Exploring Mining Podcast: News from (NYSE: GOLD) (TSX: TGZ) (NYSE American: BTG) (TSXV: AGG) (TSXV: AHR)
Point Roberts, WA and Delta, BC - December 10, 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: GOLD) (TSX: TGZ) (NYSE American: BTG) (TSXV: AGG) (TSXV: AHR)
Barrick Gold Corporation (NYSE:GOLD), along with its Senegalese joint venture partner, has reached an agreement to sell their aggregate 90 percent interest in the Massawa project in Senegal to Teranga Gold Corporation (TSX:TGZ) for up to $430 million. Barrick President and CEO Mark Bristow commented:
"In the case of Massawa, Teranga has the appropriate infrastructure and processing facilities approximately 25 kilometres away, and combining the orebodies and the geological prospectivity will add further benefits. This is a good example of an instance where assets we own might be better suited in combination with others."
- Positive infill drilling of the Fekola Inferred Mineral Resource
- Fekola remains open to the north with new good-grade drill results
- Anaconda area exploration results:
- Initial positive drilling results from the Cardinal and FMZ zones indicate potential for additional gold deposits near the Fekola open-pit mine
- 34 g/t Au from 157.0 to 163.0 m; including 29.7 g.t Au from 158.0 to 159.05 m in hole KP19_P1_12
- 81 g/t Au from 0.0 to 1.0 m in hole KB19_P1_10
- 47 g/t Au from 8.0 to 9.0 m in hole KB19_P1_10
- 60 g/t Au from 172.0 to 173.0 m in hole KB19_P1_11
- 02 g/t Au from 37.0 to 38.0 m in hole KB19_P1_11
- 97 g/t Au from 88.0 to 89.4 m in hole KB19_P1_11
Dr. Andreas Rompel, Vice President Exploration, commented:
"The additional high-grade intersections are raising our confidence in the Kobada Gold Project. We are very excited with the results from the Phase 1 drilling program as it provides us with confirmation of a likely larger and higher grade deposit."
Amarc Resources Ltd. (TSXV:AHR) has acquired 100 percent of the JOY Project in BC, Canada, comprising the PINE property and a 100 percent interest in the latter's mineral claims. According to the press release, "the PINE tenure forms an important part of the overall JOY Project, and has been a primary focus of exploration activities. It hosts both the Pine and Mex copper-gold deposits as outlined by historical estimates based on 58 and 19 drill holes, respectively".
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