Point Roberts, WA and Delta, BC - January 30, 2020 (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.
Listen to the podcast:Exploring #Mining #Podcast: News from (NYSE: SA) (NYSE: GORO) (NYSE: EXK) (TSXV: DAU) (TSXV: OS)
Seabridge Gold, Inc. (NYSE:SA) has committed to expanding its environmental responsibilities in response to pressures on the industry, so as to maintain "the social licence to build and operate mining projects in Canada." The company's Chairman and CEO Rudi Fronk explained:
"A decade ago, the emphasis in our industry was on being successful with environmental permitting. Now, the mandate in this area is much larger and we are recognizing this fact by appointing Brent Murphy as Senior Vice President of Environmental Affairs. Reporting to him will be Elizabeth Fillatre Miller who assumes the new position of Vice President of Environment and Social Responsibility. Jessy Chaplin takes on the job of Director of Permitting and Compliance. Our aim is to continue to be a leader in our responsiveness to the environmental and the social needs of our Indigenous partners and stakeholders."
Following this news release yesterday, Seabridge's stock climbed from a trading price of around $13.60 per share to a peak of $14.07 but has since cooled off a bit and is trading for $13.93 at press time. Gold itself is valued at $1,582 per ounce presently, according to data from Kitco.
Gold Resource Corporation (NYSE American:GORO) has announced multiple ore grade intercepts from its maiden drill program at the Scarlet target located 400 meters north west of its operating Isabella Pearl mine in Mineral County, Nevada. This includes 24.38 meters grading 1.03 grams per tonne (g/t) gold residing 1.52 meters from the surface. Jason Reid, President and CEO of Gold Resource Corporation, commented:
"This maiden drill program at Scarlet has returned some very exciting near surface high-grade drill results, which could represent our next deposit discovered on the Isabella Pearl Project's substantial mineralized trend. There are numerous additional targets on this trend increasing our chances of finding several more open pit heap leach deposits like our Isabella Pearl mine. We plan to be a long-term gold producer from this unique portion of the Walker Lane Mineral Belt and believe we have secured the best land packages to succeed in finding additional gold deposits at all four of our Nevada Mining Unit properties."
Gold Resource Corporation stock grew from around $4.95 to a peak of $5.50 following this news release.
Endeavour Silver Corp. (NYSE:EXK) has updated Mineral Reserve and Resource Estimates for its three operating silver-gold mines in Mexico: Guanacevi in Durango state, Bolanitos in Guanajuato state and El Compas in Zacatecas state, as well as two of its key exploration and development projects. Bradford Cooke, CEO of Endeavour, explained:
"Our exploration programs were successful last year in outlining new brownfields discoveries at three of our mines and projects in Mexico. We expanded the measured and indicated resources at Guanacevi and Parral and increased inferred resources at Guanacevi, Bolanitos and Parral. Our reserves declined at Guanacevi but increased at Bolanitos and El Compas."
The impact of this news release is, thus far, indiscernible on the trading price of Endeavour stock, as it has more or less remained constant over the past few days. However, the price of Silver, which was in a valley when this news dropped yesterday, appears to be recovering slightly and is valued at around $17.97 per ounce at press time.
Desert Gold Ventures Inc. (TSXV:DAU) has completed a 74-hole drill program, totalling 3,507 metres drilled, over its SMSZ (Senegal Mali Shear Zone) Project in Western Mali. Jared Scharf, Desert Gold's CEO, commented:
"Ongoing exploration is increasing the number of target areas proximal to the Senegal Mali Shear Zone where it appears that the regional geological environment is right for the potential discovery of a large gold deposit. I look forward to publishing results from the recently completed drill program as soon as possible and continuing immediately thereafter with additional drilling over some of the most prospective targets on this regional scale gold project."
Desert Gold Ventures stock is up 7 percent at press time.
Osprey Gold Development Ltd. (TSXV:OS) has revealed assay results from the first three holes of its 13 hole, 2,003 metre drill program at its Goldenville Property, in Guysborough County, Nova Scotia. According to the press release, "All three holes returned elevated gold values, including hole G19-18 which returned 2.0 m of 269.15 grams per ton gold. The company's President, Cooper Quinn, commented:
"We're very pleased with these initial results from the drill program at Goldenville. Twenty-four percent of samples in holes G19-16 and G19-17 returned over 0.1 g/t Au, indicating continued potential for disseminated mineralization on the property, especially in this area along the south limb of the main structure - this is the style of mineralization we were targeting with these holes. The spectacular high grade results we see in hole G19-18, near the Stuart shaft show how even near the most significant areas of mining in Nova Scotia, abundant gold remains in the near surface environment. Narrow, high grade gold mineralization is not the focus of Osprey's programs, however they remain an important part of the story in the Meguma Terrane both for the historical mining, and in a modern context. We're looking forward to additional results from holes working to expand our existing resource at Goldenville, and as well from the five holes drilled at Mitchell Lake, where we drilled disseminated gold mineralization in 2017."
Osprey Gold Development stock is up a staggering 90 percent today.
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