#ExploringMining
#Podcast – #Mining News from (NYSE: $IAG) (TSXV: $AMK.V) (TSXV: $BHS.V) (CSE: $ABC.C)
(TSXV: $AWX.V)
Point Roberts WA, Delta BC, October 4, 2019
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IAMGOLD Corporation (NYSE:IAG)
has confirmed that its activities at the southern
pits of its Rosebel Gold Mine in Suriname will continue to ramp up, despite
reports of a blockade at the site. An excerpt from the press release reads:
“We
reiterate that our 2019 guidance for Rosebel remains conservative,
incorporating several scenarios, including cases with no production from the
southern pits and Saramacca.
We
continue to work closely with, and have the full support of, the local
community, the union and the highest levels of the government. We remain
confident regarding our original ramp-up timeline for the southern pits.”
American Creek Resources Ltd. (TSXV:AMK) has reported composite results from the Treaty
Creek Project located in the Golden Triangle of NW British Columbia. Among the
highlights is the deep vertical hole GS19-48, which was drilled to a total
depth of 1035m and returned 0.725 g/t Au over 838.5m, including a near surface
interval of 328.5m averaging 1.048 g/t gold Au. Darren Blaney, American Creek
CEO, commented:
"The
Goldstorm deposit continues to produce world-class intercepts that are both
deep and yet very strong close to surface. Hole GS-19-48 carries 0.725 g/t Au
over 838.5m including a near surface interval of 1.048 g/t over 328.5m. It's
just one of many holes that extend to depth ending in mineralization.”
Bayhorse Silver Inc. (TSXV:BHS) has “submitted 111 HQ core samples from the 2010
Brandywine drilling program that were undertaken to test drilling results from
a 1995 drilling program by La Rock, in which gold assaying returned values of
up to 36.9 g/t over 1.5 m and 8.57 g/t over 4.6 m.” Bayhorse CEO Graeme O'Neill
said:
"Compiling
and overlaying all the historic results has provided us a much better picture
of the gold and silver exploration potential of property outside the core
mineralized zones, where high grade gold was either mined, at the Tedi Pit, or
drilled at Dave's Pond."
American Battery Metals Corp. (CSE:ABC) has entered into a non-binding letter of intent
to acquire fintech company Climb Credit Inc. According to the press release,
“Key conditions of the Proposed Transaction would include completion by Climb
of a $3,000,000 financing, the Company having cash of a minimum of $2,000,000
and no liabilities or encumbrances as well as stock exchange and regulatory
approvals, as applicable”.
ArcWest Exploration Inc. (TSXV:AWX) has announced the discovery of a previously unknown
zone of polymetallic volcanogenic massive sulfide (VMS) mineralization on its
34,764 hectare Todd Creek Project in B.C.’s Golden Triangle. Highlights include
significantly higher gold grades demonstrated in the VMS West Zone, and
strongly elevated silver, lead and zinc values in the VMS East Zone. Tyler
Ruks, President of ArcWest, commented:
"Our
2019 mapping and sampling program at the Todd Creek VMS Zone continues to
expand the size and potential of this very significant and untested massive
sulfide discovery. With the discovery of the copper and gold enriched VMS West
Zone we have defined a useful metal zonation which represents a significant
exploration vector in VMS systems.“
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