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

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

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

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

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

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

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

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

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

This post appeared first on FOX NEWS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

This post appeared first on FOX NEWS

House Democrats are ready to go to war to save enhanced Obamacare subsidies that are set to expire at the end of this year, even if it means risking a partial government shutdown.

Democrats and some moderate House Republicans have been sounding the alarm about the expiring healthcare subsidies for weeks, a fight that’s now coming to a head as the Senate is poised to vote on a short-term federal funding bill called a ‘continuing resolution’ (CR) aimed at keeping the government funded through Nov. 21.

House Democrats held an in-person caucus meeting on Capitol Hill Monday night to paint a contrasting image with House Republicans who are home in their districts during a potential shutdown.

‘One, yes, we should get it done in this CR,’ Rep. Jim Himes, D-Conn., told Fox News Digital after the meeting when asked if getting the subsidies included was worth risking a potential shutdown. ‘The Republicans in the last 20 years have asked for policy goal after policy goal in this similar situation.’

‘And number two, we need some commitments that if we sign up for a budget, the budget will actually be observed,’ he added.

Both Himes and Rep. Rosa DeLauro, D-Conn., the top Democrat on the House Appropriations Committee, referenced earlier comments by senior appropriator Rep. Steve Womack, R-Ark., to Politico, questioning why Democrats would join the GOP in funding negotiations given the Trump administration’s propensity for cutting spending that Congress agrees on.

DeLauro told reporters after the meeting that Republicans ‘absolutely’ needed to deliver on Obamacare, formally known as the Affordable Care Act (ACA), in written legislation.

‘Why should we believe them if it’s not in legislation?’ she asked.

DeLauro said earlier, ‘We certainly don’t want to shut down. We’ve said that all along, and all we need is good, bipartisan cooperation. That’s what’s necessary. We’ve been able to do that before, I anticipate we ought to be getting there now. And all this is about is affordability, affordability of health care costs.’

Other House Democrats who spoke with Fox News Digital did not directly say the subsidies were worth risking a shutdown, but argued they needed to be addressed immediately.

‘Healthcare costs are skyrocketing, and so look, I mean, to not address that reality is political malpractice. Congress has an obligation to do something, and we have to do something now. We’re here in Washington because we want to fix the problem. Republicans aren’t here,’ Rep. Jim McGovern, D-Mass., said.

‘It’s about whether people continue to afford to have adequate healthcare…this is a big issue, and this is a fight the American people, I think, are on our side on.’

Rep. Greg Landsman, D-Ohio, said when asked if the subsidies were worth risking a shutdown now, ‘I think this will be [President Donald Trump’s] shutdown, because he’s not just the president, but for his entire second term, he has tried to give everyone the impression that he is all powerful. And that does come at a cost.’

‘[Republicans] could extend these tax credits that are very popular and necessary at a time with rising costs, by simply sitting down and negotiating with us,’ Landsman said.

Rep. Eugene Vindman, D-Va., pointed out that ‘notices are supposed to go out as early as Wednesday that ACA tax credits are going away.’

‘The Democrats are happy to support any bill that would protect Americans’ healthcare, our education, and we’re ready to vote. We’re here working right now, Republicans aren’t here,’ Vindman said.

Already existing ACA subsidies were increased dramatically during the COVID-19 pandemic under former President Joe Biden. 

And while the credits were meant as a temporary expansion, they’ve since become a political lightning rod with healthcare premiums poised to rise for millions of Americans.

There have been some conversations about limiting the income brackets eligible for those enhanced subsidies, while conservatives have pushed for them to be eliminated altogether.

House and Senate GOP leaders have signaled they would be willing to have those discussions later this year and are accusing Democrats of trying to jam partisan demands into a seven-week government funding bill.

While House Democrats appear united on the matter, however, it’s the Senate that is pivotal in the current equation. 

The House passed the CR largely along party lines earlier this month, and it’s now on the Senate to advance the measure before midnight on Oct. 1 to avert a shutdown.

But even Senate Minority Leader Chuck Schumer, D-N.Y., signaled on Monday evening that Democrats would hold firm.

‘They say give us 45 days. Since March, we’ve had 45 days and 45 days and 45 days and 45 days. We asked to meet earlier, they didn’t want to,’ Schumer told reporters. ‘So we think when they say later, they mean never. We have to do it now, first because of the timing issue, and second, because now is the time we can get it done.’

This post appeared first on FOX NEWS

American companies have won a record $170 billion in foreign government contracts since President Donald Trump returned to office, the Department of Commerce announced Tuesday. 

The deals amount to 98 contracts and are expected to generate $144 billion in U.S.-manufactured exports and support nearly 600,000 American jobs, according to the International Trade Administration (ITA), the Commerce Department’s arm for trade and exports. 

The total dwarfs the $12 billion in contracts signed during the same period in 2021 under former President Joe Biden. 

The aerospace and defense sector took the lion’s share, securing $153 billion in signed contracts. Other deals included about $5 billion in nuclear, oil and gas projects, $800 million in information technology, and more than $600 million in safety and security equipment. 

Commerce officials said the latest tally underscores a renewed focus to prioritize U.S. industry and competitiveness abroad. 

‘The record-breaking U.S. business wins under President Trump’s leadership reflect an unwavering commitment to rebuilding U.S. industry for the American worker,’ Commerce Secretary Howard Lutnick said in a statement.

‘With record business deals abroad, America is strong again, and together with the American worker, President Trump is transforming the U.S. economy, rebalancing our global trade and restoring America’s place in the world,’ he added.

The deals are driven in part by the ITA’s Advocacy Center, a Commerce Department team that helps U.S. companies compete for foreign government contracts by ensuring bids are judged on merit.

‘In the first nine months of the Trump administration, ITA advocacy has worked tirelessly to win contracts to support hundreds of thousands of American jobs,’ said Under Secretary of Commerce William Kimmitt. 

‘We will continue to be an unrelenting advocate around the world in support of American workers,’ he added.

This post appeared first on FOX NEWS

House Democrats made a last-ditch effort to pass their own government funding proposal on Tuesday, which was quickly scuttled by the GOP.

Democrats are pushing a short-term extension of the current federal funding levels — called a continuing resolution (CR) — through Oct. 31, which also includes a host of left-wing policy riders derided by Republicans as non-starters.

With the deadline to avert a government shutdown less than 12 hours away, Democrat lawmakers gathered on the House floor with the intent of calling for unanimous consent to pass their bill. 

It takes just one House Republican to block such a move, which appears to be what Rep. Warren Davidson, R-Ohio, was poised to do. Dozens of Democrats, meanwhile, were gathered on the House floor to await the move.

But the Republican designated to run the floor for the day, Rep. Morgan Griffith, R-Va., ignored their yells of ‘Mr. Speaker.’ He instead gaveled out the House’s brief session without acknowledging them at all.

Sparse chants of ‘shame on you’ could be heard from Democrats after the session ended.

Under rules dictated by the Constitution, the chamber must meet for brief periods every few days called ‘pro forma’ sessions to ensure continuity, even if there are no formal legislative matters at hand.

Pro forma sessions can also be opportunities for lawmakers to give brief speeches or introduce legislation that they otherwise would not have. 

The House passed a GOP-led CR largely along party lines earlier this month. It would keep current government funding levels roughly flat until Nov. 21 to give Congress more time to strike a deal on fiscal year 2026 spending levels.

The measure is free from other policy riders, save for about $88 million toward enhanced security for lawmakers, the White House and the judicial branch — which has bipartisan support.

But Democrats, furious at being sidelined in those government funding discussions, are calling for both an extension of COVID-19 pandemic-era Obamacare subsidies and an end to Republicans’ recent Medicaid cuts in exchange for their support.

Their CR proposal would have reversed those Medicaid changes and restored federal funding to NPR and PBS that Republicans cut earlier this year.

Republicans, including President Donald Trump, have accused Democrats of making unreasonable partisan demands while holding federal government operations hostage in the process.

The House-passed CR is expected to be considered in the Senate later on Tuesday, where at least some Democrat support is needed to meet the 60-vote threshold to overcome a filibuster.

The government will likely enter into a partial shutdown at midnight if that legislation fails.

This post appeared first on FOX NEWS

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

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

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

Company Highlights

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

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

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

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

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

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

Company Highlights

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

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

Click here to connect with Copper Quest Exploration (CSE:CQX) to receive an Investor Presentation

This post appeared first on investingnews.com

Investor Insight

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

Overview

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

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

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

Company Highlights

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

Key Projects

Galaxy Gold Mine

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

Snapshot of Galaxy Gold Mine Operations

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

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

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

Summit Gold-Silver Mine and Banner Mill

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

Summit Mine and Banner Mills snapshot

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

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

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

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

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

Management Team

Ravi Sood – Chairman and CEO

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

Andrew Bishop – Chief Financial Officer

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

Wayne Hatton Jones – Chief Operating Officer

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

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

Key Objectives of the Program

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

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

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

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

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

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

Methodology of the Metallurgical Testwork Program

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

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

Qualified Person

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

About Soutex

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

About Cadillac Project

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

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

About Cartier Resources Inc.

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

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

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

News Provided by GlobeNewswire via QuoteMedia

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(TheNewswire)

GRANDE PRAIRIE, AB, (September 30, 2025): – TheNewswire – Angkor Resources Corp. (TSXV: ANK and OTC: ANKOF) (‘Angkor’ or ‘the Company’) announces its energy subsidiary, EnerCam Resources Co. Ltd. (Cambodia) (‘EnerCam’) has completed the onshore 350-line kilometer 2D seismic program on Block VIII, including the newly added area of Mussel Basin.

The seismic program is the first onshore seismic for the Kingdom of Cambodia since preliminary lines were shot in 2008 and in 2013.   The Company contracted and used EnviroSeis equipment for low impact and high data coverage.  The seismic program covered areas across the four provinces of Sihanoukville, Kampong Speu, Koh Kong and Kampot.

President of EnerCam, Mike Weeks commented on the program, ‘We are so impressed with the quality of work from our local staff, who worked through some less than optimal weather conditions to help facilitate acquiring this valuable data.   We will be completing a preliminary assessment of the data as it becomes available and then a secondary assessment to hopefully define drill targets.’

Processing and interpretation of the data from the 350-line kilometers will occur over several months by multiple parties and is expected to arrive in segments as each seismic line is processed.

Full length of the program was 47 days, starting at 5:00 am daily with standard safety and tailgate meetings and then crews deployed for three rotational activities, namely:

  • to go ahead of vibration units to place geophones and data recorders along designated paths;

  • to go sweep an area already installed with recorders and geophones with vibration units; and

  • to go behind the areas of completed sweeps and pick up recorders and geophones to deploy to the next proposed line.

A team of 53 people participated in training and then worked 12-hour days, seven days per week to accomplish the program.   Of the personnel, 13 Thai came in as part of the contracted team and the remaining 40 were Khmer people, the majority of which were from local villages and 12 of them were trainees from the Institute of Technology in their 4 th or 5 th year of their geoscience studies.

Keith Edwards, Technical Manager for EnerCam, had these words, ‘We have seen the preliminary processing (brute stack) for 9 of the 24 lines and can already see a broad, closed structure with some parallel beds and some more complex stratigraphy with amplitude bright spots.  With no wells we won’t know for sure what formations we are dealing with until we drill.  We have acquired the data in such a manner to get ‘extra’ coverage by having live receivers on nearby parallel lines.  This gives us additional coverage in key areas that we hope will allow us to see the complex reflectors in map view. as a ‘poor mans 3D’.  The figure below shows the midpoint density map without and with recording on nearby lines.’

Click Image To View Full Size


Click Image To View Full Size

Figure 2 Outline of Block VIII with red seismic lines completed in the program and the additional Mussel Basin outlined in the northeast section.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.  The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.  The license was reduced to roughly half the size with the Company’s voluntary removal of all parks and protected areas in March 2025 and 220 square kilometers were added in August 2025; making the license a current area of 4277 square kilometers.  Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.

CONTACT: Delayne Weeks – CEO

Email: info@angkorresources.com Website: angkor resources.com

Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

Certain information set out in this news release constitutes forward-looking information within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘hope’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘scheduled’, ‘believe’ and similar expressions. The forward- looking information set out in this news release relates to future events or our future performance and includes, without limitation statements concerning the Shares for Debt Transaction, Angkor’s ability to obtain all necessary approvals in respect of the Shares for Debt Transaction and the participation of certain insiders and management in the Shares for Debt Transaction.

Although the forward-looking information contained in this news release is based upon what management of Angkor believes are reasonable assumptions on the date of this news release, Angkor cannot assure readers that actual results will be consistent with such forward-looking information. Forward-looking information involves substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those expressed or implied by such forward looking information, including without limitation those risks and uncertainties described in more detail in Angkor’s securities filings available at www.sedarplus.ca . Forward-looking information should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.

The forward-looking information contained in this news release is provided as of the date hereof. Angkor disclaims any intention or obligation to update or publicly revise any forward–looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. All forward-looking information contained in this news release is expressly qualified in its entirety by the foregoing cautionary statements.

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


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