#ExploringMining #Podcast Episode 116 – #Mining #Stocks News from (NYSE: $SILV) (TSX: $SIL.TO)(NYSE: $GOLD) (NYSE: $KGC)( TSXV: $BTR.V)

#ExploringMining #Podcast Episode 116 – #Mining #Stocks News from (NYSE: $SILV) (TSX: $SIL.TO)(NYSE: $GOLD) (NYSE: $KGC)( TSXV: $BTR.V)

                                           

Point Roberts WA, Delta BC, November 5, 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.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/110520-Mining.mp3

 

Read this news in full at https://www.investorideas.com/news/2020/exploring-mining/11051SILV-GOLD-KGC-BTR.asp

 

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SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has discovered high-grade mineralization at the El Muerto Zone in the northwest part of the Babicanora Vein at its Las Chispas Property in Sonora, Mexico. This came as part of a 45-hole drill program, wherein one hole intersected 1.5 metres grading 12.68 gpt Au and 1,723.8 gpt Ag, or 2,675 gpt AgEq. SilverCrest Metals CEO Eric Fier said:

 

"Our exploration team is doing an exceptional job under strict COVID-19 protocols, including a quarantined site camp. The recent discovery of the El Muerto Zone continues to show that Las Chispas has significant additional potential as we focus on expansion and new discoveries of high-grade mineralization in the district. Further drilling at El Muerto, below the current Babicanora Vein resource, is planned in Q4 2020 and next year.

         

Our Las Chispas operations team is also doing an excellent job as site work continues, including: underground drifting, stockpiling of high-grade mineralization, building the warehouse and administration office, expanding the site quarantined camp, and installation of site water and electrical systems. Senior management recently had visited the site to oversee the planned progress with respect to exploration and operations. The Feasibility Study is advancing well with an anticipated release in late December 2020 or early January 2021, along with a final mill construction decision."

 

Barrick Gold Corporation (NYSE:GOLD) has revealed third quarter 2020 results, indicating that it increased its operating cash flow by 80 percent quarter-on-quarter to $1.9 billion and its free cash flow by 151 percent to $1.3 billion in the third quarter of 2020, making for a record level of quarterly free cash flow for the company. Additionally, the company reduced its debt net of cash “to $0.4 billion with no significant maturities until 2033,” and reported an adjusted net earnings per share increase of 78 percent to 41 cents for the quarter.

 

Kinross Gold Corporation (NYSE:KGC) has announced its results for the third quarter ended September 30, 2020, including the production of 603,312 attributable gold equivalent ounces and sales of 588,559 gold equivalent ounces. The company’s President and CEO, J. Paul Rollinson, said:

 

“Year-over-year, our margins grew by 60% to $1,171 per gold ounce sold, which substantially outpaced the 30% increase in the average realized gold price. We also continued to strengthen our investment grade balance sheet and ended the quarter with approximately $935 million in cash and total liquidity of $2.5 billion.

 

In September, we were pleased to announce an expected 20% increase in production over the next three years to 2.9 million gold equivalent ounces, along with plans for a quarterly dividend to return capital to our shareholders. We also provided a long-term production outlook which forecasts Kinross producing an average of 2.5 million gold equivalent ounces annually through to 2029.”

 

Bonterra Resources Inc. (TSXV:BTR) has announced results from the ongoing drilling campaign at its Gladiator project, including one hole with 15.6 g/t Au over 1.6 metres. Pascal Hamelin, Interim CEO and VP, Operations commented:

 

"These latest drill results are very encouraging, and demonstrate the continuity of the Main and North Zones. The addition of a series of interpreted north-dipping zones to the Main and North Zones further enhances our understanding of the Gladiator deposit."

 

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

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.

Disclosure: Investorideas.com is compensated by SilverCrest Metals Inc for annual news publishing  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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#Mining #Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces New High-Grade Discovery at Las Chispa

#Mining #Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces New High-Grade Discovery at Las Chispas

 

1.5 Metres Grading 2,675 gpt AgEq

1.0 Metres Grading 1,430 gpt AgEq

 

VANCOUVER, BC - November 5, 2020 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSX: SIL.TO; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the discovery of the El Muerto Zone ("El Muerto") in the northwest part of the Babicanora Vein at its Las Chispas Property ("Las Chispas") located in Sonora, Mexico. El Muerto is the Company's first successful attempt at intercepting high-grade precious metals deeper in the Babicanora Area, suggesting potential for a new mineralized horizon in the Babicanora Vein. The current drill program has been focused on expanding high-grade mineralization for known veins and testing targets for possible new precious metal discoveries. Results released today are for 45 holes with 11,350 metres drilled within El Muerto (see attached Figures and tables below).

 

Read this news featuring SilverCrest in full at https://www.investorideas.com/CO/SILV/news/2020/11051Las-Chispas.asp

 

Discovery Highlights:

·        SilverCrest continues to intersect high-grade mineralization with the discovery of El Muerto. Best intercepts include:

·        El Muerto is estimated to have an average high-grade footprint of 500 metres along strike and is 100 to 200 metres below the current resource in the Babicanora Vein, demonstrating the potential for high-grade mineralization in a new lower horizon.

·        The weighted average (true width, uncut, undiluted) of these drill results to date is 1.1 metres grading 5.27 gpt Au and 389.2 gpt Ag, or 784 gpt AgEq.

·        El Muerto will be included in the updated resource that will be issued with the ongoing Feasibility Study.

 

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "Our exploration team is doing an exceptional job under strict COVID-19 protocols, including a quarantined site camp. The recent discovery of the El Muerto Zone continues to show that Las Chispas has significant additional potential as we focus on expansion and new discoveries of high-grade mineralization in the district. Further drilling at El Muerto, below the current Babicanora Vein resource, is planned in Q4 2020 and next year.

 

Our Las Chispas operations team is also doing an excellent job as site work continues, including: underground drifting, stockpiling of high-grade mineralization, building the warehouse and administration office, expanding the site quarantined camp, and installation of site water and electrical systems. Senior management recently had visited the site to oversee the planned progress with respect to exploration and operations. The Feasibility Study is advancing well with an anticipated release in late December 2020 or early January 2021, along with a final mill construction decision."

 

The most significant result for this release is Hole EM20-37, which intersected 1.5 metres (estimated true width) grading 12.68 gpt Au and 1,723.8 gpt Ag, or 2,675 gpt AgEq. Also noteworthy is hole EM20-35 at 1.0 metres (estimated true width) grading 9.46 gpt Au and 720.0 gpt Ag, or 1,430 gpt AgEq. The following table summarizes the most significant drill intercepts (uncut, undiluted) for this release.

 

Babicanora Vein, El Muerto Zone:

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada, and Bureau Veritas Inspectorate Ltd. in Hermosillo, Mexico.

 

Holes EM19-01, 03 to 07, EM20-08, 09, 11, 12, 15 to 18, 21, 22, 24, 28 to 30, 33, 34, 36, and 39 to 42 intersected veining but were below the Company's cutoff grade of 150 gpt AgEq.

 

While drilling El Muerto, several intercepts were made in unnamed veins. Further work is planned on these unnamed vein intercepts for possible new vein discoveries. The most significant results of these intercepts are provided below (uncut, undiluted):

SilverCrest currently has five surface core drills running at Las Chispas; two at the El Muerto Zone, two at the Babi Vista Vein and one at the Amethyst Vein. Expansion drilling is planned to continue through Q4 2020 and into 2021. The Company has budgeted to operate 6 to 8 drills at Las Chispas over the next 12 months, with the potential to expand with further success.

 

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

 

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. The Las Chispas Project consists of 28 mineral concessions, of which the Company has 100% ownership of where all the resources are located. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

 

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration and drilling programs of the Las Chispas Property, including updating the Company's resource model and preparing a feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forward–looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: impact of the COVID-19 pandemic; the reliability of mineralization estimates, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: uncertainty as to the impact and duration of the COVID-19 pandemic; the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

 

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

 

For Further Information:

SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

 

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

 

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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.

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#ExploringMining #Podcast Episode 115 – #Mining #Stocks News from (NYSEAmerican: $GORO) (TSXV: $MAE.V) (TSXV: $CQR.V) (TSXV: $GZD.V)

#ExploringMining #Podcast Episode 115 – #Mining #Stocks News from (NYSEAmerican: $GORO) (TSXV: $MAE.V) (TSXV: $CQR.V) (TSXV: $GZD.V)

 

Point Roberts WA, Delta BC, November 3, 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.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/110320-Mining.mp3

 

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Gold Resource Corporation (NYSEAmerican:GORO) has reported consolidated production results for its third quarter ended September 30, 2020, including production of 12,575 gold ounces and 333,761 silver ounces. This quarter also saw the company report a net income of $5.0 million or $0.07 per share. Gold Resource Corporation’s CEO and President, Jason Reid, said:

 

“Our successful third quarter demonstrates our strength and determination. Despite the mandatory two-month shutdown in Mexico during the second quarter, our Oaxaca Mining unit is back to generating free cashflow while putting employee and community health and safety first. Nevada also delivered on generating free cash flow with its record quarterly gold production, a 51% increase over the prior quarter, while continuing rigorous COVID protocols. Additionally, we made a deliberate strategic move to unlock and increase shareholder value from both mining units by initiating the spin-off of the Nevada Mining Unit to shareholders as Fortitude Gold Corporation.”

 

Maritime Resources Corp. (TSXV:MAE) has announced additional assay results from its ongoing exploration program at the Hammerdown Gold Project in Newfoundland and Labrador. Garett Macdonald, President and CEO of Maritime Resources, explained::

 

“Over the past few weeks our exploration program has begun branching out from our main Hammerdown gold deposit to test key targets along the 5 kilometre SW-NE geological trend to identify new sources of mineralization that could add value to Hammerdown Gold Project.

 

At the Orion deposit, located 1.5 kilometres SW of Hammerdown, recent drilling continues to define a wide zone of shallow mineralization amenable to open pit mining and a potentially new style of structurally controlled, high grade mineralization containing visible gold. We intend to follow up on these intersections with step out drilling to further evaluate these opportunities."

 

Conquest Resources Limited (TSXV:CQR) has expanded its land holdings in the Temagami Mining Camp near Sudbury in Northern Ontario, Canada, after the staking of 588 mining cells, encompassing approximately 93 sq km. According to the press release, the company “now controls over 220 sq km of underexplored territory, including the past producing Golden Rose Mine at Emerald Lake,” in the aforementioned Temagami Mining Camp

 

Grizzly Discoveries Inc. (TSXV:GZD) has closed a private placement, earning it gross proceeds of $230,300. According to the press release, the company “intends to use the proceeds from the Units for general working capital, and the proceeds from the Units and FT Units on exploration of its Greenwood and Robocop mineral projects in British Columbia.”

 

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

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.

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