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The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

Osisko Metals Incorporated (the ‘ Company or ‘ Osisko Metals ‘) ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

New analytical results are presented below (see Table 1), including 35 mineralized intercepts from ten new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com .

Highlights:

  • Drill hole 30-1128
    • 330.6 metres averaging 0.46% Cu (0.49% CuEq – expansion)
  • Drill hole 30-1115
    • 33.0 metres averaging 1.28% Cu (1.36% CuEq – expansion)
  • Drill hole 30-1117
    • 779.0 metres averaging 0.26% Cu (0.34% CuEq – infill and expansion)
  • Drill hole 30-1118
    • 555.9 metres averaging 0.20% Cu (0.26% CuEq – infill)
  • Drill hole 30-1123
    • 313.5 metres averaging 0.23% Cu (0.28% CuEq – infill and expansion)
    • 220.5 metres averaging 0.20% Cu (0.30% CuEq – expansion)
  • Drill hole 30-1125
    • 293.0 metres averaging 0.23% Cu (0.30% CuEq – expansion)
  • Drill hole 30-1126
    • 804.0 metres averaging 0.24% Cu (0.31% CuEq – infill and expansion)
  • Drill hole 30-1130
    • 347.7 metres averaging 0.24% Cu (0.29% CuEq – infill)
  • Drill hole 30-1131
    • 714.0 metres averaging 0.21% Cu (0.27% CuEq – both)

Table 1: Infill and Expansion Drilling Results

DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
30-1115 499.5 532.5 33.0 1.28 8.89 0.009 1.36 Expansion
And 661.5 717.6 56.1 0.59 3.52 <0.005 0.61 Expansion
30-1117 21.0 45.0 24.0 0.24 1.79 <0.005 0.25 Infill
And 149.0 161.0 12.0 0.17 1.84 0.016 0.24 Infill
And 212.5 991.5 779.0 0.26 1.68 0.019 0.34 Both
(including) 212.5 679.0 466.5 0.22 1.44 0.018 0.29 Infill
(including) 679.0 991.5 312.5 0.32 2.04 0.019 0.41 Expansion
30-1118 17.1 573.0 555.9 0.20 1.00 0.008 0.26 Infill
And 624.0 775.5 151.5 0.11 0.77 0.027 0.21 Expansion
30-1123 23.0 59.0 36.0 0.28 2.19 <0.005 0.30 Infill
And 72.0 107.0 35.0 0.19 1.93 <0.005 0.20 Infill
And 123.0 137.0 14.0 0.13 2.04 <0.005 0.14 Infill
And 213.0 526.5 313.5 0.23 1.84 0.012 0.28 Both
(including) 213.0 443.0 230.0 0.24 1.94 0.011 0.29 Infill
(including) 443.0 526.5 83.5 0.20 1.57 0.017 0.27 Expansion
And 553.5 774.0 220.5 0.20 1.63 0.024 0.30 Expansion
30-1125 15.3 199.5 184.2 0.20 0.97 <0.005 0.21 Infill
And 255.0 288.0 33.0 0.12 1.10 0.008 0.14 Infill
And 304.5 335.0 30.5 0.14 0.65 0.009 0.18 Infill
And 356.6 531.7 175.1 0.15 0.98 0.019 <0.005 Infill
And 643.0 936.0 293.0 0.23 1.26 0.019 0.30 Expansion
30-1126 72.0 204.0 132.0 0.13 1.05 0.005 0.15 Infill
And 229.5 1033.5 804.0 0.24 1.48 0.016 0.31 Both
(including) 229.5 634.1 404.6 0.24 1.81 0.017 0.32 Infill
(including) 634.1 1033.5 399.4 0.24 1.15 0.015 0.30 Expansion
30-1127 5.0 24.0 19.0 0.16 2.31 <0.005 0.18 Infill
And 107.0 124.0 17.0 0.30 3.53 0.005 0.33 Infill
And 255.0 284.2 29.2 0.28 2.66 0.012 0.34 Infill
And 328.5 370.5 42.0 0.21 1.84 0.008 0.25 Infill
And 476.5 493.5 17.0 0.19 1.46 <0.005 0.21 Infill
And 546.0 591.0 45.0 0.56 3.46 0.046 0.75 Infill
And 807.9 833.0 25.1 0.53 2.79 <0.005 0.56 Expansion
And 864.0 891.0 27.0 0.40 2.46 <0.005 0.42 Expansion
30-1128 8.0 32.0 24.0 0.18 2.48 <0.005 0.19 Expansion
And 44.0 58.0 14.0 0.21 2.01 <0.005 0.22 Expansion
And 78.0 193.5 115.5 0.44 3.67 0.008 0.49 Expansion
And 225.0 555.6 330.6 0.46 4.33 <0.005 0.49 Expansion
(including) 392.0 406.5 14.5 2.51 24.9 <0.005 2.66 Expansion
30-1130 5.0 18.0 13.0 0.19 2.09 <0.005 0.21 Infill
And 168.0 515.7 347.7 0.24 2.14 0.010 0.29 Infill
And 610.5 888.0 277.5 0.26 1.51 0.023 0.35 Infill
30-1131 27.0 741.0 714.0 0.21 1.11 0.015 0.27 Both

* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.

Discussion

Drill hole 30-1115, located on the eastern margin of the 2024 MRE model, did not intersect significant mineralization to a depth of 499 metres, but cut relatively high grades of 33.0 metres averaging 1.28 % Cu, 8.89 g/t Ag within the C Zone skarn horizon (expansion), as well as 56.1 metres averaging 0.59 % Cu and 3.52 g/t Ag, above the E Zone skarn horizon. The hole ended in an E zone stope where massive sulfides and high-grade skarns were previously mined.

Drill hole 30-1117, located on the western flank of Copper Mountain, cut three mineralized intervals including 779.0 metres averaging 0.26 % Cu, 1.68 g/t Ag and 0.019% Mo (which includes 312.5 metres of depth expansion), extending mineralization in this area to a vertical depth of 991 metres.

Drill hole 30-1118, located near the southern lip of the Copper Mountain open pit, cut two mineralized intervals including 555.9 metres averaging 0.20 % Cu, 1.00 g/t Ag and 0.008% Mo (infill) as well as a deeper intersection of 151.5 metres averaging 0.11 % Cu, 0.77 g/t Ag and 0.027% Mo (expansion), extending mineralization in this area to a vertical depth of 776 metres.

Drill hole 30-1123, located on the southern flank of Copper Mountain, cut three mineralized intersections, 14 to 36 metres thick and distributed in ‘layer cake’ fashion from surface to a vertical depth of 137 metres, followed by 313.5 metres averaging 0.23 % Cu, 1.84 g/t Ag and 0.012% Mo (infill and expansion) and then by 220.5 metres averaging 0.20 % Cu, 1.63 g/t Ag and 0.024% Mo (expansion), extending mineralization in this area to a vertical depth of 774 metres.

Drill hole 30-1125, located approximately 200 metres south of 30-1118, near Copper Brook, cut five mineralized intersections, 30 to 293 metres thick and distributed in ‘layer cake’ fashion from surface to a vertical depth of 936 metres, including 184.2 metres averaging 0.20 % C and 0.97 g/t Ag (infill) as well as 293.0 metres averaging 0.23 % Cu, 1.26 g/t Ag and 0.019% Mo (expansion).

Drill hole 30-1126, located on the western flank of Copper Mountain, cut two mineralized intervals including 804.0 metres averaging 0.24 % Cu, 1.48 g/t Ag and 0.016% Mo (which includes 399.4 metres of depth expansion), extending mineralization in this area to a vertical depth of 1033 metres.

Drill hole 30-1127, located near the eastern margin of the 2024 MRE model, cut eight intersections of mineralization, 17 to 45 metres thick and distributed in ‘layer cake’ fashion from surface to a vertical depth of 891 metres, confirming the near limit of the 2024 MRE model at this location.

Drill hole 30-1128, located 100 metres south of the southern margin of the 2024 MRE model, cut four mineralized intersections, all expansion outside the current resource model, including 115.5 metres averaging 0.44 % Cu and 3.67 g/t Ag within (and above) the B Zone skarn horizon, as well as 330.6 metres averaging 0.46 % Cu and 4.33 g/t Ag from the top of the C Zone skarn to well below (120 metres) the E zone horizon. This latter intersection included a high-grade interval of 14.5 metres averaging 2.51 % Cu and 24.9 g/t Ag, located in a mineralized vein/massive sulfide zone about 20 metres above the E Zone horizon. This is a new mineralized zone not previously identified at Gaspé Copper and its extent is presently unknown.

Drill hole 30-1130, located on top of Copper Mountain near the center of the 2024 MRE model, cut two significant mineralized intervals including 347.7 metres averaging 0.24 % Cu, 2.14 g/t Ag and 0.010% Mo, followed by 277.5 metres averaging 0.26% Cu, 1.51 g/t Ag and 0.023% Mo, extending mineralization in this area to a vertical depth of 874 metres.

Drill hole 30-1131, located near the southern lip of the Copper Mountain open pit adjacent to 30-1118, was drilled at a 78-degree dip towards the north and it intersected 741 metres of continuous mineralization from surface, averaging 0.21 % Cu, 1.11 g/t Ag and 0.015% Mo (infill). This hole confirmed mineralization in this area to a vertical depth of 725 metres, ending in the porphyry intrusion core of the Copper Mountain deposit.

Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. One prograde and at least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier, bedding replacement skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-parallel mineralization, that is mostly stratigraphically controlled, dominates in the area of lower Copper Mountain, Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.

The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).

The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.

Most holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.

Table 2: Drill hole locations

DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation
30-1115 0.0 -90.0 723.6 316600.0 5426109.0 612.4
30-1117 0.0 -90.0 1014.0 315811.0 5426424.0 695.7
30-1118 0.0 -90.0 780.0 315612.0 5426495.0 580.2
30-1123 0.0 -90.0 894.0 316136.0 5425972.8 621.3
30-1125 0.0 -90.0 972.0 315608.0 5426313.0 580.0
30-1126 0.0 -90.0 1080.9 315800.0 5426321.0 651.9
30-1127 0.0 -90.0 1029.0 316500.0 5426171.0 647.8
30-1128 90.0 -88.0 675.0 316277.0 5425557.0 566.5
30-1130 345.0 -80.0 888.0 316194.0 5426387.0 746.0
30-1131 355.0 -78.0 741.0 315612.0 5426495.0 583.0


Explanatory note regarding copper-equivalent grades

Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

Quality Assurance / Quality Control

Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 10 metres or less are not reported unless indicating significantly higher grades .   True widths are estimated at 90 – 92% of the reported core length intervals.

Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

For further information on this news release, visit www.osiskometals.com or contact:

Don Njegovan, President
Email: info@osiskometals.com
Phone: (416) 500-4129

Cautionary Statement on Forward-Looking Information

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. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. 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. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. 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 Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept 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.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1363bf79-5e03-4101-a728-51e24d82c5b7
https://www.globenewswire.com/NewsRoom/AttachmentNg/3081ce36-9665-4fc1-95ee-eeef072ff25b

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce that Sorbie Bornholm LP (‘Sorbie’), a UK Investment Fund, has undertaken an initial investment in Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (‘Questcorp’ or the ‘Company’). The gross amount of the investment is CAD$2,000,000. The funds will go toward advancing Questcorp’s ongoing exploration and development programs at its flagship La Union Gold and Silver Project in Sonora, Mexico, and its North Island Copper Property on Vancouver Island, British Columbia, and for general working capital purposes.

Reflecting on the new partnership, President & CEO, Saf Dhillon, commented:

‘We are incredibly pleased to have secured this strategic investment from Sorbie Bornholm, a respected international institutional investor. This financing provides us with the flexibility to accelerate exploration across our key assets in Mexico and British Columbia. We view Sorbie’s participation as a strong vote of confidence in Questcorp’s team, vision, and long-term potential to deliver value through discovery and development.’

Whitney Kofford, Managing Director of Sorbie Bornholm LP, added:

‘We are delighted to welcome Questcorp Mining Inc. as a new partner and portfolio company. Our decision to invest reflects our enormous confidence in Questcorp’s leadership. And in turn, by entering into a Sharing Agreement, Questcorp’s leadership signals strong conviction in their ability to execute and grow value for all stakeholders. Sorbie’s Sharing Agreement is designed to align interests towards growth and provide companies with consistent capital that rewards operational success and share price appreciation. We trust Questcorp will use the capital support to systematically unlock long-term value for all shareholders, and we look forward to sharing in their great upside potential.’

About Sorbie Bornholm

Sorbie Bornholm LP is a global investment firm that provides funding for ongoing business objectives to listed micro, small and mid-cap growth companies. We focus on public equity investments in companies that are looking to expand and on management teams with a clear growth strategy. Our extensive experience allows us to invest in most industries in order to provide supportive, longer-term capital that rewards company growth.

Since 2000, Sorbie Bornholm LP founder Greg Kofford has perfected the ‘Sorbie-Strategy’, utilizing a sharing agreement that supports management and rewards growth. This unique approach has now been used in over 50 investments – with many of those resulting in the companies receiving more cash than the original offering proceeds – without having to issue any additional shares.

Sorbie Bornholm’s core values drive who we are and how we invest. We are committed to developing long-term relationships with select listed public companies and their brokers & advisers. We focus on providing supportive, longer-term capital that rewards growth. We invest to make a difference, to become a valued partner and to be a shareholder of choice. It’s important to us that we succeed together.

To see if the Sorbie-Strategy is right for your company, please contact Sorbie Bornholm:

Whitney Kofford, Managing Director
+1-801-554-5889
whitney@sorbiebornholm.com https://sorbiebornholm.co.uk/

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.

Saf Dhillon, President & CEO

Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273793

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

(TheNewswire)

Vancouver, British Columbia TheNewswire – November 10, 2025 Juggernaut Exploration Ltd (JUGR.V) (OTCPK: JUGRF) (FSE: 4JE) ( the ‘Company’ or ‘Juggernaut’) is excited to announce that detailed mapping and sampling have confirmed that the gold-rich Big Mac Zone, Whopper Zone and Gold Dome Zone all form part of the 22 Km 2 district-scale Eldorado System that remains wide open where grab samples assayed up to 263.70 gt AuEq or 8.48 ozt AuEq and channel cuts assayed up to 4.89 gt AuEq over 5.21 m from >400 mineralized veins that are up to 10 m wide hosted in shear zones up to 50 m wide, and are exposed on surface for >1 km with >1 km of vertical relief, remains open and is drill ready on the Big One property (the ‘Property’), Golden Triangle, British Columbia. In addition, based on excellent assay results, the Company has acquired additional claims and expanded the Gold Swarm discovery area of strong gold potential from 1 km 2 to 3 km 2 and 700 m of vertical relief and remains open, effectively tripling this area of strong gold potential, where grab samples assayed up to 231.81 gt AuEq or 7.45 ozt AuEq and channel cuts assayed up to 4.51 gt AuEq over 4.36 m that remains open and is drill ready. The Big One discovery is located in an area of recent glacial and snowpack abatement adjacent to the Tier 1 gold-rich porphyry systems, the likes of Galore Creek. The 100% controlled Big One property covers 39,271 hectares of geological terrane with tremendous additional discovery potential.

Link to map with samples > 1 g/t AuEq

Big One Gold Rich District Scale System Highlights:

  • The district-scale Eldorado System covers an area ~half the size of the Island of Manhattan (22 km ) that remains wide open where grab samples assayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq and channel cuts assayed up to 4.89 g/t AuEq over 5.21 m from 400 mineralized veins that remain open and are up to 10 m wide, the equivalent to ~3-story building, hosted in shear zones up to 50 m wide, comparable to a 15-story building, and are exposed on surface for 500 m, or 5 football fields, with 1 km of vertical relief, the height of 2.5 Empire State Buildings.

Link to Gold Dome Figure

Link to Whopper Zone Figure

  • The Gold Swarm Area of strong gold potential has been expanded from 1 km to 3 km , equivalent to more than the downtown core of Vancouver B.C, with 700 m of vertical relief and remains wide open, with 100 veins up to 4.5 m wide, the equivalent of a 1.5-story building, and exposed on surface for 200 m equivalent to 2 football fields and remain open containing grab samples that assayed up to 231.81 g/t AuEq or 7.45 oz/t AuEq a nd channel cuts that assayed up to 4.51 g/t AuEq over 4.36 m. The Gold Swarm Area is drill ready.

Link to Goldswarm Figure

  • 41% (219 samples out of 527) collected within the Eldorado System in 2024 and 2025 assayed 1 g/t AuEq; 65% (28 samples out of 43) collected withing the Gold Swarm Zone in 2024 and 2025 assayed 1 g/t AuEq.

Grade (AuEq)

>1 g/t

>3 g/t

>5 g/t

>10 g/t

>15 g/t

>20 g/t

>30 g/t

>60 g/t

>90 g/t

Samples

219

129

95

66

51

40

23

8

5

  • Gold samples up to 256.60 g/t or 8.25 oz/t, silver samples up 2810 g/t or 90.34 oz/t, and copper samples up to 14.40 % were collected on Big One.

  • Detailed mapping has confirmed common orientations as well as similar geochemical signatures and textures of the gold-mineralized veins along the 15 km Highway of Gold corridor surrounding the snowcap of Deeker Glacier, strongly indicating that the gold-rich mineralization found throughout is all part of one huge district-scale gold system that remains wide open.

  • The polymetallic veins, alteration signature, geochemical pathfinder element signature, and geophysical anomalies strongly indicate the presence of a large common buried gold-silver-copper rich porphyry feeder source or similar magmatic source or sources at depth responsible for the extensive high-grade veining confirmed on surface over 22 km

  • The company recently received a 5-year property-wide advanced exploration drill permit.

  • Detailed geological and structural mapping has been completed on the reported drill targets in order to define the full geometry of these high-grade gold-bearing shears and veins and will be instrumental in designing the drill plan for the upcoming maiden drill program.

  • A high-resolution UAV photogrammetry survey was completed over an area of 52 km2 on the Eldorado System and Gold Swarm Zone encompassing all of the maiden drill targets. The data will be used to support modelling and define targeting the high-grade gold mineralization recently discovered.

  • A property wide LiDAR survey covering an area of 385 km has been conducted and will be used to augment information obtained from the mapping as well as plan the upcoming inaugural drill campaign.

  • Multiple drill-ready targets have been confirmed and are planned to be tested in the fully funded inaugural drill program and include but are not limited to: the 22 km Eldorado System hosting the Gold Dome Zone where grab samples assayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq; the Big Mac Zone where grab samples assayed up to 113.92 g/t AuEq or 3.66 oz/t AuEq; the Whopper Zone where grab samples assayed up to 43.94 g/t AuEq or 1.41 oz/t AuEq; and the Gold Swarm Area where grab samples assayed up to 231.81 g/t AuEq or 7.45 oz/t AuEq.

  • Juggernaut is working in consultation with the Tahltan First Nation and the local community and is committed to maintaining respectful and collaborative relationships. As we advance exploration on our project, we will continue working closely with the Tahltan First Nation and all the local stakeholders and regulatory agencies to ensure our activities create long-term value and reflect community priorities.

Dan Stuart, President and CEO of Juggernaut Exploration states: ‘With a district-scale discovery of this magnitude host to so many large gold-rich veins and shears exposed on surface that rise above the valley floor for >1 km we are likely only seeing the tip of the iceberg on this mountain of gold. We look forward to the fully funded maiden drill program on this remarkable gold discovery with much anticipation. The best is yet to come!’

Manuele Lazzarotto, PhD, Chief Geologist of Juggernaut Exploration, states: ‘With the advanced exploration permit in hand, we look forward to unlocking the full potential of the Big One gold discovery in the third dimension during the inaugural drill program. Once we receive, compile, and interpret all the deliverables from the detailed and regional mapping, UAV orthophotos survey, and LiDAR survey, the same team responsible for the Tier 1 Surebet gold discovery will design and execute the maiden drill program. Obvious opportunities with the scale and grades seen on Big One are extremely rare, and we have clearly barely begun to scratch the surface. The team looks forward to testing this remarkable discovery at depth.’

Table 1: Samples from 2024-2025 with assays >1 g/t AuEq

Sample ID

Year

Sample Type

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

AuEq (g/t)

M224886

2025

Float

256.60

546.00

0.43

0.41

0.01

263.70

M217656

2025

Float

226.94

335.00

0.00

4.99

0.01

231.81

D751423

2025

Grab

138.70

29.96

0.08

0.02

0.02

139.14

M220659

2025

Grab

111.35

159.00

0.02

3.88

0.01

113.92

M224956

2025

Grab

95.04

49.60

0.02

0.02

0.01

95.67

D751282

2024

Grab

79.01

58.90

0.13

0.43

0.80

80.08

D751407

2025

Grab

68.57

115.00

0.35

1.25

6.53

72.02

D751424

2025

Grab

60.08

9.57

0.01

0.00

0.01

60.21

D751966

2024

Grab

56.54

23.30

0.03

0.02

0.03

56.84

M220561

2025

Grab

55.50

38.62

0.09

2.02

0.44

56.47

M217807

2025

Channel

47.18

156.00

0.01

9.28

0.07

50.57

D750642

2025

Grab

43.99

102.00

0.00

9.19

0.44

46.79

M217601

2025

Channel

39.84

333.00

0.02

0.07

0.06

43.94

M217579

2025

Channel

34.96

415.00

0.02

21.13

0.06

43.38

D751216

2024

Grab

37.98

75.50

0.24

5.72

3.93

41.46

D751191

2024

Channel

12.12

2810.00

0.02

8.04

0.00

37.20

D751156

2024

Grab

33.72

177.00

0.27

2.71

0.27

36.11

D751357

2025

Grab

18.06

333.00

12.05

0.00

0.14

32.65

M217613

2025

Channel

31.68

9.40

0.16

0.00

0.10

31.96

M224961

2025

Grab

31.25

13.98

0.39

0.00

0.00

31.77

D750638

2025

Grab

14.46

621.00

0.11

54.39

0.44

30.79

D751375

2025

Grab

28.47

70.39

0.15

2.43

0.40

29.94

D751402

2025

Grab

29.23

11.44

0.17

0.01

0.00

29.52

D751373

2025

Grab

21.44

172.00

0.07

15.92

6.21

27.59

D751964

2024

Talus

23.47

110.00

1.37

0.01

0.00

26.07

D750389

2024

Grab

8.10

1420.00

1.11

0.15

2.70

26.01

D751163

2024

Float

23.97

116.00

0.02

2.16

0.13

24.53

D750639

2025

Grab

18.12

174.00

3.36

2.91

0.03

23.63

M217567

2025

Channel

17.00

461.00

0.04

0.87

0.31

22.86

D750624

2025

Grab

21.62

45.06

0.00

2.33

0.16

22.58

M217705

2025

Channel

20.78

48.45

0.62

2.37

1.05

22.53

M224905

2025

Talus

9.48

646.00

5.48

0.05

0.05

22.15

M224982

2025

Chip

21.17

20.30

0.02

0.92

0.03

21.58

M217655

2025

Grab

19.64

15.34

0.00

1.37

2.93

20.74

M224983

2025

Grab

14.06

191.00

0.15

17.27

4.50

20.31

D751365

2025

Grab

9.35

566.00

0.01

25.22

0.06

20.24

M217657

2025

Grab

18.11

88.95

0.00

2.08

0.01

19.53

D750621

2025

Grab

3.76

223.00

14.45

0.00

0.11

19.09

D750644

2025

Grab

18.47

12.54

0.00

0.89

0.01

18.77

D750625

2025

Grab

18.32

6.19

0.01

0.01

0.55

18.54

D751374

2025

Talus

16.60

66.43

0.38

1.82

0.60

18.17

D750641

2025

Grab

15.52

55.65

0.63

1.85

0.08

17.06

M224959

2025

Grab

15.94

16.54

0.00

0.01

0.01

16.15

D750394

2024

Grab

13.12

163.00

0.51

1.65

0.42

16.04

M217852

2025

Channel

15.39

20.95

0.04

1.02

0.37

15.93

M217649

2025

Channel

14.96

22.24

0.41

0.64

0.95

15.92

D751285

2024

Grab

3.74

91.20

7.96

0.01

0.01

13.18

D751975

2024

Grab

10.62

198.00

0.00

0.77

0.01

13.10

D750192

2024

Grab

3.44

220.00

6.61

0.00

0.01

12.91

M224932

2025

Grab

0.00

755.00

0.63

6.07

7.28

12.43

D750852

2025

Subcrop

1.07

860.00

0.01

2.12

1.32

12.20

M220602

2025

Grab

11.92

2.04

0.01

0.00

0.04

11.96

M224883

2025

Grab

11.07

20.98

0.03

0.01

0.00

11.36

D751943

2024

Grab

4.00

128.00

0.30

15.35

8.35

11.32

D750198

2024

Float

6.01

34.10

0.14

0.04

15.30

11.21

M217784

2025

Channel

10.83

1.88

0.00

0.00

0.04

10.87

D750704

2025

Grab

2.59

325.00

0.35

22.97

1.56

10.83

D750608

2024

Grab

10.62

3.20

0.00

0.01

0.01

10.67

M217785

2025

Channel

10.17

1.97

0.00

0.00

0.01

10.20

M224957

2025

Grab

9.65

15.14

0.03

0.18

0.48

10.00

D751154

2024

Grab

5.72

218.00

0.22

1.81

1.34

9.20

D751969

2024

Float

5.59

185.00

0.40

1.91

0.98

8.82

D751284

2024

Float

6.34

47.70

0.03

6.78

0.59

8.66

D751151

2024

Float

2.79

474.00

0.01

20.00

1.22

8.59

D751192

2024

Channel

3.39

366.00

0.01

0.11

0.00

7.68

D751372

2025

Grab

7.44

16.56

0.00

0.17

0.01

7.67

D751104

2024

Float

3.79

204.00

0.30

4.60

1.12

7.54

D750395

2024

Grab

6.01

105.00

0.01

0.06

0.09

7.42

D750643

2025

Grab

7.36

2.04

0.00

0.03

0.02

7.40

M217571

2025

Channel

6.06

89.91

0.04

0.01

0.67

7.35

M220559

2025

Grab

1.55

262.00

0.01

13.83

0.08

6.94

M220601

2025

Grab

6.77

5.19

0.08

0.00

0.01

6.91

M224865

2025

Grab

0.05

213.00

4.32

0.07

0.48

6.53

M217589

2025

Channel

5.81

19.08

0.35

0.37

0.28

6.48

D751403

2025

Float

6.13

14.47

0.00

0.02

0.01

6.31

D751368

2025

Talus

6.09

6.80

0.01

0.25

0.04

6.24

D751433

2025

Grab

0.03

139.00

2.99

4.42

4.65

6.13

D751369

2025

Grab

4.97

71.63

0.02

1.44

0.07

6.10

D751939

2024

Channel

5.06

96.30

0.00

0.05

0.03

6.10

M217566

2025

Channel

4.40

118.00

0.02

0.13

0.22

5.93

D751107

2024

Float

4.09

71.80

0.22

1.20

0.95

5.71

D751112

2024

Float

4.94

59.50

0.00

0.31

0.02

5.70

M217702

2025

Channel

4.30

38.77

0.58

2.16

0.10

5.64

M224981

2025

Grab

5.31

13.36

0.01

0.69

0.04

5.60

D751435

2025

Grab

5.19

10.98

0.00

0.54

0.20

5.46

D751158

2024

Grab

4.60

30.70

0.04

1.36

0.02

5.31

M220673

2025

Grab

0.00

345.00

0.03

0.45

4.17

5.29

M217648

2025

Channel

4.69

7.08

0.26

0.44

0.43

5.17

M217788

2025

Channel

5.15

1.29

0.01

0.01

0.00

5.17

D750657

2024

Grab

3.71

40.80

0.76

0.01

0.02

4.98

M220603

2025

Grab

0.39

313.00

0.26

1.50

1.07

4.92

D751215

2024

Grab

2.96

102.00

0.04

0.04

2.15

4.84

D750094

2024

Grab

0.02

108.00

1.01

0.06

8.60

4.83

D750632

2025

Float

4.44

20.01

0.02

0.74

0.01

4.83

D750656

2024

Grab

1.56

97.60

0.06

7.88

0.25

4.53

M217573

2025

Channel

4.27

16.46

0.00

0.00

0.00

4.48

M217643

2025

Channel

4.35

3.99

0.01

0.01

0.04

4.42

M217608

2025

Channel

4.35

1.50

0.00

0.00

0.01

4.38

D751406

2025

Grab

4.07

12.47

0.00

0.02

0.05

4.24

M224868

2025

Grab

0.38

68.48

3.42

0.01

0.15

4.23

M217805

2025

Channel

4.18

2.82

0.00

0.03

0.01

4.22

D750088

2024

Grab

0.16

143.00

0.04

7.63

1.50

4.18

M224938

2025

Grab

0.00

89.59

3.15

0.01

1.15

4.11

D751417

2025

Grab

3.38

46.67

0.00

0.41

0.00

4.02

M217637

2025

Channel

3.63

10.25

0.03

0.53

0.59

4.00

D750664

2024

Float

0.46

292.00

0.02

4.51

0.08

3.99

D750854

2025

Grab

0.00

186.00

0.07

7.28

1.99

3.95

M224935

2025

Grab

0.00

271.00

0.23

1.45

0.78

3.91

M224866

2025

Grab

0.20

146.00

1.78

0.04

1.31

3.85

M224851

2025

Chip

2.61

38.00

0.13

1.99

0.85

3.70

D751697

2024

Grab

0.09

105.00

2.35

0.01

0.07

3.65

M220553

2025

Grab

0.59

200.00

0.01

3.58

0.06

3.61

D751283

2024

Float

0.26

12.60

3.02

0.00

0.00

3.57

D751946

2024

Grab

0.02

136.00

0.72

0.18

4.35

3.54

D751699

2024

Grab

2.15

68.90

0.01

2.63

0.06

3.51

D750751

2025

Grab

1.16

82.41

0.03

4.01

2.80

3.48

M224904

2025

Grab

1.04

187.00

0.00

0.43

0.17

3.43

D751195

2024

Channel

1.61

38.20

0.82

1.27

0.71

3.37

D751398

2025

Grab

0.09

65.28

2.01

2.59

1.34

3.36

D751436

2025

Grab

0.14

80.25

0.09

13.18

0.20

3.32

D751394

2025

Grab

0.24

187.00

0.16

1.40

1.42

3.22

D750554

2024

Channel

0.05

81.50

0.35

1.05

5.34

3.17

D750199

2024

Grab

0.15

108.00

0.01

7.73

0.05

3.13

D751836

2024

Chip

0.22

114.00

0.00

5.21

1.59

2.95

D751845

2024

Chip

2.63

24.80

0.00

0.01

0.00

2.95

D751972

2024

Channel

1.42

47.30

0.03

3.43

0.68

2.90

D751846

2024

Grab

2.59

24.70

0.01

0.00

0.00

2.87

D751207

2024

Grab

0.04

256.00

0.01

12.65

0.01

2.85

M224963

2025

Grab

2.63

9.40

0.09

0.08

0.01

2.84

M224855

2025

Grab

2.23

30.34

0.03

0.95

0.20

2.83

M217727

2025

Channel

2.73

2.04

0.01

0.03

0.01

2.77

D751109

2024

Grab

1.65

89.50

0.10

0.01

0.03

2.73

D751962

2024

Grab

0.55

95.20

0.26

1.17

1.98

2.65

D751404

2025

Grab

2.61

1.26

0.00

0.00

0.00

2.63

M220555

2025

Grab

0.09

83.19

0.04

8.00

0.64

2.55

D751968

2024

Grab

1.49

53.50

0.01

1.68

0.13

2.55

D751153

2024

Grab

0.83

86.60

0.38

0.08

1.16

2.52

M220674

2025

Grab

0.00

175.00

0.01

0.62

0.74

2.42

D751213

2024

Float

1.65

51.40

0.02

0.31

0.02

2.41

M224927

2025

Grab

0.70

40.80

0.13

6.73

0.02

2.37

M217782

2025

Channel

0.02

88.40

0.84

0.78

1.59

2.32

M224902

2025

Subcrop

2.02

10.72

0.01

0.90

0.02

2.31

M220677

2025

Talus

0.00

29.29

0.29

0.29

6.78

2.26

D751992

2024

Grab

0.33

102.00

0.03

3.27

0.06

2.21

D750448

2024

Grab

0.42

71.70

0.03

4.57

0.09

2.20

D751391

2025

Grab

1.89

14.34

0.10

0.24

0.01

2.19

D751947

2024

Grab

0.01

74.70

0.48

0.09

2.81

2.16

D750086

2024

Channel

0.17

17.30

0.12

1.11

4.70

2.16

D751371

2025

Grab

1.56

39.69

0.00

0.20

0.00

2.08

M224852

2025

Grab

1.08

50.66

0.16

0.93

0.29

2.05

D750555

2024

Channel

0.05

73.10

0.17

1.03

2.65

2.03

M217618

2025

Channel

1.94

6.23

0.00

0.00

0.01

2.02

D750629

2025

Grab

1.23

39.89

0.15

0.00

0.58

1.99

D751165

2024

Grab

1.95

6.80

0.00

0.01

0.01

1.99

M217592

2025

Channel

1.69

10.63

0.17

0.02

0.01

1.97

D750393

2024

Grab

1.01

41.30

0.02

1.79

0.37

1.97

D750449

2024

Grab

0.24

32.60

0.01

6.38

0.02

1.96

D751426

2025

Grab

1.91

1.49

0.00

0.00

0.01

1.94

D751352

2025

Chip

0.22

41.10

1.34

0.01

0.07

1.91

D751422

2025

Grab

0.01

41.14

1.55

0.01

0.02

1.86

M217853

2025

Channel

1.75

2.88

0.00

0.02

0.06

1.81

M217665

2025

Channel

0.80

43.76

0.53

0.00

0.01

1.80

M224912

2025

Grab

1.00

64.20

0.00

0.01

0.00

1.78

D751194

2024

Grab

0.44

130.00

0.01

0.08

0.09

1.74

D750725

2025

Grab

0.00

62.49

0.07

4.77

0.60

1.71

M224903

2025

Grab

0.47

39.05

0.86

0.01

0.01

1.70

M217721

2025

Channel

0.03

53.49

0.88

0.46

0.76

1.70

M220604

2025

Grab

0.50

29.35

0.89

0.30

0.03

1.69

D751429

2025

Grab

0.06

73.61

0.02

2.36

1.37

1.67

M224901

2025

Grab

1.46

12.66

0.02

0.22

0.01

1.66

D750197

2024

Grab

0.10

95.80

0.02

1.43

0.53

1.66

D750195

2024

Grab

0.33

15.30

0.07

2.21

1.77

1.60

D750083

2024

Channel

0.81

32.70

0.01

1.63

0.12

1.57

M217565

2025

Channel

0.47

12.27

0.61

0.04

1.67

1.56

M217724

2025

Channel

1.50

2.88

0.01

0.06

0.01

1.55

D750616

2025

Grab

0.11

64.83

0.52

0.35

0.56

1.54

D751251

2024

Grab

1.27

11.10

0.11

0.02

0.02

1.53

M217636

2025

Channel

1.33

12.99

0.01

0.07

0.01

1.52

D750552

2024

Channel

0.02

33.00

0.24

0.04

2.82

1.51

D751948

2024

Grab

0.11

53.10

0.01

3.48

0.07

1.49

D751993

2024

Grab

1.20

11.90

0.03

0.35

0.17

1.48

M224885

2025

Grab

0.48

14.86

0.90

0.00

0.01

1.45

D751116

2024

Grab

1.27

13.20

0.00

0.01

0.01

1.44

D750553

2024

Channel

0.02

25.10

0.22

0.06

2.82

1.42

D751115

2024

Grab

0.05

45.10

0.02

0.95

2.03

1.40

D751397

2025

Grab

0.01

26.13

0.65

0.05

2.10

1.40

M224914

2025

Grab

0.02

49.81

0.32

1.61

0.85

1.36

D750607

2024

Grab

0.68

43.40

0.00

0.75

0.03

1.36

D751941

2024

Grab

0.35

26.00

0.06

0.64

1.54

1.34

D750095

2024

Channel

0.06

52.40

0.07

1.56

0.93

1.32

D750093

2024

Channel

0.02

43.70

0.15

0.65

1.65

1.31

D751159

2024

Grab

0.54

29.00

0.03

1.93

0.03

1.31

M217707

2025

Channel

0.03

35.15

0.46

1.41

0.94

1.30

M217591

2025

Channel

1.17

3.78

0.06

0.04

0.03

1.28

D751599

2024

Float

0.05

67.20

0.02

1.54

0.23

1.27

M217625

2025

Channel

0.35

20.84

0.55

0.02

0.61

1.22

M217673

2025

Channel

0.07

48.23

0.03

1.41

1.35

1.22

M217626

2025

Channel

0.84

17.58

0.18

0.00

0.02

1.22

M224854

2025

Grab

0.95

20.56

0.05

0.91

0.24

1.21

D750706

2025

Float

0.03

86.21

0.09

0.10

0.05

1.18

D750091

2024

Channel

0.02

56.00

0.13

0.07

1.40

1.18

D751193

2024

Grab

0.44

20.60

0.48

0.01

0.01

1.17

D750087

2024

Channel

0.14

37.00

0.00

1.49

0.91

1.15

D751945

2024

Grab

0.02

27.30

0.08

1.53

1.17

1.13

M217704

2025

Channel

1.07

1.61

0.02

0.01

0.02

1.11

M224856

2025

Grab

0.01

18.03

0.66

0.02

1.22

1.10

D750727

2025

Grab

0.00

28.20

0.83

0.00

0.02

1.07

D751835

2024

Chip

0.12

25.20

0.05

1.76

0.75

1.05

M224919

2025

Grab

0.86

8.94

0.03

0.17

0.01

1.03

M217602

2025

Channel

0.55

25.19

0.16

0.03

0.05

1.02

The Big One property is situated in a region that is well known for hosting Tier 1 precious metal and porphyry deposits, several of which occur near the property including the multiple porphyry systems at Galore Creek (12,159 million pounds of copper, 9.438 million ounces of gold, 174.086 million ounces of silver), the world’s largest known gold reserve at KSM (47.3 million ounces of gold, 160 million ounces of silver, 7.32 billion pounds of copper) and the polymetallic copper project at Shaft Creek (5 billion pounds of copper, 3.7 million ounces of gold, 16.4 million ounces of silver), as well as the Brucejack high-grade epithermal gold deposit (14 million ounces of gold, 91.8 million ounces of silver), and the structurally controlled high-grade hydrothermal gold-silver zones at Trophy and Sphal Creek. The property geology is favorable to host these types of deposits as confirmed by the presence of extensive areas of propylitic alteration, untested geophysical anomalies, strong silt, soil and rock geochemistry including path finder elements directly related to porphyry systems, key structures and textures, porphyry-style mineralization, and high-grade polymetallic veins, that have been discovered within the Big One claims.

The Big One property can be accessed year-round via helicopter from the Glenora/Telegraph Creek Road at the Barrington Mine (33 km to the north-northeast) as well as the Galore Creek Road (15 km to the southeast). The Canadian government committed $20 M to extend/improve the Galore Creek Road to within 15 km of the Big One property. The property is 2 km west of the Scud River airstrip used in the early days of Galore Creek.

The Big One property exploration qualifies for the Critical Mineral Exploration Tax Credit (CMETC).

The Company would like to extend a special thanks to the Tahltan First Nation, the local community, and service providers for supporting our efforts and contributing to the success of this year’s program. We look forward to continuing to work with the Tahltan First Nation and all local stakeholders and businesses while we move forward to unlocking the full potential of this amazing new discovery. WORKING TOGETHER WE SUCCEED!

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact:

Juggernaut Exploration Ltd.

Dan Stuart

President and Chief Executive Officer

Tel: (604)-559-8028

www.juggernautexploration.com

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Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Other

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials, and duplicate samples are inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, BC. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to ~70% of the material passing a 2 mm sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85% of the material passes through a 75 µm sieve. The crushed samples are transported to the MSALABS PhotonAssayTM facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations ≥5 ppm are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried at the MSALABS facilities in Surrey, BC, where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses 4-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with over-limit results for Ag, Cu, Pb and Zn undergo ore-grade analysis via the ICF-6xx method (where ‘xx’ denotes the target metal). This method employs 4-acid digestion followed by inductively coupled plasma emission spectrometry.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN it.

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.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) completed the first tranche of its non-brokered private placement (the ‘Offering’) on October 24, 2025. In connection with closing of the first tranche, the Company issued 14,000,334 units (each, a ‘Unit’) at a price of $0.15 per Unit for gross proceeds of $2,100,050. Each Unit consists of one common share of the Company (each, a ‘Share’) and one-half-of-one share purchase warrant (each whole warrant, an ‘Warrant’). Each Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.20 until October 24, 2027, subject to accelerated expiry in the event the closing price of the Shares is $0.50 or higher for ten consecutive trading days.

A portion of the Units issued under the first tranche the Offering, representing $2,000,000 are held pursuant to a sharing agreement entered into with an institutional investor, Sorbie Bornholm LP (‘Sorbie‘) and the Company (the ‘Sharing Agreement‘). Funds deposited under the Sharing Agreement are secured in escrow with a third-party. The Sharing Agreement provides that the Company’s economic interest will be determined in twenty-four monthly settlement tranches as measured against the Benchmark Price (as defined herein). Unless subject to adjustment, each monthly settlement tranche will total $79,792.

If, at the time of settlement, the Settlement Price (determined monthly based on a volume-weighted average price for twenty trading days prior to the settlement date) (the ‘Settlement Price‘) exceeds the benchmark price of $0.1949 (the ‘Benchmark Price‘), the Company shall receive more than one-hundred percent of the monthly settlement due, on a pro-rata basis. There is no upper limit placed on the additional proceeds receivable by the Company as part of the monthly settlements. If, at the time of settlement, the Settlement Price is below the Benchmark Price of $0.1949, the Company will receive less than one-hundred percent of the monthly settlement due on a pro-rata basis. In no event will a decline in the Settlement Price of the Units result in an increase or decrease in the number of Units being issued to Sorbie, but it could result in the Company receiving less than the full amount of the subscription received from Sorbie or in the Company receiving a nominal amount for a particular month.

As an example, the following are the monthly settlement amounts the Company would receive based on varying Settlement Prices:

Settlement Price Monthly Settlement Amount
$0.2449 $100,262
$0.1949 (Benchmark Price) $79,792
$0.1449 $59,322

 

For further information concerning the Offering, readers are encouraged to review the news release issued by the Company on October 27, 2025.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.

Saf Dhillon, President & CEO

Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273791

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

Rich Checkan, president and COO of Asset Strategies International, shares his thoughts on the recent pullback in gold and silver prices, emphasizing that both still have room to run.

In his view, silver is set to outpace gold in 2026.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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