#ExploringMining #Podcast – #Mining News
from (NYSE: $NEM) (TSX: $MIN.TO) (TSXV: $PDM.V) (TSXV: $BHT.V)
Point Roberts WA, Delta
BC, January 9, 2019 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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Newmont Corporation (NYSE:NEM)
is transferring mining leader Jim Cooper, General
Manager of Boddington in Australia, to lead the Peñasquito mine in Mexico. Tom
Palmer, Newmont’s President and CEO, commented:
"Under
Jim’s leadership, Boddington has delivered step-change improvements in safety,
mill throughput and recovery, mine plan sequencing and execution. Boddington’s
scale and processing characteristics are similar to Peñasquito’s, making Jim
uniquely qualified to replicate Boddington’s consistently strong performance at
Peñasquito in Mexico."
Excelsior Mining Corp. (TSX:MIN) has announced an update on operations at the
Gunnison Copper Project in southern Arizona. Among other things, the update
indicates that initial copper recovery grades are higher than the feasibility
study expectations. Stephen Twyerould, President and CEO, said:
"We
have the newest, most orderly, and technologically advanced in-situ recovery
wellfield on the planet, and to date, it is functioning better than
anticipated. We look forward to updating the market on our progress as we
complete the transition to producer status."
Palladium One Mining Inc. (TSXV:PDM) has entered into a binding Letter of Intent to
buy back an existing 2 percent Net Smelter Return royalty on the Haukiaho
deposit of the palladium dominant, LK project in Finland. Company President and
CEO Derrick Weyrauch explained:
"The
historic Haukiaho deposit is now royalty free. Buying back the existing royalty
on Haukiaho eliminates a dilutive overhang on the project while also providing
future optionality."
According to the press release:
The
terms of the royalty buyback include a cash payment of C$50,000 and issuance of
375,000 common shares of the Company on closing. The transaction is expected to
close this month, and is subject to definitive documentation, customary terms,
conditions for a transaction of this nature and TSX Venture Exchange approval.
Braveheart Resources Inc. (TSXV:BHT) is planning to begin drilling from
underground workings at the Bull River Mine project, “to test the down dip
extension of the vein systems under the current workings.” The press release indicates that:
The
Bull River Mine project has an indicated resource of 1.51 million tonnes of
copper, gold and silver mineralized material with an average copper equivalent
grade of 2.263% CuEq based on a cut off grade of 1% CuEq. Additionally, the
project has an inferred resource of 340,000 tonnes at 1.86% CuEq based on a cut
off grade of 1% CuEq.
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