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Exploring Mining Podcast: News from (NYSE: EGO) (NYSE: HL) (TSXV: AMC) (TSXV: AFF)

 

Point Roberts, WA and Delta, BC - April 16, 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.

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/041620-Mining.mp3

Exploring #Mining #Podcast: News from (NYSE: EGO) (NYSE: HL) (TSXV: AMC) (TSXV: AFF)

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Eldorado Gold Corporation (NYSE:EGO) is restarting operations at its Lamaque site, following a decision from the government of Quebec that mining is now permitted. Upon re-opening, Eldorado has included safety measures such as "temperature screening, compliance with additional hygiene measures and task observation to ensure that all work is performed respecting physical distancing and the use of appropriate personal protective equipment." George Burns, the company's President and CEO, said:

"We are pleased to resume operations at Lamaque. Keeping our people safe is our priority each and every day. With the safety measures we have put in place at all our sites, we are confident that we can adapt our business and continue to create long term value for our stakeholders."

Similarly, Hecla Mining Company (NYSE:HL) announced the restarting of operations at its Casa Berardi site following the province's lifting of restrictions on the mining sector. Phillips S. Baker, Jr., Hecla's President and CEO, commented:

"We are pleased to bring the mine back into production, with the emphasis on the health and safety of our people. We continue to have no known cases of COVID-19 at any of our operations in part due to our early adoption of measures that protect our workforce and their communities."

Arizona Metals Corp. (TSXV:AMC) has announced assay results from the first seven drill holes completed at its Kay Mine Project, near Black Canyon City, Arizona. Of the six holes that intersected significant mineralization, highlights include:

  • KM-20-03: 7m grading 5.41% CuEq (incl. 0.9m of 10.32% CuEq), from a depth of 120m
  • KM-20-03A: 6m grading 6.85% CuEq (incl. 0.8m of 18.19% CuEq) from a depth of 122m
  • KM-20-05: 4m grading 9.19% CuEq (incl. 1.2m of 13.89% CuEq) from a depth of 150m
  • KM-20-06: 5m grading 2.92% CuEq (incl. 4.9m of 4.54% CuEq) from a depth of 158m

Affinity Metals Corp. (TSXV:AFF) has released assay results from its late fall drill program on the Regal property near Revelstoke, British Columbia. In addition to numerous high grade intercepts in multiple holes, the company boasts "a significant new silver discovery" with an intersection of 11.10 meters of 143.29 g/t silver including 0.55 meters of 2612.0 g/t silver. Affinity Metals CEO Robert Edwards said:

"We are extremely encouraged to see such positive assay results from the 2019 drilling, our first drill program on the property. Our expectations were that the assays would show strong mineralization given what we have seen from our prior surface sampling program and the historical production grades, but to find this new 11 meter silver zone is truly exciting! These results set the backdrop for our 2020 exploration program which will target not only this new silver discovery but even more importantly, the two very large anomalies identified by the geophysics that may be the core deposits associated with all this surrounding mineralization. 2020 should be a very exciting year for Affinity."

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