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Exploring Mining Podcast Episode 98: News from (NYSE: FSM) (NYSE American: AUG) (TSXV: LITH) (TSXV: UGM)


Point Roberts, WA and Delta, BC - September 3, 2020 ( Newswire), 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 98: News from (NYSE: FSM) (NYSE American: AUG) (TSXV: LITH) (TSXV: UGM)


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Fortuna Silver Mines Inc. (NYSE:FSM) has announced the start of irrigation and leaching of ore placed on the heap leach pad at the Lindero gold Project, in Salta province, Argentina. According to the press release, the first gold pour is expected in early October 2020. Fortuna's President and CEO Jorge A. Ganoza said:

"In spite of all the restrictions and challenges brought by the COVID-19 pandemic, we are managing to successfully advance Lindero in a safe and secure manner for our personnel and neighbours. With the start of irrigation, we achieved one more key milestone in the pre-production phase as we prepare for what follows, the first gold pour at our third producing mine."

Auryn Resources Inc. (NYSE American:AUG) has completed the purchase of six Sombrero copper-gold concessions in southern Peru that were optioned in 2016 from Alturas Minerals S.A. According to the press release, the company "believes Sombrero is hosted within a northwestern extension of the Andahuaylas-Yauri copper-gold porphyry and skarn belt, which hosts the Las Bambas, Haquira, Los Chancas, Cotambambas, Constancia, Antapaccay and Tintaya deposits."

Lithium Chile Inc. (TSXV:LITH) has received assay results from the first batch of samples taken from its 100 percent-owned Carmona gold silver property, supporting the property's potential of hosting a number of gold/silver bearing zones. Steve Cochrane, President and CEO of Lithium Chile, commented:

"We are extremely pleased from the initial sample results from our Carmona gold/silver prospect. These early samples confirm the potential for Carmona to host a number of gold/silver deposits. We now have an expanded exploration program on the property underway and look forward to additional results soon. With the high level of interest in gold these days and indeed Lithium Chile's gold properties, it is our intention to advance exploration development on these prospects as quickly as possible."

UrbanGold Minerals Inc. (TSXV:UGM) has completed the first phase of drilling on the Company's 100 percent-owned Pallador property in Quebec. The six-hole drill program totalled 1,620 metres focussing "on geophysical targets located up-ice from anomalous gold bearing boulders and tills within a favorable geological context and where a major fault has been interpreted." Assay results for this drill program are expected in the fall.

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