Exploring Mining Podcast Episode 79 – News from (NYSE: $IAG) (TSXV: $WGO.V) (TSXV: $HIGH.V) (TSXV: $BNCH.V)
Point Roberts WA, Delta BC, June 30, 2019 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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IAMGOLD Corporation (NYSE:IAG) has received approval for its application for the Côté Gold Project in Ontario, Canada. Gordon Stothart, IAMGOLD President and CEO, explained:
"The transformative impact of Côté Gold on IAMGOLD's production profile and global cost structure, in addition to its long mine life in an attractive jurisdiction, establishes clear and compelling reasons for this Project to proceed. Our current financial position supports our proposed growth plans, with over $800 million in cash on hand, access to a currently undrawn $500 million committed revolving credit facility, and expected stronger operating cash flows from our current mining operations, including anticipated contributions from Saramacca at Rosebel and steady performance from Essakane and Westwood."
White Gold Corp. (TSXV:WGO) has started drilling on its Titan Project and has begun ground surveys on other high priority targets, initiating its fully funded 2020 exploration program on its extensive 420,000 hectare land package in the White Gold District, Yukon, Canada. White Gold CEO David D’Onofrio said:
“We are very excited to kick off our 2020 exploration program. The fully funded program is designed to be focused and impactful starting with drilling the Titan anomaly identified late last year and to follow up on some of our other highest priority projects. The quick and accurate delineation of these targets through our disciplined and systematic exploration methodologies is a testament to our scientific and data driven approach and provides additional confidence in the prospectivity of these and our other targets.”
HighGold Mining Inc. (TSXV:HIGH) has commenced resource expansion and definition drilling at its Lawyers gold-silver project in British Columbia, Canada. The company’s CEO, John Williamson, commented:
"The Company has embarked on the largest drill program in the Toodogonne region. The drill rigs have started at Cliff's with additional drilling to soon commence at the ABG Zone. In 2019 drilling encountered multiple new zones and large extensions across multiple areas at the heart of the property. Every zone still remains open in all directions and as such, we anticipate more new mineralization to be discovered with the drill".
Benchmark Metals Inc. (TSXV:BNCH) has started its 2020 drill program and exploration activities at its flagship Johnson Tract Gold Project in Alaska. The first phase of the program is aiming for 7,000 to 10,000 metres of diamond drilling on five target areas surrounding the Johnson Tract deposit. Benchmark President and CEO Darwin Green said:
"We are excited to launch on the first serious exploration drill program in 25 years at Johnson. HighGold's work in 2019 generated numerous quality drill targets within an 800-meter radius of the high-grade JT Deposit mineral resource, several of which will be drilled for the first time this year. Focus is on expanding the mineral resource base and discovering new zones of mineralization, with early emphasis given to the Northeast Offset target where limited drilling by previous operators identified what is believed to be the fault-displaced continuation of the deposit. Crews are on-site, COVID-19 mitigation plans are in place, and drills are in position and ready to commence coring."
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