune Bay
Investor Insight
A cycle-aware gold developer-explorer focused on value creation at the steepest part of the Lassonde Curve – pairing a de-risked Canadian gold project with transformational discovery potential in Mexico, and overlaying partner-funded uranium exposure .
Advancing community partnerships in both jurisdictions underpin the strategy, ensuring responsible advancement and alignment with stakeholders.
With a tight share structure and disciplined approach, Fortune Bay is positioned for multiple near-term catalysts as capital flows back into quality juniors.
Overview
Fortune Bay (TSXV:FOR,FWB:5QN,OTCQB:FTBYF) is a technically driven gold exploration and development company whose strategy is to create value at the steepest part of the Lassonde Curve. The company advances assets through discovery, resource expansion and early-stage development, then seeks monetization routes (sales, JV buyouts, M&A, royalties or equity) before the project enters capital-intensive build phases. This cycle-aware approach aims to maximize per-share value while minimizing dilution.
The current portfolio spans two 100-percent-owned gold projects – Goldfields in Saskatchewan, Canada, and Poma Rosa (formerly Ixhuatán) in Chiapas, Mexico. These projects are complemented by three uranium assets in Saskatchewan – Murmac, Strike and The Woods – that are being advanced under partner funding.
Overall, Fortune Bay’s business strategy blends a de-risked development asset (Goldfields) with transformational discovery potential (Poma Rosa), and non-dilutive uranium exposure, positioning the company for multiple catalysts and potential re-rating as market capital flows into quality juniors.
Company Highlights
- Cycle-smart model: Advancing projects through discovery, resource expansion and early-stage development, then monetizing before the capital-intensive build phase.
- Flagship development-ready gold asset in Saskatchewan, Canada: Goldfields project with open-pit 0.98 million ounce (Moz) indicated @ 1.31 grams per ton (g/t) gold and 0.21 Moz inferred @ 0.92 g/t gold; 2022 PEA shows robust economics; a 2025 PEA update is underway alongside permitting and existing infrastructure reducing risk and timelines.
- Poma Rosa Project (Mexico): Historical gold resource at Campamento (1.04 Moz measured and indicated; 0.70 Moz inferred) sitting atop an untested porphyry system – offering both near-term ounces and discovery blue-sky; community re-engagement progressing to enable exploration restart. Historical estimate, not treated as current under NI 43-101.
- Uranium optionality, non-dilutive: Advancing Murmac & Strike (optioned to Aero Energy) and The Woods (optioned to Neu Horizon) under partner capital while Fortune Bay remains operator, leveraging uranium expertise, offsetting overhead and preserving discovery upside and exposure to uranium market tailwinds.
- Strong leadership: Led by discovery-driven geologists and capital-markets veterans with a track record of building and monetizing companies.
Key Projects
Goldfields Project
Located in Saskatchewan, Canada, Goldfields sits in one of the world’s top mining jurisdictions with road access, nearby hydropower, historical mining infrastructure and well-advanced permitting groundwork. The project’s 2022 preliminary economic assessment (PEA) outlined 101 koz/yr average production over 8.3 years with C$234 million initial capex and life-of-mine all-in sustaining cost of US$889/oz (base case US$1,650/oz), with strong sensitivity to higher gold prices. In 2025, the company engaged Ausenco to deliver an updated PEA and commenced permitting activities to support future production – both initiatives are currently underway.
Open-pit constrained resources at the Box and Athona deposits total 0.98 Moz indicated and 0.21 Moz inferred, reconciling closely with historical production. Beyond the current mine plan, Fortune Bay sees resource growth potential at depth, at Athona and across several shallow discovery targets (Frontier Mine Granite, Golden Pond, Triangle and Goldfields Syncline).
Poma Rosa Gold-Copper Project
In Chiapas, Mexico, Poma Rosa hosts the Campamento epithermal gold-silver system with a historical resource of 1.04 Moz gold, measured and indicated, and 0.70 Moz gold inferred, and sits above a large, under-evaluated copper-gold porphyry system evidenced by broad mineralized intercepts, including 601.4 m @ 0.3 percent copper, 0.7 g/t gold and 2.7 g/t silver at Cerro La Mina, and multiple target areas across the tenement.
Fortune Bay is re-establishing community relationships to enable exploration agreements and a restart of field programs, with a pathway that includes updating the historical resource to current NI 43-101 standards and testing porphyry/skarn targets. The Campamento estimate is historical and not treated as current.
Uranium Portfolio
The Murmac and Strike projects are optioned to Aero Energy, while The Woods is optioned to Neu Horizon. Together, they cover more than 60,000 hectares on and near the Athabasca Basin’s northern rim, targeting shallow, basement-hosted high-grade deposits. Drilling at Murmac/Strike has confirmed Athabasca-style mineralization with multiple shallow uranium intercepts. Meanwhile, The Woods offers district-scale potential along the Grease River Shear Zone with extreme surface/lake-sediment uranium anomalism. Fortune Bay remains the operator for these assets, while partners fund exploration, generating non-dilutive income and preserving discovery leverage.
Management Team
Wade Dawe – Executive Chairman
Wade Dawe is an accomplished entrepreneur, financier and investor . He has founded or co-founded a number of successful companies, including Keeper Resources, which was sold for $51.6 million in 2008, and Brigus Gold, which was acquired by Primero Mining in 2014 in an all-share deal valued at $351 million. Dawe is currently a director of TSX-listed Pivot Technology Solutions and of TSXV-listed kneat.com. He holds a Bachelor of Commerce degree from Memorial University (MUN), where he serves on the Advisory Board to the Faculty of Business Administration.
Dale Verran – Chief Executive Officer
Dale Verran is an exploration geologist and mining executive with over 25 years of international experience. He has a track-record of successful project generation, discovery and project advancement, in both Africa and Canada. Prior to joining Fortune Bay, Verran served as vice-president, exploration for Denison Mines, where he was involved in the discovery of over 70 million pounds of U3O8. He is a former executive technical director for a large independent exploration group operating in Africa, Remote Exploration Services, and former exploration manager for Manica Minerals, a private prospect generator company with an extensive multi-commodity portfolio of projects in Africa.
Sarah Oliver – Chief Financial Officer
Sarah Oliver has more than 10 years of experience working in the accounting and finance industries – most recently as the chief financial officer of the predecessor company to Fortune Bay. She worked with PwC Canada in their consulting and deals group and then in their assurance practice, as a senior manager where she assisted her clients through various acquisitions and mergers, public and private financings and advising on accounting policy and control implementation. Oliver has been a chartered professional accountant, chartered accountant since 2007.
Gareth Garlick – VP Technical Services
Gareth Garlick has approximately 25 years of international experience in the mining and mineral exploration industry. He is experienced in all aspects of the mining cycle, ranging from grassroots exploration to resource estimation and resource reconciliation on producing mines, and has been overseeing all of Fortune Bay’s operational and development-related work. Garlick is a registered P.Geo (EGBC) and holds a Bachelor of Science (Honours) in Geology from the University of Cape Town.
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