Phoenix, Arizona--(Newsfile Corp. - June 3, 2020) - The Stock Day Podcast welcomed Winston Gold (OTCQB: WGMCF) ("the Company"), a junior mining company focused on advancing high-grade, low cost mining opportunities into production. CEO of the Company, Murray Nye, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the finalization of the Company's lease agreement with Pardine Mill LLC located in Radersburg, Montana. "I think that is a key milestone for the company," said Nye. "The other big capital intensive part of mining is actually processing the ore and in order to do that of course you need a mill," explained Nye, adding that the decision to lease Pardine Mill will save the Company both time and capital. "We leased it for three years with an option to purchase it," he added. "We're thrilled with that development. The savings that we generate are tremendous and it all goes to the bottom line."
Jolly then asked about the Company's progress with their Carrabba Tunnel project. "The Carrabba Tunnel was designed to go between two veins we had identified through drilling," said Nye, adding that these veins include the Parallel and Block 93 veins. "Both of these veins were extremely high-grade," he added before elaborating on the Company's decision to construct the Carrabba Tunnel. "The mining engineer, geologist, and miners did a tremendous job in completing that tunnel," shared Nye.
The conversation then turned to the Company's development and timeline for their current mining project. "What we plan to do now is drift roughly two-hundred feet parallel to the Block 93 workings," explained Nye. "That should be completed probably by the end of the month, and that would put us in a position where we could actually see what those veins look like and start a test mining program on those veins."
Nye then updated listeners on the Company's recent private placement which closed in late April for $1.6 million. "The Chairman, Joe Carrabba, actually participated quite strongly in that - he provided about $700,000," shared Nye. "We also had some very loyal shareholders that wanted to participate again because they liked the direction the company was going," he added.
To close the interview, Nye shared that the Company has been successful in completing its goals at the Winston Gold project and is now well on their way to enter a test mining program. Nye also noted the value of the Company's lease agreement with Pardine Mill LLC, which will allow them to become a fully integrated gold mining company.
To hear Murray Nye's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7597889-ceo-of-winston-gold-murray-nye-updates-the-stock-day-podcast-on-its-2020-projects
About Winston Gold
Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired the under explored and underdeveloped Winston Gold project near Helena, Montana.
The Canadian Stock Exchange (CSE) has neither approved nor disapproved the information contained herein. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Winston Gold Mining Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
For more information, please visit www.winstongoldmining.com; or contact:
Chief Executive Officer and a Director of Winston Gold
Suite 201-919 Notre Dame Avenue
Winnipeg, Manitoba, R3E 0M8
Telephone: (204) 989-2434
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
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