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Point Roberts, WA and Delta, BC - July 27, 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.
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Exploring Mining Podcast Episode 188 - News from (NYSE: RIO) (NYSE: GOLD) (TSXV: SSV) (TSXV: CCCM)
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Rio Tinto Group (NYSE:RIO ) has committed $2.4 billion to the Jadar lithium-borates project in Serbia, which according to the press release, is "one of the world's largest greenfield lithium projects." The company's Chief Executive, Jakob Stausholm, commented:
"We have great confidence in the Jadar project and are ready to invest, subject to approvals. Serbia and Rio Tinto will be well-positioned to capture the opportunity offered by rising demand for lithium, driven by the global energy transition and the project will strengthen our offering, particularly to the European market. It could supply enough lithium to power over one million electric vehicles per year.
The Jadar deposit and its unique mineral, Jadarite, discovered by Rio Tinto geologists in 2004 contains high-grade mineralisation of boron and lithium, supporting a long-life operation in the first quartile of the cost curve for both products."
Barrick Gold Corporation (NYSE:GOLD ) has been awarded four exploration licenses for exploration of gold and associated minerals in the highly prospective Eastern Desert region of Egypt. According to the press release, "the Eastern Desert is part of the Proterozoic Arabian Nubian Shield, which hosts the giant Sukari deposit and numerous other gold occurrences, but which has seen no recent systematic exploration." Barrick's SVP of exploration, Joel Holliday, said:
"The move into Egypt is an integral part of Barrick's exploration strategy. Barrick is a global company and we evaluate opportunities anywhere we see the potential for world-class deposits capable of passing our investment filters. We believe that it is essential to move into prospective emerging and underexplored mineral belts to maintain the discovery rate as part of a balanced development strategy."
Southern Silver Exploration Corp. (TSXV:SSV ) has received technical approvals for a six-hole diamond drilling program to test several copper porphyry and skarn targets at its wholly owned Oro property, in southwestern New Mexico, USA. Full approval, however, is currently pending the posting of bonds, from the New Mexico Mining and Minerals Division, the New Mexico State Land Office, and the Bureau of Land Management.
C3 Metals Inc. (TSXV:CCCM ) has reported assays from an additional three holes from its ongoing drilling program of the Jasperoide Copper-Gold Project, Peru. Highlights indicate that hole JAS2700-03 reported 118.71m @ 1.15% Cu and 0.37 g/t Au from 87.3m, hole JAS2700-02 reported 99.81m @ 0.90% Cu and 0.34 g/t Au, and hole JAS2700-01 reported 102.0m @ 0.61% Cu and 0.23 g/t Au from 79.0m. Kevin Tomlinson, CEO of C3 Metals commented:
"The high-grade results received from the first 10 holes of the 2021 drilling campaign have exceeded our predictions and provide strong evidence that a sizable copper-gold system is present at the Montana de Cobre Zone. We are now drilling our 22nd hole on the zone with assays awaited on 12 holes."
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