#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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podcast:
https://www.investorideas.com/Audio/Podcasts/2022/020322-Mining.mp3
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at https://www.investorideas.com/news/2022/exploring-mining/02031OTGO-AUN-DEFN-FSM-SCZ.asp
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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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