#ExploringMining #Podcast Episode 122 – #Mining #Stock News from (NYSE: $AA) (NasdaqGS: $KALU) (NYSE: $IAG) (NYSE: $EXK) (TSX: $LN.TO)
Point Roberts WA, Delta BC, December 1, 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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Alcoa Corporation (NYSE:AA) has announced an agreement to sell its rolling mill
business to Kaiser Aluminum Corporation (NasdaqGS:KALU) for total consideration of
approximately $670 million. The transaction will see Alcoa “retain ownership of
the site’s 269,000 metric ton per year aluminum smelter and its electric
generating units,” and “enter into a market-based metal supply agreement with
Kaiser Aluminum at closing.” Roy Harvey, CEO of Alcoa, said:
"The
sale will achieve a key target in our strategy to focus on core markets while
generating additional cash. We look forward to having Kaiser Aluminum as a
valued customer at Warrick Operations, and we thank all of the employees who
have contributed significantly to the site’s 60-year history of manufacturing
excellence."
IAMGOLD Corporation (NYSE:IAG) has reported the remaining assay results from its
2020 exploration diamond drilling program at its Nelligan joint venture project
in Quebec, Canada. Craig MacDougall, Executive Vice President, Growth for
IAMGOLD, explained:
"These
remaining results continue to demonstrate continuity of mineralization from the
infill drill holes completed in the resource area, and importantly, also
continue to demonstrate that mineralization extends well beyond the area of the
current modeled resource to the west for at least 500 to 700 metres. The
mineralization and associated alteration intersected to date along this western
extension appears similar to that observed in the current estimated resource
and has potential to expand existing project resources with additional
drilling. I must congratulate the exploration team for their perseverance to
safely and successfully complete the 2020 exploration program with the numerous
challenges posed by the global COVID-19 crisis."
Endeavour Silver Corp. (NYSE:EXK) is intersecting high-grade gold-silver mineralization
in the Melladito and San Bernabe vein systems at the Bolanitos mine in
Guanajuato, Mexico. According to the press release, the site has seen 22 holes
drilled, of which, 11 holes and 22 mineralized intervals returned high grades
over mineable widths. Highlights include: hole BN-58, which boasted 12.76 gpt
gold and 55 gpt silver over 4.5 m true width, featuring 0.4 m grading 43.5 gpt
gold and 171 gpt silver, and hole BN-52, which reported 0.51 gpt gold and 491
gpt silver over 2.7 m true width, featuring 0.4 m grading 1.74 gpt gold and
2,220 gpt silver.
Loncor Resources Inc. (TSX:LN) has reported multiple gold intercepts at the first
core hole of a 7,000 metre drilling program at its flagship Adumbi deposit.
This includes “20.33 metres grading 2.47 g/t gold (including 4.8 metres grading
5.40 g/t Au), 7.33 metres grading 5.80 g/t Au and 20.77 metres grading 1.72 g/t
Au, on its 84.68% owned Imbo Project,” in the Democratic Republic of the Congo
(DRC). Loncor’s President, Peter Cowley, commented:
“We
are encouraged by the results of this first hole of our 7,000 metre drilling
program at Adumbi where we are targeting a significant increase of resources,
both within and below the open pit shell. Exploration is also ongoing on new
targets along the 14 kilometre long mineralized trend on the Imbo permit in
order to generate additional drill targets. If we achieve our objectives, the
next step will be a Preliminary Economic Assessment to illustrate the positive
economic potential that we believe is contained within Adumbi and the
neighbouring deposits and other targets within the Imbo exploitation permit.”
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