#ExploringMining #Podcast
Episode 188 – #Mining #Stocks News from (NYSE: $RIO) (NYSE: $GOLD) (TSXV: $SSV.V)
(TSXV: $CCCM.V)
Point Roberts WA, Delta BC, July 27, 2021 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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podcast:
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at https://www.investorideas.com/news/2021/exploring-mining/07271RIO-GOLD-SSV-CCCM.asp
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Rio Tinto Group (NYSE:RIO) has committed $2.4 billion to the Jadar
lithium-borates project in Serbia, which according to the press release, is
“one of the world’s largest greenfield lithium projects.” The company’s Chief
Executive, Jakob Stausholm, commented:
"We
have great confidence in the Jadar project and are ready to invest, subject to
approvals. Serbia and Rio Tinto will be well-positioned to capture the
opportunity offered by rising demand for lithium, driven by the global energy
transition and the project will strengthen our offering, particularly to the
European market. It could supply enough lithium to power over one million
electric vehicles per year.
The
Jadar deposit and its unique mineral, Jadarite, discovered by Rio Tinto
geologists in 2004 contains high-grade mineralisation of boron and lithium,
supporting a long-life operation in the first quartile of the cost curve for
both products."
Barrick Gold Corporation (NYSE:GOLD) has been awarded four exploration licenses for
exploration of gold and associated minerals in the highly prospective Eastern
Desert region of Egypt. According to the press release, “the Eastern Desert is
part of the Proterozoic Arabian Nubian Shield, which hosts the giant Sukari
deposit and numerous other gold occurrences, but which has seen no recent
systematic exploration.” Barrick’s SVP of exploration, Joel Holliday, said:
“The
move into Egypt is an integral part of Barrick’s exploration strategy. Barrick
is a global company and we evaluate opportunities anywhere we see the potential
for world-class deposits capable of passing our investment filters. We believe
that it is essential to move into prospective emerging and underexplored
mineral belts to maintain the discovery rate as part of a balanced development
strategy.”
Southern Silver Exploration Corp. (TSXV:SSV) has received technical approvals for a six-hole
diamond drilling program to test several copper porphyry and skarn targets at
its wholly owned Oro property, in southwestern New Mexico, USA. Full approval,
however, is currently pending the posting of bonds, from the New Mexico Mining
and Minerals Division, the New Mexico State Land Office, and the Bureau of Land
Management.
C3 Metals Inc. (TSXV:CCCM) has reported assays from an additional three holes
from its ongoing drilling program of the Jasperoide Copper-Gold Project, Peru.
Highlights indicate that hole JAS2700-03 reported 118.71m @ 1.15% Cu and 0.37
g/t Au from 87.3m, hole JAS2700-02 reported 99.81m @ 0.90% Cu and 0.34 g/t Au,
and hole JAS2700-01 reported 102.0m @ 0.61% Cu and 0.23 g/t Au from 79.0m.
Kevin Tomlinson, CEO of C3 Metals commented:
"The
high-grade results received from the first 10 holes of the 2021 drilling
campaign have exceeded our predictions and provide strong evidence that a
sizable copper-gold system is present at the Montaña de Cobre Zone. We are now
drilling our 22nd hole on the zone with assays awaited on 12 holes.”
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