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Exploring Mining Podcast Episode 129: News from (ASX: NCM) (TSXV: HIGH) (TSX: LN) (TSXV: ECC)

 

Point Roberts, WA and Delta, BC - December 22, 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 129: News from (ASX: NCM) (TSXV: HIGH) (TSX: LN) (TSXV: ECC)

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Lihir Gold Limited, the wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), has completed the signing of new compensation, relocation and benefits sharing agreements with the mining lease area landholders at its Lihir gold mine in New Ireland Province, Papua New Guinea. Craig Jones, Newcrest's COO for Papua New Guinea, said:

"These agreements build on the strong relationships developed with the mining lease area landholders over recent years and provides transparency of compensation, relocation and benefits sharing and clear accountability for the development agenda for Lihir Island."

HighGold Mining Inc. (TSXV:HIGH) has revealed the first round of assay results from the 2020 Fall Drill Program at its Munro-Croesus project at the Timmins gold camp in Ontario, Canada. The project saw the completion of a total of 31 holes, totalling 2,645 meters drilled. Drill intersection highlights include holes with 190.5 g/t Au over 0.5 meters, 8.25 g/t Au over 0.4 meters, and 11.01 g/t Au over 1.1 meters. The company's President and CEO, Darwin Green, commented:

"The successful near-surface intersection of a high-grade vein structure overlying the historic Croesus Gold Mine workings highlights the opportunity for additional discoveries in an established bonanza grade gold environment. Equally significant is the intersection of high-grade gold approximately one kilometre away at the #4 Shaft target, which brings into focus the greater potential of HighGold's recently consolidated and surprisingly underexplored Munro-Croesus property package."

Loncor Resources Inc. (TSX:LN) has reported significant gold intercepts at its flagship Adumbi deposit, part of its 84.68 percent-owned Imbo Project in the Democratic Republic of the Congo. Notably, the second core hole of the deposit's 7,000 metre drilling program has intersected 33.30 metres grading 3.25 g/t gold (including 5.70 metres grading 7.00 g/t Au and 9.07 metres grading 5.11 g/t Au) and 10.45 metres grading 3.88 g/t Au. Peter Cowley, Loncor's President, said:

"We are very encouraged by the results of the first two core holes 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. These two infill holes were drilled within the open pit shell where there is already an inferred resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold). These results will further increase the inferred resource. Deeper drilling is now being focussed on the plunging/downdip mineralization below the pit shell."

Ethos Gold Corp. (TSXV:ECC) has entered into two earn-in agreements under which it may earn a 100 percent interest in the 6,350 hectare Toogood claim group and the 1,800 hectare McGrath claim group on New World Island in Newfoundland, Canada. Rob Carpenter, Chief Technical Advisor to Ethos, explained the significance of this:

"These acquisitions increase our claim area substantially from 33.5 km2 to 115 km2 covering a large area of prospective lithology with multiple high-grade gold occurrences over 28 km of strike. Historic work has been limited and sporadic but has nonetheless delivered very encouraging results, and the project is wide open to a new effort to understand the controls of gold mineralization and to look for economic concentrations of near surface gold. We are currently compiling and interpreting all available historic data and look forward to kicking off a significant program on the ground in the spring of 2021, with the intention of developing drill targets."

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