MIS:CC - Exploring Mining Podcast: MIS OPHR THX GROY EXK

2023-08-31 14:20:00 ET

August 31, 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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Yesterday saw the price of gold rise from around $1,942 USD, where it had remained for most of the week, to as high as about $1,976, where it has more or less stayed into today. According to writer Naeem Aslam - writing for Nasdaq - this coincided with the much-anticipated release of data regarding U.S. consumer confidence, which "signaled a potential slowdown in consumer spending, and may have given gold "a temporary surge as investors sought a safe haven for their funds." Aslam also cites the similarly disappointing results of the U.S. JOLTS job opening number - also released yesterday - which likewise may have "spooked the markets."

Mistango River Resources Inc. ( CSE:MIS ) has received its drill permit and is positioned to start its 4,000 meter drill program at its Goldie Project, 50 kilometers west of Thunder Bay, Ontario, Canada. The company is fully funded, has obtained all the necessary permits, and aims to drill across 7 to 12 drill collar locations adjacent to Delta Resources' recent Delta-1 Gold discovery.

Ophir Gold Corp. ( TSXV:OPHR ) has restarted exploration activities at the Radis lithium project, following the lifting of the fire ban and improved conditions in the Western half of the Eeyou Istchee, James Bay region of Quebec, Canada. According to the press release, the company's crews "will focus on the detailed mapping of the identified showings, locating possible extensions along strike and prospecting areas yet to be fully assessed, including the 300 ft x 70 ft potential spodumene zone identified from historical data compilation."

Thor Explorations Ltd. ( TSXV:THX ) has reported drill-intersections of significant gold mineralisation from the Makosa gold deposit and the Sambara prospect at its Douta Gold Project in Senegal. Segun Lawson, the company's President & CEO, said:

"The main purpose of the drilling has been to advance the project towards development by upgrading more of the resource to indicated classification and also to commence detailed metallurgical test work that is focussed on achieving the most suitable and efficient ore treatment and extraction process."

Gold Royalty Corp. ( NYSEAmerican:GROY ) has completed the indirect acquisition of a one percent net smelter return (NSR) royalty on portions of the Cozamin Copper-Silver Mine, in Zacatecas, Mexico, from Endeavour Silver Corp. ( NYSE:EXK ) for $7.5 million USD in cash consideration. According to the press release, Cozamin is a producing mine operated by Capstone Copper Corp.

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