Investorideas.com Newswire - Exploring Mining Podcast Episode 102: News from (NYSE American: SILV) (TSX: SIL) (NYSE American: GSV) (NYSE American: LODE) (OTC: TNGL) (TSXV: TEM)
Point Roberts, WA and Delta, BC - September 17, 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 102: News from (NYSEAmerican: SILV) (TSX: SIL) (NYSEAmerican: GSV) (NYSEAmerican: LODE) (OTC: TNGL) (TSXV: TEM)
SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has appointed Tara Hassan, a mining engineer with over 15 years of industry experience, as Vice President, Corporate Development. SilverCrest President Chris Ritchie commented:
"We are excited to add Tara to the team ahead of what will be a pivotal year for SilverCrest. As we approach the completion of our Las Chispas Feasibility Study in Q4 2020, we welcome Tara's technical and capital markets experience. Tara's addition further complements our highly experienced and dedicated team, which remains focused on moving Las Chispas forward and driving additional value through the drill bit both at Las Chispas, and the recently acquired El Picacho property."
Gold Standard Ventures Corp. (NYSE American:GSV) has announced plans for an expanded 2020 development and exploration drilling program on its 100 percent-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. Estimated at about $10.05 million, the program will comprise "an estimated 10,457m of reverse-circulation ("RC") and core drilling in 67 holes, and includes funding for development, exploration, permitting and operational requirements in support of the ongoing South Railroad Feasibility Study." Jonathan Awde, CEO and Director of Gold Standard, explained:
"With this program, we expect to finalize the reserves to be included in our first feasibility study and launch the permitting process for the South Railroad Project. We see enhanced potential for improvement over our pre-feasibility study of last year from reserve expansion, better processing options and a deeper understanding of the most efficient project design and operating parameters. We expect some exciting developments as we seek to optimize shareholder value in a rising gold environment."
Comstock Mining Inc. (NYSE American:LODE) has completed the sale of its Lucerne mine to Tonogold Resources, Inc. (OTC:TNGL) for total value and consideration of approximately $25.9 million. Corrado De Gasperis, Executive Chairman and CEO, Comstock Mining, said:
"This transaction delivered strong value for our shareholders, advanced Lucerne for expansion and growth toward production, and just enabled us to eliminate all of our secured debt, while securing NSR royalties, cost subsidies and future lease revenues for our processing facilities. We are also very excited that Tonogold has commenced drilling associated with their mineral lease to explore, develop and mine properties in Storey County."
Tembo Gold Corp. (TSXV:TEM) has provided an update on its Ngula 1 target. Findings indicate that the target has "demonstrated the presence of both wide low-grade and narrower high-grade mineralisation," and have "confirmed that significant structural trends hosting gold mineralisation in multiple sub-parallel structures exist within an east-west corridor in excess of 600m in strike and some 150 to 200m wide." David Scott, President & CEO, said:
"The drilling conducted at Ngula 1 highlighted the potential not just of this target, with some outstanding results, but the potential of the entire greenstone fragment, within which we have only conducted limited drilling within an area of 10km2 on which the focus has been. Much remains to be done and further success is anticipated. Depending on the prioritization established through the current technical review, our aim is to fast track resource definition through focused drill programmes."
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