#ExploringMining #Podcast Episode 94 –
#Mining #Stocks News from (NYSE: $NEM) (NYSE: $IAG) (TSXV: $RDG.V) (TSXV: $AAX.V)
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Newmont Corporation (NYSE:NEM) has announced that the definitive agreement reached
on April 22, 2020 between the Peñasquito mine and the San Juan de Cedros
community has been ratified by the Cedros General Assembly. Newmont’s President
and CEO, Tom Palmer, explained:
"Through
the comprehensive application of Newmont’s sustainability practices at
Peñasquito, we achieved a significant milestone with the formal ratification of
the agreement that was reached earlier this year with the Cedros community.
Together, with the water plan signed last year, we are pleased to bring months
of negotiation with the Cedros community to a close and look forward to
sustainably operating in this region for decades to come. It is only through
patient and transparent community engagement, combined with strong government
support, that we have been able to reach a lasting solution that is beneficial
to all stakeholders."
IAMGOLD Corporation (NYSE:IAG) has announced remaining assay results from the
completion of its 2020 exploration diamond drilling program on the Lac Gamble
Zone at the Rouyn Gold Project in Quebec, Canada. Craig MacDougall, Senior Vice
President, Exploration for IAMGOLD, said:
"Despite
the infill drilling program being interrupted as a result of a suspension of
activities due to the COVID-19 crisis, a significant part of the program was
successfully completed and I commend the efforts of the exploration team who
adapted to these unique circumstances. With the results from the program now in
hand, we are working to update our deposit model to support a future initial
resource estimate for the Lac Gamble zone. Drilling has also resumed at Astoria
to assess the resource potential of this area."
Ridgeline Minerals Corp. (TSXV:RDG) has received final approval for its proposed
drilling and exploration permit comprising 15 drill sites at the Swift Project
in Lander County, Nevada. According to the press release, the company’s 2,000
metre Phase I drill program is scheduled to begin in early September.
Ridgeline's President & CEO, Chad Peters, said:
“For years Swift
was a historically underappreciated project in the middle of the Battle
Mountain - Eureka Trend, a prolific mining district and host to some of the
largest Nevada gold discoveries in recent history including the Fourmile and
Goldrush deposits. In 1999, a drill hole at Swift intersected 16.8m @ 0.72 g/t
gold ("Au"), 0.50 g/t silver ("Ag") in Lower Plate
carbonate host rocks and never received follow-up drilling. Twenty-one years
later, our team is excited to go back and test this highly prospective target
with our Phase I drill program"
Advance Gold Corp. (TSXV:AAX) has provided an update on its current drilling at
the Tabasquena silver mine in Zacatecas, Mexico. Allan Barry Laboucan,
President and CEO of Advance Gold Corp. commented:
"We are at
an exciting juncture for the exploration of the Tabasquena project. Past
geophysical work has identified a big geophysical anomaly, approximately 3500
metres horizontal, and at the point where it dips vertically, there is another
500 metres and the anomaly remains open. So far four holes have tested the
anomaly and hit stacked layers of disseminated sulphides. This is typical of volcanogenic
massive sulphide deposits (VMS) and we are now looking for the plumbing system
for a VMS with drill hole AGT-16 currently underway. Additionally, to help us
get a better 3D image of the northern end of the anomaly, we are adding a new
IP geophysical grid. Based on the drilling and geophysics, the north end of the
anomaly with the hinge and then vertical dip is the most likely source of the
sulphides."
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