Exploring Mining Podcast 260 - News from (NYSE: $RIO) (NYSE: $HBM)
(TSXV: $GPG.V) (TSXV: $BLUE.V) (TSXV: $WIN.V)
Vancouver, Kelowna, Delta, BC, March 29,
2022 - 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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Rio Tinto Group (NYSE:RIO) has announced that it has completed the
acquisition of the Rincon lithium project in Argentina for $825 million, after
having been approved by Australia’s Foreign Investment Review Board (FIRB).
According to the press release, “Rincon is a large undeveloped lithium brine
project located in the heart of the lithium triangle in the Salta Province of
Argentina.” Rio Tinto’s CEO, Jakob Stausholm, said:
"Rincon
strengthens our battery materials business and positions Rio Tinto to meet the
double-digit growth in demand for lithium over the next decade, at a time when
supply is constrained. We will be working with local communities, the Province
of Salta and the Government of Argentina as we develop this project to the
highest ESG standards."
Hudbay Minerals
Inc. (NYSE:HBM) has released its annual mineral reserve and
resource update. The company’s President and CEO, Peter Kukielski, explained:
“We
have continued to grow our copper and gold mineral reserves and resources
through successful exploration in Peru, Snow Lake and Arizona. While we already
have a solid production growth profile for many years to come, our exploration
efforts over the past year have been successful in replacing what we have
mined, adding reserves to our life of mine plans and expanding our resource
base to position us for additional long-term reserves growth. This is another
example of our proven track record of delivering value through exploration, and
we look forward to continuing to advance our leading organic pipeline of copper
exploration and development assets for the next stage of growth at Hudbay.”
Grand Portage
Resources Ltd. (TSXV:GPG) has reported the remaining drill results from its
summer/fall 2021 drill program at its 100 percent-controlled Herbert gold
project in SE Alaska. Highlights include the drilling of 2.13 metres at 15.42
grams per tonne gold in hole 21Q-4 in the Sleeping Giant Vein, 0.92 metres at
20.9 grams per tonne gold in hole 21Q-4 on the Main Vein, and 1.07 metres at
85.74 grams per tonne gold in hole 21Q-6. The company’s President and CEO, Ian
Klassen, said:
"These
results have continued to expand our high-grade zones in the Goat, Main and
Deep Trench veins into previously undrilled areas. Additionally, infill
drilling shows potential for the Sleeping Giant to expand to the west as well
as to depth, and for the higher-grade zones within the Main Vein to expand to
the west. We look forward to increasing these zones during our upcoming, fully
funded 2022 drill season."
Blue Thunder Mining
Inc. (TSXV:BLUE) has partnered with Windfall Geotek Inc. (TSXV:WIN) to assess its Muus Property in
Quebec, Canada using the latter’s AI Mineral Exploration Targeting services.
Jean François Métail, President of Blue Thunder Mining, commented:
"We
are highly encouraged that several targets highlighted by Windfall-Geotek
coincide with the areas recently identified in our exploration program. This
reinforces our confidence in the next round of exploration, in addition to
providing new prospective areas. Given the extensive land package we have, it
is of primary importance for us to concentrate on the areas of highest
potential."
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