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Exploring Mining Podcast Episode 111: News from (NYSE: KGC) (NYSEAmerican: FURY) (TSX: XTG) (TSXV: VEIN)

 

Point Roberts, WA and Delta, BC - October 20, 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 111: News from (NYSE: KGC) (NYSEAmerican: FURY) (TSX: XTG) (TSXV: VEIN)

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Kinross Gold Corporation (NYSE:KGC) has released a long-term production profile, indicating "that it expects to produce an average of approximately 2.5 million gold equivalent ounces per year from 2020 - 2029 driven primarily by promising organic opportunities across its global portfolio." The company's President and CEO, J. Paul Rollinson, said:

"Kinross has a diverse global portfolio with top-tier assets that have long mine lives complemented by a large mineral reserve and resource base. The reinvestments in our portfolio, continuous improvement initiatives and exploration programs have enabled us to add lower cost and lower risk projects that leverage existing infrastructure and enhance our long-term production profile. Our strong production profile, combined with our robust financial position and recently reinstated quarterly dividend, point to an exciting future for our Company."

Fury Gold Mines Limited (NYSE American:FURY) has received the necessary permits from the government of Quebec, for the initial 22 drill pads for its fully funded 50-thousand-meter drill program at the Eau Claire project in the James Bay region of Quebec, Canada. Fury Gold's President and CEO, Mike Timmins, explained:

"In two weeks we will ignite a non-stop campaign of exploration activity, which will provide the engine to drive shareholder value. We will also be making key personnel additions to the team and will release the first of what will be a steady stream of targeting updates followed by drill results from Eau Claire. The balance of the year is going to be busy as we initiate Fury's inaugural drill program and build value for our shareholders through exploration, drilling and potential discovery across the Canadian portfolio."

Xtra-Gold Resources Corp. (TSX:XTG) has revealed assay results for an additional 13 drill holes from its current resource expansion target generation program within the Zone 2 - Zone 3 maiden mineral resource footprint area, on its wholly-owned Kibi Gold Project, in Ghana, West Africa. Highlights include 61.57 metres grading 2.42 grams per tonne gold, including 5.13 g/t gold over 21.5 metres, from down-hole depth of 18.2 metres, as well as 55.3 metres grading 2.1 g/t gold, including 3.47 g/t gold over 16.6 metres, from down-hole depth of 96.2 metres. James Longshore, President and CEO of Xtra-Gold, said:

"We are very satisfied with the results of this initial phase of resource expansion drilling at the Double 19 deposit. These results have confirmed the down plunge continuity of the central fold hinge gold shoot, outside the scope of the current inferred mineral resource, as well as impactfully increased the resource expansion potential along the limbs of the fold structure. Considerable insight has been gained into the litho-structural controls of the Zone 2 - Zone 3 gold mineralization over the last few years, with the evolving geological model providing enhanced drill targeting to further maximize the Kibi Gold Project's economic potential."

Pasofino Gold Limited (TSXV:VEIN) has started exploration at its Dugbe gold project, which comprises a step-out drilling program, drilling of new targets and large scale regional soil sampling. The CEO of the company's Africa Operations, Ian Stalker, said:

"Drill testing of just three of the many gold targets previously identified on the project led to the discovery of the large Tuzon and Dugbe F deposits. These host Indicated and Inferred Mineral Resources of 2.3 and 1.3 Moz respectively, and our objective is to grow this resource by discovering new deposits and extending the existing resources. We are now ready to roll out a program to test the best of 100+ targets present, some of which are 'new' and have obvious discovery potential; and drill possible extensions of the existing deposits."

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