Exploring Mining Podcast 260: RIO, HBM, GPG, BLUE, WIN

Vancouver, Kelowna, Delta, BC – March 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 260 – News from (NYSE: RIO) (NYSE: HBM) (TSXV: GPG) (TSXV: BLUE) (TSXV: WIN)

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Rio Tinto Group (

NYSE:RIO

) has

announced

that it has completed the acquisition of the Rincon lithium project in Argentina for $825 million, after having been approved by Australia’s Foreign Investment Review Board (FIRB). According to the press release, “Rincon is a large undeveloped lithium brine project located in the heart of the lithium triangle in the Salta Province of Argentina.” Rio Tinto’s CEO, Jakob Stausholm, said:

“Rincon strengthens our battery materials business and positions Rio Tinto to meet the double-digit growth in demand for lithium over the next decade, at a time when supply is constrained. We will be working with local communities, the Province of Salta and the Government of Argentina as we develop this project to the highest ESG standards.”

Hudbay Minerals Inc. (

NYSE:HBM

) has

released

its annual mineral reserve and resource update. The company’s President and CEO, Peter Kukielski, explained:

“We have continued to grow our copper and gold mineral reserves and resources through successful exploration in Peru, Snow Lake and Arizona. While we already have a solid production growth profile for many years to come, our exploration efforts over the past year have been successful in replacing what we have mined, adding reserves to our life of mine plans and expanding our resource base to position us for additional long-term reserves growth. This is another example of our proven track record of delivering value through exploration, and we look forward to continuing to advance our leading organic pipeline of copper exploration and development assets for the next stage of growth at Hudbay.”

Grand Portage Resources Ltd. (

TSXV:GPG

) has

reported

the remaining drill results from its summer/fall 2021 drill program at its 100 percent-controlled Herbert gold project in SE Alaska. Highlights include the drilling of 2.13 metres at 15.42 grams per tonne gold in hole 21Q-4 in the Sleeping Giant Vein, 0.92 metres at 20.9 grams per tonne gold in hole 21Q-4 on the Main Vein, and 1.07 metres at 85.74 grams per tonne gold in hole 21Q-6. The company’s President and CEO, Ian Klassen, said:

“These results have continued to expand our high-grade zones in the Goat, Main and Deep Trench veins into previously undrilled areas. Additionally, infill drilling shows potential for the Sleeping Giant to expand to the west as well as to depth, and for the higher-grade zones within the Main Vein to expand to the west. We look forward to increasing these zones during our upcoming, fully funded 2022 drill season.”

Blue Thunder Mining Inc. (

TSXV:BLUE

) has

partnered

with Windfall Geotek Inc. (

TSXV:WIN

) to assess its Muus Property in Quebec, Canada using the latter’s AI Mineral Exploration Targeting services. Jean Francois Metail, President of Blue Thunder Mining, commented:

“We are highly encouraged that several targets highlighted by Windfall-Geotek coincide with the areas recently identified in our exploration program. This reinforces our confidence in the next round of exploration, in addition to providing new prospective areas. Given the extensive land package we have, it is of primary importance for us to concentrate on the areas of highest potential.”

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