#ExploringMining #Mining #Stocks #Podcast Episode 80 – News from (NYSE: $GOLD) (TSXV: $CDB.V) (TSXV: $DAU.V) (TSXV: $COR.V)
Point Roberts WA, Delta BC, July 2, 2020 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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Barrick Gold Corporation (NYSE:GOLD) has announced that Nevada Gold Mines (NGM), which it operates and owns 61.5 percent of, “has posted an exceptional performance in its first 12 months of operation.” NGM met its production and cost targets despite difficulties presented by COVID-19-related restriction, after having merged “into a unified complex under a new leadership team.” Barrick Gold’s President and CEO Mark Bristow commented:
“By removing the fences that had previously separated geologically connected assets, mines and projects that clearly belonged together could be combined into larger and more efficient operations, with substantial savings as an immediate benefit. Even more important, this merger has created a platform from where we can see a bright new future for NGM as the leader of its industry in every respect: truly a case of the best assets and the best people delivering the best returns.”
Cordoba Minerals Corp. (TSXV:CDB) has completed the acquisition of a 100 percent interest in the Alacran Copper-Gold-Silver Deposit in the Department of Cordoba, Colombia. With this recent acquisition, Cordoba now boasts a 100 percent ownership of the entire San Matias District. A press release from Monday (June 29) quotes Eric Finlayson, President and CEO of Cordoba:
“We look forward to completing pre-feasibility studies for mine development at Alacran and continuing the search for the concealed porphyry systems responsible for mineralization in the area."
Desert Gold Ventures Inc. (TSXV:DAU) has acquired the rights to a 95 percent interest in the 16 km2 Sola West concession, filling a gap in its Senegal Mali Shear Zone project. Desert Gold's CEO Jared Scharf said:
"We're very pleased with the continued expansion of our SMSZ Project. Filling gaps like Sola West are important given the fact that the mineralized systems both to the northeast and southwest, along strike, likely continue onto the Sola West property package. The presence of significant artisanal mining and strong gold-in-soil anomalies further augment the perspectivity of Sola West. Weather and time permitting, we plan to drill test some of these targets during our current drill program.”
Camino Minerals Corporation (TSXV:COR) has acquired 100 percent ownership interest in the Los Chapitos copper discovery in Peru, through the completion of the exercise of its option agreement with Minas Andinas SA on the Los Chapitos property. Jay Chmelauskas, the company’s President & CEO, explained:
"Our Los Chapitos property is a new discovery in the copper sector that gained recognition during the first exploration drill campaign initiated in 2017 and 2018. Camino has since advanced its systematic exploration at Chapitos with geochemistry mapping, geophysics and permitting, leading us to our next drill campaign planned for September. Drilling will be focussed on expansion of known mantos and the discovery of potentially new copper mantos. New copper discoveries are needed to shore up the supply demand dislocation between depleting mine supply and new copper demand from an electrifying global economy. We believe that the Los Chapitos discovery has the potential to host a significant copper deposit, and Camino has now secured 100% ownership."
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