Exploring Mining Podcast: News from (NYSE: NEM) (NYSE: GOLD) (TSX: TGZ) (TSXV: ARU) (TSXV: C) (TSXV: AL)
Point Roberts, WA and Delta, BC - February 13, 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: NEM) (NYSE: GOLD) (TSX: TGZ) (TSXV: ARU) (TSXV: C) (TSXV: AL)
Newmont Corporation (NYSE:NEM) has reported gold mineral reserves of 100.2 million attributable ounces for 2019, which is the largest in the industry, as well as the company's own history. This is an increase of 53 percent over the 65.4 million ounces reported at the end of 2018. Tom Palmer, President and CEO of Newmont, commented:
"Newmont has the largest gold reserve base in the industry underpinned by our world-class ore bodies in top tier jurisdictions. In 2019, we added almost 50 million ounces of gold reserves through the acquisition of Goldcorp, formation of the Nevada Gold Mines joint venture and the continuation of our leading exploration program. Our reserve and resource base will support stable production of more than 6 million ounces per annum for decades to come."
Barrick Gold Corporation (NYSE:GOLD) and Teranga Gold Corporation (TSX:TGZ) have both received key approvals from the Government of Senegal for the latter to close the previously announced acquisition of a 90 percent interest in the Massawa Gold Project from a wholly-owned subsidiary of the former. According to the press release, the approvals include "a formal consent to Teranga's plans to integrate Massawa into its existing Sabodala Gold Mine as well as a formal waiver by the Government of Senegal of its equity participation right to elect, on its behalf or on behalf of the private sector, to purchase up to an additional 25% of Massawa at market value."
At press time, Teranga Gold Corporation stock is slightly in the green with a 1.5 percent uptick.
Aurania Resources Ltd. (TSXV:ARU) has encountered copper enrichment in soils over the Tsenken N3 geophysical target from a follow-up exploration. These results, according to the press release, "are consistent with the Tsenken N3 being a porphyry copper target like Tsenken N2 located only 1km to the southwest." Independent Senior Geophysical Consultant, Jeremy S. Brett, explained:
"The enrichment of copper in soil over the Tsenken N2 and N3 magnetic features suggests that they truly do represent high priority porphyry copper targets. They strengthen the case for taking the top priority geophysical targets seriously as porphyry copper-gold and porphyry copper targets."
"Our first drill program at Green Springs was very successful with nine of ten drill holes intersecting significant grades and widths of oxide gold mineralization across three separate targets outside of the past producing Charlie and Delta pits. Echo continues to deliver impressive gold grades and widths and is certainly our highest priority for follow up. The first cyanide solubility assays from drilling Bravo confirmed both significant gold mineralization and that gold mineralization at Bravo is oxidized, which was previously unknown. The team is incorporating these drill results into our geological model and planning an aggressive drill program for 2020."
Contact Gold stock is enjoying an uptick of just under three percent, at press time.
ALX Resources Corp. (TSXV:AL) has provided an update of exploration activities at its 100 percent-owned Falcon Nickel Project in the northern Athabasca region of Saskatchewan, Canada. Highlights include: "confirmed grades in surface rock samples of up to 3.17% nickel and 0.40% copper from historical trenches, along with anomalous grades of cobalt, gold and platinum group metals" at the Currie Lake deposit area.
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