Monday, October 28, 2019 11:39:06 AM
Nevada Gold Mines LLC, a joint venture between
Newmont-Goldcorp and Barrick Gold Exploration Inc.
("Barrick") operated by Barrick -
Premier Provides South Arturo Mine Update - Declares Commercial Production
Canada NewsWire
THUNDER BAY, ON, Oct. 28, 2019
Drilling Intersects 112.8 m of 7.29 g/t Au at Phase 3 and 24.4 m of 20.60 g/t Au at El Niño
THUNDER BAY, ON, Oct. 28, 2019 /CNW/ -
PREMIER GOLD MINES LIMITED (TSX: PG) (OTCPK: PIRGF) ("Premier",
"the Company") is pleased to announce commercial production has been
achieved, ahead of schedule, at the El Niño underground mine, the
Company's 40%-owned South Arturo Property located in the Carlin Trend of
Nevada.
Also, new definition and step-out drilling results from the ongoing
2019 campaign are showing better outcomes than projected.
Initial production supports this and emphasizes the continued
opportunity to expand high-grade mineralization on the property.
The South Arturo Mine is a joint venture between Premier and
Nevada Gold Mines LLC, a joint venture between
Newmont-Goldcorp and Barrick Gold Exploration Inc.
("Barrick") operated by Barrick.
Highlight intercepts include:
https://web.tmxmoney.com/article.php?newsid=4635557330281273&qm_symbol=PG
Gold sector is on major buy signal -
GLD is on short-term buy signal -
GDX is on short-term buy signal -
GDXJ is on short-term buy signal -
Analysis
$GOLD a technical bullish cup signal -
Between gold and gold stocks has a text book perfect buy signal -
$HUI breakout start from the multi-week consolidation -
If the current situation results in a similar fashion as 2016 -
looking at a 30 to 40% rally in coming weeks - *~<)
Summary
Long-term – on major buy signal -
Short-term – on mixed signals -
Gold sector cycle is down, a multi week consolidation/correction
is in progress but may have ended this week -
Traders holding a core position for the long-term, and will become more
bullish invested upon the cycle turning UP -
IMO!
Eric Sprott is a precious metals billionaire and mentions the potential
in silvers price to boom as well as explaining why! Link to the ...
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
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