DFMTF - Exploring Mining Podcast: DEFN IAUX ESPN ALMA

2023-06-07 14:00:00 ET

Vancouver, Kelowna, Delta, BC - June 7, 2023 (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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Defense Metals Corp. ( TSXV:DEFN ) ( OTCQB:DFMTF ) has completed the Phase II hydrometallurgical pilot plant test work for its wholly-owned Wicheeda Rare Earth Element (REE) Project and has announced the commencement of Pre-Feasibility Study (PFS) work. The company's metallurgical consultant, John Goode, commented:

"With the completion of the recent beneficiation testwork and hydrometallurgical testwork and pilot plant operations, we are now ready to provide our engineering consultants, with the metallurgical test data necessary for them to commence the design work that forms a critical part of the Wicheeda project Pre-feasibility Study."

i-80 Gold Corp. ( NYSEAmerican:IAUX ) has reported positive results from underground drilling at its 100 percent-owned McCoy-Cove Property in Lander County, Nevada. The ongoing ~40,000 metre drill program, according to the press release, "is focused on upgrading resources in the Helen and CSD/Gap Zones in advance of completing an updated resource estimate and a full feasibility study." The company's Chief Geologist, Tyler Hill, said:

"The underground drilling program at Cove is focused on defining mineralization for ultimate mine planning. The first nine holes drilled have demonstrated continuity of gold mineralization in the upper portion of the CSD Gap horizon, confirming Cove as one of the highest-grade development-stage gold deposits in North America."

Hispania Resources Inc. ( TSXV:ESPN ) has announced the acquisition of the Lumbrales Deposit Permit, covering 2,900 hectares and containing the formerly producing Mari Tere mine and two other artisanal tin prospects in the Stanniferous Iberian Belt of Spain. Norman Brewster, the company's CEO, explained:

"Given the current market forecasts of Tin, this property holds considerable financial potential. We plan to explore the expansion of the resource and consider the reprocessing of existing tailings as we begin work on the site. Equally important is the existing infrastructure, including decline ramps, surface shafts and underground developments. The construction of these features would typically take a mining company several years of permitting and work, positioning us favorably to advance this crucial project. We eagerly anticipate our continued growth in Spain."

Alma Gold Inc. ( CSE:ALMA ) has acquired three exploration licenses or "Autorisation de Reconnaissance" near the town of Dialakoro in the Mandiana Prefecture in northeast Guinea with a fourth exploration license located 30 km to the south still pending. All four licenses are located "within the Upper Birimian to Lower Tarkwa Group of sedimentary rocks of the world-class orogenic gold producing district known as the Siguiri Basin in northeast Guinea."

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