#ExploringMining #Podcast 325 - News from (NYSE: $AGI) (NYSE: $IAG)
(CSE: $WDGY.C) (CSE: $ARQ.C)
Vancouver, Kelowna, Delta, BC, February
2, 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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https://www.investorideas.com/Audio/Podcasts/2023/020223-Mining.mp3
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Alamos Gold Inc. (NYSE:AGI) has reported new results from ongoing surface
exploration drilling at Puerto Del Aire (PDA), further extending high-grade
gold mineralization outside of Mineral Reserves and Resources. John A.
McCluskey, the company’s President and CEO, explained:
“Given
PDA’s higher grades and proximity to the Mulatos pit, we see excellent
potential for this to be another low-cost, high-return project further
extending the mine life at Mulatos. Over the past 18 years, Mulatos has
produced 2.5 million ounces of gold while maintaining a similar Reserve life
today as it had in 2005. Given our ongoing exploration success at PDA, and the
potential within the District, we expect this trend to continue.”
IAMGOLD Corporation
(NYSE:IAG) has announced additional assay results from its
ongoing diamond drilling program at the Gosselin zone discovery, near the Côté
Gold deposit in Ontario, Canada. Côté Gold itself, according to the press
release, is currently under construction and is expected to commence production
in early 2024. Craig MacDougall, the company’s EVP of Growth, said:
"We
are very pleased to see that the results from the 2022 drilling program support
the anticipated expansion potential at Gosselin, specifically south of and
below the interpreted resource boundaries of the deposit model. Future drilling
programs at Gosselin will continue to target the extensions of the deposit
towards the goal of defining further potential resource expansion and resource
classification upgrades.”
Wedgemount
Resources Corp. (CSE:WDGY) has commenced its phase-one field program on its
recently acquired Willowbend light oil project located in the Permian Basin of
central Texas. According to the press release, the program will consist of
“chemical clean-outs of both operating wells and the producing Gardner
formation, optimization of surface facilities, and a study of historic bypassed
pay zones.” The company’s President and CEO, Mark Vanry, said:
"We're
delighted to commence the Company's first ever field program in the Permian
Basin. Chemical cleanouts followed by well workovers and new zone perforations
are a key part of our initial plan to grow production from the underexploited
and underdeveloped Gardner formation. Petrosaurus' proprietary oil well
chemical treatments are a key component of Wedgemount's strategy of acquiring
and optimizing under-performing conventional light oil assets in central
Texas."
Argo Gold Inc. (CSE:ARQ) has announced that it is going to focus on
near-term oil production opportunities and not acquire the long lead-time
Clearwater acreage, and will not close the purchase and sale agreement to
acquire 7,600 contiguous hectares of Clearwater oil land in the Nipisi area of Alberta,
Canada for $725,000. The press release also indicates that the company “has
entered into a second participation agreement with Croverro Energy to
participate in a second horizontal Sparky oil well proximal to Lloydminster,
Alberta,” and that it will “pay the operator 25 percent of the cost to drill,
complete, and fully equip or abandon the well to earn an 18.75 percent working
interest in the well.”
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