Exploring Mining Podcast: News from (NYSE: AEM) (TSXV: RUP) (TSXV: BNCH) (NYSE: LODE) (CSE: SHV) (TSXV: MXR)
Point Roberts, WA and Delta, BC - February 11, 2020 (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: AEM) (TSXV: RUP) (TSXV: BNCH) (NYSE American: LODE) (CSE: SHV) (TSXV: MXR)
Agnico Eagle Mines Limited (NYSE:AEM) has agreed to subscribe for 15,391,605 units of Rupert Resources Ltd. (TSXV:RUP) in a non-brokered private placement at a price of $0.85 per Unit for total consideration of $13,082,864. Additionally, Agnico will be granted the right to "participate in equity financings in order to maintain its pro rata ownership in Rupert at the time of such financing or acquire up to a 9.9% or 16.1% ownership interest in Rupert", and the right to nominate one person to Rupert's board of directors. These rights are dependant on Agnico maintaining "certain ownership thresholds."
While Agnico stock has not seen much movement from today's news, Rupert Resources stock is up about 14 percent at press time.
Benchmark Metals Inc. (TSXV:BNCH) has reported continued drilling success at the Amethyst Gold breccia (AGB) Zone, including drill hole 19AGBDD004's intersection of "1.38 g/t gold and 50.76 g/t silver or 2.02 g/t AuEq across 50.00 metres core length and 11.30 g/t gold and 2,360 g/t silver or 40.8 g/t AuEq across 1 metre core length from a deeper zone." Benchmark CEO John Williamson commented:
"The 2019 drilling at AGB has discovered new mineralized zones, characterized by different styles of mineralization, which include both high grade and bulk-tonnage intervals. As a discrete zone, AGB is showing some of the highest-grade potential across the Lawyers Trend including 2019 results that provided 5.01 AuEq across 25 metres core length and 47.21 AuEq across 2.95 metres core length."
Benchmark Metals stock is up around 6.3 percent currently.
Comstock Mining Inc. (NYSE American:LODE) has provided strategic updates, including investment in and partnership with Mercury Clean Up LLC and investments in and by Sierra Springs Opportunity Fund Inc. Corrado De Gasperis, Comstock's Executive Chairman and CEO, explained:
"MCU has engaged its first international remediation project, signing a landmark, definitive agreement with Clean Ore Solutions, and forming a joint venture where MCU will lead and partner in a major mercury remediation and rehabilitation project in the Philippines. Additionally, SSOF has acquired and owns 100% of Silver Springs Regional Airport LLC and Sierra Clean Processing LLC, a 180,000 plus square foot manufacturing facility adjacent to the Silver Springs Regional Airport."
Seahawk Ventures Inc. (CSE:SHV) has reported initial assay results of the fall 2019 grass roots diamond drill program on the company's Touchdown, and Blitz properties, revealing numerous high grade gold intersections. A highlight from the Touchdown property is the intersection of "5.2 g/t Au over 4.1 m including 7.26 g/t Au over .7 m, 4.5 g/t Au over 1.6 m and 13.78 g/t Au over 1.00 m in Hole TD-19-01." As for the Blitz property, Hole BE-19-01 returned "1.1 g/t Au over 4.4 m including 1.53 g/t Au over 1.1 m."
At press time, Seahawk Ventures stock is up about 11 percent.
Max Resource Corp. (TSXV:MXR) has reported the discovery of a second high-grade copper-silver zone. Called the "Outcrop Zone," the discovery is 2 km in length and located approximately 2 km south from the 1.4 km "AM Horizon" discovery. The company's CEO, Brett Matich, explained:
"Rock chip sampling is used to identify both the continuity of thickness and grade, and, more importantly, length of strike to determine potential size. To date, the strike length of 3.4 km is open in both directions, indicating further size potential. The Max field team recently identified a new zone 35 km north of Outcrop Zone and AM Horizon, extending the size potential. Assays for the newly identified zone are pending, making these very exciting times for our shareholders."
And as if to confirm it's CEO's words, Max Resource Corp. stock is indeed up 10 percent at press time.
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