Investor Ideas, Trading Ideas and Stocks to Watch : #ExploringMining #Podcast 324 - News from (TSXV: $NIM.V) (CSE: $AFX.C) (TSXV: $PA.V) (TSXV: $GLD.V)

Monday, January 30, 2023

#ExploringMining #Podcast 324 - News from (TSXV: $NIM.V) (CSE: $AFX.C) (TSXV: $PA.V) (TSXV: $GLD.V)

#ExploringMining #Podcast 324 - News from (TSXV: $NIM.V) (CSE: $AFX.C) (TSXV: $PA.V) (TSXV: $GLD.V)

Vancouver, Kelowna, Delta, BC, January 30, 2023 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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https://www.investorideas.com/Audio/Podcasts/2023/013023-Mining.mp3

Read this in full at https://www.investorideas.com/news/2023/exploring-mining/01301NIM-AFX-PA-GLD.asp

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Nicola Mining Inc. (TSXV:NIM) has announced that it is completing final preparations to commence operations, specifically gold production, in Q1 of 2023. Moreover, the company expects to receive final results from its 2022 soil sampling program at New Craigmont Property. Peter Espig, CEO of Nicola, said:

"We are very excited to re-commence gold production and to utilize operational cash flow towards funding exploration on New Craigmont, which we consider to be our flagship asset. The 2023 Exploration Program will extend to known, but never-before-drilled, locations on the Property that we can now explore since having received the multi-year area-based exploration permit, Permit Number MX-4-697, on November 3, 2022."

Arctic Fox Ventures Inc. (CSE:AFX) has entered into a Definitive Agreement with Pipeline Capital Corp. to acquire 37 active mineral claims located in the James Bay region of Quebec, Canada. Known as the Kana Lake Lithium project, it comprises 2,100 hectares of land. Harry Chew, the company’s President and CEO, said:

"I am very pleased that we are able to close on the acquisition of what we view to be a very prospective lithium property in the James Bay region of Quebec.”

Palamina Corp. (TSXV:PA) has completed its second field program in the Sol de Oro Zone (SDO) at the Usicayos Gold Project in December 2022. Andrew Thomson, the company’s President, explained:

"Palamina's second sampling campaign in the SDO Zone was designed to test the continuity of gold mineralization at surface across the 4 main gold zones. At SDO North informal miners have excavated short adits into the hillside and dug out small pits targeting two gently-dipping structures where channel samples have returned assays values grading up to 5.1 g/t Au over 4.0 m at surface and 15.4 g/t Au over 2.7 m from the underground workings. On the opposite side of the flower structure, at the SDO South zone, channel sampling returned a broader zone of 3.4 g/t Au over 14.0 m at surface and 23.0 g/t Au over 0.7 m underground. Further systematic underground sampling and mapping is planned in the SDO North zone to further refine the geological model with a particular focus on the structural controls prior to drilling.”

GoldON Resources Ltd. (TSXV:GLD) has commenced drilling at its 100 percent-owned McDonough gold property near the town of Red Lake, Ontario, Canada. According to the press release, the drill program “will initially consist of 8 holes totaling 1,200 metres targeting coincident gold-in-soil with IP chargeability anomalies and other Priority 1 stand-alone IP chargeability anomalies.” Mike Romanik, President of GoldON, said:

"We've taken a systematic exploration approach to the McDonough property and developed prime drill targets. The setting is ideal for gold mineralization, and it's time to find out what's hidden beneath the veneer of overburden."

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