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DAVID MARCUS: Why Trump’s major triumphs will outlast his polling dip

There are two distinct and clear things happening in American politics today that at first blush appear to be in direct conflict, President Donald Trump has had the best six months of any president in recent memory, and he is losing support in the polls. 

How can this be?

In fact, the way to reconcile Trump’s signature successes with his drop in approval is to understand that the president has expended an enormous amount of political capital, sacrificing support today, in the hope of good results tomorrow.

The achievements of the Trump administration are truly breathtaking when taken as a whole, starting with his central campaign promise, to shut down the southern border.

In a funny way, Trump was too successful on the border for his own political good. Had he cut the number of entries in half by now, it would still have been a positive story for the president, but he brought it to zero, so the issue is all but gone and forgotten, and nobody is getting any credit for it.

Then we have the passage of the ‘big, beautiful bill, the largest tax cut in history packed with big political winners like no tax on overtime and tips, and passed by a tiny GOP majority in Congress.

While that was going on, Trump also attacked Iran’s nuclear facilities, badly damaging them and setting our geopolitical foe’s weapons program back years in a bold and perfectly executed mission.

Donald Trump has also unleashed his decades-long desire for higher tariffs to bolster American jobs and manufacturing, and after an all out panic from markets and pundits on ‘Liberation Day,’ back in April, the economy is now humming, largely free of inflation.

Last but not least, Trump, through his rescission package defunded NPR and PBS, something that has been the great white whale of many a conservative for many a year. They said it couldn’t be done, but Trump did it.

The scope, scale and speed of Trump’s triumphs are the good news, but they are always why his polling can get a bit jumpy, which is what we have seen over the past few weeks. 

According to the Real Clear Politics average of polls, Trump has shed about 3.5 points since July 7th — not a drop off a cliff, but not nothing, either. It’s mostly down to how busy he has been.

Above were listed 5 major accomplishments. There are, to be sure, many voters who love all five, but there are also voters who like 3 or 4 but not the others, and in approval polling the stuff people don’t like is louder than stuff they do.

Two weeks ago on a trip to Texas, I reported on these warning signs, especially around the deportations of illegal aliens without any other criminal record that make many Americans, including some Trump supporters, queasy. 

There is also an isolationist wing of the MAGA movement that hates the Iran strike, and even though its dire warnings of World War III fizzled like a cap gun in a hard rain, that still dinged the numbers.

Likewise, there are still plenty of individuals and industries that strongly dislike the tariffs, even if the economic sky hasn’t fallen. 

The point here, as Abe Lincoln once put it, is that you can’t please all the people all the time, and when you do as much as Trump has, this quickly, you are sure to displease lots and lots of folks.

The real bet that the Trump administration is making is not on the short-term popularity of any of its top achievements, but rather that a year from now, they will have made the lives of Americans better.

Donald Trump, even with just one term this time around, is committed to leaving our nation a very different place in 2029 than he found it in 2025. To do this requires an all-out assault on institutions from the deep state, to academia, to the media. 

Trump can’t poke as many political bears as he is without catching a few flesh wounds from the claws, but there is no sign of any imminent collapse that could thwart his overall efforts.

For six months, I have argued that Trump had all the runway he needed to put his plans in action. That was true, and he got a lot of planes up in the air, but the runway may be shortening now.

Now, all that is left is to judge the results of the Trumpian whirlwind of the past six months, and find out if this has been political capital well spent.

This post appeared first on FOX NEWS

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Trump-foe Adam Schiff dismisses Tulsi Gabbard’s declassified Russia collusion intelligence as ‘dishonest’

Sen. Adam Schiff, D-Calif., is throwing cold water on Director of National Intelligence Tulsi Gabbard’s assertion about the Obama administration’s role in pushing the Trump-Russia collusion narrative during the 2016 presidential election. 

Gabbard has declassified documents, including a House Intelligence Committee memo, alleging that former President Barack Obama and his national security team ‘manufactured an Intelligence Community Assessment they knew was false.’

‘I think what Gabbard and her staff are doing is dishonest and misstated, and I’ll leave it at that,’ Schiff told Fox News Digital on Capitol Hill. 

But White House Spokesman Davis Ingle was quick to fire back in a statement to Fox News Digital. ‘Pencil neck, watermelon head Adam ‘Shifty’ Schiff was one of the chief propagandists behind the Russia collusion hoax,’ he said. ‘He’s now trying to desperately cover his tracks as this entire lie is being exposed to the world.’ 

Schiff was elected to the Senate last year but served in the House while Congress investigated whether Trump colluded with Russia to influence the 2016 election. 

And as a ranking member and then chair of the House Intelligence Committee, Schiff was directly involved in the congressional investigation and became a leading Democratic voice accusing Trump’s 2016 presidential campaign of colluding with Russia. 

‘Should Obama and his team be held responsible in some way for pushing the Russia collusion narrative that was proven false to take down Trump?’ Fox News Digital asked Schiff. 

‘Well, if you read the well-reported intelligence community report, you know they documented Russia’s efforts to help denigrate Hillary Clinton, which gave a boost to the Trump campaign,’ Schiff responded. 

Schiff was referring to an Intelligence Community Assessment report from 2017 that asserted that Russia’s goals were to undermine faith in the U.S. democratic process and to ‘denigrate’ former Secretary of State Hillary Clinton, and that Russian President Vladimir Putin ‘developed a clear preference’ for Trump. 

Gabbard’s office alleged in a press release outlining the unearthed documents that Putin did not favor a candidate in 2016. It also said, ‘There is irrefutable evidence detailing how President Obama and his national security team directed the creation of an Intelligence Community Assessment that they knew was false.’

When asked if he should apologize, Schiff told Fox News Digital, ‘It’s been proven accurate.’

And as he walked away, Schiff seemed to nod in agreement and say, ‘Yes,’ when asked if everything he had said about the Russia collusion was accurate. 

The Justice Department, however, has formed a ‘strike force’ to assess the evidence publicized by Gabbard into the Obama administration’s role in the Trump–Russia collusion narrative.

Trump and Schiff have long been political foes, as the president often evoked Schiff’s nickname on the presidential campaign trail in 2024 while Trump weaved through a range of topics, including what he has come to refer to as the ‘Russia, Russia, Russia hoax.’

‘Adam ‘Shifty’ Schiff is in BIG TROUBLE!’ Trump said on Truth Social on Sunday. ‘He falsified Loan Documents. He once said my son would go to prison on a SCAM that Schiff, along with other Crooked Dems, illegally ‘manufactured’ in order to stage an actual coup.’ 

‘My son did nothing wrong, knew nothing about the fictional story,’ he added. ‘It was an American Tragedy! Now Shifty should pay the price of prison for a real crime, not one made up by the corrupt accusers!’ 

The U.S. Federal Housing Finance Agency (FHFA) sent a letter to the Department of Justice in May alleging that Schiff has ‘falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.’

‘Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason,’ Schiff said after Trump first accused Schiff of mortgage fraud. ‘So in a way, I guess this is a bit of a letdown. And this baseless attempt at political retribution won’t stop me from holding him accountable. Not by a long shot.’ 

Fox News Digital’s Brooke Singman, Emma Colton, Danielle Wallace, and Peter Doocy contributed to this report. 

This post appeared first on FOX NEWS

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Why Fetterman is right: The fight against cashless stores defends Main Street and working-class Americans

Sen. John Fetterman may be a Democrat, but on the issue of banning cashless-only businesses, he’s 100% right – and every small business owner, working-class American and financial realist should take note.

As a financial planner and entrepreneur, I’ve seen how pushing the U.S. toward a fully cashless society doesn’t just inconvenience people – it hurts them. It widens the wealth gap, excludes millions from daily commerce and puts Main Street businesses at a competitive disadvantage.

When Fetterman says, ‘It’s simple – it’s legal tender. If you accept money, you have to accept all money,’ he’s not just making a populist statement. He’s standing up for every American who gets punished simply for trying to pay with the money they earned.

Let’s look at the numbers:

  • 5.9 million U.S. households are unbanked (FDIC).
  • 18.7 million more are underbanked, relying on check cashers, prepaid cards and money orders.
  • 13% of Americans use cash for all or most purchases.
  • Nearly 40% of Americans couldn’t cover a $400 emergency.

When a store refuses cash, it’s essentially telling millions of people – especially seniors, low-income earners and minorities – that their money isn’t welcome.

As the Pennsylvania senator put it, ‘We can’t let stores discriminate against people just because they don’t have a credit card or a smartphone.’

This push toward a cashless economy is driven by tech elites who assume everyone has digital access.  Aren’t you sick and tired of the guilt tipping button that now asks you for 20 or 25 or 30% tip with a server watching over you to see what you are going to give them. But this isn’t Silicon Valley – it’s America. Here, you should be able to buy lunch or medicine with a few bucks in your pocket.

And for many Americans, cash isn’t optional – it’s essential.

As someone who works with business owners every day and having owned a concrete driveway installation company, I can tell you, going cashless is bad for business. Here’s why:

  1. Swipe Fees Eat MarginsEvery card transaction costs businesses 1.5% to 3.5%. On tight margins, that’s real money – especially in food, retail and service sectors.
  2. Fewer Impulse BuysStudies show people are more thoughtful when using cash. That’s good for consumers – and helps prevent overreliance on credit.
  3. System Outages Kill SalesWhen the power goes out or internet fails – like during the 2021 Texas storm – only businesses accepting cash could stay open. In emergencies, cash is king.
  4. Customer LossMany older adults and working-class families still use cash daily. Turning them away is just bad business.

Every digital transaction is tracked. Your location, purchases and habits are cataloged and monetized by Big Tech and banks.

Cash, on the other hand, protects privacy. No monthly statements, no tracking, no algorithms.

The more we give up cash, the more control we give away – to institutions that charge fees, track behavior and limit access.

Cities like Philadelphia, San Francisco and New York have already banned cashless-only retail. It’s time to go national.

Fetterman’s proposed federal law would:

  • Require all physical stores to accept U.S. currency.
  • Impose penalties on violators.
  • Allow exceptions for online-only or high-security federal locations.

It’s not about resisting innovation – it’s about ensuring inclusion. Legal tender should mean what it says: legal for all debts, public and private.

Once we lose cash, we lose a piece of our freedom. We become more dependent on banks, apps and companies that profit off our transactions and control access to our own money.

Fetterman nailed it: ‘We’re going to keep pushing until every American – regardless of income – can walk into a store and buy what they need with a few bucks in their pocket.’

He’s right. And if we care about fairness, privacy and keeping Main Street open to all, we need to get behind him.

Because cash isn’t just currency. It’s economic liberty – and it’s worth protecting.

This post appeared first on FOX NEWS

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Ex-Biden chief of staff Ron Klain arrives for grilling in House GOP’s cover-up probe

A senior former Biden administration official arrived on Capitol Hill for a closed-door interview with House investigators on Thursday.

Ronald Klain served as former President Joe Biden’s chief of staff in the first half of his term, from the beginning of his term in January 2021 until early February 2023.

He did not answer shouted questions from reporters before disappearing for his voluntary transcribed interview with the House Oversight Committee.

Committee Chair James Comer, R-Ky., is investigating whether Biden’s top White House aides concealed signs of mental decline in the then-president, and if that meant executive actions were signed via autopen without his knowledge.

‘I think he’ll be forthcoming. I mean, he’s at the top of the organizational chart for the Biden administration,’ Comer told reporters on his way into the closed-door deposition. ‘I think everyone in America is wondering whether or not Joe Biden was mentally fit to be President of the United States, especially during the last six months of his administration.’

Reps. Andy Biggs, R-Ariz., and Ro Khanna, D-Calif., were also seen entering the room for the interview, which is expected to be staff-led.

Biden maintained he ‘made every decision’ in a recent interview with The New York Times.

Klain is the sixth ex-White House official to appear as part of Comer’s probe, and the third to appear on voluntary terms.

Former White House physician Kevin O’Connor, as well as senior advisors Annie Tomasini and Anthony Bernal, all appeared under subpoena.

Each also pleaded the Fifth Amendment to avoid answering questions.

Ex-staff secretary Neera Tanden and longtime Biden advisor Ashley Williams both appeared for voluntary transcribed interviews, like Klain.

Both of their interviews lasted over four hours, though House GOP investigators appear to have gleaned little new information.

Before serving as Biden’s chief of staff, Klain worked in the same capacity when the Delaware Democrat was vice president during the Obama administration.

He also served as a top advisor on Biden’s 2020 presidential campaign.

Most critical to investigators, perhaps, is the prominent role Klain reportedly played in preparing Biden for his disastrous June 2024 debate against now-President Donald Trump.

Rep. Eric Burlison, R-Mo., a member of the Oversight Committee, shared some of the information he hoped would be gleaned from Klain’s sitdown.

‘Did you ever see a question of cognitive ability in the president? Were you aware that he was not making these decisions? Was he being led?’ Burlison asked.

Fox News Digital’s Deirdre Heavey contributed to this report.

This post appeared first on FOX NEWS

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Trump foe Boasberg to grill DOJ over migrant flights in heated hearing

U.S. District Judge James Boasberg will hear from immigration lawyers and the Trump administration in court on Thursday as he weighs new facts and allegations at the heart of one of the biggest immigration cases of President Donald Trump’s second term — setting the stage for another heated court fight.

Boasberg did not immediately signal which motions he would consider during the hearing. 

However, it comes after Boasberg found himself at the center of Trump’s ire and attacks on so-called ‘activist’ judges this year, following his March 15 temporary restraining order that sought to block Trump’s use of the Alien Enemies Act — a 1798 wartime immigration law — to quickly deport hundreds of Venezuelan nationals to El Salvador earlier this year.

Boasberg also ordered all planes bound for El Salvador to be ‘immediately’ returned to U.S. soil, which did not happen. 

His emergency order touched off a complex legal saga that ultimately spawned dozens of federal court challenges across the country — though the one brought before his court on March 15 was the very first — and later prompted the Supreme Court to rule, on two separate occasions, that the hurried removals had violated migrants’ due process protections under the U.S. Constitution.

Boasberg, as a result, has emerged as the man at the center of the legal fallout.

While the order itself has been in a bit of a holding pattern — the U.S. Circuit Court of Appeals for the District of Columbia stayed the order two months ago, when they agreed to review the ruling — Thursday’s hearing could revive the bitterly divisive court fight once more.

Boasberg is expected to consider plaintiffs’ motions to reopen limited discovery, citing new evidence — including a recent U.N. report stating that, according to Salvadoran officials, the U.S. holds sole legal responsibility and custody over migrants transferred to CECOT. Other submissions include a whistleblower report from former Justice Department attorney Erez Reuveni, who worked on the case shortly before his removal.

Trump administration officials have repeatedly excoriated Boasberg as an ‘activist judge’ — a term they have employed for judges who have either paused or blocked Trump’s sweeping policy priorities enacted via executive order. Trump himself floated the idea that Boasberg could be impeached earlier this year— prompting Supreme Court Chief Justice John Roberts to issue a rare public warning.

Tensions between Boasberg and the Trump administration soared to a fever pitch earlier this year after Boasberg in April said he had found probable cause to hold the Trump administration in criminal contempt for failing to return the planes to U.S. soil, in accordance with his emergency order, and said the court had determined that the Trump administration demonstrated a ‘willful disregard’ for his order.

The Trump administration appealed the findings to the U.S. Court of Appeals for the D.C. Circuit.

In June, Boasberg ordered the Trump administration to provide all noncitizens deported from the U.S. to a maximum-security prison in El Salvador to be afforded the opportunity to seek habeas relief in court, and challenge their alleged gang status.

‘Such was the situation into which Frengel Reyes Mota, Andry Jose Hernandez Romero, and scores of other Venezuelan noncitizens say they were plunged on March 15, 2025,’ Boasberg said.

Thursday’s hearing comes amid a flurry of new reports and allegations filed by plaintiffs in the case in an effort to reopen discovery.  

This post appeared first on FOX NEWS

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IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Chairman Kal Malhi and CEO Paul Ténière of LaFleur Minerals Inc.

 

Via IBN IBN a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The MiningNewsWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels.

 

The MiningNewsWire Podcast features revealing sit-downs with executives who are shaping the future of the global mining industry. The latest episode features Chairman Kal Malhi and CEO Paul Ténière of LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) , a Canadian exploration and development company focused on gold assets in Québec’s Abitibi region.

 

To begin the interview, Ténière outlined LaFleur Minerals’ strategy as a near-term gold producer.

 

‘We’re an interesting company in the fact that we have an advanced gold project in Québec’s Abitibi Gold Belt and a nearby permitted mill,’ he said. ‘That puts us in a strong position as a near-term gold producer.’

 

Malhi, who is also the founder of Bullrun Capital , then detailed how LaFleur acquired its flagship assets and how the company is positioned for rapid development.

 

‘Two years ago, I started looking at the opportunities in the gold mining sector. I didn’t want to go and acquire a grassroots project… but I did come across a bankruptcy,’ he explained. ‘We were able to win a bid on the Beacon Gold Mill, which Monarch had invested $20 million into upgrading. It’s fully permitted and ready to rock. We also acquired a nearby gold deposit called the Swanson Gold Deposit… We’ve turned that project into LaFleur Minerals. Now, with gold prices surging, the economics have changed phenomenally — and we may look at producing not just from our own property, but also from others in the region.’

 

Ténière closed by emphasizing LaFleur’s accelerated timeline and production-ready infrastructure.

 

‘We have a mining lease at Swanson, which allows us to get into production much faster than we could otherwise,’ he said. ‘With gold hitting over $3,000 an ounce, it makes a lot of these deposits very economically viable… It’s an exciting time to be in gold, and we’re in a great position to move quickly.’

 

Join IBN’s Stuart Smith for a conversation with LaFleur Minerals Chairman Kal Malhi and CEO Paul Ténière on restarting gold production in Québec, scaling a district-scale asset, and accelerating into the gold producer category.

 

To hear the whole podcast and subscribe for future episodes, visit https://podcast.miningnewswire.com  

 

The latest installment of The MiningNewsWire Podcast continues to reinforce IBN’s commitment to the expansion of its robust network of brands, client partners, followers and the growing IBN Podcast Series . For more than 19 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies .

 

To learn more about IBN’s achievements and milestones via a visual timeline, visit:   https://IBN.fm/TimeLine   

 

  About LaFleur Minerals Inc.  

 

 LaFleur Minerals Inc. is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The company’s mission is to advance mining projects with a laser focus on its resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value.

 

The Swanson Gold Project is approximately 16,600 hectares (166 km 2 ) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential.

 

 LaFleur Minerals’ fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

 

For more information, visit the company’s website at www.LaFleurMinerals.com  

 

  About IBN  

 

  IBN consists of financial brands introduced to the investment public over the course of 19+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

 

Through our Dynamic Brand Portfolio (DBP) , IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets ; (3) Press Release Enhancement to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions ; and (6) total news coverage solutions.

 

For more information, please visit https://www.InvestorBrandNetwork.com  

 

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer  

 

  Forward-Looking Statements  

 

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

 

  Corporate Communications  

 

IBN
Austin, Texas
www.InvestorBrandNetwork.com  
512.354.7000 Office
Editor@InvestorBrandNetwork.com  

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

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FPX Nickel Provides Update on Normal Course Issuer Bid

 

 

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (‘ FPX ‘ or the ‘ Company ‘) is pleased to provide an update on its Normal Course Issuer Bid (‘ NCIB ‘) that was announced on December 2, 2024 . Since December 5, 2024 the Company has repurchased a total of 720,000 common shares (‘ Common Shares ‘) of the Company at an average price of $0.24 per share under the NCIB.

 

 

   

 

 

The repurchased shares represent progress toward the Company’s ability to acquire up to an aggregate of 5,000,000 Common Shares, representing approximately 2% of the Company’s issued and outstanding shares, over the 12-month period ending December 5, 2025 . All shares repurchased under the NCIB have been cancelled.

 

Purchases under the NCIB continue to be executed through open market transactions on the TSX Venture Exchange, with the acquisition price determined by the prevailing market conditions at the time of each transaction. Cormark Securities Inc. is managing the NCIB on behalf of FPX.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp.  is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company’s website at   https://fpxnickel.com/.   

 

On behalf of FPX Nickel Corp.

 

‘Martin Turenne’
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

  View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/24/c8569.html  

 

 

 

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Maritime Commences Construction at Hammerdown, Adds to Technical Team

Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) (‘Maritime’ or the ‘Company’) is pleased to provide an update for the Hammerdown Gold Project, located in the Baie Verte mining district of Newfoundland and Labrador (‘Hammerdown’), near the towns of King’s Point and Springdale, including its Pine Cove milling facility located near the towns of Baie Verte and Ming’s Bight.

Highlights:

  • Start of civil construction and earthworks at the Hammerdown Gold Project

  • Excavation and transportation of the historic ore pad to the Pine Cove mill

  • Strengthening of the technical and project management team

  • Funding received from provincial government for reagent technology pilot project

‘Activity at Hammerdown is ramping up with work crews focused on the civil earthworks to prepare the site for mine development, including overburden removal, site road and stockpile pad construction along with the water management systems. Through this work our site team was able to locate and excavate the original Richmont Mines ore pad which has been transported to our Pine Cove mill for processing,’ comments Garett Macdonald, President and Chief Executive Officer. ‘We have also made several key project management appointments and have established the procurement and hiring systems needed to execute the project and maximize benefits for the local communities. We would also like to recognize the funding received from the province to study an innovative technology that could help optimize reagent consumption in our process plant.’

Construction Early Works
Maritime has received the Certificate of Approval from the Pollution Prevention Division of the provincial Department of Environment and Climate Change for full mine construction and operation. Over the next few months civil construction will establish key infrastructure for mine development including access roads, water management features, the power line right of way and rock filled pads for the crushing plant, maintenance and administration facilities. As a brownfields mine site, Hammerdown benefits from existing road access and a large volume of blasted waste rock left over from the original mine development in 2000. The site contains no major watercourses or fish habitat, and is generally dry, with minimal overburden over the deposit, averaging 2-3 metres of glacial till.

Figure 1. Hammerdown Project Site – Looking Southwest

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4548/259859_7ed1efe654102995_001full.jpg

Technical Team Appointments
The appointment of several key technical and project management personnel marks a positive step forward for the Company and Hammerdown. Recent additions to the Maritime team include:

  • Collin Ellison, Project Director. Collin has over 50 years experience in the mining industry, focusing on project development and operations. Former CEO, President and Director with Goldbelt Resources, Asian Mineral Resources and PMI Gold.

  • Billy Grace, Chief Mine Engineer. Former Manager of Technical Services with Newmont at the Musslewhite Mine in Ontario and General Manager with Aureus Gold in Nova Scotia.

  • Gregg Vickell, Senior Metallurgical Advisor. Gregg has more than 40 years experience in gold and base metals management and metallurgy including Mill Manager, Mill Superintendent, Chief Metallurgist and Operations Technical Services roles with a host of companies both in Canada and abroad. He has in depth experience with plant design, operations readiness, commissioning and process optimization.

  • Paolo Toscano, Technical Advisor – construction and engineering. Paolo recently served at Sr. Vice President Engineering and Construction for Calibre Mining at the Valentine Gold Project in Newfoundland and Labrador and has over 30 years of experience. Former Director of Projects for Alamos Gold.

Richmont Mines Historic Ore Pad
The Company’s mine geology team identified a volume of material left over from Richmont Mines when the mine closed in 2004. This material consists of broken rock from the former underground mining operation that was stockpiled on surface and transferred to highway trucks for delivery to the Nugget Pond mill. Crews have transported a portion of the existing stockpile material to the Company’s Pine Cove mill for mineral processing, providing an opportunity to test the material ahead of mine development. The remaining material is being used for construction of access roads and laydown on the Hammerdown site.

Figure 1. Excavating the historic Richmont Mines ore pad

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4548/259859_7ed1efe654102995_002full.jpg

Government Funding for Reagent Technology
Maritime is pleased to announce the receipt of funding in the amount of $154,000 from the provincial Department of Industry, Energy and Technology under its Green Transition Fund to study a new reagent technology for its Pine Cove gold mill. GlyCat is a glycine based technology developed by Draslovk that fosters a green approach to responsible resource development by greatly reducing the amount of sodium cyanide required in gold production. GlyCat also offers the potential for greatly reduced cyanide detoxification costs, effluent treatment and increased gold recoveries. Test work is scheduled during the third quarter of 2025.

Qualified Person
Exploration activities at the Hammerdown Gold Project are administered on site by the Company’s Exploration Manager, Larry Pilgrim, P.Geo. In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, Larry Pilgrim, P.Geo. Exploration Manager, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this press release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on its exploration projects.

Analytical Procedures
All samples assayed and pertaining to this press release were completed by Eastern Analytical Limited (EAL) located at Springdale, Newfoundland and Labrador. EAL is an ISO 17025:2005 accredited laboratory for a defined scope of procedures. EAL has no relationship to Maritime. Drill core samples are collected from NQ sized diamond drill core and sawn in half. The half core samples are delivered in sealed plastic bags to EAL by Maritime field crews where they are dried, crushed, and pulped. Samples are crushed to approximately 80% passing a minus 10 mesh and split using a riffle splitter to approximately 250 grams. A ring mill is used to pulverize the sample split to 95% passing a minus 150 mesh. Sample rejects are securely stored at the EAL site for future reference. A 30-gram representative sample is selected for analysis from the 250 grams after which EAL applies a fire assay fusion followed by acid digestion and analysis by atomic absorption for gold analysis. Other metals were analyzed by applying an acid digestion and 34 element ICP analysis finish. EAL runs a comprehensive QA/QC program of standards, duplicates and blanks within each sample stream.

About Maritime Resources Corp.
Maritime (TSXV: MAE,OTC:MRTMD) (OTC Pink: MRTMF) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit.

On Behalf of the Board:

Maritime Resources Corp.

Garett Macdonald, MBA, P.Eng.
President and Chief Executive Officer
info@maritimegold.com
www.maritimeresourcescorp.com

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Caution Regarding Forward-Looking Statements: 

Certain of the statements made and information contained herein is ‘forward-looking information’ within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipate’, ‘expects’, ‘intends’, ‘indicates’ ‘plans’ and similar expressions. Forward-looking statements include, but are not limited to, statements concerning the Hammerdown mineralization, its’ metallurgical response, precious metal extraction based on the ongoing metallurgical testwork, sampling programs, the grade control drilling program, location and grade of underground workings and backfill material, construction elements planned for Hammerdown, production ramp up at Hammerdown, preparation of an updated technical report for Hammerdown, investments to be made to and plans for the Pine Cove mill, growth of the Company and the creation of long-term value for shareholders, exploration plans at the Company’s properties, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision and executing exploration programs on the Company’s proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company’s properties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259859

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Drill Program Planning at Flagship Mosseau Project in Quebec is Complete: Regional Exploration Plans at Labelle and Urban Barry Properties Commissioned

 

(TheNewswire)

 

  

 
 

 

Vancouver, British Columbia TheNewswire – July 24, 2025 ‑ Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘ Harvest Gold ‘ or the ‘ Company ‘) is pleased to announce that it has completed all aspects of preparation for a diamond drilling program slated to begin in early August 2025 at its 100%-owned Mosseau Gold Project in the Abitibi Greenstone Belt, Quebec (Figure 1). This follows an extensive regional data compilation, high-resolution magnetic survey, and encouraging results from recent fieldwork, including reconnaissance mapping, prospecting, soil sampling.

 

  The present financing announced July 3, 2025 is expected to close on or about July 31, 2025 and, once closed, the funds will be released immediately to the related exploration contractors.  

 

Rick Mark, President and CEO of Harvest Gold states: ‘I want to thank Louis Martin and the entire geological team for their excellent and extensive work in preparing for drilling at Mosseau. The quality and scale of the targets identified across this large property provide a strong foundation for what we believe is a significant discovery opportunity. We will also fly a magnetic survey on Labelle and execute a regional till sampling program on Urban Barry, both largely unexplored until now.’

 

  Phase I of the diamond drill program is expected to consist of approximately 5,000 metres of drilling and will test the highest-priority targets in both the Northern and Central portions of the property to evaluate their gold potential (Figure 2).  

 

  The Company has now identified approximately 23 priority drill targets, located in the Northern and Central parts of the Mosseau property (Figure 3), as a result of its integrated exploration efforts. These targets exhibit strong geological, geochemical, and geophysical signatures consistent with orogenic gold mineralization (Figure 4).  

 

  In addition to the Mosseau drill program, Harvest Gold will be launching two key regional exploration initiatives this summer:  

 

  •  

      A high-resolution magnetic survey over the LaBelle property, and  

     

    •  

  •  

      A property-wide till sampling survey over its Urban Barry properties.  

     

    •  

  These programs are designed to expand the Company’s exploration pipeline and support future drill targeting across its Quebec project portfolio.  

 

    
Click Image To View Full Size  

 

  Figure 1: Project Location: Urban-Barry Greenstone Belt  

 

    
Click Image To View Full Size  

 

  Figure 2: Magnetic Domains across the Northern and Central Target Areas of Mosseau  

 

    
Click Image To View Full Size  

 

  Figure 3: Drill targets on the Mosseau property (magnetics)  

 

    
Click Image To View Full Size  

 

  Figure 4: Compilation and Drill targets in the Central Part – Mosseau (magnetics)  

 

  Qualified Person Statement  

 

  All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.  

 

  About Harvest Gold Corporation  

 

 Harvest Gold is focused on exploring for near surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

 

  Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 377 claims covering 20,016.87 ha , located approximately 45-70 km west of Gold Fields – Windfall Deposit (Figure 1).  

 

  Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.  

 

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favorable strike along mineralized shear zones.

 

  ON BEHALF OF THE BOARD OF DIRECTORS  

 

Rick Mark
President and CEO
Harvest Gold Corporation

 

  For more information please contact:  

 

  Rick Mark or Jan Urata
@ 604.737.2303 or     info@harvestgoldcorp.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.  

 

  Forward Looking Information  

 

  This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur.  

 

  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and   actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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Freegold Significantly Upgrades and Expands Resources at Golden Summit

 

 

  •   2024’s drill program was highly successful at converting Inferred resources, upgrading and expanding Indicated resources – meeting the key objectives and providing a foundation for Pre-Feasibility activities.  

    •  

  •   Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au, a 42% increase in ounces and 15% grade increase from our Sept/24 resource estimate.

    •  

  •   Inferred Primary Mineral Resource: 11.9 Moz at 1.04 g/t Au, a 11 % increase in ounces, at the same grade

    •  

  • Cut-off grades are unchanged at 0.50 g/t Au.

    •  

  •   The 2025 Program will consist of infill and expansion drilling. Infilling is expected to continue the trend of enhancing grade and ounces, while converting Inferred Resources to Indicated Resources.

    •  

  •   Ongoing Metallurgical Work has demonstrated >90% recoveries with sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process. Additional test work is ongoing for these and conventional processing methods.

    •  

 

 

 

   2025 PROGRAM   

 

  •   Drilling in progress with four rigs, 30,000m planned.

       Conversion of inferred resources into indicated & further exploration drilling.

      

    •  

  •   Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource
    .      

    •   

 

 

 Freegold Ventures Limited (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) (‘Freegold’ or the ‘Company’) is pleased to announce an updated mineral resource estimate (‘MRE’) for its Golden Summit Project, located near Fairbanks, Alaska . In line with the results from our 2023 drill program, the 2024 program has significantly increased the number of ounces and improved Indicated grades, all while maintaining finding costs below US$4 per ounce. This new estimate incorporates data from drilling conducted in 2024 and includes metallurgical recoveries from our extensive metallurgical program. This represents another critical milestone in our ongoing exploration and development efforts.

 

 

   

 

 

  Comparison of July 2025 , September 2024 and March 2023 Resource Estimates  

 

 

                                                                                     

 

   July 2025 Resource Update   

 

    

   September 2024 Resource Update   

 

    

   March 2023 Resource Update   

 
 

   Primary Open Pit Resource   

 

    

   Primary Open Pit Resource   

 

    

   Primary Open Pit Resource   

 
   

   Moz   

 

  

   gpT   

 

  

   Cut
off
Grade   

 

      

   Moz   

 

  

   gpT   

 

  

   Cut
off
Grade   

 

      

   Moz   

 

  

   gpT   

 

  

   Cut
off
Grade   

 
 

  Indicated  

 

  

   17.2   

 

  

   1.24   

 

  

  0.5  

 

    

  Indicated  

 

  

  12.1  

 

  

  1.08  

 

  

  0.5  

 

    

  Indicated  

 

  

  12.0  

 

  

  0.92  

 

  

  0.45  

 
 

   Change from
2024   

 

  

  42 %  

 

  

  15 %  

 

      

   Change from
2023   

 

  

  0 %  

 

  

  18 %  

 

            
 

  Inferred  

 

  

   11.9   

 

  

   1.04   

 

  

  0.5  

 

    

  Inferred  

 

  

  10.3  

 

  

  1.04  

 

  

  0.5  

 

    

  Inferred  

 

  

  7.7  

 

  

  0.85  

 

  

  0.45  

 
 

   Change from
2024   

 

  

  16 %  

 

  

  0 %  

 

      

   Change from
2023   

 

  

  33 %  

 

  

  22 %  

 

            
 

   Cut off gpt 0.50 (GP$2,490)   

 

    

   Cut off gpt 0.50 (GP$1,973)   

 

    

   Cut off gpt 0.45 (GP$1792)   

 

 

 

    July 2025 Updated Mineral Resource Estimate   

 

 

                                                  

 

   Cut-off Grade   

 

   gpT   

 

  

   Classification   

 

  

   Au   

 

   gpt   

 

  

   Tonnes   

 

  

   Ounces   

 
 

   OXIDE   

 

        
 

  0.15  

 

  

  Indicated  

 

  

  0.45  

 

  

  63,706,000  

 

  

  920,000  

 
 

  0.15  

 

  

  Inferred  

 

  

  0.47  

 

  

  18,837,000  

 

  

  287,000  

 
 

   PRIMARY   

 

        
 

  0.50  

 

  

   Indicated   

 

  

   1.24   

 

  

   431,949,000   

 

  

   17,236,000   

 
 

  0.50  

 

  

   Inferred   

 

  

   1.04   

 

  

   357,614,000   

 

  

   11,964,000   

 
 

   UNDER PIT   

 

        
 

  0.75  

 

  

  Indicated  

 

  

  1.12  

 

  

  2,205,000  

 

  

  79,000  

 
 

  0.75  

 

  

  Inferred  

 

  

  1.35  

 

  

  18,014,000  

 

  

  782,000  

 

 

 

 

 

 

    Mineral Resources for the primary resources are reported at a cut-off grade of 0.50 g/t gold and constrained within an open pit shell using a gold price of US$2,490 /ounce, US$2.50/t mining cost, US$25 processing cost, US$2.00/t G+A, 92% gold recovery, and a 45° pit slope. Tonnes and ounces rounded to the nearest thousand.    

 

 

 

The July 2025 resource estimate utilises a recovery rate of 92%, which is the average of the three sulfide oxidation methods assessed to date, along with a 3-year trailing gold price of $2,490 . Processing costs have increased from   US$14 per tonne ( 72% recovery)   to US$25 per tonne   (92% recovery) to account for the additional processing needed to achieve these higher recoveries. Ongoing metallurgical work aims to identify the most effective oxidation method for the deposit and to further optimize the use of gravity, flotation, and CIL techniques, determining if a simpler flowsheet is preferable.

 

Since 2020, Golden Summit has become one of North America’s largest undeveloped gold resources. The significant increase in resource ounces and grade is due to several targeted drilling campaigns conducted between 2020 and 2024, continuous upgrades to geological models, and a deeper understanding of the site. Additionally, strong metallurgical results have contributed to these advancements. The project presents an exceptional development opportunity, further enhanced by its strategic proximity to essential infrastructure, including roads, supply centres, and a readily available labour force.

 

The drilling programs have discovered significantly higher-grade material and have converted previously classified waste areas into mineralized zones deemed potentially economically viable. The expansion of mineralisation to the west has also provided new data on the higher-grade portions of Golden Summit. Consequently, there has been an increase in both the total indicated gold ounces and their grades within an open-pit context.

 

While the increase in resource size has been our most notable success, the improvement in grade has been particularly rewarding for Freegold. The expanded database of drill holes has enabled us to refine the geological model and deepen our understanding of how higher-grade mineralisation is distributed within a broader lower-grade halo. Over the last year, the focus has been on strengthening fault control boundaries to identify a higher-grade corridor, which has contributed to our success in increasing the overall grade of the indicated resource.

 

We anticipate that further infill drilling will help convert inferred resources into the indicated category and may continue the trend of increasing grade as we reduce drill spacing. This will contribute to greater confidence in the higher-grade zones identified in our model. The most recent resource estimate indicates growth in both overall resources and grades, while also maintaining Freegold’s remarkably low discovery cost of less than $4.00 per ounce.

 

In 2025, Freegold will focus on upgrading inferred resources to indicated resources to support further the planned pre-feasibility study (PFS), scheduled to commence later this year. Since inferred resources cannot be included in a PFS, drilling activities will focus on improving grade and increasing drill density to move inferred resources into the indicated category. Additionally, further drilling will aim to enhance the resource and define a smaller, higher-grade starter pit as the project progresses through the pre-feasibility phase. The goal is to reduce both operating and initial capital costs. This strategic approach is designed to optimize value by minimizing expenditures while maximizing resource grade and growth, thereby increasing overall effectiveness.

 

Supplementary metallurgical test holes will be drilled to obtain additional material for comprehensive testing. This will help optimize recovery rates and identify the most suitable processing methods. In addition, geotechnical drilling is being conducted to assess groundwater conditions. Ongoing archaeological, paleontological, and cultural resources studies are also part of the process.

 

Trade-off studies will be conducted to enhance the project’s economics, weighing improved recovery rates against capital and operating expenses as development proceeds. These studies will also assess various cut-off grades and strip ratios. The table below presents specific cut-off grades applicable within and beneath the current pit.

 

  OXIDE  

 

 

                                                                      

 

   Cut-Off Grade   

 

   gpt   

 

  

   Classification   

 

  

   Au   

 

   gpt   

 

  

   Tonnes   

 

  

   Ounces   

 
 

  1.00  

 

  

   Indicated   

 

  

  1.98  

 

  

  4,154,000  

 

  

  264,000  

 
 

  0.75  

 

  

   Indicated   

 

  

  1.45  

 

  

  7,954,000  

 

  

  370,000  

 
 

  0.50  

 

  

   Indicated   

 

  

  1.08  

 

  

  14,153,000  

 

  

  490,000  

 
 

  0.40  

 

  

   Indicated   

 

  

  0.89  

 

  

  20,007,000  

 

  

  574,000  

 
 

  0.30  

 

  

   Indicated   

 

  

  0.70  

 

  

  30,918,000  

 

  

  695,000  

 
 

  0.15  

 

  

   Indicated   

 

  

  0.45  

 

  

  63,706,000  

 

  

  920,000  

 
         
 

  1.00  

 

  

   Inferred   

 

  

  1.47  

 

  

  1,598,000  

 

  

  76,000  

 
 

  0.75  

 

  

   Inferred   

 

  

  1.08  

 

  

  4,628,000  

 

  

  160,000  

 
 

  0.50  

 

  

   Inferred   

 

  

  1.02  

 

  

  5,225,000  

 

  

  172,000  

 
 

  0.40  

 

  

   Inferred   

 

  

  0.90  

 

  

  6,613,000  

 

  

  191,000  

 
 

  0.30  

 

  

   Inferred   

 

  

  0.74  

 

  

  9,242,000  

 

  

  221,000  

 
 

  0.15  

 

  

   Inferred   

 

  

  0.47  

 

  

  18,837,000  

 

  

  287,000  

 

 

 

  PRIMARY  

 

 

                                                                      

 

   Cut-Off
Grade   

 

   gpt   

 

  

   Classification   

 

  

   Au   

 

   gpT   

 

  

   Tonnes   

 

  

   Ounces   

 
 

  1.00  

 

  

   Indicated   

 

  

  2.51  

 

  

  131,992,000  

 

  

  10,666,000  

 
 

  0.75  

 

  

   Indicated   

 

  

  1.85  

 

  

  220,694,000  

 

  

  13,115,000  

 
 

  0.50  

 

  

   Indicated   

 

  

  1.24  

 

  

  431,949,000  

 

  

  17,236,000  

 
 

  0.40  

 

  

   Indicated   

 

  

  1.04  

 

  

  579,279,000  

 

  

  19,358,000  

 
 

  0.30  

 

  

   Indicated   

 

  

  0.87  

 

  

  774,281,000  

 

  

  21,541,000  

 
 

  0.15  

 

  

   Indicated   

 

  

  0.68  

 

  

  1,094,031,000  

 

  

  23,862,000  

 
         
 

  1.00  

 

  

   Inferred   

 

  

  2.08  

 

  

  96,158,000  

 

  

  6,427,000  

 
 

  0.75  

 

  

   Inferred   

 

  

  1.60  

 

  

  157,927,000  

 

  

  8,125,000  

 
 

  0.50  

 

  

   Inferred   

 

  

  1.04  

 

  

  357,614,000  

 

  

  11,964,000  

 
 

  0.40  

 

  

   Inferred   

 

  

  0.87  

 

  

  499,019,000  

 

  

  14,006,000  

 
 

  0.30  

 

  

   Inferred   

 

  

  0.74  

 

  

  676,275,000  

 

  

  15,987,000  

 
 

  0.15  

 

  

   Inferred   

 

  

  0.56  

 

  

  1,018,956,000  

 

  

  18,473,000  

 

 

 

  UNDER PIT  

 

 

                                                                      

 

   Cut-Off
Grade   

 

   gpt   

 

  

   Classification   

 

  

   Au   

 

   gpT   

 

  

   Tonnes   

 

  

   Ounces   

 
 

  1.00  

 

  

   Indicated   

 

  

  1.38  

 

  

  1,106,000  

 

  

  49,000  

 
 

  0.75  

 

  

   Indicated   

 

  

  1.12  

 

  

  2,205,000  

 

  

  79,000  

 
 

  0.50  

 

  

   Indicated   

 

  

  0.76  

 

  

  6,741,000  

 

  

  165,000  

 
 

  0.40  

 

  

   Indicated   

 

  

  0.63  

 

  

  11,872,000  

 

  

  239,000  

 
 

  0.30  

 

  

   Indicated   

 

  

  0.50  

 

  

  21,854,000  

 

  

  351,000  

 
 

  0.15  

 

  

   Indicated   

 

  

  0.35  

 

  

  46,969,000  

 

  

  525,000  

 
         
 

  1.00  

 

  

   Inferred   

 

  

  1.92  

 

  

  8,537,000  

 

  

  526,000  

 
 

  0.75  

 

  

   Inferred   

 

  

  1.35  

 

  

  18,014,000  

 

  

  782,000  

 
 

  0.50  

 

  

   Inferred   

 

  

  0.81  

 

  

  62,654,000  

 

  

  1,635,000  

 
 

  0.40  

 

  

   Inferred   

 

  

  0.66  

 

  

  107,236,000  

 

  

  2,277,000  

 
 

  0.30  

 

  

   Inferred   

 

  

  0.53  

 

  

  182,142,000  

 

  

  3,117,000  

 
 

  0.15  

 

  

   Inferred   

 

  

  0.34  

 

  

  444,266,000  

 

  

  4,898,000  

 

 

 

 

 

 

    Mineral Resources for the primary resources are reported at a cut-off grade of 0.50 g/t gold and constrained within an open pit shell using a gold price of $ US$2,490/ounce, US$2.50/t mining cost, US$25 processing cost, US$2.00/t G+A, 92% gold recovery, and a 45° pit slope. Tonnes and ounces rounded to the nearest thousand.    

 

 

 

The Golden Summit assay dataset for the current MRE includes collar locations for 444 drill holes and 89,485 assays within the grade shell boundaries used to constrain the MRE. The MRE is constrained within three lithological domains that have been used for resource estimation: High-Grade Schist, Low-Grade Schist and Intrusive. These three domains are further constrained by a 0.14 g/t Au gradeshell.

 

Compositing of samples is performed to mitigate the impact of sample length on the contribution of sample grade (sample support). Assays were composited to a length of three (3) meters, as over 90% of the samples within the three domains have a length equal to or less than three meters. Composites honour domain boundaries, and if the last sample within a domain was less than 1.0 meters in length, it was discarded.

 

Capping analysis was conducted for composites in three domains using cumulative frequency curves. A break in the cumulative frequency curve for the High-Grade Schist domain at 110 g/t suggested that this would be an appropriate capping level. However, it was determined that applying this cap resulted in a lower average gold grade for the block model compared to the corresponding composite population. Consequently, the capping level was increased to 170 g/t. At this new level, only two composites were affected, resulting in a 1.5% reduction in the cumulative value of the composite population.

 

In the Low-Grade Schist domain, the capping level was set at 70 g/t Au, where the cumulative frequency curve shows a sharp break. This affected ten composites, resulting in an approximate 1.5% decrease in the cumulative value of the composite population.

 

For the Intrusive domain, the cumulative frequency curve exhibits a break between 7 and 8 g/t, and the capping level was set at 8 g/t. Six composites were impacted by this cap, resulting in a reduction of about 1.5% in the aggregate value of the population.

 

In 2024, Freegold provided Tetra Tech with 75 specific gravity measurements, of which 33 were identified as intrusive and 42 as schist. The average specific gravity for intrusive samples was 2.68 g/cm³, while for schist samples, it was 2.67 g/cm³. These average values are very similar to previous measurements and were applied to the estimation domain wireframes.

 

Variographic ranges were analyzed using Sage 2001 software, which generates least-squares best-fit curves for the variogram values. The Schist parameters were utilized for the High-Grade domain, as it is primarily located within the Schist domain.

 

Grades were interpolated into the block model in a single pass using SGS Genesis software and the ordinary kriging method. For a grade to be interpolated into a block, a minimum of four (4) and a maximum of six (6) composites had to be present within the volume of the search ellipse. Additionally, a maximum of two composites was permitted from a single drill hole, ensuring that the grade interpolated into each block was informed by composites from at least two different drill holes. The dimensions of the search ellipses were determined by combining variographic ranges with the minimum requirements needed to include at least two drill holes.

 

Mineral Resources were classified as Indicated or Inferred as defined by CIM (2005, 2014).

 

Because the Golden Summit mineralization occurs in part at or near surface, the global estimated resource was constrained with a conceptual pit shell. The gold price was obtained from three-year trailing averages. Mining and processing costs were obtained from internal Freegold studies, and the process recovery is based on 2024 metallurgical tests.

 

The block model has been validated through visual comparison of blocks and associated assay grades, as well as numeric comparison of assay, composite, and block model grades using swath plots.

 

The past five years have been transformational for the Company, and 2025 is set to be an exciting year for Freegold. Our plans include further metallurgical test work, as well as additional infill and expansion drilling. The 2024 program demonstrated our ability to both expand the resource and improve the overall resource grade. A Pre-Feasibility Study (PFS), which will incorporate the 2025 drilling results, is expected to commence later this year. We want to acknowledge the continued support of our shareholders and look forward to making further progress with the 2025 program.

 

  Qualified Person and Technical Information  

 

A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by ALS Laboratories. Core samples were prepared in ALS’s facility using the PREP-31BY package. Each core sample is crushed to better than 70 %, passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 1kg is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen; a portion of this pulverized split is digested by Four Acid and analyzed via ICP-AES (method code ME-ICP61). Fire Assay analyzes all samples with an AAS finish, method code Au-AA23 (30g sample size) and over 10 g/t are automatically assayed using a FA Grav method, Au-GRAV21. Additional Au screening is performed using ALS’s Au- SCR24 method; select samples are dry-screened to 100 microns. A duplicate 50g fire assay is conducted on the fine fraction, and an assay is conducted on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Analytical and assay procedures are conducted in ALS’s North Vancouver and Reno facilities. Several holes were analyzed by MSALABS. At MSALABS, the entire sample was dried and crushed to 70% passing -2mm (CRU-CPA). A ~500g riffle split was analyzed for gold using CHRYSOS PhotonAssay (CPA-Au1). From this, 250g was further riffle split from the original PhotonAssay sample, pulverized, and a 0.25g sub-sample was analyzed for multi-element geochemistry using MSA’s IMS230 package, which includes 4-acid digestion and ICP-MS finish. MSALABS operates under ISO/IEC 17025 and ISO 9001 certified quality systems. A QA/QC program included laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

 

The MRE, with an effective date of July 23, 2025 , was prepared by Tetra Tech Canada. Greg Mosher , P. Geo and Maurie Marks , P.Eng of Tetra Tech Canada are ‘Qualified Persons’ for the Updated Mineral Resource Estimate as defined in NI 43-101 and are ‘independent’ of Freegold for the purposes of NI 43-101. Greg Mosher and Maurie Marks have reviewed and approved the scientific and technical information herein regarding the Golden Summit project. Greg Mosher visited Golden Summit on November 11–12, 2022, and October 16, 2024 . Greg Mosher and Maurie Marks visited the project on September 12, 2023 .

 

The full technical report, which is being prepared in accordance with NI 43-101 by Tetra Tech Canada, will be available on SEDAR ( www.sedarplus.com) under the Company’s issuer profile within 45 days from this news release.

 

  Alvin Jackson , P.Geo, Vice President of Exploration and Development of the Company and a ‘Qualified Person’ as defined in NI 43-101, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein.

 

  Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024 , filed under Freegold’s profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold’s operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect   on Freegold’s business, results of operations, and financial condition.  

 

SOURCE Freegold Ventures Limited

 

 

 

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