#CryptoCorner #Podcast 686: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGS: $HUT) (NasdaqGS: $EBON)

 

 

 

#CryptoCorner #Podcast 686: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGS: $HUT) (NasdaqGS: $EBON)

 

Marathon and Hut 8 Publish September Updates, and Ebang International Announces Six Month Financial Results

 

Point Roberts, WA, Delta BC October 4, 2021 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

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https://www.investorideas.com/Audio/Podcasts/2021/100421-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/10041MARA-HUT-EBON.asp

 

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Stocks discussed: (NasdaqCM:MARA) (NasdaqGS:HUT) (NasdaqGS:EBON)

 

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published unaudited bitcoin (BTC) production and miner installation updates for the month of September 2021. Highlights include third quarter production of 1,252.4 newly-minted bitcoins – an increase of 91 percent quarter-over-quarter, and the production of 340.6 newly-minted bitcoins during September alone. The company also announced a new $100 million revolving line of credit (RLOC) with Silvergate Bank. CEO Fred Thiel explained:

 

“Due to Marathon’s positive track record, our growth trajectory, our position as one of the largest holders of bitcoin among publicly traded companies in the U.S., and the broader maturation of our industry, we were able to obtain a $100 million revolving line of credit with Silvergate Bank, which is secured by our bitcoin holdings and USD. This instrument is consistent with our strategy to focus on agility as it enhances our ability to act opportunistically and in a manner that is efficient for both our business and our shareholders. By having this line of credit in place, we believe Marathon is better positioned to continue growing over the coming quarters.”

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has shared its own corporate update featuring production highlights for the month of September 2021. During the month, the company mined 264 bitcoins – with an average production rate of 9.11 bitcoins per day, and received and installed “600 servers consisting of 2400 NVIDIA cryptocurrency mining processors ("CMPs") graphics processing unit ("GPUs"), resulting in a daily earning of 7.10 ETH, equivalent to 0.5 BTC/day totaling $25,000 CAD in income per day.” Hut 8’s CTO, Jason Zaluski, commented:

 

"Our current capacity of deployed CMP GPU miners will continue to earn $25,000 CAD per day, ramping up to the full capacity earnings over this period, which is expected to be at $110,000 CAD per day, based upon current mining economics. Hut 8's full CMP deployment has been hampered by the supply chain constraints and manufacturing shortages many industries are experiencing globally," said Jason Zaluski, Chief Technology Officer, Hut 8 Mining. "We continue to work with our technology partners and we anticipate this issue to be resolved early in Q4."

 

Ebang International Holdings Inc. (NasdaqGS:EBON) has announced its unaudited financial results for the first six months of fiscal year 2021. The company, which manufactures Bitcoin miners and designs ASIC chips, recorded net revenues of $18.30 million – up 65.69 percent period-over-period from 2020, and a gross profit of $5.64 million. Dong Hu, Ebang’s Chairman and CEO, outlined some of the company’s plans moving forward:

 

“To achieve long-term stable growth, the company plans to vigorously develop financial technology (FinTech) business, while steadily carrying out research and development as well as sales business of mining machines of Bitcoin and other cryptocurrencies such as Litecoin [LTC] and Dogecoin [DOGE]. The Company plans to gradually launch software-as-a-service (SaaS) businesses on some of its platforms, aiming to provide a full set of FinTech solutions to industry players who lack technical support and security.”

 

Sam Mowers, Investorideas

 

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#Metals/ #GreenEnergy #Stock News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) to Mobilize Second Drill to Wicheeda Rare Earth Element Project; @DefenseMetals

#Metals/ #GreenEnergy #Stock News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) to Mobilize Second Drill to Wicheeda Rare Earth Element Project; @DefenseMetals 

 

Vancouver, British Columbia – October 4, 2021: Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased announce plans for the mobilization of a second diamond drill to expedite its ongoing Wicheeda Rare Earth Element (REE) deposit resource expansion and delineation diamond drill program.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/10041DEFN-Second-Drill-Wicheeda.asp

 

Defense Metals is currently advancing the road accessible Wicheeda Critical Rare Earth Element (REE) Property, which is located close to infrastructure approximately 80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO[1].

 

Drilling to date at Wicheeda has been progressing rapidly with over 1,500 metres in eight diamond drill holes completed to date since commencement of the drill campaign less than four weeks ago. Rig #1 is expected to continue drilling on the north end of the Wicheeda REE Deposit, while Rig #2 is expected to commence coring a series of infill holes within the central deposit area by mid-week (Figure 1).  

 

Craig Taylor, CEO of Defense Metals, stated: “We are extremely pleased to have secured a second diamond drill to expedite completion of our Wicheeda REE Deposit resource expansion and delineation program. With this additional drilling capacity, we expect to be well positioned to deliver on our 2021 exploration goals. Based on contractor negotiations, we expect the second drill rig to  be in a positioned to commence coring by the mid-week.”

 

About the Wicheeda REE Property

The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

 

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

 

Figure 1. 2021 Wicheeda REE Deposit 2021 Drill Plan

 

Qualified Person

 

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.  

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

 

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the completion of drilling and the expected timelines, results and outcomes, plans for its Wicheeda Property, the advancement and development of the Wicheeda Property, the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and development and cost estimates and the potential for unexpected costs and expenses and including those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring Defense Metals Corp. is a paid for service  on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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[1] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo.) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

#Colombian #Gold #Stock News: O2GOLD (TSXV: $OTGO.V) INTERCEPTS THE MAIN AURORA VEIN AT UP TO 19 g/t au, INCREASES PROVEN VEIN DEPTH AND UPDATES EXPLORATION FROM BROWNFIELDS; @otgo_v

#Colombian #Gold #Stock News: O2GOLD (TSXV: $OTGO.V) INTERCEPTS THE MAIN AURORA VEIN AT UP TO 19 g/t au, INCREASES PROVEN VEIN DEPTH AND UPDATES EXPLORATION FROM BROWNFIELDS; @otgo_v

 

Toronto, Ontario – October 4, 2021 – (Investorideas.com Newswire) O2Gold Inc. ("O2Gold" or the "Company") (TSXV:OTGO) (FRA: 6210.F) is pleased to announce that the latest results from its ongoing drill program confirm the mineralized system of the main Aurora vein located at its property in Colombia at depth.

 

Read this news, featuring OTGO in full at https://www.investorideas.com/CO/OTGO/news/2021/10041Colombia-Main-Aurora-Vein.asp

 

Highlights

 

·         AUR-21-002, located 100 meters north of hole AUR-21-001, intercepted the main Aurora vein and showed the following results: 0.7m @ 19.26 g/t Au and 10.5 g/t Ag from 23.10m to 23.80m.

·         The gold-silver intercept of hole AUR-21-003 was between 159.20 to 163.20 meters, equaling 2 meters of true thickness.

·         The Company’s drill program is soon expected to expand to its nearby brownfields of Aparecida and Quintanillo, where ongoing exploration work has identified at least 9 separate veins, one with a projected extension of 1.2km.

 

Drilling

Holes AUR-21-002 and AUR-21-003 both targeted the main Aurora vein. The intercept from AUR-21-002, which was 18m from the surface, confirms the high-grade gold result seen in the Company’s first drill hole. Figure 1 shows the mineralized interval with portions of quartz veins intercalated in mylonitic and porphyroblastic rocks altered by weathering.

 

Figure 1: Hole AUR-21-002 with 0.70 meters @ 19.26 g/t Au and 10.5 g/t Ag from 23.10 to 23.80 meters.

 

AUR-21-003 intercepted approximately 150 meters from the surface. The intercept was between 159.20 to 163.20 meters, totaling 4.00 meters of apparent thickness, with weighted average grades of 0.71 g/t Au and 5.09 g/t Ag. The richest interval occurs between 159.20 and 160.40 meters, totaling 1.20 meters of apparent thickness and grades of 1.71 g/t Au and 14.20 g/t Ag.

 

The intercepted interval confirms the mineralization seen in holes AUR-21-001 and AUR-21-002 and shows the extent of the vein at the projected down dip. Figure 2 shows in sections the main results of holes AUR-21-001 and AUR-21-003, as well as hole AUR-21-002.

 

Figure 2:  Top, Relative locations and depths of holes AUR-21-001 and AUR-21-003 (Section 01-C). Bottom, Location and trajectory of hole AUR-21-002 (Section 01-D).

 

Following the Company’s report of an intercept with 20.11 g/t Au (for more information, please see the Company’s press release dated September 20, 2021), these results show that more drilling is needed to understand average values for the main Aurora vein’s width and grade. When the Aurora mine begins small-scale production, a large volume sample will be important for this definition and additional forthcoming drill results are expected to reveal its minimum extension.

 

Exploration of Aparecida, Quintanillo, and Botella

In addition to the five indicated or observed veins near the Aurora tunnel, the Company’s ongoing rock channel sampling, geophysics, and mapping of the other brownfield targets has yielded many more areas of interest that need to be confirmed with drilling. In Aparecida, five veins have been indicated, with average projected extensions of at least 300m. The anastomosed pattern is characterized by the opening and closing of the mineralized structures. Aparecida’s Fortaleza vein has a projected extension of at least 400m, and rock channel sampling returned maximum values of 42.3 g/t Au and 49.6 g/t Ag (for more information, please see the Company’s press release dated July 06, 2021).

 

In Quintanillo, which is directly south of the Aurora area, four distinct veins have been indicated, with the primary vein projected to have an extension of at least 1.2km.

 

Finally, in Botella, five distinct veins have been observed or indicated, with an average projected extension of at least 200m. The Esmeralda vein has an observed width of 1m, and several rock channel samples showed grades of more than 30 g/t Au (for more information, please see the Company’s press release dated July 06, 2021).

 

Quality Assurance and Quality Control

All samples were shipped to SGS Colombia S.A.S. (“SGS”)’s lab facility in Medellin, Colombia, where they were prepared and analyzed. They were analyzed using SGS procedure FAA515 to gold (fire-assay on a 50-gram sample with AAS finish) and AAS12C to silver (multi-acid digestion with AAS finish). Over the limit gold was determined by SGS procedure FAG505 (using standard fire-assay on a 50-gram sample with a gravimetric finish).

 

In line with QAQC best practices, approximately 10% of a 78-sample batch are control samples (three Au-Ag standards: High/Medium/Low grades, two fine blanks, one project blank, and two field duplicates).

 

SGS is independent of O2Gold. The Company is not aware of any other factors that could materially affect the accuracy or reliability of the data referred to herein.

 

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Marcelo Albuquerque, MAIG, a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

 

About O2Gold

O2Gold is a mineral exploration company with activities in Colombia. The Company’s contiguous 30,000-ha land package includes several brownfields and largely under-explored greenfields.

 

For additional information, please contact:

 

Jaime Lalinde, President and CEO

Phone: (57) 312 350 5864

Email: jlalinde@fmresources.ca

 

Cautionary Notes

Management is not basing the Company’s production decision at the Aurora mine on a feasibility study of mineral reserves demonstrating economic and technical viability; as a result, there may be increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, which include increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that anticipated production costs will be achieved. Failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability. Readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.

 

The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on the properties and it is uncertain if further exploration will result in any target being delineated as a mineral resource.

 

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s business and operations and its planned work and exploration activities, particularly the forthcoming drill results at its Aurora property. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

 

O2Gold is a featured Mining stock on Investorideas.com

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. O2Gold Inc. (OTGO.V) is a featured mining company on InvestorIdeas. Please read our full disclaimer and disclosure regarding specific compensation More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp  Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

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Cryptocurrency stock news - Metrospaces (OTC: $MSPC) Appoints Alejandro Laplana to Board of Directors

NEW YORK, NY -- Cryptocurrency stock news from Investorideas.com Newswire Metrospaces, Inc. (OTC: MSPC), a PropTech company powered by Shokworks, has appointed Alejandro Laplana, founder and CEO of Shokworks, to its Board of Directors. Laplana also serves as Chief Technology Officer for Metrospaces.

Laplana’s technology company Shokworks has developed more than 150 digital platforms for some of the world’s leading brands, sports teams and broadcasters. Laplana, 32, has directly generated more than $150 million co-investing with clients to develop projects with brands such as Immersity, Cryptobucks, Rivals, Kinesis Money and more. Previously, he was managing principal of Nesting Partners LLC, a patent-focused venture capital firm. In 2016, he advised his native Venezuela on intellectual property strategy.

“I am deeply honored by this appointment. There is much work ahead, but we feel up to the challenge,” Laplana said. “Bringing efficiency gains to the real estate market, and democratizing access to real estate investments is a mission we wholeheartedly believe in.”

Metrospaces regularly evaluates its Board of Directors’ composition to ensure it includes the appropriate skills, experience and perspective necessary to drive growth for all Metrospaces shareholders.

“We’ve found our partnership with Shokworks to be extremely successful and have been wowed by Alejandro’s expertise and leadership as CTO of our company,” Metrospaces CEO Oscar Brito said. “It was a natural fit for him to join our Board of Directors.”

 

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

Metrospaces Inc.

 

Contacts:

                       

Sara Burgos, sburgos@sunwestpr.com, (469) 221-1820

 

 

 Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring MSPC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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