#ExploringMining #Podcast Episode 87 – #Mining #Stocks News from (NYSE: $RIO) (NYSE American: $GSS) (TSXV: $PERU.V) (TSXV: $SOCK.V)
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Rio Tinto Group (NYSE:RIO) has revealed the maiden Inferred Mineral Resource at its 100 percent-owned Winu copper-gold project and has also revealed the discovery of a new zone of gold dominant mineralisation near the Winu deposit, located in the Paterson Province of Western Australia. According to the press release, “the Inferred Mineral Resource, reported at a 0.2% copper equivalent cutoff, is 503Mt at 0.45% copper equivalent (CuEq). This includes a higher grade component of 188Mt at 0.68% CuEq at a cutoff grade of 0.45% CuEq.” Rio Tinto group executive of Growth & Innovation and Health, Safety & Environment (HSE) Stephen McIntosh, commented:
"We’re taking a more agile and innovative approach at Winu, and are working on the studies for a small-scale, start-up operation focused on Winu’s higher-grade core as we take another step towards commercialising this deposit. We are also assessing options for future expansion in the Paterson region given the extent of mineralisation identified to date and our large land package."
Golden Star Resources Ltd. (NYSE American:GSS) has entered into a binding agreement to sell its 90 percent interest in the Bogoso-Prestea Gold Mine in Ghana to Future Global Resources Limited (FGR) for a purchase price of up to $95 million. Golden Star’s President and CEO, Andrew Wray, said:
"We are pleased to announce the sale agreement for Bogoso-Prestea as this brings fresh focus and investment capacity to the asset, while enabling us to concentrate our financial and technical resources on accelerating the delivery of value from Wassa as it continues to develop into a large-scale, long-life and cash generative underground mine.”
Chakana Copper Corp. (TSXV:PERU) expects to commence its fully-funded 15,000m drill program at the expanded Soledad Project in Peru on August 15, 2020. David Kelley, Chakana’s President and CEO, said:
"Our team is very excited to restart drilling at Soledad where surface and trench samples in this newly permitted area have given us several very impressive gold-rich targets. The work program will also include surface channel sampling of multiple breccia pipes that are expected to be included in an initial resource estimate. We will provide further detailed information on targets once the field program and drilling are underway. As we commence this phase of field work, we would like to reassure all stakeholders that we have a full COVID-19 protocol in place and are working with the local authorities to ensure that all of our employees and communities are safe.”
Smooth Rock Ventures Corp. (TSXV:SOCK) has completed its Option To Purchase Agreement on the Palmetto Project, which “consists of 79 unpatented mining claims totalling 1600 acres located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend.” The Palmetto property has had “significant exploration work completed to date,” by several companies, and according to the press release “173 drill holes totaling 43,940 meters have been completed on several targets within the Project,” to date.
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