Exploring Mining Podcast: News from (TSXV: KNT) (TSXV: KCC) (TSXV: JAX) (CSE: IMCX) (TSX: OMI)
Point Roberts, WA and Delta, BC - November 13, 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 (TSXV: KNT) (TSXV: KCC) (TSXV: JAX) (CSE: IMCX) (TSX: OMI)
K92 Mining Inc. (TSXV:KNT) has released its third quarter financial results for 2019. This quarter saw revenue of $20,989,036 with a gross margin of $8,750,138, as well as 32,094 tonnes processed, production of 19,170 oz AuEq from the Kora North deposit. John Lewins, K92 CEO and Director, commented:
"With production of just under 20,000 oz AuEq for the Third Quarter and just under 60,000 oz AuEq for the year-to-date and despite significant disruption associated with the expansion project, we have confirmed our conviction that we will achieve the top half of our updated AuEq production guidance, while delivering all-in sustaining costs at the bottom of or below our guidance."
"The agreement for Badrakh provides a path to control alongside a well credentialed vendor and partner, for a priority drill ready project underpinned by large scale porphyry targets which are favourably located to existing infrastructure and on the doorstep to China .
Funds from Kincora's project generation budget support drilling expected to shortly commence at Badrakh, following first phase activities concluding at our East Tsagaan Suvarga project. The agreement is inline with the Company's project generation strategy, leveraging our strong technical teams experience, systematic exploration approach and being the foremost listed group pursuing further counter-cyclical expansion opportunities in Mongolia.
An update for exploration activities at the Company's existing Bronze Fox and East Tsagaan Suvarga projects is expected shortly."
Jaxon Mining Inc. (TSXV:JAX) has announced preliminary ground magnetic survey data processing results and assay results for K-feldspar porphyry granodiorite outcrop samples. Commenting on the results, John King Burns, CEO and Chairman of the Board, commented:
"We are pleased with the magnetic data processing results. This work has allowed us to identify the profile and extent of the magnetic low areas at Red Springs. The survey shows the positive magnetic anomaly dissipating between the 200 and 300 metre level; confirming where the porphyry should start to appear. The processed magnetic data has been integrated with the soil geochemistry surveys, IP survey results and other mapping work; and the magnetic survey results support our interpretation of the other data sets. Our 3D geological model will continually evolve as more data is added over the next few months. We are starting to visualize the porphyries and surrounding structures and we are looking forward to using the model to vector in on our drill targets for the 2020 season."
IMC International Mining Corp. (CSE:IMCX) has signed a letter of intent (LOI) with Orosur Mining Inc. (TSX:OMI) to potentially purchase its mining, exploration, and prospecting permits in the Isla Cristina Rivera Greenstone Belt of Uruguay. According to the press release:
Upon completion of due diligence favourable to the Company, and subject to negotiation of a definitive agreement and receipt of all necessary corporate and regulatory approvals, IMC will purchase control of the Permits by making staged payments totalling US$1,000,000 over a one (1) year period from the date of closing of the Potential Transaction.
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