Exploring Mining Podcast: News from (NYSE: GOLD) (TSXV: MAE) (OTC: RBMTF) (TSXV: BRC) (TSXV: FG)
Point Roberts, WA and Delta, BC - March 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: GOLD) (TSXV: MAE) (OTC: RBMTF) (TSXV: BRC) (TSXV: FG)
Mark Bristow, the President and CEO of Barrick Gold Corporation (NYSE:GOLD), said that the "proposed expansion of the Pueblo Viejo gold mine will extend its life as well as its significant contribution to the Dominican Republic's economy until 2040 and beyond." An initial $1.3 billion investment would allow the mine "to increase exports by $22 billion and generate more than $4 billion in taxes at a gold price of $1,500 per ounce," according to the press release. Bristow commented:
"Our aim is to continue contributing to the social and economic development of the Dominican Republic by applying our sustainability philosophy to create long-term value for all our stakeholders, especially the governments and people of our host countries. Without this project mining at Pueblo Viejo would have ceased in the next two years."
Maritime Resources Corp. (TSXV:MAE) has entered into a non-binding letter of intent (LOI) with Rambler Metals and Mining Canada Ltd., a wholly-owned subsidiary of Rambler Metals and Mining Limited (OTC:RBMTF). This includes "an exclusivity period of twelve months for Maritime to evaluate Rambler's Nugget Pond Gold Plant for the purpose of processing feed from the Hammerdown gold project and to complete a feasibility study with the option to negotiate a purchase agreement during that time." Garett Macdonald, President and CEO of Maritime, explained:
"This agreement provides Maritime with a twelve month exclusive period to evaluate the Nugget Pond Gold Plant in further detail for potential future processing of Hammerdown mineralization. The gold circuit is currently idle and was operated in the past by Richmont Mines, processing feed from the former Nugget Pond and Hammerdown gold mines with gold recoveries of over 95%. Our recently completed PEA outlined an attractive case for a potential re-start the Hammerdown gold project with an average of 69,500 ounces annual production over the first five years and strong after-tax economics including $111.3M NPV5% and 50.5% IRR at a gold price of US$1,375/oz)."
Blackrock Gold Corp. (TSXV:BRC) has completed the report for its final assay results and geologic interpretation of its Silver Cloud project in Nevada. This includes five HQ core holes that were drilled at Silver Cloud, totalling 2,207 metres (7,240 feet), and returning gold assays above the 0.2 g/t gold cut off grade over significant drill widths. Blackrock President and CEO Andrew Pollard said:
"With one small drill program under our belt, we have established our understanding of the east-west orientation of the epithermal vein system, delineating for the first time on our property a drill-defined mineralized strike of 250 metres, that appears to be open both along strike and down-dip. With a complete picture from our 2019 drill program now in hand, it's evident we encountered the structures too high in the epithermal vein system. We are excited to see the drills turning once again as we have refined our aim in search of the boiling zone where the potential for bonanza grade gold, for which the Northern Nevada Rift is well documented, may exist."
Falcon Gold Corp. (TSXV:FG) has received an exploration and drill permit for gold, silver, and copper prospects on its Central Canada project in Atikokan, Ontario. According to the press release, the 3,200-hectare property has already seen the discovery of multiple gold, copper, cobalt and other metal occurrences, but none have been sufficient enough yet to justify the pursuit of mining.
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