Vancouver, Kelowna, Delta, BC – August 24, 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 295 – News from (NYSE: RIO) (NYSE: TRQ) (NYSE: AG) (TSXV: KLD) (TSXV: SMN)
Rio Tinto Group (NYSE:RIO) has submitted an improved non-binding proposal to the Board of Turquoise Hill Resources Ltd. (NYSE:TRQ) to acquire the roughly 49 percent of the issued and outstanding shares of the latter that Rio Tinto does not currently own. Jakob Stausholm, Rio Tinto’s CEO, said:
“Rio Tinto believes this offer not only provides full and fair value for Turquoise Hill shareholders, but is in the best interests of all stakeholders as we work to move the Oyu Tolgoi project forward. We will continue to take a disciplined approach to capital allocation and strongly encourage the Board of Turquoise Hill to engage constructively, and to support and recommend in favour of Rio Tinto’s Improved Proposal.”
First Majestic Silver Corp. (NYSE:AG) has announced positive drill results from its ongoing exploration program at the Jerritt Canyon Gold Mine in Elko County, Nevada. Keith Neumeyer, the company’s President and CEO, said:
“Today’s exploration results continue to validate our thesis that the area between the operating SSX and Smith mines is favourable for new, near-mine gold discoveries. Hole-1102 intersected what looks like a new high-grade area on the north side of the SSX/Smith connection drift. Nine follow up drill holes are being planned to further define this potential new zone.”
Kenorland Minerals Ltd. (TSXV:KLD) has started exploration activities and announced the 2022 exploration budget at the Tanacross Project in eastern Alaska, USA. According to the press release, the total approved budget for the 2022 summer exploration program is $2 million USD. CEO Zach Flood commented:
“We are very excited to be back in Alaska, with Antofagasta, advancing the Tanacross Project towards discovery. This comprehensive exploration program will create a strong foundation for future drill targeting. We believe there’s incredible potential in this fertile and target rich environment.”
Sun Summit Minerals Corp. (TSXV:SMN) has received a property-wide exploration permit for its 33,000 hectare Buck Project, in central British Columbia, Canada, where it also has an option to earn a 100 percent interest. According to the press release, the permit “allows for up to 217 drill sites, up to 40 line-kilometres of geophysical surveys, up to 250 trenching sites, as well as construction and modification of exploration access trails.” The company plans to commence drilling in September at the Buck Main zone, where it will “focus on expanding near-surface zones of strong gold-silver-zinc mineralization.”
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