#ExploringMining #Podcast
295 - News from (NYSE: $RIO) (NYSE: $TRQ) (NYSE: $AG) (TSXV: $KLD.V) (TSXV: $SMN.V)
Vancouver, Kelowna, Delta, BC, August 24,
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:
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Rio Tinto Group (NYSE:RIO) has submitted an improved non-binding proposal to
the Board of Turquoise Hill Resources Ltd. (NYSE:TRQ) to acquire the roughly 49 percent of
the issued and outstanding shares of the latter that Rio Tinto does not
currently own. Jakob Stausholm, Rio Tinto’s CEO, said:
"Rio
Tinto believes this offer not only provides full and fair value for Turquoise
Hill shareholders, but is in the best interests of all stakeholders as we work
to move the Oyu Tolgoi project forward. We will continue to take a disciplined
approach to capital allocation and strongly encourage the Board of Turquoise
Hill to engage constructively, and to support and recommend in favour of Rio
Tinto’s Improved Proposal."
First Majestic Silver
Corp. (NYSE:AG) has announced positive drill results from its
ongoing exploration program at the Jerritt Canyon Gold Mine in Elko County,
Nevada. Keith Neumeyer, the company’s President and CEO, said:
"Today's
exploration results continue to validate our thesis that the area between the
operating SSX and Smith mines is favourable for new, near-mine gold
discoveries. Hole-1102 intersected what looks like a new high-grade area on the
north side of the SSX/Smith connection drift. Nine follow up drill holes are
being planned to further define this potential new zone.”
Kenorland Minerals Ltd. (TSXV:KLD) has started exploration activities and
announced the 2022 exploration budget at
the Tanacross Project in eastern Alaska, USA. According to the press release,
the total approved budget for the 2022 summer exploration program is $2 million
USD. CEO Zach Flood commented:
"We
are very excited to be back in Alaska, with Antofagasta, advancing the
Tanacross Project towards discovery. This comprehensive exploration program
will create a strong foundation for future drill targeting. We believe there's
incredible potential in this fertile and target rich environment."
Sun Summit Minerals Corp.
(TSXV:SMN) has received a property-wide exploration permit
for its 33,000 hectare Buck Project, in central British Columbia, Canada, where
it also has an option to earn a 100 percent interest. According to the press
release, the permit “allows for up to 217 drill sites, up to 40 line-kilometres
of geophysical surveys, up to 250 trenching sites, as well as construction and
modification of exploration access trails.” The company plans to commence
drilling in September at the Buck Main zone, where it will “focus on expanding
near-surface zones of strong gold-silver-zinc mineralization.”
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