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Exploring Mining Podcast Episode 96: News from (NYSE American: SILV) (TSX: SIL) (TSXV: BNCH) (NYSE American: LODE) (TSXV: RDG)

 

Point Roberts, WA and Delta, BC - August 27, 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 Episode 96: News from (NYSE American: SILV) (TSX: SIL) (TSXV: BNCH) (NYSE American: LODE) (TSXV: RDG)

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SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has acquired the El Picacho property near its Las Chispas property in Sonora, Mexico. Specifically, the property was acquired by SilverCrest subsidiary, Compania Minera La Llamarada, and an affiliate, for a purchase price of $1.6 million, giving 100 percent ownership in 11 mining concessions of the property totalling approximately 7,060 hectares. Eric Fier, SilverCrest Metals CEO, said:

"We first looked at acquiring Picacho in 2016, after the sale of SilverCrest Mines Inc. (SilverCrest's predecessor) in 2015, as a continuation of our regional exploration program in search of a new district containing multiple precious metal epithermal veins. After 4 years of patience, we have now acquired the next district. The most historic prominent vein in the district, El Picacho Vein, can be easily accessed by a 4 metre by 4 metre underground decline which visually shows the vein underground as approximately 6 metres wide with historic grades and SilverCrest recent sampling results ranging from 350 to 1,000 gpt silver equivalent ("AgEq"*). Historic drill intercepts in this vein's initial high-grade footprint have a weighted average of 4.1 metres grading 618 gpt AgEq* (see attached Figures, Table and Historic Qualification below). We plan on using our 15 years of local experience gained at Santa Elena and Las Chispas to unlock the potential at Picacho. The Company anticipates starting an exploration drill program at Picacho before the end of the year, subject to permitting and minimal disruptions from COVID-19."

Benchmark Metals Inc. (TSXV:BNCH) has announced the discovery of new mineralized structures, broad zones of alteration, veining, and sulphide mineralization at the Marmot Zone. The company has completed drill hole planning and will start drilling soon, according to the press release. Benchmark CEO, John Williamson, commented:

"The new gold-silver discovery provides additional geological support that the entire +20 kilometre long, Lawyers gold-silver trend remains under-explored and hosts potential for multiple, large gold-silver bearing zones across the entire 140km2 land package. The Benchmark team continues to develop and discover new targets while advancing the heart of the property with an aggressive resource definition and expansion drill program. Drill results from the on-going resource expansion drill program are anticipated following delivery of assay certificates from the laboratory and interpretation by the Benchmark team."

Comstock Mining Inc. (NYSE American:LODE) has contracted Geotech Ltd to "conduct airborne geophysical surveys of its wholly owned Dayton resource area and adjacent Spring Valley exploration targets." Corrado DeGasperis, Comstock CEO, said:

"We have secured a nearly 3-mile continuous trend in the southern half of the Comstock District, with known, higher-grade gold and silver mineralization and significant expansion potential. Geotech's surveys will provide invaluable data, to both corroborate and expand our knowledge of the potential mineralization, at depths not previously explored, enabling us to, among other things, finalize the most effective and efficient drill program."

Ridgeline Minerals Corp. (TSXV:RDG) has completed its Phase II drill program at the Selena Gold Project in White Pine County, Nevada. The company's VP of Exploration said:

"We are pleased with the completion of our Phase II scout drill program on schedule. We tested both the Chinchilla and Juniper targets at the favorable Pilot Shale contact and observed a strong correlation between alteration intensity and proximity to the northwest striking Juniper fault zone. As a result, we increased the scope of our program to test to the south of Chinchilla along the Juniper fault zone, which we interpret as a potential feeder fault connecting the Chinchilla and Juniper targets."

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