#ExploringMining #Podcast Episode 112 – #Mining #Stocks News from (NYSE: $FSM) (TSXV: $WGO.V) (TSXV: $KDK.V) (TSX: $LN.TO)
Point Roberts WA, Delta BC, October 22, 2020 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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Fortuna Silver Mines Inc. (NYSE:FSM) has reported the first gold pour from its Lindero
Mine in Argentina’s Salta province, which went on to produce 728 ounces of
gold. The company’s CEO, Director, and President, Jorge A. Ganoza, commented:
“The
first gold pour at Lindero, our third mine in the Americas, is a significant
achievement for the Company as we advance the mine’s ramp-up phase towards
commercial production in the first quarter of 2021. Lindero is a mine with
reserves for a projected life of thirteen years and is a pillar in Fortuna’s
asset portfolio.” Mr. Ganoza continued, “I want to take this opportunity to
commend our Salta based team’s commitment and hard work in achieving this
milestone, especially in the context where COVID-19 related restrictions
continue to pose multiple limitations.”
White Gold Corp. (TSXV:WGO) has identified additional gold mineralization at
multiple targets on its JP Ross property following positive trench, GT probe
and soil sample results. Highlights include the trenching of 29 trenches,
totalling 1,114 linear metres, one of which encountered a high-grade zone
grading 8.88 g/t Au over 2.5m. White Gold CEO David D’Onofrio said:
“We
are pleased to have encountered additional gold mineralization across multiple
recently identified zones as well as the high-grade gold mineralization on the
newly discovered Notorious target, providing further indication that the
abundant gold mineralization is part of a robust regional scale structurally
controlled system. To date at least 14 gold targets have been identified on the
JP Ross property across a 14km by 11km area, many within close proximity to
significant current and historical placer gold operations.”
Kodiak Copper Corp. (TSXV:KDK) has reported additional drill results from its 100
percent-owned MPD copper-gold porphyry project in southern British Columbia,
Canada. This includes a large zoned and significantly enriched copper-gold
envelope at the property’s Gate Zone, which according to the press release is
typical of porphyry hosted mineralization. Claudia Tornquist, President and CEO
of Kodiak, said:
"We
are pleased to report complete assays for two holes of this year's drill
program at the Gate Zone. We previously reported the discovery of a high-grade
copper-gold zone central to MPD-20-004 having 1.16% copper equivalent over 282
metres. This is one of the most impressive copper gold intercepts reported from
a porphyry project in southern B.C.”
Loncor Resources Inc. (TSX:LN) has begun drilling on its 84.68 percent-owned Imbo
Project in the eastern part of the Ngayu greenstone belt in the Democratic
Republic of the Congo. The project boasts 2.5 million ounces, composed of the
Adumbi, Kitenge and Manzako deposits with inferred mineral resources of 30.65
million tonnes grading 2.54 g/t Au. Loncor’s CEO Arnold Kondrat commented:
“Through
this focussed drill program we are targeting a significant increase of
resources at the Adumbi deposit, both within and below the open pit. If we
achieve our expectations, the next step will be a Preliminary Economic
Assessment to illustrate the positive economic potential that we believe is
contained within Adumbi and the neighbouring deposits.”
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