#ExploringMining #Podcast Episode 165 – #Mining #Stock News from (TSXV: $FOR.V) (OTC: $FTBYF) (NYSE: $GOLD) (NYSE: $AG) (TSXV: $BEX.V)

 

#ExploringMining #Podcast Episode 165 – #Mining #Stock News from (TSXV: $FOR.V) (OTC: $FTBYF) (NYSE: $GOLD) (NYSE: $AG) (TSXV: $BEX.V)

 

Point Roberts WA, Delta BC, May 6, 2021 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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Read this in full at https://www.investorideas.com/news/2021/exploring-mining/05061FOR-GOLD-AG-BEX.asp

 

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Fortune Bay Corp. (TSXV:FOR) (OTC:FTBYF) has filed a Technical Report for the Goldfields property in northern Saskatchewan, Canada. Highlights from the mineral resource estimate include: Indicated Mineral Resources of 975,000 oz of gold (22.6 million tonnes at an average grade of 1.34 g/t), and Inferred Mineral Resources of 176,000 oz of gold (6.0 million tonnes at an average grade of 0.92 g/t).

 

Barrick Gold Corporation (NYSE:GOLD) has reported its results for the first quarter of 2021, indicating that all its Tier One gold mines delivered strong financial performances, and that “revenue from its copper mines rose by 31% due to higher copper prices.” CEO Mark Bristow said:

 

“The rise in the gold price has prompted a resurgence of the short-termism which has plagued the market, with some investors focusing on short-term gains rather than sustainable growth. But Barrick is building a business for the long term and our focus remains firmly on the future and on the creation and delivery of long-term value to our shareholders and all our other stakeholders.”

 

First Majestic Silver Corp. (NYSE:AG) has reported its financial results for the first quarter ended March 31, 2021. Highlights include revenue of $100.5 million, which is 17 percent higher than Q1 2020, and includes “a record $4.8 million from silver coins and bullion sales from the Company's online retail store.” Keith Neumeyer, First Majestic’s President and CEO, commented:

 

"Strong metal sales, robust silver prices and higher-than-normal premiums for coins and bullion generated healthy revenues, earnings and cash flows during the first quarter. Due to the high demand for physical coins and bullion, our online retail store generated $4.8 million in silver sales during the quarter, or approximately 5% of our $101 million in total quarterly revenues, representing a new record in its 13-year online history. Furthermore, due to the current demand, the Company is working with numerous mints and refiners to direct as much silver sales as it can through its online store as possible."

 

Benton Resources Inc. (TSXV:BEX) has, pending approval by the TSX Venture Exchange, optioned the Kepenkeck gold project from prospectors Kevin and Alan Keats in central Newfoundland, Canada. According to the press release, “the Company believes this represents a great addition to its gold portfolio and will immediately apply for exploration work permits including a detailed Magnetic and VLF airborne survey to be followed by prospecting and mapping.”

 

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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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#Mining #Stock News: FORTUNE BAY (TSXV: $FOR.V) ANNOUNCES FILING OF TECHNICAL REPORT FOR GOLDFIELDS PROPERTY; @fortunebaycorp

 

#Mining #Stock News: FORTUNE BAY (TSXV: $FOR.V) ANNOUNCES FILING OF TECHNICAL REPORT FOR GOLDFIELDS PROPERTY; @fortunebaycorp

 

HALIFAX, NS May 5, 2021 – (Investorideas.com Newswire) Fortune Bay Corp. (TSXV: FOR, Frankfurt:5QN) (“Fortune Bay” or the “Company”) today announces that it filed a Technical Report under Canadian Securities Administrators' National Instrument 43-101 Standard of Disclosure for Mineral Projects for the Goldfields property (“Goldfields”) located in northern Saskatchewan, Canada.  The Technical Report is titled "Technical Report: Resource Estimate for the Goldfields Project" with an effective date of May 4, 2021. The Technical Report was prepared by SRK Consulting (Canada) Inc. (“SRK”) and supports the new mineral resource estimate for Goldfields, which includes the Box and Athona gold deposits (see the Company’s news release dated March 22, 2021).

 

Read this news, featuring Fortune Bay in full at https://www.investorideas.com/CO/FOR/news/2021/05051Technical-Report.asp

 

Highlights for the new mineral resource estimate, as announced previously, includes:

·      Indicated Mineral Resources of 975,000 oz of gold (22.6 million tonnes at an average grade of 1.34 g/t);

·      Inferred Mineral Resources of 176,000 oz of gold (6.0 million tonnes at an average grade of 0.92 g/t);

·      Based on verified historical drilling data and new geological and mineralization models that incorporate structural controls on gold mineralization;

·      Reconciles to within 1% of historical mine production;

·      Indicated Mineral Resources comprise 85% of the estimate, with the remaining 15% classified at an Inferred level of confidence;

·      Confirms resource expansion opportunities at both the Box and Athona deposits, and resource upside through further infill and confirmatory drilling; and

·      Mineral resources are reported at a lower cut-off grade of 0.3 g/t and are constrained within a conceptual open-pit shell using a gold price of US$1600 per ounce. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

 

The Technical Report is available on the Company's website at www.fortunebaycorp.com and is, or will be, available under its profile on SEDAR at www.sedar.com. There are no material differences contained in the Technical Report from the information previously disclosed in the news release dated March 22, 2021.

 

Qualified Persons and Technical Report

The technical information contained in this news release has been reviewed and approved by Mr. Dale Verran, MSc, P.Geo, Pr.Sci.Nat., Fortune Bay’s Chief Executive Officer, who is also a Qualified Person in accordance with the requirements of NI 43-101.

 

About Goldfields

The 100% owned Goldfields Project is the Company’s most advanced asset located in northern Saskatchewan, approximately 13 kilometres from Uranium City. The Project is endowed with established infrastructure including existing roads, a powerline to site, and nearby facilities and an airport at Uranium City. The Project has a history of gold production (64,000 oz Au produced between 1939 to 1942), numerous exploration drilling campaigns and various historical mining studies (including a 2007 Feasibility Study for the Box deposit and a 2011 Pre-Feasibility for the Box and Athona deposits that were prepared in accordance with NI 43-101). The Box open-pit mine and mill development is permitted having received Ministerial approval under the Environmental Assessment Act in May 2008. The 10,300 hectare Goldfields property presents numerous exploration opportunities, including the potential to expand the Box and Athona deposits and discover additional resources at several other gold prospects and occurrences.

 

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR, Frankfurt: 5QN) is a gold-focused exploration and development company with 100% ownership in two advanced gold exploration projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company has a goal of building a mid-tier gold exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company’s website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

 

On behalf of Fortune Bay Corp.

 

”Dale Verran”

Chief Executive Officer

902-334-1919

 

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fortune Bay Corp. (“Fortune Bay” or the “Company”) cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, COVID-19 restrictions, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Fortune Bay Corp. (TSXV: FOR) is a featured Mining stock on Investorideas.com

 

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#ExploringMining #Podcast Episode 164 – #Mining #Stock News from (TSXV: $AUN.V) (OTC: $AUNFF) (NYSE: $IAG) (NYSE: $EXK) (TSXV: $GGO.V)

 

#ExploringMining #Podcast Episode 164 – #Mining #Stock News from (TSXV: $AUN.V) (OTC: $AUNFF) (NYSE: $IAG) (NYSE: $EXK) (TSXV: $GGO.V)         

 

Point Roberts WA, Delta BC, May 4, 2021 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/2021/050421-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2021/exploring-mining/05041AUN-IAG-EXK-GGO.asp

 

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Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF) has provided a construction update and a production outlook for the remainder of 2021 for its Revenue Virginius Mine, near Ouray, Colorado. Development highlights indicate that underground mine development is proceeding on schedule, ore development on 1800 level is on schedule to deliver initial ore to the processing plant in July, and the company anticipates that four stopes will be available by year end 2021 to supply the processing plant.

 

IAMGOLD Corporation (NYSE:IAG) has reported its consolidated financial and operating results for the first quarter ended March 31, 2021. Highlights include a gross profit for Q1 of $44.2 million, which is $12.3 million more than the prior year’s first quarter, and net earnings of $19.5 million, as opposed to the net loss of $34.4 million, recorded in the prior year’s first quarter. Gordon Stothart, President and CEO of IAMGOLD, commented:

 

“With the normalization of operations and continuous improvement, we expect to see improved production levels and costs over the balance of the year and to continue to steadily advance our development projects and pipeline."

 

Endeavour Silver Corp. (NYSE:EXK) has reported intersecting high grade silver-gold mineralization in its 2021 exploration drill program aimed at expanding the El Curso orebody at the Guanacevi Mine in Durango State, Mexico. According to the press release, the company “is currently producing from three orebodies at Guanacevi: Milache, El Curso and SCS.” Luis Castro, Endeavour’s Vice President of Exploration, said:

 

“Ultimately, we anticipate that Porvenir Cuatro, El Curso and Milache will all connect to form one continuous orebody over a 1,500 m length by 400 m vertical extent. This would make it comparable to the original Porvenir Norte orebody which supported production at Guanacevi for over 14 years. The future is looking bright for Guanacevi.”

 

Galleon Gold Corp. (TSXV:GGO) has entered into an agreement to sell its non-core Quebec properties to a private company, Quebec Aur Ltd. Quebec Aur has paid $250,000, according to the press release, to secure 100 percent ownership of the properties, which include East Bay, Destor and Nelligan. Galleon Gold’s President and CEO, David Russell, said:

 

"As we focus our efforts on the West Cache Gold Project in Timmins, we are very pleased to have reached an arrangement that will drive exploration on the Quebec properties. Our exposure to the upside through our equity interest in a newly formed Quebec based gold company ensures we will benefit from the development and growth of this company going forward."

 

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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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