#ExploringMining #Podcast
324 - News from (TSXV: $NIM.V) (CSE: $AFX.C) (TSXV: $PA.V) (TSXV: $GLD.V)
Vancouver, Kelowna, Delta, BC, January
30, 2023 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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Nicola Mining Inc. (TSXV:NIM) has announced that it is completing final
preparations to commence operations, specifically gold production, in Q1 of
2023. Moreover, the company expects to receive final results from its 2022 soil
sampling program at New Craigmont Property. Peter Espig, CEO of Nicola, said:
"We
are very excited to re-commence gold production and to utilize operational cash
flow towards funding exploration on New Craigmont, which we consider to be our
flagship asset. The 2023 Exploration Program will extend to known, but
never-before-drilled, locations on the Property that we can now explore since
having received the multi-year area-based exploration permit, Permit Number
MX-4-697, on November 3, 2022."
Arctic Fox Ventures Inc. (CSE:AFX) has entered into a Definitive Agreement with
Pipeline Capital Corp. to acquire 37 active mineral claims located in the James
Bay region of Quebec, Canada. Known as the Kana Lake Lithium project, it
comprises 2,100 hectares of land. Harry Chew, the company’s President and CEO,
said:
"I
am very pleased that we are able to close on the acquisition of what we view to
be a very prospective lithium property in the James Bay region of Quebec.”
Palamina Corp. (TSXV:PA) has completed its second field program in the Sol
de Oro Zone (SDO) at the Usicayos Gold Project in December 2022. Andrew Thomson,
the company’s President, explained:
"Palamina's
second sampling campaign in the SDO Zone was designed to test the continuity of
gold mineralization at surface across the 4 main gold zones. At SDO North
informal miners have excavated short adits into the hillside and dug out small
pits targeting two gently-dipping structures where channel samples have
returned assays values grading up to 5.1 g/t Au over 4.0 m at surface and 15.4
g/t Au over 2.7 m from the underground workings. On the opposite side of the
flower structure, at the SDO South zone, channel sampling returned a broader
zone of 3.4 g/t Au over 14.0 m at surface and 23.0 g/t Au over 0.7 m
underground. Further systematic underground sampling and mapping is planned in
the SDO North zone to further refine the geological model with a particular
focus on the structural controls prior to drilling.”
GoldON Resources Ltd. (TSXV:GLD) has commenced drilling at its 100 percent-owned
McDonough gold property near the town of Red Lake, Ontario, Canada. According
to the press release, the drill program “will initially consist of 8 holes
totaling 1,200 metres targeting coincident gold-in-soil with IP chargeability
anomalies and other Priority 1 stand-alone IP chargeability anomalies.” Mike
Romanik, President of GoldON, said:
"We've
taken a systematic exploration approach to the McDonough property and developed
prime drill targets. The setting is ideal for gold mineralization, and it's
time to find out what's hidden beneath the veneer of overburden."
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