Tuesday, November 17, 2020

#ExploringMining #Podcast Episode 119 – #Mining #Stock News from (NYSEAmerican: $SILV) (TSX: $SIL.TO) (NYSE: $NEM) (TSXV: $IPT.V) (TSXV: $GGO.V)

#ExploringMining #Podcast Episode 119 – #Mining #Stock News from (NYSEAmerican: $SILV) (TSX: $SIL.TO) (NYSE: $NEM) (TSXV: $IPT.V) (TSXV: $GGO.V)

 


Point Roberts WA, Delta BC, November 17, 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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Read this in full at https://www.investorideas.com/news/2020/exploring-mining/11171SILV-NEM-IPT-GGO.asp

 

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SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has revealed drill results for its newest high-grade discovery, the Babi Vista Splay Vein, and in-fill drilling for the northwest extension of the Babi Vista Vein at its Las Chispas Property in Sonora, Mexico. The company’s CEO, Eric Fier, said:

 

"We continue to find new high-grade opportunities at Las Chispas, with yet another record-breaking intercept and vein discovery. Results from the Babi Vista Splay highlight continued potential for high-grade resource growth in the vicinity of our current underground work. With five drills active at Las Chispas, we expect to see further results in the coming months from both expansion and in-fill drilling beyond the completion of the feasibility study."

 

Newmont Corporation (NYSE:NEM) has been ranked as “the top-ranked gold miner for the sixth consecutive year,” on the Dow Jones Sustainability World Index (DJSI World). This is based on the company’s long-term economic factors, and environmental, social and governance (ESG) performance, as evaluated by the 2020 SAM Corporate Sustainability Assessment (CSA). Tom Palmer, President and CEO of Newmont, said:

 

"Newmont’s commitment to ESG is fundamental, it is part of the company’s fabric and history, and is essential to our license to operate. I am extremely proud of our employees for their strong commitment to our purpose of creating value and improving lives through sustainable and responsible mining. We are honoured to continue our DJSI World membership, and to have earned top gold miner distinction in the CSA. This honour comes with the recognition that we must continue to challenge ourselves to further improve and deliver on our commitments for all of our stakeholders."

 

IMPACT Silver Corp. (TSXV:IPT) has begun a 900 meter trenching program on the Manto America gold target area of the Royal Mines of Zacualpan District, Mexico. The Manto America area “was mapped and sampled by IMPACT and to date 33 rock samples greater than 2.0gm/t Au have been collected from historic artisanal underground workings and surface showings with values up to 19.5 g/t gold over a true width of 1.2m,” according to the press release.

 

Galleon Gold Corp. (TSXV:GGO) has added a second drill rig to the ongoing drill program at its 100 percent-owned West Cache Gold Project, in Timmins, Ontario. With 15,000 meters of its initial infill core drilling program now completed, the company is beginning a Phase Two drilling program for an additional 15,000 meters. R. David Russell, President and CEO of Galleon Gold, commented:

 

"We are fortunate to be fully funded for the addition of a second drill, we are looking forward to accelerating the program, and fleshing out the potential of Zone #9. To date, we have been able to predict the orientation and location of the structure and continue to be impressed by its continuity of grade and widths."

 

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#Metals #Stock to Watch - Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) @DefenseMetals Applauds Planned Advancement of North American REE Supply Chain with Fortress-MP Materials Merger

#Metals #Stock to Watch - Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) @DefenseMetals Applauds Planned Advancement of North American REE Supply Chain with Fortress-MP Materials Merger

 

Vancouver, British Columbia – November 17, 2020: Investorideas.com Newswire  - Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF is pleased to announce that on Friday November 13, 2020, Fortress Value Acquisition Corp. (“FVAC”) held a special meeting to consider the previously announced business combination with MP Materials (“MP Materials”). MP Materials is the owner and operator of Mountain Pass, the only rare earth element mining and processing site of scale in North America[1].

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2020/mining/11171Defense-Metals.asp

 

The FVAC-MP Materials special meeting represents a significant milestone in the establishment of a North American critical magnet metals supply chain. If approved, the combined company created by the FVAC-MP Materials merger would have an estimated post-transaction equity value of approximately $1.5 billion[2]. Completion of the FVAC-MP Materials merger would signal a sea-change in ongoing joint Canadian-U.S.A. government efforts towards the establishment of a North American critical metals supply chain.

 

Defense Metals anticipates the merger would have a positive impact on the advancement of Canadian critical metals deposits, which includes Defense Metals Wicheeda Rare Earth Element (REE) Property (Table 1).

 

The Wicheeda REE Project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO[3]. Flotation pilot-plant processing of a 26-tonne bulk sample of Wicheeda REE material yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) critical magnet metals[4].

 

Craig Taylor, CEO of Defense Metals, stated: “The potential completion of the Fortress-MP Materials merger signals the beginning of what Defense Metals believes will be the inevitable establishment of a North American critical metals supply chain. This merger has the potential to unlock significant value in other North American REE deposits like Wicheeda; further buoyed by recent announcements by the state of California, Province of Quebec, China and UK targeting year 2035 to ban or significantly reduce sales of internal-combustion engine vehicles. The critical magnet metals, principally NdPr, that occur at high concentration within the Wicheeda REE Deposit will position Defense Metals to capitalize on the significant growth potential of the rapidly emerging green energy-electric vehicle sector.

 

Table 1. Comparison of Mountain Pass Mine and Wicheeda REE Deposit[5]

 

PROJECT

COUNTRY

DEVELOPMENT STAGE

RESOURCES / RESERVES CATEGORY

DEPOSIT COMPARISON

MINERAL CONCENTRATE COMPARISON

Million Tonnes

NdPr-Oxide Deposit
Grade (%)

NdPr-Oxide Concentrate
Grade (%)

Feed Grade*
(% LREO)

Concentrate Grade

(% LREO)

Upgrade Ratio

Wicheeda

Canada

Resource and 26 Tonne Bulk Sample

Indicated + Inferred

17.0

0.43

7.4

4.81

52%

10.8

Mountain Pass

USA

Production

Proven + Probable

19.2

1.12

9.5

7.06

60%

8.5

*Feed grade for Wicheeda derived from 26 tonne bulk sample head grade. Feed grade for Mountain Pass represents combined proven+probable reserve grade

 

About the Wicheeda REE Property

The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein. 

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Forward Looking Information

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, Defense Metals’ plans for its properties/projects, the positive impact that the Mountain Pass merger and listing will have on the rare earth elements industry, the  growth potential of the green energy-electric vehicle sector, other statements relating to the technical, financial and business prospects of Defense Metals and its properties, and other matters.

 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of Defense Metals to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Defense Metals will operate in the future, including the price of metals and elements, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct Defense Metals planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of Defense Metals, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to rare earth elements, and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that Defense Metals may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that Defense Metals may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with Defense Metals expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon Defense Metals history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”), including local First Nations; (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of Defense Metals projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to Defense Metals prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly.

 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, litigation, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and Defense Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring Defense Metals Corp. is a paid for service  on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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[1] www.businesswire.com Fortress Value Acquisition Corp. and MP Materials Announce Effectiveness of Registration Statement for Proposed Business Combination, October 27, 2020

[2] www.businesswire.com MP Materials, a Leading Producer of Rare Earth Materials, to Be Listed on NYSE Through Merger with Fortress Value Acquisition Corp., July 15, 2020

 

[3] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo.) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

[4] See Defense Metals News Release date September 23, 2020

[5]Source: www.sec.gov U.S. SEC Form S-4 for Fortress Value Acquisition Corp., September 30, 2020. Mountain Pass data are for commercial operations and Defense Metals’ current results are from large-scale pilot plant testing. There is no guarantee similar results can be achieved in a commercial production scenario. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.

Monday, November 16, 2020

Mining Stock News: SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces New High-Grade Discovery at Las Chispas and Record Intercept; @SilverCrestMet

Mining Stock News: SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces New High-Grade Discovery at Las Chispas and Record Intercept; @SilverCrestMet

 

2.4 Metres (TW) Grading 555.36 gpt Au and 19,452.8 gpt Ag, or 61,105 gpt AgEq

 

TSX: SIL | NYSE American: SILV

 


Vancouver, British Columbia - November 16, 2020 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSX: SIL.TONYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce drill results for its newest high-grade discovery, the Babi Vista Splay Vein ("Babi Vista Splay" or "Splay"), and in-fill drilling for the northwest extension of the Babi Vista Vein ("Babi Vista") at its Las Chispas Property ("Las Chispas" or the "Property") located in Sonora, Mexico. The current drill program for Babi Vista is designed to expand high-grade precious metal mineralization along strike and to depth of the vein (see attached Figures). Included in this release are results for 129 holes (see Tables below) which include 24 expansion holes for the Babi Vista Splay and 105 in-fill holes for Babi Vista.

 

Read this news featuring SILV in full at https://www.investorideas.com/CO/SILV/news/2020/11161Las-Chispas.asp

 

 



News release images (CNW Group/SilverCrest Metals Inc.)

The Babi Vista Splay is located in the southeast extension of the Babi Vista Vein and appears to be a splayed quartz argentite-rich vein in the hanging wall of Babi Vista.

 

Highlights for Discovery of Babi Vista Splay Vein

·        24 core holes drilled to date.

·        High-grade footprint of approximately 300 metres along strike and average height of 175 metres.

·        Weighted average results (true width ("TW"), uncut, undiluted) are 1.6 metres grading 74.27 grams per tonne ("gpt") gold ("Au") and 3,437.1 gpt silver ("Ag"), or 9,007 gpt silver equivalent ("AgEq", based on 75 Ag:1 Au) within the high-grade footprint.

·        Average is dominated by hole BV20-201 with 2.4 metres (TW) grading 555.36 gpt gold and 19,452.8 gpt Ag, or 61,105 gpt AgEq. When excluding this hole, the weighted average results are 1.5 metres grading 10.35 gpt Au and 1,309.1 gpt Ag, or 2,085 gpt AgEq.

·        Hole BV20-201 establishes a new grade-thickness record for the Property of 189,426 gram-metres which compares to the previous record of 125,111 gram-metres (1.7 metres grading 73,595 gpt AgEq in Hole BV20-60).

·        Discovery is near the Company's ongoing underground work and is readily accessible for potential early mining.

·        Discovery will be included as Inferred Resources for the upcoming resource estimation in the ongoing feasibility study.

 

Babi Vista Vein in-fill drill results confirmed high-grade mineralization in the vein to the northwest. These results will be used for re-classification of mineral resources for consideration in the upcoming maiden reserves in the ongoing feasibility study. Drill results for the updated resources to be included in the feasibility study were cutoff on October 16, 2020. While drilling for the Babi Vista Splay and Babi Vista Vein, the Babi Vista Footwall ("FW"), Granaditas and several previously unknown and unnamed veins were also intersected with results presented in tables below.

 

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "We continue to find new high-grade opportunities at Las Chispas, with yet another record-breaking intercept and vein discovery. Results from the Babi Vista Splay highlight continued potential for high-grade resource growth in the vicinity of our current underground work. With five drills active at Las Chispas, we expect to see further results in the coming months from both expansion and in-fill drilling beyond the completion of the feasibility study."

 

The most significant result for this release is Hole BV20-201, which intersected 2.4 metres (estimated true width) grading 555.36 gpt Au and 19,452.8 gpt Ag, or 61,105 gpt AgEq. Also noteworthy are holes BV20-203 at 3.3 metres grading 38.18 gpt Au and 5,060.7 gpt Ag, or 7,924 gpt AgEq in the Babi Vista Splay and BV20-106 at 0.7 metres grading 52.2 gpt Au and 3,710.0 gpt Ag, or 7,625 gpt AgEq in the Babi Vista Vein. The following tables summarize the most significant drill intercepts (uncut, undiluted) for this release:

 

Babi Vista Splay Vein




Babi Vista Vein




Babi Vista FW & Granaditas Veins




Unnamed Vein Intercepts




All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada, and Bureau Veritas Inspectorate Ltd. in Hermosillo, Mexico.

 

Holes BA18-91, BV20-86 to 87, 90 to 91, 93, 95 to 99, 103 to 105, 107 to 111, 113, 115 to 119, 112 to 122, 124, 128 to 129, 131 to 134, 138, 141 to 142, 144 to 145, 148 to 151, 153, 155 to 157, 160 to 162, 164, 166, 168 to 173, 176 to 177, 180, 183 to 190, 192, 194, 196, 198 to 200, 202, 204 to 205, 212, 214 to 215 and 217 intersected veining but were below the Company's cutoff grade of 150 gpt AgEq.

 

There are currently five (5) surface core drills operating at Las Chispas. These drill rigs are completing further known vein expansion holes for the Babi Vista Vein, El Muerto Zone and Amethyst Vein. Approximately 30 holes for 12,000 metres remain to be completed for 2020. An updated resource estimate is being completed as part of the ongoing feasibility study with an expected completion in Q4 2020 or early January 2021.

 

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

 

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. The Las Chispas Project consists of 28 mineral concessions, of which the Company has 100% ownership of where all the resources are located. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

 

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration and drilling programs of the Las Chispas Property, including updating the Company's resource model and preparing a feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forward–looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: impact of the COVID-19 pandemic; the reliability of mineralization estimates, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: uncertainty as to the impact and duration of the COVID-19 pandemic; the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

 

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

 

For Further Information:

SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: 
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

 

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

 

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