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Opawica Explorations Inc.

December 19th, 2024 TheNewswire – Vancouver, B.C. Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the ‘Company’ or ‘Opawica’) a Canadian mineral exploration company focused on precious and base metal projects, is pleased to announce that select members of it exploration personnel has been mobilized to conduct field work at the Bazooka Gold Project (‘Bazooka’) in the Abitibi gold camp in Quebec, Canada.

Specifically, the company has deployed an advanced team, consisting of a Quebec-registered geologist and an assistant to Bazooka. Their mission is to map access routes and finalize drill locations for at least 20 high-priority gold targets previously identified in the area, in preparation for an upcoming drilling campaign. The crew will further scout locations where secondary or alternate drill sites may be considered.

In recognition of the milestone, Blake Morgan, CEO of the Company stated: ‘This is an important step in advancing the Bazooka property as we await final drill permit approval. This preparation will enable us to mobilize quickly, ensuring we are ready to begin drilling as efficiently and quickly as possible once the permits have been granted. With drill permits already approved on the Arrowhead Project the team feel permits are very close regarding the Bazooka Property.’

Opawica’s Bazooka property is adjacent to Yamana Gold’s Wasamac property, which hosts a proven gold resource of 1,767,000 oz. Other major gold mining companies, including Agnico Eagle Mines, are also located within close proximity * . Previous drilling campaigns from 2003 to 2005 found extensive evidence of gold bearing minerals on the property. Gold concentrations reached up to 316.23 grams per tonne over a 1-meter section in Hole #BA-03-02A.


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The variations in gold content highlight the potential richness of the gold present within the minerals found during these exploration efforts. Opawica intends to drill these promising areas using the latest survey technology .

Mr. Yvan Bussieres, P.Eng., is the qualified person for Opawica Explorations and approves the technical content of this news release. *Mineralization on adjacent Projects are not necessarily indicative of the Mineralization on Bazooka Property

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 236-878-4938

www.opawica.com

info@opawica.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy

of this news release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Copyright (c) 2024 TheNewswire – All rights reserved.

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This post appeared first on investingnews.com

AgTech Company highlights recent 100% purchase of Hemp Carbon Standard platform to advance industrial hemp carbon credits global market opportunity

Hempalta Corp. (TSXV: HEMP) (‘Hempalta’ or the ‘Company’) has released its financial results for the year ended September 30, 2024. Hempalta’s audited consolidated financial statements (the ‘Financial Statements’) and related management’s discussion and analysis (the ‘MD&A’) for the twelve months ended September 30, 2024 are available on www.sedarplus.ca.

Annual Financial Results

  • Revenue for the twelve months ended September 30, 2024 was $539,727, a 24% increase compared to the same period in 2023. The increase resulted from greater production and expanded distribution channels.
  • Cost of sales for the twelve months ended September 30, 2024 was $885,204, a 44% increase compared to the same period in 2023. Contributing factors included the costs associated with scaling up operations to handle increased sales, such as higher freight costs, online sales platform fees, production supply costs, maintenance, and repair costs. In addition, there was an approximate $136,000 inventory write-down due to stale and damaged inventory that is in the process of being converted to biochar.
    • Net general and administrative expenses for the twelve months ended September 30, 2024 increased 69% compared to the same period in 2023. The increase is primarily due to higher filing and listing fees and accounting and legal costs related to the going public process and the acquisition of a controlling interest in HCS.
    • At September 30, 2024, the Company had cash of $726,514 and working capital of $712,072.

    Full Ownership of Hemp Carbon Credits Platform

    In December 2024, Hempalta acquired the remaining 49.9% interest in HCS, solidifying 100% ownership of the hemp-focused carbon credit platform. Building on the initial acquisition of a 50.1% stake in May 2024, the completed purchase significantly strengthens Hempalta’s commitment to sustainable business practices.

    With full operational control of HCS’s proprietary methodologies and verification processes, the Company will work to scale its global sustainability payment program, empowering industrial hemp farmers to capitalize on regenerative cultivation methods. This integration positions Hempalta to deliver premium-quality carbon credits efficiently to corporate buyers, while positioning itself as a boutique hemp carbon credit supplier in the evolving voluntary carbon market.

    The demand for carbon credits is increasing as companies seek to reduce their carbon footprint and mitigate climate change. Industrial hemp possesses the capacity to absorb substantial amounts of carbon dioxide (‘CO2‘) during its rapid growth cycle. HCS has been a pioneer in the generation of carbon credits derived from the industrial hemp crop life cycle.

    HCS’s precision quantification methodology leverages cutting-edge remote sensing technology, ensuring the accurate measurement of CO2 removal within the biomass of the industrial hemp crop and associated topsoil. This approach guarantees transparency and integrity in carbon accounting and helps corporate buyers of HCS carbon credits to achieve their sustainability goals. By participating in the voluntary carbon market, industrial hemp farmers can diversify their revenue streams and make meaningful contributions to climate change mitigation.

    Outlook

    Darren Bondar, Hempalta’s President and Chief Executive Officer, said, ‘Our activity the past year has been focused on taking the company public for our investors and determining the best revenue-generating opportunities related to industrial hemp. To that end, we’ve achieved 100% ownership of a global hemp carbon credit platform that enables us to seek out new markets worldwide and participate in the growing carbon credit marketplace. Full ownership means we can now streamline operations, strengthen our technology platform, and provide value to our partners and investors through a low capex, highly scalable platform that enables farmers and corporate buyers to reduce their carbon footprints.’

    Investor Updates

    Investors can stay updated on Hempalta’s investor announcements by subscribing to our mailing list. Click here to subscribe and join our community as we advance towards a greener future.

    About Hempalta

    Hempalta Corp. (TSXV: HEMP) is a publicly traded agricultural technology company listed on the TSX Venture Exchange, focused on harnessing the immense potential of hemp.

    Hempalta participates in the global hemp carbon credit industry through its 100% ownership of Hemp Carbon Standard Inc. The Company also utilizes advanced agricultural technology to process industrial hemp at scale with resulting products made from hemp grown sustainably in Alberta and processed through a state-of-the-art processing plant at its production facility in Calgary, Alberta.

    The Company is led by passionate advocates for industrial hemp who have years of operations, manufacturing, marketing, consumer packaged goods, and retail sales experience. Hempalta has been named a Top 10 Startup by Platform Calgary’s Launch Party and recognized as one of the 50 most investable clean technology companies by Foresight Canada. Learn more at www.hempalta.com.

    HEMP TO BETTER THE PLANET™

    For more information, please contact:

    Darren Bondar
    Chief Executive Officer

    Hempalta Corp.
    1560 Hastings Crescent SE, Calgary, AB T2G 4E1
    Web:
    https://www.hempalta.com/
    Email: info@hempalta.com

    Sales or partner opportunities:
    Cecil Horwitz
    Business Development
    cecil.horwitz@hempalta.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 press release.

    Forward-Looking Information

    This news release contains statements and information that, to the extent that they are not historical fact, may constitute ‘forward-looking information’ within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as ‘will’, ‘expected’, ‘plans’, ‘enable’ and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes, but is not limited to, statements regarding: the benefits of the acquisition of the remaining 49.9% interest in HCS; the Company’s plans with respect to the HCS platform, including the scaling of such program; the demand for carbon credits increasing; industrial hemp farmers being able to diversify their revenue streams by participating in the Voluntary Carbon Market; and the Company adding a global hemp carbon credit platform that enables it to seek out new markets worldwide and participate in the growing carbon credit market place. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the ability of the Company to successfully implement its strategic plans and initiatives and the expected benefits therefrom; the anticipated benefits of the HCS acquisition; the ability of farms and sites currently signed up by HCS to grow hemp; and the ability of HCS to sell carbon removal credits through the Voluntary Credit Market. Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Actual results may vary from those currently anticipated due to a number of factors and risks including, but not limited to: the risk that the benefits from the HCS acquisition will not be as anticipated; risks associated with general economic conditions; conditions in the carbon credit markets; adverse industry events; the risk that farms and sites currently signed up by HCS will not grow or be able to grow industrial hemp as anticipated or at all; the risk that HCS may not be able to sell carbon removal credits as anticipated or at all; adverse weather conditions affecting the growth of hemp; future legislative, tax and regulatory developments; and the ability of management to execute its business strategy, objectives and plans. The forward-looking information included in this news release is made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise, except as required by applicable law.

    NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234345

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    President Biden announced an audacious goal for America to reduce its carbon emissions by two thirds with barely weeks left in his administration.

    Biden’s White House announced the new goal in a public statement. It calls for the U.S. to massively reduce its carbon emissions by 2035, invoking the Paris Agreement.

    ‘Today, as the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions,’ the White House wrote.

    ‘It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. In connection with this announcement, the United States is making a formal submission of this new target to the United Nations Climate Change secretariat as its next NDC under the Paris Agreement,’ the statement continued.

    President-elect Trump withdrew the U.S. from the Paris Agreement soon after entering office in his first term. Biden then re-entered the U.S. into the treaty. Trump has not said whether he plans to once again remove the U.S. from the plan, which calls on global powers to self-impose climate reforms.

    Trump reportedly plans to install an ‘energy czar’ to scale back energy and climate regulations implemented under the Biden administration.

    Six sources familiar with Trump’s transition team told the New York Times last month that a series of executive orders and presidential proclamations have been drafted related to climate and energy, aimed at rolling back Biden-era clean energy regulations that some critics argue have hurt the economy. 

    Other plans Trump and his transition team are reportedly discussing include installing an ‘energy czar’ to help cut regulations on domestic energy production and potentially moving the Environmental Protection Agency’s (EPA) headquarters outside of Washington, D.C.

    ‘The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail,’ Trump-Vance transition spokeswoman Karoline Leavitt told Fox News Digital when asked to confirm the details about Trump’s reported plans. ‘He will deliver.’

    Fox News’ Alec Schemmel contributed to this report.


    This post appeared first on FOX NEWS

    : President-elect Donald Trump reacted to the Georgia Court of Appeals decision to disqualify ‘corrupt’ Fulton County District Attorney Fani Willis, telling Fox News Digital that the case ‘is entirely dead’ and that the ‘wonderful patriots who have been caught up in this for years’ should ‘receive an apology.’ 

    The Georgia Court of Appeals on Thursday disqualified Willis from prosecuting Trump and co-defendants in her election interference case. 

    The court did not toss the indictment but declared that Willis and her team now have ‘no authority to proceed.’ 

    In an exclusive interview with Fox News Digital, Trump said the ‘whole case has been a disgrace to justice.’ 

    ‘It was started by the Biden DOJ as an attack on his political opponent, Donald Trump,’ he said, ‘They used anyone and anybody, and she has been disqualified, and her boyfriend has been disqualified, and they stole funds and went on trips.’ 

    Trump said the case ‘should not be allowed to go any further.’ 

    ‘There is no way such corrupt people can lead a case, and then it gets taken over by somebody else,’ Trump told Fox News Digital. ‘It was a corrupt case, so how could it be taken over by someone else?’ 

     ‘The case has to be thrown out because it was started corruptly by an incompetent prosecutor who received millions of dollars through her boyfriend — who received it from her — and then they went on cruises all the time,’ Trump said, referring to Willis’ relationship with a former prosecutor on her team, Nathan Wade. 

    ‘Therefore, the case is entirely dead,’ Trump said. ‘Everybody should receive an apology, including those wonderful patriots who have been caught up in this for years.’

    Willis’ office did not immediately respond to Fox News Digital’s request for comment.


    This post appeared first on FOX NEWS

    HIGHLIGHTS

    • BBM trend now extends over 15km, from Awalé’s 100%-owned Fremen target in the south to the Boba and Fett targets in the north.
    • Boba and Fett have been defined along strike from BBM, highlighting the fertile and open BBM trend.
    • 150 line-km of Induced Polarization (‘IP’) geophysics is planned to cover the entire BBM trend and is scheduled for completion in January.
    • An additional up to 7,000 metre drill program will begin in February following the completion of these IP surveys.

    Awalé Resources Limited (TSXV: ARIC) (‘Awalé’ or the ‘Company’) is pleased to announce a significant expansion of the BBM gold trend to over 15 kilometres (‘km’). This underscores the potential of the BBM trend, which now extends from the 100%-owned Fremen target in the south to the newly defined Boba and Fett targets in the north. These newly identified targets highlight the potential of this highly prospective region, and with active drilling underway and a large-scale IP geophysical survey planned, the Company is on the path of defining this new district. The upcoming survey aims to refine targets for a 7,000-metre reverse circulation drill campaign, setting the stage for optimized exploration on the BBM trend.

    ‘The new Boba and Fett targets complement the recently announced Fremen footprint on our 100%-owned Awalé permit – The fertile BBM structure continues to reveal multiple gold-in-soil anomalies, with the trend now extending over 15 kilometres. The upcoming IP survey will help refine drill targets and guide the design of a focused drill program for the new year, with up to 7,000 metres of reverse circulation drilling along this highly prospective structure. We are thrilled to begin drilling on our 100%-owned property, a much-anticipated milestone for Awalé, as we simultaneously continue to progress the BBM and Charger targets,’ commented Andrew Chubb, CEO of Awalé Resources.

    View Video of CEO Andrew Chubb’s discussion of these new targets

    Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/12/234447_f34bfc702420da9e_002-1.jpg

    Figure 1: The 15km-Long BBM Shear – A 15km trend with Fremen to the south, BBM, and the new Boba and Fett targets to the north. See Figure 2 for Inset A.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10016/234447_f34bfc702420da9e_002full.jpg

    Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/12/234447_f34bfc702420da9e_003-1.jpg

    Figure 2: The Boba and Fett Targets – Gold in soil and termite mound sampling combined.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10016/234447_f34bfc702420da9e_003full.jpg

    Detailed soil and termitaria sampling over the Boba and Fett targets defined two > 15 parts per billion (‘ppb’) gold-in-soil anomalies, with high-order core anomalies at > 41ppb gold and peak values of 655 parts per million (‘ppm’) and 1350ppm respectively. Lines are now being cleared for commencement of an IP geophysics survey, which when complete will cover the entirety of the trend from the 100%-owned Fremen target (see October 22, 2024 news release) through to the Boba and Fett targets.

    A change in the regolith regime moving northward from BBM has been observed, where outcrop diminishes, and laterite starts to form a thin veneer over the underlying geology. This veneer is variable and is reflected in the tenor of the anomalies. This also results in a smaller number of termite mounds to sample and a significant portion of these anomalies are from soil sampling (Table 1).

    Table 1: Summary Statistics for Gold in Geochemistry by Sample Type

    Count Min Max Mean Med. SD 25th 50th 75th 90th 95th 98th
    Fett
    Soil 867 -1 655 16.8 5 48.2 1.0 5.0 15.0 32.4 54.7 123.4
    Termite 168 -1 196 8.2 4 19.4 2.0 4.0 7.0 13.0 22.3 54.6
    Boba
    Soil 845 -1 1350 18.0 10 56.4 6.0 10.0 16.0 29.0 45.8 97.7
    Termite 174 0 412 7.9 3 32.4 2.0 3.0 7.0 11.0 19.4 31.0
    Fremen
    Soil 623 0.5 465 12.1 2 28.9 0.5 2.0 14.0 32.0 53.0 92.1
    Termite 320 0 1180 10.8 1 67.6 0.5 1.0 4.0 25.0 48.1 66.0

     

    About Awalé Resources

    Awalé is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of Côte d’Ivoire, where the Company is focused on the Odienné Copper-Gold Project (‘Odienné‘ or the ‘Project‘), covering 2,489 km2 across seven permits. This includes 796 km2 in two permits held under the Awalé-Newmont Joint Venture (‘OJV’). Awalé manages all exploration activities over the OJV, with funding provided by Newmont Joint Ventures Limited (‘Newmont‘) (see May 31, 2022 news release).

    Awalé has discovered four gold, gold-copper, and gold-copper-silver-molybdenum discoveries within the OJV and has recently commenced exploration on its 100%-owned properties following an $11.5 million capital raise in April 2024.

    The Odienné Project is underexplored and has multiple pipeline prospects with similar geochemical signatures to Iron Oxide Copper Gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The Company benefits from a skilled and well seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.

    Quality Control and Assurance

    Analytical work for geochemistry samples is being carried out at the independent Intertek Laboratories in Ghana and Australia, an ISO 17025 (2017) Certified Laboratory. Samples are prepared and stored at the Company’s field camps and put into sealed bags until collected by Intertek from the Company’s secure Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Côte d’Ivoire, for preparation. Samples are logged in the tracking system, weighed, dried, and pulverized to greater than 85%, passing a 75-micron screen. Two pulps are prepared from each sample with one stream to Intertek Ghana for fire assay and a second to Australia where the sample is analyzed by 52 element ICP/MS with an Aqua Regia digest. Blanks, duplicates, and certified reference material (standards) are being used to monitor laboratory performance during the analysis.

    Qualified Person

    The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the Company’s Qualified Person as defined by National Instrument 43-101. Mr. Chubb is the Company’s Chief Executive Officer and holds an Economic Geology degree, is a Member of the Australian Institute of Geoscientists (AIG), and is a Member of the Society of Economic Geologists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.

    AWALÉ Resources Limited
    On behalf of the Board of Directors

    ‘Andrew Chubb’
    Chief Executive Officer

    FOR FURTHER INFORMATION, PLEASE CONTACT:
    Andrew Chubb, CEO
    (+356) 99139117
    a.chubb@awaleresources.com

    Ardem Keshishian, VP Corporate Development
    +1 (416) 471-5463
    a.keshishian@awaleresources.com

    The Company’s public documents may be accessed at www.sedarplus.com. For further information on the Company, please visit our website at www.awaleresources.com.

    Forward-Looking Information

    This press release contains forward-looking information within the meaning of Canadian securities laws (collectively ‘forward-looking statements’). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company’s presence in Côte d’Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont JV, works on other properties, planned drilling, commencement of operations. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

    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.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234447

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

    HIGHLIGHTS

    • BBM trend now extends over 15km, from Awalé’s 100%-owned Fremen target in the south to the Boba and Fett targets in the north.
    • Boba and Fett have been defined along strike from BBM, highlighting the fertile and open BBM trend.
    • 150 line-km of Induced Polarization (‘IP’) geophysics is planned to cover the entire BBM trend and is scheduled for completion in January.
    • An additional up to 7,000 metre drill program will begin in February following the completion of these IP surveys.

    Awalé Resources Limited (TSXV: ARIC) (‘Awalé’ or the ‘Company’) is pleased to announce a significant expansion of the BBM gold trend to over 15 kilometres (‘km’). This underscores the potential of the BBM trend, which now extends from the 100%-owned Fremen target in the south to the newly defined Boba and Fett targets in the north. These newly identified targets highlight the potential of this highly prospective region, and with active drilling underway and a large-scale IP geophysical survey planned, the Company is on the path of defining this new district. The upcoming survey aims to refine targets for a 7,000-metre reverse circulation drill campaign, setting the stage for optimized exploration on the BBM trend.

    ‘The new Boba and Fett targets complement the recently announced Fremen footprint on our 100%-owned Awalé permit – The fertile BBM structure continues to reveal multiple gold-in-soil anomalies, with the trend now extending over 15 kilometres. The upcoming IP survey will help refine drill targets and guide the design of a focused drill program for the new year, with up to 7,000 metres of reverse circulation drilling along this highly prospective structure. We are thrilled to begin drilling on our 100%-owned property, a much-anticipated milestone for Awalé, as we simultaneously continue to progress the BBM and Charger targets,’ commented Andrew Chubb, CEO of Awalé Resources.

    View Video of CEO Andrew Chubb’s discussion of these new targets

    Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/12/234447_f34bfc702420da9e_002.jpg

    Figure 1: The 15km-Long BBM Shear – A 15km trend with Fremen to the south, BBM, and the new Boba and Fett targets to the north. See Figure 2 for Inset A.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10016/234447_f34bfc702420da9e_002full.jpg

    Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/12/234447_f34bfc702420da9e_003.jpg

    Figure 2: The Boba and Fett Targets – Gold in soil and termite mound sampling combined.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10016/234447_f34bfc702420da9e_003full.jpg

    Detailed soil and termitaria sampling over the Boba and Fett targets defined two > 15 parts per billion (‘ppb’) gold-in-soil anomalies, with high-order core anomalies at > 41ppb gold and peak values of 655 parts per million (‘ppm’) and 1350ppm respectively. Lines are now being cleared for commencement of an IP geophysics survey, which when complete will cover the entirety of the trend from the 100%-owned Fremen target (see October 22, 2024 news release) through to the Boba and Fett targets.

    A change in the regolith regime moving northward from BBM has been observed, where outcrop diminishes, and laterite starts to form a thin veneer over the underlying geology. This veneer is variable and is reflected in the tenor of the anomalies. This also results in a smaller number of termite mounds to sample and a significant portion of these anomalies are from soil sampling (Table 1).

    Table 1: Summary Statistics for Gold in Geochemistry by Sample Type

    Count Min Max Mean Med. SD 25th 50th 75th 90th 95th 98th
    Fett
    Soil 867 -1 655 16.8 5 48.2 1.0 5.0 15.0 32.4 54.7 123.4
    Termite 168 -1 196 8.2 4 19.4 2.0 4.0 7.0 13.0 22.3 54.6
    Boba
    Soil 845 -1 1350 18.0 10 56.4 6.0 10.0 16.0 29.0 45.8 97.7
    Termite 174 0 412 7.9 3 32.4 2.0 3.0 7.0 11.0 19.4 31.0
    Fremen
    Soil 623 0.5 465 12.1 2 28.9 0.5 2.0 14.0 32.0 53.0 92.1
    Termite 320 0 1180 10.8 1 67.6 0.5 1.0 4.0 25.0 48.1 66.0

     

    About Awalé Resources

    Awalé is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of Côte d’Ivoire, where the Company is focused on the Odienné Copper-Gold Project (‘Odienné‘ or the ‘Project‘), covering 2,489 km2 across seven permits. This includes 796 km2 in two permits held under the Awalé-Newmont Joint Venture (‘OJV’). Awalé manages all exploration activities over the OJV, with funding provided by Newmont Joint Ventures Limited (‘Newmont‘) (see May 31, 2022 news release).

    Awalé has discovered four gold, gold-copper, and gold-copper-silver-molybdenum discoveries within the OJV and has recently commenced exploration on its 100%-owned properties following an $11.5 million capital raise in April 2024.

    The Odienné Project is underexplored and has multiple pipeline prospects with similar geochemical signatures to Iron Oxide Copper Gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The Company benefits from a skilled and well seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.

    Quality Control and Assurance

    Analytical work for geochemistry samples is being carried out at the independent Intertek Laboratories in Ghana and Australia, an ISO 17025 (2017) Certified Laboratory. Samples are prepared and stored at the Company’s field camps and put into sealed bags until collected by Intertek from the Company’s secure Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Côte d’Ivoire, for preparation. Samples are logged in the tracking system, weighed, dried, and pulverized to greater than 85%, passing a 75-micron screen. Two pulps are prepared from each sample with one stream to Intertek Ghana for fire assay and a second to Australia where the sample is analyzed by 52 element ICP/MS with an Aqua Regia digest. Blanks, duplicates, and certified reference material (standards) are being used to monitor laboratory performance during the analysis.

    Qualified Person

    The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the Company’s Qualified Person as defined by National Instrument 43-101. Mr. Chubb is the Company’s Chief Executive Officer and holds an Economic Geology degree, is a Member of the Australian Institute of Geoscientists (AIG), and is a Member of the Society of Economic Geologists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.

    AWALÉ Resources Limited
    On behalf of the Board of Directors

    ‘Andrew Chubb’
    Chief Executive Officer

    FOR FURTHER INFORMATION, PLEASE CONTACT:
    Andrew Chubb, CEO
    (+356) 99139117
    a.chubb@awaleresources.com

    Ardem Keshishian, VP Corporate Development
    +1 (416) 471-5463
    a.keshishian@awaleresources.com

    The Company’s public documents may be accessed at www.sedarplus.com. For further information on the Company, please visit our website at www.awaleresources.com.

    Forward-Looking Information

    This press release contains forward-looking information within the meaning of Canadian securities laws (collectively ‘forward-looking statements’). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company’s presence in Côte d’Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont JV, works on other properties, planned drilling, commencement of operations. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

    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.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234447

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

    The revolt by conservatives and the sudden infusion into negotiations of President-elect Donald Trump, Vice President-elect JD Vance and Elon Musk has House Speaker Mike Johnson and others struggling to find a way out of their political cul-de-sac and avoiding a government shutdown at 12:00:01 a.m. ET Saturday. 

    Fox News is told that Trump’s unexpected demand to tackle the debt ceiling in this package has complicated matters exponentially. Many conservatives won’t vote for any debt ceiling increase. And Democrats are balking because Republicans reneged on the deal. 

    Democrats have bailed out majority Republicans on every major fiscal bill this Congress. They appear to be done with helping Republicans.

    Moreover, there may not be enough time to avoid a shutdown, especially if a new bill is to be produced – and conservatives demand that it lay fallow for three days before voting. 

    That does not even address getting it through the Senate.

    Many members with whom Fox News spoke Wednessday night are now resigned to a very high chance of a government shutdown – perhaps one which bleeds through Christmas. There simply isn’t a combination of votes that unlocks this puzzle yet.

    Congress also hasn’t addressed disaster aid. Some conservatives are opposed to that for North Carolina and Florida without offsets. The fate of assistance after Hurricanes Helene and Milton is now in serious limbo.


    This post appeared first on FOX NEWS

    President Biden announced an audacious goal for America to reduce its carbon emissions by two thirds with barely weeks left in his administration.

    Biden’s White House announced the new goal in a public statement. It calls for the U.S. to massively reduce its carbon emissions by 2035, invoking the Paris Agreement.

    ‘Today, as the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions,’ the White House wrote.

    ‘It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. In connection with this announcement, the United States is making a formal submission of this new target to the United Nations Climate Change secretariat as its next NDC under the Paris Agreement,’ the statement continued.

    President-elect Trump withdrew the U.S. from the Paris Agreement soon after entering office in his first term. Biden then re-entered the U.S. into the treaty. Trump has not said whether he plans to once again remove the U.S. from the plan, which calls on global powers to self-impose climate reforms.

    Trump reportedly plans to install an ‘energy czar’ to scale back energy and climate regulations implemented under the Biden administration.

    Six sources familiar with Trump’s transition team told the New York Times last month that a series of executive orders and presidential proclamations have been drafted related to climate and energy, aimed at rolling back Biden-era clean energy regulations that some critics argue have hurt the economy. 

    Other plans Trump and his transition team are reportedly discussing include installing an ‘energy czar’ to help cut regulations on domestic energy production and potentially moving the Environmental Protection Agency’s (EPA) headquarters outside of Washington, D.C.

    ‘The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail,’ Trump-Vance transition spokeswoman Karoline Leavitt told Fox News Digital when asked to confirm the details about Trump’s reported plans. ‘He will deliver.’

    Fox News’ Alec Schemmel contributed to this report.


    This post appeared first on FOX NEWS

    Uncertainty in the stock market makes it difficult to make investment decisions. When investors sell off stocks, everyone follows without giving it much thought and you’re left trying to figure out which path you should take. We saw this price action in the stock market on Wednesday after the Federal Open Market Committee cut interest rates by a quarter percentage point. Investors started to sell their holdings, which intensified toward the last few minutes of the trading day. 

    The rate cut didn’t come as a surprise. The market had already priced it in. Fed Chairman Jerome Powell’s comments about slowing down rate cuts for the next two years led to the massive selloff. Inflationary concerns were one reason which may have heightened investor fear. The S&P 500 ($SPX) fell by 2.95%, and the Nasdaq Composite ($COMPQ) dropped by 3.56%. The S&P 600 Small Cap Index ($SML) got hit hard, falling over 4%.

    It wasn’t just equities that sold off. Gold prices fell. Silver prices fell. Bond prices fell. Even cryptocurrencies felt the pain. 

    So, how damaging was the selloff? Let’s dive into the charts of the broader stock market indexes. 

    Equities Hammered Hard

    Whenever there’s such a significant fall in equities, it’s natural to think about buying the dip. But before you jump into anything, it’s best to see if the uptrend is still in play. 

    From its August low, the S&P 500 has been in an upward trend with a few pullbacks, the deepest one being in early September when it almost reached its 100-day simple moving average or SMA (see chart below). On Wednesday, the index closed below its 50-day SMA toward the low of the day. The daily chart below shows market breadth is declining. 

    FIGURE 1. DAILY CHART OF THE S&P 500 INDEX WITH BREADTH INDICATORS. The index is close to hitting its late November lows, a key support level. If it breaks below that level and market breadth indicators continue to weaken, it could be a bearish signal. Chart source: StockCharts.com. For educational purposes.

    The NYSE Advance-Decline Line (!ADLINENYC), the percent of S&P 500 stocks trading above their 200-day moving average ($SPXA200R), and the S&P 500 Bullish Percent Index ($BPSPX) are all trending lower. That the $BPSPX is below 50 shows that bearish pressure is dominant, which is concerning. 

    The weekly chart is more optimistic in that the S&P 500 is still trending higher and above its 21-week exponential moving average (EMA). All the moving averages on the chart are trending higher. Watch the November lows carefully (blue dashed line). A close below this level would mean a break in the “higher highs, higher lows” trend. 

    FIGURE 2. WEEKLY CHART OF S&P 500 INDEX. All moving averages overlaid on the chart are trending higher. The S&P 500 is trading above its 21-day EMA. A break below the EMA would be the first signal of a reversal of a bull market. Chart source: StockCharts.com. For educational purposes.

    The takeaway: If the $BPSPX continues to decline and the S&P 500 falls below its November low and 21-week EMA, consider offloading partial positions. 

    The Nasdaq Composite has a similar pattern in its chart, although it’s still above its 50-day SMA (see chart below). However, what is concerning about the daily chart of the Nasdaq is that it closed at its November high. A break below this level would break the series of higher highs and higher lows. So watch this level carefully.

    FIGURE 3. DAILY CHART OF NASDAQ COMPOSITE WITH MARKET BREADTH INDICATORS. The Nasdaq has reached its November high. Market breadth indicators are weakening. Keep an eye on this chart. Chart source: StockCharts.com. For educational purposes.

    The NASDAQ Advance-Decline Line (!ADLINENAS), the percent of Nasdaq stocks trading above their 200-day moving average is at 54% and trending lower, and the Nasdaq Bullish Percent Index ($BPCOMPQ) are all trending lower with the $BPCOMPQ at 50. If you pull up the weekly chart by changing the Period dropdown menu to weekly and using a five-year range, the trend is still bullish, similar to the weekly chart of the S&P 500.

    Fear Gauge Is Running Hot

    The rise in fear can be seen in the action in the Cboe Volatility Index ($VIX) which closed at 27.62, a 74.04% increase. The chart of the S&P 500 vs. the VIX below shows how big of a move it experienced on Wednesday. 

    FIGURE 4. S&P 500 VS. THE CBOE VOLATILITY INDEX ($VIX). Spikes in the VIX are accompanied by a pullback in the S&P 500. Chart source: StockCharts.com. For educational purposes. A spike of such a magnitude occurred in early August, which is when the S&P 500 pulled back and resumed a very optimistic uptrend. 

    Despite the spike in the VIX, investors weren’t flocking to “risk-off” investments. Gold and silver prices fell as did cryptocurrency prices. Treasury yields rose with the 10-year yield at 4.494% and the US dollar surged against other major currencies, especially the euro. 

    The Bottom Line

    Now that the last FOMC meeting for the year is behind us, there’s not much remaining in terms of economic data except the November Personal Consumption Expenditure (PCE) on Friday. There’s also the Santa Claus Rally to look forward to. So if Wednesday’s chaotic price action is an opportunity to buy the dip, i.e., if the indexes reverse without falling past critical support levels, you could make some end-of-year trades that could turn profitable as we head into the new year.



    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

    The returning head of the House Republican campaign committee says President-elect Trump’s convincing 2024 White House victory gives the GOP plenty of home field advantage as the party aims to defend its razor-thin majority in the 2026 midterm elections.

    ‘The battlefield is really laying out to our advantage. There are 14 Democrats who won seats also carried by Donald Trump. There are only three Republicans in seats that were carried by Kamala Harris. So that tells me we’re going to be on offense,’ National Republican Congressional Committee chair Rep. Richard Hudson emphasized in a recent Fox News Digital interview.

    Trump carried all seven crucial battleground states and, for the first time in three presidential elections, won the national popular vote as he defeated Vice President Harris last month.

    The Republicans also flipped control of the Senate from the Democrats, and even though they had a net loss of two seats in the 435-member House, they’ll hold a fragile 220-215 majority when the new Congress convenes next month.

    Eight years ago, when Trump first won the White House and the GOP held onto their House majority, Democrats targeted roughly two-dozen Republicans in the 2018 midterms in districts Trump lost in the 2016 election.

    The Democrats, in a blue-wave election, were successful in flipping the House majority. 

    Fast-forward eight years, and it’s a different story, as this time Republicans will be defending seats on friendly turf in districts that the president-elect carried.

    ‘There’s a whole lot more opportunity for us to go on offense,’ Hudson, who’s represented a congressional district in central North Carolina for a dozen years, touted.

    Hudson also made the case that House Republicans who will once again be targeted by the Democrats in the upcoming election cycle are ‘really battle tested. I mean, they’re folks who’ve been through the fire before. They’ve gone through several cycles now with millions of dollars spent against them.’

    ‘They’ve been able to succeed because they work very hard in their districts. They’ve established very strong brands, as you know, people who know how to get things done and how to deliver for their community,’ he emphasized. ‘The Republicans who are in tough seats are our best candidates.’

    The three House Republicans who are in districts that Harris carried last month are Reps. Don Bacon of Nebraska, Brian Fitzpatrick of Pennsylvania, and Mike Lawler of New York.

    But there will be a big difference in 2026: Trump, who helped drive low propensity voters to the polls this year, won’t be on the ballot in the 2026 midterms. 

    ‘I certainly would rather have him on the ballot because he turns out voters that don’t come out for other candidates,’ Hudson acknowledged.

    But he argued, ‘If you look at the way this race is shaping up, we campaigned on a key set of issues of things that we promised we would deliver. If we deliver those things and have Donald Trump there with us campaigning with our candidates, I believe we can drive out a higher percentage of those voters than we have in midterms in the past.’

    Hudson said Trump ‘was a great partner’ with House Republicans this year and will be again in the upcoming election cycle.

    ‘[Trump] cares deeply about having a House majority because he understands that a Democrat House majority means his agenda comes to a grinding halt. And so he’s been very engaged, was a very good partner for us this last election, and I anticipate that continuing.’

    Hudson, who is returning for a second straight cycle chairing the NRCC, said that at the top of his committee to-do list are candidate recruitment and fundraising.

    ‘I mean, first thing, we’ve got to go out and recruit candidates. You know, candidate quality matters. And then we’ve got to go raise the money. And so I’ll be on the road and be out there helping our incumbents. But I’m looking forward to it,’ he emphasized.

    Fox News’ Emma Woodhead contributed to this report

    Editors note: Fox News Digital also interviewed Democratic Congressional Campaign Committee chair Rep. Suzan DelBene of Washington. That report will be posted on Friday.


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