Exploring Mining Podcast 128 - News From Endeavour Silver, VanGold Mining, Excelsior Mining, Bonterra Resources, Orestone Mining Corp.
#ExploringMining #Podcast Episode 128 – #Mining #Stocks News from (NYSE: $EXK) (TSXV: $VGLD.V) (TSX: $MIN.TO) (TSXV: $BTR.V) (TSXV: $ORS.V)
Point Roberts WA, Delta BC, December 21, 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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Read this in full at Exploring Mining Podcast Episode 128: News from (NYSE: EXK) (TSXV: VGLD) (TSX: MIN) (TSXV: BTR) (TSXV: ORS)
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Endeavour Silver Corp. (NYSE:EXK) has signed a binding Letter Agreement to sell its El Cubo Mine and related assets to VanGold Mining Corp. (TSXV:VGLD) for $15 million in cash and share payments plus additional contingent payments. Endeavour’s CEO, Bradford Cooke, said:
“We are pleased to enter into this transaction to sell our El Cubo assets to VanGold. They are an ideal fit given the proximity of the Pinguico property to the El Cubo plant. We will become VanGold’s largest shareholder and look forward to supporting the VanGold team as they advance the Pinguico and El Cubo assets through exploration and development to production.”
Excelsior Mining Corp. (TSX:MIN) reports that the first copper cathode production has been achieved at its Gunnison Copper Project in Arizona, the first sales of which are anticipated for January 2021. The company’s President & CEO, Stephen Twyerould, commented:
“I am happy to confirm that Excelsior Mining is the newest copper producer in the United States. I congratulate our entire team on successfully achieving this milestone while maintaining our excellent safety record and upholding our commitment to responsible mining. Our focus for the coming quarter will be on expanding wellfield operations with the goal of achieving full, nameplate, capacity of 25 million pounds per annum by late 2021. Finally, in consideration of the timing of this news, I want to wish all of our stakeholders a safe and happy Christmas season."
Bonterra Resources Inc. (TSXV:BTR) has announced a new gold discovery at Barry North on its Barry project. This includes gold mineralized vein structures spanning approximately 750 metres in length along strike, as revealed by recent exploration. Pascal Hamelin, the company’s President and CEO, said:
"This newly discovered zone near surface is very promising and confirms the existence of previously untested gold mineralization just north of the Barry deposit. We look forward to receiving more drill results from this zone."
Orestone Mining Corp. (TSXV:ORS) has completed the previously announced 2020 diamond drilling program, comprising a total of 942 metres of NQ core drilling, on the Captain gold-copper porphyry property in north central British Columbia, Canada. David Hottman, CEO and Director of Orestone Mining Corp., said:
"As we have stated previously, all of the mineralized intercepts encountered on the Captain Project to date indicate that a gold enriched porphyry system exists and we now believe we have refined the target model to unlock the property's potential. We are encouraged by what we are seeing and have staked additional claims as well as applied for additional drill holes in a tighter spaced pattern.”
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