Exploring Mining Podcast Episode 78 – News from (TSX: $LN.TO) (NYSE: $GOLD) (TSXV: $BNCH.V) (TSXV: $FRE.V) (CSE: $SLV.C)
Point Roberts WA, Delta BC, June 25, 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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Loncor Resources Inc. (TSX:LN) has announced that its 76.29 percent-owned subsidiary, Adumbi Mining SARL, has entered into a joint venture agreement with Barrick Gold Corporation (NYSE:GOLD) in the Democratic Republic of the Congo (DRC). Called “the New Barrick JV,” the agreement covers ground contiguous to Adumbi’s Imva area within the Ngayu gold belt in the northeast of the country, and allows Barrick to “manage and fund all exploration of the JV Permit properties until the completion of a pre-feasibility study.” Arnold Kondrat, CEO of Loncor, said:
“We are pleased to see Barrick’s confidence in the Ngayu gold belt continue to grow. This New Barrick JV further consolidates the control of the Ngayu gold belt by Loncor and Barrick as partners.”
Benchmark Metals Inc. (TSXV:BNCH) is commencing geophysical surveys at the Silver Pond porphyry target to “begin data acquisition and interpretation to better define drill targets on the highly-prospective zone for a new porphyry discovery.” The company’s CEO, John Williamson, commented:
"We have quickly and cost effectively advanced the Silver Pond porphyry target from a conceptual nature to demonstrating it has key characteristics of lithocaps found above porphyry systems. The 3D IP and magnetic geophysical surveys will be invaluable for interpreting the subsurface expression of this large alteration zone and outline potential mineralized domains and future drill targets".
Fremont Gold Ltd. (TSXV:FRE) has started Phase 1 drilling at the past-producing Griffon gold project in Nevada. The Phase 1 drilling program comprises 10 of 20 permitted drill sites at the property. Blaine Monaghan, CEO of Fremont, said:
"Griffon is an underexplored Carlin-type gold system that hasn't been drilled since the 1990s. Most of the historic drill holes were concentrated around the two pit areas and did not exceed 100 metres in depth. Recent exploration has identified many prospective targets, which leads us to believe that Griffon has excellent potential to host one or more large gold systems."
Silver Dollar Resources Inc. (CSE:SLV) has commenced fieldwork on the Longlegged Lake property in northwestern Ontario, Canada. This follows the company’s completion of “a heliborne high-resolution magnetic (MAG) survey on the Property in the spring of 2019 that identified dominant northeast-southwest MAG lineaments interpreted to be the deep-seated crustal scale PLFZ.” The press release indicates that the property “is fully permitted for exploration and drilling.”
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