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Exploring Mining Podcast Episode 113: News from (NYSE: GOLD) (NYSE American: NG) (TSXV: ML) (TSXV: SPA) (TSXV: BRG)

 

Point Roberts, WA and Delta, BC - October 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 113: News from (NYSE: GOLD) (NYSE American: NG) (TSXV: ML) (TSXV: SPA) (TSXV: BRG)

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Donlin Gold LLC, which is owned 50/50 by Barrick Gold Corporation (NYSE:GOLD) and NovaGold Resources Inc. (NYSEAmerican:NG), has announced the completion of its 2020 85-hole drilling program totaling approximately 23,400 meters in the ACMA and Lewis deposit areas of the Donlin Gold project. With this complete, the press release indicates that the company now intends "to drive an update of mining schedules and life of mine business plans." Mark Bristow, President and CEO of Barrick, commented:

"A comprehensive geological understanding of any orebody is a foundational step that few companies in the gold industry do well. With an orebody the size, scale, and quality of Donlin Gold it is of even greater importance in order for the project to successfully deliver maximum value for all our stakeholders. Building on the last two decades of exploration, the results continue to highlight Donlin's world-class potential."

Millennial Lithium Corp. (TSXV:ML) has reported that commissioning of the lithium carbonate pilot plant at its flagship Pastos Grandes Project is underway. The press release describes the plant as a "full flowsheet design for producing up to 3 tonnes per month (tpm) of battery grade lithium carbonate." Farhad Abasov, President and CEO of Millennial Lithium Corp., said:

"Millennial is pleased to announce the commissioning of its pilot plant designed to produce up to 3 tpm of battery grade lithium carbonate. Despite COVID-19 restrictions and minor delays, the Millennial team has advanced the lithium concentration ponds and the pilot plant to the production stage. Evaporation ponds have been concentrating lithium and plant feed. The first stage of the plant, the Solvent Extraction (SX) unit to remove Boron (B) has been installed and tested. The first output of battery grade lithium carbonate is planned for Q4, 2020 marking another significant milestone for the Company. Millennial remains well funded and continues in its financing efforts to advance development of the Pastos Grandes Project."

Spanish Mountain Gold Ltd. (TSXV:SPA) has received authorization to proceed with a Preliminary Feasibility Study (PFS) for the proposed Phase 1 operation of its Spanish Mountain gold project in British Columbia, Canada. The company's CEO, Larry Yau, said:

"This is truly an exciting moment for our shareholders. As we proceed with a PFS for our Project, our technical team is encouraged by the facts that our extensive work to date and our sizable resource allow for great development flexibility and the delivery of project metrics that are highly desirable in a rising gold price environment. At the same time, our Project's favourable cost structure offers excellent value protection during periods of subdued gold price."

Brigadier Gold Limited (TSXV:BRG) has announced that the first three diamond drill holes that make up the 5000 metre, 40-hole program at the company's Picachos Property have intersected the San Agustin vein up to 125 metres below the historic Nuevo Carrito adit. Brigadier Gold's President and CEO, Ranjeet Sundher, said:

"Michelle Robinson and her team on the ground at Picachos have delivered promising early results indicating that the vein which hosts the historic high grade San Agustin gold mine may be of material width and vertical continuity. The project's first ever diamond core drill program is playing a substantial role in assisting the Company to better understand the geology and structure of the four vein systems we are targeting, while uncovering important details previously unknown to historical operators."

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