Exploring Mining Podcast: News from (NYSE American: SILV) (TSX: SIL) (NYSE: CCJ) (NYSE: EXK) (TSXV: SMN)
Point Roberts, WA and Delta, BC - May 12, 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) (NYSE: CCJ) (NYSE: EXK) (TSXV: SMN)
SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) will be restarting exploration and development work at its Las Chispas Project in Sonora, Mexico by mid-May using strict COVID-19 protocols. The company has also announced in-fill and expansion drill results for the Babi Vista Vein at the project, which expand the size of the high-grade footprint for the Babi Vista Vein. SilverCrest CEO N. Eric Fier commented:
"We are looking forward to safely resuming operations at Las Chispas later this month in a staged approach with safety and caution in mind. The Babi Vista Vein continues to add value to Las Chispas as we in-fill drill for resource conversion and expansion of additional high-grade silver-gold mineralization. Babi Vista was discovered in 2019 while constructing the Santa Rosa decline to intercept the Babicanora Vein in the Area 51 zone. With the schedule delays caused by COVID-19 global impact, resource estimation for the ongoing feasibility study has been pushed for completion to Q4, 2020 which allows for additional drill results, including Babi Vista, to be added to the study. More specifically, this additional time should better define the Babi Vista Vein and help in mine design and schedule by accelerating this conveniently located (access via the decline) high-grade vein early in the mine life."
Cameco Corporation (NYSE:CCJ) is resuming production at its Port Hope Conversion Facility's UF6 plant and its Blind River Refinery in Ontario, both of which are set to restart the week of May 18, 2020 and achieve regular production levels the week of May 25, 2020. Cameco President and CEO Tim Gitzel said:
"The provinces and communities where we operate are certainly not out of the woods when it comes to this global pandemic, and we must remain vigilant in how we manage our activities during these challenging times. However, we are confident that we can maintain the required roster of qualified operators to run the UF6 plant going forward, enabling us to carefully bring the plant and the UO3 refinery back into production."
"2019 marked our 15th year as a producing mining company. However, it was also a very challenging year for our mining operations, which impacted our sustainability performance. We made sweeping changes at each mine and initiated programs to improve our performance in all areas of the business. As a result, we are already seeing improvements to benefit our sustainability."
San Marco Resources Inc. (TSXV:SMN) has intersected wide zones of continuous gold mineralization from its recently completed Phase 1 drill program at its 100 percent-optioned gold/silver/zinc Buck property in B.C., Canada. The company's Executive Director, Bob Willis, said:
"We are very encouraged to see significant intervals of continuous gold mineralization at Buck, which confirms our preliminary findings that this is a large, near-surface gold/silver exploration opportunity. We intend to aggressively ramp up exploration efforts, with our 'boots on the ground' exploration team arriving on site in about three weeks. Our drill program gave us the first opportunity to see fresh core we could log and tie to gold mineralization, and to help target the best host rocks, alteration, and structural setting for gold deposition. We will use this new information to target drilling for Phase 2 and to prioritize numerous attractive, but previously poorly understood, target areas at Buck."
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