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Exploring Mining Podcast: News from (NYSE: NEM) (NYSE: EXK) (TSXV: BTR) (TSXV: MXR)

 

Point Roberts, WA and Delta, BC - April 2, 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: EXK) (TSXV: BTR) (TSXV: MXR)

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Newmont Corporation (NYSE:NEM) has started "a safe and orderly ramp down of operations at the Penasquito mine in the state of Zacatecas." This follows a decree issued by the Mexican government mandating the temporary suspension of all non-essential activities until April 30 as a response to the COVID-19 pandemic. Newmont President and CEO Tom Palmer said:

"Whilst Newmont currently has no confirmed cases of COVID-19, we have proactively implemented rigorous and wide-ranging controls at all of our sites around the globe to protect our workforce and neighboring communities from contracting or transmitting the disease. We will, of course, comply with Mexico's latest directive while engaging with the government to gain further clarity regarding important activities that may continue at the mine. In the meantime, we will ensure Penasquito remains well-positioned to safely and efficiently ramp up operations in a timely manner once the government's directive is lifted."

Also responding to the Mexican government restrictions is Endeavor Silver Corp. (NYSE:EXK), which has commenced the process of suspending its mining operations in the country. Bradford Cooke, Endeavour CEO, commented:

"Suspending our mining operations on a temporary basis is the best way to ensure the health of our work force during this COVID-19 crisis. We are also working with the local communities to protect the health of the local people, inform them of the precautions needed to stay healthy, and provide medical supplies, masks, cleaners and disinfectants as needed."

Bonterra Resources Inc. (TSXV:BTR) has announced assay results for the winter drill program completed to date on its Barry project. These results include "an intersection of 7.35 grams per tonne Au over an intersection length of 8.35 metres, including a higher-grade interval of 10.26 g/t Au over an intersection length of 4.75 m in hole MB-20-250." Bonterra President and CEO Greg Gibson said:

"The 2020 Winter exploration program was in full swing with 3 drills running at the time of shut down. We had only recently got on the ice and started the program on Lac Limpide having completed 2 holes of a much larger plan. Priority targets for extension of the Barry deposit to the northwest, to the east, and down plunge to the southeast, as well as the Barry regional exploration program will continue to be the Company's focus."

Max Resource Corp. (TSXV:MXR) has reported the extension of the AM-1 copper + silver stratabound horizon to 2,400-metres of strike, and that a new discovery named AM-2 extends for 1,000-metres. According to the press release, both of these discoveries "are within the AM South portion of the CESAR project located within the Rancheria Basin of NE Colombia." Brett Matich, the company's CEO, said:

"Ongoing exploration continues to build confidence in CESAR as a significant discovery of regional scale. The Company is working towards a 3D model to assess the potential size of the CESAR copper-silver project."

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