#ExploringMining #Podcast Episode 92 – #Mining #Stocks News from (NYSE American: $SILV) (NYSE: $CDE) (NYSE: $IAG) (TSXV: $DEC.V)
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SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has announced additional drill results for the Babi Vista Vein at its Las Chispas Property in Sonora, Mexico. The results pertain to 48 holes – combined with 76 previously announced holes making for a total of 124 holes – which demonstrate high-grade continuity and a developing high-grade zone. SilverCrest CEO Eric Fier commented:
“After a few months shutdown due to COVID-19, we restarted in late May with 8 drills focusing on in-fill and expansion of high-grade mineralization on the Babi Vista Vein. Drill results to date have been better than expected with 25 holes out of 124 holes showing grades greater than 2,500 gpt AgEq with good continuity. Since intercepting Babi Vista while driving the Santa Rosa decline, we have systematically drill tested this vein which, although narrow, is believed to be the most continuous with respect to multi-kilogram per tonne AgEq intercepts for a vein to date on the Property. We have only partially drill-tested a strike length of 800 metres of Babi Vista, which may have an overall length of approximately 2,000 metres based on historic surface workings along the projected strike of the vein. For the remaining part of the year, we plan to continue drilling with 8 to 12 drills on Babi Vista and Babicanora Vein northwest extension. We expect a steady flow of exploration drill results for the rest of the year.”
Coeur Mining, Inc. (NYSE:CDE) has provided an update on its 2020 exploration program, the largest in the company’s history. The following comments from Hans J. Rasmussen, Coeur’s Senior Vice President of Exploration, provide an outline of the highlights from the update:
"This has been a very exciting year for Coeur’s exploration programs and one of the best first halves of drilling results in the Company’s history. We have identified several prospective areas over the past few years to build our inventory of drill-ready targets. We significantly increased our investment in exploration to test these targets in 2020, seeking to provide stockholders with upside exposure to new potential discoveries and mine life extensions at our existing operations. We are now seeing results that validate our investment rationale, including the new C-Horst discovery in southern Nevada, which ties to our strategic objective of having a solid balance of near-, medium- and long-term, high-return organic growth opportunities. Importantly, over 70% of our exploration budget this year is focused on near-mine resource growth and new discoveries, with notable intercepts at each project we’ve drilled. These are the first steps in our efforts to add to our resource base and represent an opportunity for Coeur to meaningfully increase the size of its reserves over the next few years."
IAMGOLD Corporation (NYSE:IAG) has announced assay results from the 2020 drilling program completed at its Monster Lake joint venture project in Quebec, Canada. According to the press release, the project, on a 100 percent basis, hosts “a Mineral Resource comprising 1,109,700 tonnes of inferred resources averaging 12.14 grams of gold per tonne for 433,300 ounces of contained gold.” Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, said:
"The drilling program continues to intersect the targeted shear zones with further positive results from the Annie area. Our increasing understanding of the complex structural context has highlighted several discrete parallel shear zones hosting mineralization adjacent to the main known structural corridor. These results highlight the potential for the discovery of additional mineralized shoots along the Monster Lake structural corridor."
Decade Resources Ltd. (TSXV:DEC) has discovered a new zone just west of the LG vein at its Del Norte property. Called Eagles Nest, the new zone “consists of quartz veining with associated brecciation over widths that are up to 6 m,” according to the press release. Eagles Nest “has been traced for a minimum of 400m,” and the company “has sampled this new zone and samples are being shipped to the laboratory for analysis.”
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