KL - Exploring Mining Podcast Episode 151
Point Roberts, WA and Delta, BC - March 16, 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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Exploring Mining Podcast Episode 151 - News from (NYSE: KL) (NYSEAmerican: UEC) (NYSEAmerican: SMTS) (CSE: CRS)
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Kirkland Lake Gold Ltd. ( NYSE:KL ) has announced results from 30 holes (21,928 m) of drilling at its Detour Lake property. Tony Makuch, President and CEO of Kirkland Lake Gold, explained:
"With today's results, we are increasingly confident that a large continuous deposit is situated along the Detour Mine Trend ("DMT") that extends from the Main Pit, through the Saddle Zone and continues beyond the West Pit location. We are also extremely encouraged by the wide, high-grade intersections being reported at depth across the Saddle Zone, which confirm the potential for strong growth in Mineral Resources and Mineral Reserves in support of future open-pit and as well as underground mining."
Uranium Energy Corp. ( NYSEAmerican:UEC ) has filed a quarterly report including the company's condensed consolidated financial statements, which indicate $65.8 million in cash and equity holdings. The company is also establishing a physical uranium inventory initiative aimed to: bolster its balance sheet as uranium prices appreciate, provide strategic inventory to support future marketing efforts with utilities that could compliment production and accelerate cash flows, and increase the availability of the company's Texas and Wyoming production capacity for emerging U.S. origin specific opportunities. Amir Adnani, Uranium Energy Corp.'s CEO and President, said:
"With $65.8 million in cash and equity holdings, UEC has the balance sheet strength to lead U.S. uranium production higher at the most critical time for the domestic industry since the inception of the civilian nuclear power program began in the 1950s. Nuclear power is the second largest source of electricity generation in the U.S. and its largest source of carbon-emission free electricity. America is also the largest consumer of uranium in the world, yet there is no uranium currently mined domestically."
Sierra Metals Inc. ( NYSEAmerican:SMTS ) has received an Informe Tecnico Sustentatorio (ITS) permit from the Peruvian Ministry of Environment, which according to the press release is "the second to last step for the Company on receiving approval to increasing the permitted throughput of the Chumpe Plant, located at the Yauricocha Mine, to 3,600 tonnes per day." Luis Marchese, CEO of Sierra Metals, said:
"The Company may now submit the required documentation for an Informe Tecnico Minero ("ITM") permit, which is the final step in the process to permit an increased throughput at Yauricocha to 3,600 TPD. The Company expects to receive the ITM permit in the second quarter of 2021. This permit would allow a 20% increase in throughput and assist the Company in maintaining its annual production guidance."
Crestview Exploration Inc. ( CSE:CRS ) has staked an additional 40 claims at the recently acquired Cimarron gold prospect in Nye County, Nevada. This makes for a total of 53 claims held at the Cimarron project. J.A. Lowe, Crestview's Vice-President Exploration, said:
"These 40 new claims represent a significant increase to our land position at the Cimarron gold prospect. The data we have reviewed at our core claims suggests that mineralization is strongly associated with North-South structures, and we believe there is opportunity to find extensions of these or parallel structures on the newly staked claims."
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