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Fresh Releases - January 15, 2013
[i]Kevin Michael Grace
Lydian reports Armenia Gold Assays up to 1.1 g/t over 111m
Alamos Gold bids $780M for Aurizon Mines
CGA reports Philippines Gold Assays up to 24.4 g/t over 16m
Read the full press release summaries here. http://resourceswire.com/2013/01/fresh-releases-29/
Auguries - January 10, 2013
Liquefaction
Kevin Michael Grace
Liquefaction, Japan 1964: All it takes is a shock.
Gold was up (at press time) $15.90 (+1%) for the fortnight to $1,664.70, and silver was up $0.18 (+0.6%) to $30.18. Gold fell $24.10 Thursday (-1.4%), a development Bloomberg attributed to “Federal Reserve policymakers sa[ying] they probably will end their $85-billion monthly US bond purchases sometime in 2013.” No, the Federal Open Market Committee said no such thing, as its minutes prove, minutes which the BBC, unlike Bloomberg, managed to report accurately.
In any event, gold finished 2012 up for the twelfth year in a row, gaining 7% measured in US dollars. As for 2013, Ambrose Evans-Pritchard writes January 1, “The US, Japan, Britain, as well as the Swiss, Scandies and a string of states around the world, are actively driving down their currencies or imposing caps…. The side-effects of this currency warfare—or ‘beggar-thy-neighbour’ policy, as it was known in the 1930s—is an escalating leakage of monetary stimulus into the global system.”
Read more about gold prices here. http://resourceswire.com/2013/01/auguries-14/
Auguries - January 10, 2013
Liquefaction
Kevin Michael Grace
Liquefaction, Japan 1964: All it takes is a shock.
Gold was up (at press time) $15.90 (+1%) for the fortnight to $1,664.70, and silver was up $0.18 (+0.6%) to $30.18. Gold fell $24.10 Thursday (-1.4%), a development Bloomberg attributed to “Federal Reserve policymakers sa[ying] they probably will end their $85-billion monthly US bond purchases sometime in 2013.” No, the Federal Open Market Committee said no such thing, as its minutes prove, minutes which the BBC, unlike Bloomberg, managed to report accurately.
In any event, gold finished 2012 up for the twelfth year in a row, gaining 7% measured in US dollars. As for 2013, Ambrose Evans-Pritchard writes January 1, “The US, Japan, Britain, as well as the Swiss, Scandies and a string of states around the world, are actively driving down their currencies or imposing caps…. The side-effects of this currency warfare—or ‘beggar-thy-neighbour’ policy, as it was known in the 1930s—is an escalating leakage of monetary stimulus into the global system.”
Read more about gold prices here. http://resourceswire.com/2013/01/auguries-14/
Brigus Gets Embiggened
CEO Wade Dawe Discusses High Grade and Mine Expansion
Kevin Michael Grace
January 9, 2013 - Brigus Gold Corp T.BRD announced assay results from the 147 Zone of its Grey Fox property in the Timmins Mining District, Ontario. Highlights include
13.97 grams per tonne gold over 35 metres
including 47.28 g/t gold over 8 metres
3.79 g/t gold over 35 metres
including 6.98 g/t gold over 11.7 metres
3.37 g/t gold over 48 metres
2.4 g/t gold over 38 metres
including 6.83 g/t gold over 5.2 metres
6 g/t gold over 21 metres
including 11.62 g/t gold over 7 metres
3.4 g/t gold over 67.2 metres
1.26 g/t gold over 19.1 metres
4.68 g/t gold over 29.4 metres
including 11.31 g/t gold over 7.4 metres
1.58 g/t gold over 20.8 metres
including 6.66 g/t gold over 2.8 metres
Zone 147 and Grey Fox are part of the Black Fox Complex, which comprises 18 square kilometres and includes the Black Fox Mine, which produced 77,374 ounces gold in 2012.
Kevin Michael Grace spoke to Chairman/CEO Wade Dawe January 8 and 9, read that interview here. http://resourceswire.com/2013/01/brigus-gets-embiggened/
Auguries - December 14, 2012
By The Throat
Kevin Michael Grace
Gold was down (at press time) $2.70 (-0.2%) for the week to $1,697.40, and silver was down $0.48 (-1.5%) to $32.59. GoldCore argued that gold’s decline was curious after “The Fed said that it will maintain ultra-loose monetary policies for the foreseeable future, and the Fed will in effect double the pace of dollar creation.”
“Essentially, the US central bank now IS the market for US government debt,” Ben Mountifield argues at Seeking Alpha December 12. “The US government issues new debt (currently more than $1 trillion a year), and the Federal Reserve buys it, thereby almost entirely bypassing the international bond market. As a result, the Fed can (at least for the time being) keep a lid on interest rates.
Read the rest of this article about gold prices here. http://resourceswire.com/2012/12/auguries-12/
Fresh Releases - December 19, 2012
First Majestic Silver T.FR | Hana Mining V.HMG | Sutter Gold V.SGM
Kevin Michael Grace
First Majestic inks $50M Forward Sale, Buys Orko Silver
Hana reports Botswana Assays up to 1.26% Copper, 19.8 g/t Silver over 37.3m
Sutter pours California Gold
Read the rest of these press releases and assay results here. http://resourceswire.com/2012/12/fresh-releases-28/
Fresh Releases - December 19, 2012
First Majestic Silver T.FR | Hana Mining V.HMG | Sutter Gold V.SGM
Kevin Michael Grace
First Majestic inks $50M Forward Sale, Buys Orko Silver
Hana reports Botswana Assays up to 1.26% Copper, 19.8 g/t Silver over 37.3m
Sutter pours California Gold
Read the rest of these press releases and assay results here. http://resourceswire.com/2012/12/fresh-releases-28/
Fresh Releases - December 19, 2012
First Majestic Silver T.FR | Hana Mining V.HMG | Sutter Gold V.SGM
Kevin Michael Grace
First Majestic inks $50M Forward Sale, Buys Orko Silver
Hana reports Botswana Assays up to 1.26% Copper, 19.8 g/t Silver over 37.3m
Sutter pours California Gold
Read the rest of these press releases and assay results here. http://resourceswire.com/2012/12/fresh-releases-28/
Fresh Releases - December 13, 2012
Probe Mines | V.PRB | Volta Resources | T.VTR | Puma Exploration | V.PUM
Kevin Michael Grace
Probe reports Ontario Gold Assays up to 10.3 g/t over 51m
Volta reports Burkina Faso Assays up to 0.91 g/t Gold, 0.48% Copper over 72m
Puma reports NB Assays up to 92 g/t Silver, 1.06 g/t Gold, 0.8% Lead, 0.7% Zinc over 9.1m
Read the rest of these assay results and their press release summaries here. http://resourceswire.com/2012/12/fresh-releases-27/
Fresh Releases - December 13, 2012
Probe Mines | V.PRB | Volta Resources | T.VTR | Puma Exploration | V.PUM
Kevin Michael Grace
Probe reports Ontario Gold Assays up to 10.3 g/t over 51m
Volta reports Burkina Faso Assays up to 0.91 g/t Gold, 0.48% Copper over 72m
Puma reports NB Assays up to 92 g/t Silver, 1.06 g/t Gold, 0.8% Lead, 0.7% Zinc over 9.1m
Read the rest of these assay results and their press release summaries here. http://resourceswire.com/2012/12/fresh-releases-27/
Bankable And Soon To Be Banked
Victoria Prepares its Yukon Eagle Gold Project for April 2013 Construction
Kevin Michael Grace
December 13, 2012 - Victoria Gold Corp V.VIT announced November 27 it had signed a binding terms sheet to sell its interest in the Big Springs Gold Property in Elko County, Nevada, for US$6 million to MRG Copper LLC, a US subsidiary of Big Springs Project Pty Ltd, which is concurrently being acquired by Kimberley Rare Earths Ltd. The transaction will close in February 2013, subject to completion of due diligence.
The sale provides funds for the advancement of Victoria’s Eagle Gold Project, which is contained with its Dublin Gulch property, which is located 375 kilometres north of Whitehorse, Yukon, and scheduled to begin production in 2015. According to a February 2012 43-101 feasibility study, Eagle contains 91.6 million tonnes grading 0.78 grams per tonne gold for a resource of 2.3 million ounces proven and probable. The indicated resource is 4.86 million ounces, and the inferred resource is 1.49 million ounces. The study forecast annual production of 192,000 gold ounces for 12 years at a cost of $542 per ounce. The initial CAPEX (including prestripping) is $399.7 million, while life-of-mine sustaining capital costs are $132.9 million, and closure costs (net of salvage value) are $64.2 million. Based on $1,325-per-ounce gold, the project has a pretax net present value (NPV) of $380.8 million (at a 5% discount rate), a 24.1% internal rate of return (IRR) and a payback period of 3.1 years.
On October 29, Victoria Gold announced assays from six drillholes on the Olive target, located 2.5 kilometres from Eagle. Highlights include
1.72 grams per gold over 7.37 metres
1.44 g/t gold over 7.81 metres
1.06 g/t gold over 6.11 metres
2.11 g/t gold over 4.3 metres
2.56 g/t gold over 10.11 metres
(including 8.09 g/t gold over 1.43 metres)
3.28 g/t gold over 4.6 metres
3.12 g/t gold over 6.4 metres
President/CEO John McConnell spoke to Kevin Michael Grace December 11 - read that interview here. http://resourceswire.com/2012/12/bankable-and-soon-to-be-banked/
Fresh Releases - December 12, 2012
B2Gold | T.BTO | Atna Resources | T.ATN | Silver Bull Resources Inc | T.SVB
Kevin Michael Grace
B2Gold reports Namibia Gold Assays up to 15 g/t over 19.8m
Atna reports Nevada Gold Assays up to 31.2 g/t over 13.7m
Silver Bull reports Mexico Assays up to 4.29% Zinc, 22.93 g/t Silver over 29.8m
Read the rest of these assay results and their press release summaries. http://resourceswire.com/2012/12/fresh-releases-26/
Auguries - December 7, 2012
The Homer Simpson Plan
Kevin Michael Grace
Gold was down (at press time) $27.20 (-1.6%) for the week to $1,700.10, and silver was down $1.24 (-3.6%) to $33.07. Bloomberg attributed the loss December 4 to the “stalemate in US budget talks [which] drove commodities down.” According to Bark Melek of TD Securities, “Gold is being sold along with just about everything else in commodities with the worries on the fiscal cliff.” GoldCore noted December 6, “Physical buying of gold bullion has increased on the dip”—more on that below.
We are all cursed with economic Alzheimer’s these days, and so few will remember that not 18 months ago, similar negotiations in Washington were regarded universally as similarly cataclysmic. At that time, the politicians decided they would postpone Götterdämmerung until the end of 2012. One can hardly expect a much different resolution this time around.
Read the rest of this article about gold prices here. http://resourceswire.com/2012/12/auguries-11/
Auguries - December 7, 2012
The Homer Simpson Plan
Kevin Michael Grace
Gold was down (at press time) $27.20 (-1.6%) for the week to $1,700.10, and silver was down $1.24 (-3.6%) to $33.07. Bloomberg attributed the loss December 4 to the “stalemate in US budget talks [which] drove commodities down.” According to Bark Melek of TD Securities, “Gold is being sold along with just about everything else in commodities with the worries on the fiscal cliff.” GoldCore noted December 6, “Physical buying of gold bullion has increased on the dip”—more on that below.
We are all cursed with economic Alzheimer’s these days, and so few will remember that not 18 months ago, similar negotiations in Washington were regarded universally as similarly cataclysmic. At that time, the politicians decided they would postpone Götterdämmerung until the end of 2012. One can hardly expect a much different resolution this time around.
Read the rest of this article about gold prices here. http://resourceswire.com/2012/12/auguries-11/
Fresh Releases - December 10, 2012
Canadian Orebodies V.CO | St Andrew Goldfields T.SAS | Fire River Gold Corp. V.FAU
Kevin Michael Grace
Canadian Orebodies reports Nunavut Iron Assays up to over 28.07% over 85.5m
St Andrew reports Ontario Gold Assays up to 10.22 g/t over 24m
Fire River reports Alaska Assays up to 50.26 g/t Gold, 42.36 g/t Silver, 3.37% Copper over 7.6m
Read these assay results and press releases. http://resourceswire.com/2012/12/fresh-releases-25/
Fresh Releases - December 10, 2012
Canadian Orebodies V.CO | St Andrew Goldfields T.SAS | Fire River Gold Corp. V.FAU
Kevin Michael Grace
Canadian Orebodies reports Nunavut Iron Assays up to over 28.07% over 85.5m
St Andrew reports Ontario Gold Assays up to 10.22 g/t over 24m
Fire River reports Alaska Assays up to 50.26 g/t Gold, 42.36 g/t Silver, 3.37% Copper over 7.6m
Read these assay results and press releases. http://resourceswire.com/2012/12/fresh-releases-25/
Fresh Releases - December 6, 2012
Rainy River Resources T.RR | Puma Exploration V.PUM | PMI Gold T.PMV | Keegan Resources T.KGN
Kevin Michael Grace
Rainy River reports Ontario Assays up to 2.9 g/t Gold, 10.6 g/t Silver over 33m
Puma reports NB Assays up to 162 g/t Silver, 0.9 g/t Gold, 1.1% Lead, 1.4% Zinc over 13m
PMI, Keegan merge to become Asanko Gold
Read the rest of these press release summaries here. http://resourceswire.com/2012/12/fresh-releases-24/
Fresh Releases - December 6, 2012
Rainy River Resources T.RR | Puma Exploration V.PUM | PMI Gold T.PMV | Keegan Resources T.KGN
Kevin Michael Grace
Rainy River reports Ontario Assays up to 2.9 g/t Gold, 10.6 g/t Silver over 33m
Puma reports NB Assays up to 162 g/t Silver, 0.9 g/t Gold, 1.1% Lead, 1.4% Zinc over 13m
PMI, Keegan merge to become Asanko Gold
Read the rest of these press release summaries here. http://resourceswire.com/2012/12/fresh-releases-24/
Fresh Releases - December 4, 2012
Kevin Michael Grace
Clifton Star reports Quebec Gold Assays up to 2.59 g/t over 36.6m
Claude reports Sask Seabee Santoy Gold Resource: 638K oz indicated and inferred
Castle reports BC Assays up to 1.22% Copper, 0.11 g/t Gold, 19.74% Iron over 23.8m
Read the rest of these assay results and their accompanying press releases. http://resourceswire.com/2012/12/fresh-releases-23/
Fresh Releases - December 4, 2012
Kevin Michael Grace
Clifton Star reports Quebec Gold Assays up to 2.59 g/t over 36.6m
Claude reports Sask Seabee Santoy Gold Resource: 638K oz indicated and inferred
Castle reports BC Assays up to 1.22% Copper, 0.11 g/t Gold, 19.74% Iron over 23.8m
Read the rest of these assay results and their accompanying press releases. http://resourceswire.com/2012/12/fresh-releases-23/
‘Probably The Best Hole I’ve Ever Drilled’
Terry Coughlan Discusses GoGold’s San Diego Silver-Copper-Gold Project
Kevin Michael Grace
December 3, 2012 - GoGold Resources Inc V.GGD) announced November 26 assay results the Chispa De Oro South target area at its San Diego Project in Durango State, Mexico.
Highlights include:
0.28 grams per tonne gold, 87 g/t silver, 1.1% copper over 194.3 metres
(including 0.35 g/t gold, 159.4 g/t silver, 1.6% copper over 82.3 metres)
0.08 g/t gold, 60.3 g/t silver, 1.9% copper over 38.7 metres
(including 0.16 g/t gold, 119.7 g/t silver, 4% copper over 12.2 metres)
0.03 g/t gold, 13.7 g/t silver, 2.2% copper over 6 metres
1.12 g/t gold, 208.1 g/t silver, 2% copper over 4.5 metres
0.12 g/t gold, 25.1 g/t silver, 0.3% copper over 49.5 metres
0.01 g/t gold, 16.2 g/t silver, 1.7% copper over 36.6 metres
Read Kevin Michael Grace's November 27 interview with President/CEO Terry Coughlan here. http://resourceswire.com/2012/12/probably-the-best-hole-ive-ever-drilled/
Auguries - November 30, 2012
Cui bono?
Kevin Michael Grace
Gold was down (at press time) $24.10 (-1.4%) for the week to $1,727.30, and silver was up $0.10 (+0.3%) to $34.31. GoldCore reports November 29 that gold fell $22.10 yesterday in a manner that raised not a few eyebrows. “The CME Group, which operates the US COMEX gold futures market, said Wednesday’s plunge in gold was not the consequence of a ‘fat finger’ or a human error.
“One thing that we can say for certain was that there was massive, concentrated selling as the New York stock markets opened with some 35,000 lots sold which is equivalent to 3.5 million ounces and saw the price fall from $1,735 per ounce to $1,711 per ounce between 0825 and 0830 EST. One sell order alone was believed to be 24 tonnes or 770,000 troy ounces. Incredibly, there was 35% daily volume in just 60 seconds. The selling, like all peculiar, counterintuitive, sharp selloffs in recent months, was COMEX driven with COMEX contracts slammed leading to further stop-loss selling.”
Read the rest of this article about gold prices here. http://resourceswire.com/2012/11/auguries-10/
Auguries - November 30, 2012
Cui bono?
Kevin Michael Grace
Gold was down (at press time) $24.10 (-1.4%) for the week to $1,727.30, and silver was up $0.10 (+0.3%) to $34.31. GoldCore reports November 29 that gold fell $22.10 yesterday in a manner that raised not a few eyebrows. “The CME Group, which operates the US COMEX gold futures market, said Wednesday’s plunge in gold was not the consequence of a ‘fat finger’ or a human error.
“One thing that we can say for certain was that there was massive, concentrated selling as the New York stock markets opened with some 35,000 lots sold which is equivalent to 3.5 million ounces and saw the price fall from $1,735 per ounce to $1,711 per ounce between 0825 and 0830 EST. One sell order alone was believed to be 24 tonnes or 770,000 troy ounces. Incredibly, there was 35% daily volume in just 60 seconds. The selling, like all peculiar, counterintuitive, sharp selloffs in recent months, was COMEX driven with COMEX contracts slammed leading to further stop-loss selling.”
Read the rest of this article about gold prices here. http://resourceswire.com/2012/11/auguries-10/
Organic Growth
Increased Production from New Zones is Semafo’s Future
Kevin Michael Grace
November 28, 2012 - Semafo Inc T.SMF announced November 20 assay results from its new Siou gold zone located 15 kilometres east of its Mana mill in Burkina Faso. Highlights include
5.58 grams per tonne gold over 10 metres
7.64 g/t gold over 3 metres
2.25 g/t gold over 6 metres
3.87 g/t gold over 7 metres
9.48 g/t gold over 4 metres
8.54 g/t gold over 5 metres
12.15 g/t gold over 3 metres
19.22 g/t gold over 4 metres
10.66 g/t gold over 3 metres
8.41 g/t gold over 6 metres
President/CEO Benoit Desormeaux spoke to Kevin Michael Grace November 22, read it here. http://resourceswire.com/2012/11/organic-growth/
Sea Power
Gord McKinnon Explains Canadian Orebodies’ Iron Ore Advantage
Kevin Michael Grace
November 29, 2012 - Canadian Orebodies Inc V.CO announced November 12 the completion of the summer drill program at its Haig Inlet Iron Project on the Belcher Islands in Nunavut. Thirty-eight holes totaling 6,467 metres were drilled at four separate target areas: Haig West, Haig South, Haig North Extension and Kihl Bay.
On November 5, the company announced it had exercised its option to buy the remaining 75% of the Haig Inlet Iron Project by issuing 17.5 million shares. It also announced assay results from Haig Inlet. Highlights include
26.19% iron over 88.2 metres
28.48% iron over 56.8 metres
25.73% iron over 89 metres
28.93% iron over 55.9 metres
25.13% iron over 84.45 metres
27.28% iron over 52.8 metres
25.98% iron over 70.05 metres
25.05% iron over 46.7 metres
President/CEO Gordon McKinnon spoke to Kevin Michael Grace November 6, read it here. http://resourceswire.com/2012/11/sea-power/
Third Party, Big Savings
Gowest Plans to Contract Out Gold Processing in Timmins
Kevin Michael Grace
November 27, 2012 - Gowest Gold Ltd V.GWA announced November 20 an updated resource estimate for the Frankfield East Gold Deposit at its North Timmins Gold Project located 42 kilometres northeast of Timmins, Ontario. Indicated resources are 6 million tonnes grading 4.88 grams per tonne gold for 945,600 ounces, and inferred resources are 3.7 million tonnes grading 4.22 g/t for 536,800 ounces.
The indicated resource, an increase of 170% over the previous estimate, is determined from surface to a maximum depth of 400 metres and along a strike of 950 metres, while the inferred resource is determined from between 400 metres and 1,000 metres.
As announced November 12, Gowest has entered into a memorandum of understanding with an existing third-party processor in the Timmins area to process ore from Frankfield East for a fee. Gold concentrate produced thereby will be sold through a separate offtake agreement.
President/CEO Greg Romain was interviewed by Kevin Michael Grace November 21 - read it here. http://resourceswire.com/2012/11/third-party-big-savings/
Fresh Releases - November 27, 2012
Almaden Minerals T.AMM | Waymar Resources V.WYM | Northquest V.NQ
Kevin Michael Grace
Almaden reports Mexico Assays up to 3.76 g/t Gold, 18.1 g/t Silver over 134.2m
Waymar reports Colombia Assays up to over 5.16 g/t Gold, 1.49% Zinc over 17.5m
Northquest reports Nunavut Gold Assays up to 8.23 g/t over 156.5m
Read the rest of these assay results and their press releases here. http://resourceswire.com/2012/11/fresh-releases-22/
Auguries - November 24, 2012
The Wolf At The Door
Kevin Michael Grace
Gold was up (at press time) $37.60 (+2.2%) for the week to $1,751.40, and silver was up $1.54 (+4.7%) to $34.21. Bloomberg reported that gold reached a five-week high, and silver reached a six-week high “as the [US] dollar’s drop spurred demand for the metals as alternative investments.”
Reuters reported that, according to UBS, gold had faced “a key technical level” at $1,739.10. “Our technical strategist notes that a break above this level, which is the month’s high, would be a crucial bullish development that would open up $1,748.95, the 62% percent retracement of the October-November selloff ahead of $1,794.80, the October high.” Having risen $23.20 Friday, gold has already gained back that 62% and more.
Read the rest of this article about gold prices. http://resourceswire.com/2012/11/auguries-9/
Auguries - November 24, 2012
The Wolf At The Door
Kevin Michael Grace
Gold was up (at press time) $37.60 (+2.2%) for the week to $1,751.40, and silver was up $1.54 (+4.7%) to $34.21. Bloomberg reported that gold reached a five-week high, and silver reached a six-week high “as the [US] dollar’s drop spurred demand for the metals as alternative investments.”
Reuters reported that, according to UBS, gold had faced “a key technical level” at $1,739.10. “Our technical strategist notes that a break above this level, which is the month’s high, would be a crucial bullish development that would open up $1,748.95, the 62% percent retracement of the October-November selloff ahead of $1,794.80, the October high.” Having risen $23.20 Friday, gold has already gained back that 62% and more.
Read the rest of this article about gold prices. http://resourceswire.com/2012/11/auguries-9/
Accidental Re-post
Gold Plus
Romios Discovers Scandium in BC’s Golden Triangle
Kevin Michael Grace
November 22, 2012 - Newmont Lake: An ‘unprecedented’ opportunity.
Romios Gold Resources Inc V.RG announced November 13 assay results from seven drillholes at the Ken Zone on its Newmont Lake Project in the Golden Triangle District in northwest British Columbia. Highlights include
0.23 grams per tonne gold, 0.03% copper, 0.26 g/t silver, 32.67 g/t scandium over 198.2 metres
0.5 grams per tonne gold, 0.11% copper, 1.5 g/t silver, 13.22 g/t scandium over 29.28 metres
0.19 grams per tonne gold, 0.02% copper, 0.37 g/t silver, 25.52 g/t scandium over 102.67 metres
0.02 grams per tonne gold, 0.01% copper, 0.09 g/t silver, 37.95 g/t scandium over 50.42 metres
0.39 grams per tonne gold, 0.07% copper, 0.13 g/t silver, 12.87 g/t scandium over 31.9 metres
0.09 grams per tonne gold, 0.01% copper, 0.12 g/t silver, 31.81 g/t scandium over 62.38 metres
Romios controls numerous properties comprising 73,000 hectares in the Golden Triangle.
President/CEO Tom Drivas spoke to Kevin Michael Grace November 13 - read the interview here. http://resourceswire.com/2012/11/gold-plus/
‘A Lot Bigger Than We Anticipated’
Paul Gill Discusses Lomiko’s Quebec Flake Graphite Project
Kevin Michael Grace
November 21, 2012 - Lomiko Metals Inc V.LMR announced November 13 assay results from the final 17 of 23 drillholes completed at its Quatre Milles East Flake Graphite Property in Quebec. Highlights include
2.47% Cgr (carbon in graphite or graphitic carbon) over 42.92 metres
(including 8.02% Cgr over 5.46 metres)
6.23% Cgr over 19.52 metres
2.89% Cgr over 32.53 metres
2.73% Cgr over 41.3 metres
2.83% Cgr over 40.45 metres
(including 10.01% Cgr over 3.45 metres)
3.43% Cgr over 38.15 metres
(including 10.8% Cgr over 4.77 metres)
3.71% Cgr over 39.8 metres
(including 8.81% Cgr over 9.9 metres)
3.71% Cgr over 43.20 metres
Quatre Milles East consists of 1,600 hectares located 175 kilometres northwest of Montreal. In May, Lomiko optioned the Quatre Milles West Property, 2,180 hectares adjacent to Quatre Milles East. In addition to these graphite properties, Lomiko owns the Vines Lake gold property in the Liard Mining District of northwest British Columbia and the Salar de Aguas Caliente Lithium Brine Property in Chile.
Lomiko President/CEO Paul Gill spoke to Kevin Michael Grace November 14 - read the interview here. http://resourceswire.com/2012/11/a-lot-bigger-than-we-anticipated/
‘A Lot Bigger Than We Anticipated’
Paul Gill Discusses Lomiko’s Quebec Flake Graphite Project
Kevin Michael Grace
November 21, 2012 - Lomiko Metals Inc V.LMR announced November 13 assay results from the final 17 of 23 drillholes completed at its Quatre Milles East Flake Graphite Property in Quebec. Highlights include
2.47% Cgr (carbon in graphite or graphitic carbon) over 42.92 metres
(including 8.02% Cgr over 5.46 metres)
6.23% Cgr over 19.52 metres
2.89% Cgr over 32.53 metres
2.73% Cgr over 41.3 metres
2.83% Cgr over 40.45 metres
(including 10.01% Cgr over 3.45 metres)
3.43% Cgr over 38.15 metres
(including 10.8% Cgr over 4.77 metres)
3.71% Cgr over 39.8 metres
(including 8.81% Cgr over 9.9 metres)
3.71% Cgr over 43.20 metres
Quatre Milles East consists of 1,600 hectares located 175 kilometres northwest of Montreal. In May, Lomiko optioned the Quatre Milles West Property, 2,180 hectares adjacent to Quatre Milles East. In addition to these graphite properties, Lomiko owns the Vines Lake gold property in the Liard Mining District of northwest British Columbia and the Salar de Aguas Caliente Lithium Brine Property in Chile.
Lomiko President/CEO Paul Gill spoke to Kevin Michael Grace November 14 - read the interview here. http://resourceswire.com/2012/11/a-lot-bigger-than-we-anticipated/
The Piper Must Be Paid
Bob Moriarty on Derivatives, Depression and Gold
Kevin Michael Grace
November 19, 2012 - Kevin Michael Grace spoke with Bob Moriarty, founder and President of 321Gold.com November 14.
RW: What do you think of the prospects for the US economy after the re-election of Obama?
BM: I don’t think the election has anything to do with anything. I think the 800-pound gorilla in the room is the debt situation, and certainly the US is one of the worst. We’re an economy powered by debt, and it’s a fractional reserve system, so there’s always more debt than money. Sooner or later you have to pay the piper. This concept that you can somehow spend your way to prosperity is like trying to drink yourself sober.
RW: But that’s the course the US has been on at least since 2007, and there seems to be no end in sight.
BM: Absolutely correct. How can we have a recovery with a real debt of $7 trillion dollars? I mean it’s going to blow sky high. I’m not saying this as doom and gloom or anything else. The real deficit of the US is $7 trillion a year in an economy of $14 trillion. That’s not sustainable...
Read the rest of the interview here. http://resourceswire.com/2012/11/the-piper-must-be-paid/
The Piper Must Be Paid
Bob Moriarty on Derivatives, Depression and Gold
Kevin Michael Grace
November 19, 2012 - Kevin Michael Grace spoke with Bob Moriarty, founder and President of 321Gold.com November 14.
RW: What do you think of the prospects for the US economy after the re-election of Obama?
BM: I don’t think the election has anything to do with anything. I think the 800-pound gorilla in the room is the debt situation, and certainly the US is one of the worst. We’re an economy powered by debt, and it’s a fractional reserve system, so there’s always more debt than money. Sooner or later you have to pay the piper. This concept that you can somehow spend your way to prosperity is like trying to drink yourself sober.
RW: But that’s the course the US has been on at least since 2007, and there seems to be no end in sight.
BM: Absolutely correct. How can we have a recovery with a real debt of $7 trillion dollars? I mean it’s going to blow sky high. I’m not saying this as doom and gloom or anything else. The real deficit of the US is $7 trillion a year in an economy of $14 trillion. That’s not sustainable...
Read the rest of the interview here. http://resourceswire.com/2012/11/the-piper-must-be-paid/
Auguries - November 16, 2012
Fool's Gold
Kevin Michael Grace
Gold was down (at press time) $12.20 (-0.7%) for the week to $1,713.80, and silver was up $0.43 (+1.4%) to $32.67. Gold fell $16.30 Thursday; the Associated Press attributed this to “growing worries about global economic growth with pending US budget issues and Europe’s recession.”
According to George Gero, vice president at RBC Global Futures, “Gold has a reputation as a relatively safe asset to hold during economic turmoil, but investors are ‘in a quandary and conserving cash.’”
Read the rest of this article about gold prices. http://resourceswire.com/2012/11/auguries-8/
Auguries - November 16, 2012
Fool's Gold
Kevin Michael Grace
Gold was down (at press time) $12.20 (-0.7%) for the week to $1,713.80, and silver was up $0.43 (+1.4%) to $32.67. Gold fell $16.30 Thursday; the Associated Press attributed this to “growing worries about global economic growth with pending US budget issues and Europe’s recession.”
According to George Gero, vice president at RBC Global Futures, “Gold has a reputation as a relatively safe asset to hold during economic turmoil, but investors are ‘in a quandary and conserving cash.’”
Read the rest of this article about gold prices. http://resourceswire.com/2012/11/auguries-8/
Fresh Releases - November 14, 2012
Ascot Resources V.AOT | Endeavour Silver T.EDR | Alhambra Resources V.ALH
Kevin Michael Grace
Ascot Resources reports BC Assays up to 1.89 g/t Gold, 6.4 g/t Silver over 75.2m
Endeavour reports Mexico Assays up to 2.28 g/t Gold, 796 g/t Silver over 7.6m
Alhambra reports Kazakhstan Gold Assays up to 1.12 g/t over 135.6m
Read the rest of these press releases and assay results here. http://resourceswire.com/2012/11/fresh-releases-20/
A District, Not Just An Orebody
CEO Raymond Threlkeld Talks About Rainy River’s New Intrepid Zone
Kevin Michael Grace
November 14, 2012 - Rainy River Resources Ltd T.RR announced November 14 a $57.5-million bought-deal private placement to fund its Rainy River Gold Project (RRGP) and working capital. The agreement with National Bank Financial and BMO Capital Markets as co-lead underwriters will see the issuance of 10.5 million common shares at $5.50. The underwriters have the option to buy a further 1.6 million shares.
Also November 13, Rainy River announced the latest assays from its new Intrepid Zone, located one kilometre east of the proposed openpit boundary of RRGP. Highlights include
2.2 grams per tonne gold, 38.5 g/t silver over 18.5 metres
(including 6 g/t gold, 83.9 g/t silver over 3 metres)
4.3 g/t gold, 33.3 g/t silver over 18 metres
(including 8.4 g/t gold, 37 g/t silver over 6 metres)
3.8 g/t gold, 12.3 g/t silver over 10.5 metres
(including 8.3 g/t gold, 22.6 g/t silver over 3 metres)
RRGP comprises 16,530 hectares located 65 kilometres northwest of Fort Frances, near the Minnesota border. According to an October 10, 2012, 43-101 resource estimate, it contains 158.5 million tonnes grading 1.21 g/t gold and 2.62 g/t silver for 6.17 million ounces gold and 13.3 million ounces silver measured and indicated and 93.8 million tonnes grading 0.75 g/t gold and 2.32 g/t silver for 2.28 million ounces gold and 6.98 million ounces silver inferred. (Cutoff grades are 0.35 g/t gold openpit and 2.5 g/t gold underground.)
President/CEO Raymond Threlkeld spoke to Kevin Michael Grace November 8. Read the interview here. http://resourceswire.com/2012/11/a-district-not-just-an-orebody/
Fresh Releases - November 14, 2012
International Northair Mines V.INM | Orezone Gold Corp T.ORE | Paramount Gold and Silver T.PZG
Kevin Michael Grace
Intl Northair reports Mexico Assays up to 95.1 g/t Silver, 0.096 g/t Gold over 11m
Orezone reports Burkina Faso Gold Assays up to over 1.1 g/t over 42m
Paramount reports Mexico Assays up to 52.71 g/t Silver over 7.6m
Read the rest of these press release summaries and assay results. http://resourceswire.com/2012/11/fresh-releases-19/