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Kremlin suggests another US-Russia prisoner swap could be coming: report

The Kremlin is suggesting that another U.S.-Russia prisoner swap could be coming, just days after the release of two Americans who were detained by Russia, a report says. 

The Kremlin said Thursday that the idea of a possible new prisoner exchange between Russia and the U.S. is on the agenda, with spokesman Dmitry Peskov noting that talks between both sides this week in Saudi Arabia contributed to a general rapprochement, according to Reuters. 

At least 10 Americans remain held in Russia, the news agency reported. Kalob Byers, a 28-year-old American citizen detained in Russia on drug smuggling charges earlier this month, was freed ahead of Tuesday’s talks in Riyadh.  

Byers’ release came as Marc Fogel, a U.S. citizen who was detained on drug charges in Russia four years ago, was released last week in exchange for Russian prisoner Alexander Vinnik, who had been held by the U.S. government on cryptocurrency fraud charges. 

After his arrival in the U.S., Fogel, from Pennsylvania, met with President Donald Trump at the White House and called him a hero for securing his release. 

U.S. and Russian officials held diplomatic talks in Saudi Arabia without any Ukrainian officials present on Tuesday. 

The groups, led by Secretary of State Marco Rubio and his Russian counterpart, Foreign Minister Sergey Lavrov, were seeking terms for a peace agreement in Ukraine as well as negotiating a potential meeting between President Donald Trump and Russian President Vladimir Putin.  

State Department spokeswoman Tammy Bruce also confirmed that Rubio’s team agreed to ‘lay the groundwork for cooperation’ with Russia on various issues in addition to Ukraine.  

Fox News’ Landon Mion, Anders Hagstrom, Jacqui Heinrich and Brie Stimson contributed to this report. 

This post appeared first on FOX NEWS
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DAVID MARCUS: Fort Knox is the new Al Capone vault, but in reverse

NEWYou can now listen to Fox News articles!

DOGE administrator Elon Musk may soon be taking a page out of the book of legendary TV newsman Geraldo Rivera by hosting a livestream opening up Fort Knox to see if America’s gold is really still there.

Quite well, do those of us of a certain age remember that night in 1986 when Rivera cracked open a long-forgotten vault at a Chicago hotel where notorious gangster Al Capone had lived, only to find, with no small degree of embarrassment, that it was all but empty.

In those days, without Netflix or 62,000 cable channels, 20 million Americans tuned in live, there were medical examiners present in case bodies were found, IRS agents on hand to seize any ill-gotten treasure. But in the end, all they found was the biggest sad trombone moment in the history of television.

Fast-forward to Fort Knox, where a reported $425 billion worth of government gold is reportedly stored.

In 1936, the federal government decided to send about half of the physical gold that our nation owns to a fortified facility in Kentucky for safe-keeping. Almost instantly it became a metaphor for two things, one, wealth, as in, ‘all the gold in Fort Knox,’ and the other, security, as in, ‘harder to get into than Fort Knox.’

Nobody really doubts the security of the compound. It almost certainly remains as impregnable as ever, even to Musk. But are the guards there to protect the gold, or to hide an embarrassing secret?

Now let’s be clear, there is no reason, beyond conspiracy theories, to believe that the gold isn’t there, or that Treasury employees are busy painting red bricks yellow in anticipation of the DOGE visit. 

Newly minted (so to speak) Treasury Secretary Scott Bessent has assured Americans that ‘All the gold is present and accounted for.’ But some Republicans, like Kentucky Senator Rand Paul want more, as he told Fox News, ‘the more sunlight the better, the more transparency the better.’

President Donald Trump concurs. At a gaggle on Air Force One on Wednesday, he told reporters, ‘We hope everything is fine with Fort Knox, but we’re going to go into Fort Knox, the fabled Fort Knox, to make sure the gold is there.’

The fabled Fort Knox indeed. Get your popcorn. Lights, camera, action.

It would be pure historical poetry if Geraldo Rivera was once again tapped to host the live coverage of the unearthing of the Fort Knox vault, and with such an amusing twist, for this time, it’s not a full vault that would be the big story, but an empty one.

It’s actually difficult to comprehend what would happen if sometime in the next few days cameras show us that the gold is gone, not just for the financial system, but for our general faith in the government. It’s the kind of lie that you can’t really come back from.

Hundreds if not thousands of people would have to be complicit in this canard, including powerful figures such as Bessent. If there’s no gold at Fort Knox then Katy bar the door, because everything the government told us after would be deeply suspect, as if it isn’t already.

Even if the outcome of this special live event is banal and expected, even if we are simply treated to the vision of shimmering stacks of glorious gold that are supposed to be there, Sen. Paul is right that such transparency would put a lot of conspiracy theories to bed.

In and of itself, Trump’s dedication to radical transparency is a great move forward for a country that has lost faith that its leaders are telling them the truth, that will no longer simply take for granted that things really are the way they are supposed to be.

It can be argued that this distrust of the government, so pervasive on all political sides, is actually the greatest threat we as Americans face. Not the border, not China, not inflation, but a total lack of confidence that our will is being done in the halls of power.

So bring on the telestream, live from Fort Knox, build up the fanfare and line up the pundits, let us all see together if the good word of The Treasury Department should be given our full faith and credit, or if the biggest scam of the past century has somehow occurred.

And I’m serious, who better to guide us through it than the original himself? It’s time for Geraldo to get another bite at the apple and see if this time he actually finds the treasure. 

This post appeared first on FOX NEWS
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Disputed DOD nominee is ‘best person’ to implement Trump and Hegseth agenda, key conservative group says

An influential conservative group is throwing its weight behind Elbridge Colby’s nomination to serve in a top position at the Defense Department. 

The Heritage Foundation said, in a memo obtained by Fox News Digital, that Colby is ‘without question the most influential defense policy thinker in over twenty years.’

‘For far too long, the United States has employed the Department of Defense – and the men and women of the U.S. military – to engage in activities that were not central to American interests,’ the letter read. 

‘From peacekeeping operations in far-flung theaters, to nation-building among cultures riddled with ethno-sectarian and religious strife, to democracy building in areas with no history of the rule of law, the Department of Defense has spent much of the post-Cold War era expending resources and American lives in conducting operations that are tangential to U.S. interests.’

MAGA loyalists have muscled Republicans who are hesitant of Colby’s nomination to serve as undersecretary of defense for policy, mostly over his realist worldview. 

Colby has suggested that the U.S. living with a nuclear Iran is more plausible than countering the country’s nuclear assets, a position that has reportedly prompted concern for Sen. Tom Cotton, R-Ark., a member of the Armed Services Committee, which will vote on Colby’s nomination first. 

Colby is ‘the single best person to implement President Trump’s and Secretary Hegseth’s policies within the Department of Defense and ensure that American lives and resources are used judiciously against prioritized threats,’ according to Heritage.

The current acting undersecretary of defense for policy, Alex Velez-Green, was plucked for the administration while working as a policy advisor for the Heritage Foundation’s Center for National Defense.

Vice President JD Vance expressed support for the Trump nominee, writing, ‘Bridge has consistently been correct about the big foreign policy debates of the last 20 years.’

‘He was critical of the Iraq War, which made him unemployable in the 2000s era conservative movement. He built a relationship with [the Center for a New American Security] when it was one of the few institutions that would even hire a foreign policy realist,’ Vance said. 

Colby, who worked at the Pentagon during Trump’s first term, has long asserted the U.S. should limit its resources in the Middle East and refocus on China as the bigger threat. 

Sen. Roger Wicker, R-Miss., chairman of the Armed Services Committee, told Roll Call that Colby’s nomination posts ‘a concern to a number of senators.’ 

Colby served in the first Trump administration as deputy assistant secretary of defense for strategy and force development and was the primary author of the 2018 U.S. National Security Strategy. 

Donald Trump Jr. wrote of Colby in an op-ed for Human Events on Tuesday: ‘He starts off in exactly the right place – with the concrete interests of the American people, not abstractions like ‘the rules based international order’ or spreading democracy in the Middle East.’ 

Meanwhile, Turning Point USA founder Charlie Kirk accused Cotton over the weekend of ‘working behind the scenes’ to kill Colby’s nomination. 

‘Colby is one of the most important pieces to stop the Bush/Cheney cabal at DOD,’ Kirk wrote in a post on X. ‘Why is Tom Cotton doing this?’

Elon Musk echoed Kirk’s post: ‘Why the opposition to Bridge? What does he think Bridge will do?’

Cotton will meet with Colby in the coming days before making up his mind on how to vote, sources told Fox News Digital. 

Fox News’ Julia Johnson and Aubrie Spady contributed to this report.

This post appeared first on FOX NEWS
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The Hitchhiker’s Guide to confirming Kash Patel and the marathon Senate voting session to tee up Trump era

The Senate votes late Thursday morning to break a filibuster on the nomination of Kash Patel to run the FBI. 

Senators will vote to confirm him around 1:45 p.m. ET, with the final result due after 2 p.m ET. He will be confirmed along party lines. 

Then the Senate returns to the budget framework to advance parts of President Donald Trump’s policy agenda.

The Senate began its 50-hour debate on the the budget Tuesday night.

The budget process is lengthy and arduous. It culminates in a marathon vote series – known as a vote-a-rama Thursday night through Friday – if not the wee hours of Saturday morning.

The last such vote-a-rama consumed 41 consecutive votes and took more than a day in real time to complete. 

This onerous exercise is all to get to that final product that enables Republicans to bypass the Senate filibuster later. However, the proposal must be fiscal in nature and not add to the deficit over a 10-year period.

Here’s something important to know:

The mechanics just spelled out create nothing more than a shell. This is a legislative ‘chassis.’ BOTH the House and Senate must have this in place to eventually debate substantive and ‘binding’ provisions of legislation down the road – be it border security or massive tax cuts. No ‘chassis,’ then no final bill.

So this is an important phase in moving the president’s agenda, but not the end result. 

House Republicans will try to advance their own plan next week. It focuses more on tax cuts and has the blessing of the president. But the House and Senate must still get on the same page. And so far, they are working at cross purposes. 

This post appeared first on FOX NEWS
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Europe’s closest ally is in bed with its worst enemy. Now what?

How did things get so bad, so fast?

Europe’s leaders and officials have been blindsided by a staggering collapse in American support for Ukraine in the past week. Many still cannot understand why US President Donald Trump has turned so furiously on Ukraine’s leader, Volodymyr Zelensky, parroting the vitriolic disinformation usually heard from the Kremlin.

Leaders on the continent weren’t part of the Russia-US talks this week. They don’t know when the US will present a proposed peace deal to Kyiv, or make good on its threat to turn its back on the conflict. And they don’t know what will happen next.

“The way in which this was delivered – blow after blow after blow, within days – that was a real shock” for the continent, said Armida van Rij, a senior research fellow and head of the Europe Programme at London-based think tank Chatham House.

European politicians are working through their grief. A frantic summit in Paris sparked a raft of hawkish new ideas, aimed at framing the contours of an uncertain new reality.

But still, key capitals are adrift in their aims. A peacekeeping force, hiked defense spending and new military aid have all been put forward, but never in chorus. Europe’s scattershot intentions formed one half of a stunning split-screen this week; on the other side were the US and Russia, suddenly chummy, tossing Ukrainian demands and territories off the negotiating table.

The emergence of a leader might help, some experts say: A figurehead who can corral Europe behind a universal intention, building a bridge between Kyiv and Washington. Britain’s Keir Starmer and France’s Emmanuel Macron are the most obvious candidates, and both will visit DC next week, trips that have taken on outsized importance.

But Europe is not known for its unity on defense, and every major leader has electoral or economic headaches at home. Plus, there is the thorny issue of when, and how hard, to push back on Trump; governments know that rupturing that relationship might play into Moscow’s hands.

Boots on the ground

Europe expected Trump to be less interested in Ukraine’s fight for sovereignty than the previous Biden administration, but it wasn’t primed for a break-up so sudden, unequivocal and bitter.

The sight of a sitting US president blaming an adversary’s invasion on its besieged ally was staggering, and drew unified condemnation from European leaders. On an emotional level, as well as a practical one, Europe has been shellshocked.

But it should not have been. For months, Trump and his inner circle had demurred and speculated over the start and hypothetical end of the war in Ukraine, and displayed an indifference to Kyiv’s sovereignty that signaled a jarring shift in policy was coming.

From the moment of Trump’s election victory, van Rij said, “European heads of government should have been getting together … to figure out what the European plan was going to be. But that hasn’t really happened.” Instead, it waited until now to act with real urgency.

Two futures exist: one with a peace deal, and one without. But either would likely require European leadership; Trump’s administration has made clear its priorities lie in the Indo-Pacific and on its own borders.

UK Prime Minister Starmer made the first significant move to jostle European governments behind a common goal, announcing this week a marked shift in policy: Britain would be ready to put boots on the ground to keep an agreed peace in Ukraine.

Western officials said Wednesday that such a force would likely number fewer than 30,000 troops, and would focus on “reassurance,” securing key Ukrainian infrastructure and working to instill confidence in the state.

The officials said the effort is being led by Britain and France. Paris first mooted putting boots on the ground last year but was roundly rebuffed by Europe. But Starmer has made clear that an American “backstop” would be key; the officials said such a backstop would likely be focused around air power, and be controlled from a NATO country like Poland or Romania.

Starmer and Macron will be expected to pitch Trump on those plans in Washington next week.

But there are many unanswered questions – if NATO soldiers are attacked by Russian on Ukraine’s non-NATO soil, for example, what level of response would it draw?

And Starmer, who oversees a creaking military that has reduced in size since wars in Iraq and Afghanistan, would need buy-in from Europe, too. “The British Army is suffering from the cumulative effects of 40 years of decline,” Drummond said.

A painful split

Putting boots on the ground is not a universally popular idea. Importantly, Poland – which boasts NATO’s largest military in Europe and is a significant player in Ukraine – is reluctant, fearing it would make its own borders more vulnerable.

Should an informal, smaller European leadership group take shape, Polish Prime Minister Donald Tusk will likely expect to be involved. He will come to the table with uncomfortable truths for larger nations like Britain, France and Germany about the amount they are putting towards defense.

And Germany is in line for a particularly harsh dressing down. An inconveniently timed election on Sunday could result in weeks of haggling over its next government. The probably incoming chancellor, Friedrich Merz, used last week’s Munich Security Conference to set out a hawkish position on Ukraine.

But German military spending stands around a paltry 1.5%; Merz says it needs to be raised, but has avoided firm commitments. Russia’s war has already limited Germany’s voice in Europe on defense issues – Berlin spent decades forging closer economic ties with Moscow, despite Poland’s protestations – and Merz will struggle to regain it.

In any case, a glaring possibility exists that a peace deal, agreed by the US and Russia, is rejected by Zelensky, or that Putin doesn’t agree to peacekeepers. Europe’s support would then become essential, if Ukraine is to keep up a difficult war without an end date.

That means more than words; Europe will need to fill a gap in military aid too.

Western officials said this week that Kyiv likely has received enough military supplies to last until the summer.

“Biden got a lot of kit in before the inauguration. Kit is still going in” one said. But losing American contributions would be a big blow: the official said there is a “difference in quality” between America’s supplies and Europe’s.

Sorting through the pieces of the break-up of a decades-long security relationship with America would be painful and complicated work. But Europe has realized this week that it may be necessary.

This post appeared first on cnn.com
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Young voters are powering the rise of Germany’s far-right AfD party

On a wet evening in Suhl, in the former East Germany, a smattering of youthful faces were among hundreds lining up to hear from an unlikely idol – Björn Höcke, one of the most controversial figures in the far-right Alternative for Germany (AfD) party.

Höcke, a former history teacher, has been found guilty of using Nazi terminology in a speech and has faced criticism for his views even within the AfD, seen as a pariah by Germany’s mainstream parties.

This mattered little though at the non-descript hall tucked away in a deserted shopping center in Suhl. When asked about his popularity among young people and if he is a good role model, he was clear in his answer.

Höcke is capable of pulling a big crowd, he is lauded in these parts. The AfD’s victory in the state in elections last year made it the first party to win any sort of election since the Nazi era.

Yet the trend of young voters choosing the AfD for their politics is a phenomenon that is a rising across Germany.

Polls for the upcoming election on Sunday, and the AfD’s success in regional elections last year, show the party has transformed from regional to national force.

If European election results last year – which saw an 18% increase in 16–34-year-olds voting for the AfD – are a barometer, the rise nationally among the same group could form a significant part of the AfD’s likely climb into second place.

The AfD in Thuringia is designated an extremist organization by German domestic intelligence and Höcke is its leader.

But many of the young people we spoke to didn’t attempt to hide their admiration for Höcke, with some saying they came specifically to listen to him.

Dante Reidel, a 26-year-old student, standing next to a stall selling the German far-right magazine “Compact,” said he is also a designated extremist.

For Reidel, Höcke is an idol, “it’s also about the personalities… who embody certain values. And what I really appreciate about Höcke is that he is honest… and he speaks plainly.”

He details some of his ideology and what he views as important to him. In particular the veneration of nationalistic, expansionist and militaristic periods of history.

“Prussian virtues, things like diligence, discipline. These are things that are important, including the cardinal virtues from antiquity,” he said.

The Young Alternatives are also nationally designated as extremists. It is part of the reason that they recently voted to disband and reform more formally under central AfD control. Engelhardt says the designation is a conspiracy against them and that they have no extremists in their ranks.

When asked about why so many young people are voting for the AfD, he repeats the now-common AfD refrain.

“Migration is the mother of all crises. We have a lot of illegal immigrants in this country… who are not behaving. And I think that many of the problems we have today… are also caused by migration, by uncontrolled mass immigration,” Engelhardt says.

The same week, a car driven by an Afghan migrant tore through a peaceful protest in central Munich. A 36-year-old woman and a 2-year-old died from their injuries.

CNN One Thing - Square
CNN One Thing What Elon Musk Sees in Germany’s Far-Right
As US and Russian officials meet about the war in Ukraine – without Ukraine – European leaders are feeling similarly sidelined. Meanwhile, Germany’s controversial far-right party could make major gains in elections on Sunday – and Elon Musk is cheering them on.Guest: Sebastian Shukla, CNN Producer Have a tip or question about the new Trump administration? Call us at 202-240-2895.
Feb 19, 2025 • 22 min

It marked the third attack in as many months. An Afghan migrant killed two in a Aschaffenburg knife attack in January, and a car-ramming at a Christmas market in Magdeburg killed six last year.

The spate of attacks has catapulted the issue of migration to the fore.

The AfD’s response has been to call for “remigration”: The mass return of migrants.

The term has Nazi connotations. Engelhardt called it a “scientific term” and says the deportation of people is not what they are calling for but rather, they want a tighter migration policy more generally.

Regardless of the designations, connections to extremist individuals and reforming of his political association, Engelhardt remains certain that Germany’s future lies in the hands of the young.

He said “something has changed” in young German voters.

“The fact many young people want to vote for the AfD means that we also have a future.”

This post appeared first on cnn.com
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Drills Wide Intervals Within the High Grade Panel and Hits Satellite Zones at Ana Paula, Mexico

HIGHLIGHTS:

  • High Grade Panel
    • 161.0 metres @ 4.26 grams per tonne (g/t) gold including
    • 30.0 metres @ 10.1 g/t gold, and
    • 15.7 metres @ 10.4 g/t gold
  • Parallel Panel
    • 3.0 metres @ 21.4 g/t gold
  • Satellite hit (over 150m below High Grade Panel)
    • 24.0 metres @ 5.10 g/t gold

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to announce additional results from the 100% owned Ana Paula project in Guerrero, Mexico. The Company has drilled 3,210 metres in phase one of the program and will follow-up the best results with a second phase program.

Heliostar CEO, Charles Funk, commented, ‘Drilling at Ana Paula continues to demonstrate the deposit’s most unique aspect; long intervals of consistent high-grade gold mineralization. The drill program is both expanding the boundaries of the High Grade Panel and infilling sections to upgrade resource classifications. We continue to intersect satellite zones that are open to expansion including 24 metres grading 5.10 g/t gold, over 150 metres below the base of the High Grade Panel and 3 metres grading 21.4 g/t gold in the Parallel Panel. These indicate that more infill drilling can add higher grade ounces to the Ana Paula resource model.’

Drill Results

The focus of the holes reported today was to expand the High Grade Panel and test step-out targets at depth beneath this zone. Hole AP-24-321 is on the same section as AP-24-317, and AP-24-318 is a step-out to the West of this section, and these two holes are building out confidence in the northern and southern boundaries of the High Grade Panel.

Hole AP-24-318 shows a 161-metre-long interval of consistent gold mineralization grading 4.26 g/t gold from 101 metres downhole with multiple higher-grade subzones, including 30 metres grading 10.1 g/t gold.

Hole AP-24-321 intersected a zone of limestone to the north of hole AP-24-317, which intersected an interval of 87.8 metres grading 16.0 g/t gold. At the upper contact of this limestone, hole AP-24-321 encountered 15.7 metres grading 10.4 g/t gold from 167.6 metres downhole. This suggests that the very high grades in AP-24-317 are due to gold concentrating along a geological contact.

Hole AP-24-321 also intercepted a deeper interval of 13 metres grading 3.5 g/t gold from 327 metres downhole that may be a narrow depth extension beneath the High Grade Panel.

Hole AP-24-319 is, we believe, perhaps the most interesting of today’s results. It was the first north to south hole on a new cross-section through the deposit and hit multiple gold zones. It intersected 3 metres grading 21.4 g/t gold from 111 metres downhole in a step down in the Parallel Panel. Beneath the High Grade Panel, it returned a best intercept of 4.6 metres grading 7.9 g/t gold from 189 metres downhole amongst multiple narrow intercepts. These zones suggest good potential to extend the High Grade Panel deeper than currently modelled on this section.

Further downhole again in AP-24-319, a broad satellite zone over 150 metres beneath the High Grade Panel with 24 metres grading 5.1 g/t gold from 349 metres downhole has room to expand above and below the drillhole.

Hole AP-24-320 was drilled to the east of the High Grade Panel and returned 1.0 metres grading 5.0 g/t gold from 102 metres downhole.

To date, the Company has completed nine holes for a total of 3,210.1 metres. The team also completed four geotechnical and water monitoring holes to the end of 2024.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7729/241611_11f28ed5a4fc78a8_003.jpg

Figure 1: A West to East section with the resource model from 2023 Mineral Resource Estimate highlighting the High Grade Panel (clipped to greater than 2 g/t gold resource blocks). Recent drill results are highlighted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/241611_11f28ed5a4fc78a8_003full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7729/241611_11f28ed5a4fc78a8_004.jpg

Figure 2: A cross section with the resource model from 2023 Mineral Resource Estimate highlighting the High Grade Panel (clipped to greater than 2 g/t gold resource blocks) and new holes AP-24-318 and AP-24-321.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/241611_11f28ed5a4fc78a8_004full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7729/241611_11f28ed5a4fc78a8_005.jpg

Figure 3: A cross section with the resource model from 2023 Mineral Resource Estimate highlighting the High Grade Panel (clipped to greater than 2 g/t gold resource blocks) and new hole AP-24-319.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/241611_11f28ed5a4fc78a8_005full.jpg

Drilling Results and Coordinates Tables

HoleID From
(metres)		 To
(metres)		 Interval
(metres)		 Au
(g/t)		 Topcut
Au (to 67 g/t)
AP-24-318 108.0 269.0 161.0 4.26
including 209.0 239.0 30.0 10.1
AP-24-319 91.0 114.0 23.0 4.15
including 111.0 114.0 3.0 21.4
including 189.0 193.6 4.6 7.91
and 212.5 281.0 68.5 1.44
and 349.0 373.0 24.0 5.10
including 349.0 352.0 3.0 10.9
and including 363.15 368.15 5.15 14.0
AP-24-320 15.15 18.95 3.80 2.43
and 102.0 103.0 1.0 4.99
AP-24-321 117.15 184.0 66.85 3.12 2.20
including 136.3 146.0 9.7 2.22
and including 167.6 183.3 15.7 10.4 6.53
and 327.0 340.0 13.0 3.50
including 330.5 333.1 2.6 10.4

 

Table 1: Significant Drill Intersections

Hole ID Northing
(WGS84 Zone 14N)		 Easting
(WGS84 Zone 14N)		 Elevation
(metres)		 Azimuth
(°)		 Inclination
(°)		 Length
(metres)
AP-24-318 410,106 1,998,128 943.2 180 -57 332.0
AP-24-319 410,181 1,998,124 903.5 180 -55 394.5
AP-24-320 410,321 1,998,047 887.7 180 -50 138.8
AP-24-321 410,124 1,998,161 928.4 180 -55 350.0

 

Table 2: Drill Hole Details

Heliostar Metals Included In 2024 TSX Venture 50

Heliostar Metals is further pleased to announce that it has been included in the 2024 TSX Venture 50™ list. The TSX Venture 50™ is a ranking of the top fifty performing companies on the TSXV over the prior year.

TSX Venture 50 is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

The Company takes pride in its share performance in 2024 and the benefits that it brings our shareholders. We believe the steps we took in 2024 have set the company up for strong growth again in 2025 and beyond.

Quality Assurance / Quality Control

Core samples were shipped to ALS Limited in Zacatecas, Zacatecas and Hermosillo, Sonora, Mexico for sample preparation and for analysis at the ALS laboratory in North Vancouver. The Zacatecas, Hermosillo and North Vancouver ALS facilities are ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish and overlimits were analysed by 30-gram fire assay with gravimetric finish.

Control samples comprising certified reference and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance / quality control protocol.

Statement of Qualified Person

Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Harris is employed as Exploration Manager of the Company.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045		 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

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 release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, The drill program is both expanding the boundaries of the High Grade Panel and infilling sections to upgrade resource classifications and these indicate that more infill drilling can add higher grade ounces to the overall Ana Paula resource model.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

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Cardiol Therapeutics Announces Publication of Research in the Journal of the American College of Cardiology: Basic to Translational Science That Supports Development of Its Proprietary Subcutaneous Drug Candidate, CRD-38, for the Treatment of Heart Failure

Data demonstrates improvement in cardiac function and reductions in cardiac hypertrophy, remodeling, inflammation, and cell death – key underlying mechanisms in heart failure

Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) (‘Cardiol’ or the ‘Company’), a clinical-stage life sciences company focused on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, announced today the publication of research in the Journal of the American College of Cardiology: Basic to Translational Science (‘JACBTS’), titled ‘Cannabidiol Prevents Heart Failure Dysfunction and Remodeling Through Preservation of Mitochondrial Function and Calcium Handling’ (www.jacc.orgdoiabs10.1016j.jacbts.2024.12.009). This research was conducted by scientists from Tecnológico de Monterrey who, together with researchers from the DeBakey Heart and Vascular Center in Houston, TX, are collaborating with Cardiol on the development of the Company’s proprietary subcutaneous (‘SubQ’) formulation of cannabidiol, CRD-38, to treat heart failure with preserved ejection fraction. This common form of heart failure remains a leading cause of hospitalization worldwide and is associated with a five-year mortality that exceeds 75% in hospitalized patients.

‘We are very pleased to see these comprehensive new findings from our international research collaboration culminate in this publication in one of the JACC family of journals, which are some of the most widely read, most impactful cardiovascular journals in the world,’ said Dr. Andrew Hamer, Cardiol Therapeutics’ Chief Medical Officer and Head of Research & Development. ‘Heart failure progression is characterized by fibrosis, inflammation, and decreased contractile function of the myocardium, in part driven by mitochondrial dysfunction. The JACBTS publication provides fascinating new data that suggest a key mode of action of CRD-38 to potentially treat heart failure is through its ability to sustain cardiomyocytes, the muscle cells of the heart, and preserve mitochondrial function, the energy producing structures in cardiac cells. We look forward to incorporating this new information into our CRD-38 development program as we complete the IND-enabling work necessary to support advancing this novel drug candidate into clinical development.’

These newly published data demonstrate that pharmaceutically manufactured cannabidiol, administered subcutaneously, provides cardioprotection in a pre-clinical model of heart failure by improving cardiac function and reducing cardiac hypertrophy, remodeling, inflammation, and cell death, and provides additional important rationale for the development of CRD-38 as a new approach to the treatment of heart failure.

The JACBTS publication comprises results from multiple models of heart failure:

  • an in vivo model of angiotensin II-induced heart failure
    • SubQ administration resulted in attenuation of cardiac fibrosis, hypertrophy, and inflammation, and also improved ejection fraction and cardiac output.
  • an ex vivo analysis of heart failure ventricular myocytes from the in vivo model
    • Cannabidiol preserved mitochondrial function and redox balance resulting in both cell shortening and calcium handling.
  • an in vitro investigation in hypertrophic cardiac myoblast cells
    • Cannabidiol provided a cardioprotective effect that may be dependent on peroxisome proliferator-activated receptor gamma (‘PPAR-γ’) activation, thereby decreasing mitochondrial calcium uniporter hyperactivity and preventing mitochondrial dysfunction.

Together, these results highlight the importance of mitochondrial function and the role Cardiol’s small molecule drug candidate plays in protecting the heart against mitochondrial stress. The authors concluded that SubQ cannabidiol prevented inflammation and pathologic cardiac structural changes such as hypertrophy and preserved heart function. Cellular investigations suggest that this cardioprotective effect is achieved by the preservation of cardiac muscle cell shortening, sarcoplasmic reticulum calcium uptake, mitochondrial function, and redox balance which adds to the understanding of the cellular and molecular mechanisms by which CRD-38 can improve heart failure.

About Cardiol Therapeutics

Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) is a clinical-stage life sciences company focused on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease. The Company’s lead small molecule drug candidate, CardiolRx™ (cannabidiol) oral solution, is pharmaceutically manufactured and in clinical development for use in the treatment of heart disease. It is recognized that cannabidiol inhibits activation of the inflammasome pathway, an intracellular process known to play an important role in the development and progression of inflammation and fibrosis associated with myocarditis, pericarditis, and heart failure.

Cardiol has received Investigational New Drug Application authorization from the United States Food and Drug Administration (‘US FDA’) to conduct clinical studies to evaluate the efficacy and safety of CardiolRx™ in two diseases affecting the heart: recurrent pericarditis and acute myocarditis. The MAVERIC Program in recurrent pericarditis, an inflammatory disease of the pericardium which is associated with symptoms including debilitating chest pain, shortness of breath, and fatigue, and results in physical limitations, reduced quality of life, emergency department visits, and hospitalizations, comprises the completed Phase II MAvERIC-Pilot study (NCT05494788) and the ongoing Phase III MAVERIC trial (NCT06708299). The ongoing ARCHER trial (NCT05180240) is a Phase II study in acute myocarditis, an important cause of acute and fulminant heart failure in young adults and a leading cause of sudden cardiac death in people less than 35 years of age. The US FDA has granted Orphan Drug Designation to CardiolRx™ for the treatment of pericarditis, which includes recurrent pericarditis.

Cardiol is also developing CRD-38, a novel subcutaneously administered drug formulation intended for use in heart failure – a leading cause of death and hospitalization in the developed world, with associated healthcare costs in the United States exceeding $30 billion annually.

For more information about Cardiol Therapeutics, please visit cardiolrx.com.

Cautionary statement regarding forward-looking information:

This news release contains ‘forward-looking information’ within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that Cardiol believes, expects, or anticipates will, may, could, or might occur in the future are ‘forward-looking information’. Forward-Looking information contained herein may include, but is not limited to statements regarding the Company’s focus on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, the molecular targets and mechanism of action of the Company’s product candidates, the Company’s intended clinical studies and trial activities and timelines associated with such activities, including the Company’s plan to complete the Phase III study in recurrent pericarditis with CardiolRx, the Company’s plan to advance the development of CRD-38, a novel subcutaneous formulation of cannabidiol intended for use in heart failure, the newly published data providing additional important rationale for the development of CRD-38 as a new approach to the treatment of heart failure, and the JACBTS publication provides fascinating new data that suggest a key mode of action of CRD-38 to potentially treat heart failure is through its ability to sustain cardiomyocytes and preserve mitochondrial function. Forward-Looking information contained herein reflects the current expectations or beliefs of Cardiol based on information currently available to it and is based on certain assumptions and is also subject to a variety of known and unknown risks and uncertainties and other factors that could cause the actual events or results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, and are not (and should not be considered to be) guarantees of future performance. These risks and uncertainties and other factors include the risks and uncertainties referred to in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and Canadian securities regulators on April 1, 2024, as well as the risks and uncertainties associated with product commercialization and clinical studies. These assumptions, risks, uncertainties, and other factors should be considered carefully, and investors should not place undue reliance on the forward-looking information, and such information may not be appropriate for other purposes. Any forward-looking information speaks only as of the date of this press release and, except as may be required by applicable securities laws, Cardiol disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events, or results, or otherwise. Investors are cautioned not to rely on these forward-looking statements and are encouraged to read the Supplement, the accompanying Base Prospectus and the documents incorporated by reference therein.

For further information, please contact:
Trevor Burns, Investor Relations +1-289-910-0855
trevor.burns@cardiolrx.com

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Bold Ventures Announces PDAC 2025 Booth and Plans for Winter Exploration

Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) is pleased to announce that the Company will have a booth at the Prospectors and Developers Association of Canada (PDAC) convention from March 2nd to 5th (booth #2610). The Company’s President and COO, Bruce MacLachlan, the Company’s V.P. Exploration, Coleman Robertson, and the Company’s CEO, David Graham, will be present for the duration of the conference, as well as the preceding Metals Investor Forum from February 28th to March 1st.

The Bold exhibition booth will showcase various samples, maps and photographs from the Company’s Burchell Gold and Copper Project, the Company’s Traxxin Gold Project, and the Company’s Wilcorp Gold Project, all located between Thunder Bay and Atikokan, Ontario. Of particular interest is the recent high-grade gold discovery at the Burchell Project. The 111 Zone discovery yielded impressive gold values ranging from 10 ppb Au up to 68,000 ppb Au (68 g/t Au or 2.2 oz./t Au). See Bold press releases dated December 12, 2024and January 9, 2025. The exhibition booth will also showcase more recently obtained results from the three properties, see Bold press release dated January 17, 2025.

Winter Plans

The Company is also pleased to announce plans for winter exploration on the Burchell and Traxxin properties, which will involve test lines of Very Low Frequency (VLF) and Magnetometer ground geophysics.

At Burchell the target areas will be the new 111 Zone as well as the northwest part of the Property, where the Moss Gold Trend (along strike from the Moss Gold Deposit) is projected to pass through the Bold claim group for approximately 1.8 km, and where historical diamond drilling returned a best intersection of 0.9 g/t Au over 6.4 meters.

At Traxxin the target area will be the Traxxin Main Zone, where 2021 drilling by Bold returned up to 3.6 g/t Au over 12.3 m (including 6.1 g/t Au over 4.9 m), and its northern extension onto Bedivere Lake, where new anomalous gold values were obtained on an island in the fall of 2024. The survey will also cover two subparallel conductive trends to the west and east of the Traxxin Main Zone which require further investigation. The conductive trends were identified in a 2017 induced polarization (I.P.) survey.

A summary of recent developments for Bold’s Burchell, Traxxin, Wilcorp and Farwell properties is provided below. The three news releases linked above provide more details and figures relating to these developments. More information on the properties can also be found in the web pages linked below in each section.

Burchell Gold-Copper Project

In 2024 the 111 Zone was discovered in the central part of the Burchell Property, returning between 10 ppb Au and 68 g/t Au in a 3+ meter wide zone of sheared, altered volcanic rocks. The zone is situated within a northeast-trending magnetic low, possibly corresponding to a structural corridor which traverses the property for more than 10 km. Little historical exploration is documented in the immediate area, with the closest significant gold showing being 3 km along strike to the southwest, returning historical values up to 42.2 g/t Au over 0.6 m in a chip sample (Osmani 2017, see reference below).

A November 2024 MMITM soil survey, in the northwest corner of the property, was designed to test the strike extension of the Moss Trend on the adjacent Moss Gold Property to the west, one of several subparallel polymetallic trends in the region (see Goldshore Resources Inc.’s September 28, 2023 news release.) The 74-sample MMI soil survey returned coincident gold, copper and molybdenum anomalies, as well as zinc anomalies.

The Burchell Gold-Copper Project is located approximately 105 km west of the port city of Thunder Bay in the south-central portion of Northwestern Ontario (see the Burchell Location Map). The claims are accessible via logging roads and secondary Highway 802 south from Trans-Canada Highway 11 travelling west from Thunder Bay. For additional information regarding the Burchell Gold-Copper Project visit the Burchell Gold-Copper Project Page.

Reference: Osmani, A., 2017. NI 43-101 Technical Report on the Burchell Lake Property, Northwestern Ontario, Thunder Bay Mining District, NTS 52B/10SE, for Tanager Energy Inc.

Traxxin Gold Project

In late 2024, prospecting was carried out on an island northeast of the Traxxin Main Zone. Assay results ranged from Traxxin Gold Project Page.

The Traxxin claim group is located 130 km west of Thunder Bay, Ontario (see the Traxxin Gold Project Location Map). The claims are road accessible via TransCanada Highway 11. Local infrastructure includes rail, power and an experienced mineral exploration workforce and mining supply, all located within hours of the property.

Wilcorp Gold Project

In September 2024, a grab sample from a historical pit on the Wilcorp Property returned 16.3 g/t Au. A second phase of sampling in November yielded assays from 207 ppb to 7.28 g/t gold 60 meters along strike to the west-southwest. This trend is sub-parallel to a second trend 15-25 meters across strike to the southeast, which was sampled by Bold in 2012 along a length of 40 meters, returning from 140 ppb Au up to 14.4 g/t Au. This area, historically referred to as the Eagle Prospect, was previously mechanically stripped, sampled, and drilled, returning a best intersection of 1.8 g/t Au over 7.6 m in drill core.

Another gold bearing trend, approximately 170 meters in length, was also identified in 2024. Located approximately 75 meters across strike to the south of the historical trenches noted above, sampling returned a range of values from

Finally, a new anomaly of 333 ppb Au was obtained in the southern part of the property, associated with strong I.P. chargeable and conductive anomalies.

The Wilcorp claim group is located approximately 13 km east of the town of Atikokan, Ontario (see the Wilcorp Gold Project Location Map) in McCaul Township, and 17 km south of Agnico Eagle’s Hammond Reef deposit, which contains combined reserves and resources of 5.6 Moz of gold at 0.71 gpt Au (Agnico Eagle website, 2022). For a full description of the Wilcorp Gold Project visit the Wilcorp Gold-Project Page.

Farwell Gold-Copper Project

In January of this year, Bold signed an amendment to the Farwell Property Option Agreement. Details of the amended agreement are presented in the news release dated January 17, 2025 linked above.

Bold Ventures has submitted an early exploration permit application to the Ontario Mining Lands Administration System that anticipates an exploration program consisting of geophysical and geochemical surveys and diamond drilling. The Company is currently negotiating exploration agreements with local First Nation interests.

No field work was carried out on the Farwell Property during 2024.

The Farwell claim group is located in the east Lake Superior region of Northeastern Ontario approximately 55 km northwest of Wawa, Ontario (see the Farwell Gold-Copper Location Map). The Trans-Canada Highway 17 connects Wawa with Sault Ste. Marie to the south and the towns of White River and Marathon to the northwest. For a full description of the Farwell Gold-Copper Project visit the Farwell Gold-Copper Project Page.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., V.P. Exploration for Bold Ventures and a qualified person (QP) for the purposes of NI 43-101.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’   ‘David B Graham’ 
Bruce MacLachlan  David Graham 
President and COO  CEO 
   
Direct line: (705) 266-0847   
Email: bruce@boldventuresinc.com   

 

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 release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

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Opawica Explorations Commences Drill Program at its Bazooka Property in the Abitibi Gold Belt

(TheNewswire)

Opawica Explorations Inc.

February 20, 202 5 Vancouver, B.C. Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the ‘Company’ or ‘Opawica’) is pleased to announce the commencement of drilling at its wholly-owned Bazooka Property (‘Bazooka’) in the Abitibi Gold Belt. Bazooka is contiguous with property controlled by Agnico Eagle, which hosts the Wasamac gold project located 15 km west-southwest of the mining center of Rouyn-Noranda and approximately 100 km west of the Agnico’s 100%-owned Canadian Malartic Complex.

In alignment with previous geo-mapping and fieldwork conducted at Bazooka, the 2025 program includes planned targets with 50 m step-outs from the 2022 drill program, where previous values exceeded 10 g/t Au, including:

  • 18.70 Au g/t over 1 m is within a larger 43.9-meter section of Quartz-sericite stockwork with trace pyrite with visible gold at 279.4 m

  • The 13.70 Au g/t over 1.6 m is in silicified sherd zone with quartz veining with trace tourmaline and fuchsite

  • 12.70 Au g/t over 0.5 m is in quartz vein stockwork silicified zone with two visible gold flakes.

In addition, drill testing will measure continuity of high-grade Au mineralization along southwest and west striking planes.

Blake Morgan, President of Opawica, stated: ‘We are excited to commence drilling at the Bazooka property, a highly prospective property in the heart of the Abitibi Gold Belt and next to Agnico’s Wasamac gold property. The presence of historical mineralization, visible gold, silicified shear zones, and quartz vein stockwork supports our confidence in Bazooka’s commercial gold hosting potential.

In the 2022 program, significant visible gold flakes were observed in a quartz vein shear zone within a silicified zone containing 10% fine, fractured black pyrite with trace amounts of arsenopyrite. A quartz vein shear zone was intersected in hole OP-21-13 at a depth of approximately 150.60 m.

Gold mineralization on the property occurs within mixed, up to 60-metre-wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake.

The break/fault zone is at the base and is characterized by up to two-meter-wide (estimated true width), strongly graphitic fault. The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks.

Opawica’s 2022 program assay results, reported below, are as uncut weighted averages. Interval widths reflect drilled NQ core lengths, with true widths currently unknown.

Assay samples were analyzed at Techni-Lab Abitibi Inc.(Act labs) 184 Rue Principale Ste-Germaine-Boule Quebec  (an ISO/IEC 17025:2005 accredited facility). The sampling program was undertaken by Company personnel under the direction of Mr. Yvan Bussieres, P.Eng., A secure chain of custody is maintained in transporting and storing of all samples. The rock samples underwent fire assays, 1E3 – Aqua Regia – ICPOES and select samples underwent gravimetries. Samples of mineralization were taken at 0.5-to-1.5-meter intervals, with sample intervals being adjusted to respect lithological and/or mineralogical contacts and isolate narrow veins or other structures that may yield higher grades.

One half of the sampled intervals were bagged and tagged with one of the dual sample tags. The individual sample bags are sealed and placed into rice bags and marked with the contents. The samples are delivered in batches in January to Techni-Lab Abitibi Inc. (Actlabs) Ste-Germaine-Boule Quebec, for processing, crushing, pulverizing and analysis.

The Quality Assurance and Quality Control or QA/QC protocols are as follows: A blank sample is inserted at samples ended by the number 10, 30, 70 and 90 in the sample sequence – a blank sample usually consists of white ¾ inch rock that is known not to contain any metals.  A low-grade rock standard is inserted at samples ended by the number 50, in the sample sequence.  A high-grade rock standard is inserted at samples ended by the number 00, in the sample sequence.

Yvan Bussieres, P.Eng., has reviewed and approved the technical content of this news release. * The Qualified Person has been unable to verify the information on the adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 236-878-4938

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

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Copyright (c) 2025 TheNewswire – All rights reserved.

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