#ExploringMining #Podcast
- News from #Mining #Stocks (CSE: $GTCH.C) (OTCQB: $GGLDF) (NYSE: $RIO) (NYSE:
$GOLD) (TSXV: $JG.V)
Vancouver, Kelowna, Delta, BC, August 9,
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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Getchell Gold Corp. (CSE:GTCH) (OTCQB:GGLDF) has received authorization from the US Bureau of
Land Management to construct an additional 12 drill pads as part of its planned
2023 drill program to expand the Mineral Resource at the Fondaway Canyon gold
project. The Fondaway Canyon gold project boasts a large, at and near surface
Mineral Resource Estimate reporting an Inferred Mineral Resource of 38.3
million tonnes at an average grade of 1.23 g/t Au for 1,509,100 ounces of gold.
Mike Sieb, the President and Director of the company, said:
"Having
released a continuous series of exceptional drill results in batches over the
last three years, it is important to step back and weigh the potential of the
Fondaway Canyon project as a whole. What becomes immediately obvious is the
strong and prevalent gold mineralization encountered in the most peripheral
drill holes, signifying a robust mineralization system that has yet to be truly
tested. This causes us to seriously wonder how big it can be, and the
authorization for an additional 12 drill pads will enable us to conduct
step-out drilling and start to answer that question."
Rio Tinto Group (NYSE:RIO) has signed a multi-year supply agreement with
industrial startup H2 Green Steel for high grade direct reduction iron ore
pellets from Rio Tinto’s Iron Ore Company of Canada (IOC) operations. According
to the press release, Rio Tinto “will also purchase and on-sell a part of the
surplus low carbon hot briquetted iron (HBI) produced by H2 Green Steel during
the ramp-up of its steelmaking capacity.” Simon Farry, Rio Tinto’s Head of
Steel Decarbonisation, explained:
"We
are partnering across the steel ecosystem to find better ways to support the
decarbonisation of iron and steel making, and to reduce our scope 3 emissions.
Our supply of high-grade iron ore pellets will support the acceleration of H2
Green Steel’s project, and on-selling their low-carbon HBI will enable us to
gain a deeper understanding of the future needs of our customers and end users
in the emerging green iron and steel market."
Barrick Gold Corporation (NYSE:GOLD) has announced that it is on target to meet its
gold and copper production guidance for 2023. The company’s CEO, Mark Bristow,
indicated that improved production performances from the Carlin complex in
Nevada, the Kibali gold mine in the Democratic Republic of Congo and the
Lumwana copper mine in Zambia have positioned Barrick’s second half to
outperform its first this year. Bristow explained:
“Our
asset base is the best in the business and it gives us a platform from which we
can clearly see and plan for the future, managing the challenges and maximizing
the opportunities. At the halfway mark of this year, we’ve again advanced
significantly towards our goal of building the world’s most valued gold and
copper mining company, and we have the strategy, the means and the motivation
to achieve that.”
Japan Gold Corp. (TSXV:JG) has announced that the Japanese Ministry of
Economy, Trade and Industry has accepted 22 of its new prospecting rights
applications comprising the North Taio Project. The Project comprises 7,009
hectares of prospective ground located immediately along strike of the Taio
Mine, which is Middle Kyushu's largest gold deposit. The Middle Kyushu
Epithermal Gold Province, according to the press release, “hosts three significant
gold mines, the Taio, Bajo and the Hoshino group of mines, along with numerous
other smaller historical workings and mineral showings.”
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