Latest news with #GoldLine
Yahoo
29-05-2025
- Business
- Yahoo
First Nordic Confirms Robust Gold-in-Till Anomaly and Reports Encouraging Top-of-Bedrock Drill Results at Harpsund
TORONTO, May 29, 2025 /CNW/ - First Nordic Metals Corp. ("FNM" or the "Company") (TSX.V: FNM, Stockholm: FNMC SDB, OTCQB: FNMCF, Germany: HEG0) is pleased to announce results from its glacial till geochemical survey and initial base-of-till / top-of-bedrock ("BoT/ToB") drill program at the high-priority Harpsund target ("Harpsund"), located on the Company's 100%-owned Paubäcken Project in Västerbotten County, northern Sweden, within the Gold Line greenstone belt. Harpsund is located approximately 30 km south of the Company's resource-stage Barsele project. The current results advance Harpsund to a high-priority diamond drill target, strengthening FNM's target-rich belt-scale portfolio, while also continuing to demonstrate the effectiveness of FNM's exploration process. Highlights: Highly anomalous kilometric-scale gold-in-till anomaly confirmed over a +5 km structural corridor. Strong pathfinder element associations indicate a robust orogenic gold system. Large-scale gold-in-bedrock anomalism encountered in Harpsund BoT/ToB drilling. Follow-up programs, including additional BoT/ToB and diamond drilling, are fully permitted and planned for H2 2025. FNM CEO Taj Singh comments: "Harpsund is emerging as one of the more exciting new targets on the Gold Line belt. We've confirmed a cohesive, multi-kilomeric gold-in-till anomaly – one of the most robust we've seen in the region. Additionally, the initial BoT/ToB drilling confirms a large-scale, cohesive gold-in-bedrock anomaly. Our knowledge of the +5 km Harpsund/Brokojan corridor has increased substantially, and our plan is to complete a brief follow-up BoT/ToB program here shortly and then proceed to diamond drilling in 2H 2025. Across the Gold Line belt, FNM continues its exploration and drill programs on multiple high-priority targets, and this will no doubt be one of the most active years in the region." Surface Till Gold ResultsIn previous field seasons, FNM conducted a property-wide till geochemical survey with the collection of approximately 23,000 B-horizon glacial till samples over the Paubäcken project area. A high-density sample spacing is used (15 m x 75 m average) to identify anomalous areas, and sampling direction is designed to be perpendicular to structural corridors as well as oblique to the ice flow direction. All samples were screened using XRF analysis for typical orogenic gold pathfinder elements. A subset of samples from the adjacent Harpsund and Brokojan target areas, within the Paubäcken concession area, with anomalous pathfinder element signatures were selected for gold assays at MEFFA Lab Oy in Finland ("MEFFA"). Samples are prepared at MEFFA where the fine fraction is separated in a wet sieving process and subsequently analysed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. In total, 51 samples from the Harpsund/Brokojan target corridor were selected for gold analysis. Detailed glacial till sampling surveys have confirmed widespread gold mineralization along the Harpsund target area returning strongly anomalous gold results associated with a complex second order shear corridor. For regional context, values of 50 ppb gold and higher in glacial till are considered highly anomalous and thus important for the discovery of gold mineralization. In the current program, 97% of the samples from Harpsund returned values greater than 50 ppb gold, with samples up to 256 ppb gold. Results from the gold analysis show a strong correlation to orogenic gold pathfinder element anomalies and are interpreted to be derived from various bedrock lithologies and shear zones identified from geophysics data. The Harpsund/Brokojan target area forms two broad gold-in-till anomalies over a 5 km strike of a second order splay structure off the main Gold Line regional structure parallel with the down ice direction. The underlying geology is dominated by folded and sheared metasedimentary and metavolcanic units that are bounded by two prominent second order structural corridors. The orientation of the cohesive Harpsund anomaly is parallel to the axis of a plunging fold, with the highest and widest portion of the anomaly at the intersection of the fold axis and regional flexure within the second order splay structure. The Brokojan anomaly is more diffuse and occurs near the intersection between the first order regional Gold Line structure and the second order Harpsund/Brokojan splay structure. The Harpsund gold-in-till dispersion plume anomaly is one of the most cohesive surface till anomalies on the Gold Line belt and measures 2 km along the fold axis and in the down ice direction, by up to 800 m wide. Within the metasedimentary and metavolcanic units of the Harpsund target area, metal associations are generally Au-As-Cu-W-Ag-Te-Sb. Top-of-Bedrock/Base-of-Till Drilling ResultsIn Q1 2025, 116 BoT/ToB holes were completed at Harpsund and Brokojan. At Harpsund, drilling targeted the strongest part of the gold anomaly located within the axis of the fold hinge and the intersection of the fold axis and second order splay structure. Gold results were generally anomalous with bedrock results up to 0.18 ppm gold and sample results > 0.1 ppm in 13 locations, forming a cohesive gold-in-bedrock anomaly. For regional context, values of 0.1 ppm or higher in bedrock are considered highly anomalous and thus important for the discovery of gold mineralization. Large areas of the gold-in-till anomaly along the axis of the fold to the NE in the up-ice direction were not drilled due access limitations in steep and challenging ground conditions; due to this, a large portion of the target area along the axis of the fold was not adequately tested in the drilling program and results encountered are potentially outside the main source of the anomaly. In addition, due to ground conditions sloping steeply to the northeast, it is possible that the till anomaly has been transposed slightly from the original location. The results are considered highly encouraging, and follow-up diamond drilling over the 2 km target area is planned for the second half of 2025, following programs at other priority targets along the Gold Line belt. Access was significantly limited at the Brokojan target due to several factors including unusually mild winter conditions resulting in partially frozen swamp areas, and steep ground conditions. The main target area at Brokojan was not tested as a result and will be targeted with a follow up campaign of BoT/ToB in H2 2025 when conditions allow. About the Harpsund and Brokojan TargetsThe Harpsund and Brokojan targets are located within the Paubäcken Project area of the Gold Line belt in northern Sweden. Both target areas are located on a northwest trending second order splay structure off the main regional Gold Line belt structure. The Brokojan target is located at the intersection of first and second order structures, and the Harpsund target within a large flexure and/or fold hinge along the structure. The geology consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. These lithological sequences are highly prospective for orogenic gold deposits. About the Paubäcken ProjectThe Paubäcken project covers 17,097 hectares across three licenses in the heart of northern Sweden's emerging "Gold Line belt". The belt hosts several significant gold deposits, including the Company's nearby Barsele project as well as the Svartliden mine and Fäboliden development project, operated by Dragon Mining Ltd. ABOUT FIRST NORDIC METALSFirst Nordic Metals Corp. (FNM) is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-owner of a district-scale license position comprised of two additional project areas (Paubäcken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold Line greenstone belt. Additionally, in northern Finland, FNM is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. ON BEHALF OF THE BOARD OF DIRECTORSTaj Singh, CPACEO & Director For further information contact:Marie Macdonald, Investor Relations, Phone: 604-687-8566, Email: ir@ Follow First Nordic Metals:Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetalsFacebook: @FirstNordicMetals | Instagram: @firstnordicmetals Qualified Person & QA/QCBenjamin Gelber, P. Geo., Exploration Head of FNM, is the Qualified Person as defined in NI 43-101, and takes responsibility for the technical disclosure contained within this news release. ToB/BoT samplesAll 2025 BoT/ToB samples were collected under the supervision of EMX Royalty Corporation employees. Till and bedrock samples were transported from the drilling locations where it was bagged to the EMX office facility located in Malå, northern Sweden where it was logged. Sample reference materials were inserted at regular sample intervals. Groups of samples were placed in large bags and sealed with numbered tags to maintain a chain-of-custody and transported to the ALS Laboratory prep lab in Piteå. Samples were transported by ALS Laboratories to ALS in Loughrea, Ireland. Samples from the till part of the program where prepared with PREP-41 in Pitea. Samples where dried (<60°C) and sieved (-180µm (80mesh)) and subsequently 25 g of the fine fraction were analysed for Gold using the ALS AuME-ST43 package with a cyanide and aqua regia digestion and ICP-MS finish. Samples from the bedrock were separated in the lower 1.5 m sample interval, where individual samples were crushed to 2 mm (10 mesh) and a 250 g split was pulverized to 75 μm (200 mesh) for analysis (PREP-31Y) and analysed with a complete characterization package CCP-PKG01 combined with PGM-ICP23 for precious metals analysis. The assay package for the complete characterization combines a total carbon analysis (C-IR07), a multi element with ME-4ACD81 four acid digestion and ICP-AES finish for base metals, a major element analysis using ME-ICP06 with a fusion digestion and an ICP-AES finish, ME-MS42 with an Aqua Regia digestion and an ICP-MS finish for more volatile elements, ME-MS81 for refractory elements using a Li-Borate fusion digestion and ICP-MS finish, and sulfur content by induction furnace (S-IR08). If a second bedrock sample could be taken, the upper 1.5 m were analysed for gold only using ALS method PGM-ICP23 where a 30 g split is analyzed with fire assay by Pb collection and AAS finish. Surface till samplesSample reference materials were inserted at regular sample intervals. Samples were measured for gold pathfinder elements at the EMX facility via x-ray fluorescence (XRF). Based on the XRF results a subset of samples is then sent to MEFFA Labs Oy in Finland, where samples are prepared by fine fraction separation in a wet sieving process and subsequently analyzed by laser ablation ICP-MS for gold. Cautionary Note Regarding Forward-Looking Statements: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release contains forward-looking statements, including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and FNM undertakes no obligation to update such statements, except as required by law. SOURCE First Nordic Metals Corp. View original content to download multimedia: 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
Yahoo
17-05-2025
- Sport
- Yahoo
Charlotte's Gold Line will have longer wait times this weekend
CHARLOTTE, N.C. (QUEEN CITY NEWS) — The Gold Line will operate on a 40-minute frequency Saturday, May 17, Charlotte Area Transit System officials announced. The Gold Line streetcar usually runs on 20-minute headways. It operates between French Street in west Charlotte and Hawthorne Street in Plaza Midwood. 'We apologize for any inconvenience and appreciate your patience at this time,' CATS said. They suggest using the CATS-Pass app to find a bus stop running along the route and receive real-time updates on streetcar services. People who have tickets to the PGA Championship can ride all CATS services for free this weekend. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Zawya
02-05-2025
- Business
- Zawya
Ramasat unveils a new chapter with boutique opening at The Dubai Mall
Dubai, UAE: Ramasat, the modern evolution of a historic British perfume house originally established in 1971, proudly announces the opening of its newest boutique at The Dubai Mall. Located on the first floor, directly opposite The Waterfall, the boutique invites guests to embark on an immersive olfactory journey where British precision meets Arabian soul. The brand traces its origins to a British fragrance house founded in 1971. It was later acquired and reimagined by an Emirati group specializing in perfume design and creation, giving rise to Ramasat. Today, the brand bridges the refinement of British perfumery with the richness and depth of Arabian fragrance traditions—crafting perfumes that embody cultural harmony, timeless sophistication, and bold creativity. The boutique's interior reflects this fusion, seamlessly blending contemporary elegance with rich textures, intricate details, and a sense of timeless design. Every element speaks to Ramasat's dedication to craftsmanship, authenticity, and the sensory art of perfumery. Guests are invited to explore Ramasat's signature editions, including the prestigious Al Meydan Edition, the radiant Gold Line, and other beloved creations each fragrance a tribute to storytelling through scent, capturing the spirit and traditions of Arabian culture in every bottle. Commenting on the opening, Prescillia Le Fur, Brand Manager of Ramasat, said: 'The Dubai Mall, as a global icon of luxury and refinement, provides the perfect stage for Ramasat's next chapter. We are honored to share our creations with discerning guests from around the world, offering them a true encounter with the art of niche perfumery reimagined.' The boutique welcomes visitors daily from 10:00 AM to 11:00 PM. To discover the world of Ramasat and explore its exquisite collections, visit
CBS News
01-05-2025
- CBS News
2 SacRT light rail lines disrupted after pedestrian hit, killed by train
SACRAMENTO – Two Sacramento Regional Transit lines were disrupted after a person was hit and killed by the train on Wednesday evening. SacRT says the collision happened at the 29th Street light rail station and that the Sacramento Police Department is at the scene investigating. The police department said the collision happened just after 5:45 p.m. The collision has impacted the Gold and Blue lines. A bus is shuttling between Broadway and Cathedral Square on the Blue Line, while a shuttle system is in place between Sacramento Valley and Power Inn stations for the Gold Line. No other injuries were reported. Riders can use the Alert SacRT app for service updates.
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Business Standard
23-04-2025
- Business
- Business Standard
Making PPPs work for metro-rails: Early land acquisition is non-negotiable
Earlier this year, the Maharashtra government approved the construction of Mumbai Metro's Line 8 (Gold Line), connecting the Chhatrapati Shivaji Maharaj International Airport (CSMIA) to the upcoming Navi Mumbai International Airport. The project will be executed through the Public-Private Partnership (PPP) model. The construction of metro-rails using PPPs has been undertaken across Indian cities in the past, including Mumbai. But there have been considerable challenges, particularly, in the contractual relationship between the government and the marketplace vendor. In planning the implementation of this project, learnings from previous PPP metro-rail projects can be a useful input. In this article, we review the outcomes of PPP metro-rail projects in three major Indian cities - Mumbai, Delhi, and Hyderabad. We find that planning for land acquisition, designing contracts and ensuring last-mile connectivity have been critical bottlenecks. Focusing on timely and, correct action in these areas can vastly improve the chances that this project is completed on time, within budget, and with the desired quality. In India metro-rails have been constructed using the EPC or the PPP model. In an EPC model the government entity is responsible for financing, procuring and operating the project and retains ownership of the project. It contracts out different components of the works to private vendors such as rolling stock, electrical works, and tracks. In a PPP model, the project is undertaken by a Special Purpose Vehicle, jointly owned by the contracted private concessionaire and the government. Typically, the concessionaire is the majority shareholder with a minimal equity participation from the government (about 10%-30%). The concessionaire is responsible for financing, constructing, and operating the asset for an agreed period of time. There are three reasons to expect that projects procured using the PPP model will be efficient on timelines, budget adherence and quality compliance. First, the concessionaire has long term control (typically 20-30 years). This is an incentive to finish the project on time to begin generating revenue out of it. Second, unlike traditional government-funded projects, where cost escalations may be passed on to taxpayers, PPP contracts place this responsibility on the private concessionaire. Under the Metro Railways (Operation and Maintenance) Act, 2002, the concessionaire cannot offset cost overruns by increasing fares, as metro pricing is centrally regulated. Finally, since the concessionaire is responsible for the operations and maintenance of the project over a long period, they are better incentivised to ensure quality. Cost overruns and delays in a government contract can stem from inefficiencies at multiple stages of the contract life-cycle. Since the proposed Gold Line has just been approved, there are three key areas for improvement at the planning stage that can attract more competitive bids and improve downstream procurement outcomes. Land acquisition delays are a major cause of cost overruns in metro projects. Clause 6.1.3 of the Manual for Procurement of Works, 2022 states 'the process of land acquisition should be completed entirely, or at least substantially, by the time the contract is awarded'. However, most Indian metro-rail projects have failed to meet this requirement. For example, Hyderabad Metro Phase 1 acquired 267 out of 269 acres 3.5 years after contract award, with some acquisitions still pending as of March 2021. Similarly, Mumbai's Blue Line completed land acquisition 4.5 years after award. The proposed Gold Line will run through one of Mumbai's most dense areas (Saki Naka and Kurla) and slum rehabilitation is a complex and time-consuming process. The proximity to CSMIA means that an NOC from the Airports Authority of India would be required. Initiating these approvals before beginning the bidding process and factoring it in while setting timelines in the bid documents, can result in more competitive bids. Ambiguous contract terms increase risk of disputes and delays during contract management. For instance, the Delhi Airport Line was entangled in an 11-year legal battle over the responsibility for faulty civil works. In a PPP contract the state's role should be limited to obtaining approvals, permits and land acquisition. This dispute stemmed from the ambiguous distribution of responsibilities for civil works between the government and the concessionaire. Contracts should clearly delineate responsibilities and consequences of non-compliance. It should maintain parity between the parties, have detailed processes for change requests and price escalations, and avoid unilateral clauses that disproportionately favour the government. Poor last-mile connectivity has contributed to lower ridership than estimated in Indian metro-rails. This is a key constraint for the viability of such projects. For instance, the Mumbai Blue Line initially projected a daily ridership of 665,000 by 2021. It saw actual ridership of only 500,000 in 2024. Similarly, the Delhi Airport Line projected to carry 42,000 people daily by 2011. The ridership was below 20,000 till 2015 and reached 50,000 in 2016, after fare reductions. It reduced the revenue of the metro-rail agency and increased its operating cost. Policies mandate that the project proposal must include the infrastructure for integration of various modes of transport, seamless transfer between various stations, and common payment instrument for ensuring last-mile connectivity. However, this is not planned for upfront and is carried out on an ad-hoc basis post-implementation. Procurement is an expertise developed through a learning-by-doing process. With the growing number of metro-rails in India, applying lessons from past experiences is essential to build state's capacity to plan and implement them.
