US Open champion Coco Gauff, who celebrated her 20th birthday with a “straightforward” victory at Indian Wells on Wednesday, says on-court goals are her priority for the next decade.

“Tennis goals, definitely to win some more slams, and I want to medal at this Olympics or 2028,” Gauff said after cruising past Elise Mertens 6-0, 6-2 to reach the quarter-finals in the California desert.

“Life goals, honestly, I haven’t thought that far,” she said.

“I’m not trying to get married or anything,” she added with a smile. “Definitely no kids.

“Just tennis right now, and we’ll see where life takes me off the court.”

With her birthday falling in the midst of a prestige tournament, Gauff wasn’t planning any major celebration. In fact, she said, even thinking of a gift for herself was hard.

“I haven’t gotten anything for myself,” she said. “I always forget, to be honest.

“I always say I’m going to get myself something. I still haven’t gotten myself anything from US Open! I always say I’m going to buy myself (something) and I just forget.

“I do have gifts in my hotel room that have to be opened today.”

One reason it might be so hard to reward herself, Gauff hinted is that “the things that I want I can’t buy.”

“I mean, the things that I want I already have. You know, I’m healthy, happy, on tour, living the dream.”

Gauff, who made her WTA debut shortly after her 15th birthday in the main draw at Miami, said the celebrity that has come with her success — including lately a Vogue cover story — sometimes flummoxes her.

“I guess everything with off-court, that’s definitely more the “why me” part,” she said. “Because winning was always something I just envisioned myself doing, just because that’s just what every tennis player envisions.

“Definitely the off-court stuff, when it comes to the covers and the attention from other celebrities or just people in general, it is kind of like, I don’t know why people gravitate to me so much.

“But I definitely do appreciate it and it makes me feel loved and I hope I can make other people feel the same way.”

bb/rcw

Major U.S. equities indexes were mixed Wednesday as the rally in the tech sector lost steam in the midweek trading session.

Following Tuesday’s report showing higher-than-expected inflation in February, investors will get a look at that month’s retail sales and Producer Price Index (PPI) data on Thursday. The reports will serve as additional data points for the Federal Reserve as it evaluates potential interest rate cuts.

The S&P 500 slid 0.2%, receding from Tuesday’s record close. The underperforming tech sector contributed to declines of 0.5% for the Nasdaq, while the Dow was up 0.1%

After gold prices slipped on Tuesday, the rally in the precious metal regained momentum, providing a boost to mining stocks. Shares of Freeport-McMoRan (FCX), operator of the mine with the world’s largest known gold reserve, topped the S&P 500 on Wednesday, adding 7.6%.

Gold was not the only commodity trading higher on the day—crude oil futures prices also jumped roughly 3% following an unexpected withdrawal in U.S. crude inventories and Ukrainian strikes against Russian refineries. The higher prices helped underpin a strong performance by companies in the oil and gas sector. Valero Energy (VLO) shares were up 5.2%, while shares of Marathon Petroleum (MPC) and APA Corp. (APA) added 4.2% and 3.6%, respectively.

Shares of 3M Co. (MMM) moved 5.4% higher, adding to gains posted Tuesday after the conglomerate announced a leadership shakeup. Incoming CEO Bill Brown will take the reins as the company prepares to spin off its health care division and continues to face litigation related to “forever chemicals.”

Dollar Tree (DLTR) shares posted Wednesday’s weakest performance on the S&P 500, plummeting 14.2% after the discount retailer missed profit and sales estimates for the holiday quarter. The company also announced plans to close around 1,000 of its Family Dollar stores over the next few years, citing macroeconomic uncertainties and issues with the timely stocking of merchandise.

Shares of Fair Isaac Corp. (FICO) tumbled 6.2% amid reports that Senator Josh Hawley (R-Mo.) sent a letter to the Department of Justice requesting an investigation into anticompetitive practices by the credit reporting firm. According to Hawley’s criticism, because obtaining a loan from the Federal Housing Administration and other government entities requires a FICO score, the situation equates to a “government-granted monopoly.”

Tesla (TSLA) shares fell 4.5% after Wells Fargo downgraded the stock to underweight and slashed its price target to $125 from $200. Analysts said the electric vehicle (EV) giant is unlikely to generate sales growth in 2024, even as price cuts across various markets curtail profits.

“Today’s new resource estimate at Northwest Expo has exceeded our expectations of defining a 40-to-50-million-tonne resource within the gold enriched Zone 1,” Northisle president and CEO Sam Lee said in a release. “This sets a strong basis for the rapid advancement of a potential high margin, near surface deposit.”

Shares in Northisle rose more than 11% to C$0.44 apiece in Toronto on Wednesday afternoon, valuing the company at C$99.2 million. They’ve ranged from C$0.12 to C$0.49 over the past 52 weeks.

Northisle is working on a prefeasibility study for North Island and is considering a staged approach with lower capital spending than the C$1.4 billion estimate in a preliminary economic assessment (PEA) in 2021. The project, near BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) former Island copper mine in Vancouver Island’s far north, holds about 8 million oz. gold in resources.

The entire project holds 567.7 million indicated tonnes grading 0.2% copper, 0.3 gram gold per tonne and 0.007% molybdenum for 2.4 billion lb. copper, 4.9 million oz. gold and 88.2 million lb. molybdenum. It has 447.9 million inferred tonnes at 0.2% copper, 0.2 gram gold and 0.006% molybdenum for 1.4 billion lb. copper, 3 million oz. gold and 54.9 million lb. molybdenum.

Higher-grade areas

A staged development would prioritize the higher-grade areas of the Northwest Expo, Red Dog and Hushamu targets. Studying the concept is expected to be completed by July and form the basis for advanced economic and technical studies, it said.

Northisle is planning to drill after March to increase the indicated resource and to step out south of Zone 1 in Northwest Expo and at the West Goodspeed discovery.

The Northwest Expo target has a net smelter revenue value of C$55 per tonne for the indicated resource as a whole and C$67 per tonne for a higher-grade zone in it, which is more than twice the net smelter value in the project’s PEA, the company said. The project also has 88% gold and 76% copper recoveries and a strip ratio of 2.5:1 waste vs ore, it said.

North Island has an after-tax net present value of C$1.1 billion with an 8% discount rate and a 19% internal rate of return, according to the PEA. The study assumed metal prices of $3.25 per lb. copper, $1,650 per oz. gold and $10 per lb. molybdenum.

The project lies on a 340-sq.-km property stretching 50 km northwest from the now closed Island copper mine. BHP produced copper and molybdenum concentrates there, as well as gold, silver and rhenium as by–products, from 1971 to 1995.

Commodity experts are coming out of the woodwork with gold price predictions after Carley Garner, co-founder of brokerage firm Decarley Trading, stated she expects the bullion will reach $2,600 per ounce.

Indeed, in an interview with Kitco News, Garner affirmed her belief that gold is on a long-run to $2,600 — but that it may be worth waiting for a correction before buying in.

“The nice thing about breakouts is they have a habit of retesting the breakout area. I Think [sic] gold is going much higher; my weekly charts and monthly charts are telling me somewhere around $2,600, maybe even a little more than that,” Garner said.

“Gold is really tough because of the way it trades. It will literally trade sideways for four years like we just did, and then when nobody’s watching it and no one’s expecting it, it rallies. Gold and silver are the markets that invented the FOMO trade.”

Gold is in the midst of a seven-day rally, trending around its highest level ever at nearly $2,200 an ounce. Garner believes the yellow metal may pull back as low as $2,050 before soaring back up.

According to Garner, even given gold’s recent rally, it may still be notably undervalued compared to the likes of the S&P 500 and many of the highest-valued tech companies in the world.

Reasonably so, the S&P is up 9% so far this year and 34% over the past twelve months. The fastest-growing tech company in recent memory, Nvidia (NASDAQ:NVDA) is up a staggering 87% this year, up nearly 300% over the past twelve months. Despite its recent growth spurt, gold is only up 5% year-to-date and 13% in the past year.

Carley Issues Bullish Gold Price Predictions as Economic Uncertainty Looms Over Stock Market

Carley speculates gold may be responding to the recent surge of Nvidia and Bitcoin (BTC-USD), which has also experienced rapid growth recently:

“It’s almost like, gold and silver saw what was going on in Bitcoin and NVIDIA and said, ‘hold my beer.’ Now it’s Gold’s turn. There’s a lot of COVID cash out there that is still working its way through the system. We’re not done with all that liquidity.”

For Carley, the recent run-up in stocks may be preceding a major correction. On the other hand, gold is at a relatively reasonable price even now.

“Everyone’s be talking about rising inflation and geopolitical risks. We have all these things going on and gold just could not get out of its own way. Well, guess what? Gold is finally starting to react. These risks are only going to grow. But Now [sic] people are going to say, wait a minute, we need some protection, so gold still has some catching up to do.”

On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

The metals are shining today.

Gold rose to a fresh high after the latest US 30-year auction, adding $2 to a $20 gain and rising to $2177 on the day. That’s about $16 shy of last week’s all time high.

Copper and silver are looking to join the gold breakout. Copper is up 3.1% today in a break above $4 for the first time in seven months. Chinese smelters are struggling to find copper concentrates with stockpiles recovering from the lowest in at least a decade.

There’s something of an inverted head-and-shoulders pattern on the copper chart that targets $4.25/$4.30.

Gold, meanwhile, is up 0.9% as it consolidates after an eight-day run to record highs. Heavy selling yesterday after CPI was met with buyers today on speculation that China’s central bank is buying heavily, along with perhaps Russia and other BRICS countries moving away from USD reserves.

(Kitco News) – Gold and silver prices are higher and near their daily highs near midday Wednesday. Bullish near-term technical postures and positive outside-market forces (weaker USDX and firmer crude oil) are supporting buying interest in both precious metals today. April gold was last up $9.50 at $2,175.90. May silver was last up $0.361 at $24.76.

The marketplace has digested Tuesday’s U.S. consumer price index for February that came in a bit warmer than expected, at up 3.2%, year-on-year, versus market expectations for a rise of 3.1%, and compares to a rise of 3.1% seen in the January report. The core CPI number for February was up 3.8% compared to expectations of up 3.7% and up 3.9% seen in the January report. The slightly warmer CPI readings followed the slightly warmer-than-expected CPI report for January. Thursday’s February producer price index report is now in focus. PPI in February is seen coming in up 0.3%, month-on-month, following a 0.3% rise in the January report. More warm U.S. inflation readings in the coming weeks may prevent the Federal Reserve from cutting interest rates as soon as it had just recently anticipated.

Asian and European stock markets were mixed in overnight trading. U.S. stock index futures are mixed near midday but not far below their recent record highs.

The key outside markets today see the U.S. dollar index weaker. Nymex crude oil prices are higher and trading around $79.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching around 4.2%.

Technically, April gold futures bulls have the strong overall near-term technical advantage. A steep four-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at the contract high of $2,203.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $2,100.00. First resistance is seen at Tuesday’s high of $2,190.80 and then at the contract high of $2,203.00. First support is seen at today’s low of $2,161.30 and then at this week’s low of $2,156.20. Wyckoff’s Market Rating: 8.5.

May silver futures prices were poised to close at a nine-week-high close today. The silver bulls have the overall near-term technical advantage. Silver bulls’ next upside price objective is closing prices above solid technical resistance at $26.00. The next downside price objective for the bears is closing prices below solid support at $23.00. First resistance is seen at this week’s high of $24.90 and then at $25.00. Next support is

seen at this week’s low of $24.22 and then at $24.00. Wyckoff’s Market Rating: 6.5.

May N.Y. copper closed up 1,085 points at 404.05 cents today. Prices closed near the session high and hit an 8.5-month high. The copper bulls have the solid overall near-term technical advantage and gained more power today. Prices are in a steep four-week-old uptrend on the daily bar chart. Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 415.00 cents. The next downside price objective for the bears is closing prices below solid technical support at this week’s low of 387.85 cents. First resistance is seen at today’s high of 404.30 cents and then at 407.50 cents. First support is seen at 400.00 cents and then at 395.00 cents. Wyckoff’s Market Rating: 8.0.

Hey!! Try out my “Markets Front Burner” weekly email report. Front Burner is my best writing and analysis, I think, because I get to look ahead at the marketplace and do some market price forecasting. Plus, I’ll throw in an educational feature to move you up the ladder of trading/investing success. And it’s free! Email me at jim@jimwyckoff.com and I’ll add your email address to the Front Burner list.

Gold prices edged higher on Wednesday after dropping more than 1% in the previous session, as investors digested hotter-than-expected US inflation data and still banked on a Federal Reserve interest rate cut in June.

Spot gold edged up 0.3% to $2,163.12 per ounce, as of 1047 GMT. Bullion posted its worst single-day drop since Feb. 13 on Tuesday. U.S. gold futures rose 0.1% to $2,168.50.

“The market driver behind the decline of gold is quite clear as the U.S. CPI numbers came in higher than expected,” said Carlo Alberto De Casa, market analyst at Kinesis Money.

“It’s just a physiological correction after a long strike of positive days and markets are realizing that the Fed will not cut rates too quickly.”

Bullion slumped 1.1% on Tuesday as data indicated that U.S. consumer prices rose sharply in February, above expectations and indicating some inflation stickiness.

Higher-than-expected inflation means that the US Fed will be under more pressure to keep interest rates higher for longer, weighing on non-yielding assets such as gold.

However, Fed policymakers are still seen starting interest-rate cuts in June, even as a government report showed consumer prices rose last month more than expected.

Traders now see about a 65% chance of a interest rate cut from the Fed in June, slight lower from the 72% seen before the data, according to the CME Group’s FedWatch Tool.

“While physical gold demand has been holding up well since 2021, a sharp price rally is likely to temper discretionary gold buying in 2024,” analysts at ANZ Research wrote in a note.

Focus now shifts to U.S. retail sales, producer price index, and weekly initial jobless claims print due on Thursday, which will provide a further update on the status of the US economy.

Spot platinum rose 1.2% to $934.85 per ounce, palladium gained 2.7% to $1,069.50 and silver was up 0.5% at $24.27.

New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from 61 diamond drill holes that were completed as part of a program designed to infill gaps, extend high-grade to surface, and test opposing vein orientations to the main east-northeast striking orientation of the Keats-Baseline Fault Zone at Iceberg-Iceberg East, a high-grade zone located 300m northeast of Keats along the highly prospective Appleton Fault Zone (“AFZ”). New Found’s 100%-owned Queensway project comprises a 1,662 km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240313762569/en/

Iceberg and Iceberg East Highlights:

Table 1: Iceberg and Iceberg East Drilling Highlights

Note that the host structures are interpreted to be moderately to steeply dipping and true widths are generally estimated to be 170% to 95%, 240% to 70%, and 310% to 40% of reported intervals. 4True widths are unknown at this time. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution when above 200m vertical depth and 2m consecutive dilution when below 200m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

• 36.2 g/t Au over 16.70m in NFGC-23-1820 and 33.7 g/t Au over 14.70m in NFGC-23-1827 are located approximately 45m apart within the high-grade domain of Iceberg where a confluence of high-grade gold veins and associated structures intersect. These holes were drilled from the west to the east to better test this secondary set of gold veins that are partly controlling the high-grade mineralization in this segment of the Keats-Baseline Fault Zone (“KBFZ”) and to gain a better understanding of their orientations and true widths.
• 40.5 g/t Au over 5.85m in NFGC-23-1838 and 13.9 g/t Au over 12.80m in NFGC-23-1914 are located at a vertical depth of just 20m and were designed to extend high-grade gold mineralization to surface at Iceberg. These holes are located 50m to the south and 150m to the north of NFGC-23-1820, respectively.
• Other notable intercepts from today’s release include 12.6 g/t Au over 16.70m in NFGC-23-1323 and 42.8 g/t Au over 7.35m in NFGC-23-1746, located 25m and 80m along strike to the north of NFGC-23-1820. The intercept of 24.9 g/t Au over 2.25m in NFGC-23-1613 is located a further 530m to the east at the far eastern extent of Iceberg East.
• The near-surface Iceberg-Iceberg East high-grade segment of the KBFZ has a strike length of 655m. When combined with the 400m high-grade segment of Keats Main, this near-surface, high-grade corridor covers over 1km of strike. This domain of high-grade occurs within the overall KBFZ, a gold mineralized damage zone that is drill-defined over 1.9km of strike, where it remains open.

Melissa Render, VP of Exploration of New Found, stated: “Infill and definition drilling at Iceberg and Iceberg East have provided us with a comprehensive picture of the near-surface expression of this portion of the KBFZ, including the geometries of the veins at play and the controls on high-grade gold mineralization. The KBFZ has demonstrated several times over that it is a very important structure, with the majority of meters used to date to test only the top 250m vertical. The Company has now expanded the program at Iceberg-Iceberg east utilizing the seismic data to assist in targeting additional domains of gold mineralization within the KBFZ at depth.”

Drillhole Details

Table 2: Summary of composite results reported in this press release for Iceberg and Iceberg East

Note that the host structures are interpreted to be moderately to steeply dipping and true widths are generally estimated to be 170% to 95%, 240% to 70%, and 310% to 40% of reported intervals. 4True widths are unknown at this time. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution when above 200m vertical depth and 2m consecutive dilution when below 200m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

Table 3: Details of drill holes reported in this press release

Queensway 650,000m Drill Program Update

The Company is currently undertaking a 650,000m drill program at Queensway and approximately 4,500m of core is currently pending assay results.

Sampling, Sub-sampling, and Laboratory

All drilling recovers HQ core. Drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.

A geologist examines the drill core and marks out the intervals to be sampled and the cutting line. Sample lengths are mostly 1.0 meter and adjusted to respect lithological and/or mineralogical contacts and isolate narrow (<1.0m) veins or other structures that may yield higher grades.

Technicians saw the core along the defined cutting line. One-half of the core is kept as a witness sample and the other half is submitted for analysis. Individual sample bags are sealed and placed into totes, which are then sealed and marked with the contents.

New Found has submitted samples for gold determination by fire assay to ALS Canada Ltd. (“ALS&CloseCurlyDoubleQuote;) and by photon assay to MSALABS (“MSA&CloseCurlyDoubleQuote;) since June 2022. ALS and MSA operate under a commercial contract with New Found.

Drill core samples are shipped to ALS for sample preparation in Sudbury, Ontario, Thunder Bay, Ontario, or Moncton, New Brunswick. ALS is an ISO-17025 accredited laboratory for the fire assay method.

Drill core samples are also submitted to MSA in Val-d&CloseCurlyQuote;Or, Quebec. MSA operates numerous laboratories worldwide and maintains ISO-17025 accreditation for many metal determination methods. MSA is an ISO-17025 accredited laboratory for the photon assay method.

At ALS, the entire sample is crushed to approximately 70% passing 2mm. A 3,000-g split is pulverized. “Routine&CloseCurlyDoubleQuote; samples do not have visible gold (VG) identified and are not within a mineralized zone. Routine samples are assayed for gold by 30-g fire assay with an inductively-couple plasma spectrometry (ICP) finish. If the initial 30-g fire assay gold result is over 1 g/t, the remainder of the 3,000-g split is screened at 106 microns for screened metallics assay. For the screened metallics assay, the entire coarse fraction (sized greater than 106 microns) is fire assayed and two splits of the fine fraction (sized less than 106 microns) are fire assayed. The three assays are combined on a weight-averaged basis. Samples that have VG identified or fall within a mineralized interval are automatically submitted for screened metallic assay for gold.

At MSA, the entire sample is crushed to approximately 70% passing 2mm. For “routine&CloseCurlyDoubleQuote; samples that do not have VG identified and are not within a mineralized zone, the samples are riffle split to fill one 450g jar for photon assay. If the jar assays greater than 1 g/t, the remaining crushed material is weighed into multiple jars and are submitted for photon assay.

For samples that have VG identified or are within a mineralized zone, the entire crushed sample is weighed into multiple jars and are submitted for photon assay. The assays from all jars are combined on a weight-averaged basis.

All samples prepared at ALS or MSA are also analyzed for a multi-element ICP package (ALS method code ME-ICP61) at ALS Vancouver.

Drill program design, Quality Assurance/Quality Control and interpretation of results are performed by qualified persons employing a rigorous Quality Assurance/Quality Control program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples in addition to the laboratory&CloseCurlyQuote;s internal quality assurance programs.

Quality Control data are evaluated on receipt from the laboratories for failures. Appropriate action is taken if assay results for standards and blanks fall outside allowed tolerances. All results stated have passed New Found&CloseCurlyQuote;s quality control protocols.

New Found&CloseCurlyQuote;s quality control program also includes submission of the second half of the core for approximately 2% of the drilled intervals. In addition, approximately 1% of sample pulps for mineralized samples are submitted for re-analysis to a second ISO-accredited laboratory for check assays.

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&CloseCurlyQuote;s Qualified Person against the original assay certificates.

The Company notes that it has not completed any economic evaluations of its Queensway Project and that the Queensway Project does not have any resources or reserves.

Qualified Person

The scientific and technical information disclosed in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer and a Qualified Person as defined under National Instrument 43-101. Mr. Matheson consents to the publication of this press release dated March 13, 2024, by New Found. Mr. Matheson certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

About New Found Gold Corp.

New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 650,000m drill program at Queensway and is well funded for this program with cash and marketable securities of approximately $49 million as of March 2024.

Please see the Company&CloseCurlyQuote;s website at www.newfoundgold.ca and the Company&CloseCurlyQuote;s SEDAR+ profile at www.sedarplus.ca.

Acknowledgements

New Found acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Contact

To contact the Company, please visit the Company&CloseCurlyQuote;s website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours.

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.

Forward-Looking Statement Cautions

This press release contains certain “forward-looking statements&CloseCurlyDoubleQuote; within the meaning of Canadian securities legislation, relating to exploration, drilling and mineralization on the Company&CloseCurlyQuote;s Queensway gold project in Newfoundland and Labrador; assay results; the interpretation of drilling and assay results, the results of the drilling program, mineralization and the discovery of zones of high-grade gold mineralization; plans for future exploration and drilling and the timing of same; the merits of the Queensway project; future press releases by the Company; and funding of the drilling program. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects&CloseCurlyDoubleQuote;, “plans&CloseCurlyDoubleQuote;, “anticipates&CloseCurlyDoubleQuote;, “believes&CloseCurlyDoubleQuote;, “interpreted&CloseCurlyDoubleQuote;, “intends&CloseCurlyDoubleQuote;, “estimates&CloseCurlyDoubleQuote;, “projects&CloseCurlyDoubleQuote;, “aims&CloseCurlyDoubleQuote;, “suggests&CloseCurlyDoubleQuote;, “demonstrates&CloseCurlyDoubleQuote;, “encouraging&CloseCurlyDoubleQuote;, “indicate&CloseCurlyDoubleQuote;, “often&CloseCurlyDoubleQuote;, “target&CloseCurlyDoubleQuote;, “future&CloseCurlyDoubleQuote;, “likely&CloseCurlyDoubleQuote;, “pending&CloseCurlyDoubleQuote;, “potential&CloseCurlyDoubleQuote;, “goal&CloseCurlyDoubleQuote;, “objective&CloseCurlyDoubleQuote;, “prospective&CloseCurlyDoubleQuote;, “possibly&CloseCurlyDoubleQuote;, “preliminary&CloseCurlyDoubleQuote;, and similar expressions, or that events or conditions “will&CloseCurlyDoubleQuote;, “would&CloseCurlyDoubleQuote;, “may&CloseCurlyDoubleQuote;, “can&CloseCurlyDoubleQuote;, “could&CloseCurlyDoubleQuote; or “should&CloseCurlyDoubleQuote; occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of assay results and the drilling program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management&CloseCurlyQuote;s discussion and Analysis, publicly available through the Canadian Securities Administrators&CloseCurlyQuote; System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240313762569/en/