#ExploringMining
#Podcast – #Mining News from (TSXV: $KNT.V) (TSXV: $KCC.V) (TSXV: $JAX.V) (CSE:
$IMCX.C) (TSX: $OMI.TO)
Point Roberts WA, Delta BC, November 13,
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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K92 Mining Inc. (TSXV:KNT) has released its third quarter financial results for
2019. This quarter saw revenue of $20,989,036 with a gross margin of
$8,750,138, as well as 32,094 tonnes processed, production of 19,170 oz AuEq
from the Kora North deposit. John Lewins, K92 CEO and Director, commented:
“With
production of just under 20,000 oz AuEq for the Third Quarter and just under
60,000 oz AuEq for the year-to-date and despite significant disruption
associated with the expansion project, we have confirmed our conviction that we
will achieve the top half of our updated AuEq production guidance, while
delivering all-in sustaining costs at the bottom of or below our guidance.”
Kincora Copper Limited (TSXV:KCC) has entered into an agreement with Temuulen Orshih LLC, which owns
100 percent of the Badrakh copper-gold porphyry project. Sam Spring, President
and CEO, explained:
“The agreement for Badrakh provides a path to control alongside a well
credentialed vendor and partner, for a priority drill ready project underpinned
by large scale porphyry targets which are favourably located to existing
infrastructure and on the doorstep to China .
Funds
from Kincora's project generation budget support drilling expected to shortly
commence at Badrakh, following first phase activities concluding at our East
Tsagaan Suvarga project. The agreement is inline with the Company's project
generation strategy, leveraging our strong technical teams experience,
systematic exploration approach and being the foremost listed group pursuing
further counter-cyclical expansion opportunities in Mongolia.
An
update for exploration activities at the Company's existing Bronze Fox and East
Tsagaan Suvarga projects is expected shortly."
Jaxon Mining Inc. (TSXV:JAX) has announced preliminary ground magnetic survey
data processing results and assay results for K-feldspar porphyry granodiorite
outcrop samples. Commenting on the results, John King Burns, CEO and Chairman
of the Board, commented:
"We
are pleased with the magnetic data processing results. This work has allowed us
to identify the profile and extent of the magnetic low areas at Red Springs.
The survey shows the positive magnetic anomaly dissipating between the 200 and
300 metre level; confirming where the porphyry should start to appear. The
processed magnetic data has been integrated with the soil geochemistry surveys,
IP survey results and other mapping work; and the magnetic survey results
support our interpretation of the other data sets. Our 3D geological model will
continually evolve as more data is added over the next few months. We are
starting to visualize the porphyries and surrounding structures and we are
looking forward to using the model to vector in on our drill targets for the
2020 season."
IMC International Mining Corp. (CSE:IMCX) has signed a letter of intent (LOI) with Orosur
Mining Inc. (TSX:OMI) to potentially purchase its mining,
exploration, and prospecting permits in the Isla Cristina Rivera Greenstone
Belt of Uruguay. According to the press release:
Upon
completion of due diligence favourable to the Company, and subject to
negotiation of a definitive agreement and receipt of all necessary corporate
and regulatory approvals, IMC will purchase control of the Permits by making
staged payments totalling US$1,000,000 over a one (1) year period from the date
of closing of the Potential Transaction.
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