#ExploringMining
#Podcast – #Mining News from (NYSE American: $SILV) (TSX: $SIL.TO) (NYSE: $NEM)
(NYSE: $BVN) (TSXV: $ALTA.V) (TSXV: $AAX.V)
Point Roberts WA, Delta BC, October 10,
2019 Investorideas.com, a global
investor news source covering mining and metals stocks releases today’s edition
of Exploring
Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ,
NYSE companies plus interviews with
CEO's and leading experts.
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SilverCrest Metals Inc. (NYSE
American:SILV) (TSX:SIL) has announced expansion drill results for three veins –
Giovanni, La Blanquita and Las Chispas – and the discovery of a new vein, La
Blanquita Dos, in the Las Chispas Area of the Las Chispas Project located in
the state of Sonora, Mexico. The announcement’s multi-vein results show deeper
mineralization which could expand the current resource estimate. N. Eric Fier,
SilverCrest President and CEO, explained:
"While
the veins in the Las Chispas Area are usually overshadowed by the exceptional
high-grades of the Babicanora Area veins, these results have established the
potential to expand and improve the average grade of the resources for the Las
Chispas Area veins. New drill results from deeper intercepts in the Giovanni
Vein are particularly impressive with an average grade of 1,084 gpt AgEq or
over three times the average grade of 349 gpt AgEq used in the current Giovanni
resource estimate. Drilling completed since the February 2019 resource estimate
suggests that these high-grade veins extend to depth, down plunge and are open
for further expansion. With the Babicanora Area in-fill drilling nearing
completion, and based on success of expansion drilling in the Las Chispas Area,
we will be re-allocating three drills for an additional 8,000 metres of
drilling in Q4, 2019. With further success, the deeper multi-vein
mineralization in the Las Chispas Area may develop into a new higher-grade
source of potential production later in the mine life.”
Newmont Goldcorp Corporation (NYSE:NEM) has confirmed that the illegal blockade of the
Peñasquito mine in Mexico was lifted yesterday. According to the press release,
the blockade “impacted Peñasquito’s third quarter production by approximately
11,000 gold ounces, 1.7 million silver ounces, 13.7 million pounds of lead and
22.8 million pounds of zinc, and is expected to impact the Company’s full-year
results for the operation”. Mine operations are still temporarily suspended
until further evaluation is completed.
Compania de Minas Buenaventura (NYSE:BVN) has revealed its preliminary 3Q19 production and
volume sold. Production comments indicates that the “2019 guidance for Tambomayo’s lead and zinc
production has increased due to Buenaventura’s mine plan approach which enables
access to areas with higher grades and profitability” and that the company
“expects to increase silver production during the fourth quarter 2019 due to
access to areas with higher silver grades”.
Altamira Gold Corp. (TSXV:ALTA) has received the results of the new resource
estimate from Global Resource Engineering Ltd. for its advanced Cajueiro
project in northern Mato Grosso state in western Brazil. Highlights from the
report include:
●
The
2019 Inferred resources represent a 83%
increase in the total amount of contained ounces of gold and a 61% increase in
the gold grade
●
Inferred
resources total 12,665,000t @ 1.26 g/t
gold for a total of 515,000oz of gold of which 1,673,000t @ 1.12 g/t gold
(for 60,000 oz) is weathered rock and 10,992,000t @ 1.29 g/t (for 455,000oz) is
fresh rock
●
The
2019 Indicated resources represent a 13.5% decrease in the total amount of
contained ounces but also represent a
33% increase in grade
●
Indicated
resources total 5,661,000t @ 1.02 g/t
gold for a total of 185,000 oz of gold of which 854,000t @ 0.92 g/t gold
(for 25,000 oz) is weathered rock and 4,806,000t @ 1.04 g/t (for 160,000 oz) is
fresh rock
●
The
2019 resource estimate includes several deposits which are all open at depth
and are confined to an area of 285 ha. The Cajueiro concession area is largely
unexplored and totals 39,053 ha with numerous untested gold-in-soil anomalies
Advance Gold Corp. (TSXV:AAX) has announced that the second phase of geophysics
is underway on the Company's Tabasquena project in Zacatecas, Mexico. According
to the press release, the “first phase survey identified a large continuous
chargeability anomaly just below an area of widespread gold and silver
mineralization in epithermal veins”, while the second phase survey “will extend
the grid approximately 1000 metres to the south where due to the elevation
change the anomaly is closest to surface”. Allan Barry Laboucan, President and
CEO of Advance Gold Corp. commented:
"It's
a very exciting time for Advance Gold, previous drilling found a network of
veins with widespread gold and silver mineralization. Following this the first
phase geophysical survey revealed a large chargeability anomaly right below
these veins. Another impressive aspect of the first IP survey is that as we
move to the south there is a decrease in the depth to the IP anomaly that would
indicate that the anomaly is getting nearer to the surface as we move to the
south. A possible reason for this is that the elevation decreases as we go
southward, so it is important for us to extend the IP grid to the south before
we drill test the IP anomaly. In our recent news release announcing the
addition of our geophysical advisor, he described the anomaly as 'quite
remarkable in its size and continuity.' As the anomaly is quite large, we are
able to expand the grid to the south with fewer lines so we expect to complete
this survey within 2 weeks and then begin drilling. We are in a region with
very large mines, including El Coronel which is an open pit mine in production
since 2008 which is 12 miles to the south of Tabasquena. Our team looks forward
to further advancing the Tabasquena project with the second phase of geophysics
and upcoming drilling."
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