#ExploringMining #Podcast
316 - News from (NYSE: $IAG) (TSXV: $THX.V) (TSXV: $UUSA.V) (TSXV: $EFF.V)
Vancouver, Kelowna, Delta, BC, December
20, 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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IAMGOLD Corporation (NYSE:IAG) has entered into definitive agreements with
Managem Group to sell its interests in its exploration and development projects
in Senegal, Mali and Guinea – collectively called the "Bambouk assets” –
for aggregate consideration of approximately $282 million. Maryse Bélanger,
IAMGOLD’s Interim President and CEO, said:
"The
sale of our Bambouk assets to Managem is the culmination of a comprehensive
strategic review and sale process. We are pleased that ownership of the Bambouk
assets will be assumed by Managem, which has decades of mining development and
operating experience in Africa and intends to advance these assets responsibly,
for the benefit of all stakeholders. IAMGOLD and Managem will work closely
towards a smooth transition of ownership.”
Thor Explorations Ltd. (TSXV:THX) has reported drill-intersections of significant
gold mineralisation from the Makosa gold deposit at its Douta Gold Project in Senegal. The Makosa gold deposit,
according to the press release, “currently comprises an Inferred Resource of 730,000
ounces of gold, grading at 1.53 grams per ton, as announced in its maiden
Mineral Resource Estimate published on 18 November 2021.” Segun Lawson, the
company’s President and CEO, said:
“These
results are impressive and highly encouraging in the context of the Douta
Project and conclude a highly successful drilling season on a celebratory note.
The wide zones of near-surface oxide mineralisation combined with solid
higher-grade zones at depth provide the encouragement and impetus to propel the
next phase of advancing this very exciting project in the New Year. In the
coming year our we plan to maintain focus both on resource growth and project
development in Senegal to meet our objective of bringing the Company's second
gold mine into production."
Kraken Energy Corp. (TSXV:UUSA) has announced that it has added a second drill rig
at Garfield Hills Uranium Property in Nevada, and will be expanding its
inaugural drill program after receiving positive initial drilling results. The
company’s CEO, Matthew Schwab, said:
"We
are highly encouraged by these initial drilling results from Garfield Hills
which confirm the presence of uranium mineralization as previously reported.
The expanded vertical thicknesses of up to 32.0 m, the mineralized horizon
shows greater potential than originally thought for the project and provides
firm reasoning to expand and accelerate our ongoing program."
1844 Resources Inc. (TSXV:EFF) has completed the 2022 work program on the Native
Copper project. This program consisted of targeted prospecting, trenching and
spot sampling, driven by the results of a high-resolution magnetic survey and
2D historical data. According to the press release, the program demonstrated
the presence of copper mineralization in five sectors known as Vondenbleau,
Power, Ruisseau Cantin, Fer-à-Cheval and Triangle d'Argent.
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