Exploring Mining Podcast: News from (NYSE American: SILV) (TSX: SIL) (NasdaqGS: SSRM) (TSXV: OCG) (TSXV: FMC) (TSXV: SOCK)
Point Roberts, WA and Delta, BC - April 21, 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 American: SILV) (TSX: SIL) (NasdaqGS: SSRM) (TSXV: OCG) (TSXV: FMC) (TSXV: SOCK)
SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has announced that SSR Mining Inc. (NasdaqGS:SSRM) has elected to exercise its equity participation right pursuant to an agreement between the two companies dated November 28, 2018. Specifically, SSR Mining has agreed to purchase 3,597,291 shares of SilverCrest for aggregate proceeds of CAD$26,979,682.50 at the same price of CAD$7.50 as the non-brokered private placement offering announced by SilverCrest on April 13, 2020 and closed, as announced, on April 17, 2020. According to the press release, net proceeds from this "will be used for continued exploration and development of the Company's Las Chispas Project and for general working capital and administrative purposes."
Outcrop Gold Corp. (TSXV:OCG) has resumed exploration work at the Santa Ana high grade silver project in Colombia with the Phase 2 drill program set to commence on April 28. Outcrop CEO Joseph Herbert said:
"Outcrop is pleased to resume exploration activities on Santa Ana with the endorsement of the Mayor and officials of Falan, while strictly following all protocols designed to maximize health protection of workers and other locals. Adherence to protocols will be monitored by our health and safety professional hired for the project."
Forum Energy Metals Corp. (TSXV:FMC) has completed six holes totalling 1,819 metres on its Fir Island uranium project located on the north rim of the Athabasca Basin in Saskatchewan. Previous drilling in 2015 yielded results which indicated potential discovery of nearby uranium mineralization. According to the press release, the six holes drilled in March 2020 were "successful in locating the prospective host structure for uranium mineralization with similar features as the 2015 drilling." Further information, including assays and drill data interpretation, are expected in May.
Smooth Rock Ventures Corp. (TSXV:SOCK) has entered into an Exploration Lease with Option to Purchase Agreement on the Giroux Project, in Mineral County, Nevada. Hosting the past-producing Giroux Mine, the Project "consists of 12 patented claims and 36 unpatented mining claims with a combined area of 390 hectares (965 acres)." According to the press release, the company "has begun Phase I of the Giroux exploration program which will consist of reconnaissance prospecting, geological mapping, surface trenching, sampling, and relocating historical workings," which will "provide accurate modern data to assist in the planning of the phase II drill program."
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