#ExploringMining #Podcast Episode 85 –
#Mining #Stock News from (NYSE: $IAG) (TSXV: $LIO.V) (TSXV: $OCG.V) (TSXV: $BME.V)
Point Roberts WA, Delta
BC, July 21, 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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IAMGOLD Corporation (NYSE:IAG) is proceeding with the construction of the Côté
Gold Project in northern Ontario, Canada. According to the press release, this
allows construction at the project “in Q3 2020 with activities ramping up into
Q4 2020.” Gordon Stothart, President and CEO of IAMGOLD, commented:
"The
Côté Gold Project is transformational to the future of IAMGOLD. At a gold price
of $1,700, Côté's expected NPV (on a 100% basis) is over $2 billion, with a
22.4% IRR. The Project is anticipated to generate over 1,000 jobs during
construction, 450 jobs during operations, C$5 billion in wages and more than
C$10 billion in GDP over its lifespan. Côté is a world-class deposit located in
Canada, with estimated contained gold reserves of over 7 million ounces and
exploration potential. Today's construction decision for the Project positions
the Company well for the future by reducing overall operating costs (per ounce
of gold), increasing total production capacity, increasing the number of
operating mines and creating greater balance in our geographic diversity.”
Lion One Metals Limited (TSXV:LIO) has announced that, 3 km northeast of its Tuvatu
resource, its has discovered Tuvatu style lodes at Banana Creek. Banana Creek
is described in the press release as “a new, high-priority greenfields target
situated within Lion One's recently granted Navilawa tenement, part of its 100%
controlled Tuvatu alkaline gold project, Fiji.” Quinton Hennigh, technical
advisor to Lion One, explained:
"Crews
in Fiji are finding new outcropping lodes daily at Banana Creek and surrounding
areas as they open up roadcuts and trenches. Many of these are generating
high-grade assays and appear similar to gold lodes seen at Tuvatu nearly 3 km
to the southwest. We are now seeing a steady stream of assays come in from
these new areas and we expect many more over [the] coming months. Drill targets
are quickly emerging at Navilawa. Two holes at Tuvatu West appear to have
encountered high level splay structures, possibly above a deeper feeder
structure. We plan more drilling at a deeper level in this area later this
year. Meanwhile our Tuvatu step-out and feeder drill program continues. This is
shaping up to be a busy, exciting year."
Outcrop Gold Corp. (TSXV:OCG) has announced “a significant increase in the land
position surrounding and along trend from the high-grade silver-gold Santa Ana
project, including the consolidation of multiple regional scale, parallel
silver-gold belts in the Mariquita District, Colombia.” Outcrop CEO Joe Hebert
said:
"Outcrop
is elated to make an acquisition of this quality and scale. Colombia is one of
the few exploration jurisdictions in Latin America where a company can
consolidate this large of an area of high-grade veins with almost no modern
exploration but abundant artisan mining. Controlling numerous vein systems that
extend for tens of kilometres will position us for a world-class high-grade
discovery."
Barsele Minerals Corp. (TSXV:BME) has shared an operational update relating to
ongoing exploration activities within the Barsele Gold-VMS Project area in
Sweden. The press release indicates that coring was initiated on July 14th and
that: [drilling] “will test Regional Orogenic Gold and Volcanogenic Massive
Sulphide targets,” and “will test for continuity and extensions of higher-grade
intercepts within the Avan and Central zones.”
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