Asset manager has announced the launch of its Ethereum Covered Call ETF (ETCO), which seeks to provide investors with exposure to ETH. The Grayscale Ethereum Covered Call ETF will mainly focus on generating income through its volatility characteristics. Details On The Grayscale Ethereum Covered Call ETF In a press release, the asset manager announced the
The post Grayscale Launches Ethereum Covered Call ETF to Generate Income from ETH appeared first on CoinGape.
Amazon is eliminating a program that allows members of its Prime subscription program to share free shipping benefits with people outside their household.
The company began notifying users in recent days that it plans to end the Prime Invitee Program on Oct. 1, according to a notice viewed by CNBC.
“We are writing to inform you that the Prime Invitee Program, which allowed sharing Prime’s fast, free delivery with others, will end on October 1, 2025,” the notice states. “Your invited guests will be notified directly about this change by September 5, 2025.”
Amazon previously let Prime members share free, two-day shipping with one other adult in their household, even if they used a different address.
Starting next month, the company will require invitees who don’t live with the account holder to sign up for their own Prime membership.
It’s phasing out the program in favor of Amazon Family, which lets Prime members share free shipping and other benefits with one other adult, four children and up to four teens added before April 7, 2025.
All users must share the same primary residential address, or the “address you consider to be your home and where you spend the majority of your time,” Amazon said.
The change comes as Reuters reported Monday that Amazon’s Prime signups in the U.S. fell short of last year’s total and its own targets, citing internal company documents. Amazon told the outlet that Prime membership continues to grow in the U.S. and internationally.
Families who lost loved ones in two crashes of Boeing 737 Max jetliners may get their last chance to demand the company face criminal prosecution Wednesday. That’s when a federal judge in Texas is set to hear arguments on a U.S. government motion to dismiss a felony charge against Boeing.
U.S. prosecutors charged Boeing with conspiracy to commit fraud in connection with the crashes that killed 346 people off the coast of Indonesia and in Ethiopia. Federal prosecutors alleged Boeing deceived government regulators about a flight-control system that was later implicated in the fatal flights, which took place less than five months apart in 2018 and 2019.
Boeing decided to plead guilty instead of going to trial, but U.S. District Chief Judge Reed O’Connor rejected the aircraft maker’s plea agreement in December. O’Connor, who also will consider whether to let prosecutors dismiss the conspiracy charge, objected to diversity, equity and inclusion policies potentially influencing the selection of an independent monitor to oversee the company’s promised reforms.
Lawyers representing relatives of some of the passengers who died cheered O’Connor’s decision, hoping it would further their goal of seeing former Boeing executives prosecuted during a public trial and more severe financial punishment for the company. Instead, the delay worked to Boeing’s favor.
The judge’s refusal to accept the agreement meant the company was free to challenge the Justice Department’s rationale for charging Boeing as a corporation. It also meant prosecutors would have to secure a new deal for a guilty plea.
The government and Boeing spent six months renegotiating their plea deal. During that time, President Donald Trump returned to office and ordered an end to the diversity initiatives that gave O’Connor pause.
By the time the Justice Department’s criminal fraud section briefed the judge in late May, the charge and the plea were off the table. A non-prosecution agreement the two sides struck said the government would dismiss the charge in exchange for Boeing paying or investing another $1.1 billion in fines, compensation for the crash victims’ families, and internal safety and quality measures.
The Justice Department said it offered Boeing those terms in light of “significant changes” Boeing made to its quality control and anti-fraud programs since entering into the July 2024 plea deal.
The department also said it thought that persuading a jury to punish the company with a criminal conviction would be risky, while the revised agreement ensures “meaningful accountability, delivers substantial and immediate public benefits, and brings finality to a difficult and complex case whose outcome would otherwise be uncertain.”
Judge O’Connor has invited some of the families to address the court on Wednesday. One of the people who plans to speak is Catherine Berthet, whose daughter, Camille Geoffrey, died at age 28 when a 737 Max crashed shortly after takeoff from Ethiopia’s Addis Ababa Bole International Airport.
Berthet, who lives in France, is part of a group of about 30 families who want the judge to deny the government’s request and to appoint a special prosecutor to take over the case.
“While it is no surprise that Boeing is trying to buy everyone off, the fact that the DOJ, which had a guilty plea in its hands last year, has now decided not to prosecute Boeing regardless of the judge’s decision is a denial of justice, a total disregard for the victims and, above all, a disregard for the judge,” she said in a statement.
Justice Department lawyers maintain the families of 110 crash victims either support a pre-trial resolution or do not oppose the non-prosecution agreement. The department’s lawyers also dispute whether O’Connor has authority to deny the motion without finding prosecutors acted in bad faith instead of the public interest.
While federal judges typically defer to the discretion of prosecutors in such situations, court approval is not automatic.
In the Boeing case, the Justice Department has asked to preserve the option of refiling the conspiracy charge if the company does not hold up its end of the deal over the next two years.
Boeing reached a settlement in 2021 that protected it from criminal prosecution, but the Justice Department determined last year that the company had violated the agreement and revived the charge.
The case revolves around a new software system Boeing developed for the Max. In the 2018 and 2019 crashes, the software pitched the nose of the plane down repeatedly based on faulty readings from a single sensor, and pilots flying then-new planes for Lion Air and Ethiopian Airlines were unable to regain control.
The Transportation Department’s inspector general found that Boeing did not inform key Federal Aviation Administration personnel about changes it made to the MCAS software before regulators set pilot training requirements for the Max and certified the airliner for flight.
Acting on the incomplete information, the FAA approved minimal, computer-based training for Boeing 737 pilots, avoiding the need for flight simulators that would have made it more expensive for airlines to adopt the latest version of the jetliner.
Airlines began flying the Max in 2017. After the Ethiopia crash, the planes were grounded worldwide for 20 months while the company redesigned the software.
In the final weeks of Trump’s first term, the Justice Department charged Boeing with conspiring to defraud the U.S. government but agreed to defer prosecution and drop the charge after three years if the company paid a $2.5 billion settlement and strengthened its ethics and legal compliance programs.
The 2021 settlement agreement was on the verge of expiring when a panel covering an unused emergency exit blew off a 737 Max during an Alaska Airlines flight over Oregon at the beginning of last year. No one was seriously injured, but the potential disaster put Boeing’s safety record under renewed scrutiny.
A former Boeing test pilot remains the only individual charged with a crime in connection with the crashes. In March 2022, a federal jury acquitted him of misleading the FAA about the amount of training pilots would need to fly the Max.
The Walt Disney Company will pay $10 million to settle Federal Trade Commission allegations that it enabled the unlawful collection of children’s personal data on YouTube.
The FTC claimed the company allowed data to be collected from kids who viewed videos directed at children on YouTube without notifying parents or obtaining their consent.
The complaint alleged that Disney violated the Children’s Online Privacy Protection Rule by not labeling some YouTube videos as being made for children. The agency claimed the company was able to collect data from viewers of child-directed content who were under the age of 13 and use it for targeted advertising.
In 2019, after a settlement with the FTC, YouTube began requiring content creators to list whether uploaded videos were “made for kids” or “not made for kids.” The designation ensures that personal information is not collected from the “made for kids” videos and personalized ads will not be served to viewers. Comments are also disabled on those videos.
The proposed settlement would require Disney to pay a $10 million civil penalty, comply with the children’s data protection rule and implement a program to review whether videos posted to YouTube should be designated as “made for kids.”
“Supporting the well-being and safety of kids and families is at the heart of what we do,” the company said in a statement obtained by CNBC. “This settlement does not involve Disney owned and operated digital platforms but rather is limited to the distribution of some of our content on YouTube’s platform. Disney has a long tradition of embracing the highest standards of compliance with children’s privacy laws, and we remain committed to investing in the tools needed to continue being a leader in this space.”
Axios was the first to report the settlement.
Atlantic Lithium (A11:AU) has announced Corporate Funding Update
Download the PDF here.
Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce it has received a permit exemption under the British Columbia Mines Act to undertake a 10 to 15 line km induced polarization (IP) survey at the Company’s 1,168 hectare North Island Copper project near Port Hardy on Vancouver Island, British Columbia.
Surface sampling and a preliminary 12.3-line km Induced Polarization (IP) survey in the 1990’s identified an interesting chargeability anomaly at the historic Marisa Zone that was followed up by a five hole, 376.43 diamond drilling program. Two of the five holes hit interesting copper values including down hole intervals of 0.078% copper over 56.39 metres in DDH92-01 and 0.041% copper over 70.71 metres in DDH92-03 in an altered quartz diorite. Copper grades were increasing with depth in DDH92-03. The Company plans to follow up these historic results.
‘NorthIsle Copper and Gold Inc. continues to produce excellent exploration results 15km to the west in the same belt of rocks that also hosts the past producing Island Copper Mine 7.5km to the southeast attesting to the tremendous exploration potential of the area’, commented Questcorp, President & CEO, Saf Dhillon. ‘The Marisa Zone displays a strong historic IP signature and anomaly carrying encouraging copper numbers from very limited drilling, begging for a second pass with modern geophysical equipment and processing,’ he concluded.
Questcorp has received quotes from three different geophysical contracting firms to update the 35 year old IP survey utilizing modern equipment and data processing. The Company is reviewing the quotes and plans to select the contractor shortly.
Questcorp cautions investors a Qualified Person has not verified the historical exploration data and further cautions, the presence of copper mineralization on the NorthIsle Copper and Gold and the BHP properties is not necessarily indicative of similar mineralization on the North Island Copper property.
The technical content of this news release has been reviewed and approved by R. Tim Henneberry’, P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.
About Questcorp Mining Inc.
Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264915
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Drilling Confirms Gold Discovery and Significant Progress at Caber Complex
Nuvau Minerals Inc. (TSXV: NMC) is sharing positive results and significant progress at its Matagami Project in today’s comprehensive exploration update.
‘Multiple new discoveries, including the recent discovery of gold mineralization, demonstrate the potential of this large-scale property that was historically recognized solely for its base metal potential. The confirmation of a gold-bearing orogenic system adjacent to existing mine infrastructure significantly expands the opportunity for value creation. Nuvau is geared to continue the exploration on this large land package in the Abitibi,’ said Peter van Alphen, CEO of Nuvau Minerals Inc.
Highlights include the continued validation of the orogenic gold system that was discovered adjacent to the fully permitted Bracemac mine, and positive results from drilling additional zones on the Property, such as high-grade base metal mineralization at Caber and Renaissance:
Drilling is underway to follow-up the recent discovery of gold mineralization with 25 m of the existing mine access ramp at the Bracemac Mine. Visible gold has now been observed in three of four holes drilled in this new target, confirming a continuous shear zone intersected in all holes drilled to date. The system is hosted within a tonalite intrusive rock unit in the footwall of the Bracemac Mine, a rock unit where almost no historic holes have been drilled.
Gold exploration program
Operated by Glencore until June 2022, the Bracemac-McLeod mine was one of 12 past-producing base metal mines on Nuvau’s 1,300 km² land package. Historic mining focused entirely on copper and zinc mineralization. Key infrastructure remains in place, and the mine remains permitted for operation. Little to no gold exploration was undertaken by the previous operators due to the previous focus on base metals.
Visible gold mineralization was observed in the first hole drilled to test the first of three priority gold exploration targets that Nuvau identified on this large-scale property. The current drill campaign is aimed at defining the parameters of this newly-identified gold-bearing structure. To-date, four drill holes spaced 25 to 40 metres apart have established the strike and dip of the host shear zone that is injected with quartz veins containing minor pyrite. A fifth hole is underway to test 100 metres below the initial drill holes.
Visible gold has now been observed in three holes with all holes having intersected a sheared intrusive (tonalite) containing folded quartz-calcite-chlorite veins, mineralized with 1-3% pyrite. The first hole intersected 8.87 g/t Au over 1.05 m with numerous grains of visible gold identified. Assay results from additional holes remain pending.
Figure 1: 3D view showing general location of the gold-bearing structure
To view an enhanced version of this graphic, please visit:
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Figure 2: Inclined long-section
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Caber Complex
Fourteen drill holes were completed totaling 10,426 m. This drilling was designed for the conversion of resources and to collect samples for metallurgical studies in preparation for a feasibility study of the Caber Complex deposits. A revised MRE is in progress and an updated PEA is planned with the aim of optimizing the Caber Complex mine plan and incorporating the potential restart of the Bracemac-McLeod Mine and mill complex into a detailed economic analysis.
Table 1: Assay results for the Caber Complex drill program
| Hole ID | from | to | length | Cu% | Zn% | Au(g/t) | Ag(g/t) |
| GCB-24-112 | Reassays ongoing | ||||||
| GCB-24-113 | 547.00 | 557.70 | 10.70 | 1.53 | 1.64 | 0.09 | 16.14 |
| And | 600.35 | 603.15 | 2.80 | 5.49 | 5.95 | 0.15 | 35.66 |
| And | 677.55 | 703.85 | 26.30 | 0.23 | 0.31 | 0.03 | 1.18 |
| GCB-24-114 | 591.85 | 594.40 | 2.55 | 0.11 | 12.55 | 0.07 | 12.33 |
| And | 655.60 | 657.70 | 2.10 | 1.36 | 4.14 | 0.09 | 25.95 |
| And | 733.45 | 756.00 | 22.55 | 0.65 | 0.76 | 0.03 | 1.50 |
| Incl | 748.55 | 751.30 | 2.75 | 4.43 | 2.07 | 0.12 | 9.05 |
| And | 756.90 | 763.60 | 6.70 | 0.54 | 0.02 | 0.02 | 0.33 |
| GCB-24-115 | Reassays ongoing | ||||||
| GCB-24-116 | 509.80 | 537.00 | 27.20 | 1.85 | 3.10 | 0.05 | 9.81 |
| And | 559.30 | 565.50 | 6.20 | 0.51 | 0.21 | 0.01 | 0.95 |
| GCB-24-117 | 460.50 | 495.00 | 34.50 | 0.89 | 0.99 | 0.10 | 6.69 |
| And | 495.00 | 498.55 | 3.55 | 0.37 | 0.01 | 0.04 | 6.37 |
| GCB-24-118 | 415.20 | 417.00 | 1.80 | 0.06 | 0.56 | 0.00 | 1.08 |
| And | 493.80 | 496.80 | 3.00 | 0.01 | 0.44 | 0.00 | 1.00 |
| And | 565.60 | 583.55 | 17.95 | 0.85 | 2.44 | 0.09 | 14.82 |
| And | 590.35 | 595.10 | 4.75 | 1.24 | 0.56 | 0.13 | 10.27 |
| And | 603.60 | 626.70 | 23.10 | 1.34 | 0.02 | 0.03 | 2.19 |
| Incl | 610.10 | 615.90 | 5.80 | 2.94 | 0.04 | 0.03 | 4.21 |
| GCB-24-119 | 505.85 | 507.50 | 1.65 | 3.73 | 6.82 | 0.22 | 28.48 |
| And | 513.30 | 513.70 | 0.40 | 0.61 | 2.16 | 0.14 | 23.00 |
| And | 519.50 | 519.80 | 0.30 | 1.81 | 0.46 | 0.24 | 14.00 |
| And | 579.85 | 583.45 | 3.60 | 3.66 | 3.43 | 0.21 | 18.36 |
| And | 605.85 | 617.95 | 12.10 | 1.32 | 2.97 | 0.10 | 14.74 |
| And | 676.05 | 681.40 | 5.35 | 0.01 | 0.03 | 0.00 | 0.79 |
| And | 690.15 | 744.50 | 54.35 | 0.25 | 0.41 | 0.02 | 0.84 |
| Incl | 710.50 | 715.35 | 4.85 | 0.35 | 4.10 | 0.02 | 1.24 |
| Incl | 717.00 | 720.85 | 3.85 | 1.17 | 0.06 | 0.04 | 3.14 |
| GCB-24-120 | 675.50 | 695.65 | 20.15 | 0.84 | 1.46 | 0.07 | 6.50 |
| And | 796.05 | 829.50 | 33.45 | 0.58 | 0.10 | 0.03 | 2.61 |
| Incl | 811.75 | 820.00 | 8.25 | 1.39 | 0.24 | 0.04 | 5.64 |
| Incl | 811.75 | 814.75 | 3.00 | 2.74 | 0.20 | 0.03 | 7.85 |
| GCB-25-121 | Reassays ongoing | ||||||
| GCB-25-122 | Reassays ongoing | ||||||
| GCB-25-123 | 410.60 | 416.40 | 5.80 | 0.67 | 0.55 | 0.03 | 4.18 |
| And | 545.20 | 545.55 | 0.35 | 0.74 | 4.56 | 0.12 | 18.00 |
| And | 568.50 | 569.05 | 0.55 | 1.52 | 4.14 | 0.38 | 26.00 |
| And | 626.15 | 627.65 | 1.50 | 0.87 | 2.56 | 0.08 | 9.20 |
| And | 678.35 | 720.40 | 42.05 | 0.56 | 0.58 | 0.04 | 5.09 |
| Incl | 678.35 | 683.20 | 4.85 | 3.04 | 3.45 | 0.25 | 30.73 |
| Incl | 706.45 | 720.40 | 13.95 | 0.59 | 0.44 | 0.03 | 3.29 |
| And | 735.10 | 738.40 | 3.30 | 0.66 | 0.01 | 0.01 | 1.21 |
| GCB-25-124 | 636.00 | 640.65 | 4.65 | 0.45 | 2.42 | 0.10 | 3.43 |
| And | 663.35 | 684.30 | 20.95 | 0.69 | 0.01 | 0.02 | 0.38 |
| GCB-25-125 | Reassays ongoing | ||||||
Renaissance Zone
The Renaissance Zone was discovered by Nuvau in 2023, targeting a geophysical anomaly located in the ‘West Camp’ of the Matagami Property, immediately north of the Caber Complex deposits.
A total of 27 holes were drilled to test the Renaissance Zone, with 16 intersecting massive and semi-massive sulphide zones. An initial MRE for Renaissance is in progress. Results from the most recent drilling at Renaissance are provided in Table 2, below.
Table 2: Assays results for the Renaissance drilling program
| Hole ID | from | to | length | Cu% | Zn% | Au(g/t) | Ag(g/t) |
| REN-24-15 | 329.85 | 337.65 | 7.80 | 0.69 | 7.41 | 0.20 | 22.66 |
| REN-24-16 | 280.80 | 281.80 | 1.00 | 0.12 | 1.35 | 0.01 | 5.00 |
| REN-24-17 | 258.70 | 279.30 | 20.60 | 0.36 | 2.79 | 0.04 | 7.49 |
| Incl | 258.70 | 263.15 | 4.45 | 0.45 | 2.95 | 0.13 | 23.22 |
| And | 274.60 | 279.30 | 4.70 | 1.03 | 9.16 | 0.03 | 6.54 |
| REN-24-18A | No significant mineralization | ||||||
| REN-24-18 | 384.00 | 384.70 | 0.70 | 0.32 | 0.08 | 0.03 | 6.00 |
| REN-24-19 | Reassays ongoing | ||||||
| REN-24-20 | 463.65 | 478.35 | 14.70 | 0.72 | 1.66 | 0.05 | 6.47 |
| Incl | 463.65 | 472.75 | 9.10 | 0.77 | 1.86 | 0.03 | 5.48 |
| And | 476.10 | 478.35 | 2.25 | 1.47 | 3.13 | 0.20 | 18.60 |
| REN-24-21 | Reassays ongoing | ||||||
| REN-25-22 | 380.90 | 381.55 | 0.65 | 0.12 | 2.22 | 0.03 | 6.00 |
| And | 398.20 | 398.50 | 0.30 | 0.70 | 0.23 | 0.05 | 11.00 |
| And | 412.35 | 412.75 | 0.40 | 0.61 | 3.70 | 0.04 | 19.00 |
| REN-25-23 | 294.00 | 295.00 | 1.00 | 0.01 | 0.85 | 0.00 | 0.00 |
| And | 303.00 | 303.60 | 0.60 | 0.01 | 0.81 | 0.00 | 0.00 |
| REN-25-24 | No significant mineralization | ||||||
| REN-25-25 | No significant mineralization | ||||||
| REN-25-25EXT | No significant mineralization | ||||||
Figure 3: Renaissance Zone long-section
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McLeod extension
Intersected in 2023, the McLeod Mine extension demonstrated the potential for additional resources adjacent to existing mine workings, at the permitted past-producing Bracemac-McLeod Mine.
The extension discovery hole (MCL-13-31W1) returned 15.9 m grading 2.81% Cu, 14.80% Zn, and 0.39 g/t Au.
Seven new intersections from 5,526 m of additional drill holes completed will be incorporated into a MRE that is in progress. This zone will, along with the Caber Complex, be incorporated into future studies assessing the potential restart of the Bracemac-McLeod Mine and associated economic analysis. New results from the McLeod drill program are provided in Table 3 below.
Table 3: Assay results for the McLeod extension drilling program
| Hole ID | from | to | length | Cu% | Zn% | Au(g/t) | Ag(g/t) |
| MCL-13-31W6 | 1498.6 | 1502.8 | 4.2 | 0.23 | 2.39 | 0.14 | 11.90 |
| Incl | 1499 | 1500.05 | 1.05 | 0.65 | 3.92 | 0.13 | 20.24 |
| MCL-13-31W7 | 1400.6 | 1402.25 | 1.65 | 0.19 | 4.32 | 0.06 | 3.55 |
| And | 1426.85 | 1432.55 | 5.7 | 0.09 | 1.19 | 0.31 | 3.30 |
| MCL-13-31W8 | 1248.6 | 1251.3 | 2.7 | 0.18 | 2.84 | 0.45 | 6.59 |
| MCL-18-90W2 | 1605 | 1607.2 | 2.2 | 0.09 | 0.02 | 0.11 | 1.64 |
| MCL-18-90W3 | 1625.7 | 1627.4 | 1.7 | 0.09 | 0.54 | 0.18 | 3.24 |
| MCL-18-91W1 | 1500.2 | 1502.35 | 2.15 | 1.44 | 0.07 | 0.31 | 10.65 |
| And | 1510 | 1519.5 | 9.5 | 0.88 | 0.05 | 0.09 | 7.74 |
| And | 1531.5 | 1534.5 | 3 | 0.72 | 0.06 | 0.08 | 4.67 |
| MCL-18-91W2 | 1586.8 | 1611.75 | 24.95 | 1.04 | 2.36 | 0.14 | 7.03 |
| Incl | 1586.8 | 1591 | 4.2 | 0.52 | 10.96 | 0.42 | 11.71 |
| Incl | 1604 | 1611.75 | 7.75 | 2.45 | 0.24 | 0.11 | 11.39 |
About Nuvau Minerals Inc.
Nuvau Minerals is a Canadian mineral exploration company advancing the Matagami mining camp, covering more than 1,300 km² of highly prospective ground in the Abitibi region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property, which is host to significant existing processing infrastructure and multiple mineral deposits, but has never been subjected to a comprehensive gold-focused exploration program. The Company is leveraging innovative exploration methods, including AI-supported generative targeting and hydro-geochemistry, to identify and develop new gold and base metal deposits.
Qualified Person and Quality Assurance
Gilles Roy P. Geo. (Qc), Director of Exploration of Nuvau and a ‘qualified person’ as is defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and has otherwise reviewed and approved the scientific and technical information in this news release.
Drill core samples are sawn by staff technicians to create half core splits. One split is retained in the drill core box for archival purposes with a sample tag affixed at each sample interval and the other split is placed in a labelled plastic bag along with a corresponding sample number tag and placed in the shipment queue.
Quality control samples including blind certified reference material (‘CRM’), blank material, and core duplicates are inserted at a frequency of 1 in every 20 samples and sample batches of up to 60 samples were then shipped directly by Nuvau personnel to the ALS Canada Ltd. preparation laboratory in Rouyn-Noranda, Québec.
All submitted core samples are crushed in full to 95 % passing less than 2 mm (ALS code CRU-32). A 1000-gram sample was then riffled split from the crushed material and pulverized to 90 % passing 75 μm (SPL-22 and PUL-32a). Pulps are shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in North Vancouver, British Columbia, for assay.
Lead, silver, copper and zinc analyses were determined by ore grade four acid digestion with an inductively coupled plasma atomic emission spectroscopy (‘ICP-AES’) or atomic absorption spectroscopy (‘AAS’) finish (ALS codes Pb-OG62, Ag-OG62, Cu-OG62 and ZnOG62), whereas gold was determined by 50 g fire assay analysis with an AAS finish (code Au-AA23).
A second method, PhotonAssay analysis (code Au-PA01), was used on a single sample from hole BRCG-25-01 where visible gold was observed. The remaining reject material was pulverized to 95% passing 106um (PUL-32a) and recombined with the remaining master pulp material and split into three jars (~500g each) and shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in Thunder Bay Ontario, for photon assayed. The reported value is the combined weighted assay result representing the entire length of the sample. For comparison gold determined by 50 g fire assay analysis return 15.75 g/t Au, compared to 16.02 g/t Au by PhotonAssay.
ALS Canada Ltd. is an accredited, independent commercial analytical firm registered to ISO/IEC 17025:2017 and ISO 9001:2015.
For further information please contact:
Nuvau Minerals Inc.
Peter van Alphen
President and CEO
Telephone: 416-525-6063
Email: pvanalphen@nuvauminerals.com
Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264895
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OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Empire Metals LTD (AIM: EEE; OTCQX: EPMLF), an exploration and resource development company, has qualified to trade on the OTCQX® Best Market. Empire Metals LTD upgraded to OTCQX from the OTCQB® Venture Market.
Empire Metals LTD begins trading today on OTCQX under the symbol ‘EPMLF.’ U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Shaun Bunn, Managing Director of Empire Metals, comments:
‘Empire Metals is delighted to upgrade to OTCQX. Building on the Company’s international shareholder base, this further enhances the accessibility and visibility of our shares to both U.S. institutional and retail investors. Trading on OTCQX offers even more investors a pathway to participate in Empire’s growth and and gain exposure to titanium – a strategically important critical mineral with strong fundamentals. We look forward to welcoming new U.S. investors as shareholders.’
About Empire Metals LTD
Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the in-situ mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, in-situ bedded TiO₂ mineralisation, each being over 7km in strike length. An Exploration Target for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target is a subset that covers the in-situ weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID Basic Market and Pink Limited Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com .
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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