Exploring Mining Podcast 204 - (TSXV: OTGO) (NYSE: RIO) (NYSE: AA) (NYSE: IAG)
Point Roberts, WA and Delta, BC - September 21, 2021 (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. Today's podcast was sponsored by O2Gold Inc. (TSXV:OTGO), a mineral exploration company with activities in Colombia.
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Exploring Mining Podcast Podcast 204 - (TSXV: OTGO) (NYSE: RIO) (NYSE: AA) (NYSE: IAG)
O2Gold, Inc. (TSXV:OTGO) has reported high-grade gold-silver intercepts from its first drill hole at the Aurora Tunnel in Colombia, where it has exploitation and production permits. This comes from a drill campaign on the Aurora project being carried out by two rigs. The press release highlights drill cores of the hole AUR-21-00, which showed 0.7m @ 20.11 g/t Au and 3.30 g/t Ag from 97.4 m in the main Aurora vein. An excerpt reads:
The hole finished a final depth of 220 meters and cut the entire anomalous sequence identified in the spontaneous potential mapping previously announced by the Company in a press release dated August 31, 2021. The intersection between 8.70 - 11.70 m is an additional highlight for the Company, as it indicated an interval of 3 m @ 12.30 g/t Ag. Though a highly-weathered and low-recovery interval, it showed fragments of quartz veins, precisely in the interval that the spontaneous potential indicated as anomalous. Scheduled drill holes from the ongoing, 8,000 m drill campaign will aim to better intercept and recover intervals to identify the true potential of this anomaly.
Rio Tinto Group (NYSE:RIO) has approved a new solar farm and battery storage at Weipa in Queensland, in an effort to triple the local electricity network's solar generation capacity and help provide cleaner power to Rio Tinto's operations. Michelle Elvy, Rio Tinto Aluminium Pacific Bauxite Operations' General Manager, said:
"The new solar farm and battery storage system is part of Rio Tinto's group-wide commitment to reduce emissions across our operations. There is clearly more work to be done, but projects like this are an important part of meeting our climate targets."
Alcoa Corporation (NYSE:AA) has announced plans to restart 268,000 metric tons per year (mtpy) of aluminum capacity at the Alumar smelter in Sao Luis, Brazil. The target of 268,000 mtpy is anticipated to be operational in the fourth quarter of 2022. John Slaven, Executive Vice President and Chief Operating Officer of the company, said:
"Our restart decision is based on an analysis that shows the smelter can be competitive throughout all cycles, leveraging the co-located refinery, a strong workforce, and competitive, renewable power arrangements. With this planned restart, we'll be able to build upon the strong capabilities at this site and capture benefits for our investors, customers, employees and the stakeholders in the state of Maranhao in Brazil."
IAMGOLD Corporation (NYSE:IAG) has reported additional positive assay results from its delineation diamond drilling program at the Gosselin zone discovery in Ontario, Canada. Craig MacDougall, Executive Vice President, Growth for IAMGOLD, explained:
"These additional drilling results continue to demonstrate the continuity and strength of this wide mineralized system. The Gosselin zone remains open to the northeast and southeast as well as at depth. I want to acknowledge the tremendous effort of our exploration team to safely complete this logistically challenging drilling campaign, as well as our core shack technicians who processed and prepared large numbers of core samples to facilitate a timely submission for analysis. Additionally I want to acknowledge the support of our assay laboratory partner to expedite the assaying of the drill core samples allowing for their inclusion in the drilling database to support the completion of a maiden resource estimate, which we expect to release in the fourth quarter of 2021."
Exploring Mining Podcast Sponsor
O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team's deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.
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