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Exploring Mining Podcast 244 – (TSXV: OTGO) (TSXV: AUN) (TSXV: DEFN) (NYSE: FSM) (TSXV: SCZ)

Vancouver, Kelowna, Delta, BC – February 3, 2022 ( Newswire), 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. Today’s podcast was sponsored by O2Gold Inc. (TSXV: OTGO), a mineral exploration company with activities in Colombia.

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Exploring Mining Podcast 244 – (TSXV: OTGO) (TSXV: AUN) (TSXV: DEFN) (NYSE: FSM) (TSXV: SCZ)


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Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF) has announced a non-brokered private placement offering of up to $6 million CAD, consisting of up to 17,142,857 Units at a price of $0.35 per CAD unit, subject to the approval of the TSX Venture Exchange. According to the press release, net proceeds of the Private Placement go toward “contingency funding for the restart of the Company’s wholly owned Revenue Virginius (RV) Mine,””funding for growth of the resource base at the RV Mine which may enable the Company to grow future production volumes,” and “for working capital and general and administrative expenses including potential opportunities to advance its wholly owned Shafter Project in light of the current silver price.”

Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has announced that 1,576 core samples representing 23 drill holes totalling approximately 3,900 metres of diamond drill core have been shipped and received by ALS Canada Ltd. (ALS) from its Wicheeda rare earth element (REE) Project. Luisa Moreno, President and Director of Defense Metals commented:

“We look forward to receiving the initial assays results from our ambitious 5,349 metre 2021 Wicheeda REE deposit diamond drill campaign. The 2021 drilling is expected to contribute to the expansion and upgrading of mineral resources we so recently demonstrated in our positive Wicheeda REE Project PEA.”

Fortuna Silver Mines Inc. (NYSE:FSM) has provided a construction update for its Seguela gold Project in Cote d’Ivoire. According to the press release the overall project is 32 percent complete as of January 31, 2022, major equipment packages have been secured, major construction contracts have been executed, and approximately $124.5 million has been committed. The company’s COO in West Africa, Paul Criddle, said:

“The Seguela Project is advancing on schedule following the construction decision at the end of the third quarter of 2021. The Project is successfully transitioning from detailed engineering design to construction and remains on budget and on schedule to pour gold by mid-2023.”

Santacruz Silver Mining Ltd. (TSXV:SCZ) has reported its operating results for the fourth quarter of 2021 and for the year ended December 31, 2021. Highlights for the full year include the production of 1,289,172 oz of silver, 12,518 tonnes of zinc, 3,747 tonnes of lead, and 1,820 tonnes of copper. Carlos Silva, the company’s CEO, said:

“Our goal in 2022 is to continue optimizations and further improve production rates, particularly as new underground areas offer expansion potential at the Zimapan Mine. Of note, during Q4 2021 the Company completed development works on a new mineralized zone, the Lomo del Toro Zone, which will contribute to higher grade mineralized material mill feed.”

Exploring Mining Podcast Sponsor

O2Gold Inc. (TSXV: OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team’s deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.

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