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Swedish climate and human rights activist Greta Thunberg departed Israel on a flight to France on Tuesday after being detained by Israeli forces alongside other activists aboard an aid ship bound for Gaza.

“Greta Thunberg just departed Israel on a flight to Sweden (via France),” Israel’s foreign ministry wrote in a post on X alongside two photos of the young activist aboard a plane.

Thunberg, 22, is a well-known climate activist who has long eschewed air travel, famously sailing to a climate conference in New York in 2019.

At least five of her fellow crew members who were also detained on board the Madleen aid ship Monday have refused to agree to depart voluntarily and will be deported, according to France’s Foreign Minister on Tuesday.

“Last night our consul was able to see the six French nationals who were arrested by the Israeli authorities. Their families have been contacted. One of them agreed to a voluntary departure and is expected to return today. The other five will be deported,” Jean-Noël Barrot wrote in a post on X.

One of the French nationals detained by Israel on Monday is Rima Hassan, a Member of the European Parliament.

“Over the last days and hours, the President of the European Parliament has been in constant contact with the Israeli authorities… to ensure the safety and security of the Member of the European Parliament, Rima Hassan, who was one of the people aboard the boat Madleen and all those accompanying her,” Delphine Colard, a spokesperson for the European Parliament said on Monday.

Israel’s foreign ministry had said earlier that anyone who refused to sign deportation documents and leave Israel would be brought before judicial authorities to authorize their deportation.

The detained crew of the Gaza-bound aid ship that was intercepted by Israel on Monday morning docked in the Israeli port of Ashdod Monday evening, according to Israel’s foreign ministry.

The Madleen is part of the Freedom Flotilla Coalition, an organization that has campaigned against Israel’s blockade of Gaza and tried to break the siege by boat.

The Freedom Flotilla Coalition (FFC) said the Israeli military had “attacked” and “unlawfully boarded” the Madleen, which was attempting to deliver aid to Gaza – where more than 600 days of war, and an 11-week Israeli blockade of all aid, has pushed the enclave’s 2.1 million people deeper into a hunger crisis.

Amnesty International also condemned the detention of the activists.

“The operation of intercepting and blocking the Madleen in the middle of the night and in international waters violates international law and put the safety of those on the boat at risk,” Agnès Callamard, Amnesty International’s secretary general, said in a statement.

Israel had repeatedly vowed to stop the aid boat from reaching Gaza and described the ship as a “selfie yacht” carrying “celebrities.”

Israel imposed a full humanitarian blockade of Gaza on March 2, cutting off food, medical supplies, and other aid to the more than 2 million Palestinians who live in the territory for 11 weeks.

Faced with growing international pressure, Israel began allowing a trickle of aid in late May. But humanitarian organizations say it is only a fraction of the aid that entered the enclave before the war, and have warned of a worsening humanitarian crisis and the growing risk of widespread famine. A UN-backed report warned in late April that one in five people were facing starvation.

Dozens of Palestinians have been killed over the past week while on their way to try and obtain aid from a new US-backed group commissioned to deliver aid to Gaza, the Gaza Humanitarian Foundation (GHF). The group is intended to replace the UN-led system of distributing aid in Gaza. The United Nations has warned that the new distribution mechanism has become a “death trap” for desperate people seeking food in the strip.

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Frederick Forsyth, the British author of “The Day of the Jackal” and other bestselling thrillers, has died after a brief illness, his literary agent said Monday. He was 86.

Jonathan Lloyd, his agent, said Forsyth died at home early Monday surrounded by his family.

“We mourn the passing of one of the world’s greatest thriller writers,” Lloyd said.

Born in Kent, in southern England, in 1938, Forsyth served as a Royal Air Force pilot before becoming a foreign correspondent. He covered the attempted assassination of French President Charles de Gaulle in 1962, which provided inspiration for “The Day of the Jackal,” his bestselling political thriller about a professional assassin.

Published in 1971, the book propelled him into global fame. It was made into a film in 1973 starring Edward Fox as the Jackal and more recently a television series starring Eddie Redmayne and Lashana Lynch.

In 2015, Forsyth told the BBC that he had also worked for the British intelligence agency MI6 for many years, starting from when he covered a civil war in Nigeria in the 1960s.

Although Forsyth said he did other jobs for the agency, he said he was not paid for his services and “it was hard to say no” to officials seeking information.

“The zeitgeist was different,” he told the BBC. “The Cold War was very much on.”

He wrote more than 25 books including “The Afghan,” “The Kill List,” “The Dogs of War” and “The Fist of God” that have sold over 75 million copies, Lloyd said.

His publisher, Bill Scott-Kerr, said that “Revenge of Odessa,” a sequel to the 1974 book “The Odessa File” that Forsyth worked on with fellow thriller author Tony Kent, will be published in August.

“Still read by millions across the world, Freddie’s thrillers define the genre and are still the benchmark to which contemporary writers aspire,” Scott-Kerr said.

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French 7’3” NBA star Victor Wembanyama may have just unlocked a new position: Shaolin monk.

Wembanyama, who ended last season early due to a rare blood clot in his right shoulder appeared to be looking for some off-season spiritual peace and strength at a Shaolin Temple in central China.

A widely circulated image showed the San Antonio Spurs center with a freshly shaven head, sitting pensively in front of small Budda statues inside a room typically used by abbots to receive guests.

Chinese state media reports confirmed on Monday that he was indeed at the temple.

NBA said on its official Weibo page on Monday that “according to reports” Wembanyama has shaved his head and begun a 10-day retreat in the Shaolin Temple.

In a separate video on Douyin, China’s version of TikTok, a bystander spotted the towering basketball player at the temple.

The 1,500-year-old monastery, nestled deep in the forested mountains of central China’s Henan province, is known for Zen Buddhism and the Chinese martial art of kung fu.

Retreats at the temple focus on discipline, meditation and inner harmony and aim to help disconnect from real-world distractions.

The 21-year-old Wembanyama – a 2024-25 NBA All-star and 2023-24 Rookie of the Year, just went through a tough season.

He had been out since February following a rare deep vein thrombosis diagnosis and several weeks later the Spurs were officially eliminated from playoffs.

Wembanyama seemingly wanted to stay low-key on his journey at the monastery.

But a state-owned outlet of Henan province, where the temple is located, reportedly learned from people at the temple that “Wembanyama is indeed currently in the Shaolin Temple, but the relevant matters are not convenient to be disclosed to the public”.

Right before the spiritual tour, the French basketballer spent a couple of fun days in Beijing. Locals spotted him shopping, playing basketball, walking in a park, and even visiting the Greal Wall, as shown in their social media footage.

The San Antonio Spurs on Friday shared a video on Instagram of Wembanyama as he visited the Great Wall of China in Beijing.

“It’s Victor Wembanyama. Life in China on the Great Wall itself, having an amazing time. It’s crazy,” he said.

The Shaolin temple often attracts well known figures. Prominent US YouTuber IShowSpeed visited to the same temple back in March, training with a kung fu master and generating millions of views on his social media accounts.

This post appeared first on cnn.com

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) is pleased to announce that it has closed its non-brokered private placement (the ‘ Private Placement ‘), previously announced on May 26, 2025 and June 4, 2025 consisting in the issuance of: (i) 11,206,088 common shares of the Company issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a ‘ FT Share ‘) at a price of $0.11 per FT Share, and (ii) 4,400,000 non-flow-through units of the Company (each, a ‘ NFT Unit ‘) at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of $1,672,670 .

Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.)

Each NFT Unit was comprised of one non-flow-through common share of the Company (each, a ‘ NFT Share ‘) and one non-flow-through common share purchase warrant (a ‘ Warrant ‘). Each Warrant is exercisable by the holder thereof to acquire one NFT Share at an exercise price of $0.20 per NFT Share until June 9, 2027 , subject to acceleration as described in the Company’s press release dated June 4, 2025 .

The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the amended and restated offering document in respect of the Private Placement filed on www.sedarplus.ca under the Company’s profile. The Company will use the gross proceeds from the issuance of FT Shares to incur ‘Canadian exploration expenses’ that qualify as ‘flow-through critical mineral mining expenditures’, as such terms are defined in the Income Tax Act ( Canada ).

The Private Placement was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption . The securities issued to purchasers in the Private Placement are not subject to a hold period under applicable Canadian securities laws. The securities issued to certain insiders of the Company that participated in the Private Placement are subject to a hold period expiring on October 10, 2025 in accordance with the policies of the TSX Venture Exchange (the ‘ TSXV ‘). The Private Placement is subject to the final approval of the TSXV.

The Company paid aggregate cash finder’s fees of $89,196 and granted 829,145 non-transferable finder warrants (each, a ‘ Finder Warrant ‘) to arm’s length finders of the Company, as compensation for locating purchasers in the Private Placement. Each Finder Warrant entitles the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of $0.20 per share until June 9, 2027 . The Finder Warrants and the common shares issued on exercise thereof are subject to a hold period expiring on October 10, 2025 in accordance with applicable securities laws.

Gordon Steblin , the Chief Financial Officer of the Company, participated in the Private Placement by subscribing for 200,000 FT Shares, which constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). There has not been a material change in the percentage of the outstanding securities of the Company that are owned by Mr. Steblin as a result of his participation in the Private Placement. The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the insider in the Private Placement in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed 25% of the Company’s market capitalization as determined in accordance with MI 61-101. The Company obtained approval by the board of directors of the Company to the Private Placement. No materially contrary view or abstention was expressed or made by any director of the Company in relation thereto. The Company did not file a material change report less than 21 days before the expected closing date of the Private Placement as the insider participation was not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.

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 United States 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.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown ,
Executive Chairman of the Board & Director

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

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the final approval for the Private Placement from the TSXV and the planned use of proceeds for the Private Placement. Although Finlay 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 or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain regulatory approval for the Private Placement, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. 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,   and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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News Provided by Canada Newswire via QuoteMedia

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China said that by the end of this year all tertiary level hospitals must offer epidural anesthesia during childbirth, a move it said would help promote a “friendly childbearing environment” for women.

Tertiary hospitals – those with more than 500 beds – must provide epidural anesthesia services by 2025 while secondary hospitals – those containing more than 100 beds – must provide the services by 2027, China’s National Health Commission (NHC) said in a statement last week.

Authorities are struggling to boost birth rates in the world’s second largest economy after China’s population fell for a third consecutive year in 2024 with experts warning the downturn will worsen in the coming years.

Around 30% of pregnant women in China receive anesthesia to relieve pain during childbirth, compared with more than 70% in some developed countries, the official China Daily said.

The World Health Organization recommends epidurals for healthy pregnant women requesting pain relief and it is widely utilized in many countries around the world, including France, where around 82% of pregnant women opt to have one, and in the United States and Canada where more than 67% do.

The move will “improve the comfort level and security of medical services” and “further enhance people’s sense of happiness and promote a friendly childbearing environment,” the NHC said.

A growing number of provinces across China are also beginning to include childbirth anesthesia costs as part of their medical insurance schemes to encourage more women to have children.

High childcare costs as well as job uncertainty and a slowing economy have discouraged many young Chinese from getting married and starting a family.

In June, health authorities in China’s southwestern Sichuan province proposed to extend marriage leave up to 25 days and maternity leave up to 150 days, to help create a “fertility-friendly society.”

This post appeared first on cnn.com

Canada will meet NATO’s military spending guideline by early next year and diversify defense spending away from the United States, Prime Minister Mark Carney said Monday, asserting that Washington no longer plays a predominant role on the world stage.

The announcement means Canada will achieve NATO’s spending target of 2% of gross domestic product five years earlier than previously planned.

“Our military infrastructure and equipment have aged, hindering our military preparedness,” Carney said. “Only one of our four submarines is seaworthy. Less than half of our maritime fleet and land vehicles are operational. More broadly, we are too reliant on the United States.”

According to NATO figures, Canada was estimated to be spending 1.45% of GDP on its military budget, below the 2% target that NATO countries have set for themselves. Canada previously said it was on track to meet NATO’s target by the end of the decade.

“Our goal is to protect Canadians, not to satisfy NATO accountants,” Carney said in a speech at the University of Toronto.

Canada is about to host US President Donald Trump and other leaders at a summit of the Group of Seven leading industrialized nations in Alberta on June 15-17, and before the NATO summit in Europe. NATO allies are poised to increase the commitment well beyond the 2% target.

NATO Secretary-General Mark Rutte said last week that most US allies at NATO endorse Trump’s demand that they invest 5% of gross domestic product on their defense needs and are ready to ramp up security spending even more.

“We are meeting 2%. And that is the NATO target as it is today,” Carney said at a later news conference. “We will need to spend more.” He said there will be discussions on the increased spending amount and its timeline at the NATO summit.

Carney has said he intends to diversify Canada’s procurement and enhance the country’s relationship with the EU.

“We should no longer send three-quarters of our defense capital spending to America,” Carney said in a speech at the University of Toronto. “We will invest in new submarines, aircraft, ships, armed vehicles and artillery, as well as new radar, drones and sensors to monitor the seafloor and the Arctic.”

Canada has been in discussions with the European Union to join an EU drive to break its security dependency on the United States, with a focus on buying more defense equipment, including fighter jets, in Europe. Carney’s government is reviewing the purchase of U.S. F-35 fighter jets to see if there are other options.

“We stood shoulder to shoulder with the Americans throughout the Cold War and in the decades that followed, as the United States played a predominant role on the world stage. Today, that predominance is a thing of the past,” Carney said in French, one of Canada’s official languages.

He added that with the fall of the Berlin Wall in 1989, the United States became the global hegemon, noting that its strong gravitational pull became virtually irresistible and made the US “our closest ally and dominant trading partner.”

“Now the United States is beginning to monetize its hegemony: charging for access to its markets and reducing its relative contributions to our collective security,” Carney said.

Trump’s calls to make Canada the 51st US state have infuriated Canadians, and Carney won the job of prime minister after promising to confront the increased aggression shown by Trump.

The prime minister said “a new imperialism threatens.”

Carney said the long-held view that Canada’s geographic location will protect Canadians is increasingly archaic. The government is adding $9 billion Canadian (US$6.6 billion) in spending this year and Carney said the Canadian Coast Guard will be now be a part of the military.

European allies and Canada have already been investing heavily in their armed forces, as well as on weapons and ammunition, since Russia launched a full-scale invasion of Ukraine on Feb. 24, 2022.

This post appeared first on cnn.com

Russia launched a drone attack on Kyiv overnight into Tuesday, with air raid sirens blaring for hours and residents hearing regular explosions, and local officials reporting damage to residential buildings and at least two people wounded.

A large number of unmanned aerial vehicles are still reaching the capital, said Kyiv mayor Vitaliy Klitschko in a post on Telegram. At least two people have been wounded so far in the capital, Klitschko added.

Preliminary damage was reported in the Desnianskyi, Obolonskyi and Shevchenkivskyi districts, according to Tymur Tkachenko, head of the Kyiv city military administration.

In the southern port city of Odesa, Russian attacks struck a maternity ward, according to Andriy Yermak, Chief of Presidential Staff. A residential building was also hit, according to Odesa mayor Hennadiy Trukhanov, adding at least one person was killed based on preliminary reports.

The overnight attacks follow Russia’s biggest drone strike on Ukraine on Monday, where Russia fired 479 UAVs at Ukraine in an overnight aerial assault, surpassing the highest number of drones Moscow has launched in a single day for the second consecutive weekend.

This is a developing story and will be updated.

This post appeared first on cnn.com

When Sana Yousaf turned 17, she posted a video of her birthday celebrations to more than a million followers on TikTok.

They saw her cutting a pink and cream cake beneath a matching balloon arch, the June breeze ruffling her long hair as she beamed against the backdrop of the cloud-covered Margalla Hills in Pakistan’s capital, Islamabad.

Less than 24 hours later, Sana was dead, a bullet through her chest and graphic images of her dead body going viral on Pakistani social media, outraging women across the country, who fear there are no safe spaces for them anymore – in reality, or online.

As Sana’s family prepared for her funeral, disturbing comments started popping up on her TikTok and Instagram posts, most in Urdu, celebrating her killing. “Happy to see these things happening,” read one. Another stated, “My heart is happy today, I’m going to turn on music and dance with joy.”

Under a picture of Sana wearing traditional Pakistani clothes covering her entire body, a comment said, “encouraging young women to seek attention or expose themselves can have serious negative consequences.”

The Digital Rights Foundation (DRF), a women-led nonprofit that promotes online safety, said such rhetoric “dangerously links a woman’s online presence or perceived morality to justifications for violence.”

“This form of digital vigilantism contributes to a broader culture of victim-blaming, where abuse is normalized and accountability is shifted away from the perpetrator,” the DRF said in a report released soon after Sana’s death.

Alongside toxic online comments, rage has simmered among women across Pakistan, who are demanding justice for Sana, pointing to a crisis of masculinity in the South Asian nation.

And Pakistan is far from alone in seeing heated debates over the prevalence of violence against women.

Recent multiple murders in Latin America, including a Mexican influencer who was shot dead while livestreaming, has sparked indignation and highlighted the high rates of femicide across the continent.

British miniseries“Adolescence” became a global hit this year with its raw depiction of the damage caused by online misogyny while a recent largescale Australia study found one in three men saying they have committed intimate partner violence at some point in their lives.

The last image Sana uploaded on her socials, celebrating her 17th birthday.
Sana posted regularly on her social media accounts where her content would be familiar to any teenager online.

Few safe spaces online

Sana’s TikTok content would be familiar to any teenager online. Her recent shorts included showing off her fashionwear, singing songs while driving, and filming a blowdry at the salon.

But for prominent women’s rights campaigners, Sana’s death was the ultimate outcome of unrestricted online abuse of women in a patriarchal country.

Amber Rahim Shamsi, a prominent journalist and Pakistan editor of a news digital platform, Nukta, says she was relentlessly harassed online in 2020 for a variety of issues, including her views on women’s rights.

Shamsi agrees that there is a crisis in masculinity, “especially in how it plays out in our digital spaces.” And that it needs to be talked about “not just for women’s sake, but for men’s, too.”

According to Shamsi, “social media has amplified women’s voices – especially those of young women – who are increasingly educated, politically aware, and unafraid to own their choices. That visibility, that confidence, is unsettling for some men who have grown up believing their authority, their control, is a given.”

“It’s an identity crisis,” says Shamsi. “A subset of men is reacting with anxiety and aggression to this shift in gender dynamic as though the solution is to shrink women’s spaces, rather than question why so many boys are being raised to feel threatened by equality.”

The DRF’s report stated that since 2017 its helpline “has documented over 20,000 cases of technology-facilitated gender-based violence and online threats, numbers that have only grown.”

Kanwal Ahmed, a Pakistani social entrepreneur and storyteller, runs Soul Sister Pakistan, a Facebook group created in 2013 with over 300,000 followers. For years, it’s operated as a popular safe digital space for Pakistani women online, but Ahmed says the criticism of her page has been unrelenting.

“We have been called a man-hating, trauma-bonding club where all women do is gossip,” said Ahmed, who works with volunteers to help women in need who post on the page.

Sana is not alone when it comes to unwanted online attention that’s moved to real life. Ahmed recalled a case in 2019 of a young woman who had been stalked by a man after her friend leaked her number online.

“The only difference between her and Sana is that she wasn’t killed, the stalker turned up at her door,” said Ahmed. “You don’t have to be an influencer to face this, it can happen to anyone.”

There’s a perception in Pakistan that “violence that takes place online is not ‘real’ and is therefore less harmful,” Tariq said. But she added that what are sometimes seen as “merely virtual” online threats can often turn to physical violence.

Putting the focus on men

Much praise has been heaped on Pakistani authorities for their sensitive and swift handling of Sana’s murder, but some commentators say that’s missing the point.

Usama Khilji, the director of Bolo Bhi, a digital rights advocacy group Bolo Bhi, says Pakistan should be talking about educating boys about online harassment.

“Men in leadership positions need to be talking about these issues,” according to Khilji.

Khilji said hate speech against women in Pakistan is still “not a priority, and he’s called on the government to “show leadership in combatting online crimes against women.”

Sana’s murder comes less than two weeks after a landmark ruling by the country’s Supreme Court upheld the death penalty for Zahir Jaffer, who murdered Noor Mukkadam, the daughter of a distinguished diplomat, in 2021.

The brutal beheading horrified the country and renewed calls for better protection for victims of gender-based violence.

Noor’s father, Shaukat Mukadam, has been lauded for his relentless campaign for justice for his daughter. After the ruling, Noor’s family issued a statement saying the verdict was a “powerful reminder that women’s lives matter.”

“Every moment with her was unforgettable,” he said.

This post appeared first on cnn.com

Results such as 12.7g/t AuEq over 3.3m confirm multiple parallel zones and show
Golden Eye is emerging as a significant new plank of the production hub strategy

HIGHLIGHTS:

  • Latest results from Golden Eye confirm multiple parallel zones with significant mineralisation; Results include:
    • 4.3m @ 9.8g/t AuEq (7.5g/t Au, 1.6% Cu & 23.9g/t Ag) (LDR-25-10)
    • 3.3m @ 12.7g/t AuEq (8.4g/t Au, 3.1% Cu & 30.2g/t Ag) (LDR-25-09)
      • Including 1.9m @ 21.1g/t AuEq (14.2g/t Au, 4.9% Cu & 47.5g/t Ag)
    • 2.5m @ 7.3g/t AuEq (5.9g/t Au, 0.9% Cu & 14.9g/t Ag) (LDR-25-10)
    • 3.3m @ 3.8g/t AuEq (3.2g/t Au, 0.4% Cu & 3.5g/t Ag) (LDR-25-09)
  • Cygnus intends to use the new results and the compiled historic drill data, totalling 77 holes for 21,371m, to complete an initial Mineral Resource for Golden Eye
  • Significant intersections from historic drilling 2 include:
    • 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) (RD-11)
    • 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) (RD-28)
    • 8.4m @ 12.7g/t AuEq (11.0g/t Au, 1.3% Cu & 15.8g/t Ag) (RD-20)
    • 7.5m @ 22.1g/t AuEq (16.0g/t Au & 4.7% Cu) (S1-87-1)
    • 10.4m @ 12.2 g/t AuEq (7.3g/t Au, 3.5% Cu & 31.8g/t Ag) (S3-86-4)
  • Golden Eye has never been mined and was last drilled in the early 1990s when gold was less than US$350/oz.   The entire drilling target sits outside the current Mineral Resource 1
  • Importantly Golden Eye remains open at depth with 2.9m @ 10.2g/t AuEq in deepest hole from recent campaign 3
  • The Golden Eye prospect sits 3km from Cygnus’ central processing plant and has existing dual ramp access within 150m of the mineralisation
  • Gold was a significant part of the historic production within the Chibougamau District, with over 3.5Moz of gold produced alongside 945,000t of copper. 4
Cygnus Executive Chairman David Southam said : ‘These latest high-grade results set us up to commence the initial Resource at Golden Eye. With its location just 3km from the processing plant, Golden Eye stands to add significant value to the economics of the project. Chibougamau is a pure copper-gold project with silver credits and is perfectly placed to drive value in this market. We are excited to be working on resource upgrades and additional study work which will demonstrate the quality of the asset we have in a mining- friendly jurisdiction with key infrastructure already in place.’

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (‘Cygnus’ or the ‘Company’) is pleased to announce further high-grade assays from the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec.

Recent results from two diamond holes have revealed the presence of multiple parallel mineralised zones with gold-copper-silver mineralisation. The results from the latest assays include:

  • 3.3m @ 3.8g/t AuEq from 174.2m (3.2g/t Au, 0.4% Cu & 3.5g/t Ag) (LDR-25-09) ;
  • 3.3m @ 12.7g/t AuEq from 209.6m (8.4g/t Au, 3.1% Cu & 30.2g/t Ag) (LDR-25-09) ;
    • Including 1.9m @ 21.1g/t AuEq (14.2g/t Au, 4.9% Cu & 47.5g/t Ag);
  • 2.5m @ 7.3g/t AuEq from 226.5m (5.9g/t Au, 0.9% Cu & 14.9g/t Ag) (LDR-25-09) ;
  • 2.7m @ 3.5g/t AuEq from 147.7m (1.5g/t Au, 1.3% Cu & 23.0g/t Ag) (LDR-25-10) ; and
  • 4.3m @ 9.8g/t AuEq from 157.8m (7.5g/t Au, 1.6% Cu & 23.9g/t Ag) (LDR-25-10) ;
    • Including 2.0m @ 18.8g/t AuEq (14.6g/t Au, 2.8% Cu & 43.5g/t Ag).

These results are in addition to previously released results 2,3 from Golden Eye:

  • 3.3m @ 6.6g/t Au from 131.7m (LDR-25-05) ;
    • Including 2.3m @ 9.1g/t Au;
  • 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu & 5.6g/t Ag) from 405.6m (LDR-25-08) ; and
    • Including 3.1m @ 9.6g/t AuEq (7.4 g/t Au, 1.6% Cu & 10.0g/t Ag);
  • 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu & 3.3g/t Ag) from 463.8m (LDR-25-08) ;
    • Including 0.4m @ 60.8g/t AuEq (51.3g/t Au, 7.2% Cu & 18.0g/t Au).

With the drilling at Golden Eye completed and the majority of assays returned (assays are pending for one hole), the focus has shifted towards establishing an initial resource for Golden Eye. This will include the six holes for 1,954m completed this year as well as the compiled historic data which includes 77 holes for 21,371m. Significant historic drill intercepts 2 dating back to the 1990s returned:

  • 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) (RD-11);
  • 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) (RD-28);
  • 8.4m @ 12.7g/t AuEq (11.0g/t Au, 1.3% Cu & 15.8g/t Ag) (RD-20);
  • 7.5m @ 22.1g/t AuEq (16.0g/t Au & 4.7% Cu) (S1-87-1); and
  • 10.4m @ 12.2 g/t AuEq (7.3g/t Au, 3.5% Cu & 31.8g/t Ag) (S3-86-4).

Defining a new resource at Golden Eye, with its existing double ramp access as well as being located within 3km of the 100%-owned 900,000tpa central processing facility, is a significant head start down the development pathway of the project. With this infrastructure already in place alongside the near surface high-grade mineralisation with significant gold as well as copper and silver, there is significant scope to enhance future mining studies. Importantly, Golden Eye remains open at depth and has only been drilled to 400m below surface with deepest drilling from the current campaign returning 2.9m @ 10.2g/t AuEq from 463.8m in LDR-25-08. Exploration drilling is being planned at depth to extend mineralisation and further enhance the pending resource.

Cygnus will continue to focus on resource growth and build upon the current high-grade copper-gold resources through low-risk brownfield exploration across the camp. This work includes ongoing compilation of historic data, with Golden Eye an excellent example of the value generated through this work which is helping to unlock this historic district.

Figure 1. Long Section Golden Eye

Figure 1: Composite Long Section of Golden Eye over 600m of strike with significant gold grade of up to 34.1g/t AuEq over 5.9m. Mineralisation is still open at depth with 2.9m @ 10.2g/t AuEq intersected in LDR-25-08. Refer to Appendix A of this release for newly released drill intercepts and TSXV/ASX releases dated 15 October 2024, 24/25 March 2025 and 7/8 May 2025 for previously announced drilling results.

Figure 2. Composite Long Section Chibougamau North Camp

Figure 2: Composite Long Section through the Chibougamau North Camp illustrating Golden Eye with intersections of up to 5.9m @ 34.1g/t AuEq. Refer to TSXV/ASX releases dated 15 October 2024, 24/25 March 2025 and 7/8 May 2025 for previously announced drilling results.

Ongoing Work

Cygnus is continuing to compile the data across the camp and deliver additional drill targets as the Company looks to execute its strategy of value creation through resource growth and conversion drilling. This low-cost, low-risk approach includes both surface and downhole electromagnetics (‘EM’) to generate brownfield targets around known high quality mineralisation.

This announcement has been authorised for release by the Board of Directors of Cygnus.

David Southam
Executive Chair
T: +61 8 6118 1627
E: info@cygnusmetals.com
Ernest Mast
President & Managing Director
T: +1 647 921 0501
E: info@cygnusmetals.com
Media:
Paul Armstrong
Read Corporate
T: +61 8 9388 1474


About Cygnus Metals

Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

Forward   Looking Statements

This release may contain certain forward-looking statements and projections regarding estimates, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond Cygnus’ control. Cygnus makes no representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projections based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this release has been prepared in good faith, neither Cygnus or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this release. Accordingly, to the maximum extent permitted by law, none of Cygnus, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this release or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this release.

End Notes

  1. The Mineral Resource estimate at the Chibougamau Project is a foreign estimate prepared in accordance with CIM Standards. A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with the JORC Code, and it is uncertain whether further evaluation and exploration will result in an estimate reportable under the JORC Code. Refer to Appendix B for a breakdown of the Foreign Mineral Resource Estimate.
  2. Refer to Cygnus’ TSXV/ASX announcements dated 15 October 2024 and 24/25 March 2025.
  3. Refer to Cygnus’ TSXV/ASX announcement dated 7/8 May 2025.
  4. Historic production statistics for the Chibougamau area are recorded in Leclerc. F, Harris. L. B, Bedard. J. H, Van Breeman. O and Goulet. N. 2012, Structural and Stratigraphic Controls on Magmatic, Volcanogenic, and Shear Zone-Hosted Mineralization in the Chapais-Chibougamau Mining Camp, Northeastern Abitibi, Canada. Society of Economic Geologists, Inc. Economic Geology, v. 107, pp. 963–989.

Qualified Persons and Compliance Statements

The scientific and technical information in this announcement has been reviewed and approved by Mr Louis Beaupre, the Quebec Exploration Manager of Cygnus, a ‘qualified person’ as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Exploration Results disclosed in this announcement are also based on and fairly represent information and supporting documentation compiled by Mr Beaupre. Mr Beaupre holds options in Cygnus. Mr Beaupre is a member of the Ordre des ingenieurs du Quebec (P. Eng.), a Registered Overseas Professional Organisation as defined in the ASX Listing Rules, and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Beaupre consents to the inclusion in this release of the matters based on the information in the form and context in which they appear.

The Company first announced the foreign estimate of mineralisation for the Chibougamau Project on 15 October 2024. The Company confirms that the supporting information included in the original announcement continues to apply and has not materially changed, notwithstanding the clarification announcement released by Cygnus on 28 January 2025 (‘Clarification’). Cygnus confirms that (notwithstanding the Clarification) it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. Cygnus confirms that it is not in possession of any new information or data that materially impacts on the reliability of the estimates or Cygnus’ ability to verify the foreign estimates as mineral resources in accordance with the JORC Code. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

The information in this announcement that relates to previously reported Exploration Results at the Company’s projects has been previously released by Cygnus in ASX Announcements as noted in the text and End Notes. Cygnus is not aware of any new information or data that materially affects the information in these announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

Individual grades for the metals included in the metal equivalents calculation for the foreign estimate are in Appendix B of this release. Metal equivalents for the foreign estimate of mineralisation have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz, with copper equivalents calculated based on the formula CuEq (%) = Cu(%) + (Au (g/t) x 0.77258). Individual grades for the metals included in the metal equivalents calculation for the exploration results are in Appendix A of this release. Metal equivalents for exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz and silver price of US$25/oz. Copper equivalents are calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.77258)+(Ag(g/t) x 0.00822). Gold equivalents are calculated based on the formula AuEq(g/t) = Au(g/t) +(Cu(%) x 1.29436)+(Ag(g/t) x 0.01064). Metallurgical recovery factors have been applied to the metal equivalents calculations, with copper metallurgical recovery assumed at 95% and precious metal (gold and silver) metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility, and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025. It is the Company’s view that all elements in the metal equivalents calculations in respect of the foreign estimate and exploration results have a reasonable potential to be recovered and sold.

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.

APPENDIX A – Significant Intersections from Recent Drilling at Golden Eye

Coordinates given in UTM NAD83 (Zone 18). Intercept lengths may not add up due to rounding to the appropriate reporting precision. Significant intersections reported above 2g/t AuEq over widths of greater than 1m. True width estimated to be 80% of downhole thickness.

Hole ID X Y Z Azi Dip Depth From (m) To (m) Interval (m) Au (g/t) Cu (%) Ag (g/t) AuEq (g/t)
LDR-25-06 549560 5525483 375 215 -51 474 365.5 367.2 1.7 5.1 0.4 2.4 5.6
LDR-25-07 549453 5525313 375 215 -55 261 Pending Assays
LDR-25-09 549449 5525323 376 238 -54 252 174.2 177.5 3.3 3.2 0.4 3.5 3.8
& 209.6 212.9 3.3 8.4 3.1 30.2 12.7
Including 209.6 211.5 1.9 14.2 4.9 47.5 21.1
& 226.5 229.0 2.5 5.9 0.9 14.6 7.3
LDR-25-10 549493 5525230 376 220 -60 237 147.7 150.4 2.7 1.5 1.3 23.0 3.5
& 157.8 162.0 4.3 7.5 1.6 23.9 9.8
Including 157.8 159.8 2.0 14.6 2.8 43.5 18.8


APPENDIX B – Chibougamau Copper-Gold Project – Foreign Mineral Resource Estimate Disclosures as at 30 March 2022

Deposit Category Tonnes (k) Cu Grade (%) Au Grade (g/t) Cu Metal (kt) Au Metal (koz) CuEq Grade (%)
Corner Bay (2022) Indicated 2,700 2.7 0.3 71 22 2.9
Inferred 5,900 3.4 0.3 201 51 3.6
Devlin (2022) Measured 120 2.7 0.3 3 1 2.9
Indicated 660 2.1 0.2 14 4 2.3
Measured & Indicated 780 2.2 0.2 17 5 2.4
Inferred 480 1.8 0.2 9 3 2.0
Joe Mann (2022) Inferred 610 0.2 6.8 1 133 5.5
Cedar Bay (2018) Indicated 130 1.6 9.4 2 39 8.9
Inferred 230 2.1 8.3 5 61 8.5
Total Measured & Indicated 3,600 2.5 0.6 90 66 3.0
Inferred 7,200 3.0 1.1 216 248 3.8


APPENDIX C – 2012 JORC Table 1

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.
  • All Cygnus drilling reported is NQ size (47.8 mm diameter).
Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used.
  • NQ core was marked for splitting during logging and is sawn using a diamond core saw with a mounted jig to assure the core is cut lengthwise into equal halves.
  • Half of the cut core is placed in clean individual plastic bags with the appropriate sample tag.
  • In some instances where visible gold was observed – an additional quarter core sample is taken to verify the gold deportment across two samples.
  • The remaining half of the core is retained and incorporated into Cygnus’s secure, core library located on the property.
Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

  • Industry standard sampling practices were used with sample lengths ranging from 0.3 m to 1.0 m and respected geological contacts. Sample tags were placed at the beginning of each sample interval and the tag numbers were recorded in an MS Excel database.
  • Sampling practice is considered to be appropriate to the geology and style of mineralisation.
Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).
  • Diamond core was drilled using surface diamond rigs with industry recognised contractors Miikan Drilling. Miikan is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory.
  • Drilling was conducted using NQ core size.
  • Directional surveys have been taken at 50m intervals.
Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

  • Diamond core recovery was measured for each run and calculated as a percentage of the drilled interval.
  • Overall, the core recoveries are excellent in the Chibougamau area. As a result, no bias exists.
Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
  • All core was geologically and geotechnically logged. Lithology, veining, alteration and mineralisation are recorded in multiple tables of the drillhole database.
Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.
  • Geological logging of core is qualitative and descriptive in nature.
The total length and percentage of the relevant intersections logged.
  • 100% of the core has been logged.
Sub-sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

  • The NQ diameter the core was sawn in half following a sample cutting line determined by geologists during logging and submitted for analysis on nominal 1m intervals or defined by geological boundaries determined by the logging geologist.
  • Each core sample is assigned a tag with a unique identifying number. Sample lengths are typically one metre but can be depending on zone mineralogy and boundaries.
  • This sampling technique is industry standard and deemed appropriate.
  • Sample sizes are considered appropriate to grain size of the materials being sampled.
Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
  • Sample (NQ size half core) preparation and fire assay analysis were done at Bureau Veritas Commodities Canada Ltd (‘BV’) in Timmins, Ontario, and ICP-ES multi-elements analysis was done at BV in Vancouver, B.C.
  • Samples were weighed, dried, crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 µm.
  • Samples are fire assayed for gold (Au) (50 g) and multi-acid digestion ICP-ES finish, for 23 elements (including key elements Ag, Cu, Mo).
  • Samples with visible gold or likely to have gold grains are analysed with metallic screen fire assay.
  • Samples assaying >10.0 g/t Au are re-analysed with a gravimetric finish using a 50 g charge. Samples assaying >10% Cu are re-analysed with a sodium peroxide fusion with ICP-ES analysis using a 0.25 g charge.
For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
  • None used.
Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.
  • At Bureau Veritas, laboratory QC procedures involve the use of internal certified reference material as assay standards, along with blanks, duplicates and replicates.
Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel.
    The use of twinned holes.
    • No hole is twinned.
    Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
    • All logging data was completed, core marked up, logging and sampling data was entered directly into the database.
    • The logged data is stored on the site server directly.
    Discuss any adjustment to assay data.
    • There was no adjustment to the assay data.
    Location of data points Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
    • The location of the drill holes and the aiming points for the orientation of the drill holes were indicated on the ground using identified stakes. The stakes marking the location of the drillholes were set up and located with a Garmin GPS model ‘GPSmap 62s’ (4m accuracy).
    • Surveys are collected using a Reflex EZ-Shot® single-shot electronic instrument with readings collected at intervals of approximately every 30 m downhole plus a reading at the bottom of the hole.
    Specification of the grid system used.
    • The grid system used is UTM NAD83 (Zone 18).
    Quality and adequacy of topographic control.
    • A Digital Terrane Model (DTM) has been used to accurately plot the vertical position of the holes, which is considered to provide an adequate level of topographic control.
    Data spacing and distribution Data spacing for reporting of Exploration Results.
    • The drill spacing for recent drilling is considered appropriate for this type of exploration.
    • Due to the historic nature and mix of underground and surface drilling the drill hole spacing for historic drill results is highly variable.
    Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.
    • No resource estimation is made.
    Whether sample compositing has been applied.
    • No sample compositing has been applied.
    Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
    • Recent drilling is orientated approximately at right angles to the currently interpreted strike of the known interpreted mineralisation.
    • Due to the historic nature of the drilling the drill hole orientation for historic drill results is highly variable.
    If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
    • No bias is considered to have been introduced by the existing sampling orientation.
    Sample security The measures taken to ensure sample security.
    • Core was placed in wooden core boxes close to the drill rig by the drilling contractor. The core was collected daily by the drilling contractor and delivered to the secure core logging facility. Access to the core logging facility is limited to Cygnus employees or designates.
    Audits or reviews The results of any audits or reviews of sampling techniques and data.
    • No audits or reviews of sampling techniques or data have been undertaken, therefore information on audits or reviews is not yet available.


    Section 2 Reporting of Exploration Results

    (Criteria listed in the preceding section also apply to this section.)

    Criteria JORC Code Explanation Commentary
    Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
    • The data reported within this announcement is from the Chibougamau Project. The Chibougamau project consists of 3 properties which include:
      • Copper Rand, 14,383 ha (15 mining concession and 311 exploration claims)
      • Corner Bay – Devlin (1 mining license, 141 exploration claims owned 100% by CBAY and 17 claims owned 56.4% by CBAY/43.6% Pan American Silver)
      • Joe Mann (2 mining concessions, 82 claims owned 100% by CBAY, and 68 claims and 1 mining concession owned 65% by CBAY/35% by SOQUEM)
    • CBAY Minerals Inc. (‘CBAY’), a wholly owned subsidiary of Cygnus, is the owner of all claims and leases, except where otherwise noted above.
    • The properties collectively making up the Project are in good standing based on the Ministry of Energy and Natural Resources (Ministère de l’Énergie et des Ressources Naturelles) GESTIM claim management system of the Government of Québec.
    The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.
    • All tenure is in good standing.
    Exploration done by other parties Acknowledgment and appraisal of exploration by other parties.
    • Corner Bay was first identified as a prospect in 1956
      • 1956 – 1972 eight drilling programs totalling 1,463 m and various geophysical and electromagnetic (EM) surveys
      • 1973 – 1981 Riocanex and Flanagan McAdam: ground geophysical surveys and 43 diamond drill holes
      • 1982 – 1984 Riocanex and Corner Bay Exploration: 38 drill holes and metallurgical test work
      • 1988 – 1991 Corner Bay Exploration: diamond drilling, geophysical surveys and geological characterisation with initial MRE
      • 1992 – 1994 SOQUEM optioned and acquired a 30% interest, and completed diamond drilling
      • 1994 Explorations Cache Inc and Resources MSV Inc: diamond drilling
      • 2004 – 2006 GéoNova and MSV: 98 diamond drill holes and first Technical Report on the Corner Bay project reporting a MRE
      • 2007 – 2009 Campbell: diamond drilling and bulk sample
      • 2012 – 2019 CBAY / AmAuCu: diamond drilling and MRE
    • Devlin identified in 1972 by airborne survey flown by the MERN
      • 1979 – 1981 diamond drilling, geophysical surveys
      • 1981 development commenced
    • Joe Mann identified in 1950 with the commencement of mining activities occurring in 1956
      • The Joe Mann mine operated underground during three different periods from 1956 to 2007
      • In July 2012, Resources Jessie acquired the Joe Mann mine property, but conducted only surface exploration work
    • Cedar Bay was discovered prior to 1927 by Chibougamau McKenzie Mines Ltd
      • From initial discovery to 2013 various surface and underground drilling campaigns and geophysical surveys undertaken by various companies
    • Colline was first discovered with mapping and sampling and then drilled in the 1950s with follow up drilling in 1955.
      • In the 1950s a shaft was sunk but the deposit was never mined
      • The deposit was later tested with three drill holes and six regional drill holes throughout two drilling campaigns in 1984 and 1986/87
      • Exploration at Colline has been halted historically with the discovery of and focus on other deposits in the region
    • Golden Eye (previously known as Dore Ramp) was drilled in a few different phases from 1984 to 1992.
      • A total of 47 drill holes from surface are reported during that period
      • A double ramp of approximately 1 kilometre was excavated in 1991-92 to a vertical depth of 160 meters
      • Underground drilling campaign of 46 holes totalling 10,200 meters tested the deposit mainly to a depth of 240 meters (only five holes tested the deposit between 300 and 600 meters)
    Geology Deposit type, geological setting and style of mineralisation.
    • Corner Bay and Devlin are located at the northeastern extremity of the Abitibi subprovince in the Superior province of the Canadian Shield and are examples of Chibougamau-type copper-gold deposits. The Abitibi subprovince is considered as one of the largest and best-preserved greenstone belts in the world and hosts numerous gold and base metal deposits.
    • The Corner Bay deposit is located on the southern flank of the Doré Lake Complex (DLC). It is hosted by a N 15° trending shear zone more or less continuous with a strong 75° to 85° dip towards the west. The host anorthosite rock is sheared and sericitized over widths of 2 m to 25 m. The deposit is cut by a diabase dyke and is limited to the north by a fault structure and to the south by the LaChib deformation zone.
    • The Corner Bay deposit consists of three main mineralized lodes (subparallel Main Lode 1 and Main Lode 2 above the dyke, and Main Lode below the dyke that make up the bulk of the deposit. The Corner Bay deposit has been traced over a strike length to over 1,100 m to a depth of 1,350 m and remains open at depth.
    • The mineralization is characterized by veins and/or lenses of massive to semi-massive sulphides associated with a brecciated to locally massive quartz-calcite material. The sulphide assemblage is composed of chalcopyrite, pyrite, and pyrrhotite with lesser amounts of molybdenite and sphalerite. Late remobilized quartz-chalcopyrite-pyrite veins occur in a wide halo around the main mineralization zones.
    • Devlin is a flat-lying, copper-rich lodes-hosted deposit in a polygenic igneous breccia that is less than 100 m from the surface. The tabular bodies have been modelled as four nearly horizontal lodes: a more continuous lower zone and three smaller lodes comprising the upper zone. Mineralization is reflected as a fracture zone often composed of two or more sulphide-quartz lodes and stringers. Thickness of the mineralized zones range from 0.5 m to 4.4 m. It has been diluted during modelling to reflect a minimum mining height of 1.8 m.
    • The Joe Mann deposit is characterized by east-west striking shear hosted lodes that extend beyond 1,000 m vertically with mineralization identified over a 3 km strike length. These shear zones form part of the Opawica-Guercheville deformation zone, a major deformation corridor cutting the mafic volcanic rocks of the Obatogamau Formation in the north part of the Caopatina Segment. The gabbro sill hosts the Main Zone and the West Zone at the mine, while the South Zone is found in the rhyolite. These three subvertical E-W (N275°/85°) ductile-brittle shear zones are sub-parallel to stratigraphy and to one another, with up to 140 m to 170 m of separation between them. These shear zones are hosted within a stratigraphic package composed of iron-magnesium (Fe-Mg) carbonate and sericite altered gabbro sills, sheared basalts, and intermediate to felsic tuffs intruded by various felsic intrusions. The Joe Mann gold mineralization is hosted by decimetre scale quartz-carbonate lodes (Dion and Guha 1988). The lodes are mineralized with pyrite, pyrrhotite, and chalcopyrite disposed in lens and lodelets parallel to schistosity, and occasionally visible gold. There are some other minor, mineralized structures, e.g., North and South-South Zones, with limited vertical and horizontal extensions.
    • The Cedar Bay deposit is hosted by a sheared and altered gabbroic-anorthosite of the DLC. The meta-anorthosites are typically comprised of 70% to 90% plagioclase, which has been heavily altered to epidote and albite. The Cedar Bay deposit generally has a northwest strike and dips steeply to the northeast. The gold-copper sulphide veins average approximately 1.5 m in width and are tens to hundreds of metres in strike length. The individual mineralization lenses have approximately 3:1 down dip to along strike anisotropies. The veins are comprised of pyrite and chalcopyrite with some gold and minor sphalerite. The main alteration minerals are chlorite, quartz, and carbonates. Locally, pyrrhotite dominates the vein mineral assemblage. Pyrrhotite has a very heterogeneous distribution within the mineralization.
    Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:
    • easting and northing of the drill hole collar
    • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar
    • dip and azimuth of the hole
    • down hole length and interception depth
    • hole length.

    If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

    • All requisite drill hole information is tabulated elsewhere in this release. Refer Appendix A of the body text.
    Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.
    • For recent results, drill hole intersections are reported above a lower cut-off grade of 2g/t AuEq over widths of greater than 1m.
    Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.
    • A maximum of 1m internal waste was allowed.
    The assumptions used for any reporting of metal equivalent values should be clearly stated.
    • Individual grades for the metals included in the metal equivalents calculation for the exploration results are in Appendices A and B of this release. Metal equivalents for exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz and silver price of US$25/oz. Copper equivalents are calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.77258)+(Ag(g/t) x 0.00822). Gold equivalents are calculated based on the formula AuEq(g/t) = Au(g/t) + (Cu(%) x 1.29436) + (Ag(g/t) x 0.01064). Metallurgical recovery factors have been applied to the metal equivalents calculations, with copper metallurgical recovery assumed at 95% and precious metal (gold and silver) metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility, and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025. It is the Company’s view that all elements in the metal equivalent calculations have a reasonable potential to be recovered and sold.
    Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results.

    If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

    If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).

    • All intersections reported in the body of this release are down hole.
    • For recent drill holes, holes are drilled as close to orthogonal to the plane of the mineralized lodes as possible.
    • True width is estimated to be about 80% of the downhole drill intersection
    Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include,but not be limited to a plan view of drill hole collar locations and appropriate sectional views.
    • Refer Figure 1 (Long Section of Golden Eye) and 2 (Long Section through the Chibougamau North Camp illustrating Golden Eye) in the body of the announcement.
    • Refer Figure 3 Plan view of recent drilling relative to historic drilling and the 1992 ramp access.
    Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.
    • Recent infill and expansion drilling at Golden Eye totals 6 holes for 1,954m, with assay results for five drill holes received to date. All results greater than 2g/t AuEq over greater than 1m width have been reported.
    Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.
    • There is no other substantive exploration data.
    Further work The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

    Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

    • The Company plans to conduct drill testing of additional mineralisation as well as step out drilling of existing lodes. More information is presented in the body of this report.
    • Diagrams in the main body of this release show areas of possible resource extension on existing lodes. The Company continues to identify and assess multiple other target areas within the property boundary for additional resources.

    Figure 3. DH Surface Location Map
    Figure 3: Plan view of recent drilling relative to historic drilling and the 1992 ramp access


    Figures accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/cd59b054-e8c6-4201-aa17-afd4f8489ad2  
      https://www.globenewswire.com/NewsRoom/AttachmentNg/66412094-2734-477e-8be2-240107062815  
      https://www.globenewswire.com/NewsRoom/AttachmentNg/a1aa507a-fb79-4e07-9df4-e02ebb375150

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