#ExploringMining #Podcast
302 - News from (NYSE: $RIO) (NYSEAmerican: $GROY) (TSXV: $KNC.V) (CSE: $NBRK.C)
Vancouver, Kelowna, Delta, BC, September
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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podcast:
https://www.investorideas.com/Audio/Podcasts/2022/092922-Mining.mp3
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at https://www.investorideas.com/news/2022/exploring-mining/09291RIO-GROY-KNC-NBRK.asp
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Rio Tinto Group (NYSE:RIO) has approved a $55 million USD investment in
development capital to start underground mining and expand production at its
Kennecott copper operations in the US state of Utah. The company’s Chief Executive
of Copper, Bold Baatar, explained:
"This
investment will allow us to quickly bring additional volumes of high quality
copper to the market and build our knowledge and capabilities as we evaluate
larger scale underground mining at Kennecott. We are progressing a range of
options for a significant resource that is yet to be developed at Kennecott,
which could extend our supply of copper and other critical materials needed for
electric vehicles and renewable power technologies.”
Gold Royalty Corp. (NYSEAmerican:GROY) has announced the completion of its acquisition of
a royalty portfolio from Nevada Gold Mines LLC. The royalty portfolio,
according to the press release, comprises: a 10 percent net profits interest
royalty on the producing Granite Creek Mine, a 2 percent net smelter return
royalty on the Bald Mountain Mine, and a 1.25 percent NSR on the Bald Mountain
Joint Venture Zone.
K9 Gold Corp. (TSXV:KNC) has completed its 2022 diamond drill program at
the Jumper's Pond zone on its Stony Lake project in central Newfoundland,
Canada. The program comprised eight diamond drill holes totaling 2919 metres,
from which 3D modeling of the gold concentrations are planned. The company’s
CEO, Jeff Poloni, said:
"The
recent drilling program successfully extended the mineralized structures
intersected in the previous drilling programs. We continue to add to our
understanding of the structural orientation and characterization of the
mineralization. The Jumpers Pond Zone is one of numerous structural inflection
points interpreted from our geophysical surveys over our expansive property and
this year's exploration will help in additional discoveries."
New Break Resources Ltd. (CSE:NBRK) has reported the results of grab and channel
sampling programs conducted from June to August 2022, at its 100 percent owned
Moray property located south of Timmins, Ontario, Canada. According to the
press release, the
highest-grade grab sample was 70.60 grams per tonne gold, and five samples from
the program yielded assays higher than 21.8 g/t Au.
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