#ExploringMining #Podcast Episode 81 –
#Mining #Stocks News from (NYSE: $AG) (TSX: $FF.TO) (NYSE American: $GAU)
(TSXV: $KZD.V) (TSXV: $PA.V)
Point Roberts WA, Delta
BC, July 7, 2020 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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First Majestic Silver Corp. (NYSE:AG) has announced that “all outstanding conditions
required to complete the previously announced Springpole Silver Stream
agreement with First Mining Gold Corp. (TSX:FF) have been fulfilled.” The agreement
commits the former to purchasing “50% of the payable silver produced from the
Springpole Gold Project,” and “to pay First Mining total consideration of $22.5
million in cash and shares, over three payments, for the silver stream which
covers the life of the Project.”
Galiano Gold Inc. (NYSE American:GAU) has provided an update on its 2020 exploration
program underway at the Asanko Gold Mine in Ghana. Galiano’s CEO Greg McCunn
explained:
"Our
second set of drill results from our 2020 exploration program were promising.
They extend the known mineralization at Abore to the north and justify planned
further drilling that will continue to test for mineralization along strike.
Abore plays an important role in our objective of replacing depletion in 2020
and 2021 and the recent drill results at Abore add to the drill results from
the Akwasiso pit. We expect Abore and
Akwasiso to be the main sources of ore supplementing our Esaase pit in H2 2020
and through 2021 and we believe that we have shown the potential for resource
expansion at both pits with our drill program."
Kaizen Discovery Inc. (TSXV:KZD) has revealed results from recent exploration
diamond drilling at its 100 percent-owned Pinaya Copper-Gold Project located in
the Andahuaylas-Yauri Porphyry-Skarn Belt in southeastern Peru. Highlights
include the completion of “1,946 metres of diamond drilling in three holes at
Pinaya, and all intersected anomalous levels of copper mineralization in
altered Puno Group sedimentary rocks without intersecting the causative
porphyry intrusions.” Eric Finlayson, Kaizen's interim CEO, commented:
"We
are encouraged by the results received from this initial round of diamond
drilling, which indicate the presence of a large unroofed porphyry system at
Pinaya. We will now be bringing HPX's proprietary Typhoon™ surveying system to
site, which will allow us to map the deep porphyry system and direct future
drilling."
Palamina Corp. (TSXV:PA) has reported further significant channel sampling
results from its Coasa Gold Project in south eastern Peru. Company President
Andrew Thomson said:
"Palamina's
newly discovered Cayos Zone at the Coasa Gold Project continues to deliver
substantive gold values at surface. Palamina's in-country Peruvian geological
team will resume exploration in July following Covid-19 guidance. The focus
will be on expanding our understanding of the known vein hosting structures
slated for drilling in the Veta Zone and new expansion work at surface in the
Cayos Zone."
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