Exploring Mining Podcast – News from (NYSE: $KGC) (TSXV: $AMK.V) (TSXV: $TUD.V) (TSXV: $HIGH.V) (TSXV: $JAX.V)
Point Roberts WA, Delta BC, June 16, 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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Kinross Gold Corporation (NYSE:KGC) has reached an agreement in principle to enhance its partnership with the Government of Mauritania. Kinross President and CEO J. Paul Rollinson explained:
“We are pleased to see further development of a positive foreign investment climate in Mauritania with this successful outcome of our discussions with the Government, along with the IFC-led Tasiast project financing signed in December 2019. This balanced agreement will deliver increased stability, position Tasiast for long-term success, and provide enhanced benefits to Mauritania and its people.”
American Creek Resources Ltd. (TSXV:AMK) has sold its 40 percent interest in the Electrum Project joint venture to Tudor Gold Corp. (TSXV:TUD) for $250,000 cash and 1,400,000 Tudor common shares. American Creek CEO Darren Blaney said:
"We are please[ed] to be able to complete this transaction which gives the Company additional operating funds and more importantly, further increases the Company's exposure to the Treaty Creek JV Project. We are very much looking forward to the upcoming developments as the Tudor team is doing an outstanding job of advancing the Treaty Creek project in a major way".
HighGold Mining Inc. (TSXV:HIGH) has filed an independent Technical Report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects on its Alaska Johnson Tract Project. The Johnson Tract, located in south-central Alaska, is the company’s flagship asset, and “contains an Indicated Resource of 2.14 Mt grading 10.93 g/t gold equivalent (AuEq) for 750,000 ounces AuEq and an additional Inferred Resource of 0.58 Mt grading 7.16 g/t gold equivalent for 134,000 ounces AuEq.”
Jaxon Mining Inc. (TSXV:JAX) has announced Phase One of its 2020 field exploration program at its Hazelton Property in northwestern British Columbia. According to the press release, this phase “will focus on the quartz-tourmaline breccia associated copper porphyry systems at the Red Springs AOI and the recently consolidated Netalzul Mountain and Blunt Mountain AOIs.” Jaxon Mining Chairman and CEO, John King Burns, explained:
"The 2020 Phase One work program is designed to guide geologically informed drill targeting decisions at Red Springs and our other AOIs. The 2020 drilling program is planned as part of Phase Two, now scheduled for September and October. The impact on operations from both COVID-19 and the volatility in the capital markets continues to be profound. The challenges and risks of increasing the scale of exploration activities are extreme, even with the support of higher gold and copper prices. Jaxon is fortunate to be able to continue to advance and prepare several significant targets for drill testing at each of its AOIs. If COVID-19 and the markets allow, 2020-2021 will be an exciting time for Jaxon."
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