Thursday, February 03, 2022

#ExploringMining #Podcast 244 – (TSXV: $OTGO.V) (TSXV: $AUN.V) (TSXV: $DEFN.V) (NYSE: $FSM) (TSXV: $SCZ.V)



 

#ExploringMining #Podcast 244 – (TSXV: $OTGO.V) (TSXV: $AUN.V)  (TSXV: $DEFN.V) (NYSE: $FSM) (TSXV: $SCZ.V) 

 

Vancouver, Kelowna, Delta, BC, February 3, 2022 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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Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF) has announced a non-brokered private placement offering of up to $6 million CAD, consisting of up to 17,142,857 Units at a price of $0.35 per CAD unit, subject to the approval of the TSX Venture Exchange. According to the press release, net proceeds of the Private Placement go toward “contingency funding for the restart of the Company's wholly owned Revenue Virginius (RV) Mine,””funding for growth of the resource base at the RV Mine which may enable the Company to grow future production volumes,” and ”for working capital and general and administrative expenses including potential opportunities to advance its wholly owned Shafter Project in light of the current silver price.”

 

Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has announced that 1,576 core samples representing 23 drill holes totalling approximately 3,900 metres of diamond drill core have been shipped and received by ALS Canada Ltd. (ALS) from its Wicheeda rare earth element (REE) Project. Luisa Moreno, President and Director of Defense Metals commented:

 

"We look forward to receiving the initial assays results from our ambitious 5,349 metre 2021 Wicheeda REE deposit diamond drill campaign. The 2021 drilling is expected to contribute to the expansion and upgrading of mineral resources we so recently demonstrated in our positive Wicheeda REE Project PEA."

 

Fortuna Silver Mines Inc. (NYSE:FSM) has provided a construction update for its Séguéla gold Project in Côte d’Ivoire. According to the press release the overall project is 32 percent complete as of January 31, 2022, major equipment packages have been secured, major construction contracts have been executed, and approximately $124.5 million has been committed. The company’s COO in West Africa, Paul Criddle, said:

 

“The Séguéla Project is advancing on schedule following the construction decision at the end of the third quarter of 2021. The Project is successfully transitioning from detailed engineering design to construction and remains on budget and on schedule to pour gold by mid-2023.”

 

Santacruz Silver Mining Ltd. (TSXV:SCZ) has reported its operating results for the fourth quarter of 2021 and for the year ended December 31, 2021. Highlights for the full year include the production of 1,289,172 oz of silver, 12,518 tonnes of zinc, 3,747 tonnes of lead, and 1,820 tonnes of copper. Carlos Silva, the company’s CEO, said:

 

"Our goal in 2022 is to continue optimizations and further improve production rates, particularly as new underground areas offer expansion potential at the Zimapan Mine. Of note, during Q4 2021 the Company completed development works on a new mineralized zone, the Lomo del Toro Zone, which will contribute to higher grade mineralized material mill feed."

 

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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#GreenEnergy #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Preparation for Initial Diamond Drill Assay Result; @defensemetals

#GreenEnergy #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Preparation for Initial Diamond Drill Assay Result; @defensemetals

 

Vancouver, British Columbia – February 3, 2022: Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce that 1,576 core samples representing 23 drill holes totalling approximately 3,900 metres of diamond drill core have been shipped and received by ALS Canada Ltd. (ALS) from its Wicheeda rare earth element (REE) Project.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2022/mining/02031DEFN-Diamond-Drill.asp

 

Samples shipped to date represent more than 70% of the 2021 drilled meterage from the Company’s highly successful 29 hole, 5,349 metre diamond drill program designed to expand the Wicheeda REE deposit and further upgrade existing resource categories (see Defense Metals news release dated November 8, 2021). Core samples from the remining six diamond drill holes are expected to be shipped to ALS within one week’s time.

 

Of the 1,576 samples submitted to ALS, an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory, a total of 1,206 samples have been crushed and pulverized in preparation for multi-element ICP-MS fusion analysis. The Company expects to receive initial assay results from the first four diamond drill holes of the 2021 campaign, subject to QA/QC review, by mid- February with additional results news flow by end of February and thereafter.

 

Luisa Moreno, President and Director of Defense Metals commented: “We look forward to receiving the initial assays results from our ambitious 5,349 metre 2021 Wicheeda REE deposit diamond drill campaign. The 2021 drilling is expected to contribute to the expansion and upgrading of mineral resources we so recently demonstrated in our positive Wicheeda REE Project PEA.”


About the Wicheeda REE Property

 

The 2,008-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 near infrastructure, including power transmission lines, the CN railway, and major highways.

 

The Wicheeda REE Project yielded a robust 2021 PEA that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR1. A unique advantage of the Wicheeda REE Project is the production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423 tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

 

Qualified Person

 

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project 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 NI 43-101. 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, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the 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

 

 

 


1 Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR (www.sedar.com).


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.

 

Cautionary Statement Regarding “Forward-Looking” Information

 

This news release contains “forwardlooking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, drill results including anticipated timeline of such results, the Company’s plans for its Wicheeda REE Project, expanded resource and scale of expanded resource, expected results and outcomes, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its 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. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 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, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.

 

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#Colombian #Gold #Stock News: O2Gold (TSXV: $OTGO.V) Announces Board Changes; @otgo_v

#Colombian #Gold #Stock News: O2Gold (TSXV: $OTGO.V) Announces Board Changes; @otgo_v

 


TORONTO - February 3, 2022 (Investorideas.com Newswire) O2Gold Inc. ("O2Gold" or the "Company") (TSXV: OTGO) (FRA: 6210.F) announces today the resignations from its board of directors of Fayyaz Alimohamed and Raziel Zisman, effective immediately. The board and management of the Company express their gratitude to Messrs. Alimohamed and Zisman for their efforts and extensive contributions and wish them well in their future endeavours.

 

Read this news, featuring OTGO in full at https://www.investorideas.com/CO/OTGO/news/2022/02031Board-Changes.asp

 

About O2Gold

O2Gold is a mineral exploration company with activities in Colombia. The Company's contiguous 30,000 ha land package includes several brownfields and largely under-explored greenfields.

 

Jaime Lalinde, President and CEO
Phone: (57) 312 350 5864
Email: jlalinde@fmresources.ca

 

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O2Gold is a featured Mining stock on Investorideas.com

 

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