Point Roberts, WA and Delta, BC – August 12, 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. Today’s podcast was sponsored by O2Gold Inc. (TSXV:OTGO) , a mineral exploration company with activities in Colombia.
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Exploring Mining Podcast 193 – (TSXV: OTGO) (TSXV: DEFN) (OTCQB: DFMTF) (NYSE: HBM) (TSXV: WGO) (TSXV: GSX)
Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has announced a non-binding Memorandum of Understanding with Sinosteel Equipment & Engineering Co., Ltd, (Sinosteel MECC) a subsidiary of Sinosteel Corporation, “consisting of information sharing, beneficiation testwork and potential concentrator design research cooperation, and an investigation into the establishment of an on-site large-scale pilot plant at the Wicheeda Rare Earth Property to assess the economic and technical feasibility of full-scale mine development.” This will see, among other things, Sinosteel MECC share with Defense Metals its experience in “the rare earths industry relating to beneficiation, Engineering Procurement Construction and EPC financing, and other general knowledge including pricing, costs, and other relevant matters in the rare earth elements industry.”
Hudbay Minerals Inc. (NYSE:HBM) has started gold production at its New Britannia mill in Snow Lake, Manitoba, following commissioning and startup activities last month. Peter Kukielski, Hudbay’s President and CEO said:
“We are proud of the New Britannia project and operating teams for completing construction activities ahead of the original timelines and achieving a successful ramp up to first gold pour. This is a major growth milestone for Hudbay and our Manitoba business as it marks the beginning of the transition of our Lalor mine to a primary gold operation.”
White Gold Corp. (TSXV:WGO) has commenced the maiden diamond drilling program and the completion of a structural Geological interpretation at its Betty Property. The program comprises 2,000 to 2,500m in 10-12 holes on the Betty Ford and Betty White targets. White Gold CEO, David D’Onofrio, said:
“We are excited to commence the maiden diamond drill program on our Betty Property. This program has been designed to test several of the prospective gold anomalies on the property which are located in close proximity to existing large gold and copper deposits situated along the same fault structure. The diamond drill program has been designed based on the recently completed structural interpretation in addition to the soil geochemistry and other exploration results from previous seasons.”
Goldsource Mines Inc. (TSXV:GSX) has reported additional infill and expansion drill results for its 100 percent-owned Eagle Mountain Gold Project in Guyana, South America. This includes results for 24 core holes totaling 2,100 metres, with a particular highlight being the intersection of 6.0 metres grading 15.73 gpt gold starting 57 metres down expansion hole EMM21-041. The company’s CEO, Steve Parsons, said:
“We remain very pleased with the progress of the drill program. The results are providing added definition to the near surface sub-horizontal mineralized zones of the Eagle Mountain deposit, showing continuity of mineralization and expanding zones, at this time, in the Zion and Bacchus areas.”
Exploring Mining Podcast Sponsor
O2Gold Inc. (TSXV:OTAGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team’s deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.
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Disclosure: O2Gold Inc. (TSXV:OTAGO) is a paid monthly featured mining stock and sponsor of the podcast
News on Defense Metals Corp. is a paid for service on Investorideas.com
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