Wednesday, May 05, 2021

#Mining #Stock News: FORTUNE BAY (TSXV: $FOR.V) ANNOUNCES FILING OF TECHNICAL REPORT FOR GOLDFIELDS PROPERTY; @fortunebaycorp

 


#Mining #Stock News: FORTUNE BAY (TSXV: $FOR.V) ANNOUNCES FILING OF TECHNICAL REPORT FOR GOLDFIELDS PROPERTY; @fortunebaycorp

 

HALIFAX, NS May 5, 2021 – (Investorideas.com Newswire) Fortune Bay Corp. (TSXV: FOR, Frankfurt:5QN) (“Fortune Bay” or the “Company”) today announces that it filed a Technical Report under Canadian Securities Administrators' National Instrument 43-101 Standard of Disclosure for Mineral Projects for the Goldfields property (“Goldfields”) located in northern Saskatchewan, Canada.  The Technical Report is titled "Technical Report: Resource Estimate for the Goldfields Project" with an effective date of May 4, 2021. The Technical Report was prepared by SRK Consulting (Canada) Inc. (“SRK”) and supports the new mineral resource estimate for Goldfields, which includes the Box and Athona gold deposits (see the Company’s news release dated March 22, 2021).

 

Read this news, featuring Fortune Bay in full at https://www.investorideas.com/CO/FOR/news/2021/05051Technical-Report.asp

 

Highlights for the new mineral resource estimate, as announced previously, includes:

·      Indicated Mineral Resources of 975,000 oz of gold (22.6 million tonnes at an average grade of 1.34 g/t);

·      Inferred Mineral Resources of 176,000 oz of gold (6.0 million tonnes at an average grade of 0.92 g/t);

·      Based on verified historical drilling data and new geological and mineralization models that incorporate structural controls on gold mineralization;

·      Reconciles to within 1% of historical mine production;

·      Indicated Mineral Resources comprise 85% of the estimate, with the remaining 15% classified at an Inferred level of confidence;

·      Confirms resource expansion opportunities at both the Box and Athona deposits, and resource upside through further infill and confirmatory drilling; and

·      Mineral resources are reported at a lower cut-off grade of 0.3 g/t and are constrained within a conceptual open-pit shell using a gold price of US$1600 per ounce. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

 

The Technical Report is available on the Company's website at www.fortunebaycorp.com and is, or will be, available under its profile on SEDAR at www.sedar.com. There are no material differences contained in the Technical Report from the information previously disclosed in the news release dated March 22, 2021.

 

Qualified Persons and Technical Report

The technical information contained in this news release has been reviewed and approved by Mr. Dale Verran, MSc, P.Geo, Pr.Sci.Nat., Fortune Bay’s Chief Executive Officer, who is also a Qualified Person in accordance with the requirements of NI 43-101.

 

About Goldfields

The 100% owned Goldfields Project is the Company’s most advanced asset located in northern Saskatchewan, approximately 13 kilometres from Uranium City. The Project is endowed with established infrastructure including existing roads, a powerline to site, and nearby facilities and an airport at Uranium City. The Project has a history of gold production (64,000 oz Au produced between 1939 to 1942), numerous exploration drilling campaigns and various historical mining studies (including a 2007 Feasibility Study for the Box deposit and a 2011 Pre-Feasibility for the Box and Athona deposits that were prepared in accordance with NI 43-101). The Box open-pit mine and mill development is permitted having received Ministerial approval under the Environmental Assessment Act in May 2008. The 10,300 hectare Goldfields property presents numerous exploration opportunities, including the potential to expand the Box and Athona deposits and discover additional resources at several other gold prospects and occurrences.

 

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR, Frankfurt: 5QN) is a gold-focused exploration and development company with 100% ownership in two advanced gold exploration projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company has a goal of building a mid-tier gold exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company’s website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

 

On behalf of Fortune Bay Corp.

 

”Dale Verran”

Chief Executive Officer

902-334-1919

 

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fortune Bay Corp. (“Fortune Bay” or the “Company”) cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, COVID-19 restrictions, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.

 

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

 

Fortune Bay Corp. (TSXV: FOR) 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. Fortune Bay Corp is an annual 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/ Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 


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Tuesday, May 04, 2021

#ExploringMining #Podcast Episode 164 – #Mining #Stock News from (TSXV: $AUN.V) (OTC: $AUNFF) (NYSE: $IAG) (NYSE: $EXK) (TSXV: $GGO.V)



 

#ExploringMining #Podcast Episode 164 – #Mining #Stock News from (TSXV: $AUN.V) (OTC: $AUNFF) (NYSE: $IAG) (NYSE: $EXK) (TSXV: $GGO.V)         

 

Point Roberts WA, Delta BC, May 4, 2021 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.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/050421-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2021/exploring-mining/05041AUN-IAG-EXK-GGO.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF) has provided a construction update and a production outlook for the remainder of 2021 for its Revenue Virginius Mine, near Ouray, Colorado. Development highlights indicate that underground mine development is proceeding on schedule, ore development on 1800 level is on schedule to deliver initial ore to the processing plant in July, and the company anticipates that four stopes will be available by year end 2021 to supply the processing plant.

 

IAMGOLD Corporation (NYSE:IAG) has reported its consolidated financial and operating results for the first quarter ended March 31, 2021. Highlights include a gross profit for Q1 of $44.2 million, which is $12.3 million more than the prior year’s first quarter, and net earnings of $19.5 million, as opposed to the net loss of $34.4 million, recorded in the prior year’s first quarter. Gordon Stothart, President and CEO of IAMGOLD, commented:

 

“With the normalization of operations and continuous improvement, we expect to see improved production levels and costs over the balance of the year and to continue to steadily advance our development projects and pipeline."

 

Endeavour Silver Corp. (NYSE:EXK) has reported intersecting high grade silver-gold mineralization in its 2021 exploration drill program aimed at expanding the El Curso orebody at the Guanacevi Mine in Durango State, Mexico. According to the press release, the company “is currently producing from three orebodies at Guanacevi: Milache, El Curso and SCS.” Luis Castro, Endeavour’s Vice President of Exploration, said:

 

“Ultimately, we anticipate that Porvenir Cuatro, El Curso and Milache will all connect to form one continuous orebody over a 1,500 m length by 400 m vertical extent. This would make it comparable to the original Porvenir Norte orebody which supported production at Guanacevi for over 14 years. The future is looking bright for Guanacevi.”

 

Galleon Gold Corp. (TSXV:GGO) has entered into an agreement to sell its non-core Quebec properties to a private company, Quebec Aur Ltd. Quebec Aur has paid $250,000, according to the press release, to secure 100 percent ownership of the properties, which include East Bay, Destor and Nelligan. Galleon Gold’s President and CEO, David Russell, said:

 

"As we focus our efforts on the West Cache Gold Project in Timmins, we are very pleased to have reached an arrangement that will drive exploration on the Quebec properties. Our exposure to the upside through our equity interest in a newly formed Quebec based gold company ensures we will benefit from the development and growth of this company going forward."

 

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions.

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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#CryptoCorner #Podcast 583: #Stocks discussed: (NasdaqGS: $MARA) (OTC: $ARBKF)

 


 


#CryptoCorner #Podcast 583: #Stocks discussed: (NasdaqGS: $MARA) (OTC: $ARBKF)

 

Ethereum Again Hits New ATH and Overtakes BTC in Options Volume, DOGE Hits ATH Following New Listings, Marathon Digital Publishes Updates, and Argo Posts Record Revenue for April

 

Point Roberts, WA, Delta BC May 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.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/050421-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/05041MARA-ARBKF.asp

 

Get the Crypto Corner Podcast on iTunes

 

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Stocks discussed: (NasdaqGS:MARA) (OTC:ARBKF)

 

At the time of yesterday’s Crypto Corner, Ether (ETH) was trading for roughly $3,140, having peaked at $3,200 earlier in the day. It has kept the same momentum and is up roughly 10 percent in the last 24 hours, and trading for $3,460, according to data from CoinMarketCap. Just a bit earlier today, Ether peaked at about $3,490, which is of course a new all-time high trading price. An article from CoinDesk reports that, as a consequence of Ether’s rally:

 

…four larger exchanges offering ETH options – Deribit, OKEx, Huobi, and bit.com – registered a combined trading volume high of $1.32 billion, surpassing bitcoin’s tally for the first time on record. Bitcoin’s options market traded contracts worth $879 million on the same day, according to data source Skew.

 

Bitcoin (BTC) itself is actually down about 4.5 percent in the last day, and is trading for about $54,830 at press time.

 

And like Ether, Dogecoin (DOGE) – currently the fourth-largest crypto by market cap – also broke its all-time high today, making it to $0.60. This follows its being listed on trading platform eToro yesterday, and Gemini today.

 

Marathon Digital Holdings, Inc. (NasdaqGS:MARA) has published its unaudited bitcoin production and miner installation updates for the month of April 2021. Highlights include the production of 162.1 newly-minted bitcoins during the month, which increased the company’s total bitcoin holdings to approximately 5,292 with a fair market value of approximately $305.2 million. Also reported is an “increased active mining fleet to approximately 12,084 miners, generating approximately 1.29 EH/s.” Marathon CEO Fred Thiel commented:

 

“April was an incredibly productive month as we brought 5,288 new miners online and increased our active mining fleet’s hashrate approximately 82% in just 30 days. As a result, by the end of April, we were producing nearly 7 bitcoins per day, up from 3.2 bitcoins per day at the end of March. New miners continue to be delivered and installed on a daily basis, and as they come online, these production figures will continue to improve as our business scales into one of the largest enterprise Bitcoin mining operations in North America.”

 

Argo Blockchain (OTC:ARBKFannounced record mining revenue for April 2021, having mined 163 Bitcoin or Bitcoin Equivalent for the month, and making $9.3 million. The company’s CEO Peter Wall said:

 

"I’m thrilled that Argo has generated a fourth consecutive month of record mining revenue and profits. I’m also pleased to have engaged Navier in the development of our Texas facility, a partnership that will enable us to expand our mining infrastructure significantly and efficiently. I am also delighted to have announced the second year of triple digit growth in our 2020 full year results. Our team has laid an excellent foundation for 2021 and our strong performance in Q1 of this year highlights we are executing it in line with expectations."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

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Breaking #Mining #Stocks News: Aurcana Silver (TSXV: $AUN.V) (OTC: $AUNFF) Provides Construction Update and Production Outlook for Its Revenue Virginius Mine for the Remainder of 2021; @AurcanaC

Breaking #Mining #Stocks News: Aurcana Silver (TSXV: $AUN.V) (OTC: $AUNFF) Provides Construction Update and Production Outlook for Its Revenue Virginius Mine for the Remainder of 2021; @AurcanaC

 


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 


Figure 1: Revenue-Virginius Mine Development Progress

 

VANCOUVER, British Columbia, May 04, 2021 (Investorideas.com Newswire) - AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) is pleased to provide a construction update and a production outlook for the remainder of 2021 for its Revenue Virginius Mine, (RV) located near Ouray, Colorado.

 

Read this news, featuring AUN in full at https://www.investorideas.com/CO/AUN/news/2021/05041Revenue-Virginius-Mine.asp

 

Mine Development

 

·        Underground mine development is proceeding on schedule with three raises being driven vertically from the 2000 main haulage level 800 feet to the 1200 level (See Figure 1 below).

 

·        The #1 Alimak raise is advancing vertically at an average rate exceeding 16 feet per day and is scheduled to be complete by late May, after which the hoist and shaft timber will be installed for permanent men and material access.

 

·        The #2 Alimak raise has progressed up to the 1500 level and is temporarily being used for men and materials transport from the 2000 level to the 1800 and 1500 level pending completion of #1 Alimak raise.

 

·        The #3 Alimak raise vertical development began in May and is scheduled to reach the 1800 level by the third week of May.

 

·        On completion of #1 Alimak raise, the #2 and #3 Alimak raises will be dedicated ore and waste raises.

 

·        Level (horizontal) development has commenced on the 1800 level to intersect the Virginius vein, which is scheduled to occur during the third week of May. Following this, development will continue by driving drifts both north and south on vein for over 1000 feet to prepare for stope development.

 

·        Stope development on the 1800 level is estimated to begin in late June with first ore to the mill in early July.

 

·        Ore development on 1800 level is on schedule to deliver initial ore to the processing plant in July. Two stopes (mining blocks) on the 1800 level will provide the initial ore supply while stopes on the 1500 level are developed.

 

·        It is anticipated that four stopes will be available by year end 2021 (two stopes per level) to supply the processing plant. However only two stopes are required to provide the 270 tons per day as specified in the 2018 feasibility study (the “2018 FS”) prepared in accordance with National Instrument NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). A copy of the 2018 FS is posted on the Company’s website www.aurcana.com and is also available on the Company’s profile on SEDAR at www.sedar.com.

 

Processing Plant Preparation

 

·        All processing plant upgrades including installing additional flotation capacity, replacing cyclones with sizing screens, installing a rod mill, installing crushers and conveyors along with a new instrument control system will be completed by mid-June. Processing plant commissioning with water is scheduled for the last week of June with first ore through the processing plant in the second week of July.

 

·        Final work on the transition chute from the coarse ore bin to the new primary pan feeder is scheduled to be completed by July 10th, 2021 and will enable full processing plant operation.

 

·        Throughput will be ramped up over the course of July to reach 111 tons per day (tpd) during August, and then to the full production level of 270 tpd during September.

 

·        Concentrate shipments will be in 100 ton lots and are anticipated to begin in early August. Trafigura Trading LLC is the off-taker for 100% of the concentrates and will pay the value of 95% of the contained metals based on the mine site concentrate assays at the time of shipment, with final settlement based on smelter returns.

 

·        Payable silver equivalent1 production for the period between August to December 2021 is anticipated to be 1,300,000-1,600,000 ounces at an estimated cash operating costs of between USD10.00 to USD12.00/oz silver after by-product credits2.

 

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101

 

ABOUT AURCANA CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

 

“Kevin Drover”

President & CEO

 

For further information, visit the website at www.aurcana.com or contact:

 

Aurcana Corporation

850 – 789 West Pender Street

Vancouver, BC V6C 1H2

Phone: (604) 331-9333

 

Gary Lindsey, Corporate Communications

Phone: (720)-273-6224

Email: gary@strata-star.com

 

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

 

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

 

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 release.

 

1 Silver equivalent is based on the April 2021 average COMEX prices of Ag USD25.6534/oz, Au USD1,759.47/oz, Cu USD4.2281/lb, Pb USD0.9152/lb and Zn SDU1.2849/lb; includes payability and payment timing of the Trafigura offtake contract.

 

2 By-product credit metal pricing is the same as Silver equivalent pricing

 

 

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. 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/ Aurcana Silver Corporation is a featured mining company on InvestorIdeas. Please read our full disclaimer and disclosure regarding specific compensation Additional info regarding BC Residents: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Aurcana Silver Corporation (TSXV: AUN) (OTC: AUNFF) is a featured Mining stock on Investorideas.com

 

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