Breaking
Start Your Investing
Author

admin

Browsing
Investing

Equinox Gold and Calibre Mining to Join Forces in C$2.6 Billion Deal

Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Calibre Mining (TSX:CXB,OTCQX:CXBMF) have entered into a definitive arrangement agreement to merge, creating a major diversified gold producer in the Americas.

The deal will see Equinox acquire all the outstanding common shares of Calibre in an all-stock transaction, forming a new entity that will continue operating under the Equinox name.

The merger will establish a gold producer with a presence across five countries, anchored by two key Canadian assets: the Greenstone gold mine in Ontario and the Valentine gold mine in Newfoundland and Labrador.

When at full capacity, these mines are expected to produce an average of 590,000 ounces of gold per year.

Overall, Equinox is anticipating production of approximately 950,000 ounces of gold in 2025, with the potential to exceed 1.2 million ounces annually as its cornerstone assets reach full capacity.

Under the terms of the agreement, Calibre shareholders will receive 0.31 Equinox shares for each Calibre share held.

Once the deal is complete, Equinox shareholders will own approximately 65 percent of the new entity, with former Calibre shareholders holding the remaining 35 percent. The new company’s expected market cap is C$7.7 billion.

Equinox CEO Greg Smith called the merger a “transformative step forward” for both companies, stating, “By combining our assets, teams, and financial strength, we are creating a leading Americas-focused gold producer with enhanced scale, resilience, and the ability to generate significant long-term value for our shareholders and stakeholders.”

The new company will also benefit from the expertise of mining industry veterans, including Ross Beaty and Featherstone Capital’s Blayne Johnson and Doug Forster, all of whom will serve on the Equinox board of directors.

The announcement follows Equinox’s record-breaking financial and operational performance in 2024. The company sold 623,579 ounces of gold, generating US$1.5 billion in revenue and US$430 million in operating cashflow.

Results were driven in part by the successful ramp up of production at Greenstone, which achieved commercial production in November 2024 and contributed more than 111,700 ounces of gold in its first partial year of operation.

Additional details on the merger and the new entity’s financial outlook will be provided in Equinox’s upcoming audited consolidated financial statements, which are expected in mid-March.

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

This post appeared first on investingnews.com
Keep Reading
Investing

Craig Hemke: What’s Really Going on With Gold? Tariffs, Shortages, Fort Knox and More

Craig Hemke of TFMetalsReport.com weighs in on key questions in the gold market, including:

  • Why gold is flowing from London to New York.
  • What US gold monetization could look like.
  • What an audit of Fort Knox might uncover.

Watch the interview above for more from Hemke on those topics and more.

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

This post appeared first on investingnews.com
Keep Reading
Investing

PDAC 2025: Here’s What You Need to Know

The annual Prospectors & Developers Association of Canada (PDAC) convention is returning this year from March 2 to 5, and it comes as the world faces rising geopolitical uncertainty.

Governments around the world are increasingly recognizing the importance of the mining industry, and this year’s event promises to touch on key topics related to supply, demand and support for mineral exploration and mining.

PDAC will bring together an anticipated 27,000 attendees from over 135 countries, and whether you’re a veteran or first-time PDAC attendee, it’s never too early to start planning your schedule.

Read on for his perspective on the industry and his tips and tricks for making the most of PDAC.

INN: What is your sense of resource sector sentiment heading into PDAC?

RG: The PDAC Convention is a milestone in the mineral exploration and development world’s calendar. You hear people saying: “Can I get this project finished before I head off to Canada and the PDAC?” We are all excited to think of getting together with old friends and new ones, to do business, to share best practices and to collaborate on solutions to the sector’s biggest challenges. We have a shared purpose, knowing the vital role the industry plays, not only in providing the building blocks of everyday life in modern society, but also in evolving the way we live into the future.

And yet, our sector is facing significant headwinds. For exploration companies in particular, the ability to raise capital remains a pressing concern. Compounding this are potential changes to the fiscal landscape in Canada in terms of taxes and incentives that risk deterring investment at a time when the industry urgently needs it.

Looming over this uncertainty is the scheduled expiry of the Mineral Exploration Tax Credit (METC) at the end of March. Now, and at the Convention, PDAC’s top priority is to secure the permanent enshrinement of the METC.

For the past 25 years, the METC has been a core part of boosting our competitiveness that connects directly to a Canadian innovation: “flow-through funding.” Flow-through shares underpin the majority of Canada’s exploration spending. Without the METC, early stage exploration could decline sharply, threatening Canada’s abilities not only to meet its economic, productivity and mineral supply goals, but also to bolster economic opportunities across Canada, particularly in rural, remote and northern regions.

A permanent commitment to the METC would provide the stability and certainty needed to maintain Canada’s leadership in mineral exploration. The METC has a proven economic impact: it is one of the most productive Canadian fiscal incentives by delivering a significant return on investment without requiring outlay of public funds by the federal government. Increased exploration activity not only drives economic growth, but also strengthens domestic supply chains, supports electrification efforts and reinforces Canada’s long-term economic resilience.

INN: Overall, what trends stand out to you in the mining space right now?

RG: As the world’s economy and its political governance have become increasingly fragile and unpredictable, there is a growing recognition that the mineral industry’s role is a foundation of Canada’s economic strength.

Canadian minerals generate well over C$100 billion in annual GDP and support hundreds of thousands of jobs. A strong, thriving mineral industry helps buffer Canada from external pressures by ensuring a steady flow of revenue, job creation and infrastructure development.

Another key trend is the emphasis on securing domestic supply chains. Canada faces a pivotal choice: do we want to rely on offshore sources for minerals? Or should we invest in our own capacity to explore and develop essential resources? Investing in domestic mineral exploration not only reduces our dependence on foreign supply chains, but also strengthens Canada’s role as a reliable, responsible partner to global allies. The supply chains for critical minerals such as nickel, potash and uranium, provide great examples of how Canada is a reliable partner in supply chains. Canada is one of the world’s largest producers of these minerals; Canada’s nickel, potash and uranium mines are, I would argue, the best in the world; and Canada has been a trusted supplier of these minerals for decades.

Political decisions at home and abroad will play a significant role in shaping the mineral industry’s trajectory. As policymakers weigh changes that could impact investment — whether through tax reforms, trade policies or regulatory shifts — the mineral sector’s importance to Canada’s long-term economic health remains clear. Investment in mining isn’t just about resource extraction; it’s about building a more resilient, innovative and sustainable future for all Canadians.

INN: Can you talk about the themes we’ll see at PDAC this year?

RG: Whether it’s 2025 or 2024 … or 2004, the Convention’s themes have always been the same: whatever happen to be the most relevant and pressing issues in the sector at that time.

I have the utmost trust in the Convention Planning Committee and our staff team to address those issues.

For the upcoming convention, key areas of focus are: strategies for securing capital in a challenging global economic environment; building and sustaining meaningful partnerships with Indigenous Peoples; and advancing responsible mineral exploration through the exchange of innovative ideas and best practices. Our broad, adaptive approach ensures that PDAC remains the premier forum for tackling the industry’s most critical challenges.

INN: Are there any ‘can’t miss’ presentations or events at PDAC you would highlight?

RG: You have hit on a key issue: there are so many things going on at Convention that you just have to miss some really good stuff, unless you’re a quantum computer and can be in two places at once.

For investors who read this interview, there is a definite “can’t miss,’ and that is the Investors Exchange. It’s a fantastic showcase of mineral exploration and development companies actively seeking investors. It’s a great place to make connections, learn about opportunities and get a firsthand look at the potential our sector has to offer.

You want to talk to a CEO? Come to the Investors Exchange.

You can get access to the Investors Exchange and our Trade Show for as little as C$25 with an exhibit day pass. We also offer very attractive pricing for the whole of convention, to open all the doors to our technical and policy programming and networking events, and we are very much aware that we need to ensure that we are as accessible as possible.

Keynote sessions always feature some “shouldn’t miss” events. This year’s lineup is particularly exciting. Mike Henry, CEO of BHP (ASX:BHP,NYSE:BHP,LSE:BHP), will speak on “Building the World of 2020.” Eric Sprott, CEO of Sprott Family Office, will dive into “Current Issues and Opportunities in Canadian Mining.” His perspective is always expert.

We’re also thrilled to have Flavia Tata Nardini, CEO of Fleet Space Technologies, discussing how space technology and artificial intelligence are revolutionizing mineral exploration by identifying areas that cry out for geological attention. And Vale’s (NYSE:VALE) Onto discovery team will be presenting the prestigious Discovery of the Year: its Onto copper-gold deposit in Sumbawa, Indonesia. Onto is, in several ways, a very hot story.

Our integrated sessions are also unique. They combine sustainability, Indigenous and capital markets programming into dynamic discussions that cover all three critical areas. One standout session is “Success Stories and Challenges for Indigenous-Owned Clean Power at Mines,” which highlights real-world examples of how these important themes intersect. These innovative and integrated sessions offer a look at the future of mineral exploration and development.

INN: What advice do you have for attendees on maximizing their time at PDAC?

RG: It’s a little out of character for me to say, “Well, look at your phones.” But that is the place to start.

On PDAC.ca, look for “Schedule at a Glance” and identify sessions, presentations and exhibitors that align with your interests and goals. While you’re on that phone, don’t forget to register — doing so in advance will provide you with a QR code for quick and easy entry to the convention. A little planning goes a long way.

Take full advantage of the diverse programming, including the keynotes and technical sessions, as well as the sustainability, Indigenous and capital markets presentations and panels.

Don’t miss the standout networking events like the Network and the Canada Night Finale at the Fairmont Royal York Hotel — perfect opportunities to connect with industry leaders, peers and potential collaborators. By blending learning with networking, you’ll leave PDAC with valuable insights, new contacts and fresh opportunities.

INN: Final thoughts on PDAC?

RG: Yes — we really want young people to attend the Convention. They are our future! Attracting the next generation of professionals to the mineral exploration and development industry is a key priority for PDAC. The PDAC Convention is not just a global gathering for industry leaders, it’s also an incredible opportunity for students and young professionals to discover the vast career possibilities within the sector. Through dedicated programs and initiatives, PDAC is committed to helping aspiring professionals find opportunities, make meaningful connections and build fulfilling careers.

The Convention’s Student and Early Career Program supports this goal, offering a variety of comprehensive presentations, interactive sessions and networking events. Highlights include the Student-Industry Mixer, 20 minute mentoring sessions, guided trade show tours and the annual PDAC-SEG Student Minerals Colloquium.

These events create direct pathways for students to engage with potential employers, gain industry insights and even secure jobs or co-op placements. For mineral exploration companies, PDAC serves as the ideal platform to connect with emerging talent and assemble teams for upcoming projects.

Beyond the Convention, PDAC supports talent development through flagship programs like the Student-Industry Mineral Exploration Workshop (S-IMEW) — a two week, all-expense-paid experience that bridges academic learning with hands-on technical and business training in mineral exploration.

PDAC also collaborates with organizations like Mining Matters and the Mineral Industry Human Resources Council (MiHR) to promote career awareness, develop skills programs and foster a more diverse workforce. By investing in the next generation, PDAC is helping to ensure a strong future for Canada’s mineral industry.

INN: Final, final thoughts on PDAC?

RG: The Convention is affordable, and we are there for you!

Register for PDAC now

PDAC is widely regarded as a can’t-miss event for investors, executives and companies in the resource sector, and with over 1,100 exhibitors, this year’s convention is sure to be a dynamic experience.

If you’d like to attend PDAC, click here for detailed information on how to register.

You can also click here to sign up to receive the latest news and announcements from PDAC, or follow PDAC on Twitter, LinkedIn, YouTube, Facebook and Instagram. We look forward to seeing you there!

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

This post appeared first on investingnews.com
Keep Reading
Business

Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday.

Robinhood said it received a letter from the SEC’s enforcement division on Friday, detailing in a blog post that the agency has closed its investigation into the crypto business with no intention of moving forward with an enforcement action. The news comes three days after Coinbase similarly announced that the SEC has agreed to end its enforcement case against it.

Shares of Robinhood were last higher by about 1%.

In May 2024, Robinhood received a notice warning that it could be charged for potential violation of securities law within its crypto unit after previously being subpoenaed for its cryptocurrency listings, custody and platform operations — despite “years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’” Dan Gallagher, the company’s chief legal, compliance and corporate affairs officer, said at the time.

“Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities,” he said in a statement Monday. “We appreciate the formal closing of this investigation, and we are happy to see a return to the rule of law and commitment to fairness at the SEC.”

An SEC spokesperson declined to comment for this story.

The SEC’s dismissal of the Robinhood and Coinbase cases is an early sign of the regulatory sea change for the crypto industry promised by President Donald Trump during his election campaign. Despite the meteoric rise of the price of bitcoin under the previous administration, many crypto businesses saw it as low point due to the SEC’s notorious regulation-by-enforcement approach to crypto — as opposed to the creation of clear rules by which to operate — under the leadership of then Chair Gary Gensler.

Nearly half of Robinhood’s $672 million transaction-based revenue in the fourth quarter came from a 700% rise in revenue tied to crypto trading, as bitcoin rallied toward $100,000 for the first time ever on hopes of more favorable policies under Trump.

The shares have gained 38% so far in 2025.

This post appeared first on NBC NEWS
Keep Reading
Business

Starbucks to lay off 1,100 corporate workers as sales sag

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.

The cuts will not affect workers at the company’s cafes.

In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.”

“Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration,” Niccol wrote. “All with the goal of being more focused and able to drive greater impact on our priorities.” 

The layoffs come as Starbucks tries to draw coffee drinkers back to its cafes after same-store sales declined for four straight quarters. As customers turn to cheaper rivals in Starbucks’ two largest markets, the U.S. and China, Niccol has tried to revamp operations since he took the helm of the company last year, including by speeding up service.

Starbucks had about 16,000 employees who work outside of store locations as of last year. The cuts will affect people who work in corporate support, but not roasting, manufacturing, warehousing and distribution.

This post appeared first on NBC NEWS
Keep Reading
Business

Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat

Apple on Monday reaffirmed a commitment to invest hundreds of billions of dollars in the U.S. over the coming years amid pressure from President Donald Trump and the growing threat of his tariffs

The tech giant said it planned to spend $500 billion over the next five years in the United States, with intentions to hire 20,000 new workers and produce AI servers.

The plans include a server factory in Houston slated to open in 2026 and a manufacturing academy in Detroit. The company also said data centers in Arizona, California, Iowa, Nevada, North Carolina, Oregon and Washington would see expansions from the investment plans.

Monday’s move is Apple’s latest splashy announcement about investing in the United States, making it an acceleration of existing plans.

The company announced in 2021 that it was planning to invest $430 billion domestically over the next five years. In 2018, during Trump’s first term, Apple said it would make a $350 billion ‘contribution’ to the American economy over a stretch of five years, including the creation of 20,000 jobs.

Apple also confirmed Monday that an Arizona-based Taiwan Semiconductor Manufacturing Co. facility, which began development under the Biden administration, had started producing chips for it there — news that media had previously reported.

Trump sought to take credit for the latest announcement — and seemed to tip it last week shortly after meeting with Apple CEO Tim Cook and implied the trade duties he has threatened on a host of imports played a role.

“They don’t want to be in the tariffs,” Trump said last week, adding that Cook had halted plans to build two facilities in Mexico, an assertion Apple has not confirmed.

In a Truth Social post Monday, Trump cited ‘faith in what we are doing’ as the reason for Apple’s announcement.

In a note to investors, analysts at UBS cast some doubt about whether Apple can actually deploy $500 billion in the U.S. in the time frame it laid out, citing the company’s overwhelming reliance on suppliers outside the U.S. and the fact that it has historically lagged other large tech firms in making large capital expenditures.

‘While the headline figure on the surface is a large number, we believe it lacks substance at this juncture based on history,” the analysts wrote.

Apple’s playbook for avoiding tariffs appears to track closely with its strategy during the first Trump administration, when it allowed the president to take credit for a plant that had been making Mac computers in Texas for at least three years before he took office. Like other products Apple makes in the United States or says it intends to, the Mac made in Texas is not one of its mainstream models. Apple’s key revenue-generating products like the iPhone are all still manufactured outside of the country.

Apple and Cook have also gone a step further in Trump’s second term, both donating to Trump’s inauguration fund. Cook attended Trump’s swearing-in ceremony on Capitol Hill.

Apple said the new jobs it plans to hire for will be primarily related to research and development, engineering and AI. It also said it plans to expand investment in an existing advanced manufacturing fund.

“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” Cook said in a statement. “And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”

Apple shares were little changed in early Monday trading.

This post appeared first on NBC NEWS
Keep Reading
Politics

Trump rescinds Biden order protecting gender clinics from investigation, signals new whistleblower protections

The Trump administration is rescinding a Biden-era directive protecting hospitals from investigations and signaled that beefed-up protections for medical whistleblowers would be forthcoming.

The Health and Human Services Department (HHS) announced Friday it would be rescinding an executive order issued by former President Joe Biden in March 2022, which, among other things, gave hospitals the right not to comply with state-level investigations related to their provision of transgender medical treatments to minors. 
Trump’s directive eliminates these protections, and the rescission notice indicates that further safeguards for medical whistleblowers are anticipated in the future.

‘Under the Biden regime, the door for whistleblowers was closed,’ said Dr. Eithan Haim, who was prosecuted by the Biden administration after he leaked documents to the media that revealed Texas Children’s Hospital in Houston was performing transgender medical procedures on minors, even after it said it had stopped. ‘It was a complete inversion of the role of HHS, the role of our legal framework, because the criminal entities were being protected and the individuals exposing criminal entities were now the ones being targeted.’

Haim was indicted last year by Biden’s Department of Justice for blowing the whistle on Texas Children’s Hospital, after it continued to provide transgender medical treatments to minors even though the hospital had publicly indicated it had stopped such services in order to comply with new state guidance. Several days after President Donald Trump was sworn in, the charges against Haim were dropped. 

Under Biden’s March 2022 directive, titled, ‘HHS Notice and Guidance on Gender Affirming Care, Civil Rights and Patient Privacy,’ hospitals were permitted, but not required, to comply with investigations seeking information on their provision of transgender treatments. But, according to HHS’s rescission notice, such guidance lacked ‘adequate legal basis under federal privacy laws.’ The notice added that, ‘by its own terms,’ Biden’s March 2022 directive ‘permits’ the release of personal health information tied to transgender procedures when it is needed to comply with other laws. 

‘Covered entities should no longer rely on the rescinded 2022 OCR Notice and Guidance,’ stated HHS’ rescission notice. It added that ‘in consultation with the Attorney General’ the agency will also be ‘expeditiously’ issuing new guidance to protect whistleblowers who take action in accordance with Trump’s efforts to protect children ‘from chemical and surgical mutilation.’ 

Haim said that under Trump’s new leadership, the U.S. legal system is being restored ‘to a place of equal protection under law, particularly as it relates to people who are trying to follow [Trump’s] executive order, or any other federal laws.’

‘The key thing with this new directive is that, as a healthcare provider, if a hospital or other doctors are participating in misconduct, if they’re lying about something, if they are intervening on patients in a way that is harmful to those patients – especially kids – as a doctor, it’s not only something you should do, it’s something you have to do,’ Haim pointed out.

In addition to compelling hospitals and gender clinics to begin rigorous compliance with investigations, the Trump administration’s Friday directive also removed gender dysphoria from being considered a disability under the federal Rehabilitation Act and the Americans with Disabilities Act. It also rescinded orders from the Biden administration indicating it was discrimination for federally funded health programs to refuse to treat someone on the basis of their gender identity.

Fox News Digital reached out to HHS for comment but did not receive a response by publication time.

This post appeared first on FOX NEWS
Keep Reading
Politics

Trump tax cut plan hits turbulence ahead of House vote as Republicans split

A massive piece of legislation that House Republicans hope will advance a broad swath of President Donald Trump’s agenda is facing its final hurdle on Monday before a chamber-wide vote.

The House Rules Committee, the final gatekeepers for most bills before a House floor vote, is meeting to debate a measure that GOP leaders want to have on Trump’s desk by sometime in May.

The bill aims to increase spending on border security, the judiciary and defense by roughly $300 billion, while seeking at least $1.5 trillion to $2 trillion in spending cuts elsewhere.

As written, the bill also provides $4.5 trillion to extend Trump’s 2017 Tax Cuts and Jobs Act (TCJA) provisions, which expire at the end of this year.

It comes after the Senate held an all-night session to advance its own version of the Trump plan last week. In the Senate Republicans’ budget plan, the first reconciliation bill includes Trump’s priorities for border security, energy and national defense, while the second bill, to be drawn up later in the year, would focus on extending Trump’s tax policies from TCJA.

Since the commander in chief has already telegraphed his preference for House Republicans’ proposal, the Senate bill has been relegated to a de facto backup plan if the House is not able to pass its own. This much was relayed to senators by Vice President JD Vance last week as he gave them the White House’s blessing to push their bill forward, a source told Fox News Digital. 

Current margins dictate House Republicans can only lose one vote to still pass a bill without Democratic support.

Rep. Victoria Spartz, R-Ind., wrote on X Sunday night that she was against the bill as written.

‘Why I am a NO on the current version of the house budget instructions – I have a TRILLION DOLLAR QUESTION – where is the money – $1T? Interesting FACT: roughly 85% of spending is not ever even looked at by Congress – convenient if you would like to hide waste, fraud and abuse,’ Spartz announced.

Other Republicans have expressed concerns over the $880 billion in spending cuts under the Energy & Commerce Committee, which many have taken to mean at least some cuts to federal programs like Medicaid.

The House version of the bill differs from the Senate in that the latter version does not include funding for Trump’s tax cuts. Senate GOP leaders argue that splitting Trump’s priorities into two bills will allow the party to secure early victories on the border and defense, places where there is more agreement within the conference.

However, House Republican leaders contend that Republicans have not passed two reconciliation bills since the 1990s and under far more favorable margins.

Both chambers are contending with razor-thin margins and an ideologically diverse Republican conference as they look to make major conservative policy changes via the budget reconciliation process this year. 

By leveling thresholds for passage in the House and Senate at a simple majority, reconciliation allows the party in power to pass fiscal legislation without any support from the opposing side. The Senate has a two-thirds majority threshold to advance most measures.

It is not clear, however, whether Trump’s support for the House plan will be enough to get it over the line. 

This post appeared first on FOX NEWS
Keep Reading
Investing

Blackrock Silver Steps Out and Hits Multiple +1 kg/t AgEq Intercepts in First Assays from Resource Expansion Program at Tonopah West

Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) announces the first set of results from its exploration drill program (the ‘Resource Expansion Program’) that is targeting expansion potential across a one kilometre trend of vein corridor linking the Denver-Paymaster (‘DP’) and Bermuda -Merten (‘Bermuda) vein groups (collectively ‘DPB’) and the Northwest (‘NW’) Step Out resource areas on its 100% owned Tonopah West project (‘Tonopah West’) located in Nye and Esmeralda Counties, Nevada, United States.

RESOURCE EXPANSION PROGRAM HIGHLIGHTS:

  • TXC25-123 returned assays up to 23.47 g/t Au and 2,223 g/t Ag for 4,335 g/t AgEq over 0.31 metres within a 3.05 metre zone grading 225 g/t Ag and 2.41 g/t Au for 442 g/t AgEq;
  • TXC24-113 yielded 7.14 g/t Au and 614 g/t Ag for 1,257 g/t AgEq over 0.31 metres, and 1.68 metres of 364 g/t Ag and 0.03 g/t Au for 367 g/t AgEq;
  • TXC25-124 returned 8.06 metres grading 1.23 g/t Au and 122 g/t Ag for 233 g/t AgEq, including 0.76 metres of 779 g/t Ag and 7.85 g/t Au for 1,486 g/t AgEq;
  • Multiple high-grade vein intercepts in drillholes TXC24-113, TXC25-123 and TXC25-124 returning multi-kilogram AgEq assays;
  • Seven additional core holes are planned to reduce the spacing to 50-metre drill centres along a 450 metre portion of the trend.

The first assays from the Resource Expansion Program targeting the extension of the Tonopah West vein system returned results that confirm the Company’s geologic model and will be followed up on over the coming months in an expanded program. The initial Resource Expansion Program consisted of nine core holes with reverse circulation (RC) pre-collars and two core holes drilled from the surface. A total of 6,548 metres (21,484 feet) of drilling was completed.

The assay results show the extension of the silver and gold system continues to the northwest from the DPB resource area across the 1-kilometre vein corridor with each drillhole intersecting multiple mineralized quartz veins. A follow-up drill program is being planned that will reduce the drill spacing for over 450-metres of strike to 50 to 75-metre centers along the silver-gold trend that will be included in a future updated resource estimate. The NW Step Out zone is also open to the northwest and down dip, and connection with the DPB resource looks promising.

The mineralized quartz veins returned significant gold and silver values with gold (Au) up to 23.467 grams per tonne (g/t) Au and silver (Ag) values at 2,223 g/t Ag. In addition, drill thickness shows significant potential with vein intercepts exceeding 8 metres in TXC25-124. The NW Step Out target shows potential to add an additional 30 to 50% of new resource Tonopah West, connecting the zone to DPB, allowing for the capture and inclusion of the existing NW resource (1.0 million (M) tonnes containing an inferred 6.4 M ounces (ozs) Ag and 63k ozs Au or 12.1M ozs silver equivalent (AgEq))1 into a future updated preliminary economic assessment on Tonopah West.

Andrew Pollard, the Company’s President and Chief Executive Officer stated: ‘Initial assay results from our Resource Expansion Program have validated our geologic model, confirming multiple +1k g/t AgEq intercepts on the extension of the system across a host of veins over a 500-metre span of our one-kilometre gap. These results strengthen our confidence in adding both significant ounces and mine life at Tonopah West. Drilling has successfully connected high-grade mineralization within the southern portion of a one-kilometer gap within the vein corridor, linking the DPB resource area and mine plan to the 12-million-ounce AgEq NW Step Out deposit-excluded from our 2024 preliminary economic assessment. Initial results have successfully traced mineralized structures along a 500-metre extension of this zone, suggesting the potential to increase our existing mineral inventory by 30% to 50% and integrate the orphaned NW Step Out deposit. With our model becoming more robust, we are increasing expansion drilling with the goal of fully integrating the one-kilometre trend into our next preliminary economic assessment on Tonopah West, with an updated mineral resource estimate on Tonopah West planned in both Q3, 2025, in addition to a further updated mineral resource estimate and preliminary economic assessment on Tonopah West scheduled for completion in Q2 2026.’

Table 1: Tonopah West Assay Intercepts using 150 g/t AgEq cut off

Drillhole ID Program From (m) To (m) Drillhole Interval (m) Ag g/t Au g/t AgEq g/t
TXC24-113 Expansion 478.08 478.39 0.31 614.0 7.140 1,256.7
TXC24-113 Expansion 503.13 504.66 1.52 116.8 0.904 198.2
TXC24-113 Expansion 538.43 540.11 1.68 364.0 0.033 367.0
TXC24-114 Expansion 394.08 395.63 1.55 93.9 1.553 233.7
Including 394.08 394.41 0.34 288.0 5.270 762.4
TXC25-123 Expansion 436.87 437.54 0.67 182.0 1.690 334.1
TXC25-123 Expansion 471.83 474.88 3.05 225.4 2.412 442.5
Including 471.83 472.14 0.31 2,223.0 23.467 4,335.3
TXC25-124 Expansion 370.03 378.62 8.60 121.6 1.233 232.6
Including 371.55 372.31 0.76 778.6 7.854 1,485.6
TXC25-124 Expansion 407.40 410.26 2.87 176.8 1.785 337.5
Including 407.40 407.76 0.37 1,344.0 13.500 2,559.2
AgEq gpt=(Au gpt*90)+Ag gpt; True thickness unknown at this time; NSV=No values above cut off; Cut-off grade is 150 gpt AgEq; RC/Core = RC pre-collar with core tail; Core is core from the surface.

Drillholes TXC24-106, -109, -110, and -111, drilled on the northern portion of the trend were too far east to reach the mineralized structures. Drillhole TXC24-108 cut multiple veins, but returned values below the cut-off grade (0.31 metres grading 117 g/t Ag, 0.165 g/t Au for 132 g/t AgEq; 0.67 metres grading 73 g/t Ag, 0.263 g/t Au for 96 g/t AgEq; and 0.64 metres yielding 50 g/t Ag, 0.24 g/t Au for 72 g/t AgEq starting at 578m, 590m and 631m respectively). TXC24-112 was drilled in a northwesterly direction and deviated to the northwest thereby paralleling the main structural grain. One drillhole, TXC24-107, which was cored from surface was lost before reaching the target depth.

With drillholes TXC24-113, -114 and TXC25-123 and -124 cutting multiple high-grade veins, the exploration group has a better understanding of the geometry of the NW Step Out structures that will be used for refined targeting of our expanded Resource Expansion Program.

Table 2: Tonopah West Drillhole Location Coordinates (based on GPS readings in the field, Datum UTM, NAD 1927, Zone 11)

Drillhole ID Area Type UTM_NAD27 E UTM_NAD27 N Elevation (m) Depth (m) Azimuth Incline
TXC24-106 NW Step Out RC/Core 476887.1 4214846.1 1746.6 770.5 270 -80
TXC24-107 NW Step Out Lost 476889.2 4214843.0 1746.9 118.0 230 -65
TXC24-108 NW Step Out Core 476891.5 4214844.8 1747.3 713.4 230 -65
TXC24-109 NW Step Out RC/Core 476911.1 4214747.8 1748.0 657.5 270 -80
TXC24-110 NW Step Out RC/Core 476925.9 4214639.9 1744.1 657.5 270 -80
TXC24-111 NW Step Out RC/Core 477058.8 4214642.7 1747.6 708.7 230 -65
TXC24-112 NW Step Out RC/Core 477316.7 4214181.8 1751.9 737.0 290 -65
TXC24-113 NW Step Out RC/Core 477311.2 4214181.0 1751.7 540.1 220 -75
TXC24-114 NW Step Out RC/Core 477403.8 4214041.9 1757.9 618.1 220 -75
TXC25-123 NW Step Out RC/Core 477508.7 4214018.0 1767.1 502.3 180 -65
TXC25-124 NW Step Out RC/Core 477647.0 4213941.2 1763.5 525.5 180 -60

Figure 1 is a plan map showing the location of all the drillholes in the Resource Expansion Program and highlighting those mentioned in this news release.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/676/241966_2d02b911645078a6_001.jpg

Figure 1: Drillhole location map of the Resource Expansion Program showing drillholes mentioned in this news release.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/241966_2d02b911645078a6_001full.jpg

Quality Assurance/ Quality Control

All sampling is conducted under the supervision of the Company’s project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The RC and core samples are hauled from the project site to a secure and fenced facility in Tonopah, Nevada, where they are loaded on to American Assay Laboratory’s (AAL) flat-bed truck and delivered to AAL’s facility in Sparks, Nevada. A sample submittal sheet is delivered to AAL personnel who organize and process the sample intervals pursuant to the Company’s instructions.

The RC samples are lined out at the lab and logged in to AAL’s system. The core samples are cut using core saws and personnel at AAL’s facility in Sparks, Nevada according to the Company’s instructions delivered with each core hole.

All samples are dried, crushed to 85% passing 10 mesh (2mm) and a 250-gram sub-sample split is collected and pulverized to 200 mesh (74 micron) in a ring and puck pulverizer. Then the pulverized material is digested and analyzed for gold using fire assay fusion and an Induced Coupled Plasma (ICP) finish on a 30-gram assay split (FA-PB30-ICP). Silver is determined using five-acid digestion and ICP analysis (ICP-5AM48). Over limits for gold and silver are determined using a gravimetric finish (GRAVAU30 and GRAVAG30). Data verification of the assay and analytical results are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blank, lab blank or a certified reference material approximately every 15th to 20th sample.

Qualified Persons

Blackrock’s exploration activities at Tonopah West are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under NI 43-101. He has reviewed and approved the contents of this news release.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the Company’s strategic plans; the intention to expand the Resource Expansion Program; the timing of completion of the Company’s drill program at Tonopah West and the anticipated objectives and results therefrom; the interpretation of the assay results from the Resource Expansion Program; the potential to add an additional 30 to 50% of new resource Tonopah West, connecting the zone to DPB, allowing for the capture and inclusion of the existing NW resource; the timing of completion of updated mineral resource estimates and updated preliminary economic assessments on Tonopah West; the Company’s de-risking initiatives at Tonopah West; estimates of mineral resource quantities and qualities; estimates of mineralization from drilling; geological information projected from sampling results; and the potential quantities and grades of the target zones.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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 release.

For Further Information, Contact:

Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com

Source

This post appeared first on investingnews.com
Keep Reading
Investing

Cotec Holdings Corp. And McGill University Commence Project Wavecracker(TM) Targeting Application of Microwave Techology To Accelerate Sulphide Copper Leaching

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to announce it has entered into a joint collaboration and investigation agreement with McGill University, Québec, Canada (‘McGill’). The Project, ‘WaveCrackerTM‘ will investigate extended applications of microwave technologies with the aim of improving low-carbon, economic recovery of valuable metals from a range of mineral targets, with a starting focus on Copper recoveries particularly in advanced sulphide leaching applications. This collaboration builds upon, and extends, domain knowledge with new learnings and, in combination with other technologies, offers the potential for the low-carbon, low cost, production of ‘new’ copper metal.

As part of the collaboration in the Project, CoTec will leverage on McGill’s considerable experience in mineral processing and depth of research knowledge in the field of applied microwave technologies over the last 30 years.

Julian Treger, CoTec CEO commented; ‘We are very pleased with this collaboration, as McGill is a world-renowned mineral processing center, and we are very exited about the potential of WaveCrackerTM in copper sulphide extraction. CoTec is focused on technologies which leach low-grade primary copper sulphides, such as chalcopyrite, and copper waste material using a proprietary high throughput inorganic leaching technology Ceibo. We see the potential for using microwaves on copper sulphide waste to pre-condition the materials prior to the leaching process. Microwave pre-conditioning causes stresses and micro fractures in the rock, potentially increasing permeability and copper recoveries’.

Professor Kristian Waters, McGill commented; ‘The agreement to collaborate with CoTec provides an exciting opportunity to work with an extremely experienced industrial team in copper extraction. The guidance provided by CoTec in developing WaveCracker™ will be an important part of our Project. McGill has a track record of developing new and innovative mineral processing technologies, and this agreement significantly enhances the university’s capability to develop microwave pre-conditioning targeting copper sulphide leaching processes.’

About CoTec

CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange (‘TSX- V’) and the OTCQB and trades under the symbol CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the WaveCrackerTM agreement and its potential to open up new investment opportunities for the Company as well as management’s expectations with respect to other current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR at www.sedarplus.ca.

Neither 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.

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) to receive an Investor Presentation

This post appeared first on investingnews.com
Keep Reading