#ExploringMining #Podcast
297 - News from (OTC: $FTCO) (TSXV: $MGG.V) (TSXV: $PDM.V) (TSXV: $SCZ.V)
Vancouver, Kelowna, Delta, BC, August 31,
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.
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podcast:
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Fortitude Gold Corporation
(OTC:FTCO) has announced maiden drill results from its County
Line property located in Mineral and Nye counties in Nevada. This includes
multiple high-grade gold intercepts with 6.10 meters grading at 15.18 grams per
tonne gold (g/t) within 15.24 meters grading 7.66 g/t gold. Barry Devlin, Vice
President of Exploration for Fortitude Gold, said:
"We
are very pleased with these initial high-grade gold drill intercepts including
impressive widths of mineralization close to the surface. We are working to
model this mineralization for tonnes, grade and mineral resource expansion with
the next drill program already underway."
Minauram Gold Inc. (TSXV:MGG) has announced that it has acquired 100 percent
interest in its flagship Alamos Silver project in Sonora, Mexico. According to
the press release, the project is a 37,928-hectare district encompassing “the
historical 200 Moz Alamos mining district and the 26 separate high-grade silver
epithermal veins discovered and explored by Minaurum.” Darrell Rader, Minaurum
Gold’s President and CEO, said:
"Taking
full ownership of the entire Alamos district is a major milestone for Minaurum.
We would like to thank the property vendors for all of their efforts in
advancing permitting and community relations efforts at Alamos. We look forward
to their continued involvement as we explore and develop Alamos into a Tier 1
silver asset."
Palladium One Mining Inc.
(TSXV:PDM) has received a new exploration drill permit for
the Smoke Lake Zone area of the Tyko Copper-Nickel-Cobalt Project. Derrick
Weyrauch, President and CEO of the company, said:
"We
are very pleased to have received another Exploration Permit for Tyko, this new
permit allows for additional drill pads at the high-grade Smoke Lake zone, as
well as other nearby geophysical targets. The 2022 diamond drill program at
Tyko is well underway. Recently we added a second drill rig, as part of a
four-week program to test the historic RJ and Tyko zones, nearby magnetic
anomalies, and single line VTEMmax conductors. This helicopter drill program
includes a 400-meter deep hole at both the RJ and Tyko zones for an upcoming
borehole electromagnetic survey.”
Santacruz Silver Mining
Ltd. (TSXV:SCZ) has reported the financial results for its second
quarter of 2022. Highlights include a revenue of $225.1 million USD – up
1,538 percent from Q2 2021, and a net income of $6.5 million – up 273 percent
from Q2 2021. Carlos Silva, the company’s CEO, said:
"Our
second quarter financial results include the first full quarter of
contributions from our Bolivian operations. The transition process is advancing
well as Santacruz has strong and committed management teams in both Bolivia and
México. With the recent addition of Wayne Corso as COO, we are reviewing all
production operations with a view to identifying potential cost reductions and
operational efficiencies to be implemented in the near term with the objective
of further improving our production metrics."
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