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Exploring Mining Podcast Episode 115: News from (NYSEAmerican: GORO) (TSXV: MAE) (TSXV: CQR) (TSXV: GZD)

 

Point Roberts, WA and Delta, BC - November 3, 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 115: News from (NYSEAmerican: GORO) (TSXV: MAE) (TSXV: CQR) (TSXV: GZD)

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Gold Resource Corporation (NYSEAmerican:GORO) has reported consolidated production results for its third quarter ended September 30, 2020, including production of 12,575 gold ounces and 333,761 silver ounces. This quarter also saw the company report a net income of $5.0 million or $0.07 per share. Gold Resource Corporation's CEO and President, Jason Reid, said:

"Our successful third quarter demonstrates our strength and determination. Despite the mandatory two-month shutdown in Mexico during the second quarter, our Oaxaca Mining unit is back to generating free cashflow while putting employee and community health and safety first. Nevada also delivered on generating free cash flow with its record quarterly gold production, a 51% increase over the prior quarter, while continuing rigorous COVID protocols. Additionally, we made a deliberate strategic move to unlock and increase shareholder value from both mining units by initiating the spin-off of the Nevada Mining Unit to shareholders as Fortitude Gold Corporation."

Maritime Resources Corp. (TSXV:MAE) has announced additional assay results from its ongoing exploration program at the Hammerdown Gold Project in Newfoundland and Labrador. Garett Macdonald, President and CEO of Maritime Resources, explained::

"Over the past few weeks our exploration program has begun branching out from our main Hammerdown gold deposit to test key targets along the 5 kilometre SW-NE geological trend to identify new sources of mineralization that could add value to Hammerdown Gold Project.

At the Orion deposit, located 1.5 kilometres SW of Hammerdown, recent drilling continues to define a wide zone of shallow mineralization amenable to open pit mining and a potentially new style of structurally controlled, high grade mineralization containing visible gold. We intend to follow up on these intersections with step out drilling to further evaluate these opportunities."

Conquest Resources Limited (TSXV:CQR) has expanded its land holdings in the Temagami Mining Camp near Sudbury in Northern Ontario, Canada, after the staking of 588 mining cells, encompassing approximately 93 sq km. According to the press release, the company "now controls over 220 sq km of underexplored territory, including the past producing Golden Rose Mine at Emerald Lake," in the aforementioned Temagami Mining Camp

Grizzly Discoveries Inc. (TSXV:GZD) has closed a private placement, earning it gross proceeds of $230,300. According to the press release, the company "intends to use the proceeds from the Units for general working capital, and the proceeds from the Units and FT Units on exploration of its Greenwood and Robocop mineral projects in British Columbia."

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