Point Roberts, WA and Delta, BC – August 10, 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 Episode 192 – (TSXV: OTGO) (NYSE: EGO) (TSXV: GMIN) (NYSE: EXK) (TSXV: MTU) (TSXV: EGM)
Eldorado Gold Corporation (NYSE:EGO) has entered into a definitive agreement with G Mining Ventures Corp. (TSXV:GMIN) to divest its Tocantinzinho Project in Brazil. Following the transaction, the two firms will enter into an investor rights agreement granting Eldorado certain rights for so long as it maintains 10 percent ownership of G Mining Ventures common shares on an undiluted basis. Eldorado President and CEO, George Burns, said:
“This transaction provides Eldorado with immediate value for TZ, while also retaining meaningful exposure to future value creation through our equity stake in GMIN. TZ will be a cornerstone asset for GMIN, a team with a strong track record of building mines on time and on budget. Together with our local Brazilian team, we believe they are the right group to responsibly advance the asset and we look forward to following and supporting their success. On behalf of the management team and Company, I would like to take this opportunity to thank Lincoln Silva and his team in Brazil for all their contributions, hard work and dedication to the Company. We wish them all the best moving forward.”
Endeavour Silver Corp. (NYSE:EXK) has released its financial results for the three and six months ended June 30, 2021. Highlights for the quarter include the production of 1,073,724 ounces of silver, an increase of 80 percent, 11,166 ounces of gold, a 92 percent increase, and a net revenue of $47.7 million, up 136 percent. CEO Dan Dickson said:
“From a financial standpoint, our Q2 performance was stronger than the respective period last year, as revenue, cash flow and earnings were all higher. However, our operating costs are clearly not where we want them to be. We are working to optimize our operating cost profile in the second half of 2021.”
Manitou Gold Inc. (TSXV:MTU) has announced the start of the next phase of the 18,000 metre drilling program designed to test new high priority targets on its Goudreau project in Ontario, Canada. Richard Murphy, President and CEO of Manitou Gold, explained:
“This drilling campaign follows a highly successful field program that kept moving ahead amidst the challenges presented by Covid-19. We are extremely pleased to finally recommence our drilling program on the very attractive Baltimore deformation zone. This round of drilling represents the culmination of years of work assembling the 100% owned land package and ‘boots on the ground’ work required to establish highly prospective drill targets.”
EnGold Mines Ltd. (TSXV:EGM) has received drill core assays with the highest gold value to date from the new Road Gold zone at its 100 percent owned Lac La Hache Property in the Cariboo region of BC, Canada. Specifically, this was from drill hole R21-03 cutting 7.51 gpt gold over 1.5 m. The company’s VP of Exploration, Rob Shives, said:
“The results at Road Gold continue to improve despite the drilling challenges within the faulted, altered, mineralization. We have yet to reach the targeted depth projection of the surface showing in our drilling, and that exposed surface showing is believed to only partially represent the real width of the zone as indicated geophysically. The potential to discover another gold-rich, copper-gold-silver structure similar to our Aurizon South Deposit, continues to grow.”
Exploring Mining Podcast Sponsor
O2Gold Inc. (TSXV:OTGO) 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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