#ExploringMining #Podcast 194 – #Mining #Stocks News from (TSXV: $OTGO.V) (NYSE: $AG) (TSXV: $UGD.V) (CSE: $NSG.C) (TSXV: $FRE.V)

 

#ExploringMining #Podcast 194 – #Mining #Stocks News from (TSXV: $OTGO.V) (NYSE: $AG) (TSXV: $UGD.V) (CSE: $NSG.C) (TSXV: $FRE.V)

 

Point Roberts WA, Delta BC, August 17, 2021 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. Today’s podcast was sponsored by O2Gold Inc.

(TSXV:OTGO) , a mineral exploration company with activities in Colombia.

 

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https://www.investorideas.com/Audio/Podcasts/2021/081721-Mining.mp3

 

Read this in full at https://www.investorideas.com/News/2021/exploring-mining/08172OTGO-AG-UGD-NSG-FRE.asp

 

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First Majestic Silver Corp. (NYSE:AG) has reported its financial results for the second quarter ended June 30, 2021. Highlights include a new company record of $154.1 million in revenue, and mine operating earnings of $29.4 million, up from the $28.1 million recorded in Q1, 2021. First Majestic’s President and CEO, Keith Neumeyer, said:

 

"Improved production rates and higher metal prices during the quarter generated record revenues for the business. As a result of the higher revenues, our quarterly dividend increased by approximately 33% when compared to the prior quarterly payment. The mining units generated $29.4 million in mine operating earnings due to strong production and higher realized metal prices. At Jerritt Canyon, operational improvements are being achieved although AISC are expected to be higher than normal in the third quarter due to a $12.3 million lift on the tailing impoundment that is currently being constructed. Once completed, costs at Jerritt Canyon are expected to return to normal levels."

 

Unigold Inc. (TSXV:UGD) has revealed its latest drill results from exploration drilling at its 100 percent-owned Neita concession in the Dominican Republic. The company’s Chairman and CEO, Joe Hamilton, explained:

 

“This drilling demonstrates that high-grade mineralization extends beyond the envelope that defines the most recent Mineral Resource Estimate. Previous exploration efforts in this area intersected lithologies that suggested we are getting closer to a volcanic vent. Although the previous drilling failed to find high-grade mineralization, it increased our understanding of the structure in this area and led directly to this new discovery. Our increased understanding of the structure opens up approximately 1000 metres of potential strike extension to the west. There is minimal historic drilling through this gap, and we believe these latest holes suggest that we have the possibility to increase the mineral resource at Candelones to the west through further drilling.”

 

Northstar Gold Corp. (CSE:NSG) has started a surface exploration program at the Miller Gold Property, involving prospecting, mechanical stripping, geological mapping and channel sampling of selected areas. Some areas of particular focus, according to the press release, include those “where visible gold and gold tellurides have been observed either on or near-surface in recent high-grade gold-telluride diamond drill hole intercepts within the Allied Syenite Gold Zone.”

 

Fremont Gold Ltd. (TSXV:FRE) has provided an exploration update for its Cobb Creek project in Elko County Nevada. Highlights include the staking of an additional 89 federal lode claims on the northern and eastern sides of the project, thereby increasing the size of the property area by roughly 30 percent. According to the press release, the Cobb Creek project “occurs at the northern end of the Independence trend, one of the most important gold belts in northern Nevada and contains a non-N43-101 compliant, historic resource of 160,000 ounces gold.”

 

Exploring Mining Podcast Sponsor

O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otú Fault project, with senior management based in nearby Medellín. The team’s deep roots and experience in Latin America—in both capital markets and mining—gives it the regional knowledge and operational expertise to create a world-class project.

 

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#Colombian #Gold #Stock news: O2Gold Inc. (TSXV: $OTGO.V) Begins Drilling and New Ground Geophysics Results Extend the Projected Vein Mineralization of Aurora-Quintanillo

#Colombian #Gold #Stock news: O2Gold Inc. (TSXV: $OTGO.V) Begins Drilling and New Ground Geophysics Results Extend the Projected Vein Mineralization of Aurora-Quintanillo

 

TORONTO, ON, August 17, 2021 – (Investorideas.com Newswire) - O2Gold Inc. (“O2Gold” or the “Company”) (TSXV:OTGO) is pleased to announce that it has begun drilling at the Aurora mine targets, the site of an expected 2,000 meters of drilling. The Company has also received the results of additional geophysics surveying in the Aurora project area.

 

Read this news, featuring OTFO in full at https://www.investorideas.com/CO/OTGO/news/2021/08171Aurora-Quintanillo.asp

 

 

Key Highlights

·        The ground geophysics survey allowed the interpretation of the Quintanillo mine’s vein structure of 1.2 km, which had already been identified in surface mapping but whose extent was unknown.

 

·        In addition to showing the continuity of this vein, the survey also indicated the possibility of two more associated orthogonal vein structures and two structures that could be extensions of the Aurora vein system.

 

·        The integration of the Aurora-Quintanillo target shows a projected vein system of almost 4 km in length along strike.

 

Methodology

The geoelectrical survey methodology was chosen because it is known to identify vein structures in the same geological context successfully. The methods are as follows:

 

·        Spontaneous Potential (SP): measures the spontaneous polarization due to electrochemical reactions existing at the host rock vein interface.

 

·        Electrical Resistivity Profiling (ERP): measures the lateral variations of resistivity, trying to delimit the sub-vertical veins by contrast with host rocks.

 

·        Vertical Electrical Sounding (VES): measures the behavior of the resistivity distribution with depth, defining the thickness of the weathered rock and adjusting the frequency used in Electrical Resistivity Tomography.

 

·        Electrical Resistivity Tomography (ERT): measures the lateral and vertical variations of contacts related to the vein system due to its low resistivity characteristics.

 

The grids used were perpendicular to the vein structures, with variable spacing between 100 and 200 meters and with measuring points every 20 meters.

 

Results

The geological mapping and sampling on the Quintanillo target identified occurrences beyond those known from the artisanal production works in the Quintanillo mine. Due to the coverage by colluvial material and weathered rocks, these occurrences could not be followed in the field, hence the choice of geophysical methods to verify their continuity.

 

As shown in Figure 1A, the interpretation of spontaneous potential anomalies (zones of low resistivity, shown in blue) allows drawing lines interpreted as veins, previously known only as points with gold occurrences. It was impossible to identify their continuity and extension in the field (Figure 1B).

 

 

 

 

 

 

Figure 1: (A) Spontaneous potential anomaly map and associated vein projections and (B) map of gold results in veins collected during mapping and their possible projections.

 

For the Quintanillo target area, 1,000 meters of scout drilling is planned to verify the extension, depth, thickness, and grade of gold of the vein system.

 

The geoelectric results for the Aparecida target area, which is also scheduled to be drilled in 2021, are expected in the coming weeks.

 

Quality Assurance and Quality Control

All samples were shipped to the SGS Colombia S.A.S.’s (“SGS”) lab facility in Medellin, Colombia, where they were prepared and analyzed. They were analyzed using SGS procedure FAA515 to gold (fire-assay on a 50-gram sample with AAS finish) and AAS12C to silver (multi-acid digestion with AAS finish). Over the limit gold was determined by SGS procedure FAG505 (using standard fire-assay on a 50-gram sample with a gravimetric finish).

 

In line with QAQC best practices, approximately 10% of a 78-sample batch are control samples (three Au-Ag standards: High/Medium/Low grades, two fine blanks, one project blank, and two field duplicates).

 

SGS is independent of O2Gold. The Company is not aware of any other factors that could materially affect the accuracy or reliability of the data referred to herein.

 

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Marcelo Albuquerque, MAIG, a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

 

Stock Options Grant

Subject to regulatory approval, the Company has granted 400,000 stock options of the Company to Mr. Alimohamed in accordance with the Company’s stock option plan. The options vest immediately and may be exercised at a price of $0.24 per option for a period of five years from the date of grant. The options and underlying common shares of the Company are subject to a four month hold period in accordance with the policies of the TSX Venture Exchange.

 

About O2Gold

O2Gold is a mineral exploration company with activities in Colombia.

 

For additional information, please contact:

Jaime Lalinde, President and CEO

Phone: (57) 312 350 5864

Email: jlalinde@fmresources.ca

 

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s planned work and exploration activities at its properties, particularly the exploratory drilling, geological mapping and sampling at the Aurora, Quintanillo and Aparecida sites. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

O2Gold  is a featured Mining stock on Investorideas.com

 

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Special Edition #ExploringMining #Podcast–Exclusive Interview with Gold Stocks Company, O2Gold Inc. (TSXV: $OTGO.V)

Special Edition #ExploringMining #Podcast–Exclusive Interview with Gold Stocks Company, O2Gold Inc. (TSXV: $OTGO.V)

 

Point Roberts WA, Delta BC, August 17 , 2021 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring an interview with upper management of O2Gold Inc. (TSXV:OTGO).

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/081021-Mining-O2Gold.mp3

 

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O2Gold Inc.’s (TSXV:OTGO) deep roots and experience in its region in Colombia, as well as in the mining sector, leave it well-positioned to begin drilling and get on track for production, according to members of the company’s upper management, Jaime Nicholas Lalinde and Mateo Hernandez. Speaking with Investorideas, Lalinde described three factors that set O2Gold apart from its peers.

 

“I think there are three key differentiators for O2Gold relative to the average exploration play: Our partners, the quality, experience, and jurisdictional knowledge of our management team, and last – but certainly not least – is the quality of the project,” he said.

 

In the first category, for instance, is Robert Allen, who is the largest individual shareholder and one of the directors of the company. Lalinde describes him as “the country’s (Colombia’s) Midas,” who “is easily Colombia’s most successful gold prospector.”

 

“Having his expertise on the board, and his investment in this project, I think speaks to the quality of the land package,” Lalinde said.

 

With regard to the company’s management team, Lalinde stressed the importance of its locality and consequent familiarity with the region.

 

“We are a Colombian management team with a global background,” he said. “Our CEO (Jaime Lalinde) is Colombian and lives in Medellín near the project. This is a differentiator because we are one of only two public companies in the entire region where the CEO is in country, and near the project.”

 

“Part of the risk-reward upside of gold exploration plays in emerging markets is conditional to operational capacity. So, jurisdictional knowledge becomes extremely valuable in companies like these.”

 

Just as important, of course, is the company’s actual property. Lalinde emphasized its bountiful history, and potential for future production.

 

“We have 30,000 hectares along the prolific Otú Fault,” he said. “This is a district, just along the Otú Fault, that has historically produced an estimated 17 million ounces of gold, and that’s from artisanal methods – so without the use of modern techniques. That is how rich this area is.”

 

Lalinde forecasts a busy year for the company, as it is well prepared to begin drilling.

 

“We have everything in place to begin our drilling campaign near the Aurora tunnel – drills are on the platform as we speak,” he said. “We have the permitting for the construction of a processing plant in that planned project area, we have done extensive soil surface sampling throughout the brownfield and greenfield areas, and we are on track to drill at least 8,000 metres this year.”

 

“In the next 12 months, the company is anticipating a major reevaluation of its market cap as we define resources in the Aurora brownfield and publish a 43-101.”

 

In terms of production, O2Gold is obliged to meet certain minimum recuperation targets set by

the mining authority in the next 12 months. The upside to this is the resulting generation of an estimated $4 million USD, which the company can reinvest into further exploration and avoid dilution. Mateo Hernandez outlined the importance of entering production.

 

“In the Aurora tunnel we have an expectation…to have a resource estimation, just in that tunnel, of a little bit over 500 koz, and our expectation is that we can have a very serious mining plan for that area with a life expectancy of 15-20 years where we can produce 25-30,000 ounces in the very short term (next 12-18 months),” he said.

 

“In 2022 we want to start drilling extensively,” he added. “If I was to say what our road map is for the next 10 years, it’s to start progressively developing each of the zones, where we can have big scale production of a couple million ounces of gold per year in each independent zone.”

 

Hernandez explained that, on top of the distinguishing factors mentioned by Lalinde that O2Gold possesses, favourable relations with the government and Colombia’s status as an emerging market justify an ambitious long term vision for the company.

 

“Our vision is that, right now, Colombia is what Chile and Peru were in the 70s and 80s,” he said. “Some areas that were extremely prospective, were not acceptable. And now, we have operations in exactly those areas.”

 

“Even though we are just starting in this company, and the sector is just starting as well, we’re very bullish in our understanding of the geography, and our understanding of the country, and what this means for the country’s development as well.”

 

O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otú Fault project, with senior management based in nearby Medellín. The team’s deep roots and experience in Latin America—in both capital markets and mining—gives it the regional knowledge and operational expertise to create a world-class project.

 

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions.

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

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