#ExploringMining #Podcast 204 –#Mining #Stocks News from (TSXV: $OTGO.V) (NYSE: $RIO) (NYSE: $AA) (NYSE: $IAG)

 

#ExploringMining #Podcast 204 –#Mining #Stocks News from (TSXV: $OTGO.V) (NYSE: $RIO) (NYSE: $AA) (NYSE: $IAG)

 

Point Roberts WA, Delta BC, September 21, 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. Today’s podcast was sponsored by O2Gold Inc.

(TSXV:OTGO) , a mineral exploration company with activities in Colombia.

 

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O2Gold, Inc. (TSXV:OTGO) has reported high-grade gold-silver intercepts from its first drill hole at the Aurora Tunnel in Colombia, where it has exploitation and production permits. This comes from a drill campaign on the Aurora project being carried out by two rigs. The press release highlights drill cores of the hole AUR-21-00, which showed 0.7m @ 20.11 g/t Au and 3.30 g/t Ag from 97.4 m in the main Aurora vein. An excerpt reads:

 

The hole finished a final depth of 220 meters and cut the entire anomalous sequence identified in the spontaneous potential mapping previously announced by the Company in a press release dated August 31, 2021. The intersection between 8.70 - 11.70 m is an additional highlight for the Company, as it indicated an interval of 3 m @ 12.30 g/t Ag. Though a highly-weathered and low-recovery interval, it showed fragments of quartz veins, precisely in the interval that the spontaneous potential indicated as anomalous. Scheduled drill holes from the ongoing, 8,000 m drill campaign will aim to better intercept and recover intervals to identify the true potential of this anomaly.

 

Rio Tinto Group (NYSE:RIO) has approved a new solar farm and battery storage at Weipa in Queensland, in an effort to triple the local electricity network’s solar generation capacity and help provide cleaner power to Rio Tinto’s operations. Michelle Elvy, Rio Tinto Aluminium Pacific Bauxite Operations’ General Manager, said:

 

"The new solar farm and battery storage system is part of Rio Tinto’s group-wide commitment to reduce emissions across our operations. There is clearly more work to be done, but projects like this are an important part of meeting our climate targets."

 

Alcoa Corporation (NYSE:AA) has announced plans to restart 268,000 metric tons per year (mtpy) of aluminum capacity at the Alumar smelter in São Luís, Brazil. The target of 268,000 mtpy is anticipated to be operational in the fourth quarter of 2022. John Slaven, Executive Vice President and Chief Operating Officer of the company, said:

 

"Our restart decision is based on an analysis that shows the smelter can be competitive throughout all cycles, leveraging the co-located refinery, a strong workforce, and competitive, renewable power arrangements. With this planned restart, we’ll be able to build upon the strong capabilities at this site and capture benefits for our investors, customers, employees and the stakeholders in the state of Maranhão in Brazil."

 

IAMGOLD Corporation (NYSE:IAG) has reported additional positive assay results from its delineation diamond drilling program at the Gosselin zone discovery in Ontario, Canada. Craig MacDougall, Executive Vice President, Growth for IAMGOLD, explained:

 

"These additional drilling results continue to demonstrate the continuity and strength of this wide mineralized system. The Gosselin zone remains open to the northeast and southeast as well as at depth. I want to acknowledge the tremendous effort of our exploration team to safely complete this logistically challenging drilling campaign, as well as our core shack technicians who processed and prepared large numbers of core samples to facilitate a timely submission for analysis. Additionally I want to acknowledge the support of our assay laboratory partner to expedite the assaying of the drill core samples allowing for their inclusion in the drilling database to support the completion of a maiden resource estimate, which we expect to release in the fourth quarter of 2021."

 

Exploring Mining Podcast Sponsor

O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otú Fault project, with senior management based in nearby Medellín. The team’s deep roots and experience in Latin America—in both capital markets and mining—gives it the regional knowledge and operational expertise to create a world-class project.

 

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#Metals/ #GreenEnergy #Stock News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Drills 215 Metres Carbonatite in First Hole At Wicheeda Rare Earth Element Deposit; @DefenseMetals

#Metals/ #GreenEnergy #Stock News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Drills 215 Metres Carbonatite in First Hole At Wicheeda Rare Earth Element Deposit; @DefenseMetals

 

Vancouver, British Columbia – September 21, 2021: –Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE), is pleased to provide an update with respect to its ongoing Wicheeda Rare Earth Element (REE) deposit resource expansion and delineation diamond drill program. The first drill hole of the 2021 campaign testing the North Zone of the Wicheeda REE Deposit has intersected a 215-metre core interval of visually REE mineralized carbonatite, the longest carbonatite interval ever drilled on the Project (Figure 1). The program is progressing on schedule and is currently on the 4th drill hole, with over 750 metres drilled to date.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/09211DEFN-Wicheeda.asp

 

The road accessible Wicheeda REE Property 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% LREO1.

 

Figure 1. REE Mineralized Carbonatite from WI21-33 (47-55 metres downhole)

 

 

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)

Drill hole WI21-33 (350az/-80o) was designed to test the North Zone of the Wicheeda REE Deposit, which remains open to expansion, and collared into visually REE mineralized carbonatite, and remained in carbonatite to a depth of 220 metres downhole. Significantly the intercept extends 120 metres vertically below the bottom of nearest mineralized drill hole (WI19-32) and 70 metres and below the base of the current resource pit shell, reinforcing that the north end of the Wicheeda REE Deposit is open to expansion (Figure 2).

 

The drill hole was designed to follow-up and expand to depth mineralization in nearby 2019 drill holes that yielded some of the highest REE grades to date including hole WI19-31 that intersected 4.43% LREO over 83 metres; including 5.47% LREO over 33 metres; and WI19-32 the final hole of the 2019 campaign that returned 4.01% LREO over 58 metres2 (see Defense Metals News Release Dated December 12, 2019).

 

The 2021 Wicheeda diamond drill program is designed to build on the successes of the 2019 campaign in support of future advanced economic studies. The 2021 drill program will focus on expanding the zone REE mineralized dolomite-carbonatite to the north, in addition to further delineating existing inferred resources within the central and northwestern areas of the deposit

 

Craig Taylor, CEO of Defense Metals, stated: “Defense Metals is extremely pleased to not only be making steady progress in completing our 2021 resource expansion and delineation drill program, but to have out first hole exceed our expectation in terms of visual indications of REE mineralization and being the longest carbonatite interval drilled to date on the Project. This reaffirms our believe in the significant expansion potential of the Wicheeda REE Deposit.”

 

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.

 

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.

 

 

2 The true width of REE mineralization is estimated to be 70-100% of the drilled interval.

 

Figure 2. Wicheeda REE Deposit Long Section Looking West

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 ongoing optimization test work and the expected outcomes, operation of a future hydrometallurgical pilot plant, plans for its Wicheeda Property, the advancement and development of the Wicheeda Property, the technical, financial and business prospects of the Company, its project 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 those 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 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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#Mining #Stock News: O2Gold (TSXV: $OTGO.V) Intercepts 20 g/t Au at the Main Aurora Vein, Which Has a Projected Extension of at Least 700 Meters, at Only 97 Meters of Depth; @otgo_v

#Mining #Stock News: O2Gold (TSXV: $OTGO.V) Intercepts 20 g/t Au at the Main Aurora Vein, Which Has a Projected Extension of at Least 700 Meters, at Only 97 Meters of Depth; @otgo_v

 

TORONTO - September 21, 2021 (Investorideas.com Newswire) O2Gold Inc. ("O2Gold" or the "Company") (TSXV:OTGO) is pleased to report high-grade gold-silver intercepts from its first drill hole at the Aurora Tunnel in Colombia, where the Company has exploitation and production permits.

 

Read this news featuring OTGO in full at https://www.investorideas.com/CO/OTGO/news/2021/09211Main-Aurora-Vein.asp

 

Key Highlights

·        Hole AUR-21-001 targeted down-dip extensions of high-grade gold-silver mineralization indicated by rock chip sampling and prior artisanal production at the Aurora Tunnel.

·        A mineralized interval was encountered (reported as downhole intervals) with the following results: 1.6 m @ 9.19 g/t Au and 1.89 g/t Ag from 97.4 m, including 0.7 m @ 20.11 g/t Au and 3.30 g/t Ag @ 97.4 m.

·        AUR-21-001 was the first hole drilled in the Company's planned 8,000 m drilling campaign. Three additional holes have been completed, the cores of which are currently being assayed and are expected in 10 days.

 

Results

The drilling campaign on the Aurora project area is being carried out by two rigs and aims to define the mineralized body formerly explored by artisanal miners. Hole AUR-21-001 is the first to intercept the main mineralized vein. Figure 1 shows a cross section of the hole as well as the expected projection of the vein identified by spontaneous potential testing. Sampling intervals and the main values obtained are also noted.

Figure 1: Section C with AUR-21-001 sampling and results, as well as the trajectory of the completed AUR-21-003 hole

AUR-21-001 crossed a sequence of intrusive igneous rock similar to a quartz diorite, with mylonite metric levels where a chloritic alteration predominates, and strong silicification is superimposed. Figure 2 shows the intercepted mineralized vein.

 

Figure 2: Drill cores of AUR-21-001 where it intercepted the main Aurora vein, showing 0.7m @ 20.11 g/t Au and 3.30 g/t Ag from 97.4 m.

The hole finished a final depth of 220 meters and cut the entire anomalous sequence identified in the spontaneous potential mapping previously announced by the Company in a press release dated August 31, 2021. The intersection between 8.70 - 11.70 m is an additional highlight for the Company, as it indicated an interval of 3 m @ 12.30 g/t Ag.

Though a highly-weathered and low-recovery interval, it showed fragments of quartz veins, precisely in the interval that the spontaneous potential indicated as anomalous. Scheduled drill holes from the ongoing, 8,000 m drill campaign will aim to better intercept and recover intervals to identify the true potential of this anomaly.

 

Drilling Continues

AUR-21-001 is only one of the four holes completed. There are eight remaining targets to complete the approximately 4,000 m of planned drilling at the Aurora project area. Assays from holes AUR-21-002 and AUR-21-003, which intercepted quartz veins, are at SGS Colombia S.A.S.'s ("SGS") lab facility for analysis, and the results are expected in 10 days.

 

Quality Assurance and Quality Control

All samples were shipped to the 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 Note Regarding Forward-looking Information

The content and grades of any mineral deposits at the Aurora property are conceptual in nature. There has been insufficient exploration to define a mineral resource on the property 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 planned work and exploration activities at the Aurora property, particularly the timing for the receipt of the results of the Company's other drill holes. 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.

 

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