Thunder Bay, ON - Wolfden Resources continues to drill high-grade massive sulphide mineralization at its Pickett Mountain project in Maine, where it has two diamond drills turning.In its latest results, Wolfden reported a 12.7-metre intercept starting from 240 metres below surface, and grading 6.6% zinc, 2.8% lead, 1.5% copper, 99.4 g/t silver, and 0.6 g/t gold (or 10.9% combined zinc, lead and co...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD LONE STAR ZONE ASSAYS 1.32 G/T AU OVER 47.0 METRES AND 1.11 G/T AU OVER 36.25 METRESKlondike Gold Corp. has provided assays from a further 12 drill holes at the Lone Star zone at the company's wholly owned Klondike district property, Yukon territory.A total of 87 holes (9,511.93 metres) were drilled in 2018. To date, final assay results have been received and...Read More
Almost exactly one year ago today, I'd discussed the rise of cryptocurrencies as an alternative to precious metals. Crypto has fallen out of favour after suffering a precipitous drop in late 2017 and early 2018, but the debate over its future as an asset class has raged on. Some crypto enthusiasts have argued that price stabilization will only add to its value as an alternative safe haven in compa...Read More
It has been a tough year for investors in intermediate gold miner New Gold (TSX:GLD)(NYSE:GLD). Despite gold only losing around 7% since the start of 2018, the miner has seen its stock collapse, plummeting by 73% because of shortfalls at its Rainy Creek mine and management revising its 2018 guidance downward. The miner, however, delivered a solid third quarter 2018, beating analyst estimates, indi...Read More
Skeena Resources (TSX.V: SKE)(OTCQX: SKREF) today announced drill results for six holes from the Phase I drilling program at the Eskay Creek Project in British Columbia's Golden Triangle.Drill results returned high grades: up to 10 grams per tonne gold equivalent at 45 metres, and up to 502 grams per tonne silver equivalent at 12 metres. The Phase I drilling program at Eskay Creek continues to...Read More
Mr. Mark Kolebaba reportsADAMERA COMPLETES FIRST DRILL HOLE AT LAMEFOOT SOUTH - DRILL MOVES TO OVERSIGHT PROSPECT TO FOLLOW UP HIGH GRADE INTERSECTIONAdamera Minerals Corp. has completed the first drill hole, LFS18-01, on the Lamefoot South property in Washington. The drill hole was sited 280 metres south of the Lamefoot gold mine. Assays are pending. Drill hole LFS18-01 encountered zones with int...Read More
Market sentiment continues to oscillate in regard to U.S. equities as traders continue to witness large price swings in both directions. Gone are the days when a 100- or 200-point gain or decline in the Dow Jones Industrial Average would be considered a sizable move. It seems there is a new normal. That normal is characterized by swings in the Dow in excess of 500 points or more in terms of the da...Read More
Mr. N. Eric Fier reportsSILVERCREST ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND PROVIDES PROJECT UPDATESilvercrest Metals Inc. has appointed Hannes Portmann to the board of directors, replacing George Sanders, who is retiring from the board. Silvercrest is also pleased to provide a brief update of continuing activities at the Las Chispas project.Mr. Portmann is a mining executive with significant...Read More
Gold has whipsawed wildly over the course of 2018, hitting a high over US$1,362 per ounce in January only to plummet to a low of US$1,177 an ounce by mid-August. While the yellow metal has recovered in recent weeks to trade over the psychologically important US$1,200-an-ounce mark, it is still down by just under 5% for the year to date. Despite gold's negative outlook because of poor fundamental...Read More
Vancouver-based explorer Golden Arrow Resources (TSX-V: GRG) has entered into a Definitive Agreement with Mineria Activa SpA to acquire up to 100% of the Indiana gold-copper project in Chile. Indiana is located approximately 35 kms from Golden Arrow's new Atlantida copper-gold project.The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper vein-hos...Read More
Editorial credit: Andriy Blokhin / Shutterstock.com(Kitco News) - Global central bank interest in gold is growing and has roomto grow according to one former senior executive at the New York FederalReserve.That growing sentiment could be felt during the LondonBullion Market Association’s 2018 precious metals conference, which includedmore than 30 delegates from central banks around the world...Read More
(Kitco News) - 2018 Halloween candy prices in the U.S. are expected to rise 0.5% compared to last year, after two past consecutive years of price deflation, according to British data provider IHS Markit. Halloween candy spending is expected to increase 4.2% year-on-year, up from last year's 2.4% growth. Candy spending is projected to total $2.5 billion, translating to around $20 per household in...Read More
Excelsior Mining plans to complete construction at its Gunnison copper project in south eastern Arizona and enter production over the next year after agreeing to a US$75 million project financing package with Triple Flag Mining Finance.Triple Flag will buy a US$65 million copper stream on Gunnison and US$10 million in shares from Excelsior. The package includes an option for Triple Flag to fund a...Read More
Africa-focused Gem Diamonds (LON:GEMD) said Wednesday it's on track to meet its long-term targets, as third-quarter production rose 27% in the three months to Sep. 30, when compared to the same period last year.The company, which has found over a dozen of huge precious rocks at its flagship Let??eng mine in Lesotho this year, now expects to recover 120,000 carats to 124,000 carats of diamonds...Read More
(Kitco News) - Gold’s tight negative correlation with the U.S. dollar will help prices go higher within the next 12 months, according to Wells Fargo, which forecasts weaker greenback to come.“We see higher gold prices ahead as we expect commodity prices in general to increase and the U.S. dollar to weaken. Our rolling 12-month target price for gold remains $1,250 - $1,350 per ounce,&rd...Read More
Klondike Gold Corp. reported assays from a further twelve drill holes at the Lone Star Zone at the Company's wholly owned Klondike District Property, Yukon Territory.A total of 87 holes (9,511.93 meters) were drilled in 2018. To date, final assay results have been received and released from 42 of the 87 diamond drill holes completed in 2018. Exploration continues to affirm multiple local sources o...Read More
(Kitco News) - Gold andsilver prices arelower and have hit three-week and four-week lows, respectively, in early-afternoonU.S. trading Wednesday. Improving trader and investor risk appetite in themarketplace at mid-week is bearish for the safe-haven metals. Also, a strongerU.S. dollar index that scored a new for-the-move high today is pressuring theprecious metals markets this week. December gold...Read More
Mr. Mike Mutchler reportsAMARILLO PROVIDES UPDATE ON DRILLING RESULTS AT MARA ROSAAmarillo Gold Corp. is providing additional results from its continuing drilling at its Mara Rosa open-pit gold project in Goias state, Brazil. Highlights: 1.81 grams per tonne gold over a 13-metre core length in hole 18P058;3.54 g/t Au (or 6.24 g/t Au uncut) over 11 m core length in hole 18P061;1.33 g/t Au over 17 m...Read More
LONDON/NEW YORK (Reuters) - Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday.Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention, and vexed regulators worried about its crime misuse and weakness to hacking.The following are some major milestones in bitcoin’s first decad...Read More
Mr. Walt Coles Jr. reportsSKEENA INTERSECTS 10.09 G/T AUEQ OVER 45 METRES AT ESKAY CREEKSkeena Resources Ltd. has provided additional gold-silver assays for six holes from the continuing phase I surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase I program is being performed in the historically drill defined 21A, 21C and 22...Read More