#ExploringMining #Podcast Episode 94 – #Mining #Stocks News from (NYSE: $NEM) (NYSE: $IAG) (TSXV: $RDG.V) (TSXV: $AAX.V)
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Newmont Corporation (NYSE:NEM) has announced that the definitive agreement reached on April 22, 2020 between the Peñasquito mine and the San Juan de Cedros community has been ratified by the Cedros General Assembly. Newmont’s President and CEO, Tom Palmer, explained:
"Through the comprehensive application of Newmont’s sustainability practices at Peñasquito, we achieved a significant milestone with the formal ratification of the agreement that was reached earlier this year with the Cedros community. Together, with the water plan signed last year, we are pleased to bring months of negotiation with the Cedros community to a close and look forward to sustainably operating in this region for decades to come. It is only through patient and transparent community engagement, combined with strong government support, that we have been able to reach a lasting solution that is beneficial to all stakeholders."
IAMGOLD Corporation (NYSE:IAG) has announced remaining assay results from the completion of its 2020 exploration diamond drilling program on the Lac Gamble Zone at the Rouyn Gold Project in Quebec, Canada. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, said:
"Despite the infill drilling program being interrupted as a result of a suspension of activities due to the COVID-19 crisis, a significant part of the program was successfully completed and I commend the efforts of the exploration team who adapted to these unique circumstances. With the results from the program now in hand, we are working to update our deposit model to support a future initial resource estimate for the Lac Gamble zone. Drilling has also resumed at Astoria to assess the resource potential of this area."
Ridgeline Minerals Corp. (TSXV:RDG) has received final approval for its proposed drilling and exploration permit comprising 15 drill sites at the Swift Project in Lander County, Nevada. According to the press release, the company’s 2,000 metre Phase I drill program is scheduled to begin in early September. Ridgeline's President & CEO, Chad Peters, said:
“For years Swift was a historically underappreciated project in the middle of the Battle Mountain - Eureka Trend, a prolific mining district and host to some of the largest Nevada gold discoveries in recent history including the Fourmile and Goldrush deposits. In 1999, a drill hole at Swift intersected 16.8m @ 0.72 g/t gold ("Au"), 0.50 g/t silver ("Ag") in Lower Plate carbonate host rocks and never received follow-up drilling. Twenty-one years later, our team is excited to go back and test this highly prospective target with our Phase I drill program"
Advance Gold Corp. (TSXV:AAX) has provided an update on its current drilling at the Tabasquena silver mine in Zacatecas, Mexico. Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented:
"We are at an exciting juncture for the exploration of the Tabasquena project. Past geophysical work has identified a big geophysical anomaly, approximately 3500 metres horizontal, and at the point where it dips vertically, there is another 500 metres and the anomaly remains open. So far four holes have tested the anomaly and hit stacked layers of disseminated sulphides. This is typical of volcanogenic massive sulphide deposits (VMS) and we are now looking for the plumbing system for a VMS with drill hole AGT-16 currently underway. Additionally, to help us get a better 3D image of the northern end of the anomaly, we are adding a new IP geophysical grid. Based on the drilling and geophysics, the north end of the anomaly with the hinge and then vertical dip is the most likely source of the sulphides."
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