Vancouver, Kelowna, Delta, BC – December 23, 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 317 – News from (NYSEAmerican: MTA) (NYSE: AGI) (NYSEAmerican: FURY) (TSXV: GZD) (CSE: VALU)
Metalla Royalty & Streaming Ltd. (NYSEAmerican:MTA) has announced a royalty purchase agreement with Alamos Gold Inc. (NYSE:AGI) wherein Metalla will acquire from Alamos one silver stream and three royalties in exchange for $5 million of its common shares. Brett Heath, President and CEO of Metalla, said:
“We are pleased to partner with Alamos for the second time at Metalla. This transaction adds meaningful silver leverage to our portfolio while complementing our Canadian exploration portfolio in known mining camps and on proven geological trends. We want to thank Alamos for entrusting the Metalla team once again with the monetization of their royalty and streaming portfolio.”
Fury Gold Mines Limited (NYSEAmerican:FURY) has shared results for eight core drill holes at the Percival Main and Percival East prospects, located near the Eau Claire deposit in the Eeyou Istchee James Bay Territory of Quebec, Canada. Tim Clark, the company’s CEO, explained:
“The Percival Prospect has been an important target for Fury as we believe it is considerably underexplored and has a lot of room to expand. The recent drill results further support our goal of identifying opportunities to advance our overall ounces at Eau Claire. The Hinge Target, Gap Zone, and now Percival Prospect targets have all demonstrated the potential for considerable expansion and we are still looking forward to the remaining three holes from the Hinge Target and eastern extension as well as the results from the Geochem survey completed at our Lac Clarkie project which are expected in the coming weeks.”
Grizzly Discoveries Inc. (TSXV:GZD) has received assay results for the first 4 core holes (1,014 m) completed at the Dayton Target area as part of the Phase 1 drill program at the Greenwood Project. According to the press release, a total of 3,123 m in 15 core holes has been completed at the Greenwood Project with results for 11 holes still pending. The company’s President and CEO, Brian Testo, said:
“The early stage drill program at Dayton successfully intersected large intervals of copper, gold, and silver bearing altered and mineralized volcanic and diorite intrusive rocks; an encouraging positive step forward for a project that has seen little systematic exploration in the past. We are eager to resume drilling to expand this exciting discovery.”
Valorem Resources Inc. (CSE:VALU) has entered into and closed a share exchange agreement, completing the acquisition of Regency Mining Limited. Through this agreement, Valorem also acquires the Misisi Gold project in the DRC, which “covers 133 square kilometer on three contiguous mining licenses, valid until 2045 (with extension options) and includes the Akyanga gold deposit which hosts an Inferred Resource of 3.1 million ounces of gold averaging 2.16 grams per tonne gold.”
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