Exploring Mining Podcast: News from (NYSE: NEM) (ASX: EVN) (TSXV: WGO) (TSXV: AGG) (TSXV: ABN)
Point Roberts, WA and Delta, BC - November 26, 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: NEM) (ASX: EVN) (TSXV: WGO) (TSXV: AGG) (TSXV: ABN)
Newmont Goldcorp Corporation (NYSE:NEM) has reached an agreement to sell the Red Lake complex in Ontario, Canada to Evolution Mining Limited (ASX:EVN) for $375 million in cash and “contingent payments of up to an additional $100 million tied to new resource discoveries”. Tom Palmer, President and CEO of Newmont, commented:
“This transaction both strengthens our balance sheet and provides ongoing exposure to new discoveries at Red Lake. Evolution is a highly respected and responsible gold producer who is committed to the success of Red Lake and who we believe will prove a great partner for surrounding communities and stakeholders.”
White Gold Corp. (TSXV:WGO) has announced the first drill results for the Titan target, Hen property, Yukon. The drilling intercepted 72.81 g/t Au over 6.09m from 10.67m depth, including 136.36 g/t Au over 3.05m at 12.19m depth within a 32m zone of mineralization, according to the press release. Shawn Ryan, Chief Technical Advisor, White Gold Corp., commented:
"We are very excited about the drill results confirming the discovery of high-grade, near-surface gold mineralization. These results represent the first pass drilling on the new Titan discovery, and are another successful demonstration of our methodical data-based exploration strategy, including our step by step approach of a regional soil program, ground geophysical surveys, GT probing, trenching, geological mapping and other activities. The process led us to directly target this unique magnetite rich mineralization, and again demonstrate that the White Gold District is very prospective ground for various styles of gold mineralization. Follow up activity on the property will be very interesting as we have already identified multiple additional targets within 400 meters of the Titan discovery.”
“As we start to move into the central part of the shear zone, we are seeing higher-grade results than expected. We are extremely excited with these exceptional results and with the current rate of drilling exceeding expectations, we are expecting a large number of equally favourable results to come in over the next few weeks.”
Aben Resources Ltd. (TSXV:ABN) has reported final results for seven drill holes (FK19-64 to 70) at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. Highlights of the drill program indicated in the press release include:
- 9622 meters (“m”) in 25 holes, 214 soil samples, 128 rock samples and 173 line-km’s of magnetic geophysical survey completed during 2019
- High-grade gold mineralization reported in numerous holes at North Boundary Zone within a broad mineralization & alteration halo
- 500m-long gold-mineralized corridor delineated at South Boundary Zone, open in all directions
- Drilling at South Boundary encountered sediment-hosted rift-related VMS style mineralization within rocks analogous to the Eskay Creek precious metal deposit, located 30 km to the southeast of Forrest Kerr
- 100% earn-in completed, with overall project area now encompassing over 23,000 hectares
- Numerous high-priority drill targets remain untested
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