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Exploring Mining Podcast Episode 122: News from (NYSE: AA) (NasdaqGS: KALU) (NYSE: IAG) (NYSE: EXK) (TSX: LN)

 

Point Roberts, WA and Delta, BC - December 1, 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 122: News from (NYSE: AA) (NasdaqGS: KALU) (NYSE: IAG) (NYSE: EXK) (TSX: LN)

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Alcoa Corporation (NYSE:AA) has announced an agreement to sell its rolling mill business to Kaiser Aluminum Corporation (NasdaqGS:KALU) for total consideration of approximately $670 million. The transaction will see Alcoa "retain ownership of the site's 269,000 metric ton per year aluminum smelter and its electric generating units," and "enter into a market-based metal supply agreement with Kaiser Aluminum at closing." Roy Harvey, CEO of Alcoa, said:

"The sale will achieve a key target in our strategy to focus on core markets while generating additional cash. We look forward to having Kaiser Aluminum as a valued customer at Warrick Operations, and we thank all of the employees who have contributed significantly to the site's 60-year history of manufacturing excellence."

IAMGOLD Corporation (NYSE:IAG) has reported the remaining assay results from its 2020 exploration diamond drilling program at its Nelligan joint venture project in Quebec, Canada. Craig MacDougall, Executive Vice President, Growth for IAMGOLD, explained:

"These remaining results continue to demonstrate continuity of mineralization from the infill drill holes completed in the resource area, and importantly, also continue to demonstrate that mineralization extends well beyond the area of the current modeled resource to the west for at least 500 to 700 metres. The mineralization and associated alteration intersected to date along this western extension appears similar to that observed in the current estimated resource and has potential to expand existing project resources with additional drilling. I must congratulate the exploration team for their perseverance to safely and successfully complete the 2020 exploration program with the numerous challenges posed by the global COVID-19 crisis."

Endeavour Silver Corp. (NYSE:EXK) is intersecting high-grade gold-silver mineralization in the Melladito and San Bernabe vein systems at the Bolanitos mine in Guanajuato, Mexico. According to the press release, the site has seen 22 holes drilled, of which, 11 holes and 22 mineralized intervals returned high grades over mineable widths. Highlights include: hole BN-58, which boasted 12.76 gpt gold and 55 gpt silver over 4.5 m true width, featuring 0.4 m grading 43.5 gpt gold and 171 gpt silver, and hole BN-52, which reported 0.51 gpt gold and 491 gpt silver over 2.7 m true width, featuring 0.4 m grading 1.74 gpt gold and 2,220 gpt silver.

Loncor Resources Inc. (TSX:LN) has reported multiple gold intercepts at the first core hole of a 7,000 metre drilling program at its flagship Adumbi deposit. This includes "20.33 metres grading 2.47 g/t gold (including 4.8 metres grading 5.40 g/t Au), 7.33 metres grading 5.80 g/t Au and 20.77 metres grading 1.72 g/t Au, on its 84.68% owned Imbo Project," in the Democratic Republic of the Congo (DRC). Loncor's President, Peter Cowley, commented:

"We are encouraged by the results of this first hole of our 7,000 metre drilling program at Adumbi where we are targeting a significant increase of resources, both within and below the open pit shell. Exploration is also ongoing on new targets along the 14 kilometre long mineralized trend on the Imbo permit in order to generate additional drill targets. If we achieve our objectives, the next step will be a Preliminary Economic Assessment to illustrate the positive economic potential that we believe is contained within Adumbi and the neighbouring deposits and other targets within the Imbo exploitation permit."

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