#ExploringMining #Podcast Episode 86 – #Mining #Stocks News from (TSXV: $TSG.V) (TSXV: $SCZ.V) (TSXV: $CBR.V) (NYSE American: $LODE)
Point Roberts WA, Delta BC, July 23, 2020Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition ofExploring 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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TriStar Gold, Inc. (TSXV:TSG) has received the results from six composite metallurgical samples as part of the prefeasibility study at Castelo de Sonhos. According to the press release, “all six bottle roll tests returned over 96% gold recovery with an average gold recovery from the samples of 98%” Nick Appleyard, TriStar's President and CEO, explained:
"The metallurgical results from this campaign all exceed the conceptual recovery of 95% used in our PEA. We are very happy the results that will feed into our prefeasibility study continue to meet or exceed the expectations set by the PEA. Our team in Brazil is now keen to get back into the field and start working aggressively on the exploration programs that we have been working on these past couple of months. We have identified multiple drill targets for both shallow paleoplacer-hosted mineralization and deeper remobilized mineralization that are now being refined into a plan for drilling and additional surface reconnaissance studies."
Santacruz Silver Mining Ltd. (TSXV:SCZ) has entered into an agreement with Zacatecas Silver Corp. – a privately held silver focused exploration company – for the sale of a 100 percent interest in the Zacatecas Properties, located in the Zacatecas Mining District, Mexico, for consideration of US $1.5 million and the issuance of 5,000,000 common shares of Zacatecas Silver. Zacatecas Silver CEO, Bryan Slusarchuk, commented:
"We are big believers that macro conditions for silver have never been better. It is also undisputable that Zacatecas is one of the world's best addresses for high grade silver. To acquire a project with historic high-grade intercepts, an inferred mineral resource with expansion and exploration upside is very timely. Our team has created significant shareholder value for precious metals investors during the bear market and now with a precious metals bull starting, we are ideally positioned in terms of technical expertise and capital markets ability to continue delivering excellent potential upside going forward."
Cabral Gold Inc. (TSXV:CBR) has announced the results from a series of surface rock and soil samples at the Cilmar target area, including the discovery of numerous coarse nuggets in the Cilmar area. The company’s President and CEO, Alan Carter, said:
“The identification of the potential source of coarse gold nuggets recently recovered from streams in the Cilmar area has not been straightforward due to the presence of thick post-mineral cover. However, recent sampling has resulted in a number of good gold values in surface rock samples, which has consequently narrowed the search down to the point where we now have drill targets at Cilmar. The eastern part of the project area is turning out to be very prolific in terms of new high-grade targets and continues to support our belief that Cuiú Cuiú is an emerging district which contains multiple gold deposits. We look forward to the commencement of RC drilling on this target and other recently identified high grade targets in the next few weeks."
Comstock Mining Inc. (NYSE American:LODE) has announced strategic and financial updates for the second quarter and year to date. On the strategic side, this includes highlights such as the company’s investments in Mercury Clean Up LLC (MCU) having increased to $1.75 million in cash and stock to date. Financially, the company recorded a gain of $1.6 million on the increased value of its equity investment in Tonogold, which is now valued at over $10.4 million at June 30, 2020, up from $8.8 million at March 31, 2020.
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