#ExploringMining #Podcast – #Mining
#Stocks News from (NYSE: $SILV) (TSX: $SIL.TO) (NYSE: $GOLD) (TSX: $TGZ.TO)
(TSXV: $LITH.V) (TSXV: $SMN.V)
Point Roberts WA, Delta
BC, March 5, 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,
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SilverCrest Metals Inc. (TSX: SIL.TO; NYSE American: SILV) has announced metallurgical test results with
increased precious metal recoveries and enhanced process design changes for the
ongoing Feasibility Study (FS) at the Las Chispas Property in Sonora, Mexico.
Results following nine months of metallurgical test work on all veins shows “an
increase of recoveries to 96.1% gold ("Au") and 93.9% silver
("Ag"), or 95.0% silver equivalent ("AgEq"); based on a
ratio of 75 (Ag): 1(Au), with average metallurgical recoveries of 95% Au and
90% Ag. SilverCrest COO Pierre Beaudoin, commented:
"We
are pleased that the 95% AgEq precious metal recoveries reported in our
comprehensive test work has allowed us to address one of the optimization
opportunities outlined in the PEA [Preliminary Economic Assessment]. This
effort has contributed to the further de-risking of the conceptual operational
profile of Las Chispas. The metallurgical samples represented over 1.4 tonnes
of mineralized material from surface to depth with applied knowledge on
geo-metallurgy with respect to low to high grades, structural domains,
geochemistry and oxide to sulfide mineralization. With these results and design
in-hand, we have initiated the Basic Engineering for the process plant. Details
of this metallurgical work and process design will be included in the FS now
anticipated in the summer of 2020."
At press time, SilverCrest stock is up about 1.3
percent.
Barrick Gold Corporation (NYSE:GOLD) has completed a transaction with Teranga Gold
Corporation (TSX:TGZ), wherein the former’s Massawa gold
project in Senegal was combined with the latter’s Sabodala gold mine. Barrick
and its Senegalese partner, which held a 90 percent interest in the Massawa
project, “will receive an up-front payment valued at $380 million at the time
of announcement,” and “a contingent payment of up to $50 million which is based
upon the average gold price for the three-year period immediately following
closing.” Mark Bristow, Barrick’s President and CEO, explained:
“Teranga
is best placed to achieve this as it already owns the nearby Sabodala mine and
Sabodala’s combination with Massawa is expected to deliver significant
synergies. Barrick will participate in the upside of the combined asset through
the 11% interest it is acquiring in Teranga through this transaction.”
Stock for Teranga is up some 7.8 percent at press time.
Lithium Chile Inc. (TSXV:LITH) has announced the acquisition of prospective gold, silver and
copper properties from Kairos Metals Corp. According to the press release, “the
Company's extensive lithium property portfolio continues to be management's key
focus, the addition of the gold, silver and copper properties allows management
of the Company to expand its options which may include entering into
partnerships on some of the mineral properties.” Steve Cochrane, President and
CEO of Lithium Chile, said:
"I
believe that this transaction will be very beneficial to the shareholders of
Lithium Chile. The current strength in the gold price has reignited interest in
quality gold exploration properties which Lithium Chile now has access to.
Chile hosts some of the better gold exploration opportunities and we are
pleased to have added these quality gold prospects to our portfolio."
Lithium Chile stock is up about 2.7 percent at press
time.
San Marco Resources Inc. (TSXV:SMN) has received a five-year, area-based exploration
permit for its 100 percent optioned Buck gold/silver/zinc project, allowing it
to execute substantial drilling and testing on the property. The Phase I
drilling program, which is fully funded, will “consist of approximately 2,000
metres of HQ drill core, most of which is in areas where known gold/silver/zinc
mineralization is open in all directions.”
San Marco stock is up about 6.7 percent at press time.
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