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Posts Tagged ‘#tellerium’

GGX Gold $GGX.ca – Investors Hoard Most Gold in ETFs in Six Years $XIM.ca $K.ca $GOM.ca

Posted by AGORACOM-Eric at 2:52 PM on Thursday, August 22nd, 2019

SPONSOR: GGX Gold Corp (TSX-V: GGX) GGX’s Gold Drop Property resides within a multi-million ounce gold producing region in British Columbia. The property holds the C.O.D. Vein and recently discovered Everest Vein. GGX has initiated 2019 drilling at Gold Drop. Click Here for More Info

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  • Worldwide holdings have rebounded since 2016 on rising demand
  • Goldman Sachs has forecast further gains in bullion to $1,600

Gold’s faring extremely well as a haven asset, with inflows into exchange-traded funds hitting 1,000 tons since holdings bottomed in early 2016 after a prolonged unwind in the wake of the global financial crisis.

Total known ETF holdings expanded to 2,424.9 tons on Wednesday, the highest since 2013, following inflows over the past three years and a continued build-up in 2019, according to data compiled by Bloomberg. Current assets are about 1,000 tons higher than the post financial crisis nadir of 1,425.1 tons.

Gold has surged this year as investors seek protection from slowing global growth, the incessant trade war, and turmoil in the bond market that suggests the U.S. may be headed for another recession. The rise has been aided by a rate cut from the Federal Reserve and expectations more will soon follow. This week, veteran investor Mark Mobius gave a blanket endorsement to buying bullion, saying accumulating the precious metal will reap long-term rewards.

Others are also bullish. Goldman Sachs Group Inc. has said prices will climb to $1,600 an ounce over the next six months. The bank’s global head of commodities research, Jeffrey Currie, said that gains are likely be fueled by demand for ETFs as well as increased central-bank purchases. Spot gold traded at about $1,500 on Thursday, up 17% this year.

SOURCE: https://www.bloomberg.com/news/articles/2019-08-22/gold-inflows-hit-1-000-tons-as-investors-seek-shelter-in-etfs

GGX Gold $GGX.ca – China Scoops Up More Gold for Reserves During Trade War $XIM.ca $K.ca $GOM.ca

Posted by AGORACOM-Eric at 10:48 AM on Thursday, August 8th, 2019

SPONSOR: GGX Gold Corp (TSX-V: GGX) GGX’s Gold Drop Property resides within a multi-million ounce gold producing region in British Columbia. The property holds the C.O.D. Vein and recently discovered Everest Vein. GGX has initiated 2019 drilling at Gold Drop. Click Here for More Info

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  • Beijing wants more gold in its reserves.
  • China’s central bank expanded gold reserves again in July, pressing on with a run that stretches back to December.
  • The People’s Bank of China raised holdings to 62.26 million ounces from 61.94 million a month earlier, according to data on its website.
  • In tonnage terms, the inflow was close to 10 tons, following the addition of about 84 tons in the seven months to June.
https://www.newsmax.com/Newsmax/files/1e/1e2a6f95-5225-4b09-827b-bbb3e764ebc0.jpg

There’s a powerful constant amid the to-and-fro of the U.S.-China trade war as currency policy gets dragged into the standoff between the world’s two top economies: Beijing wants more gold in its reserves.

China’s central bank expanded gold reserves again in July, pressing on with a run that stretches back to December. The People’s Bank of China raised holdings to 62.26 million ounces from 61.94 million a month earlier, according to data on its website. In tonnage terms, the inflow was close to 10 tons, following the addition of about 84 tons in the seven months to June.

Gold has rallied in 2019 to a hit a six-year high as global growth stutters, central banks including the Federal Reserve eased policy, and the festering trade war all combined to bolster demand. Increased central-bank buying from China to Russia and Poland has helped to buttress consumption at a time of rising prices. This week, the conflict between Washington and Beijing worsened as the yuan was allowed to breach a key level, reinforcing the case for havens.

“It is important for the country to diversify away from the U.S. dollar,” Philip Klapwijk, managing director at consultant Precious Metals Insights Ltd., said before the PBOC’s latest figure was released. “Over the long run, even relatively small-scale gold purchases add up and help to meet this objective.”

Gold futures rose as much as 1.3% to $1,503.30 an ounce on Wednesday, the highest since 2013, before trading at $1,500.70 at 11:26 a.m. in London.

“This fits with China’s well established pattern of increasing gold reserves month after month but not in a large enough volume to disrupt the gold market,” said Ross Strachan, a senior commodities economist at Capital Economics Ltd. “We expect them to continue this trend as part of their long-term strategy to diversify their foreign exchange reserves.”

Central banks continued to load up on gold this year, helping push total bullion demand to a three-year high in the first half, according to the World Gold Council. That trend is expected to continue, with a survey of central banks showing 54% of respondents expect holdings to climb in the next 12 months.

“Bear in mind that China is the largest mine producer of gold in the world,” Klapwijk added. “The state can always buy local mine production using” local currency, he said.

SOURCE: https://www.newsmax.com/finance/markets/china-gold-reserves-trade-war/2019/08/07/id/927608/

GGX Gold $GGX.ca – Gold Looking To Break Out $XIM.ca $K.ca $GOM.ca

Posted by AGORACOM-Eric at 11:48 AM on Wednesday, July 31st, 2019

SPONSOR: GGX Gold Corp (TSX-V: GGX) GGX’s Gold Drop Property resides within a multi-million ounce gold producing region in British Columbia. The property holds the C.O.D. Vein and recently discovered Everest Vein. GGX has initiated 2019 drilling at Gold Drop. Click Here for More Info

  • Expectations are the Fed will cut rates by 25 basis points
  • Falling interest rates make metals more attractive
  • Tie in bullish technicals with a clueless Fed and we should see higher gold and silver prices.

Yesterday we wrote that gold and silver would probably be quiet and flat until after the Fed reported on Wednesday. It now looks like the metals are trying to get a jump on the Fed and have started to rally early.

Friday saw gold trade as low as $1,412 and suddenly the metal is back over $1,440. There was a late-day rally Monday with some early morning follow-through today. The key to watch in gold is the $1,450 level, since a close above would signal $1,500 is not far behind. Silver looks like it wants to join the rally and push through $17.

Expectations are the Fed will cut rates by 25 basis points; that would be bullish for the metals. Falling interest rates make metals more attractive. Tie in bullish technicals with a clueless Fed and we should see higher gold and silver prices.

SOURCE: https://www.kitco.com/commentaries/2019-07-30/Gold-Looking-To-Break-Out.html

GGX Gold Update on Gold Drop Drilling $GGX.ca $XIM.ca $K.ca $GOM.ca

Posted by AGORACOM-Eric at 9:33 AM on Wednesday, July 24th, 2019
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  • Drilling at the C.O.D. North vein – 421m has been drilled in 7 holes
  • 1,965m drilled in 32 holes on the main COD vein – Assays Due
  • Drill testing “Anomaly” at depths between 500 and 800 metres
  • The anomaly is interpreted as a pipe-like structure measuring 1834 by 1377m

VANCOUVER, BC / ACCESSWIRE / July 24, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) provides the following update on its exploration activities at its Gold Drop property in the Greenwood Mining Camp.

Drilling resumed as of July 16 at the C.O.D. North vein. As of July 22, a total of 421 metres has been drilled in 7 holes on the COD North, in addition to the total of 1,965 metres drilled in 32 holes on the main COD vein. An initial batch of samples was submitted for analyses in late June, but assays have not yet been received.

Preparations are also underway to drill a relatively deep hole on a geophysical anomaly (refer to news release dated July 4). Drill rods and bits have been purchased and a night shift drill crew has been arranged. The drill site has been selected and verified by a representative for Earth Science Services Corporation of Oshawa, Ontario (ESSCO). The initial hole is planned to be drilled to test the target zone at depths between 500 and 800 metres. The anomaly is interpreted as a pipe-like structure that measures 1834 by 1377 metres.

The Company also announces that it has repriced the flow through portion of its private placement originally announced on June 18, 2019. The non brokered private placement will now be an offering of up to 4,000,000 flow through units at a price of Cdn$0.25 per unit for gross proceeds of $1,000,000. Each flow-through unit will comprise one common share (which is a flow-through share for Canadian income tax purposes) and one-half share purchase warrant. Each whole flow-through warrant will entitle the holder to purchase one additional common share which is not a flow-through share at the price of $0.35 for 18 months after closing. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.40 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 20 days from the date of providing such notice. The proceeds of the private placement will be used for continued exploration work including diamond drilling and trenching at the Company’s Gold Drop property near Greenwood in Southern British Columbia.

The terms of the non-flow through placement remain as announced on June 18, 2019.

A finder’s fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders’ fees are both subject to approval by the TSX-V.

David Martin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release.

On Behalf of the Board of Directors
George Sookochoff, President,
604-488-3900
[email protected]

Investor Relations:
Mr. Jack Singh,
604-488-3900,
[email protected]

Client Feature: GGX Gold $GGX.ca Drilling for High Grade Gold, Silver and Tellerium at Gold Drop $GGX.ca $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 10:41 AM on Friday, June 14th, 2019

GGX Gold Hub on Agoracom

FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp

Client Feature: GGX Gold Drilling for High Grade Gold Silver and Tellerium at Gold Drop $GGX.ca $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 3:38 PM on Wednesday, May 29th, 2019

GGX Gold Hub on Agoracom

FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp

Client Feature: GGX Gold Drilling for High Grade Gold Silver and Tellerium at Gold Drop $GGX.ca $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 12:30 PM on Friday, May 17th, 2019

GGX Gold Hub on Agoracom

FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp

Client Feature: $GGX.ca GGX Gold Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 4:47 PM on Wednesday, May 15th, 2019
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Fortis Metals, the world’s leading producer of minor metals, recently forecast a tellurium supply deficit that, “as of 2020 could be as big as a staggering 370 metric tonnes.”

Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:

            “At the moment, we are still seeing (tellurium) inventories in China but these are  being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in  2011.”

GGX has produced some of the highest grade drill intercepts in the world over the 2018 drill season, which compliment High Grade Gold intercepts of:

  • COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
  • COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.

GGX Gold Hub on Agoracom

FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp

Client Feature: $GGX.ca GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 10:18 AM on Friday, May 10th, 2019

Fortis Metals, the world’s leading producer of minor metals, recently forecast a tellurium supply deficit that, “as of 2020 could be as big as a staggering 370 metric tonnes.”

Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:

            “At the moment, we are still seeing (tellurium) inventories in China but these are  being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in  2011.”

GGX has produced some of the highest grade drill intercepts in the world over the 2018 drill season, which compliment High Grade Gold intercepts of:

  • COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
  • COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.

GGX Gold Hub on Agoracom

FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp

Client Feature: GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $GGX.ca $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 5:37 PM on Saturday, April 27th, 2019

Fortis Metals, the world’s leading producer of minor metals, recently forecast a tellurium supply deficit that, “as of 2020 could be as big as a staggering 370 metric tonnes.”

Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:

            “At the moment, we are still seeing (tellurium) inventories in China but these are being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in  2011.”

GGX has produced some of the highest grade drill intercepts in the world over the 2018 drill season, which compliment High Grade Gold intercepts of:

  • COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
  • COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.
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GGX Gold Hub on Agoracom

FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp