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TSX Hits Record High Amid Gold Price Surge and Easing Trade Tensions

The S&P/TSX Composite Index (INDEXTSI:JX) reached a new all-time high of 26,105.67 as markets opened on Tuesday (May 20), representing a 4.88 percent uptick since January.

The milestone extends the index’s five week rally, which has been fueled by strong performances in the mining and financial sectors, as well as easing global trade tensions.

Gold has been a significant contributor to the TSX’s ascent as well. After peaking at US$3,500.05 per ounce in April, the metal has experienced some volatility, but remains up about 25 percent year-to-date.


Last week’s downgrade of US debt from Moody’s (NYSE:MCO) has intensified interest in gold as a safe-haven asset. The downgrade from AAA to AA1 was attributed to the nation’s growing debt levels and rising interest costs.

The firm’s move marks the first time all three major credit rating agencies — Moody’s, S&P Global (NYSE:SPGI) and Fitch Ratings — have rated US government debt below the top tier. The downgrade reflects concerns over the US government’s fiscal trajectory, with Moody’s stating in a May 16 release that “successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs.”

This fiscal uncertainty has led investors to seek the stability of gold, a traditional hedge against economic instability.

Gold’s strong performance is also benefiting gold-mining equities. Gold miners across the board are reaping the rewards of record-high bullion prices, with many major producers recently reporting robust Q1 results.

Despite these results, many analysts argue gold equities remain undervalued.

There’s also a widespread belief that the gold price can keep rising.

Earlier this month, analysts at JPMorgan Chase (NYSE:JPM) laid out a scenario where the yellow metal could rise to US$6,000 on the back of a 0.5 percent reallocation of foreign-held US assets to gold.

The bank estimates this shift could amount to US$273.6 billion — or 2,500 metric tons — over four years. With gold supply relatively fixed, JPMorgan notes that “even a slight increase in demand can have a dramatic impact on prices.”

Beyond the mining sector, easing global trade tensions have also contributed to the TSX’s record performance. Recent developments, including a truce in US-China tariffs, have alleviated concerns and bolstered market confidence.

Moving forward, market participants will be closely watching the Bank of Canada’s interest rate decision in the coming weeks. Tuesday’s mixed inflation data has created some uncertainty about what’s next.

As the TSX continues its upward trajectory, investors are optimistic about the sustained growth, supported by strong commodities prices and improving global economic conditions.

As of 11:10 a.m. EST on Tuesday, the TSX was holding above 26,000.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

Walker Lane Resources to Present at Sidoti Virtual Investor Conference, May 21-22, 2025

Walker Lane Resources Ltd. (TSX-V: WLR; Frnkfurt:Z5MP),(“Walker Lane” or the “Company”) is pleased to announce that Kevin Brewer, President and CEO of Walker Lane Resources Ltd. will present and host one-on-one meetings with investors at the Sidoti May Virtual Investor Conference, taking place on May 21-22, 2025.

The presentation will be providing an update on opportunities arising from the Company’s recent property acquisitions in the Walker Lane Gold Trend in Nevada and its exploration plans for the upcoming 2025 exploration season. The presentation is scheduled for 3:15-3:45 PM (Eastern Standard Time) on May 21, 2025. Mr. Brewer will also host virtual one-on-ones with investors on Wednesday and Thursday, May 21-22, 2025.

To register for the presentation or one-on-ones, visit www.sidoti.com/events . Registration is free and you don’t need to be a Sidoti client.

About Sidoti Events, LLC (“Events”) and Sidoti & Company, LLC (“Sidoti”)

In 2023, Sidoti & Company, LLC, Sidoti & Company, LLC ( www.sidoti.com ) formed an affiliate company, Sidoti Events, LLC in order to focus exclusively on its rapidly growing conference business and to more directly serve the needs of presenters and attendees.  The relationship allows Events to draw on the 25 years of experience Sidoti has as a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $200 million-$5 billion market cap range. Sidoti’s coverage universe comprises approximately 160 equities, of which 50 percent participate in the firm’s rapidly growing Company Sponsored Research (“CSR”) program.  Events is a leading provider of corporate access through the eight investor conferences it hosts each year. By virtue of its direct ties to Sidoti, Events benefits from Sidoti’s small- and microcap-focused nationwide sales force, which has connections with approximately 2,500 institutional relationships in North America.  This enables Events to provide multiple forums for meaningful interaction for small and microcap issuers and investors specifically interested in companies in the sector.

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd.  is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon and Newfoundland and Labrador. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver, B.C.) projects through an aggressive drilling program to resource definition stage in the near future.

On behalf of the Board:
“Kevin Brewer”
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

For Further Information and Investor Inquiries:

Kevin Brewer, P. Geo., MBA, B.Sc. (Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (709) 327 8013 kbrewer80@hotmail.com
Suite 1600-409 Granville St., Vancouver, BC, V6C 1T2

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plans”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “should”, “believe” “targeted”, “can”, “anticipates”, “intends”, “likely”, “should”, “could”  or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the  Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes “future-oriented financial information” or “financial outlooks” within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

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Baselode Reports Shallow Uranium Results from Summer 2024 Drill Program

  • Six drill holes expand shallow uranium mineralization footprint in Pod 1 (i.e., within 50 metres from surface), eleven drill holes confirmed uranium starting within 100 metres from surface in three Pods
  • Shallow uranium mineralization updip of Pod 7 remains largely untested and requires further follow-up drilling

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (“Baselode” or the “Company”) is pleased to release uranium (“U3O8”) assay results from all 28 drill holes of the 2024 drill program on the ACKIO prospect area (“ACKIO”) in the Athabasca Basin (“Basin”) area of northern Saskatchewan (Figure 1).

“We’re especially encouraged with 6 drill holes intersecting uranium within 50 m from surface and 11 drill holes within 100 m from surface. These shallow mineralization results continue to demonstrate ACKIO’s unique advantage in the Basin area with easily accessible, near-surface uranium. Last year’s summer drill program successfully defined more shallow uranium mineralization to the north and south of our shallowest uranium zone, Pod 1. Uranium at the overburden-bedrock contact still remains open to the south and north.

“Drilling at Pods 6 and 7 intersected higher average uranium grades over greater widths than previously intersected, suggesting there’s a zoned lower-grade to higher-grade uranium concentrations within those Pods. In addition, Pod 7 still requires a detailed investigation of uranium potential at the overburden-bedrock contact, which has not been tested to the same degree as Pod 1. We believe some of the higher-grade zones within Pod 7 extend up to the overburden-bedrock contact and have yet to be drill tested,” commented James Sykes, CEO, President, and Director of Baselode.

Pod 1 Summary (Figure 2, Table 1)

Six drill holes (AK24-134 to AK24-137, and AK24-143 & AK24-144) intersected uranium mineralization within 50 m from surface. AK24-137 intersected 0.38% U3O8 over 9.15 m at 37.35 m drill hole depth (3.5 grade*thickness, “GT“), confirming Pod 1’s uranium footprint at the overburden-bedrock contact to the south. Drill holes AK24-143 and AK24-144 successfully confirmed shallow uranium at Pod 1 to the north with 0.12% U3O8 over 11.8 m at 65.2 m drill hole depth (1.4 GT) and 0.12% U3O8 over 9.0 m at 51.5 m drill hole depth (1.1 GT), respectively.

Pod 6 Summary

As previously reported (October 3, 2024), drill hole AK24-118 intersected 8.5 metres of 0.59% U3O8 (5.0 GT), and AK24-119 returned 21.0 metres of 0.28% U3O8 (5.8 GT), ranking as the two best intersections in Pod 6, ranking amongst the top 20 drill holes at ACKIO, and enhancing our understanding of uranium mineralization controls at ACKIO.

Pod 7 Summary

Drill holes AK24-135B and AK24-138 intersected the second and third best individual uranium intersections in Pod 7 with 0.18% U3O8 over 28.0 m at 98.0 m depth (5.0 GT), and 0.19% U3O8 over 23.0 m at 81.5 m depth (4.3 GT), respectively.

In addition, two other drill holes (AK24-137 and AK24-139) rank amongst the top 10 drill intersections in Pod 7 with 2.5 GT each, and drill holes AK24-135B, AK24-137 and AK24-138 rank amongst the top 20 drill holes at ACKIO due to their combined intersections of Pod 1 and Pod 7.

Drill holes AK24-134 to AK24-139 have increased our confidence and understanding of uranium mineralization controls at Pod 7, as the system seems to be comprised of a higher-grade core with a lower-grade uranium envelope.

Pod 8 & Pod 9 Summaries

Drill hole AK24-133 intersected the second best results in Pod 8 with 0.09% U3O8 over 11.5 m at 130.5 m depth (1.0 GT).

The results from Pod 8 and Pod 9 exploration drill holes have required the company to re-consider the overall structural architecture of these specific parts of ACKIO as the uranium mineralization system was not as predictable as it is in other Pods.

Exploration results

Drill holes AK24-120 to AK24-127 and AK24-129 to AK24-130 were designed to test for depth extension, strike extensions, and unconformity-style of uranium mineralization. Although none of the drill holes intersected any new zones of uranium mineralization, they all share geochemical anomalous lead (Pb) isotope ratios, boron (B), and uranium (U), including a predominant Mg-chlorite-rich clay type.

NOTES:

All reported lengths and depths, aside from “metres from surface” are drill hole measurements and do not represent true thicknesses, which have yet to be determined.

About Baselode Energy Corp.

Baselode controls 100% of approximately 241,409 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

The Company discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.

Baselode’s Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further complemented by the Company’s preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling.

QP Statement

The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”

For further information, please contact:

James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
www.baselode.com

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

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company’s filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedarplus.ca.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the 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, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

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Figure 1 – Baselode projects location map. ACKIO uranium prospect identified with red triangle

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/252714_4cd47696b427393e_005full.jpg

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Figure 2 – ACKIO area diamond drill hole collar locations and drill traces

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/252714_4cd47696b427393e_006full.jpg

TABLE 1 – Uranium assay results for drill holes AK24-117 to AK24-144 at the ACKIO discovery

DDH Target East North Elevation Az. Dip EOH Radioactivity (>300 counts-per-second, cps) Assay Results (>0.05 wt% U3O8)
AK24-117* Pod 8 526142 6372902 465 90 -75 227 368 cps over 0.45 m at 74.4 m 0.09% over 0.45 m at 74.4 m
Pod 8 301 cps over 1.8 m at 108.3 m No significant results
Pod 8 409 cps over 6.25 m at 117.25 m 0.07% over 0.5 m at 118.0 m 0.06% over 1.0 m at 121.5 m
Pod 6 426 cps over 12.55 m at 128.1 m 0.07% over 7.5 m at 128.5 m 0.05% over 1.5 m at 139.0 m
Pod 6 327 cps over 6.4 m at 145.2 m 0.11% over 1.0 m at 145.5 m
Pod 6 399 cps over 0.65 m at 160.95 m 0.08% over 0.5 m at 161.0 m
AK24-118* Pod 8 526142 6372902 465 118 -71 257 456 cps over 0.8 m at 89.3 m 0.15% over 0.9 m at 89.2 m
Pod 8 350 cps over 0.5 m at 92.7 m 0.09% over 0.3 m at 92.7 m
Pod 8 392 cps over 2.6 m at 119.1 m 0.09% over 1.1 m at 119.4 m
Pod 8 315 cps over 3.1 m at 131.8 m No significant results
Pod 6 1,115 cps over 13.3 m at 149.3 m 0.06% over 0.5 m at 149.5 m 0.59% over 8.5 m at 153.0 m
Pod 6 includes 0.72% over 6.0 m at 154.0 m
AK24-119* Pod 6 526133 6372907 463 65 -75 230 300 cps over 8.5 m at 109.5 m 0.07% over 0.5 m at 104.5 m
Pod 6 907 cps over 34.05 m at 131.1 m 0.28% over 21.0 m at 141.0 m
Pod 6   includes 9,173 cps over 0.4 m at 144.6 m 1.36% over 2.0 m at 143.0 m
Pod 6   and includes 0.51% over 0.5 m at 152.0 m
AK24-120 Exploration – Depth 526210 6373081 464 270 -70 512 No significant results
AK24-121 Exploration – Depth 526317 6372980 465 270 -70 452 No significant results
AK24-122 Exploration – Depth 526360 6372880 467 270 -70 446 No significant results
AK24-123 Exploration – SE Strike 526450 6372680 467 270 -65 369 No significant results
AK24-124 Exploration – UC 526335 6372730 466 90 -90 200 No significant results
AK24-125 Exploration – UC 526335 6372730 466 90 -60 332 495 cps over 0.3 m at 132.75 m 0.05% over 0.55 m at 132.5 m
AK24-126 Exploration – UC 526342 6372830 467 90 -70 269 No significant results
AK24-127 Exploration – UC 526362 6372928 467 90 -80 215 330 cps over 0.15 m at 53.4 m No significant results
Exploration – UC 330 cps over 0.1 m at 55.9 m No significant results
Exploration – UC 320 cps over 0.25 m at 115.75 m No significant results
AK24-128 Pod 1 NW 526062 6373080 466 270 -60 200 302 cps over 1.85 m at 47.7 m No significant results
Pod 1 NW 370 cps over 0.1 m at 50.0 m No significant results
Pod 1 NW 300 cps over 0.6 m at 50.65 m No significant results
Pod 1 NW 310 cps over 0.15 m at 58.6 m No significant results
Pod 1 NW 460 cps over 0.1 m at 59.1 m 0.05% over 0.5 m at 59.0 m
Pod 1 NW 300 cps over 0.2 m at 62.9 m No significant results
Pod 7 NW 418 cps over 0.9 m at 109.05 m 0.07% over 0.5 m at 109.0 m
AK24-129 Exploration – UC 526231 6372800 467 270 -90 188 324 cps over 0.65 m at 80.65 m No significant results
AK24-130 Exploration – SE Strike 526453 6372383 468 250 -60 281 No significant results
AK24-131 Pod 8 526135 6372836 465 76 -65 242 No significant results
AK24-132 Pod 8 526135 6372836 464 76 -59 218 No significant results 0.05% over 0.1 m at 156.5 m
AK24-133 Pod 8 526124 6372879 465 90 -60 224 397 cps over 1.10 m at 112.4 m 0.08% over 1.0 m at 112.5 m
Pod 8 341 cps over 0.55 m at 116.7 m 0.06% over 2.0 m at 116.5 m
Pod 8 350 cps over 0.8 m at 120.3 m No significant results
Pod 8 396 cps over 11.65 m at 128.95 m 0.09% over 11.5 m at 130.5 m
Pod 6 444 cps over 1.2 m at 155.5 m 0.07% over 1.0 m at 155.5 m
AK24-134 Pod 1 526091 6372933 463 267 -50 191 386 cps over 6.05 m at 53.2 m 0.10% over 1.5 m at 53.5 m 0.16% over 1.0 m at 56.5 m
Between Pod 1 & Pod 7 400 cps over 0.5 m at 74.0 m 0.12% over 1.25 m at 74.0 m
Pod 7 1,035 cps over 11.0 m at 101.3 m 0.17% over 9.0 m at 103.0 m
Pod 7 includes 6,621 cps over 0.7 m at 103.9 m 1.07% over 0.5 m at 104.0 m
Pod 7 400 cps over 0.05 m at 129.2 m 0.06% over 0.05 m at 129.2 m
Pod 7 500 cps over 4.75 m at 131.9 m 0.10% over 3.0 m at 132.0 m
Pod 7 6,344 cps over 0.3 m at 138.9 m 0.43% over 1.0 m at 138.5 m
Pod 7 includes 0.65% over 0.5 m at 139.0 m
AK24-135B Pod 1 526091 6372932 463 267 -50 185 410 cps over 0.6 m at 41.6 m 0.09% over 0.7 m at 41.5 m
Pod 1 478 cps over 0.4 m at 44.0 m 417 cps over 1.55 m at 47.0 m 0.05% over 6.5 m at 44.0 m1
Between Pod 1 & Pod 7 442 cps over 0.6 m at 53.3 m 0.06% over 1.0 m at 53.0 m
Between Pod 1 & Pod 7 465 cps over 0.2 m at 55.9 m 0.06% over 0.5 m at 56.0 m
Pod 7 438 cps over 1.25 m at 89.45 m 0.10% over 1.65 m at 89.35 m
Pod 7 983 cps over 28.65 m at 98.2 m 0.18% over 28.0 m at 98.0 m
Pod 7 includes 0.55% over 0.5 m at 99.5 m
and includes 5,920 cps over 0.15 m at 123.1 m 0.57% over 0.5 m at 123.0 m
Pod 7 623 cps over 0.6 m at 156.3 m No significant results
AK24-136 Pod 1 526091 6372932 463 245 -55 208.5 380 cps over 0.2 m at 50.4 m 0.05% over 0.4 m at 50.2 m
Pod 1 414 cps over 0.75 m at 56.7 m 0.10% over 1.0 m at 56.5 m
Between Pod 1 & Pod 7 366 cps over 4.6 m at 74.0 m 0.11% over 3.5 m at 74.0 m2
Pod 7 328 cps over 6.3 m at 103.8 m 0.06% over 0.5 m at 103.5 m 0.05% over 0.5 m at 105.5 m 0.06% over 0.5 m at 109.0 m
Pod 7 800 cps over 5.15 m at 113.5 m 0.12% over 4.5 m at 114.5 m
Pod 7 includes 10,455 cps over 0.2 m at 118.45 m 0.59% over 0.55 m at 118.45 m
Pod 7 320 cps over 0.05 m at 125.9 m No significant results
Pod 7 471 cps over 0.45 m at 129.4 m 0.07% over 0.5 m at 129.5 m
Pod 7 No significant results 0.05% over 0.5 m at 135.0 m
AK24-137 Pod 1 526091 6372932 463 241 -69 191 1,236 cps over 8.95 m at 37.35 m 0.38% over 9.15 m at 37.35 m3
Pod 1 includes 5,827 cps over 0.2 m at 39.35 m 0.68% over 4.25 m at 39.0 m
Pod 1 325 cps over 3.4 m at 50.5 m 0.12% over 0.5 m at 50.5 m 0.07% over 0.5 m at 53.0 m
Pod 1 330 cps over 0.15 m at 58.85 m No significant results
Between Pod 1 & Pod 7 302 cps over 4.4 m at 96.55 m 0.05% over 0.5 m at 96.5 m
Between Pod 1 & Pod 7 365 cps over 3.4 m at 105.25 m 0.06% over 0.5 m at 107.5 m
Pod 7 380 cps over 0.1 m at 120.35 m No significant results
Pod 7 684 cps over 0.3 m at 124.7 m 0.06% over 0.5 m at 124.5 m
Pod 7 1,272 cps over 13.3 m at 127.5 m 0.28% over 9.0 m at 129.0 m
Pod 7 includes 5,000 cps over 0.2 m at 130.1 m 0.51% over 0.5 m at 130.0 m
Pod 7 and includes 7,000 cps over 0.05 m at 132.1 m 0.55% over 2.0 m at 132.5 m
Pod 7 and includes 5,600 cps over 0.85 m at 132.7 m
Pod 7 and includes 10,600 cps over 0.1 m at 134.55 m
Pod 7 1,122 cps over 4.85 m at 142.9 m 0.16% over 4.0 m at 142.5 m
Pod 7 includes 5,600 cps over 0.25 m at 143.15 m
Pod 7 and includes 6,500 cps over 0.1 m at 146.15 m
Pod 7 1,063 cps over 1.45 m at 150.65 m No significant results
Pod 7 includes 10,000 cps over 0.1 m at 150.65 m 0.40% over 0.5 m at 150.5 m
AK24-138 Pod 7 526060 6372968 462 251 -60 152 388 cps over 11.2 m at 64.85 m 0.09% over 10.5 m at 64.5 m4
Pod 7 905 cps over 26.5 m at 79.55 m 0.19% over 23.0 m at 81.5 m
Pod 7 includes 7,000 cps over 0.1 m at 89.05 m 0.58% over 0.5 m at 89.0 m
Pod 7 and includes 6,300 cps over 0.1 m at 96.4 m
Pod 7 and includes 5,500 cps over 0.1 m at 97.55 m 0.65% over 0.5 m at 97.5 m
Pod 7 and includes 5,290 cps over 0.6 m at 101.5 m 1.00% over 1.0 m at 101.0 m
Pod 7 454 cps over 0.75 m at 108.35 m No significant results
Pod 7 738 cps over 0.8 m at 111.95 m 0.23% over 0.5 m at 112.0 m
AK24-139 Pod 7 526060 6372968 462 281 -45 179 No significant results 0.37% over 0.25 m at 41.25 m
369 cps over 0.85 m at 62.15 m 0.11% over 0.5 m at 62.0 m
Pod 7 300 cps over 0.4 m at 65.0 m No significant results
Pod 7 664 cps over 24.7 m at 68.45 m 0.11% over 22.0 m at 70.5 m
Pod 7 305 cps over 0.05 m at 96.35 m No significant results
Pod 7 495 cps over 0.1 m at 98.25 m No significant results
Pod 7 388 cps over 0.2 m at 101.45 m No significant results
Pod 7 360 cps over 0.1 m at 134.45 m No significant results
Pod 7 380 cps over 0.15 m at 137.9 m No significant results
AK24-140 Pod 7 NW 525979 6373079 461 80 -65 275 360 cps over 0.4 m at 82.3 m No significant results
Pod 7 NW 320 cps over 1.6 m at 88.9 m No significant results
Pod 7 NW 350 cps over 0.25 m at 92.75 m No significant results
Pod 7 NW 300 cps over 0.6 m at 99.9 m No significant results
AK24-141 Pod 7 NW 525979 6373079 461 93 -76 365 988 cps over 1.65 m at 91.8 m 0.11% over 2.0 m at 91.5 m
Pod 1 NW 340 cps over 0.1 m at 180.7 m No significant results
Pod 9 300 cps over 0.2 m at 271.4 m No significant results
Pod 9 360 cps over 0.2 m at 272.95 m No significant results
Pod 9 310 cps over 0.15 m at 274.3 m No significant results
AK24-142 Pod 7 NW 525979 6373091 462 85 -78 344 300 cps over 0.15 m at 68.0 m No significant results
Pod 7 NW 458 cps over 1.35 m at 77.25 m 0.07% over 0.5 m at 77.0 m 0.06% over 0.5 m at 78.5 m
Pod 1 NW 550 cps over 0.1 m at 102.1 m No significant results
Pod 1 NW 440 cps over 0.1 m at 112.25 m No significant results
Pod 1 NW 757 cps over 0.2 m at 114.1 m No significant results
Pod 1 NW 500 cps over 0.15 m at 116.45 m No significant results
Pod 9 300 cps over 0.2 m at 135.6 m No significant results
Pod 9 374 cps over 0.45 m at 184.0 m No significant results
Pod 9 380 cps over 0.2 m at 184.8 m No significant results
Pod 9 400 cps over 0.1 m at 185.4 m No significant results
Pod 2 NW 347 cps over 0.45 m at 276.2 m No significant results
Pod 2 NW 300 cps over 0.5 m at 312.75 m No significant results
AK24-143 Pod 1 526101 6373029 463 265 -55 221 330 cps over 0.45 m at 46.9 m No significant results
Pod 1 397 cps over 21.25 m at 59.5 m 0.12% over 11.8 m at 65.2 m5
Pod 1 300 cps over 0.1 m at 90.3 m No significant results
Pod 1 360 cps over 0.3 m at 97.7 m 0.06% over 0.6 m at 97.5 m
Pod 1 300 cps over 0.15 m at 101.0 m No significant results
Pod 7 453 cps over 0.3 m at 123.6 m No significant results
Between Pod 1 & Pod 7 330 cps over 2.1 m at 125.7 m 0.10% over 1.0 m at 126.0 m
Between Pod 1 & Pod 7 450 cps over 0.5 m at 130.75 m 0.05% over 0.5 m at 130.5 m
Between Pod 1 & Pod 7 344 cps over 4.35 m at 136.1 m 0.08% over 2.0 m at 136.0 m
Pod 7 NW 300 cps over 0.2 m at 152.6 m No significant results
Pod 7 NW 380 cps over 0.25 m at 153.65 m 0.06% over 4.5 m at 153.5 m6
Pod 7 NW 388 cps over 3.35 m at 155.65 m
AK24-144 Pod 1 526080 6373029 463 265 -55 200 500 cps over 0.25 m at 44.5 m No significant results
Pod 1 375 cps over 10.45 m at 50.0 m 0.12% over 9.0 m at 51.5 m7
includes 0.69% over 0.5 m at 54.0 m
Pod 1 300 cps over 0.1 m at 64.4 m No significant results
Pod 1 300 cps over 0.1 m at 65.3 m No significant results
Between Pod 1 & Pod 7 800 cps over 0.3 m at 98.75 m 0.13% over 1.0 m at 98.5 m
Pod 7 NW 350 cps over 0.55 m at 142.3 m 0.10% over 1.0 m at 142.0 m
28 DDH 7,373 m 19 DDH 17 DDH

 

NOTES: East and North units are metres using NAD83 datum, UTM Zone 13N
Elevation is recorded as “metres above sea level”
Az. = Azimuth, EOH = End of hole (measured in metres)
Composite radioactivity results use 300 cps cut-off and do not contain greater than 2.0 m consecutive dilution
Composite radioactivity results for “includes/and includes” use 5,000 cps cut-off and do not contain greater than 2.0 m consecutive dilution
Composite U3O8 results use 0.05% U3O8 cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is Composite U3O8 results for “includes/and includes” use 0.50% U3O8 cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is * – previously released assay results (October 3, 2024)
1 – includes 2.25 m lost core over interval length
2 – includes 0.95 m lost core over interval length
3 – includes 0.9 m lost core over interval length
4 – includes 2.75 m lost core over interval length
5 – includes 1.4 m lost core over interval length
6 – includes 1.7 m lost core over interval length
7 – includes 1.15 m lost core over interval length

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Apollo Silver’s Vision: From Founding to Future in Precious Metals Exploration

Investorideas.com, a global investor news source covering mining and metals stocks releases a new episode of the Exploring Mining Podcast . Host Cali Van Zant talks with Andrew Bowering, Chairman of Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0). Apollo Silver Corp. has assembled an experienced and technically strong leadership team who have joined to advance world class precious metals projects in tier-one jurisdictions.

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Andrew Bowering, Chairman of Apollo Silver Corp

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Andy shares his background, his passion for the mining sector, how he defines success and his vision for Apollo Silver Corp. and its key projects.

Key takeaways from interview:

  • Apollo Silver team to complete compilation of data from 8,000-10,000 sample program and announce compliant barite resource by end of first half of the year.

  • Apollo Silver team to review recently received field prospecting and sampling data around gold structures.

  • Apollo Silver team to plan and execute a drill program this year to determine the footprint of the gold resource south of the silver deposit.

  • Apollo Silver teams plan to conduct an economic study (PEA) on the silver resource in the second half of this year.

  • Apollo Silver team to continue efforts to resolve community issues and regain social license at Cinco de Mayo project.

Listen to the podcast:

https://www.spreaker.com/episode/this-fully-funded-silver-stock-holds-america-s-biggest-undeveloped-silver-mine–66126199

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Podcast Overview
Andrew Bowering, Chairman of Apollo Silver Corp shares his extensive background in the mining industry, which spans 35 years. Andy explains how he founded Apollo Silver at the request of investors, raising significant funds and acquiring assets from mid-tier to major companies in the silver space.

The conversation then shifts to the recent appointment of Ross McElroy as CEO of Apollo Silver. Andy highlights Ross’ extensive experience in the industry, including his recent sale of Fission Uranium for $1.1 billion, and expresses enthusiasm about having Ross now lead the Apollo team. (Related news release)

California Mining Landscape and Calico Project
Andy discusses the mining landscape in California, highlighting the state’s complex history with mining and environmental concerns. He explains that while California has been less popular for mining in recent years due to environmental regulations and water scarcity, there are still areas like San Bernardino County where mining operations are active. Andrew then describes Apollo’s project, situated primarily on private land designated for mining, emphasizing its favorable location and historical significance. He also mentions the project’s geological advantages, including a 1:1 strip ratio and a straightforward geological formation.

Calico Project
Andrew discusses the Calico project, which consists of three deposits: two silver (Waterloo and Langtry) and an historical gold deposit, The Burcham Mine. The project contains approximately 160 million ounces of silver and 70,000 ounces of gold. Andrew also mentions the presence of barite, a critical mineral, which could be valuable for negotiations with the government. For the upcoming year, the company plans to announce a compliant barite resource, conduct a drill program to determine the size of the gold resource, and perform an economic study on the silver resource.

Cinco De Mayo Mining Project
Andrew discusses their large mining project called Cinco de Mayo, located northwest of Chihuahua City in North Mexico. He explains that the project, potentially the largest CRD (Carbonate Replacement Deposit) in North America, lost its social license in 2012 when local surface owners banned mining. Andrew’s company, Apollo, has been given a five-year option to resolve community issues and resume drilling. He draws parallels to his previous success with Prime Mining in Sinaloa, Mexico, where he restored community support and unlocked significant value. Andrew believes his team’s local connections and experience will help them resolve the social license issues at Cinco de Mayo, potentially turning it into a highly valuable project.

Mining in Northern Mexico’s Economy
Andrew shares the importance of mining in Northern Mexico’s economy and the recent changes in government policy. He explains that the previous government tried to restrict mining, but the new Sheinbaum government is now opening up the sector for foreign investment. Andrew emphasizes the positive impact of mineral exploration and mine development on local communities in Mexico. He mentions that officials from Chihuahua’s Ministry of Mines visited their office, expressing excitement about the potential reopening of the Cinco de Mayo project, which could bring significant economic benefits to the area.

Mining Industry Success
Andrew talks about the key elements for success in the mining industry, emphasizing the importance of good assets, a strong management team, and a solid shareholder base with a good capital structure. He stresses the value of teamwork and hiring smart, hardworking individuals. Andrew explains his role in raising money and promotion, while also highlighting his hands-on experience and personal financial commitment to Apollo. He says he believes that demonstrating leadership through personal investment attracts good supporters, which in turn brings more supporters and provides the patience needed for long-term projects.

About Apollo Silver Corp.

Apollo has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.

Please visit www.apollosilver.com for further information.

Apollo on X @corp_apollo

May 2025 Presentation

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Apollo Silver Expands Calico Project Land Package by over 285%

Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V: APGO, OTCQB: APGOF, Frankfurt: 6ZF0) is pleased to announce it has acquired 2,215 hectares (“ha”) of highly prospective claims contiguous to its Waterloo property at its Calico Silver Project (“Calico” or “Calico Project”). The newly acquired claims herein referred to as the Mule claims comprise 415 lode mining claims, and have been acquired from LAC Exploration LLC (“LAC”), a wholly-owned subsidiary of Lithium Americas Corp. (TSX: LAC; NYSE: LAC), who were the previous operators of the property. Preliminary mapping and sampling conducted by the prior operator of the Mule claims identified several high-grade silver targets, which will be evaluated as part of Apollo’s future exploration planning.

In addition, a mapping and sampling program was recently completed at the Burcham gold prospect area in the southwest region of the Waterloo property (see news release dated February 12, 2025). This program confirmed the importance of the Calico fault system with respect to controls on the silver (“Ag)” and gold (“Au”) mineralization in the area and has identified the potential for copper (“Cu”), zinc (“Zn”) and lead (“Pb”) mineralization associated with stratabound and mantos lenses.

Highlights:

  • Mule claims expand the Calico Project land package by over 285%, from 1,194 ha to 3,409 ha of contiguous claims.
    • Mule claims trend along the mineralized Calico Fault System responsible for mineralization seen at Calico.
    • Reports from the prior operator indicate that there are several strongly anomalous silver values on the property, which Apollo will attempt to ground-truth in the coming exploration programs.
    • Sampling done across the Mule claims by previous operator has identified a large Ag anomaly associated with the same suite of host rocks at the Waterloo property.
  • Exploration at the Burcham prospect at Waterloo included assays from 27 surface samples:
    • Assay peaks up to 14.10 g/t Au, 20.70 g/t Ag, 0.17% Cu, 22.80% Zn and 5.74 % Pb from various samples (see Table 1).
    • Identification of strata-bound lenses and mantos that show strong potential for Cu, Zn and Pb mineralization.

Ross McElroy, President and CEO of Apollo, commented , “The addition of the Mule claims substantially enhances the Calico Project. Calico already hosts 3 discrete drill delineated zones with resource estimates along a 4km long trend, along the Calico fault zone. The Mule claims increase the overall land area of the Calico project by more than 2.5x. The new claims are strategically located to the east along the very prolific Calico mineralized corridor and represent a great opportunity for further discoveries. Apollo is committed to continuing to unlock value in California for our shareholders.”

Mule Claims Acquisition

The Mule claims are composed of 415 lode mining claims administered by the Bureau of Land Management. Mapping and sampling conducted by the previous operators across the Mule claims has identified a continuation of the mineralized Calico Fault System. The sedimentary rocks of the Barstow formation which hosts the Waterloo silver deposit, as well as the volcanic Pickhandle formation are pronounced all over the acquired claims. The contact between the Barstow and Pickhandle formation has demonstrated potential for gold mineralization as is seen at Waterloo. Sampling across the Mule claims has identified several strong Ag and Au anomalies. Apollo plans to conduct its own follow up exploration program on the Mule claims to better develop its own exploration targets and delineate where this highly prospective contact is exposed.

Details of the Transaction

The Mule claims were acquired by Apollo’s wholly owned U.S. subsidiary, Stronghold Silver USA Corp. (“Stronghold”), from LAC. As consideration for the acquisition, Apollo paid US$250,000 in cash, and LAC retains a 2.0% net smelter return royalty (the “Royalty”) on the Mule claims.

Apollo, through Stronghold, retains the right to buy back 1.0% of the Royalty at any time on or before the date that is thirty (30) days from the date of commencement of commercial production, for a payment of US$1,000,000.

Figure 1: Map of Calico Project in San Bernardino, California

Map of Calico Project in San Bernardino, California

2025 Burcham Exploration Program

The Company has completed its previously announced surface exploration work at its Burcham prospect (see news release dated February 12, 2025). The work completed consisted of detailed mapping, sample collection and target generation, with the aim to follow up with future drilling.

The exploration team has completed some of the most detailed mapping to date at the Calico Project, including previous programs at Langtry and Waterloo. Structures dominating at Burcham are similar to those at Waterloo with the system being dominated by the Calico Fault, a sinuous moderately plunging reverse fault that dips steeply to the north. Potential for Au mineralization is strong along the contact of the Burcham and Pickhandle formations. Previously unrecognised, stratiform mantos and lenses occupying fold flexures show strong potential for Cu mineralization. This type of mantos have been historically mined on the north side of the Waterloo deposit, and occur near the contact between the Pickhandle Formation and the overlying Barstow Formation. Historic mining on the North side of Waterloo Deposit targeted a manto about 1.5 m thick. Copper mineralization is associated with strong hydrothermal alteration which is seen to diminish as you move eastward along the property. Assays of the sample results are presented in Table 1.

Figure 2: Summary Map of Burcham Exploration Program

Summary Map of Burcham Exploration Program Table 1: Location and Assay Results of Samples Collected

Site ID Sample ID Easting Northing Elevation
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Zn
(%)
Pb
(%)
A F278051 511181 3867493 707 0.13 2.73 0.01 0.55 0.12
B F278052 511185 3867503 712 0.53 9.17 0.04 0.25 0.61
C F278053 511181 3867516 714 0.01 3.56 0.00 0.30 0.09
D F278054 511182 3867536 719 0.05 2.95 0.00 0.40 0.06
E F278055 511209 3867614 736 0.08 3.18 0.00 0.18 0.02
F F278056 511229 3867640 743 0.12 2.79 0.00 0.27 0.03
G F278057 511270 3867668 775 14.10 9.08 0.06 0.40 0.51
H F278058 511238 3867486 728 0.32 3.87 0.03 0.07 0.21
I F278059 511591 3867483 738 0.05 0.36 0.17 0.89 0.01
J F278060 511452 3867566 787 0.42 20.70 0.06 0.05 0.49
K F278061 511378 3867622 792 0.25 7.83 0.02 0.06 0.17
L F278062 511343 3867613 789 0.25 4.64 0.01 0.01 0.21
M F278063 511595 3867636 812 0.15 2.50 0.02 0.16 0.25
N F278064 511617 3867601 796 0.01 0.58 0.01 0.08 0.09
O F278065 511125 3867728 796 0.03 6.90 0.00 0.09 0.17
P F278066 511159 3867925 865 0.04 2.96 0.14 0.14 0.24
Q F278067 511179 3867932 864 0.03 0.61 0.02 0.19 0.03
R F278068 511016 3867837 857 0.00 17.30 0.00 0.07 0.01
S F278069 511283 3867661 777 12.45 15.95 0.08 0.29 0.74
T F278070 511302 3867680 794 4.58 9.02 0.15 0.37 5.74
U F278071 511363 3867570 781 1.13 12.65 0.02 0.06 0.32
V F278072 511478 3867509 772 0.72 10.25 0.03 0.04 0.59
W F278073 511519 3867501 764 0.16 2.73 0.04 0.08 0.17
X F278074 511485 3867458 753 0.05 2.56 0.01 14.75 0.10
Y F278075 511440 3867459 751 0.18 1.58 0.00 22.80 0.07
Z F278076 511377 3867520 748 1.52 5.90 0.02 0.09 0.21
AA F278077 511314 3867501 734 1.71 3.28 0.01 0.05 0.19


Sampling and Quality Assurance/Quality Control

Grab samples were collected in the field and a 2 kg representative sample was sent for analysis. Rock samples are catalogued and securely stored in a warehouse facility in Barstow, California until they are ready for secure shipment to ALS Global Geochemistry in Reno, Nevada (“ALS Reno”) for sample preparation and gold analysis. After preparation, splits of prepared pulps are securely shipped to ALS Vancouver, British Columbia for analysis.

Samples were prepared at ALS Reno (Prep-31 package) with each sample crushed to better than 70% passing a 2 mm (Tyler 9 mesh, U.S. Std. No. 10) screen. A split of 250 g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh, U.S Std. No 200) screen. Surface samples were analyzed using complete characterization via the CCP-PK05 methods, which include whole rock analysis (ME-ICP06), ME-MS61, single element trace method using aqua regia digestion and ICP-MS (ME-MS42) and rare earth elements using the method ME-ME81, which consists of lithium borate fusion followed by ICP-MS. All surface samples were submitted for gold analysis by fire assay (Au-AA23). Over-range samples analyzed for copper, lead and zinc were re-submitted for analysis using a four-acid digestion and ICP-AES finish (method OG62) with a range of 0.001-50% for copper, 0.001-20% for lead, and 0.001-30% for zinc. Gold was analyzed by fire assay with atomic absorption finish (method Au-AA25) with a reportable range of 0.01-100 ppm Au. All analyses were completed at ALS Vancouver except for gold by fire assay, which was completed at ALS Reno.

Apollo’s QA/QC program includes ongoing auditing of all results from the laboratories. The Company’s Qualified Person is of the opinion that the sample preparation, analytical, and security procedures followed are sufficient and reliable. The Company is not aware of any sampling issues or other factors that could materially affect the accuracy or reliability of the data reported herein.

2025 Marketing Initiatives

The Company also announces that it has engaged Creative Direct Marketing Group, Inc. (“CDMG”), an arm’s-length service provider, to provide creative services in accordance with the policies of the TSX Venture Exchange (“TSXV”) and applicable securities laws. Based in Nashville, Tennessee, CDMG specializes in marketing, advertising, and public awareness across various sectors, including mining and metals.

Pursuant to a work order dated May 16, 2025 (the “Agreement”), the Company has retained CDMG’s for a one-time fee of approximately US$129,800. The Agreement represents a creative budget for marketing and advertising services (the “Services”), enabling CDMG to begin preparing content that may be used in future campaigns. No specific marketing campaign has been prepared, approved, or scheduled at this time. The engagement is subject to the approval of the TSX Venture Exchange.

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Isabelle Lépine, M.Sc., P.Geo., Apollo’s Director, Mineral Resources. Ms. Lépine is a registered professional geologist in British Columbia and a QP as defined by NI 43-101 and is not an independent of the Company.

About Apollo Silver

Apollo Silver has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy, President and CEO

For further information, please contact:

Amandip Singh, VP Corporate Development
Telephone: +1 (604) 428-6128
Email: info@apollosilver.com

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 Statement Regarding “Forward-Looking” Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation the expected benefits and strategic rationale of the Mule claims acquisition; the timing, scope, and success of planned exploration activities, including mapping, sampling, and drilling at the Burcham prospect; the potential for silver, gold, and copper mineralization; and the Company’s ability to advance, develop, and permit the Calico Project. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and Ba; the demand for silver, gold and Ba; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

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Uvre to Acquire Highly Prospective Gold Exploration Projects in New Zealand

Uvre Limited (ASX: UVA) (the Company or Uvre) is pleased to announce that highly regarded mining entrepreneurs Norman Seckold and Peter Nightingale will be appointed non-executive directors of Uvre with effect from settlement of the acquisition by the Company of 100% of the issued share capital of MEL (Acquisition). Norman Seckold and Peter Nightingale will emerge with 16.5% and 1.3% respective stakes in the Company upon settlement of the Acquisition and Equity Raise.


Highlights

  • Uvre has signed a binding agreement to acquire 100% of the fully paid ordinary shares in the capital of Minerals Exploration Limited (MEL) from the shareholders of MEL (Vendors). MEL’s wholly owned subsidiary is New Zealand gold explorer Otagold Limited (Otagold).
  • Highly regarded mining executives Norman Seckold and Peter Nightingale, who are major shareholders of MEL, will join Uvre as Non-executive Directors.
  • Norman Seckold was previously Chairman of the New Zealand gold developer Santana Minerals (ASX:SMI) and is currently Chairman of Alpha HPA (ASX:A4N), Nickel Industries (ASX:NIC), Fulcrum Lithium (ASX:FUL) and Sky Metals (ASX:SKY).
  • Subject to receipt of Shareholder approval, Uvre will issue 75 million fully paid ordinary shares in the capital of Uvre (Shares) at a deemed issue price of 8c per Share for a total of $6.0 million as the full consideration to the Vendors, including Mr Seckold who is the largest shareholder of MEL.
  • The acquisition of MEL is subject to completion of several conditions precedent, including due diligence on MEL, Otagold and the permits held by Otagold. The acquisition is also contingent on Uvre raising at least $4.0 million in a single tranche share placement at 8c per Share, to be lead managed by Bell Potter Securities Ltd (Equity Raise). The Equity Raise will be subject to shareholder approval.
  • Firm commitments have been secured for the $4.0m Equity Raise following a well-supported bookbuild, including incoming directors Norman Seckold ($500,000) and Peter Nightingale ($100,000) subject to shareholder approval.
  • Otagold holds a 100% interest in three exploration permits, one prospecting permit and one prospecting permit application in New Zealand covering 332sqkm of highly prospective ground (the Permits).
  • Otagold’s flagship asset is the Waitekauri Gold Project located 8km west of OceanaGold Corporation’s Waihi gold mine (10Moz) on New Zealand’s North Island; Waitekauri also sits adjacent to three other +1Moz Au deposits.
  • Extensive gold mineralisation and numerous drilling targets already identified at Waitekauri, which had historical production grade of 48g/t Au+Ag.
  • Uvre has executed a binding Share Sale Agreement (SSA) with the Vendors, MEL and Otagold with due diligence well advanced; Uvre will shortly call a shareholder meeting to approve the transaction, expected to be around the end of June 2025.

Uvre Executive Chairman Brett Mitchell said:

“This transaction is an exceptional opportunity for Uvre on several levels.

“Norm and Peter will bring a wealth of knowledge and experience in the resources business, along with a track record of creating substantial shareholder value through resource asset exploration and proįect development.

“The Otagold proįects led by Waitekauri have compelling gold exploration upside in a tier-one įurisdiction, as shown by the extensive mineralisation and drilling targets already identified.

“The combination of Norman’s well-known record in building successful mining proįects combined with the talented Uvre team, the immense exploration upside at these proįects and the strong financial position which will follow the placement will leave Uvre very well-placed to create significant value”.

Norman Seckold said:

“This transaction will enable Uvre to unlock what we believe is the substantial value of these proįects.

“We will have the assets, the team, the experience and the financial strength to conduct the immediate exploration programs which will maximise our ability to create value.

“The work we have already done on the proįects shows they are highly prospective and with the support of the Uvre team and access to capital, we can take them to the next level with the aim of building substantial gold inventories in a tier one location”.

Otagold Projects Summary

Otagold holds a 100% interest in three exploration permits, one prospecting permit and one prospecting permit application on New Zealand’s North and South Islands, covering 332km2 of highly prospective ground.

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