#ExploringMining #Podcast
256 - News from (NYSE: $RIO) (NYSE: $TRQ) (TSXV: $AUAU.V) (NYSE: $KGC) (TSXV: $SBMI.V)
(CSE: $NSG.C)
Vancouver, Kelowna, Delta, BC, March 15,
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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podcast:
https://www.investorideas.com/Audio/Podcasts/2022/031522-Mining.mp3
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at https://www.investorideas.com/news/2022/exploring-mining/03151RIO-AUAU-KGC-SBMI-NSG.asp
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Rio Tinto Group (NYSE:RIO) has made a non-binding proposal to the Board of
Turquoise Hill Resources Ltd. (NYSE:TRQ) for the acquisition of approximately
49 percent “of the issued and outstanding shares of Turquoise Hill that Rio
Tinto does not currently own.” Jakob Stausholm, Rio Tinto’s CEO, explained:
"The
Proposed Transaction would enable Rio Tinto to work directly with the
Government of Mongolia to move the Oyu Tolgoi project forward with a simpler
and more efficient ownership and governance structure. With our relationship
reset and the underground operations commenced, this transaction demonstrates
our clear and unequivocal long-term commitment to Mongolia."
Allegiant Gold Ltd. (TSXV:AUAU) has received a $4,014,404 financing and strategic
investment from Kinross Gold Corporation (NYSE:KGC) to “accelerate the exploration and
development activities at the Eastside property in Nevada.” Following this
investment, Kinross owned 9.9 percent of the then issued shares of Allegiant.
Peter Gianulis, CEO of Allegiant Gold, said:
“We
are very excited to have Kinross as a strategic partner, given their experience
and prominent presence in Nevada, and the relative close proximity of their
flagship Round Mountain Mine, which shares many similar geological
characteristics to Eastside. Allegiant and Kinross have developed an excellent
rapport over the years, and we look forward to a productive and collaborative
working relationship with them.”
Silver Bullet Mines Corp.
(TSXV:SBMI) has announced that its board has decided to start
mining at the Washington Mine. According to the press release, the company
intends to “widen the existing adit, make the area safe for work, proceed to
the historical workings and extract mineralized material.” A. John Carter,
SBMI's CEO, said:
"These
are very exciting times for Silver Bullet Mines as we rapidly approach
commencement of mining operations at the Buckeye Mine in Arizona and move
simultaneously to mining in Idaho. Revenue generated from both mines can fund
exploration programs to attack the past-producing McMorris Mine, increase
production capacity at our 100%-owned modular mill, and explore the potential
for a copper porphyry at our Black Diamond Property."
Northstar Gold Corp. (CSE:NSG) has shared results from the Phase IIB drilling
exploration program on its 100 percent-owned Miller Gold Property, near
Kirkland Lake in Ontario, Canada. The company drilled a total of 2,495 metres
in 14 holes, with highlights including 4.0 g/t Au over 50.6 metres and 2.3 g/t
Au over 8.0 meters in hole MG21-70. The company’s President and CEO, Brian
Fowler, said:
"2021
was a very busy and productive exploration year at Miller. Surface stripping
identified 2 new gold discoveries adjacent and outboard of the Allied Syenite
Gold Zone, extending the Zone 130m to the east and southeast. Recent drill
results extended the Zone a further 180m north of 2021 drill hole MG21-56 that
averaged 6.6 g/t gold over 117 metres and a further 30m south of drill hole
MG20-47 that averaged 1.2 g/t Au over 107.3 metres.”
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