DFMTF - Exploring Mining Podcast Episode 145
Point Roberts, WA and Delta, BC - February 23, 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.
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https://www.investorideas.com/Audio/Podcasts/2021/022321-Mining.mp3
Exploring Mining Podcast Episode 145 - News from (NYSEAmerican: SILV) (TSX: SILV) (TSXV: DEFN) (OTCQB: DFMTF) (TSXV: JG) (NYSE: GOLD) (TSXV: MTU)
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SilverCrest Metals Inc. ( NYSE American:SILV ) ( TSX:SIL ) has completed its prospectus offering announced on February 11, 2021 for the issuance of a total of 15,007,500 common shares at a price of US$9.20 per common share for gross proceeds of US$138,069,000, including exercise of the over-allotment option in full. According to the press release , SilverCrest "plans to use the net proceeds of the Offering to expand the Las Chispas resources and reserves through further drilling, to optimize the mine and processing plant design, to explore regional targets, and for general working capital purposes."
Defense Metals Corp. ( TSXV:DEFN ) ( OTCQB:DFMTF ) has announced the completion of quarterly stream flow measurements, and water quality sample collection; in addition to installation of snow survey markers, weather station data download, and equipment checks at its Wicheeda Rare Earth Element (REE) Property. The company's CEO, Craig Taylor, said:
"Continuation of baseline environmental monitoring and ensuring we remain on schedule with completion of quarterly field visits demonstrates our commitment to advancing the Wicheeda REE Project. Defense Metals continues to be one of the most active companies in the rapidly emerging REE space as we work in parallel on all facets of project development including: baseline environmental, pilot-scale metallurgical studies; in addition to economic modelling and scenario analysis as we work towards completion of a PEA during 2021."
Japan Gold Corp. ( TSXV:JG ) has received approval by the Barrick Alliance for a $4 million USD budget, funded entirely by Barrick Gold Corporation ( NYSE:GOLD ), to complete the proposed 2021 regional exploration work programs. According to the press release, these exploration programs "are aimed at identifying new gold prospects through the systematic sampling of stream sediments for bulk leach extractable gold ("BLEG"), and gold and multi-element pathfinder analysis of rock samples." Robert Krcmarov, Executive Committee Chairman of the Barrick Alliance, said:
"We are very pleased with the progress achieved and the anomalies generated to date notwithstanding the less than ideal circumstances imposed by the global COVID-19 pandemic. We look forward to completing the initial phase of project screening and the potential opportunities that will come out of this work."
Manitou Gold Inc. ( TSXV:MTU ) has provided an update on its ongoing 10,000 m drill program along the southeastern segment of the Baltimore deformation zone (BDZ), on its 100 percent-owned Goudreau Project. Richard Murphy, President and CEO of Manitou Gold, explained:
"The recent confirmation of the BDZ as a crustal-scale break and deformation zone with associated gold mineralisation confirms all of our exploration rationale. I look forward to our ongoing drill program results, as well as the results from the large scale IP and magnetic surveying of an additional 10 km strike length along the BDZ. Our drill program has been doubled to 10,000 m based on recent success and we expect to have a continuous flow of drilling news over the next few months, which we believe will demonstrate the potential of our 18 kilometres along the BDZ."
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