Vancouver, Kelowna, Delta, BC – September 29, 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 302 – News from (NYSE: RIO) (NYSEAmerican: GROY) (TSXV: KNC) (CSE: NBRK)
Rio Tinto Group (NYSE:RIO) has approved a $55 million USD investment in development capital to start underground mining and expand production at its Kennecott copper operations in the US state of Utah. The company’s Chief Executive of Copper, Bold Baatar, explained:
“This investment will allow us to quickly bring additional volumes of high quality copper to the market and build our knowledge and capabilities as we evaluate larger scale underground mining at Kennecott. We are progressing a range of options for a significant resource that is yet to be developed at Kennecott, which could extend our supply of copper and other critical materials needed for electric vehicles and renewable power technologies.”
Gold Royalty Corp. (NYSEAmerican:GROY) has announced the completion of its acquisition of a royalty portfolio from Nevada Gold Mines LLC. The royalty portfolio, according to the press release, comprises: a 10 percent net profits interest royalty on the producing Granite Creek Mine, a 2 percent net smelter return royalty on the Bald Mountain Mine, and a 1.25 percent NSR on the Bald Mountain Joint Venture Zone.
K9 Gold Corp. (TSXV:KNC) has completed its 2022 diamond drill program at the Jumper’s Pond zone on its Stony Lake project in central Newfoundland, Canada. The program comprised eight diamond drill holes totaling 2919 metres, from which 3D modeling of the gold concentrations are planned. The company’s CEO, Jeff Poloni, said:
“The recent drilling program successfully extended the mineralized structures intersected in the previous drilling programs. We continue to add to our understanding of the structural orientation and characterization of the mineralization. The Jumpers Pond Zone is one of numerous structural inflection points interpreted from our geophysical surveys over our expansive property and this year’s exploration will help in additional discoveries.”
New Break Resources Ltd. (CSE:NBRK) has reported the results of grab and channel sampling programs conducted from June to August 2022, at its 100 percent owned Moray property located south of Timmins, Ontario, Canada. According to the press release, the highest-grade grab sample was 70.60 grams per tonne gold, and five samples from the program yielded assays higher than 21.8 g/t Au.
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