#ExploringMining
#Podcast – #Mining News from (NYSE: $NEM) (ASX: $EVN.AX) (TSXV: $WGO.V) (TSXV:
$AGG.V) (TSXV: $ABN.V)
Point Roberts WA, Delta BC, November 26,
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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Newmont Goldcorp Corporation (NYSE:NEM) has reached an agreement to sell the Red Lake
complex in Ontario, Canada to Evolution Mining Limited (ASX:EVN) for $375 million in cash and
“contingent payments of up to an additional $100 million tied to new resource
discoveries”. Tom Palmer, President and CEO of Newmont, commented:
“This
transaction both strengthens our balance sheet and provides ongoing exposure to
new discoveries at Red Lake. Evolution is a highly respected and responsible
gold producer who is committed to the success of Red Lake and who we believe
will prove a great partner for surrounding communities and stakeholders.”
White Gold Corp. (TSXV:WGO) has announced the first drill results for the Titan
target, Hen property, Yukon. The drilling intercepted 72.81 g/t Au over 6.09m
from 10.67m depth, including 136.36 g/t Au over 3.05m at 12.19m depth within a
32m zone of mineralization, according to the press release. Shawn Ryan, Chief
Technical Advisor, White Gold Corp., commented:
"We
are very excited about the drill results confirming the discovery of high-grade,
near-surface gold mineralization. These results represent the first pass
drilling on the new Titan discovery, and are another successful demonstration
of our methodical data-based exploration strategy, including our step by step
approach of a regional soil program, ground geophysical surveys, GT probing,
trenching, geological mapping and other activities. The process led us to
directly target this unique magnetite rich mineralization, and again
demonstrate that the White Gold District is very prospective ground for various
styles of gold mineralization. Follow up activity on the property will be very
interesting as we have already identified multiple additional targets within
400 meters of the Titan discovery.”
African Gold Group, Inc. (TSXV:AGG) has encountered further high-grade intersections at
the Kobada Gold Project. Danny Callow, COO of AGG, explained:
“As
we start to move into the central part of the shear zone, we are seeing
higher-grade results than expected. We are extremely excited with these
exceptional results and with the current rate of drilling exceeding expectations,
we are expecting a large number of equally favourable results to come in over
the next few weeks.”
Aben Resources Ltd. (TSXV:ABN) has reported final results for seven drill holes
(FK19-64 to 70) at the Forrest Kerr Gold Project in the Golden Triangle region
of British Columbia. Highlights of the drill program indicated in the press
release include:
●
9622
meters (“m”) in 25 holes, 214 soil samples, 128 rock samples and 173 line-km’s
of magnetic geophysical survey completed during 2019
●
High-grade
gold mineralization reported in numerous holes at North Boundary Zone within a broad
mineralization & alteration halo
●
500m-long
gold-mineralized corridor delineated at South Boundary Zone, open in all
directions
●
Drilling
at South Boundary encountered sediment-hosted rift-related VMS style
mineralization within rocks analogous to the Eskay Creek precious metal
deposit, located 30 km to the southeast of Forrest Kerr
●
100%
earn-in completed, with overall project area now encompassing over 23,000
hectares
●
Numerous
high-priority drill targets remain untested
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