Brightstar Resources (BTR:AU) has announced Maiden Underground Ore Reserves Underpins FY26 Production
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Metals Australia (MLS:AU) has announced Drilling of N.T. Copper-Gold Targets Set to Begin
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Nevgold Corp. (‘ NevGold ‘ or the ‘ Company ‘) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce further significant oxide gold-antimony (‘Antimony’, ‘Sb’) drill results at its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The Company continues to expand the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.
Key Highlights
- Some of the highest oxide gold-antimony grades seen to date at Resurrection Ridge including:
- LB21-004: 9.68 g/t AuEq* over 11.6 meters (8.92 g/t Au and 0.17% Sb) , within 2.85 g/t AuEq* over 60.3 meters (2.27 g/t Au and 0.13% Sb)
- RR03_06: 1.55 g/t AuEq* over 19.8 meters (0.88 g/t Au and 0.15% Sb) within 1.24 g/t AuEq* over 65.5 meters (0.52 g/t Au and 0.16% Sb)
- LB020: 1.20 g/t AuEq* over 33.9 meters (0.35 g/t Au and 0.19% Sb) within 0.85 g/t AuEq* over 58.2 meters (0.25 g/t Au and 0.13% Sb)
- *Gold equivalents (‘AuEq’) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.
- Drillholes at Resurrection Ridge are drilled with spacing showing strong potential to advance the Project to an initial gold-antimony Mineral Resource Estimate in 2025 (‘MRE’) (see Figure 1, Figure 2)
- High-grade areas at the eastern part of the Resurrection Ridge target area will be tested as part of the 2025 drilling (Figure 1)
- Metallurgical testwork program continues to advance with results expected over the coming weeks
Limo Butte Planned 2025 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:
- Evaluate the historical geological database with focus on gold and antimony (in progress) ;
- Re-analyze historical drilling with focus on gold and antimony (in progress) ;
- Advance metallurgical testwork (in progress, results in coming weeks) ;
- Drill test gold-antimony targets (in planning phase, expected start in July) .
Figure 1 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results.
To view image please click here
Figure 2 – Limousine Butte Gold-Antimony Project cross-section with selected gold-antimony drillhole results. Thin colored discs show Antimony (Sb ppm) in drilling, and wide colored discs show Gold (Au ppm) in drilling.
To view image please click here
Figure 3 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results at Resurrection Ridge and Cadillac Valley. The total strike length between Resurrection Ridge and Cadillac Valley is +5km.
To view image please click here
NevGold CEO, Brandon Bonifacio, comments: ‘These recent results have some of the highest oxide gold-antimony grades that we have seen to date at Limo Butte. Resurrection Ridge is starting to build the drill-hole spacing and volume of holes to advance the Project to an initial gold-antimony Mineral Resource Estimate (‘MRE’). Our main focus is to continue to release oxide gold-antimony results as we prepare for the upcoming 2025 drill program, with the objective of advancing the Project to the MRE within 2025. Our metallurgical testwork program also continues to advance positively and we expect to have results in the coming weeks . The environment is optimal to continue to advance and unlock the gold-antimony potential at Limo Butte as there is a clear commitment from the United States to advance high-quality, domestic, mineral projects .’
Historical and Re-Assayed Drill Results
| Hole ID | Length, m* | g/t Au | % Sb | g/t AuEq** | From, m | To, m |
| Resurrection Ridge | ||||||
| LB21-004 | 60.3 | 2.27 | 0.13% | 2.85 | 81.7 | 142.0 |
| including | 11.6 | 8.92 | 0.17% | 9.68 | 116.7 | 128.3 |
| RR03_06 | 65.5 | 0.52 | 0.16% | 1.24 | 27.4 | 93.0 |
| including | 19.8 | 0.88 | 0.15% | 1.55 | 29.0 | 48.8 |
| LB020 | 58.2 | 0.25 | 0.13% | 0.85 | 61.0 | 119.2 |
| including | 33.9 | 0.35 | 0.19% | 1.19 | 85.3 | 119.2 |
*Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
**The gold equivalents (‘AuEq’) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.
Drillhole Orientation Details
| Hole ID | Target Zone | Easting | Northing | Elevation (m) | Length (m) | Azimuth | Dip |
| LB21-004 | RR | 667243 | 4417388 | 2176 | 252.1 | 148 | 75 |
| RR03_06 | RR | 666953 | 4417376 | 2099 | 93 | 0 | -90 |
| LB020 | RR | 666993 | 4417309 | 2132 | 220.6 | 70 | -70 |
Limo Butte Geology & Antimony Summary
A review of historical geochemical and drilling data at the Limousine Butte Project has identified multiple areas with strong gold-antimony potential. These zones correlate closely with outcrops of the Devonian Pilot Shale, the primary host rock for Carlin-type gold mineralization in the area. Positive gold grade at Limousine Butte is typically associated with silicification and the formation of jasperoid breccias within the Pilot Shale, an alteration feature also observed in the positive antimony results.
Through the Project data review, the Company uncovered reports detailing two small-scale historic mining operations at the Nevada Antimony Mine and Lage Antimony Prospect within the Limo Butte Project boundary. The Nevada Antimony Mine featured two prospect pits that extracted stibnite (formula: Sb 2 S 3 ) from a hydrothermal breccia. The Lage Antimony Prospect reported historical additional prospect pits extracting antimony.
Historical geochemical rock chip sampling within the past-producing Golden Butte pit from a Brigham Young University (‘BYU’) Thesis study produced numerous results that exceeded 1% antimony in jasperoid breccias (see Figure 1). Several results were greater than 5% antimony, including a sample of 9.6% antimony with visible stibnite and stibiconite . BYU Thesis Report
Figure 4 – Limousine Butte Project with historical antimony in rock chips and soils. The total strike length between Resurrection Ridge and Cadillac Valley is +5km. To view image please click here
US Executive Order – Announced March 20, 2025
The Company is pleased to report the recent, sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply . Antimony (Sb) has been identified as an important ‘Critical Mineral’ in the United States essential for national security, clean energy, and technology applications, yet no domestically mined supply currently exists.
The Executive Order invokes the use of the Defense Production Act as part of a broad United States (‘US’) Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will ‘identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals.’ Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a ‘dedicated mineral and mineral production fund for domestic investments’ under the Development Finance Corporation (‘DFC’).
This decisive action by the US Government highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects.
Importance of Antimony
Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.
Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.
Perpetua Resources Corp. (‘Perpetua’, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including the technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, and over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) ( see Perpetua Resources News Release from April 8, 2024 ) (Perpetua Resources. (2025))
Figure 5 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here
ON BEHALF OF THE BOARD
‘Signed’
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com .
Historical Data Validation
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.
The Company’s Qualified Person (‘QP’), Greg French, Vice President, Exploration has completed a review of the historical data in this press release. The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.
Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.
Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
References
Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.
Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions . Article Prepared by AP News.
Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate . Article Prepared by Reuters.
Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals . Article Prepared by Reuters.
Perpetua Resources. (2025) Antimony Summary . Articles and Videos Prepared by Perpetua Resources.
Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023 . Antimony Summary Report prepared by U.S.G.S
U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals . Reported Prepared by U.S.G.S
Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.
News Provided by GlobeNewswire via QuoteMedia
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Emil Bove forcefully rejected criticisms that he was President Donald Trump’s ‘henchman’ or ‘enforcer’ during a Senate hearing Wednesday focused on his nomination by Trump to serve as a federal judge.
Bove, a top Department of Justice (DOJ) official vying to fill a lifetime role on the Third Circuit Court of Appeals, said media reports painted a ‘wildly inaccurate caricature’ about him.
‘I am not anybody’s henchman. I’m not an enforcer,’ Bove said, referring to descriptors used in headlines about him. ‘I’m a lawyer from a small town who never expected to be in an arena like this.’
Bove served as a key attorney on Trump’s personal defense team during the president’s four criminal prosecutions. Prior to that, he led drug trafficking and terrorism cases during his decade as a prosecutor in the Southern District of New York.
But Bove’s formidable demeanor and controversial decisions upon joining DOJ leadership, which included dismissing New York City Mayor Eric Adams’ corruption charges and warning of personnel action for FBI employees who worked on Jan. 6 cases, have caused his nomination to the powerful appellate court bench to attract heightened scrutiny.
Capping off a string of reports examining these controversies was a whistleblower claim leveled Tuesday, one day prior to Bove’s nomination hearing.
The whistleblower, Erez Reuveni, a 15-year veteran of the department who was fired this year for perceived insubordination, alleged that Bove warned during an internal meeting that DOJ attorneys might need to say ‘f*** you’ to judges and defy any adverse orders they issue regarding one of Trump’s most provocative maneuvers to deport alleged illegal immigrants.
Senate Democrats, who have widely objected to Bove’s nomination, grilled the nominee over the claim, noting that flouting court orders was unconstitutional and disqualifying. Bove said he has never advised anyone to defy judges’ orders.
‘Did you or did you not make those comments during that meeting?’ Sen. Adam Schiff, D-Calif., pressed.
‘I did not suggest that there would be any need to consider ignoring court orders. At the point at that meeting there were no court orders to discuss,’ Bove said.
Schiff repeated the profane phrase several times, asking if Bove said it in relation to the courts.
‘I don’t recall,’ Bove said.
‘You just don’t remember that,’ Schiff replied incredulously.
Other Democrats pressed Bove on the Adams saga, which had led in February to a handful of high-level DOJ employees resigning in protest of Bove’s order that they dismiss the mayor’s federal corruption charges. A judge ultimately dropped Adams’s charges at Bove’s request, but not before excoriating the DOJ for giving ‘inconsistent’ justifications for wanting to drop the case.
Bove was accused by the ousted lawyers of asking the courts to toss out Adams’s charges in exchange for the mayor’s cooperation with the Trump administration’s immigration policy. Bove denied the allegation when pressed on it.
‘The suggestion that there was some kind of quid pro quo was just plain false,’ Bove said.
Despite Democrats’ concerns, as well as concerns voiced by some defense lawyers who said they have had negative experiences with the nominee, Bove has some loyal supporters. No Republican senators have voiced opposition to him at this stage, a sign that he could eventually be confirmed, albeit narrowly.
In an interview prior to the hearing, Deputy Attorney General Todd Blanche, Bove’s longtime friend and colleague, told Fox News Digital that Bove was a ‘freaking brilliant lawyer.’
Blanche said reports that Bove was unqualified were ‘distorted’ and that installing him on the Third Circuit was a ‘no-brainer.’
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The Medicaid debate among Senate Republicans continues to rage on, but a new proposal geared toward sating concerns over the survivability of rural hospitals could help to close the lingering fissures within the conference.
Senate Republicans are sprinting to finish their work on President Donald Trump’s ‘big, beautiful bill,’ which is filled with key priorities like making his first-term tax cuts permanent, funding his immigration and border security agenda, and rooting out waste, fraud and abuse across a variety of programs.
But lawmakers are still at odds over changes made in the Senate’s version of the bill to the Medicaid provider tax rate and the effects that it could have on rural hospitals, threatening to derail the legislation near the finish line.
A proposal making the rounds from the Senate Finance Committee obtained by Fox News Digital would create a separate stabilization fund that would go toward aiding and upgrading rural healthcare.
The committee’s proposal would allocate $3 billion annually to states that apply to the program over the next five fiscal years.
But that amount is too low for some senators and far too much for others.
Sen. Susan Collins, R-Maine, has been working on a similar proposal but would prefer a much higher fund of $100 billion. That number is unlikely to pass muster with her colleagues and still isn’t high enough for her.
‘I don’t think that solves the entire problem,’ she said. ‘The Senate cuts in Medicaid are far deeper than the House cuts and I think that’s problematic as well.’
Collins would prefer a return to the House GOP’s proposed changes to the provider tax rate, rather than the Senate’s harsher crackdown.
The Senate changes to the provider tax rate hit close to home for Collins, whose state’s rural hospitals are already in jeopardy because the state of Maine failed to advance its budget in time, leaving roughly $400 million in Medicaid funding that would have gone to rural hospitals in limbo.
‘Obviously any money is helpful. But no, it is not adequate,’ she said.
Indeed, the changes to the Medicaid provider tax rate, which were a stark departure from the House GOP’s version of the bill, angered the Republicans who have warned not to make revisions to the health care program that could shut down rural hospitals and boot working Americans from their benefits.
The Senate Finance Committee went further than the House’s freeze of the provider tax rate, or the amount that state Medicaid programs pay to healthcare providers on behalf of Medicaid beneficiaries, for non-Affordable Care Act expansion states and included a provision that lowers the rate in expansion states annually until it hits 3.5%.
However, Centers for Medicare & Medicaid Services (CMS) Administrator Dr. Mehmet Oz and some Senate Republicans have argued that the provider tax rate is a scam rife with fraud that actually harms rural hospitals more than it helps.
Sen. Rick Scott, R-Fla., was in the same camp, and has argued that the rate should be nixed completely. He has similarly pushed for a separate fund but wasn’t keen on the cost of the current proposal.
‘I don’t know that we need $15 billion,’ he said. ‘But this needs to be run by CMS.’
And others wanted to see more money injected into a stabilization fund.
‘I think $5 billion a year would more than make them whole,’ Sen. Roger Marshall, R-Kan., said.
He contended that, as the only lawmaker who has run a rural hospital, there are only roughly 12 million people on Medicaid in rural America, and that lawmakers should ‘tighten things up’ when it comes to funding the health care program.
He said that being on Medicaid was ‘not the same as having healthcare,’ and added that ‘at best, two thirds of doctors accept Medicaid, and even many of the specialists, when they say they do, they won’t give you an appointment for six months or a year.’
‘Medicaid is not the solution,’ he said. ‘It’s the most broken federal system up here.’
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The country is, once again, divided along partisan lines, this time over the U.S. joining Israel in military strikes against Iran’s nuclear sites, according to a Quinnipiac University poll released Wednesday.
Such was the case on Capitol Hill this week as congressional Democrats railed against the ‘unconstitutionality’ of President Donald Trump ordering attacks on three nuclear sites in Iran, while most Republican lawmakers celebrated his bold move to prevent Iran from obtaining nuclear capability.
Forty-two percent of voters support the U.S. strikes against Iran, while 51% oppose them, according to the Quinnipiac University poll, conducted between June 22-24 in the days after the U.S. strikes on Fordow, Natanz and Isfahan in Iran.
The results were split along party lines, with 81% of Republicans supporting the strikes compared to 75% of Democrats opposing them. Sixty percent of independents opposed the strikes, while 35% supported them.
‘No ambivalence from Republicans on the U.S. bombing of Iran’s nuclear sites. By a large margin, GOP voters give full-throated support to the mission,’ Quinnipiac University Polling Analyst Tim Malloy said in a statement.
Half of voters, at 50%, think the strikes would make Americans less safe, while 42% said they would make Americans safer.
Results were once again split along party lines. Seventy-six percent of Democrats said striking Iran’s nuclear program would make Americans less safe, while 80% of Republicans said it would make Americans safer.
According to the poll, nearly 8 in 10 voters are either very concerned, 44%, or somewhat concerned, 34%, about the U.S. getting dragged into war with Iran. Only 22% of voters are not concerned.
‘American voters, most of whom are not supportive of the country joining in the Israel-Iran conflict, are extremely troubled by the possibility that involvement could metastasize and draw the U.S. into a direct war with Iran,’ pollster Malloy said.
Forty-two percent of voters think the U.S. is too supportive of Israel, while 45% say support for Israel is about right. Only 5% say the U.S. is not supportive enough.
The percentage of voters calling the U.S. too supportive of Israel is at an all-time high since Quinnipiac University first posed the question to registered voters in January 2017. The percentage of voters calling the U.S. not supportive enough is an all-time low since then, the poll reveals.
Half of voters, 50%, support Israel’s military strikes against nuclear and military sites inside Iran, while 40% oppose them. Eighty percent of Republicans support them, while 60% of Democrats do not.
The Quinnipiac University Poll included 979 self-identified registered voters nationwide who were surveyed from June 22-24, with a margin of error of plus or minus 3.1 percentage points.
Trump announced the U.S. successfully struck Iran’s nuclear sites Saturday night. Israel had launched a series of coordinated attacks on Iran the previous week, which Iran had retaliated against, prompting the countries to exchange strikes. After the U.S. struck Iran, the Islamist country launched retaliatory attacks on a U.S. air base in Qatar.
The president indicated a ceasefire between Israel and Iran earlier this week, touting a successful mission to hinder Iran’s nuclear sites without engaging the U.S. in an escalatory Middle East conflict.
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Hawthorn Resources Corp. (CSE: HWTN) (‘Hawthorn‘ or the ‘Company’) is pleased to announce that it has closed its previously announced subscription receipt (the ‘Subscription Receipts’) offering (the ‘Offering’).
Under the Offering, the Company issued an aggregate of 14,807,315 Subscription Receipts at a price of $0.27 per Subscription Receipt for aggregate proceeds of $3,997,975.05 (the ‘Subscription Proceeds’).
Each Subscription Receipt, upon the satisfaction of certain conditions (the ‘Escrow Release Conditions’) related to the Company’s previously announced proposed acquisition of Stampede Metals Corporation (the ‘Acquisition’) on or before the escrow release deadline of July 31, 2025 or such later date as the escrow agent and the Company agree (the ‘Escrow Release Deadline’), will be automatically converted, without payment of any additional consideration and without any further action on the part of the holder thereof, into a unit (a ‘Unit’), comprised of one post 1:0.75 consolidation (the ‘Consolidation’) common share of the Company and one-half of one share purchase warrant. Each whole warrant will be exercisable to acquire a post-Consolidation common share at a price of $0.40 per share until December 23, 2026, subject to acceleration in the event that the post-Consolidated common shares of the Company trade at or above $0.60 for ten consecutive trading days. If the Escrow Release Conditions are not met by the Escrow Release Deadline, the aggregate Subscription Proceeds will be returned to subscribers without deduction.
President Ralph Shearing, P.Geol. of Hawthorn Resources, commented: ‘With nearly $4 million in financing received, upon completion of our acquisition of the Prince Silver Project, Hawthorn is fully funded to execute on our 2025 exploration priorities. We’re excited to advance the Prince Silver Project — a near-surface CRD deposit with historic production, strong silver-gold-zinc-manganese mineralization identified in over 129 historic drill holes with excellent exploration expansion potential.
In connection with the Offering, upon conversion of the Subscription Receipts into the underlying Units, the Company will pay finders fees of $98,309.98 to eligible registrants assisting in the Offering and issue an aggregate of 420,111 broker warrants (each, a ‘Broker Warrant’), with each Broker Warrant entitling the holder to acquire one post-Consolidated common share of the Company at a price of $0.40 per share for until December 23, 2026.
All securities issued under Acquisition and in the Offering will have a hold period of four months and one day pursuant to applicable securities laws and CSE policy. In accordance with CSE policies, the Company has obtained written shareholder approval for the issuance of the aggregate post-Consolidated common shares to be issued pursuant to the Acquisition and the Offering.
Completion of the proposed Acquisition is subject to a number of conditions, including, but not limited to, completion of the concurrent financing, satisfaction by the parties of all applicable filing requirements pursuant to the policies of the Canadian Securities Exchange (the ‘CSE’), and acceptance and receipt of all applicable regulatory, corporate and shareholder approvals.
About Hawthorn Resources Corp.
Hawthorn is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. Mineralization is open in all directions and is near surface. Hawthorn also holds option interest in Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.
For further information, please refer to the Company’s disclosure record on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors,
Ralph Shearing, Director, President
Tel: 604-764-0965
Email: info@hawthornresources.ca
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as ‘may’, ‘expect’, ‘estimate’, ‘anticipate’, ‘intend’, ‘believe’ and ‘continue’ or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, completion of the Initial Private Placement, appointments of directors and officers of the Company and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.
Source
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Think trading against the trend is risky? You may want to reconsider. When a stock or ETF is trending lower, the smart money watches for signs of a reversal; those early signals can get you into a trend before everyone else and lead to favorable risk-to-reward ratios.
In this video, options strategist Tony Zhang breaks down how to spot high-probability counter-trend setups using technical signals and practical examples. You’ll learn how to identify early reversal signals, why counter-trend setups can be lower-risk than you’d think, and how to apply these strategies through examples and live reviews.
Whether you’re new to options trading or leveling up your game, this is your opportunity to explore a low-risk, high-performing strategy.
The video premiered on June 25, 2025.
President Donald Trump took part in a flurry of greetings with world leaders eager to get face time with the U.S. president during his brief stint at the NATO Summit.
Upon arriving, the president was welcomed by Dutch royals — King Willem-Alexander, Queen Maxima, and their daughter Crown Princess Amalia. He became the first president to stay at the king’s palace, Huis ten Bosch Palace.
‘I had breakfast with the king and queen this morning — beautiful people,’ Trump said. ‘I slept beautifully.’
The president said he left The Hague with fonder feelings toward the NATO alliance than when he’d arrived.
‘I came here because it was something I’m supposed to be doing, but I left here a little bit differently,’ Trump said. ‘I left here saying that these people really love their countries. It’s not a ripoff. And we’re here to help them protect their country.’
He participated in photo ops with world leaders from across the political spectrum — friend and foe alike — and received fawning praise from NATO Secretary General Mark Rutte, who likened him to the father of the alliance.
‘Daddy has to sometimes use strong language,’ Rutte said in defense of Trump’s expletive-laden criticism of Israel and Iran for threatening the ceasefire he negotiated.
The president was riding high amid warming relations with the alliance he previously threatened to pull out of. After months of combativeness with Europe over defense spending and liberal policies, Trump praised the alliance for agreeing to his demand to raise its defense spending target to 5% of GDP.
‘Believe it or not, allies have increased spending by $700 billion,’ Trump said in a news conference. ‘his week, the NATO allies committed to dramatically increase their defense spending to that 5% of GDP, something that no one really thought possible.’
Even Spain — the only nation not to agree to commit 5% to defense — got a relatively mild drubbing from the president.
I like Spain. I have so many people from Spain. It’s a great place, and they’re great people. But Spain is … the only country out of all of the countries that refuses to pay. And, you know, so they want a little bit of a free ride,’ he said.
It was certainly a different tone from Vice President JD Vance’s address at the Munich Security Conference.
‘The threat that I worry the most about vis-à-vis Europe is not Russia. It’s not China. It’s not any other external actor,’ Vance said at the time. ‘What I worry about is the threat from within the retreat of Europe from some of its most fundamental values, values shared with the United States of America.’
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‘We continue to make excellent progress in moving the Potrero Project forward,’ stated Robert Archer, Pinnacle’s President & CEO. ‘I joined our consultants in a comprehensive site review last week that provided valuable guidance for permitting and a plant re-build and we are encouraged on both fronts. In parallel, our geological team is making significant strides in their interpretation of the gold-silver mineralizing system at El Potrero and we are commencing plans for an underground drilling program in addition to surface drilling. To date, we have taken in excess of 600 rock samples from underground and surface, with the latest batch in the SGS lab in Durango, and are starting to get a good understanding of the geology that will be critical in the planning stages going forward.’
Geological Program
A review was conducted with the geological team whereby the importance of a quartz-feldspar (+/- biotite) porphyry dyke is being recognized as it follows the same structure that hosts the mineralized quartz breccia vein system (see Figure 2). These types of dykes, and their potential association with rhyolite domes, are commonly associated with epithermal systems.
The dyke is pre-mineral as evidenced by the presence of quartz veinlets and associated weak gold-silver values within. It may have provided a competency contrast with the host andesitic volcanics and/or opened up the structure for the injection of mineralizing fluids. As such, the presence of the dyke appears to be an important component in localizing gold-silver mineralization within the breccia and may well become a critical exploration feature.
In particular, it was observed that some of the underground workings are entirely within the dyke and the presence of potentially mineralized vein breccia, presumably in the wall of the workings, needs to be drill-tested. The possibility of doing this via an underground drilling program is currently being assessed as it could be faster and cheaper than a surface drill program.
Follow-up sampling is being conducted in the areas of high-grade gold-silver mineralization that has been identified to date, including the upper level of the historic Pinos Cuates mine (see Figure 3) where composite channel samples returned up 19.4 grams per tonne gold (g/t Au) and 266 grams per tonne silver (g/t Ag) over 4.1 m etres, with individual samples returning up to 37.3 g/t Au and 346 g/t Ag ( see Pinnacle news release of June 2, 2025 ).
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Figure 1: Regional location map of the Potrero Project, Durango, Mexico
Additional channel sampling is also being conducted in areas that were previously restricted by accessibility that has now been improved by the installation of metal ladders. First pass sampling of the Dos de Mayo mine is complete, with 167 samples taken and submitted to the SGS lab in Durango. Underground mapping and sampling will now progress to the easternmost La Dura and La Dura 2 workings, where fine-grained visible gold and ginguro (grey-black bands of electrum and silver sulphides) were observed on the site visit.
Surface prospecting, mapping and sampling along the main Dos de Mayo vein system is continuing, with cleaning and sampling of historical trenches being conducted in areas of interest such as the old pit with vein material containing visible gold and ginguro that assayed 13.2 g/t Au and 2,280 g/t Ag and 5.2 g/t Au and 745 g/t Ag in two grab samples (see Pinnacle news release of June 2, 2025 ).
A program of combined underground and surface diamond drilling is being devised in order to systematically test the Dos de Mayo vein system. Underground drilling would consist of short (10-20 metres), closely spaced (10-15 metres) holes drilled into the walls of the underground workings and would be designed to test the width, continuity and grade of the breccia vein. Results would be used to guide future mine development. Surface holes would be more widely spaced (potentially 50 metres) and would be designed to give a more complete cross-section through the 500 metre mine area as well as test the continuity of the vein structure and mineralization along strike of the historic mines. Further details will be provided in due course.
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Figure 2: Preliminary geology of the Potrero Project showing vein projections and historic mines
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Figure 3: Longitudinal section, looking southwest, of underground workings at the Potrero Project.
Plant Assessment
With access roads to the project and the area around the plant having been completely cleaned up, an inspection was conducted by a plant consultant to assess the approximate cost and schedule to get it ready for production again. While a final report will be submitted to the company within approximately 3-4 weeks, it was determined that the basic infrastructure (framework, excavation and civil pads) appears to be sound, thereby significantly reducing both costs and time to get it production-ready. As such, future costs required will be focused on specific equipment such as new/refurbished crushers, ball mill, pumps, leaching and solution recovery equipment, and the Merrill Crowe circuit, etc. This will ensure required plant capacity and reliability during operation.
Metallurgical testing will also be undertaken and once all the equipment has been sized and a new flowsheet designed, water balance and connected power requirements will be determined that will, in turn, provide the basis for permitting and discussions with the Comision Federal de Electricidad – the federal electrical commission. The existing power line comes to within about three kilometres of the plant, but a new or upgraded substation may need to be established to provide sufficient power to the site. Potential areas for a dry-stack tailings storage facility were also examined as a means of water recovery and conservation.
Further details will be provided as the assessment progresses.
Permitting
A permit consultant was taken to the project to initiate a site review for the purpose of permitting near-term diamond drilling, mid-term mine development and site preparation, and future production. As anticipated, the Company was advised that the previous disturbance of the site by historic activity will significantly speed up and simplify the permitting process. Guidelines on the requirements for baseline studies, to include extensive photos, soil and water samples, etc. were discussed and a compilation of this material has already been initiated. A more formal proposal from the consultant will be submitted to the Company within the next two weeks, whereby the permitting process can get underway.
At a higher level, meetings were held with the Company’s corporate and environmental lawyers to discuss the anticipated process of completing and filing permit applications with the authorities in such a way as to minimize any potential delays.
QA/QC
The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’). Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project. This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.
The systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul. The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres. The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures. Samples were collected along the structural strike or oblique to the main structural trend.
All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg. They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis. The lab is accredited to ISO/IEC 17025:2017. All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.
SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm). All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish. An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.
Qualified Person
Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.
About the Potrero Property
El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).
High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length. A historic resource based upon underground sampling of those three mines is reported to consist of 45,561 tonnes at 8.0 g/t gold and 186 g/t silver. (These resources are historical in nature and Pinnacle is not treating these estimates as current mineral resources as a qualified person on behalf of Pinnacle has not done sufficient work to classify them as current mineral resources.) The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.
A 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres. Surface rights covering the plant and mine area are privately owned (no community issues).
Pinnacle will earn an initial 50% interest immediately upon commencing production. The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR. If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The addition of the high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt complements the Company’s project portfolio and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.
Signed: ‘Robert A. Archer’
President & CEO
For further information contact :
Email: info@pinnaclesilverandgold.com
Tel.: +1 (877) 271-5886 ext. 110
Website: www.pinnaclesilverandgold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .
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