Vancouver, Kelowna, Delta, BC – April 19, 2022 (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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Exploring Mining Podcast 266 – News from (NYSE: AG) (NYSE: SA) (TSXV: CTM) (TSXV: AAU)
First Majestic Silver Corp. (NYSE:AG) has announced a total production of 7.2 million silver equivalent ounces (2.6 million ounces of silver and 58,892 ounces of gold) in the first quarter of 2022 from its four producing operations: the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. Keith Neumeyer, the company’s President and CEO, said:
“Our new Ermitano mine at Santa Elena has definitely become the highlight for the business in the past two quarters. Having just completed its first full quarter in production, we continue to anticipate additional growth at Ermitano as the mine ramps up to higher throughput levels over the next few quarters.”
“Conditions around advancing this project remain challenging but incremental progress continues. We knew a multi-year exploration program would be required to advance a deep blind target and we remain confident of the potential. Integrating these new results into our understanding is expected to further define targeting in our next campaign designed to advance towards discovery of a Turquoise Ridge style opportunity.”
Canterra Minerals Corporation (TSXV:CTM) has reported results from the 4,200 metre diamond drill program at its wholly-owned Wilding Gold Project in central Newfoundland, Canada. Cooper Quinn, the company’s President, said:
“These results successfully expanded on previous gold zones identified at Red Ochre and Alder. We are particularly pleased to see longer intervals similar to Marathon Gold, as well as some multi-ounce, high grade intersections. We are encouraged to see the breadth of mineralization in holes like WL-21-53 at Red Ochre where stacked mineralization is present over 40 meters with significant higher-grade zones within.”
Angold Resources Ltd. (TSXV:AAU) has announced the start of preparation work for its upcoming drill program at Iron Butte in Nevada. According to the press release, Phase One drilling “will comprise 5 holes, totalling 2,926 meters and may be expanded to 9 holes, totalling 5,502 meters upon exploration success.” The company’s CEO, Adrian Rothwell, explained:
“With historically long intercepts and excellent grades, a deep, intact oxide zone, as well as a total 2,210 hectares of prospective ground and new results demonstrating mineralized structures up to ~30m thick, Iron Butte continues to exhibit evidence of a large system. Excellent potential exists to increase the size of the deposit and historic resource with infill, lateral and deeper drilling.”
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