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Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce it has awarded the contract to Soutex, a firm specializing in mineral processing and metallurgy, to carry out the first advanced and comprehensive metallurgical sampling and testwork program for the Main Sector of its Cadillac Project.

Key Objectives of the Program

  • Defining expected gold recovery rates and improving upon historical results from the Chimo deposit.
  • Establishing first-time metallurgical recovery data for the East Chimo and West Nordeau satellite deposits, where no previous data exists.
  • Supporting the development of an integrated process flowsheet .
  • Providing critical data for future trade-off studies to guide project development.

The metallurgical program represents a critical de-risking milestone to advance the development of the Cadillac Project. By understanding how the mineralized material responds to conventional processing methods, we can define the most efficient and cost-effective flowsheet. This has the potential to significantly reduce both capital and operating costs, while also improving our environmental footprint. The data generated will directly support optimized project development and enhance our economic models. In short, these test results will strengthen the technical foundation of the project and help unlock greater shareholder value . ‘ – Philippe Cloutier, President and CEO of Cartier.

Following the recent launch of baseline environmental studies, we’re pleased to advance the Cadillac Project with the initiation of our first modern metallurgical test program. With historical data now nearly 30 years old, it was essential for Cartier to generate updated, high-quality data that reflects current standards. This comprehensive program will characterize the mineralized material, gold recovery potential, and validate optimal grind size (key inputs for future engineering and economic studies). Combined with our ongoing 100,000-metre drill program, these initiatives position us to unlock the full value of the Cadillac Project. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Historical Production Recovery (source: MRNF DV 85-05 to DV 97-01 + internal company reports)

The mineralized material from the Chimo mine (Chimo deposit) was processed by 3 different producers: Chimo Gold Mines (1966-67), Louvem (1984-1989) and Cambior (1989-1997). The flowsheet was focused on gravity separation, flotation and cyanidation of flotation concentrate. Records show that from 1966 through 1997, approximatively 2.4 million tonnes of mineralized material have been processed. During the 15-year period production, the historical average recovery was 90.6% of the contained gold. These numbers appear to underestimate the deposit and should be able to improve, since the first two operators of the Chimo mine (Chimo Gold Mines and Louvem) had good extraction results, around 94%, while the last production period by Cambior showed a significant drop in recoveries with only 89% of the contained gold.

There is no metallurgical information available for the other deposits of the Main Sector like East Chimo and West Nordeau deposits.

Methodology of the Metallurgical Testwork Program

To achieve the program objectives, the testwork will be conducted on NQ-size half-drill core intervals spatially selected to be representative of both the type of mineralization and the average head grade of the resource. A total of 6 composites for 300 kg from the three deposits (Chimo, East Chimo and West Nordeau) will be generated including two 50 kg-composites for each deposit. The composites will be assembled by Cartier geologists.

All composites of the three deposits will be subject to cyanidation tests at three different grind sizes. After these tests, gravimetric concentration separation followed by a cyanide destruction tests of the gravity tails will be done at the grind size showing the best results. In addition to the metallurgical program, comminution test, as well as chemical and mineralogical characterization, will also be performed to define the grindability of the mineralized material and predict his behaviour in the process.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Soutex

Soutex is a consulting firm in mineral processing and metallurgy that offers specialized services, from the initial stages of development on paper to the daily operations of the processing plant. Their designs stem from their solid experience in providing plant operations support. This support is based on their knowledge of fundamental ore processing principles and their in-plant experience. Founded in 2000 and having offices in Canada (Quebec and Longueuil) and Germany (Munich), Soutex comprises more than 40 metallurgists, process engineers, and technicians, making it one of the largest groupings of specialists in the field in Canada. Services have been offered to clients located across Canada and abroad (West Africa, United States, Finland, New Caledonia, Suriname, and Madagascar).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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

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The Trump administration is looking to cut funding for a program that provides permanent housing to the homeless, a move that may leave those the program aims to help back on the streets, according to a report.

More than 170,000 people could be at risk of experiencing homelessness when more than half the funding for the Department of Housing and Urban Development’s (HUD) permanent housing program is cut, Politico reported on Monday, citing three HUD employees, internal HUD documents and a person with knowledge of the Continuum of Care (CoC) program.

The cut funds will be moved to transitional housing assistance with some work or service requirements, according to the internal documents and those with knowledge of the situation. The cuts could have a greater impact on rural areas that have less access to city and state funds to supplement federal dollars, the people told the outlet.

‘When the subsidy and the support that goes along with those subsidies is removed, it puts people at grave risk,’ said the person with inside knowledge of the CoC program. ‘And most of these folks without these supports will likely end up back in emergency shelters or back on our nation’s streets.’

HUD Secretary Scott Turner wrote in a  Fox News Digital opinion piecei earlier this month about a ‘paradigm shift’ in the department’s approach to homelessness and housing.

‘But our goal is to let HUD use real, proven effective strategies, and there is no evidence that giving free apartments to the homeless without preconditions or participation requirements – like job training or treatment – leads to good outcomes,’ Turner wrote. 

‘There is evidence, however, that countless lives have been lost to overdoses in HUD-funded housing because of this failed ideology,’ the secretary continued.

Turner wrote that HUD wants to continue to help support work that aims to aid those experiencing homelessness and battling addiction to recover and become self-sufficient.

Permanent housing funding for 2026 is currently $3.3 billion and could be cut in half to $1.1 billion through the Trump administration’s effort, according to Politico. 

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The Transportation Security Administration (TSA) and the Department of Homeland Security (DHS) uncovered that the Biden administration placed some Americans who resisted the COVID-19 mask mandate or were involved in the events of Jan 6, 2021, on prolonged TSA watchlists, including some on a no-fly list typically reserved for suspected terrorists.

Fox News Digital acquired the findings of an internal investigation conducted by the agencies that showed that then-President Joe Biden’s TSA initiated ‘Operation Freedom to Breathe’ in September 2021, roughly six months after the CDC relaxed the COVID-19 mask mandate, which targeted Americans who previously resisted mask mandates set forth by the Biden Administration. 

The initiative placed 19 Americans on various levels of intensive watchlists, with more than half added to the highest severity no-fly list, preventing them from boarding a flight in the U.S. entirely. Eleven of the individuals remained on watchlists until April 2022, when the national mask mandate was lifted by the Biden administration. 

‘Biden’s TSA Administrator [David] Pekoske and his cronies abused their authority and weaponized the federal government against the very people they were charged with protecting,’ Homeland Security Secretary Kristi Noem told Fox News Digital. 

‘Biden’s TSA wildly abused their authority, targeting Americans who posed no aviation security risk under the banner of political differences,’ Noem added. ‘President Trump promised to end the weaponization of government against the American people, and we are making good on that promise.’

Fox News Digital reached out to Pekoske, but did not receive a response.

The investigation also concluded that Biden’s TSA placed roughly 280 individuals allegedly involved in the Capitol protests on Jan 6, 2021, on watchlists, including five on a no-fly list. 

Biden’s TSA ignored internal concerns raised by career intelligence officials and TSA’s Chief Privacy Officer that placing individuals on the list ‘is clearly unrelated to transportation security,‘ and that ‘TSA is punishing people for the expression of their ideas when they haven’t been charged, let alone convicted of incitement or sedition,’ according to emails from a top privacy official at TSA dated Jan 13, 2021, obtained by Fox News Digital.

Another TSA intelligence employee also expressed worry over watchlisting individuals allegedly involved in the Capitol protest, saying most individuals who were arrested ‘are technically curfew breakers,’ and that ‘I hope we don’t end up adding them [to a watchlist] on just the arrest,’ according to an internal email obtained by Fox.

Internal emails said that TSA mainly relied on the George Washington University Program of Extremism academic database and social media, rather than traditional sources like the FBI and local police, to determine which individuals should be placed on watchlists.

One individual, a national guardsman deployed to the Capitol for Biden’s inauguration on Jan 20, 2021 and was not present at the Capitol on Jan 6, 2021, was added to a no-fly list because of bad intelligence from Biden’s FBI.

Another individual, the wife of a federal air marshal who was also not present at the Capitol on Jan 6, was added to a watchlist due to additional bad intelligence from the Biden FBI.

Americans allegedly involved with the events of Jan 6, 2021, who were not tied to unrelated, individual incidents, were removed from various watchlists on June, 28, 2021. 

A majority of Americans allegedly involved with the events of Jan 6, 2021, who were placed on watchlists were removed from them on June, 28, 2021, though some who had been charged remained watchlisted until they were cleared.

Sources at TSA say the Biden administration’s targeting of Americans is the most expansive use of putting U.S. citizens on a no-fly list in history. 

Noem told Fox News Digital that the agency will be ‘referring this case to the Department of Justice and for Congressional investigation.’

Preston Mizell is a writer with Fox News Digital covering breaking news. Story tips can be sent to Preston.Mizell@fox.com and on X @MizellPreston

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U.S. District Judge Royce Lamberth has blocked a new wave of terminations at Voice of America, offering harsh words for Kari Lake and saying the Trump administration’s conduct in his case would support civil contempt proceedings, if only the plaintiffs had asked.

In the 19-page ruling, Judge Lamberth halted the mass reduction in force at the U.S. Agency for Global Media (USAGM) and issued a warning that cuts would ‘cement’ VOA’s failure to meet legal obligations to provide reliable news.

Lamberth’s list of failures included statutory violations involving VOA shutting down mandated language services despite clear congressional directives.

He stated that VOA acknowledged its ‘radio presence’ had shrunk to a single 30-minute daily program in Dari and Pashto, leaving gaps in coverage for nations like North Korea and China.

Kari Lake was called out for admitting under oath that she hadn’t ‘given it a lot of thought’ whether Africa qualifies as a ‘significant region of the world’ under the law and confirmed VOA produces no programming for South America.

And Lamberth accused the Trump administration of misleading the court, going as far as to call it incredible to suggest the RIF was ‘uncertain’ while evidence showed it was already in motion.

The RIF notices covered both VOA and USAGM employees, and Lamberth rejected the government’s attempt to carve out non-VOA staff.

He accused Lake and her team of ‘thumbing their noses at Congress’s commands’ and showing ‘brazen disinterest’ in statutory duties — strong language worth including.

The contempt warning wasn’t just about tone; it was also tied to their failure to produce required documents about future RIFs, despite court orders.

Overall, the order keeps VOA’s workforce intact through Oct. 14, when Lake will be forced to work with her team to file a plan showing how they will restore the legally required programming.

The judge warned that their ‘disrespect’ for other rulings would have been enough to trigger a contempt trial.

‘Equity is allergic to rigidity,’ Lamberth wrote, pointing out the court’s power to stop executive overreach.

This post appeared first on FOX NEWS

Let’s roll back the clock.

After the 2020 election, Donald Trump found himself the target of multiple investigations.

The flimsiest, and most partisan, was brought by Manhattan DA Alvin Bragg, who somehow elevated the Stormy Daniels payoffs from a misdemeanor to a felony, and got a conviction.

Then there was Jack Smith, who launched two investigations — one involving classified documents, the other on allegations related to Jan. 6.

And in Georgia, Fulton County DA Fani Willis investigated Trump’s famous phone call to Brad Raffensperger — ‘I just want to find 11,780 votes’ — and some of Trump’s lawyers, such as Sidney Powell and Jenna Ellis, pleaded guilty.

Beyond that, New York AG Letitia James filed a civil suit about inflated property values that led to a fine that has since grown to half a billion dollars — a penalty so outrageous that an appeals court threw it out on grounds of cruel and unusual punishment.

And what was the mindset of the media, the Democrats and at least half the country at that time?

It was that Trump had done a lot of bad things, and if he could be successfully prosecuted before the 2024 election, he could be knocked out of the race. 

But from Trump’s point of view, these were bogus cases brought by biased prosecutors — James had won election by vowing to go after him — and backed by unfair judges for the sole purpose of keeping him out of the White House.

Joe Biden may have kept hands off — Jack Smith was named special counsel by AG Merrick Garland — but to the president it was all a grand left-wing conspiracy.

And that’s why Trump feels entitled to payback.

That’s why James Comey was just indicted, with Trump firing his own U.S. attorney who believed there wasn’t enough evidence, replacing him with a loyalist whose job was to charge the former FBI director.

That’s why Tish James is now under investigation for alleged mortgage fraud, 

That’s why the Trump DOJ has just subpoenaed Fani Willis’ travel records from last year, and is investigating Sen. Adam Schiff.

To Donald Trump, this is all fully justified payback.

But he’s doing exactly what was done to him — going after political enemies — and doing it out in the open. He has ordered Attorney General Pam Bondi to pursue these cases, and fast, which is weaponizing the Justice Department against those he despises, in a way that no previous president has ever done. 

He pronounces these targets ‘guilty as hell’ — that alone would be a scandal in any other administration for prejudicing a trial — and celebrates the unveiling of indictments, such as calling Comey a ‘sick person,’ a ‘Dirty Cop’ and a ‘SLIMEBALL.’

So how does Trump justify doing what was done to him? He doesn’t. He’s never been big on consistency. And his MAGA base supports him no matter what.

Keep in mind that the perjury allegation — based on a vague exchange about a leak to the Wall Street Journal about the Clinton Foundation, ironically — was investigated by special counsel John Durham in the first term, and by the DOJ’s inspector general, and neither brought charges.

When Erik Seibert, the U.S. attorney in Virginia’s Eastern District, found insufficient evidence to charge Comey, Bondi pushed back in defense of the 15-year veteran, Still, Trump replaced him with White House aide and onetime beauty queen Lindsey Halligan, his former lawyer, who has never tried a criminal case. Halligan couldn’t even find the courtroom, and no prosecutor in the office agreed to accompany her, as is customary. Doesn’t matter. She had one job.

‘My family and I have known for years that there are costs to standing up to Donald Trump,’ Comey said in a video.

Fourteen of the 23 grand jurors backed the two charges, just over the required minimum, and the jurors dismissed a proposed third count.

National Review’s Andy McCarthy, a former federal prosecutor, called the indictment ‘so ill-conceived and incompetently drafted, he should be able to get it thrown out on a pretrial motion to dismiss.’

Dan Abrams, ABC’s chief legal analyst (and founder of Mediaite) said on ‘This Week’: ‘I don’t even think that many in the Trump administration believe they’re going to get a conviction. I think that there’s a 95 percent-plus chance that there won’t be a conviction. That it’ll either get dismissed by a judge, there’ll be a hung jury, there’ll be an acquittal. But I’m not certain that that’s the end goal here.’ 

In other words, making Comey’s life miserable and forcing him to pay legal fees may be satisfying enough.

Schiff, for his part, called the mortgage fraud allegation against him ‘the kind of stuff you see tinpot dictators do.’ .

But there’s a larger issue here than the culpability of Comey and the others. As a former Justice Department reporter, I know all too well that presidents are not supposed to intervene in criminal investigations, and that dates to a series of post-Watergate reforms after Richard Nixon’s attorney general went to prison.

But Trump does all this out in the open. There’s no need to rely on unnamed sources. When he issued a memo demanding investigations of his foes, he made it public. 

‘We can’t delay any longer, it’s killing our reputation and credibility,’ the president wrote on Truth Social. He complained that ‘nothing is being done,’ demanding that Bondi investigate Coney, James and Schiff. And now he’s talking about targeting Democratic donor and activist George Soros.

The president also has a knack for letting his allies off the hook. After New York Mayor Eric Adams was indicted on corruption charges, Trump ordered the case dropped. Then he tried to lure Adams out of the race by offering him a job, to boost the chances of defeating the man he calls ‘Communist’ Zohran Mamdani. Adams, stuck in single digits, just dropped out, and don’t be surprised if he winds up as an ambassador.

When a deranged shooter in Michigan opened fire during a Mormon church service, and set the place on fire, killing at least four people, before being shot to death, Trump called it ‘horrendous’ and called Gov. Gretchen Whitmer. Press Secretary Karoline Leavitt said the killer hated Mormons.

The president called it ‘another targeted attack on Christians.’

What Trump and Leavitt neglected to mention is that the murderer has a Trump/Vance sign in front of his house.

So despite the president’s insistence that left-wingers are responsible for virtually all political violence, here’s a case where a right-winger, and Trump fan, is responsible for cold-blooded mass murder. But one day there will a Democrat in the White House again, ready to use the same tactics unleashed by Trump.

Dartmouth professor Brendan Nyhan, who heads a watchdog group, told the New York Times: ‘Do Republicans want to give President AOC unilateral powers to determine which Defense Department programs she wants to fund?’

His forthcoming report says ’50 percent of Democrats now support restricting or shutting down Fox News, up from 37 percent in 2021.’ I would find that chilling, even if I didn’t work at Fox. Where is it written that the government should be shutting down news outlets?

The larger point is this: Trump believes he’s entitled to payback because of all the indictments aimed at him. The Democrats believe Trump has shattered the wall that protected criminal probes from White House interference. And so we plunge into an endless cycle of retribution, with each administration investigating the previous one and justifying it as getting even for their own mistreatment. 

: The news conference that President Trump was going to hold with Bibi Netanyahu yesterday turned into a non-conference when Trump, of all people, refused to take questions — not even the traditional two from each side. So they each gave lengthy speeches and left.

But the president achieved something remarkable. He got Bibi to go along with his plan to end the war in Gaza. Trump even said he’d personally head a peace board designed to protect Israel’s security, that Hamas would release the remaining hostages, and mentioned Oct. 7.

Honestly, it was probably shrewd not to be distracted by questions.

Here’s the problem: Hamas hasn’t agreed to anything yet, and has stuck by its insistence on a complete withdrawal of Israeli forces before any hostages are released. So the terrorist group is unlikely to agree.

If Hamas rejects the plan, Netanyahu said, ‘Israel will finish the job by itself.’

Then he said, ‘we can do this the easy way or the hard way’ — apparently unaware that was the much-condemned line that FCC Chairman Brendan Carr used to threaten action against Jimmy Kimmel.

Bibi also demanded an end to ‘incitement by the media,’ as if he or anyone else could tell the press what to do.      

This post appeared first on FOX NEWS

Investor Insight

With a growth-oriented strategy, Golconda Gold is positioning itself as one of the highest-torque junior gold producers in the sector with assets in prolific gold districts in South Africa and the US. For investors bullish on gold, Golconda is a unique opportunity: a profitable producer with meaningful growth ahead, exposure to both gold and silver, and the discipline to deliver shareholder value in a capital-efficient way.

Overview

Golconda Gold (TSXV:GG;OTCQB:GGGOF) is an unhedged gold producer and explorer with operations in South Africa and the United States. The company is focused on optimizing its current mining and processing operations, reducing costs, and growing organically while pursuing accretive acquisition opportunities.

Map and details of gold mines in South Africa and New Mexico near Golconda Gold

Its growth story is underpinned by two cornerstone assets: Galaxy Gold, the company’s cash-flowing, long-life South African operation; and Summit, a high-grade silver-gold project in New Mexico poised for a restart. Galaxy provides a steadily growing, self-funded production base, while Summit is positioned as the next major catalyst for Golconda, broadening investor exposure to silver and US operations. These assets enable Golconda to deliver meaningful production growth without dilution, providing investors direct leverage to gold prices at a time when juniors remain undervalued relative to commodity prices.

With strong insider ownership and a disciplined approach to capital, Golconda offers investors a unique combination of operating stability, near-term growth and upside exploration potential.

Company Highlights

  • Significant Production Growth: On track to triple production over three years at Galaxy while bringing Summit online in Q2 2026.
  • Summit Restart and Spin-out: Fully permitted past-producing mine in New Mexico, expected to restart in Q2 2026 and spin out as a standalone US-focused gold-silver producer in Q4 2026.
  • No Dilution Strategy: Growth funded through operating cash flow rather than equity raises, ensuring torque to gold without shareholder dilution.
  • Insider Alignment: Management and insiders control more than 40 percent of shares, aligning leadership directly with shareholder interests.
  • Jurisdictional Strengths: Operations in South Africa’s Barberton Greenstone Belt (long history of gold mining, strong infrastructure) and in the US southwest.
  • Exploration Upside: Both Galaxy and Summit hold substantial untested upside with additional ore bodies and underexplored zones.

Key Projects

Galaxy Gold Mine

Galaxy is Golconda’s cornerstone asset and currently the company’s sole producing mine. Situated in the Barberton Greenstone Belt, one of South Africa’s most prolific gold districts with nearly 150 years of mining history, the mine benefits from established infrastructure, sealed-road access and proximity to skilled mining services. The property hosts a large resource base of 941,000 oz of gold in the measured and indicated categories grading 2.79 grams per ton (g/t), plus 1.37 million oz (Moz) inferred at 2.62 g/t.

Map of Southern Africa and details of Golconda Gold

Snapshot of Galaxy Gold Mine Operations

The operation is an underground, trackless mechanized mine, currently producing at a run rate of ~12,000 oz/year, with a multi-stage ramp-up plan to 25,000 oz/year by 2027 and up to 45,000 oz/year by 2028. Ore is processed through a 50,000 tonnes per month (tpm) crush-mill-float plant, which was refurbished with a new mill, concentrate tanks, and a filter press. The plant is already capable of handling the full ramp-up capacity, allowing it to expand with minimal capital outlay.

Galaxy produces a refractory gold concentrate sold directly to Ocean Partners, eliminating the need for BIOX or other complex high-capex processing routes. This low-risk sales model enables Galaxy to operate profitably and reinvest cash flow into mine development. The mine plan leverages both the Princeton and Galaxy ore bodies, with development into additional levels and ore bodies among the 21 known mineralized zones on the property. Over its history, Galaxy (formerly, the Agnes mine) has produced more than 1.3 Moz of gold, with current exploration drilling continuing to identify significant upside at depth and along strike.

Aerial view of Golconda Gold

Economically, Galaxy is highly accretive: at $3,000/oz gold, the operation generates an after-tax NPV5 percent of US$201 million, with life-of-mine free cash flow exceeding US$270 million on conservative assumptions. The operation has a projected all-in sustaining cost (AISC) of ~US$1,000/oz once ramp-up is complete, positioning it competitively within the global cost curve.

Summit Gold-Silver Mine and Banner Mill

The Summit mine, located in the Steeple Rock Mining District of southwestern New Mexico, is a high-grade past-producing underground operation. The New Mexico portfolio also includes the Banner mill, a 240 tpd flotation facility located 57 miles from Summit via paved highways and sealed roads. Golconda acquired the project from Waterton in 2021, along with a streamlined land package totaling ~4,000 acres of patented and unpatented claims.

Map of New Mexico mines with details of Golconda Gold

Summit Mine and Banner Mills snapshot

Summit hosts a defined resource of 1.4 Moz silver and 26,000 oz gold in measured and indicated categories, plus 5.1 Moz silver and 74,000 oz gold inferred. The mine is fully permitted and is expected to restart in Q2 2026, with first concentrate production within 9 to 12 months. The restart strategy is fully funded internally from Galaxy cash flows, ensuring no dilution to shareholders.

The planned annual production profile targets ~10,000 oz gold and 444,000 oz silver at steady state, with an average AISC of US$1,600/oz gold equivalent. At $3,000/oz gold and $35/oz silver, Summit delivers an after-tax NPV5 percent of US$105 million, with cumulative free cash flow of ~US$135 million over its mine life. The project is structured to be spun out into a standalone US-only gold-silver producer by Q4 2026, broadening investor appeal and potentially unlocking a higher valuation multiple.

Banner Mill at Golconda Gold

The Banner Mill 240-tpd flotation facility 57 miles from the Summit mine

Exploration upside at Summit is significant. The Billali Zone, northwest of the main deposit, has returned historical intercepts including 681 g/t silver and 9.38 g/t gold over 4.4 m and hosts a 1992 historical resource of 288,000 tonnes grading 121 g/t silver and 3.67 g/t gold. The nearby Mohawk Area features a 2,000 ft IP anomaly with drill intercepts including 1.5 m at 437.5 g/t silver and 9.34 g/t gold at depth. Both zones remain open and underexplored, providing clear potential to extend mine life and scale production.

Summit’s restart and planned spin-out will give Golconda a second producing asset in a Tier 1 jurisdiction, diversify its commodity mix with silver exposure, and broaden its investor base, while maintaining the company’s no-dilution philosophy.

Management Team

Ravi Sood – Chairman and CEO

Ravi Sood has more than 25 years of experience in capital markets and operations. He is the founder and former CEO of Navina Asset Management, and director of Elemental Altus Royalties and Sparq Systems. He founded and/or co-founded multiple companies in mining, energy and renewables.

Andrew Bishop – Chief Financial Officer

A chartered accountant with more than 22 years of financial and mining experience in Africa and North America, Andrew Bishop brings strong financial discipline and operational insight to Golconda. He was previously with Aureus Mining, Avesoro Resources and Golden Star.

Wayne Hatton Jones – Chief Operating Officer

Wayne Hatton Jones is a mining professional with 38 years of experience in Africa, Asia and Europe. He previously worked at Goldridge, Avocet, Randgold and Harmony. His expertise includes mine development, metallurgy and operations.

This post appeared first on investingnews.com

Golconda Gold (TSXV:GG) is a growth-focused junior producer with operations in prolific gold districts in South Africa and the US. Positioned as one of the sector’s highest-torque opportunities, Golconda offers investors profitable production, exposure to both gold and silver, and a disciplined, capital-efficient path to meaningful growth.

Golconda Gold is anchored by two cornerstone assets: Galaxy, its cash-flowing South African gold mine, and Summit, a high-grade silver-gold project in New Mexico set for restart. Together, they provide self-funded growth, U.S. exposure, and strong leverage to rising gold prices.

Map and details of gold mines in South Africa and New Mexico near Golconda Gold

Galaxy, Golconda’s cornerstone asset, is a producing mine in South Africa’s prolific Barberton Greenstone Belt. The operation hosts 941,000 oz gold (M&I, 2.79 g/t) and 1.37 Moz inferred (2.62 g/t), supported by strong infrastructure and access to skilled mining services.

Company Highlights

  • Significant Production Growth: On track to triple production over three years at Galaxy while bringing Summit online in Q2 2026.
  • Summit Restart and Spin-out: Fully permitted past-producing mine in New Mexico, expected to restart in Q2 2026 and spin out as a standalone US-focused gold-silver producer in Q4 2026.
  • No Dilution Strategy: Growth funded through operating cash flow rather than equity raises, ensuring torque to gold without shareholder dilution.
  • Insider Alignment: Management and insiders control more than 40 percent of shares, aligning leadership directly with shareholder interests.
  • Jurisdictional Strengths: Operations in South Africa’s Barberton Greenstone Belt (long history of gold mining, strong infrastructure) and in the US southwest.
  • Exploration Upside: Both Galaxy and Summit hold substantial untested upside with additional ore bodies and underexplored zones.

This Goldconda Gold profile is part of a paid investor education campaign.*

Click here to connect with Goldconda Gold (TSXV:GG) to receive an Investor Presentation

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Copper Quest Exploration (CSE:CQX, OTCQB:IMIMF, FRA:3MX) is focused on creating shareholder value through the exploration and development of its North American critical mineral portfolio, with more than 40,000 hectares across tier-one jurisdictions in Canada and the US.

In British Columbia, the company’s assets include the Stars copper-molybdenum discovery in the Bulkley Porphyry Belt, the Stellar property with historic showings and new anomalies, an earn-in on the Rip project, a large porphyry copper-molybdenum system, and the Thane Project in the Toodoggone Belt, prospective for copper-gold-molybdenum.

Map of British Columbia, Canada with Copper Quest Exploration projects

The Stars project is a 9,694-hectare, road-accessible copper-molybdenum property in the prolific Bulkley Porphyry Belt, home to past producers such as Imperial Metals’ Huckleberry mine and Newmont’s Equity Silver Mine. Stars is defined by a 5 × 2.5 km annular magnetic anomaly coincident with a mineralized monzonite intrusion. Drilling in 2018 confirmed a significant porphyry system at the Tana Zone, highlighted by intercepts of 0.466 percent copper over 195.1 meters from 23 meters, including 40 meters averaging nearly 1 percent copper, and 0.20 percent copper over 396.7 meters from 28 meters. All holes to date have returned copper levels well above background, with alteration, intrusive textures, and veining typical of productive porphyry systems.

Company Highlights

  • Large, Tier-one Land Position: More than 40,000 hectares across British Columbia’s Bulkley and Toodoggone Porphyry Belts, plus a newly acquired copper-gold porphyry project in Idaho, USA.
  • Flagship Discovery at Stars: Drill intercepts of 0.466 percent copper over 195.1 m confirm a fertile porphyry copper-molybdenum system with over 30 km of untested intrusive contacts.
  • Multiple Copper Systems: Canadian portfolio includes Stars, Stellar, Rip (earn-in up to 80 percent) and Thane, each offering district-scale potential in proven belts.
  • Idaho Acquisition: The Nekash copper-gold porphyry project in Lemhi County, Idaho, is a milestone acquisition aligned with its strategy to build a portfolio of highly prospective copper assets across North America.

This Copper Quest Exploration profile is part of a paid investor education campaign.*

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Falco Resources Ltd. (TSX-V: FPC) (‘ Falco ‘ or the ‘ Corporation ‘) is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation to act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the ‘ Underwriters ‘), in connection with a bought deal private placement of 31,250,000 units (the ‘ Units ‘) at a price of $0.32 per Unit for aggregate gross proceeds of $10,000,000 (the ‘ Offering ‘).

Each Unit will consist of one common share of the Corporation (each, a ‘ Common Share ‘) and one half of one Common Share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each whole Warrant shall entitle the holder to purchase one Common Share at a price of $0.46 at any time on or before that date which is 18 months after the Closing Date (as defined below).

In addition, the Corporation will grant the Underwriters an option (the ‘ Option ‘) to increase the size of the Offering by up to an additional 4,687,500 Units on the same terms and conditions as the Offering for additional gross proceeds of $1,500,000, by giving written notice of the exercise of the Option, or a part thereof, to the Corporation at any time up to 48 hours prior to Closing Date.

The Corporation intends to use the net proceeds from the sale of Units for the advancement of the Horne 5 Project in Québec as well as for working capital and general corporate purposes.

The Offering is anticipated to close on or about October 17, 2025 (the ‘ Closing Date ‘), or such other date as the Corporation and the Underwriters may agree, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The Units are being offered by way of private placement in all of the provinces of Canada to investors who qualify as ‘accredited investors’ under Canadian securities legislation or who are otherwise exempt from prospectus delivery requirements. The Offering may also be offered in the United States to ‘accredited investors’ (as defined in Rule 501(a) of Regulation D) pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada in accordance with applicable law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

The Common Shares issuable from the sale of the Units to ‘accredited investors’ in Canada or otherwise on a prospectus exempt basis will be subject to a hold period of four months plus one day from the date of issuance of the Units.

About Falco Resources

Falco is one of the largest mineral claim holders in the province of Quebec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the camp as a whole and includes 13 former gold and base metal mining sites. Falco’s main asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder, with a 16% interest in the Corporation.

For more information, please contact:
Luc Lessard
President and Chief Executive Officer, Falco Resources Ltd.
514-261-3336
info@falcores.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 Statement on Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (together, ‘forward looking statements’) within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by words such as ‘plans’, ‘expects’, ‘seeks’, ‘may’, ‘should’, ‘could’, ‘will’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. These statements are made as of the date of this news release. Forward-looking statements in this press release include, without limitation, the terms and conditions of the Offering, the use of proceeds of the Offering and the date of closing of the Offering. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although the Corporation believes the forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Consequently, the Corporation cautions investors that any forward-looking statements by the Corporation are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements.

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