Talon Metals Makes Exceptional Massive Sulphide Discovery at Tamarack During Feasibility Study Drilling
Discovery coincides with the announcement of the Administration's Executive Order: "Immediate Measures to Increase American Mineral Production"
Tamarack, Minnesota--(Newsfile Corp. - March 26, 2025) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (together with its subsidiaries, "Talon" or the "Company"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ("Tamarack Nickel Copper Project") in central Minnesota and the operator of the Boulderdash nickel copper discovery and numerous high-grade nickel-copper prospects in the Upper Peninsula of Michigan, is pleased to announce a significant massive sulphide intercept measuring over 8.25 meters at the Tamarack Nickel Copper Project.
Figure 1: Photo of drill core from the extension of drill hole 16TK0250 at 707.75 meters depth showing 8.25 meters of massive sulphide
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2443/246253_talon_fig1.jpg
Highlights:
Since Talon's press release dated February 3, 2025, Talon's in-house exploration team has been 'Infilling' and 'Outfilling' the Tamarack Resource Area for purposes of completing a feasibility study at the Tamarack Nickel Copper Project. This work is in support of Talon's Proposed Action (a highly detailed project description) in its Environmental Assessment Worksheet to support the preparation of an Environmental Impact Statement.
Historic drill hole 16TK0250 was re-examined and extended from 649m depth in order to evaluate a subtle Borehole Electromagnetic ("EM") response observed in the data.
The drill hole encountered significant mineralization at a depth of 707.75 meters, drilling 8.25 meters that was logged as 95% sulphide content (the higher the percentage of sulphide, the higher the grade of nickel at the Tamarack Nickel Copper Project).
Notably, the intercept is located approximately 150 meters below and 50 meters south of the known massive nickel-copper mineralization within the Tamarack Resource Area, where drill hole 13TK0171 intercepted 7.74m of massive sulphide assaying 8.01% Ni, 2.87% Cu, 1.16 ppm Pd+Pt+Au or 9.51% NiEq (see the November 2022 Technical Report for further technical information). The percentage of sulphide content logged over the 7.74m interval was approximately 90%.
Its position below the existing resource is significant, as it may represent a potential pathway or pooling of massive sulphides into a new zone that:
Could be laterally extensive as it's an area with a lack of drilling (see Figure 2).
Based on logging by Talon's in-house exploration team, could host some of the highest-grade nickel and copper mineralization discovered to date at the Tamarack Nickel Copper Project (see Figure 2).
A Borehole EM survey conducted on the extension of 16TK0250 has identified a strong off-hole conductor, which is a typical vector to high-grade mineralization.
Follow-up drill holes into this Borehole EM anomaly are currently underway.
Figure 2: Tamarack Resource Area showing location of the new 8.25m intercept in relation to the mineralized domains.
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2443/246253_ee54b59834c4daab_002full.jpg
Brian Goldner, COO and Chief Exploration Officer of Talon, commented on the recent results, stating: "Our exploration team has done it again, using borehole EM to guide the in-house drilling capability resulted in an exciting discovery in an area that is outside of the Tamarack resource." Goldner continued, "Our mineralization model for Tamarack is that the nickel mineralization was draining down through the intrusive system and pooled up at the bottom of the MSU near the 14TK0171 intercept. Instead of terminating there, this drilling clearly shows that the MSU continued to drain further down into a new area that currently has a lack of drilling. This type of pooling is also seen at the world's most prolific high-grade nickel producer, in Noril'sk Russia, once again showing similarities that Tamarack shares with the global giants."
"The Administration's Executive Order: "Immediate Measures to Increase American Mineral Production" from March 20, 2025, is a clear call to accelerate the discovery and development of America's critical minerals. Talon is uniquely positioned to respond - we operate the only integrated geophysics and drilling team in the United States dedicated to finding new sources of domestic nickel, copper, and cobalt. If exploration were surgery, the drill bit would be the scalpel - and Talon's geophysics team is the MRI that guides it. By combining real-time data with precision targeting, we dramatically shorten the timeline to discovery and delineation. That's the kind of speed and focus America needs right now," said Henri van Rooyen, CEO of Talon.
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
Please see the technical report entitled "November 2022 National Instrument 43-101 Technical Report of the Tamarack North Project - Tamarack, Minnesota" with an effective date of November 2, 2022 ("November 2022 Technical Report") prepared by independent "Qualified Persons" (as that term is defined in National Instrument 43-101 ("NI 43-101")) Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng) and Christine Pint (P.G) for information on the QA/QC, data verification, analytical and testing procedures at the Tamarack Nickel Copper Project. Copies are available on the Company's website (www.talonmetals.com) or on SEDAR at (www.sedar.com). The laboratory used is ALS Minerals who is independent of the Company.
Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news release are solely those of the Company. The locations and distances highlighted on all maps in this news release are approximate.
Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.
Where used in this news release:
NiEq% = Ni% + Cu% x $3.75/$9.50 + Co% x $25.00/$9.50 + Pt [g/t]/31.103 x $1,000/$9.50/22.04 + Pd [g/t]/31.103 x $1,000/$9.50/22.04 + Au [g/t]/31.103 x $1,400/$9.50/22.04
ABOUT TALON
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.
For additional information on Talon, please visit the Company's website at www.talonmetals.com or contact:
Media Contact:Cody Mayer(218) 460-9968mayer@talonmetals.com
Investor Contact:Mike Kicis1 (647) 968-0060kicis@talonmetals.com
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to future exploration work, including future drill results and assays. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Table 1: Collar Location of Drill Hole 16TK0250
Hole #
Easting (m)
Northing (m)
Elevation (masl)
Azm
Dip
End Depth (m)
16TK0250
490999.27
5168292.83
388.43
167.6
-88.18
1017.12
Collar coordinates are UTM Zone 15N, NAD83.Azimuths and dips are taken from the survey record at collar unless otherwise noted.
Table 2: Quick Lithology Log for Drill Hole 16TK0250
Hole #
From (m)
To (m)
Length
Quick Log
% Sulphides
16TK0250
0
648.92
Previously drilled in 2016
648.92
653.31CGO
Traces
653.31
707.75SED707.75
716
8.25
MSU
95%
716
717.5SED717.5
757.91CGO
0.5-6%
757.91
826.62SED826.62
1017.12CGOQuick lithology log of drill holes: Meta-sedimentary rocks (SED); Coarse-grained Orthocumulate (CGO); Massive sulphide (MSU).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246253
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Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath Silver") is pleased to provide the final assay results from its Phase 2 diamond drill program at the Berenguela silver-copper-manganese deposit located in the Department of Puno in southern Peru. Results are included for 12 holes from the initially planned 60-hole (4,600m) program of diamond core drilling which the company increased to 82 holes (5,329m of core) due to positive geological results. Hole AFD139, on the most easterly section of drilling, returned a significant copper intercept indicating that the mineralisation remains open to the east. Highlights of the current drilling include: AFD144 intersected 13.8m @ 558g/t Ag + 3.16% Cu + 15.06% Mn from 23.2m down hole, including 5.6m @1053g/t Ag + 2.85% Cu + 15.80% Mn from 31.4m down hole; AFD139 cut 68.9m @ 78g/t Ag + 1.19% Cu + 6.03% Mn from 6.4m down hole; Ralph Rushton, President and CEO, commented "These results conclude our reporting of our Phase 2 diamond drill program and a revised mineral resource estimate including both Phase 1 and Phase 2 drilling is now underway. We are very pleased to report that one of our most easterly holes, AFD139, cut strong mineralisation and the resource appears to remain open to the east. This is an area we will tackle in the future as access needs prepared due to steep topography. Our technical team also clarified the geology of some faulted areas by targeted drilling." Full results for 12 holes are in the table below and a table of collar coordinates and hole azimuths is appended at the end of this release. Drill collar plans and cross sections are available at this link: Table 1. Assay results, holes AFD104, AFD120-AFD121, and AFD137 - AFD145 Hole From To Width1 (m) Ag g/t Cu % Mn % Zn % Recovery (%) Voids* Far Eastern Ridge AFD120 0.00 32.50 31.10 143 0.71 7.00 0.79 95 1.4 and 86.60 101.05 14.45 71 0.22 1.40 0.22 93 - AFD121 0.00 38.50 36.90 110 0.38 2.44 0.32 90 1.6 Hole From To Width1 (m) Ag g/t Cu % Mn % Zn % Recovery (%) Voids* AFD139 6.40 75.30 68.90 78 1.19 6.03 0.55 100 - AFD140 46.50 49.30 2.80 42 0.62 2.56 0.14 100 - Syncline - flank of Southeastern Antiform AFD104 0.00 1.90 1.90 33 1.34 16.25 0.78 100 - AFD137 0.00 10.10 10.10 79 1.14 8.46 0.60 79 - AFD138 0.00 15.30 15.30 115 0.95 7.73 0.47 100 - AFD141 0.90 13.40 11.00 178 0.87 12.17 0.51 100 1.5 AFD142 4.00 21.40 16.40 60 0.90 13.33 0.79 92 1.0 Central Fault Zone AFD143 3.65 8.10 4.45 50 0.65 2.78 0.17 100 - and 20.50 52.50 30.60 129 1.48 15.64 0.50 100 1.4 inc. 45.70 50.29 4.50 340 4.00 11.36 0.30 100 - AFD144 23.20 37.00 13.80 558 3.16 15.06 0.20 100 - inc. 31.40 37.00 5.60 1053 2.85 15.80 0.21 100 - AFD145 0.00 36.45 29.05 233 1.59 16.06 0.29 100 7.4 inc. 13.75 23.40 9.65 276 3.58 21.14 0.27 100 - *Reported intersection widths are shorter than total widths drilled where voids due to historic underground mining activity were encountered during drilling. Voids were measured and discounted from the intersection width with no dilution of the reported grades. In AFD121 a void of 1.4m was encountered in an area of near-surface working resulting in an intersection width of 31.10m. In AFD121 a void of 1.6m was encountered in an area of near-surface workings resulting in an intersection width of 36.90m. In AFD141 a void of 1.5m was encountered in an area of near-surface workings resulting in an intersection width of 11.0m. In AFD142 a void of 1.0m encountered in an area of sub-surface workings resulting in an intersection width of 16.40m. In AFD143 a void of 1.4m was encountered in an area of sub-surface workings resulting in an intersection width of 30.60m. In AFD145 voids totalling 7.4m were encountered in areas of near- and sub-surface workings resulting in an intersection width of 29.05m. Berenguela mining: from 1913 until 1965 approximately 500,000 tons was mined from 17,700m of underground workings and open pit operations which equates to roughly 1.2% of the 2023 M&I resource inventory. Aftermath obtained complete plans of underground workings which were incorporated into resource modelling where practical and appropriate and underground mining depletion subtracted from the mineral resource. All open pits have been surveyed in detail as part of the general site layout that defines topography and surface mining depletion.1 The drilling was carried out at a high angle to the stratigraphically controlled mineralization and intersections can be assumed to equate approximately to true thickness. Drilling was carried out at a high angle to mineralization controls and intersections are assumed to equate to true thickness. Drill sections are available on Aftermath's website ( or by clicking here. The weighted average core recovery in the mineralized intersections was 97%. Some lower recoveries were returned close to surface (0 to 5m) in initial drilling runs, and around some underground workings. The geology of each hole is summarised at the end of this release. Objectives of Drilling Holes AFD120, AFD121 and AFD139 and AFD140, targeted the far eastern ridge area of the existing mineral resource. These were sited to extend and define the margin of mineralization whilst converting inferred resources to indicated and/or measured categories where appropriate. Holes AFD139 and AFD140 are the furthest east drilled by Aftermath and essentially the last holes drilled eastwards on the Berenguela drill grid. As noted above, significant mineralisation was encountered which remains open eastwards. Steep topography prevented further drilling without access preparation which is planned in due course. AFD104, AFD137, AFD138, AFD141 and AFD142 targeted a syncline that forms the southern flank of the southeastern antiform. Shallow, thin mineralisation was expected. The holes were designed to extend and define the margin of mineralization whilst converting inferred resources to indicated and/or measured categories where appropriate. Holes AFD143 to AFD145 targeted the core mineralisation of the central area close to old open pits: a structurally complex zone with faulting parallel to section separating Domain 1 to the west and Domain 2 to the east. The results of this and previous drilling confirmed that the mineralisation traversed the faulting, hence the faulting must be an older event than the intense MnO alteration and associated silver-copper mineralisation. Drilling was designed to convert inferred resources to indicated and/or measured categories where appropriate. Geology The host stratigraphy at Berenguela comprises folded thickly bedded, light grey limestones and dolomitized limestones. Several large bodies of black massive, patchy, and fracture-controlled manganese oxide replacement mineralization with associated silver, copper, and zinc enrichment, occur in the folded limestones. Mineralization largely follows stratigraphy and is typically conserved as eroded synform or antiform remnants, usually exposed at surface and with fold axes trending 105-120 degrees. Generally, the limestone is underlain by a transitional arenite unit overlying evaporites in footwall formations. In the area covered by this release, the eastern margin of mineralization, the arenites and evaporites were not generally encountered suggesting the limestone sequence is thickening eastward and downfaulted in blocks. Historical mapping and resource modelling shows mineralization to extend for roughly 1,300m along strike. 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Aftermath commissioned OREAS to prepare 3 different CRMs made from samples of Berenguela mineralization, so they are compositionally matched to the mineralized core. In the assays performed for this news release, 65 CRMs and 33 coarse blanks were inserted and 4 elements checked (Ag/Cu/Mn/Zn) - a total of 392 checks in total. The CRMs generally performed well, and 2 CRM fails were observed in total. Two fails were reported for low range Mn. No fails were reported for Ag or Cu. Mid-range Cu, Mn and Ag CRMs reported to specification limits. High grade Cu, Mn, and Ag CRMs reported to specification limits. All pulp blanks and coarse blanks reported to specification limits. 32 duplicate samples were submitted and >80% reported repeat assays with a difference <25% to original assay. Qualified person Michael Parker, a fellow of the AusIMM and a non-independent director of Aftermath, is a non-independent qualified person, as defined by National Instrument 43-101. Mr. Parker has reviewed the technical content of this news release and consents to the information provided in the form and context in which it appears. Berenguela Project: Background The Company has an option to acquire a 100% interest in Berenguela through a binding agreement with SSR Mining. Berenguela hosts a potentially open-pittable silver-copper-manganese resource close to Santa Lucia in Puno province, southern Peru. Silver, copper and manganese have crucial industrial applications in the clean energy and battery spaces. Copper and manganese have been designated critical metals by the US government and the European Union. The project is less than 6km from road, rail and power lines and 4 hours from Arequipa by sealed road. Aftermath published a resource estimate in March 2023 based on over 300 core and RC holes. Metallurgical test work is underway adding to historic work, with the goal of producing silver and copper metal and a commercial battery-grade or fertilizer-grade manganese product. About Aftermath Silver Ltd. Aftermath Silver is a leading Canadian junior exploration company focused on the development of critical metals projects. Aftermath is a preeminent silver development company with significant leverage to copper and high purity battery grade manganese. The Company's flagship asset is the Berenguela silver, copper and manganese deposit located in Southern Peru. ON BEHALF OF THE BOARD OF DIRECTORS "Ralph Rushton" Ralph RushtonCEO and Director604-484-7855 The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information Certain of the statements and information in this news release constitute "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to interpretation of exploration programs and drill results, predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking statements. 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 or developments may differ materially from those in the forward‐looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include, but are not limited to, changes in commodities prices; changes in expected mineral production performance; unexpected increases in capital costs; exploitation and exploration results; continued availability of capital and financing; differing results and recommendations in the Feasibility Study; and general economic, market or business conditions. In addition, forward‐looking statements are subject to various risks, including but not limited to operational risk; political risk; currency risk; capital cost inflation risk; that data is incomplete or inaccurate. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors, accessible through Aftermath Silver's profile at There is no certainty that any forward‐looking statement will come to pass, and investors should not place undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to any of the forward‐looking statements in this release, except as required by law. Cautionary Note to US Investors - Mineral Resources This News Release has been prepared in accordance with the requirements of Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (''NI 43-101'') and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC"), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies. Table 2. Collar locations, depths, azimuth and dips. Section 1300E Hole WGS84 X WGS84 Y WGS Z DEPTH (m) AZ DIP AFD145 331669.047 8268301.77 4211.331 45.8 7 -45 Section 1350E Hole WGS84 X WGS84 Y WGS Z DEPTH (m) AZ DIP AFD144 331734.894 8268316.99 4215.64 50.4 187 -45 Section 1400E Hole WGS84 X WGS84 Y WGS Z DEPTH (m) AZ DIP AFD143 331770.859 8268236.12 4229.363 67.2 7 -45 Section 2050E Hole WGS84 X WGS84 Y WGS Z DEPTH (m) AZ DIP AFD137 332416.073 8268145.539 4201.996 21.5 7 -45 AFD138 332415.916 8268144.007 4201.96 19.2 0 -90 AFD141 332405.574 8268111.786 4204.672 23.1 7 -45 AFD142 332405.237 8268110.411 4205.375 34.4 0 -90 Section 2150E Hole WGS84 X WGS84 Y WGS Z DEPTH (m) AZ DIP AFD104 332524.019 8268088.55 4149.3546 25 0 -90 AFD120 332530.824 8268224.121 4199.051 115.3 7 -70 AFD121 332530.65 8268223.143 4199.049 50.4 187 -65 Section 2350E Hole WGS84 X WGS84 Y WGS Z DEPTH (m) AZ DIP AFD139 332740.436 8268316.427 4127.386 92.1 7 -45 AFD140 332740.504 8268314.971 4126.037 89.2 187 -55 Summary Geology AFD104 was drilled in a valley in the core of a syncline forming the southern flank of the southeastern antiform. Mineralisation was only preserved to a depth of 1.90m, followed by highly weathered beige dolomite to 14.5m where a sharp contact to intercalated footwall arenites and evaporites occurs. These units persist to 25.00m EOH. AFD120 intersected two zones of mineralisation. The upper zone of mineralisation was intersected form surface to 32.50m, intersecting limestone from surface with moderate to massive MnO replacement of altered limestone and some vein hosted and disseminated MnO. The lower zone of mineralisation was intersected from 86.60m to 101.05m characterised by disseminated MnO and weak to moderate MnO replacement of limestone. AFD121 intersects mineralisation from surface to 38.50m, massive MnO replacement of limestone from surface and disseminated or fracture hosted MnO dominating downhole. End of hole (EoH) occurs in weakly altered limestone at 50.40m. AFD137 intersects mineralisation from surface to 10.10m characterised by vein hosted MnO and disseminate MnO in altered limestone. Limestone grades into arenites and transitional arenites below mineralised intersection with historic workings occuring at the contact. EoH in transitional arenites at 21.50m. AFD138 intersects mineralisation from surface to 15.30m, with vein hosted MnO, massive MnO replacement, and disseminated MnO, with visible Cu (malachite) in limestone. Limestone grades into transitional arenites below mineralised intersection until EoH at 19.20m. AFD139 intersects mineralisation from 6.40m to 75.30m. Intercalating altered and unaltered limestone hosts vein hosted and moderate replacement of limestone by MnO, mostly within altered limestone beds. In unaltered limestone, MnO primarily occurs as fracture hosted. Some visible CuO occurs downhole of intersection. AFD140 cut mineralisation from 46.50m to 49.30m, characterised by weak MnO replacement of altered limestone and minor CuO. AFD141 cut mineralisation from 0.90m to 13.40m characterised by massive MnO replacement of limestone with some ferruginous alteration, and intervals of low replacement but increased vein hosted MnO and disseminated MnO with visible CuO in altered limestone. Below intersection MnO content decreases downhole into weakly altered limestones grading into transitional arenites until EoH at 23.10m. AFD142 cut mineralisation from 4.00m to 21.40m characterised by moderate to massive replacement of altered limestone with some disseminated visible CuO. AFD143 cut two zones of mineralisation. The upper mineralisation occurs from 3.65 to 8.10m, characterised by vein hosted MnO and patchy replacement in weakly altered limestone. The lower zone of mineralisation occurs from 20.50m to 52.50m, include a higher zone of mineralisation from 31.40m to 37.40m. The intersect is characterised by zones of moderate to massive MnO replacement of limestone with ferruginous alteration intercalated with zones of altered limestone and arenites with vein hosted and disseminated MnO, and visible CuO. The higher intercept occurs within one of these altered limestone and arenite zones, with vein hosted and patchy MnO and pyrite. AFD144 cut mineralisation from 23.20m to 37.00m including a zone of higher mineralisation from 31.40m to 37.00m, characterised by limestone intercalated with minor arenites and siltstones, moderately to intensely altered with vein hosted MnO, disseminated MnO, patchy MnO replacement and dm scale intervals of moderate to massive MnO replacement of host limestone. Some visible CuO occurs throughout. The zone of higher mineralisation occurs within limestone hosting moderate to patchy MnO replacement. AFD145 cut mineralisation from surface to 36.50m including a zone of higher mineralisation from 13.75m to 23.40m, characterised by patchy and massive MnO replacement of altered limestone with replacement decreasing strength downhole, dominated instead by disseminated MnO and minor vein hosted MnO from 24.50m. The intersect of higher mineralisation occurs within the stronger patchy and massive MnO replacement, with visible disseminated and vein hosted CuO. Alteration and MnO content continue to decrease downhole and transitions sharply to tectonic breccias of the footwall at 38.40m until EOH at 45.80m. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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How to Allocate $5,000 Across Different Market Opportunities
Written by Christopher Liew, CFA at The Motley Fool Canada Tariffs are significant headwinds for global stock markets. However, despite mounting trade tensions, investors can still scout the market for passive income or capital growth. Some TSX stocks may be out of favour in the current environment, but others have become more attractive. Suppose you have $5,000 to invest, play smart and allocate your money across different market opportunities. Bird Construction (TSX:BDT), NuVista Energy (TSX:NVA), and Blackline Safety (TSX:BLN) are excellent options due to their favourable business outlook and stability. Bird Construction reported strong first-quarter earnings and secured $525 million of new contract awards recently. This $1.5 billion company is one of Canada's prominent builders. It offers various construction services and provides innovative solutions to the industrial, buildings, and infrastructure markets. Performance-wise, BDT is up 7% year-to-date. At $27.07 per share, the industrial stock pays a decent 3.1% dividend yield. Unlike most dividend-payers, the payout frequency is monthly. The most recent increase (November 2024) was 50%. Bird has been paying monthly dividends since 2012. In Q1 2025, construction revenue increased 4% to $717.6 million versus Q1 2024, while net income declined 6% year-over-year to $9.4 million. According to its President and CEO, Teri McKibbon, Bird's diversification and strategic focus on key market sectors have resulted in an economically resilient business. He sees good revenue growth visibility and further margin accretion this year and into 2026. NuVista Energy, a $2.9 billion oil and natural gas company, is return-focused owing to its top-quality asset base. The energy stock is a three-time TSX30 winner (2022-2024), the flagship program for Canada's top-performing stocks. If you invest today, the share price is $14.57 (+5.4% year-to-date). The average production of 89,516 barrels of oil equivalent per day (boe/d) in Q1 2025 was NuVista's highest ever in a quarter. In the same quarter, net earnings climbed 214% year-over-year to $112.2 million. Management said the high-quality asset base continues to deliver strong returns across commodity price cycles. Also, NuVista has consistently achieved new production milestones. For 2025, the plan is to repurchase $100 million of the company's common shares and allocate at least 75% of any incremental annual free adjusted funds flow above $100 million to share repurchases. Market analysts recommend a 'buy' to strong 'buy' ratings. Blackline Safety is the first connected safety company. The $677.4 million global connected safety technology firm takes pride in its hardware-enabled software-as-a-service (HeSaaS) business model. Its mission-critical hardware and software, including G7 safety wearables, ensure the safety of industrial workers and save lives. In Q1 2025, the financial results showed a vast improvement. For the three months ending March 31, 2025, total revenues rose 43.1% to $37.7 million compared to Q1 2024. Net loss thinned 80.5% year-over-year to $1.1 million. Management expects strong revenue growth, positive EBITDA and positive adjusted EBITDA in fiscal 2024 to carry over to fiscal 2025. Blackline's global footprint has expanded to over 75 countries. Its customer base includes large-cap companies in the consumer goods, energy, and industrial sectors. The HeSaaS business model provides a competitive moat. Volatility is a constant presence in the stock market. Fortunately, despite headwinds and disruptions such as tariffs, new investment opportunities emerge across various sectors. The post How to Allocate $5,000 Across Different Market Opportunities appeared first on The Motley Fool Canada. 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See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
