#ExploringMining #Podcast
312 - News from (NYSE: $MT) (NYSE: $FSM) (NYSEAmerican: $PZG) (TSXV: $XPLR.V)
Vancouver, Kelowna, Delta, BC, December
6, 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/2022/120622-Mining.mp3
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ArcelorMittal (NYSE:MT) has acquired Riwald Recycling, described as “a
state-of-the-art ferrous scrap metal recycling business based in the
Netherlands.” Riwald operates two fully certified scrap metal yards in Almelo
and Beverwijk, the Netherlands – each with direct port access – and processed
over 330,000 tonnes of ferrous scrap metal in 2021. Geert Van Poelvoorde,
ArcelorMittal Europe CEO, commented:
“This
is the third metal recycling acquisition we have undertaken this year,
reinforcing the important role that scrap steel can play in our efforts to
decarbonise and meet our target to reduce the carbon intensity of the steel we
produce in Europe by 35 per cent by 2030. Although it is ultimately the various
low-carbon emissions steelmaking technologies which we are developing and
deploying which will take us to net zero, given the urgent need to make
progress this decade we are working hard to move forward on all fronts.”
Fortuna Silver Mines Inc.
(NYSE:FSM) has posted an update on its exploration program at
the Séguéla gold Project in Côte d’Ivoire. This, according to the press
release, includes an upgraded Mineral Resource estimate with an additional 41
diamond and reverse circulation drill holes totaling 14,520 meters to the
maiden Inferred Mineral Resource. Paul Weedon, Senior Vice President of
Exploration at Fortuna, said:
“Drilling
at Séguéla has continued to highlight the exploration potential of the project
including the definition of a maiden Indicated Mineral Resource and a
substantial increase in the Inferred Mineral Resource at the Sunbird Deposit.
Successful regional exploration work has identified two new prospects, at
Barana and Badior, and additional high-grade results from Kestrel.”
Paramount Gold Nevada
Corp. (NYSEAmerican:PZG) has received a permit from the US Forest Service
to drill its Bald Peak Project in Mineral County, Nevada. According to the
press release, Bald Peak comprises “a 4-mile-long prospective area with
significant gold mineralization identified in surface samples, promising
geophysical targets, and excellent geology within the Aurora-Borealis mining
district.” Glen Van Treek, the company’s President and COO, said:
“Our
team has been excited about this Nevada opportunity from the completion of the
initial due diligence. When considering the proximity to open pit gold mines
coupled with initial excellent mineralized surface samples and co-incident
geophysical anomalies on this property, which has never been drilled, all
indications point to the potential for an open pit deposit.”
Xplore Resources Corp. (TSXV:XPLR) has acquired, through staking, an additional seven
claims totaling 9,120 hectares in the Borborema Pegmatite Province (BPP) of
Brazil. The company’s President and CEO, Wes Hanson, commented:
“We
believe the Borborema district offers outstanding potential for lithium
discovery and our goal is to mobilize field teams to both the Borborema as well
as our Energia lithium property in Minas Gerais in 2023 to conduct
reconnaissance mapping and sampling on both properties."
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