PVG - Exploring Mining Podcast Episode 176: FOR AGI CDE PVG
Point Roberts, WA and Delta, BC - June 15, 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 176 - News from (TSXV: FOR) (NYSE: AGI) (NYSE: CDE) (NYSE: PVG)
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Fortune Bay Corp. ( TSXV:FOR ) has announced Phase 1 drilling results for the Athona gold deposit on its Goldfields Project in northern Saskatchewan, Canada. The company's CEO, Dale Verran, explained:
"We are pleased with the Goldfields Phase 1 drilling results to date, which have successfully expanded the Athona deposit footprint to the south and confirmed the continuity of mineralization between Athona South and the main Athona deposit. We are encouraged to note the presence of high grade in one of the southernmost holes where drilling is relatively widely spaced, and mineralization remains open. The results also indicate that historical sampling and assaying from the 1930's was not comprehensive and as a result, areas of mineralization have likely been missed altogether, which presents a further opportunity for resource expansion. The Phase 1 drilling program is continuing at the Box deposit with one hole completed and a further eight planned. We look forward to results from Box where high-priority resource expansion targets have been identified."
Alamos Gold Inc. ( NYSE:AGI ) has reported results from surface and underground exploration drilling at the Island Gold mine. This includes the mine's "best hole drilled to date," at MH25-08 with 71.21 g/t Au (39.24 g/t cut) over 21.33 m. Alamos President and CEO John A. McCluskey commented:
"Over the past year, ongoing exploration success has driven another one million ounce increase in Mineral Reserves and Resources at Island Gold and returned the two best intersections to date. We expect these new results to drive further Mineral Resource growth in one of the highest grade portions of the ore body. This already large Mineral Resource block in Island East is in proximity to the planned shaft and remains open laterally and down-plunge demonstrating further significant upside to the Phase III Expansion."
Coeur Mining, Inc. ( NYSE:CDE ) has provided an update on the 2021 exploration programs at its Silvertip mine in British Columbia and Crown exploration property in Nevada. Highlights include Silvertip's newly discovered mineralized zone, called the Southern Silver Zone, the grade and orientation of which "suggests the opportunity for bulk mining." Drill results at Crown have garnered "notable assay results," which "demonstrate meaningful resource growth potential at the Daisy, Secret Pass, SNA and C-Horst zones."
Pretium Resources Inc. ( NYSE:PVG ) has announced continuing intersection of high grade gold mineralization in Phase 2 of the North Block resource expansion drill program at the Brucejack Mine in British Columbia. Highlights include drill hole VU-2933, "which assayed 561.6 grams per tonne gold over 15.0 meters, including 8,400 grams per tonne gold over 1.0 meter," and drill hole VU-2932, which "assayed 306.6 grams per tonne gold over 19.5 meters, including 5,910 grams per tonne gold over 1.0 meter." Jacques Perron, Pretivm's President and CEO, said:
"These impressive results confirm high-grade gold mineralization in the North Block Zone and further extend the potential of the Valley of the Kings deposit at Brucejack. Based on the success of the second phase, we have initiated a third and fourth phase of the drill program to further delineate the potential of the North Block Zone."
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