Alberta expected to learn soon if Carney wants to repair relationship: Smith
Speaking to supporters in Calgary on Thursday, Alberta Premier Danielle Smith is more optimistic about the province's relationship with the new prime minister.
Nearly 2,000 supporters attended Alberta Premier Danielle Smith's annual United Conservative Party fundraising dinner at the Telus Convention Centre in Calgary on Thursday.
The sold-out event provided Smith with an opportunity to share her thoughts about Alberta's energy sector – including strategies about how best to get the province's natural resources to market.
One of the other topics of discussion was whether or not Prime Minister Mark Carney was interested in repairing Ottawa's relationship with the western province.
'As most Albertans already know, I have repeatedly stated that I support a strong and sovereign Alberta within a united Canada, and I personally have such high hopes that there is a path forward for that with Ottawa,' she said.
'I am going to do everything in my power to negotiate a fair deal for Alberta with the new prime minister.'
Smith said she's optimistic about Alberta's relationship with Carney.
'This new prime minister - I'll give him credit for this - he has met with us many times,' she said.
She said Carney's next visit to Alberta will come on Sunday, where she expects he will be meeting with business leaders 'to get an idea of what it is that Alberta wants.'
'I can tell you they're going to mirror the same things that we want, because I've been talking with them a lot, and we'll go to Saskatoon for a first ministers' meeting.
'I don't think we have to wait that long. I think we will know in the communique that comes out after a day and a half of meetings, whether this government is serious about changing course, or whether we're just going to have to double down on the fights. You don't have to wait that long - just a couple more days.'
While discussions are open, Smith said there's more work ahead, adding Alberta won't ignore the tools it has to protect itself from Ottawa's overreach.
'They pass laws that are unconstitutional and illegal, and then they make us go for years and years and years to get a court decision on them,' Smith said. 'Well, we're gonna do the same thing.
'We're going to pass laws and if they think they're illegal, they can come after us.'
Also during her speech, Smith called out the federal government for not backing down on its zero emission caps or Bill C-69.
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Globe and Mail
38 minutes ago
- Globe and Mail
West Red Lake Gold Highlights Bulk Sample Learnings
VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report how learnings from the test mining and bulk sample program at its 100% owned Madsen Mine (the 'Project') in the Red Lake Gold District of Northwestern Ontario, Canada, are translating directly into a detailed mine plan with generally larger stopes, greater mining efficiencies, and lower cost mining methods than anticipated. The test mining and bulk sample program had two goals: To confirm that the geologic, engineering, and mining workflow at Madsen enables the Company to model and mine mineralization accurately. To test various mining scenarios and use the results to enable confident mine design that maximizes economic extraction. The bulk sample results (reported on May 7) achieved the first goal. Close reconciliation between expected and actual tonnes, grade, and contained ounces across six stopes in three areas of the resource validates the Company's ability to mine at Madsen according to plan. The Company also succeeded with the second goal. Test mining demonstrated the ability to mine up against historic stopes, which reduced barriers in stope design and unlocked some resource potential. Test mining also highlighted the efficiency of mining larger stopes and mining clusters of proximal stopes (known as mining complexes), two notable opportunities that are developing at Madsen because mine design is both a technical and economic exercise. The workflow that leads to detailed mine design at Madsen is as follows: Each resource area is definition-drilled to a drill hole spacing averaging 7 meters. The in-house, short-term model is updated to incorporate the new drill data. Stopes are engineered based on the updated model to maximize economic extraction of mineralization, at an assumed gold price. Gold mineralization at Madsen often comprises high-grade lenses surrounded by lower-grade mineralized halos. The above workflow is designed in part to define high-grade lenses of gold mineralization that can go unnoticed with wider-spaced data sets. Recent high-grade drill results from the South Austin area (see news releases from May 27, May 13, and February 26) demonstrate this potential. Definition drilling also enables accurate modeling of lower-grade halo mineralization ahead of stope design. West Red Lake Gold is currently using the consensus long-term price of US$2,350 per ounce ('oz.') in mine design, compared to a gold price of US$1,680 per oz. used for the mine plan in the Madsen Mine Pre-Feasibility Study ('PFS') [1]. The relatively low gold price in the PFS led to a mine plan with 60% of the mining being small, high-grade stopes requiring the use of cut-and-fill mining, the more selective and higher cost of the two mining methods outlined for use at Madsen [1a]. In addition, the need to drive accesses between multiple small stopes contributed to relatively high sustaining capital needs over the mine life. The PFS mine plan generated strong economics that supported the restart decision. However, using a higher gold price in stope design effectively lowers the cutoff grade for resource inclusion, bringing additional resource tonnes and more overall ounces into consideration for mine planning. When lower grade tonnes prove to be economic, it can result in larger stopes encompassing one or several high-grade gold lenses with surrounding halo mineralization. It can also define new mining shapes around proximal areas of mineralization that were not previously considered. This is especially possible where definition drilling has defined or expanded high-grade lenses, which have the potential to mitigate the impact on head grade of including lower grade tonnes over the life of mine. Figure 1: Visible gold in sill access development on 1 Level McVeigh. Larger stopes and clusters of proximal stopes, known as mining complexes, have potential to increase a mine's economic benefit and scale as compared to smaller, isolated stopes because they can positively impact three key economic drivers: Mining cost: Larger stopes can generally be mined via long hole stoping. Long hole stoping is significantly lower cost per tonne compared to cut and fill mining [1b]. The Madsen Mine bulk sample was mined exclusively by long hole stoping methods with a very high success rate and the majority of the 18-month detailed mine plan is long hole mining. Cost of access development per tonne mined: Larger stopes and stopes clustered in mining complexes spread the cost of developing access to a mining area over more ounces produced from that area, reducing the cost impact of access development. Flexibility and efficiency: The ability for a mine to focus on few large mining complexes at any given time rather than multiple isolated stopes greatly supports efficiency in equipment, personnel, and material movement planning. The Company is experiencing this efficiency advantage already at site. Figures 2 through 4 below highlight a few examples of mining complexes where the tonnage and ounce profile increased through the definition drilling, resource model updating, and economic stope design workflow. Figure 2. Image showing South Austin 4447 stope complex (blue). This area realized a 212% increase in tonnage and 320% increase in contained ounces mainly driven by definition drilling. Figure 3. Image showing Austin 1099/1100 stope complex (blue). This area realized a 204% increase in tonnage and 222% increase in contained ounces mainly driven by definition drilling. Figure 4. Image showing McVeigh 1453 stope complex (blue). This area realized a 32% increase in tonnage and 18% increase in contained ounces mainly driven by definition drilling. A more global potential benefit from mining larger stopes at Madsen is mining more of the resource. A mine plan based on a gold price of US$1,680 per oz. depletes the deposit relatively quickly, which is evident in a PFS probable reserve of only 478,000 ounces in 1.87 million tonnes grading 8.2 g/t gold mined in 7 years [1c], from a deposit with a total indicated resource of 1.65 million ounces of gold hosted in 6.9 million tonnes of rock averaging 7.4 g/t gold (the combined indicated resource for the Austin, South Austin, McVeigh, and 8 Zones) [1d]. The Madsen Mine PFS described the potential for more of the resource to be considered for mining if a higher gold price was used [1e]. A gold price environment that allows mine design to convert more of the resource into reserve suggests a longer mine life than outlined in the PFS, which is expected to have a positive impact on long-term profitability and overall project economics. Close reconciliation between expected and actual tonnes and grade in the bulk sample suggests that the Company's approach – appropriate definition drilling, responsive mine engineering, and disciplined, efficient mining – is creating the ability to mine at Madsen according to plan. The mine engineering and design process is a technical and economic exercise that responds to the price of gold. This will remain the Company's practice at the Madsen Mine. Other News The Company has received and accepted the resignation of Jasvir Kaloti as Corporate Secretary. The management and board of directors of the Company wish to thank Ms. Kaloti for her service and wish her well in the future. Efforts are in progress to identify a suitable Corporate Secretary candidate and Harpreet Dhaliwal, Chief Financial Officer, will hold this position in the interim. Footnotes Please refer to the technical report entitled 'NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada', prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025. A full copy of the SRK report is available on the Company's website and on SEDAR+ at See PFS Section 16.5.3 Mining Methods – Underground Mining Methods – Planned Mining Methods. See PFS Report Section 21.3.2 Capital and Operating Costs – Operating Cost Estimates – Mining. Mineral reserve estimates based on a gold price of US$1,680/oz and an exchange rate of 1.31 C$/US$. Longhole stope cut-off grade of 4.30 gpt Au based on an estimated operating cost of C$287.34/t including mining, plant and G&A. Mechanized Cut and Fill stope cut-off grade of 5.28 gpt Au based on an estimated operating cost of C$354.90/t including mining, plant and G&A. Incremental development cut-off grade of 1 gpt Au. A small amount of incremental longhole tonnes were included at a cut-off grade of not less than 3.4 gpt Au, these must be immediately adjacent to economic stopes that will pay for the capital to access area. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US$1,800/oz. Mineral resources are not considered mineral reserves as they have not demonstrated economic viability. See Section 24.1 Other Relevant Data – Gold Price Sensitivity. The technical information presented in this news release has been reviewed and approved by Will Robinson, Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, and by Maurice Mostert, Vice President of Technical Services for West Red Lake Gold and the Qualified Person for technical services at the West Red Lake Project, as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. ABOUT WEST RED LAKE GOLD MINES West Red Lake Gold Mines Ltd. is a mineral development company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km 2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km 2 including three past producing gold mines - Rowan, Mount Jamie, and Red Summit. ON BEHALF OF WEST RED LAKE GOLD MINES LTD. 'Shane Williams' Shane Williams President & Chief Executive Officer FOR FURTHER INFORMATION, PLEASE CONTACT: Gwen Preston Vice President Communications Tel: (604) 609-6132 Email: investors@ or visit the Company's website at Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION Certain statements contained in this news release may constitute 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as 'anticipate', 'expect', 'estimate', 'forecast', 'planned', and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking information in this news release and include without limitation, statements relating to the larger stopes, greater mining efficiencies, lower cost mining methods, potential production of mining operations at the Madsen Mine; any untapped growth potential in the Madsen deposit or Rowan deposit; the impact and ability for long-term profitability and overall project economics; and the Company's future objectives and plans. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, the Company's ability to mine at Madsen according to the current mine plan; ability to forecast mining cost; market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices; and changes in the Company's business plans. Forward-looking information is based on a number of key expectations and assumptions, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company's management's discussion and analysis for the year ended December 31, 2024, and the Company's annual information form for the year ended December 31, 2024, copies of which are available on SEDAR+ at The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. For more information on the Company, investors should review the Company's continuous disclosure filings that are available on SEDAR+ at Photos accompanying this announcement are available at
Globe and Mail
38 minutes ago
- Globe and Mail
Premium Commences "Hinge" Drilling Targeting Large BHEM Plates in the 2km Area Between Selebi Deposits
Toronto, Ontario--(Newsfile Corp. - June 3, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) (" PREM" or the " Company") is pleased to announce that the surface drilling program is underway in the 2-kilometre gap zone between the Selebi North and Selebi Main deposits (together the " Selebi Mines"). This program is designed to rapidly demonstrate the broader scale potential of the Selebi Mines targeting large borehole electromagnetic (" BHEM") plates and to further support the Company's core thesis that these deposits are significantly larger than previously recognized. Highlights: Targeting BHEM plates indicating potential mineralized connection between Selebi North and Selebi Main deposits. 12,500 meters of drilling planned across 6 holes, all suitable for future wedge drilling. Continued expansion of mineralization at Selebi North. Both Selebi North and Selebi Main deposits remain open for expansion through further exploration. Figure 1: Drilling Locations Selebi Mines Gap Zone To view an enhanced version of this graphic, please visit: Drilling Program Overview Two company-owned drill rigs have commenced the first two holes of the deep drilling program, with one drill testing large BHEM plates located down-plunge and down-dip from the Selebi Main mine horizon and trending toward the Selebi North deposit, and the second drill testing BHEM plates located 500 metres down-plunge and down-dip from the Selebi North deposit and trending toward Selebi Main. The program will include approximately 12,500 metres of drilling and is expected to be completed over a five-month period. Morgan Lekstrom, CEO of Premium Resources commented:"This drilling campaign has the potential to unlock substantial value and marks the delivery of a long-anticipated commitment to the market. We are proud to be advancing this asset aggressively on multiple fronts. 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PREM's senior team members have on average more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations. Cautionary Note Regarding Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward-looking information includes, but is not limited to: the expectation that the deposits at the Selebi mines are significantly larger than previously recognized; the implementation of the objectives, goals and future plans of the Company including the proposed advancement of the Selebi Mines as currently contemplated; the ability of exploration activities (including drill results) to accurately predict mineralization; management's belief that the Selebi and Selebi North deposits may be connected at depth; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; the ability of the Company to define additional or upgrade existing mineral resource estimates on the Selebi Mines in accordance with National Instrument 43-101; the effective targeting activities proposed by the Company; the ability to identify additional mineralization down plunge of existing workings and the ability of such findings to be used to complete a MRE and/or to support further economic studies; the ability and timing of advancing the underground drilling program at the Selebi Mines as contemplated (if at all); the results of the drill program at the Selebi Mines and the timing and disclosures of the Company regarding same; the relationships between, and continuity of, the various deposits (if any); the benefits of the Company's approach to exploration; and the anticipated benefits of the Company's approach to the resource development plan. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. 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Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
CBC
2 hours ago
- CBC
#TheMoment a Manitoba town opened its doors to wildfire evacuees
After a wildfire emergency displaced residents of northern Manitoba, the community of Swan River opened its doors to help those in need.
