Point Roberts, WA and Delta, BC – December 28, 2021 (Investorideas.com Newswire) 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.
Listen to the podcast:
Exploring Mining Podcast 233 – (TSXV: OTGO) (TSXV: AUN) (OTC: AUNFF) (NYSEAmerican: MAG) (OTC: FNLPF) (TSXV: DAU) (OTC: NGLD)
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Aurcana Silver Corporation (
TSXV:AUN
) (
OTC:AUNFF
) has
shipped
its first concentrate production from its wholly owned Revenue-Virginius Mine, located in Ouray, Colorado, USA. An excerpt from the press release reads:
Although the delays in specific underground development projects has meant the mine has been slower to get to full production than originally planned, a number of very important milestones have been achieved for the Revenue-Virginius Mine restart. First, the grade on the 1800 level based on assay results from samples taken from development advance shows the grade is as expected or better when compared against the geological model. The Company expects to be incorporating these assay results into future resource work. Second, the mine has proved the resue mining method works well for this ore-body in both dilution and geotechnical control features. And third, the processing facility has demonstrated that it can perform when given suitable ore feed to run at design rates and make sellable concentrates.
Fresnillo plc (
OTC:FNLPF
) and MAG Silver Corp. (
NYSEAmerican:MAG
) have
provided
a commissioning update on the Juanicipio Project (owned 56 percent / 44 percent by Fresnillo and MAG Silver, respectively). However, Mexico’s state-owned electrical company, the CFE, “has just notified Fresnillo, the Juanicipio Project operator, that approval to complete the tie-in to the national power grid cannot yet be granted and the mill commissioning timeline will therefore be extended by approximately six months.” George Paspalas, President and CEO of MAG Silver, said:
“We are very fortunate to be able to process mineralized material from Juanicipio through the excess capacity available at the Minera Fresnillo and Minera Saucito plants, which should minimize the economic impact of the electrical connection timing. The Juanicipio Project team has managed through stringent COVID-19 protocols to make the process plant effectively ready for start-up. However, approvals for the electrical connection for the Project have been affected by governmental COVID-19 restrictions that have severely limited the CFE in carrying out their reviews and final sign-off. We look forward to the CFE resuming normal activities, so we can flip the switch on our plant!”
Desert Gold Ventures Inc. (
TSXV:DAU
) has
commenced
a follow-up drill program that will test the strike extent of the new Gourbassi West North gold discovery in its earlier 2021 drill program. Jared Scharf, the company’s President and CEO, said:
“After being chased out by the rains last season and only being able to complete one fence of drilling on this target, we are very pleased to be back drilling again so soon. This target is an exciting one as it appears to be the widest gold zone we’ve seen anywhere on the property package. This initial program should wrap up quickly with results released as soon as they are available.”
Nevada Canyon Gold Corp. (
OTC:NGLD
) has
entered
into an Exploration Lease with Option to Purchase Agreement on the Swales Property, in the Swales Mountain Mining District in Elko County, Nevada. According to the press release, the Property comprises “40 unpatented mining claims with a combined area of 800 acres,” and “is located within the Carlin Trend, one of the richest mining districts in the world.”
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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