#ExploringMining #Podcast
- News from #Mining #Stocks (CSE: $MIS.C) (TSXV: $OPHR.V) (TSXV: $THX.V)
(NYSEAmerican: $GROY) (NYSE: $EXK)
August 31, 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.
Listen to the
podcast:
https://www.investorideas.com/Audio/Podcasts/2023/083123-Mining.mp3
Read this in full
at https://www.investorideas.com/news/2023/exploring-mining/08311MIS-OPHR-THX-GROY-EXK.asp
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Yesterday saw the price of
gold rise from around $1,942 USD, where it had remained for most of the week,
to as high as about $1,976, where it has more or less stayed into today.
According to writer Naeem Aslam – writing for Nasdaq – this coincided with the
much-anticipated release of data regarding U.S. consumer confidence, which
“signaled a potential slowdown in consumer spending, and may have given gold “a
temporary surge as investors sought a safe haven for their funds.” Aslam also
cites the similarly disappointing results of the U.S. JOLTS job opening number
– also released yesterday – which likewise may have “spooked the markets.”
Mistango River Resources
Inc. (CSE:MIS) has received its drill permit and is positioned to
start its 4,000 meter drill program at its Goldie Project, 50 kilometers west
of Thunder Bay, Ontario, Canada. The company is fully funded, has obtained all
the necessary permits, and aims to drill across 7 to 12 drill collar locations
adjacent to Delta Resources' recent Delta-1 Gold discovery.
Ophir Gold Corp. (TSXV:OPHR) has restarted exploration activities at the Radis
lithium project, following the lifting of the fire ban and improved conditions
in the Western half of the Eeyou Istchee, James Bay region of Quebec, Canada.
According to the press release, the company’s crews “will focus on the detailed
mapping of the identified showings, locating possible extensions along strike
and prospecting areas yet to be fully assessed, including the 300 ft x 70 ft
potential spodumene zone identified from historical data compilation.”
Thor Explorations Ltd. (TSXV:THX) has reported drill-intersections of significant
gold mineralisation from the Makosa gold deposit and the Sambara prospect at
its Douta Gold Project in Senegal. Segun Lawson, the company’s President &
CEO, said:
“The
main purpose of the drilling has been to advance the project towards
development by upgrading more of the resource to indicated classification and
also to commence detailed metallurgical test work that is focussed on achieving
the most suitable and efficient ore treatment and extraction process.”
Gold Royalty Corp. (NYSEAmerican:GROY) has completed the indirect acquisition of a one
percent net smelter return (NSR) royalty on portions of the Cozamin
Copper-Silver Mine, in Zacatecas, Mexico, from Endeavour Silver Corp. (NYSE:EXK) for $7.5 million USD in cash
consideration. According to the press release, Cozamin is a producing mine
operated by Capstone Copper Corp.
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