Brightstar Resources (BTR:AU) has announced Exceptional result of 32m @ 7gt Au in Lord Byron drilling
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It really shouldn’t be that big a deal.
Donald Trump was one of many friends solicited to send messages to Jeffrey Epstein for his 50th birthday. There’s a far more cautious one from Bill Clinton, too.
If the president had merely said ‘yeah, I sent it, we were joking back and forth, nothing to see here’ – this was in 2003, before the child predator was charged with sexual abuse – nobody would have blinked. The birthday book was assembled by his then-girlfriend Ghislaine Maxwell.
Instead, he filed a $10 billion lawsuit against the Wall Street Journal for supposedly publishing inaccuracies in its report on the Trump birthday message.
The Journal has now been vindicated.
Trump flatly denied having sent a birthday message at all. He can’t draw, he would never do such a thing, it was inconceivable.
Now it looks a lot more conceivable.
As the Journal was the first to report, there is a friendly back-and-forth against the backdrop of a sketch of a naked woman’s silhouette. Trump’s signature is in the pubic area, and the paper says it matches other acknowledged ‘Donald’ signatures – along with his use of such phrases as ‘a wonderful thing.’
There is this exchange:
Donald: We have certain things in common, Jeffrey.
Jeffrey: Yes we do, come to think of it.
Donald: Enigmas never age, have you noticed that?
Jeffrey: As a matter of fact, it was clear to me the last time I saw you.
Donald: A pal is a wonderful thing. Happy Birthday – and may every day be another wonderful secret.
That’s it, given more punch by Trump’s denial that he never sent such a thing.
In fact, after the publication of the texts and the naked silhouette – which I’m sure you’ve seen as it’s been all over television – Trump continues to deny that the letter and sketch are his.
They’re sure doing a good job of moving on from the Epstein mess, huh?
Reached on his cell yesterday by NBC reporter Garrett Haake, Trump said: ‘I don’t comment on something that’s a dead issue. I gave all comments to the staff. It’s a dead issue.’
That sounds like wishful thinking. The only ‘dead’ part is Jeffrey Epstein.
Press Secretary Karoline Leavitt backed up the boss in a posting:
‘The latest piece published by the Wall Street Journal PROVES this entire ‘Birthday Card’ story is false. As I have said all along, it’s very clear President Trump did not draw this picture, and he did not sign it. President Trump’s legal team will continue to aggressively pursue litigation.
‘Furthermore, the ‘reporter’ @joe_palazzolo who wrote this hatchet job reached out for comment at the EXACT same minute he published his story giving us no time to respond. This is FAKE NEWS to perpetuate the Democrat Epstein Hoax!’ But it’s hardly a hoax to Epstein’s victims, who spoke out the other day – one voted for Trump – about how being lured into having sex while young as 14 ruined their lives.
The New York Times has a sobering report on other birthday messages to Epstein.
Venture capitalist William Elkus recalled Epstein conjuring a beautiful woman out of thin air during a visit to a farm town in Iowa, where it was hard to ‘tell the difference between the girls and the hogs.’ Elkus marveled at Epstein’s being able to find a ‘spectacular tall blonde’ whom he later invited back with him to New York, concluding he had relied on ‘some long distance escort service.’
Elkus told the Times that it was a joke and that he was referring to Epstein’s ‘charisma, which was palpable.’
A person named Leslie wrote, ‘I wanted to get you what you want,’ so ‘here it is’ – a drawing of breasts. Another writer sent photos of zebras, and lions, getting it on.
A person named Nick described a night in London that left Epstein ‘howling with laughter.’ Nick said an ‘old man smiling sweetly’ pulled down a woman’s panties and put his hand on her privates, only to find another man’s hand already there.
Some women, including assistants and girlfriends – the names are redacted – may have been Epstein’s victims.
One woman wrote: ‘With you, dear Jeffrey, I laugh like a little girl and feel like a woman.’ There’s a hand-drawn heart, a brief message and a photo of a woman’s butt in a thong bikini.
There’s a cartoon of Epstein in a beach chair getting ‘what appears to be a nude massage from four topless women.’ Appears? That’s exactly what it is.
There were messages from Nathan Myhrvold, former chief technology officer for Microsoft; retail billionaire Leslie Wexner; billionaire investor Leon Black; Epstein’s onetime attorney Alan Dershowitz; and Jean-Luc Brunel, a French modeling scout who died in 2022 by suicide in a French jail cell after being charged with raping teenage girls.
The Washington Post has more, saying ‘attention to Trump’s relationship with Epstein is not going away anytime soon, and the political headaches for the president are likely to linger.’
In a partially redacted photo, Epstein is holding an oversized check made out to him for $22,500 with DJTRUMP on the signature line. The handwritten caption: ‘Sells ‘fully depreciated’ [redacted] to Donald Trump for $22,500.’
Trump allies have decided to make their stand on the signature question, adding to the murkiness.
‘Is this really the best they could do?’ wrote MAGA influencer Benny Johnson. ‘Trump has the most famous signature in the world. Time to sue them into the oblivion.’
In a drawing, labeled ‘1983,’ a male figure is pictured handing balloons to young girls in pigtails. That was next to ‘2003,’ where he’s drawn getting massages from topless blonde women with the caption ‘what a great country!’
Look, there’s no other way to say it: This has the whiff of a cover-up.
I mean, are people buying the president’s insistence that he never sent the birthday message that they’ve seen with their own eyes?
Trump boxed himself by insisting, even now, that he’d never sent such a message. That’s the heart of the political problem.
The president may pronounce the story dead, but for the rest of the world – including MAGA supporters who have been obsessed with this case – it’s very much alive.
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Sen. Josh Hawley, R-Mo., called to ‘open the courtroom doors’ so parents can sue Meta, accusing founder and CEO Mark Zuckerberg of misleading Congress after whistleblowers detailed child safety failures on the company’s virtual reality (VR) platforms.
Two former Meta researchers told a Senate panel Tuesday that the company buried child harm evidence in VR, killed age-verification studies and let AI chatbots flirt with kids, prompting a bipartisan push to pass measures protecting minors online.
‘The claims at the heart of this hearing are nonsense; they’re based on selectively leaked internal documents that were picked specifically to craft a false narrative,’ a Meta spokesperson said.
‘The truth is there was never any blanket prohibition on conducting research with young people and, since the start of 2022, Meta approved nearly 180 Reality Labs-related studies on issues including youth safety and well-being.’
Testifying before the Senate were Cayce Savage and Jason Sattizahn, both former Meta researchers.
Sattizahn alleged Meta routinely prioritized engagement and profit over safety — especially for kids — and manipulated or erased research showing harm.
He said despite attempts to curb data collection, the studies researchers could run still showed the company’s products endangered users.
Germany once banned Meta’s VR sales over data treatment concerns; after sales resumed in 2022, Sattizahn was sent to conduct research there.
He said he understood Meta was trying to show its VR headsets were safe for Germans.
But when research uncovered that underage children using Meta VR in Germany were subjected to demands for sex acts, nude photos and other acts children should never be exposed to, Sattizahn alleged Meta demanded all evidence be erased.
‘My research still revealed emotional and psychological damage, particularly to women who were sexually solicited, molested or worse,’ he testified. ‘In response, Meta demanded I change my research in the future to not gather this data on emotional and psychological harm.’
Savage testified she led youth safety research in VR and likewise said Meta prioritized engagement over child safety.
She said the company employed suppression tactics, including editing reports, demanding deletions and threatening jobs.
Hawley asked Savage why it was important for Meta to have children under 13 using VR. She told him kids drive household adoption of gaming devices, which means more money for Meta.
‘So, this is about profits at the end of the day,’ Hawley told Savage while seeking clarification on whether Meta will do anything for a profit, including exposing children to vile sexual abuse.
‘When I was doing research to identify the harms that children were facing in VR, which I had to be sneaky about because legal wouldn’t actually let me do it, I identified that Roblox, the app on in VR, was being used by coordinated pedophile rings,’ Savage said. ‘They set up strip clubs, and they paid children to strip.’
She added that Robux could be converted into real money.
Savage said she flagged the issue to Meta, saying under no circumstances should Meta host the Roblox app on the headset.
‘You can now download it in their app store,’ she said.
Later, under questioning, Savage told the panel she estimates any child in a social VR space will come in contact with, or be directly exposed to, something inappropriate.
‘She said every single child who goes into the platform will 100% be exposed to child sex abuse material. Every single one,’ Hawley told Fox News Digital Tuesday evening. ‘I just come back to the fact that we have got to protect our children.
‘It can’t be that if you go online as a kid, you are 100% likely to be sexually abused, and that’s what the witnesses said today. If you are online, if you’re on their virtual reality program platform rather, you are going to get sexually abused. That was their testimony.’
Hawley called out Zuckerberg for testifying on Jan. 31, 2024, that Meta does not allow people under the age of 13 on the service.
During his testimony last year, the CEO said anyone under the age of 13 will be removed from the service, and, in response to another question, Zuckerberg said Meta does not want users under the age of 13.
Hawley said Zuckerberg misled Americans with that testimony, pointing to whistleblowers who said under-13 users are rampant on the platform.
‘I don’t see how you can square what he told us under oath last year with what these whistleblowers said today,’ Hawley told Fox News Digital. ‘But that’s true of a lot of his statements. I mean, he said over and over, whether it’s the safety protocols Facebook has put into place, that’s not true.
‘Whether it’s regarding their work in China, he said, ‘Oh, we don’t do work in China.’ That is not true. He said, ‘We don’t have any contacts with the Chinese government.’ That’s not true. So, I mean, we’re really piling up a long list here.’
Hawley said he has called for Zuckerberg to testify again under oath, though he’s heard Meta isn’t interested.
Ultimately, Hawley said, it was time to ‘open the courtroom doors’ so victims and families can sue Meta for failing to protect children.
‘It is abundantly clear to me that it is time to allow parents and victims to sue this company,’ he said. ‘They have got to be able to get into court and to get in front of a jury and hold this company accountable, and that begins with Mark Zuckerberg. There has to be accountability. We have to open the courtroom doors and allow victims to have their day in court.’
Earlier this year, Hawley said he advanced legislation through the Judiciary Committee that would allow victims of child sex abuse online to sue Facebook or any Big Tech company where harm happens.
‘I don’t think we’re going to see real change at these companies until this becomes law and parents and victims can get into court and hold these people accountable,’ he said. ‘The bottom line is we’ve got to protect our kids. I mean, they’re making money by stealing the innocence of our children.’
Meta told Fox News Digital the company is training its artificial intelligence bots to not respond to teenagers on self-harm, suicide, disorder eating and potentially inappropriate romantic conversations, regardless of content. The company is also working to limit teen access to a select group of AI characters, ‘for now.’
Sen. Marsha Blackburn, R-Tenn., closed the meeting by inviting anyone from Meta to testify or challenge what was said.
‘I think that they see there is truly bipartisan anger, not only with Meta, but with these other social media platforms and virtual reality platforms and chatbots that are intentionally, knowingly harming our children,’ she said. ‘This has got to stop. Enough is enough.’
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House Republicans are having early talks about cracking down on crime nationwide, the No. 2 GOP lawmaker suggested on Tuesday.
‘There are discussions about addressing some of these problems at a more federal level, but right now, we’re focused on D.C.,’ House Majority Leader Steve Scalise, R-La., told Fox News Digital.
‘The president’s been very effectively reducing crime in D.C., and he’s got some limitations right now with a lot of these ordinances, and that’s what we’re focused on cleaning up.’
He added, however, ‘But we’re not done.’
It comes after President Donald Trump federalized the Washington, D.C., police force and deployed federal troops to the capital city in a bid to end violent crime. He’s now eyeing National Guard deployments in other cities across the country, though the idea has been met with criticism by Democrats.
The House Oversight Committee is slated to advance several bills dealing with D.C. criminal sentencing this week, which will likely get full House votes in the coming months.
Scalise’s comments suggest that while lawmakers are currently focused on overhauling Washington, D.C.’s criminal policies, it’s possible they could turn to the rest of the country at some point as well.
Trump similarly signaled last month that he wanted to see a bill dealing with crime across the U.S.
‘Speaker Mike Johnson, and Leader John Thune, are working with me, and other Republicans, on a Comprehensive Crime Bill. It’s what our Country needs,’ he wrote on Truth Social.
House GOP leaders also railed against crime in Democrat-run cities and states during their weekly press briefing on Tuesday – specifically their leaders’ opposition to National Guard deployments.
Such moves by the federal government could risk court battles with Democrat-run states and cities, as was the case when Trump sent the National Guard into Los Angeles earlier this year over the objections of California Gov. Gavin Newsom.
‘I mean, these mayors in these big blue cities have to ask this question – and I think their voters and the residents and the law-abiding citizens in all these cities should be asking local leadership, ‘How long are you going to put up with this? When are you going to put your foot down and do the right thing?’’ Speaker Mike Johnson, R-La., posed.
‘This is common sense. And I cannot, for the life of me, understand how the Democrats think this is some sort of winning political message. Yield, man. Let the troops come into your city, and show how crime can be reduced.’
Scalise, meanwhile, said at the press conference that Democrats ‘want crime to continue.’
‘They want to continue defunding the police and try to have it both ways. And President Trump is tired of that game, because he’s tired of watching people be hurt. There’s no reason for this violent crime wave that we see in so many cities,’ Scalise said.
‘So we’re going to continue to have the president’s back and, frankly, have the American people’s back, regardless of their party, regardless of what city they live in. Everybody deserves to be safe, and Republicans are going to continue to push policies to help put that in place.’
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Business tycoon Elon Musk agreed with Vice President JD Vance’s assertion that the bulk of violent crime is perpetrated by a small pool of people who should be locked up.
‘The big lie the Democrats told about violent crime is that it’s ‘systemic’ and therefore no one’s really responsible. If the ‘system’ is to blame then you fund a bunch of nonprofits that don’t do anything besides give jobs to underqualified radicals,’ Vance noted in a post on X. ‘The reality is that the gross majority of violent crime is committed by a very small group of people and we should be throwing them in prison.’
Musk agreed, saying that people who have greater sympathy for those likely to perpetrate murder than for those at risk of becoming murder victims are ‘disgusting.’
‘Yes,’ he commented when sharing Vance’s post. ‘What it comes down to is this: Do you have more sympathy for those highly likely to commit murder or more for those at risk of being murdered? If the former, you are a disgusting human being and yet so many on the radical left choose this!’
Republican Rep. Beth Van Duyne of Texas also shared Vance’s post.
‘The crime and homeless industrial complexes Democrats have set up with NGOs and nonprofits’ aren’t designed to solve problems,’ the congresswoman asserted. ‘Rather, they are fraudulent entities which exist to launder taxpayer dollars to enrich themselves, their friends, and further radical, pro-criminal policies that only endanger hard working Americans.’
Musk has also advocated for locking up repeat violent criminals for life.
‘A second conviction for aggravated violent crime should get life imprisonment,’ he wrote on X.
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Former Vice President Kamala Harris admits that former President Joe Biden got ‘tired’ while in office, but she insists there was no ‘big conspiracy’ to cover up his decline.
Harris made the claims in a newly released excerpt from her upcoming book, ‘107 Days,’ which details her experience running for president with frequent throwbacks to her time as number two in the White House. The excerpt, published by The Atlantic, focuses on her relationship with Biden and her frustration with how she was treated in the Biden-Harris administration.
‘Many people want to spin up a narrative of some big conspiracy at the White House to hide Joe Biden’s infirmity. Here is the truth as I lived it. Joe Biden was a smart guy with long experience and deep conviction, able to discharge the duties of president,’ Harris wrote. ‘On his worst day, he was more deeply knowledgeable, more capable of exercising judgment, and far more compassionate than Donald Trump on his best. But at 81, Joe got tired.’
‘That’s when his age showed in physical and verbal stumbles. I don’t think it’s any surprise that the debate debacle happened right after two back-to-back trips to Europe and a flight to the West Coast for a Hollywood fundraiser. I don’t believe it was incapacity. If I believed that, I would have said so. As loyal as I am to President Biden, I am more loyal to my country,’ she added.
Harris went on to complain that Biden’s staff didn’t give her the support she felt was necessary as vice president, on issues from foreign policy to illegal immigration.
She complained that getting the White House press office, including then-press secretary Karine Jean-Pierre, to defend her was ‘almost impossible.’
‘Worse, I often learned that the president’s staff was adding fuel to negative narratives that sprang up around me. One narrative that took a stubborn hold was that I had a ‘chaotic’ office and unusually high staff turnover during my first year,’ Harris wrote, going on to say that some people just can’t hack it in a White House role.
‘Their thinking was zero-sum: If she’s shining, he’s dimmed. None of them grasped that if I did well, he did well,’ she added regarding Biden’s staff. ‘That given the concerns about his age, my visible success as his vice president was vital. It would serve as a testament to his judgment in choosing me and reassurance that if something happened, the country was in good hands. My success was important for him.
The former vice president also said Democrats across the board should have been more aggressive in pushing Biden not to run, saying it was ‘reckless’ to leave the decision in his hands for so long.
”It’s Joe and Jill’s decision.’ We all said that, like a mantra, as if we’d all been hypnotized. Was it grace, or was it recklessness? In retrospect, I think it was recklessness. The stakes were simply too high. This wasn’t a choice that should have been left to an individual’s ego, an individual’s ambition. It should have been more than a personal decision,’ Harris wrote.
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–Well-Positioned for the Critical Minerals Supercycle–
Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. (‘Alphabridge’), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.
Alphabridge, based in Vancouver, Canada, is a corporate finance advisory firm that partners with growth companies to deliver strategic financial leadership across mergers & acquisitions (M&A), capital raising, valuation, and CFO services. In addition to its advisory practice, Alphabridge operates a dedicated equity research arm that focuses on providing independent coverage for companies operating at pivotal stages of development with significant growth potential. Alphabridge’s research is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense, and Thomson Eikon, as well as its newsletter with over 2,000 subscribers. Their coverage of Saga Metals is expected to highlight the Company’s strategic focus on its flagship Radar Ti-V-Fe Project in Labrador, Canada, and its emerging portfolio of critical mineral assets.
Their initiation report on Saga Metals, dated September 8, 2025, titled ‘Saga Metals Corp. (TSX.V: SAGA) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,’ underscores the Company’s potential to deliver value through its titanium-vanadium project.
The research report is available to view or to download from the firm’s websites: https://alphabridge.co/download-saga-metals-equity-research-report/ or upon written request sent to Alphabridge.
Alphabridge Group Inc.
Analyst: Vasant Jain, CFA
Email: vasant@alphabridge.co
Website: www.alphabridge.co
In addition, the research report will be disseminated through various third-party websites and major institutional platforms as outlined above.
Investors are encouraged to review the reports for detailed insights into Saga Metals’ projects and growth strategy. Alphabridge’s Initiation Research Report includes a third-party independent review of Saga Metals, an Enterprise Valuation Analysis and a Share Price Target completed by Alphabridge’s analyst, Vasant Jain, CFA.
The opinions expressed in the Research Report referenced above are the true opinions of the analyst about Saga Metals and its industry. Any ‘forward-looking statements’ are Alphabridge’s best estimates and opinions based upon information that is publicly available and that analysts believe to be correct but have not independently verified with respect to truth or correctness. There is no guarantee that the analyst’s forecasts will materialize. Actual results will likely vary. The analyst and Alphabridge do not own any shares of Saga Metals, do not make a market or offer shares for sale of Saga Metals, and do not have any investment banking business with Saga Metals. Although the Company has paid a fee to Alphabridge to subsidize the high costs of research and monitoring (just as fees are paid to bond-rating agencies and auditors for their opinions), the Company is not responsible for the content, accuracy or timelines contained in an analyst’s report, and the fee was not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 ‘Standards of Disclosure for Mineral Projects’ (‘NI 43-101’) and have not received any endorsement or approval by Saga Metals. As such, Saga Metals does not imply or in any way represent that any of the reports, opinions, estimates, or forecasts regarding Saga Metals made by research analysts comply with NI 43-101 or represent the opinions or beliefs of Saga Metals or its management or representatives. In addition to information filed by Saga Metals as found on SEDAR+ (www.sedarplus.ca), readers should only refer to the technical report(s) of Saga Metals relating to its projects for information about the projects prepared in accordance with NI 43-101. Alphabridge takes steps to ensure independence, including setting fees in advance and utilizing analysts who must abide by the CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, Alphabridge analysts may not trade in any security under coverage. Alphabridge’s full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, Saga Metals has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated.
About the Radar Ti-V-Fe Project in Labrador, Canada
The Radar Project, located 10 km from Cartwright in southeastern Labrador, covers 24,175 hectares and encompasses the Dykes River intrusive complex, a Mesoproterozoic layered mafic intrusion similar to globally significant AMCG suites. It resembles high-grade vanadiferous titanomagnetite (VTM) systems like China’s Panzhihua and Norway’s Tellnes deposits 1 , 2 . The project features a large oxide layering thickness spanning an inferred 20 km strike length, near-monomineralic VTM composition, and extensive tenures, positioning it as a potentially globally significant VTM source.
Figure 1: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.
The Company has completed a successful year of exploration activities, including geophysical surveys, a maiden drill campaign, geological mapping, petrographic analysis, and strategic infrastructure upgrades, which have significantly advanced the understanding of the property’s potential. The culmination of these activities has revealed that the oxide-rich layering is expressed as a magnetic high anomaly across a strike length of more than 20 km, forming the core of exploration within the Hawkeye and Trapper zones.
Figure 2: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .
SAGA’s 2025 Winter Drill Program at Radar:
Saga Metals completed a maiden 2,209-meter, seven-hole diamond drill campaign in the Hawkeye Zone, guided by 3D magnetic inversion and VLF-EM results. Drilling intersected broad zones of titanomagnetite-rich oxide layering with consistent grades of TiO2, V2O5, and Fe. The program identified a 300-400 m thick Lower Cumulate Layer within a 600 m tested thickness of layered gabbronorite, featuring interlayered gabbronorite and semi-massive to massive VTM bands. Highest V2O5 grades were in the lower 100-200 m, with length-weighted VTM averages of 20-35%, comparable to economic ranges in similar intrusions. Petrographic analysis confirmed preserved magmatic textures, supporting a robust interpretation of their geochemistry. These findings have significant implications for potential metallurgical simplicity and recovery efficiency.
From our assay results, we know the titanomagnetite mineralization is accompanied by vanadium. Ilmenite is almost entirely present as inclusions in magnetite. Similar to the Panzhihua deposit in China, VTM is expected to be recovered as a V-Ti-Fe concentrate. Panzhihua is the world’s largest single-site producer of Fe–Ti–V magnetite ore, resulting in a significant production volume of 40–50% of global vanadium supply, making it #1 globally 2 . The vertical integration of its production is primarily focused on the igneous layers of VTM.
In the case of Saga’s Radar project, the content of VTM is estimated from core observations and the modeling of the Hawkeye Zone 2025 drilling assay data. Pending are metallurgical tests to confirm the recoverable VTM and grades of concentrate.
Hawkeye Zone – Significant Drill Intersections
| Drill Hole | Interval Length (m) |
Average VTM (%) |
Maximum VTM (%) |
| R25-HEZ-01 | 263.5 | 25.90% | 35.16% |
| R25-HEZ-07 | 311.7 | 22.95% | 41.63% |
| R25-HEZ-04 | 208.5 | 29.59% | 35.20% |
| R25-HEZ-05 | 187.3 | 26.76% | 26.76% |
Maximum VTM is based on about a minimum 10 m interval
All intervals are within the Lower Cumulate Layer
Table 1: Lower Cumulate Layer highlighting the length of VTM intersections.
| SUMMARY OF DRILLING RESULTS – 2024-25 WINTER PROGRAM – LENGTH WEIGHTED AVERAGES | |||||||||
| Hole_ID | From | To | Length_m | Fe (%) | Fe3O4 (%) |
TiO2 (%) |
V2O5 (%) |
Estimated VTM (%) |
VTM Habit |
| R25-HEZ-01 | 4.5 | 268.0 | 263.5 | 17.53 | 24.20 | 3.66 | 0.17 | 25.90 | Evenly distributed mineralization |
| R25-HEZ-01 | 151.1 | 198.5 | 47.4 | 23.27 | 32.13 | 4.83 | 0.25 | 35.08 | Included Semi-Massive to Massive |
| R25-HEZ-01 | 206.0 | 218.7 | 12.7 | 23.38 | 32.29 | 4.74 | 0.26 | 35.16 | Included Semi-Massive to Massive |
| R25-HEZ-01 | 236.5 | 246.0 | 9.5 | 23.35 | 32.24 | 4.65 | 0.28 | 35.04 | Included Semi-Massive to Massive |
| R25-HEZ-02 | 1.5 | 62.2 | 60.7 | 14.29 | 19.73 | 3.24 | 0.10 | 20.94 | Intercumulus |
| R25-HEZ-02 | 39.5 | 62.2 | 22.7 | 15.13 | 20.90 | 3.43 | 0.10 | 22.30 | Intercumulus |
| R25-HEZ-02 | 122.5 | 300.0 | 177.5 | 12.49 | 17.25 | 3.86 | 0.07 | 19.04 | Intercumulus |
| R25-HEZ-03 | 4.0 | 149.0 | 145.0 | 14.69 | 20.28 | 3.13 | 0.10 | 21.38 | Intercumulus |
| R25-HEZ-04 | 4.5 | 98.8 | 94.3 | 13.85 | 19.12 | 2.96 | 0.10 | 20.05 | Intercumulus |
| R25-HEZ-04 | 99.6 | 308.0 | 208.5 | 19.92 | 27.51 | 3.99 | 0.22 | 29.59 | Intercumulus |
| R25-HEZ-04 | 222.0 | 272.2 | 50.2 | 23.40 | 32.32 | 4.54 | 0.29 | 35.02 | Included Semi-Massive to Massive |
| R25-HEZ-05 | 4.5 | 117.2 | 112.7 | 14.21 | 19.62 | 3.31 | 0.09 | 20.89 | Intercumulus |
| R25-HEZ-05 | 117.2 | 304.5 | 187.3 | 18.06 | 24.94 | 3.77 | 0.18 | 26.76 | Intercumulus |
| R25-HEZ-06 | 75.5 | 293.0 | 217.5 | 14.34 | 19.80 | 3.07 | 0.12 | 20.85 | Intercumulus |
| R25-HEZ-06 | 265.0 | 293.0 | 28.0 | 20.11 | 27.77 | 4.22 | 0.21 | 30.08 | Included Higher Grade |
| R25-HEZ-07 | 2.3 | 314.0 | 311.7 | 15.94 | 22.02 | 2.88 | 0.18 | 22.95 | Intercumulus |
| R25-HEZ-07 | 86.8 | 205.2 | 118.4 | 23.22 | 32.07 | 4.51 | 0.30 | 34.75 | Included Semi-Massive to Massive |
| R25-HEZ-07 | 225.7 | 236.0 | 10.3 | 27.55 | 38.05 | 5.34 | 0.38 | 41.63 | Included Semi-Massive to Massive |
| Intervals with >35% VTM = Semi-Massive to Massive VTM | |||||||||
| Intervals with >20% VTM = Intercumulus VTM, with some layers of semi-massive to massive VTM. | |||||||||
| Fe₃O₄ (%) is calculated as: Fe (%) × 1.381 | |||||||||
| VTM (%) is calculated using: (Fe₃O₄ − 2.13) + TiO₂ + V₂O₅ | |||||||||
| Length is the core interval. True thickness are about 80% of the core interval. | |||||||||
Table 2: Summary of Saga Metals Radar Project 2025 drill results on the Hawkeye zone with VTM calculation & classification
SAGA’s 2025 Summer Exploration Program at Radar:
Following drilling, Saga expanded geophysics in the Trapper and Northwest Zones, confirming a 3.3 km continuous magnetic anomaly in Trapper with readings up to 115,498 nT, open along strike. Infrastructure upgrades included clearing a logging road and building a 4 km access trail, enabling 504 square meters of trenching that exposed semi-massive and massive mineralization at the surface.
Figure 3: Radar Project’s Trapper Zone depicting a 3 km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will support a new diamond drilling program.
Community support remains a cornerstone of the Company’s operations in Labrador. In April 2025, the Town of Cartwright issued an official letter of support for SAGA and its ongoing exploration efforts at Radar. The Company has maintained a collaborative relationship with local stakeholders and engaged community members directly in field operations, exemplified by the involvement of Cartwright-based personnel in geophysical surveys and logistical operations. The town’s proximity to the project provides reliable all-season road access, deep-water port facilities, a regional airport, and close access to hydroelectric power infrastructure.
To strengthen technical governance and ensure compliance with National Instrument 43-101 standards, Saga appointed Paul J. McGuigan, P.Geo., as the Company’s Independent Qualified Person in June 2025. Mr. McGuigan brings over five decades of experience in layered mafic intrusions, deposit modeling, QA/QC, and resource classification methodologies. His oversight has reinforced the integrity of the exploration approach and supports the Company’s technical reporting as it advances toward resource delineation.
Looking ahead, Saga Metals is preparing for an expanded drilling program at the Trapper Zone, informed by inversion modeling and surface trenching results. The 2025 field campaigns will prioritize resource expansion, metallurgy sampling, and structural mapping to support a future mineral resource estimate.
Saga Metals Corp. remains committed to responsible exploration, strong community engagement, and the strategic development of critical metals that support decarbonization and energy security.
Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.
Saga Metals’ Corporate Video
Please find below Saga Metals’ corporate video, produced by Pinnacle Digest, providing an overview of the Company as well as highlighting the key characteristics and developments of the Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in Labrador, Canada.
A Media Snippet accompanying this announcement is available by clicking on this link.
_________________________
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations 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, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
Photos accompanying this announcement are available at:
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Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces further high-grade channel samples from its ongoing trenching program at the Tapanahony Project in Suriname. The sampling is being conducted concurrently with diamond core drilling at the Randy trend on the project. An interval of 5 metres that averaged 8.9 gramstonne (gt)* gold was mapped and sampled (see Table 1). The trench is west of the previously announced trench 25RACH-001 (see news release dated August 7, 2025). Trenching is being used to extend mineralization at Randy’s Pit as well as the area of historical drilling by Iamgold. This trench is the western extension of previously sampled zones 150 metres south of Randy’s Pit (see Figure 1).
Mineralization is hosted within northeast striking sheared felsic intrusive lithologies within a siltstone-basalt sequence encountered at Randy’s Pit. This northeast-oriented mineralized interval is parallel to similar shears in trench 25RACH-002, where a grab sample of 57 g/t was taken. Trenches are being excavated south of Randy’s Pit to extend the Randy’s Pit mineralized corridor for future drilling. The observation of northeast shearing is further evidence of the complexity of the mineralized system, which is positive for gold mineralization.
Table 1: Mineralized zone in trench 25RACH-005.
| Sample ID | Easting | Northing | FROM (m) | TO (m) | INTERVAL (m) | FA Au (g/t) |
| 1862939 | 766430.2 | 455047.0 | 57 | 58 | 1 | 0.03 |
| 1862941 | 766428.7 | 455047.6 | 59 | 61 | 1 | 0.09 |
| 1862942 | 766428.0 | 455049.1 | 61 | 63 | 2 | 18.78 |
| 1862943 | 766428.0 | 455049.0 | 62 | 63 | 1 | 3.61 |
| 1862944 | 766428.0 | 455049.1 | 63 | 64 | 1 | 1.93 |
| 1862945 | 766426.6 | 455052.9 | 64 | 65 | 1 | 1.56 |
| 1862946 | 766428.6 | 455052.9 | 65 | 66 | 1 | 0.45 |
| 1862947 | 766425.0 | 455055.3 | 67 | 69 | 2 | 0.12 |
| 1862948 | 766415.0 | 455054.5 | 69 | 71 | 2 | 0.09 |
*Cutoff of 1 g/t
Dr. Dennis LaPoint, EVP of Exploration and Corporate Development, commented: ‘Trenching is the ideal tool to continue to extend the near surface expression of gold mineralized on the Randy trend. Trenches are selected based on topography and geology to best sample saprolite (weathered bedrock). For this trench, we are resampling the mineralized interval and adjoining channel samples to verify results and understand assay variability.’
Figure 1: Recent drone image looking down eastward showing ongoing trenching on the Randy trend.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/265575_43753fbbb44e38cf_001full.jpg
Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/t were re-assayed with 50-gram re-assay and gravimetric assay. Standard QA/QC procedures were followed which showed a satisfactory level of reproducibility. Reject samples will be sent to an independent lab for confirmation of assay results following standard procedures. Channel sampling, trenching and drilling are used to determine average grade and thickness. The Company notes that the channel samples may not represent true thickness of mineralization.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas of Suriname.
Sranan Gold also owns the Aida Property consisting of five mineral claims within the Kamloops Mining Division in British Columbia, Canada.
For more information, visit sranangold.com.
Qualified Person
Dr. Dennis J. LaPoint, Ph.D., P.Geo. a ‘qualified person’ as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s EVP of Exploration and Corporate Development.
Information contact
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
Forward-looking statements
Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.
Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
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VANCOUVER, BC TheNewswire – September 9, 2025 Heritage Mining Ltd. (CSE: HML FRA: Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce a confirmed broad gold zone within a newly discovered ~74m wide quartz vein system (true width unknown) associated with a magnetic anomaly that extends for ~4km along strike length and up to 200m in width (Figure 1, 2) at its flagship Drayton Black Lake Project. Scout drilling targeted this previously unrecognized magnetic feature at Zone Three Extension, as part of the ongoing 2025 Exploration Scout Drill Program.
DBL Exploration Update Highlights
Drilling at Drayton-Black Lake (‘ DBL ‘) Zone 3 Extension prospect confirms gold mineralization over broad widths and associated with a thick quartz vein structure that is up to 74m in core length (true width unknown) as initially reported in Heritage’s press release dated May 15, 2025 and July 22, 2025.
Drill Hole HML25-013 intersected
-
0.98 g/t Au over 5.00m from 101.00m (Figure 3)
-
1.11 g/t Au over 11.09m from 115.91m
Including: 4g/t Au over 2m from 125m (Figure 3)
‘We are very pleased with the discovery of such a wide quartz vein structure. Our limited drilling has now confirmed a broad zone of gold mineralization associated with the ‘mega-quartz vein structure’. The Company is excited by the potential this vein system exhibits, and we look forward to further communicating the next steps as well as findings on our other projects to the market in short order.’ Commented Peter Schloo, President, CEO and Director of Heritage Mining Ltd.
‘The intersection of very wide (~74m wide in core length, HML25-013) strongly deformed quartz vein in drill holes from Zone 3 Extension in the Lake of Bays Batholith was a great proof of concept for our geology/mineralization model. Multiple stages of deformation, fluid ingress, alteration, and sulphide deposition are evident within the quartz vein system. The return of assays showing a composite interval of 0.98 g/t Au over 5.00m and 1.11 g/t Au over 11.09m (including 4g/t Au over 2m from 125m) in hole HML25-013 provides further encouragement for discovery and support of our model.’ Commented Brett Davis, Structural Geologist Consultant to Heritage Mining Ltd.
Click Image To View Full Size
Figure 1: HML25-013, 014 Cross section with 2024 Drone Mag Survey
Click Image To View Full Size
Figure 2: Showing the completed and proposed holes testing the northeast-southwest trending magnetic lineament
Discussion of Results
DBL – Zone 3 Extension
The 2025 scout drill program at Zone 3 Extension targeted granite-hosted mineralised quartz-vein structures that were first discovered in the HML Zone 3 drilling program of August 2024 (Figure 2). The recently completed drill program comprised 4 holes for a total 1105.5m. Drilling targeted a northeast-southwest trending magnetic lineament, which appears to control the quartz veining. Drilling is considered a technical success with two ( HML25-011 and 013 ) of the four holes intersecting a well-developed quartz vein structure, including drill hole HML25-013 that intersected a 74m wide vein structure (true width unknown). Assays received for HML25-010, 011, 012, 13, 14.
Assay results from HML 25-013 confirm broad gold mineralization. Based on the Drone Magnetic survey, the ‘mega-quartz vein structure’ has a potential strike length of ~4km and warrants additional exploration drilling.
|
Hole_ID |
Target |
From(m) |
To(m) |
Au g/t |
Length(m) |
Composite |
|
HML25-013 |
Zone 3 |
101.11 |
106.00 |
0.98 |
5.00 |
5 m of 0.98 g/t Au |
|
HML25-013 |
Zone 3 |
115.91 |
127.00 |
1.10 |
11.09 |
11.09 m of 1.10 g/t Au |
|
Incl. |
Zone 3 |
125.00 |
127.00 |
4.00 |
2.00 |
2.0 m of 4.00 g/t Au |
Internal dilution is no more then 0.20 g/t Au over a 5m interval.
Click Image To View Full Size
Figure 3: HML25-013 Box 29, 126.66m to 126.45m Mineralization Photo (4g/t Au over 2m from 125m interval)
Click Image To View Full Size
Figure 4: HML25-013 Box 24 (103.29m – 107.68m) 1.83 g/t Au from 103.5m
Assay results from HML 25-014 confirm anomalous gold values outside the quartz vein zone and inside the granite batholith providing support of a potential mineralized vein system.
HML25-014 Highlights:
-
-
-
-
0.87 g/t Au over 0.46m from 310.82m
-
0.63 g/t Au over 0.52m from 315.75m
-
-
-
Assays for HML25-010 & 011 & 14 confirm locally elevated gold values in the vein structure per press released July 22, 2025 with HML25-014 missing the structure due to dip direction.
Conclusion
The Company believes additional drilling is warranted to test along this major quartz vein structure along strike. The Company has proposed an additional 10 holes to test along a 2km strike length of the magnetic lineament (Figure 3) the complete program proposal for the remainder of 2025 will be communicated in short order.
Qualified Person
Stephen Hughes P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.
Technical Program
Heritage Mining adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.
Sampling, Sub-sampling, and Laboratory Analysis for Heritage Mining Drayton Black Lake Project All drilling at the Drayton Black Lake project recovers NQ core. Drill core is systematically split in half using a diamond saw. A qualified geologist examines the drill core, marking intervals for sampling and indicating the cutting line. Sample lengths are typically 1.0 metre, adjusted to a minimum length of 0.5 metre as necessary to respect lithological and/or mineralogical contacts and to isolate narrow veins or structures that may contain higher-grade mineralization.
Technicians saw the core along the cutting lines determined by the geologist. One half of the core is retained as a witness sample, while the other half is submitted for analysis. Individual sample bags are securely sealed and placed into sealed bags, which are then clearly marked with their contents.
Heritage Mining submits samples for gold determination by PhotonAssay to ALS Canada Ltd. (‘ ALS ‘). ALS operates under a commercial contract with Heritage Mining.
Drill core samples are shipped to ALS for sample preparation at their facilities in Thunderbay Ontario. ALS is an ISO/IEC 17025:2017 accredited laboratory for the PhotonAssay method in addition to a variety of diverse metal determination methods.
Analytical Procedures
The ALS procedure for PhotonAssay involves lab applying preparation codes LOG-21 (sample logging via barcode), CRU-31 (fine crushing so that 70% passes through a 2mm screen) and SPL-32a (rotary splitting of a representative ~500g subsample) followed by analytical code Au-PA01 which is a non-destructive gold analysis method using high-energy X-rays with a gold detection range from 0.03 ppm to 350ppm.
After gold assays are returned, Heritage then may choose to perform multi-element assays on selected samples based on the gold results. In these cases, sample preparation codes FND-05 (locate and use remaining crushed material from Au-PA01) and PUL-32m (pulverization so that >85% passes 75 µm screen) are then applied followed by analytical code ME-MS61 (multi-element ICP-MS analysis for base metals, pathfinder elements, lithophile elements and rare earth elements).
________________________________________
Quality Assurance/Quality Control (QA/QC)
The drill program design, QA/QC, and interpretation of results are performed by qualified persons employing a rigorous QA/QC program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples, in addition to the laboratories’ internal quality assurance programs.
Quality Control data are meticulously evaluated upon receipt from the laboratories for any failures. Appropriate corrective action is taken if assay results for standards and blanks fall outside allowed tolerances. All results disclosed by Heritage Mining have successfully passed the Company’s stringent quality control protocols.
The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed. The assay data disclosed in this press release have been verified by the Company’s Qualified Person against the original assay certificates.
Heritage Mining notes that it has not completed any economic evaluations of its Drayton-Black Lake Project, and the project does not currently have any resources or reserves.
ABOUT HERITAGE MINING LTD.
The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community.
For further information, please contact:
Heritage Mining Ltd.
Peter Schloo, CPA, CA, CFA
President, CEO and Director
Phone: (905) 505-0918
Email: peter@heritagemining.ca
FORWARD-LOOKING STATEMENTS
This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
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S eptember 9, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (‘Blue Lagoon’ or the ‘Company’) (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to provide an update on its Dome Mountain Gold Project, where the Company is nearing final commissioning of its Moving Bed Biofilm Reactor (MBBR) water treatment system – the final step required before commencing blasting.
The Company expects the MBBR to be fully activated within the next 7 to 10 days , at which point the water treatment plant will be fully commissioned and blasting can begin. In the meantime, underground preparation work is scheduled to start this week to ensure the operation is fully ready for the start of mining.
Underground Work To Commence This Week
Work beginning this week includes:
-
Establishing emergency egress exit points – ensuring all ladders are secure and viable.
-
Bolt testing – testing approximately 10% of bolting as per the Ground Control Management Plan.
-
Re-establishing the ventilation system – moving and wiring underground fans and ventilation ducts.
-
Clearing and fortifying underground magazine storage units and purchasing explosives.
-
Moving small waste piles to improve efficiency once blasting begins.
-
Cleaning the underground sump.
-
Drilling at the rollover to establish the first exposed ore face.
Once the MBBR system is commissioned (expected in the next 7 to 10 days), drilling and blasting will begin immediately at both the rollover and in the incline (development work).
‘We are now extremely close to begin mining,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘The MBBR commissioning at Dome Mountain is the last remaining step before blasting can commence, and our crews are already underground preparing for operations. We expect to transition quickly into production and near-term cash flow once the system is online.’
To further strengthen its operational readiness, Blue Lagoon has added two experienced professionals to its team:
Michael Kendall – Underground Mine Supervisor
Mr. Kendall brings more than three decades of hands-on underground mining experience, with a proven track record of leading safe, efficient, and high-performing crews across some of Canada’s most notable operations, including Eskay Creek, Rice Lake, Myra Falls, Red Chris, and Minto.
-
Former Underground Mine Manager at Fortis Mining and Underground Supervisor at Barminco (Red Chris).
-
Extensive experience in mine planning, development, and production management, including recommissioning and optimization of underground operations.
-
Recognized Mine Rescue Captain, with multiple provincial championships and decades of safety leadership.
Mr. Kendall’s deep operational knowledge and safety-first approach will be instrumental as Dome Mountain transitions from development into steady-state production.
Dr. Francis Salifu – Environmental Manager
The Company has also appointed an Environmental Manager, a seasoned professional with over 15 years of progressive experience in mining-sector environmental management, including more than five years in senior supervisory roles.
-
PhD in Environmental Science.
-
Expertise in ML/ARD mitigation, water quality and water balance modeling, and biochemical reactor (BCR) systems.
-
Formerly with Conuma Resources, PwC, and the Alberta Energy Regulator, where they developed integrated environmental management programs and improved site compliance by more than 60%.
-
Skilled in stakeholder engagement with regulators, consultants, and Indigenous communities, with a strong focus on sustainability and continuous improvement.
This appointment underscores Blue Lagoon’s commitment to the highest standards of environmental compliance and responsible mining as production begins.
‘As we prepare for mining and near-term cash flow, building the right team is critical,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘Michael’s extensive underground experience and Francis’s proven leadership in sustainability both strengthen our operational readiness. These hires reinforce our commitment to safety, environmental stewardship, and efficient execution at Dome Mountain
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: rana@bllg.ca
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change
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