Point Roberts, WA and Delta, BC - June 2, 2020 (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.
Listen to the podcast:Exploring Mining Podcast: News from (TSXV: MQR) (NYSE: IAG) (NYSE: EXK) (CSE: BULL) (TSXV: XND)
Monarch Gold Corporation (TSX:MQR) has entered into an agreement to sell the Fayolle property in Quebec, Canada to IAMGOLD Corporation (NYSE:IAG). The property consists of 39 mineral claims covering an area of 1,373 hectares, and will be acquired by IAMGOLD for $11.5 million. Monarch's President and CEO Jean-Marc Lacoste commented:
"This is a profitable short-term transaction for Monarch, allowing us to significantly strengthen our financial position without dilution and with the potential for appreciation if the share value of IAMGOLD increases, especially in the current gold bull market."
Endeavour Silver Corp. (NYSE:EXK) intersected new high-grade gold-silver mineralization in the Santa Cruz vein on the El Curso property at the Guanacevi mine in Durango, Mexico, amid its Q1 exploration drilling. Highlights include: 1,085 gpt silver and 3.25 grams per tonne (gpt) gold over 10.0 meters (m) true width in hole UCM-27, 762 gpt silver and 1.87 gpt gold over 5.1 m true width in hole UCM-26, and 986 gpt silver and 1.43 gpt gold over a 4.8 m true width in hole UCM-25. Bradford Cooke, Endeavour Director and CEO, said:
"Last year at Guanacevi, we were successful in outlining new resources on the El Curso property, and we commenced mining there in late Q3, 2019. This year, we continue to discover new resources in the Santa Cruz vein on El Curso which should add to our mine life at Guanacevi."
Canadian Palladium Resources Inc. (CSE:BULL) has resumed its diamond drilling program on its East Bull Palladium Property, 90 kilometres west of Sudbury, Ontario following COVID-19-related restrictions being lifted. Wayne Tisdale, the company's President and CEO, said:
"Canadian Palladium is excited to get back to the exploration of East Bull. The program is fully funded and we look forward to positive results allowing us to continue to expand the resource at East Bull and explore promising zones."
"I am pleased to be expanding our presence in the historical Val-d'Or area. This gives XND a strategic footprint to launch a 2020 exploration campaign by adding to our land package contiguous to our Senneville Group of Claims South Property where two of three holes intersected 9.79 g/t Au over 1.0 m (SV-12-01) and 11.03 g/t Au/1m and 1.38 g/t Au /1m (SV-12-03). With so many discoveries over the Val-d'Or storied history, new discoveries are still happening within the Val-d'Or area including Probe Metals recent discovery."
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