Exploring Mining Podcast: News from (NYSE: UEC) (NYSE: TRX) (TSXV: TXR) (NYSE: UAMY) (TSXV: ORX)
Point Roberts, WA and Delta, BC - November 5, 2019 (Investorideas.com Newswire) 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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Exploring #Mining #Podcast: News from (NYSE: UEC) (NYSE: TRX) (TSXV: TXR) (NYSE: UAMY) (TSXV: ORX)
Uranium Energy Corp. (NYSE American:UEC) has discovered additional mineralization in Production Area 1 of its Burke Hollow in-situ recovery uranium project. Required monitoring wells were installed in the production area as well at the conclusion of the drilling campaign. Andrew Kurrus, the Company's VP of Resource Development, said:
"We are pleased with our recently completed 2019 drilling and monitor well installation campaign at Burke Hollow. Exploration and delineation drilling have resulted in the discovery of additional mineralization that will create a larger PAA-1 production zone. With each drilling campaign, the project continues to exhibit positive results."
- Drilled over 10,000m using at times three drill machines operating 24 hours per day,
- Developed a geology-resource model of the entire Buckreef Mineralized Zone using technologically advanced data-mine software that will be used for future resource and reserve estimates,
- Initiated a comprehensive metallurgical review and test data based on a plant that is two times larger than the plant in the Pre-Feasibility Study, and
- Initiated a rock stress test program to determine the possibility of mining underground below the pit bottom.
TerraX Minerals Inc. (TSXV:TXR) has announced a first mineral resource estimate on its 100 percent-owned Yellowknife City Gold Project, located 12 kilometers from the city of Yellowknife and 7 kilometers from the former Giant Mine. According to the press release, the Inferred resource estimate of 735,000 ounces consists of:
- A pit constrained Inferred resource of 11.6 million tonnes averaging 1.4 g/t for 523,000 ounces of contained gold
- An underground Inferred resource of 1.2 million tonnes averaging 5.7 g/t for 212,000 ounces of contained gold
United States Antimony Corporation (NYSE American:UAMY) has plans to provide rail delivery of bulk Bear River Zeolite (BRZ) zeolite to reduce transportation, packaging, and labor costs by up to $100.00 per ton. Company CEO John Lawrence explained:
"The recent worldwide concerns over climate change and environmental remediation pose an excellent target for increasing sales and profitability of BRZ. Installing equipment to provide rail delivery will allow BRZ to provide one of the highest quality zeolites in large quantities at the lowest price."
Orefinders Resources Inc. (TSXV:ORX) has completed its exploration program on the Knight Project in Shining Tree. Data gleaned from the program "confirms the presence of gold and arsenic in bedrock anomalies coincident with Minto -type magnetic features and a total of ten (10) new targets have been outlined between the Minto breccia and the western shore of Porphyry Lake over a strike length of approximately 2.3 km". Orefinders CEO Stephen Stewart said:
"We were encouraged with the recent geophysical data processing from our Knight project which identified additional magnetic features like that of the Minto . We were further encouraged when our on-site program discovered coincidental outcropping near these anomalies, which we've since sampled and returned geochemical gold-arsenic anomalies that are consistent with wallrocks surrounding Minto . The idea is that if we can discover one or more of these very high-grade breccia pipes, it would transform the dynamics of our Knight project."
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