FNI:CC - Exploring Mining Podcast - News from Mining Stocks: GOLD HL FURY FNI

2023-07-10 13:20:00 ET

Vancouver, Kelowna, Delta, BC - July 10, 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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Twiga Minerals, a joint venture between the Tanzanian government and Barrick Gold Corporation ( NYSE:GOLD ), has revitalized Tanzania's gold mining industry. According to the press release, Twiga comprises two mines - North Mara and Bulyanhulu - which were formerly "rundown and at a virtual standstill due to a deadlocked dispute between the government and the previous operators." Mark Bristow, Barrick's President and CEO, explained:

"We settled the dispute and established Twiga as a 50:50 economic benefits sharing partnership, which also vested a 16% shareholding in each mine with the government. We reinvented the mines which now, as a combined complex, produce gold at a Tier One level, in other words one which can produce at least 500,000 ounces of gold annually for more than 10 years at the lower half of the industry cost curve."

Hecla Mining Company ( NYSE:HL ) has announced the completion of the acquisition of ATAC Resources Ltd. for a total consideration of about $18.8 million USD in Hecla common stock. Phillips S. Baker, Jr., Hecla's President & CEO, commented:

"With the ATAC acquisition, we continue to execute our strategy of acquiring large land packages with significant exploration potential in favorable mining jurisdictions. The Rackla and Connaught properties in the Yukon are a massive land package of over 700 square miles (1830 square kilometers), almost half the size of Rhode Island, with identified gold, silver, and base metal mineralization. As a result of previous investment in exploration by ATAC, Hecla is not obligated for the next decade to make significant expenditures to maintain control of the land package, so while we will advance the exploration as quickly as possible, we will have flexibility on our pace of spending."

Fury Gold Mines Limited ( NYSEAmerican:FURY ) has announced the restarting of exploration activities at the Eau Claire high-grade gold project in the Eeyou Istchee Territory in the James Bay region of Quebec following the easing of the province's emergency fire evacuation order. The company has since remobilized crews to continue its previously announced 2023 exploration drill program focused on the continued expansion of both the Eau Claire deposit and the Percival Prospect.

Fathom Nickel Inc. ( CSE:FNI ) has reported a further increase in its land position at the Gochager Lake Project in north-central Saskatchewan, Canada. The 3,060-hectare disposition was recently acquired by Fathom, through direct staking, and brings its total contiguous land package at Gochager Lake to 22,620 hectares. Ian Fraser, the company's CEO & VP Exploration, said:

"The acquisition of the New Disposition is important for a couple of reasons. First, it ensures that Fathom's land package now fully encompasses 13 of the 15 high-priority targets recently identified by our structural interpretation of the historic 2008 VTEM survey. Secondly, it provides an additional "buffer" in the area of the Mal Lake nickel occurrence where a 1967 drillhole intersected 1.12% Ni, 0.24% Cu over 7.9m."

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