Posted by AGORACOM
at 8:42 AM on Wednesday, August 5th, 2020
Toronto, Ontario–(Newsfile Corp. – August 5, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (“Red Light Holland” or the “Company“), an Ontario-based corporation positioning itself to engage in the production, growth and sale of a its brand of magic truffles to the legal, recreational market within the Netherlands (initially, in the form of its previously announced Microdosing Packs), is pleased to announce that it has expedited the build out of its approximately 3,000 square feet, custom built, indoor growing, production and distribution facility of the Company, in Horst, the Netherlands (the “Facility“) and has commenced growing its first crop of magic truffles.
“After careful research and planning, including working with our staff, consultants and contractors in the Netherlands and sourcing our truffles’ genetics, substrates and the proper equipment, Red Light Holland is ecstatic to announce that we have started to grow our first batch of magic truffles, much quicker than originally anticipated. This is another important milestone for the Company and we are quite proud to be moving along so quickly and efficiently,” said Todd Shapiro, Chief Executive Officer and Director of Red Light Holland.
Red Light Holland is currently growing three different strains of magic truffles, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis, and expects to have an initial batch of approximately 100,000 grams of magic truffles available in late October, 2020. Once ready, the magic truffles will be harvested over an approximate six week period, in order to be ready for internal testing and ultimately packaging and distribution within the Netherlands.
“This is an exciting day for the Company! I feel like cutting a ribbon to celebrate with our hard working team of consultants and growers behind the scenes who have helped get us to this point so rapidly. We have remained aggressive, despite COVID-19 slowdowns and Red Light Holland’s growth operation has officially begun,” added Hans Derix, President of Red Light Holland (who resides in Horst).
About Red Light Holland Corp.
The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale of its brand of magic truffles to the legal, recreational market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws. The Company’s brand of magic truffles are expected to be sold in the Netherlands through existing Smart Shops as well as its e-commerce platform, and are expected to be initially made available in the form of its previously announced Microdosing Packs.
Posted by AGORACOM
at 12:21 PM on Tuesday, August 4th, 2020
Sponsor: Red Light Holland’s goal is to grow, distribute and market a premium brand of magic truffles to the legal, recreational market within the Netherlands, and we can’t wait to shift the existing paradigm to direct further attention to the legal and responsible use of magic truffles. Click Here For More Info
At Imperial College we’ve been comparing psilocybin to conventional antidepressants – and the results are likely to be game-changing
The world is experiencing a devastating physical health emergency. But the coronavirus pandemic has also seen a renewed focus on our psychological wellbeing. Loneliness, uncertainty and grief may be intensifying an already acute mental health crisis, and in the US there has been a 20% spike in the number of prescriptions for antidepressant and anti-anxiety drugs during lockdown. Demand for key antidepressants is threatening to exceed supply in the UK – where prescriptions have already more than doubled over the last decade.
I head the Centre for Psychedelic Research at Imperial College London, the first of its kind, supported by about £3m in philanthropic donations. For 15 years, my research has focused on how drugs such as LSD, psilocybin, DMT and MDMA work in the brain, and how they may be useful in treating disorders such as depression. Like the present pandemic, a psychedelic drug experiences can be transformative – of the individual – and of society. Both illuminate the extent to which the condition of the world we inhabit is dependent on our own behaviours. And these, in turn, are a consequence of how we feel, think and perceive.
The Centre was founded in April 2019. A few months later, Johns Hopkins University in the US announced a supersized version, floated by $17m. If you have read Michael Pollan’s book How to Change Your Mind or seen the first episode of Gwyneth Paltrow’s Netflix series, The Goop Lab (titled The Healing Trip), you may be aware that such developments reflect a rising interest, and investment, in the mental health application of psychedelic drugs.
One reason for this is that a decades-long struggle to resurrect medical research in the area is beginning to bear fruit. In London, we have spearheaded work showing how psilocybin ( or “magic mushrooms”) can be used to assist psychotherapy for difficult-to-treat depression, making a significant difference when conventional antidepressants and talking therapy have not. Right now, we are crunching data from a much larger depression trial that compares psilocybin-assisted therapy with a six-week course of a conventional antidepressant drug, a “Prozac-like” selective serotonin reuptake inhibitor (SSRI). Preliminary analyses indicate game-changing results.
There hasn’t been a breakthrough in mental healthcare for some time, and psychedelic therapy works very differently to current treatments. Conventional drug treatments have dominated psychiatry for decades, and although many people prefer psychotherapy, it is more expensive, harder to access and arguably no more effective than the drugs.
These drugs haven’t changed much since their discovery, and come with side effects that put people off taking them. Where SSRIs are concerned, their antidepressant action seems to rely on a moderation of the stress response – but it is a palliative rather than curative action, which requires having the chemical in the body for several months or longer.
Psychedelic therapy is a much more comprehensive treatment package. It entails a small number of psychologically supported dosing sessions, flanked by assessment, preparation, and integration (talking through one’s experience afterwards). Psychedelics appear to increase brain “plasticity”, which, broadly speaking, implies an accelerated ability to change.
One view is that a psychedelic experience is a consequence of an especially intense surge of plasticity that opens a window of opportunity for lasting therapeutic change. The same windows may open up during other extreme states, such as experiencing trauma, stress-induced breakdown, a spontaneous spiritual experience or coming close to death. The difference with psychedelic therapy, however, is that the experience is carefully prepared for, contained and mediated. If not done this way, the use of psychedelics can be dangerous.
The impact of successful psychedelic therapy is often one of revelation or epiphany. People speak of witnessing “the bigger picture”, placing things in perspective, accessing deep insight about themselves and the world, releasing pent-up mental pain, feeling emotionally and physically recalibrated, clear-sighted and equanimous. This is very different from people’s descriptions of the effects of SSRIs, where a contrasting feeling of being emotionally muted is not uncommon. It would be premature to disclose the findings of our head-to-head trial prior to proper scientific review, but on top of impressive tolerability and antidepressant effects with psilocybin-assisted therapy, we are seeing remarkable changes in patient-relevant outcomes. These include increased quality of life, “flourishing” (feeling well rather than just “not depressed”), the ability to feel pleasure again and normal sexual functioning. The value of something new and different is often hard to gauge until it is placed alongside something more familiar, and our new study does this.
Those driving efforts to get psilocybin therapy licensed hope to be able to market it across North America and Europe within the next five years. As was the case with medicinal cannabis, however, it is quite possible that use could begin to scale up prior to formal licensing. Before Covid-19, a small but buoyant market existed for plant-based psychedelic retreats or ceremonies in pockets of Europe, as well as Central and South America. There have been a number of initiatives to liberalise policies on psychedelic use in the US, and the most ambitious is the psilocybin service initiative in Oregon, which aims to phase in legal, regulated psilocybin therapy through Oregon’s health system, from this year. Whatever one’s view on these developments, allying them with research is imperative if we are to advance scientific understanding, and ultimately inform and safeguard the individual.
Despite this progress, the idea of “psychedelics for mental health” will be petrol on flames for some. Stigma is attached to both mental illness and psychedelics, and so full entry into the mainstream won’t go unchallenged (and rightly so). If the 1960s is anything to go by, there may be passions to temper at both ends of the spectrum, as psychedelics evangelisers could stoke as much trouble as opponents – which is why a dispassionate, scientific approach is so important.
Like all tourism, the psychedelic variety will have taken a big hit in the pandemic, but it is unclear whether home use has been affected, either in prevalence or quality. “Hardly the best time for a trip,” one might think – but psychedelics are sensitive to the slippery subtleties of context. Many of the insights these compounds awaken are of a Buddhist sort, and although timelessly relevant, they feel particularly so today: the self as illusory, suffering as inevitable, attachment as a common cause of suffering, impermanence as fundamental, and slowing down, contemplation, breath, and community as potent resources.
Sars-Cov-2 is a virus that attacks the respiratory system and can kill. We all breathe, and we will all die, but our instinct is to forget and escape these truths. Two of this pandemic’s silver linings are that it has invited an expanded consciousness – and that people have slowed down. Many will have noticed their breath, contemplated their own and other’s impermanence, and felt grateful for care, love and life. If psychedelic therapy does fulfil its potential, it will be providing the same essential lessons. The extent to which we listen will be up to us.
Posted by AGORACOM
at 11:48 AM on Tuesday, August 4th, 2020
SPONSOR: Candente Gold is creating a growth strategy encompassing its Mexican assets to build a cash flowing business. Recent acquisition of the SDA Plant and the El Dorado Historic Mines is the first step. Their growth strategy is to build a cash flowing business platform and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship asset, and an integral part of the overall growth strategy. El Oro is a district scale gold project encompassing a well-known prolific high-grade gold-silver epithermal vein system in Mexico that has several undeveloped veins and has tremendous exploration potential. Click Here for More Info
LONDON (Reuters) – Gold’s rally has halted just below $2,000 an ounce partly due to fierce technical resistance, but an eventual break above that level is likely, freeing prices for more record highs, technical analysts said.
The gold price XAU= has surged 30% this year to an all-time peak around $1,975 an ounce and is one of 2020’s best-performing assets.
The rally was driven by a belief that gold will hold its value better than other assets as fallout from COVID-19 ripples through the global economy.
Central bank stimulus has pushed inflation-adjusted U.S. bond yields to record lows, making non-yielding gold more attractive, and the dollar has weakened sharply, making bullion cheaper for buyers with other currencies.
The never-before-reached $2,000-an-ounce mark is a major psychological resistance level, with gold’s 49-year trend channel resting just below it at $1,983, said Commerzbank technical analyst Karen Jones.
Only an end-of-month or, better yet, end-of-quarter close above these levels will signal a break from the channel, she said.
“Tighten your stops … unless the top of my range is taken out in a convincing manner … upside from here is marginal.”
Technical analysts seek patterns and signals in price charts which allow them to predict and interpret moves. Traders and automated trading systems also take prompts from technical signals.
Because gold’s rally has been so fast, a downward correction is likely and could be brutal, analysts said, before the market attempts another stab higher.
Early support is coming in around its 20-day moving average, at $1,875, and the bottom of its 4-month uptrend, around $1,830.
Below that is more powerful support at the 20-week moving average, currently at $1,755, said Tom Pelc, an independent technical analyst formerly at Nomura and RBS.
Such a fall wouldn’t necessarily doom the longer-term uptrend.
“We continue to see this improving volatility backdrop, so there’s no sign that the long-term trend is changing,” said Richard Adcock, a former UBS and now independent technical analyst.
“The market can carry on higher than people expect,” he said.
If resistance is broken, Fibonacci extensions offer short-term targets. These are based on the idea that a rally will extend in predictable proportions extrapolated from a previous rally. One is at $2,067, said Pelc, another comes in at $2,286.
That could only be the beginning of a multi-year move. Lucas ratios — a tool using a sequence of numbers similar to Fibonacci’s — suggest gold could rise to $3,598.80 an ounce in 4-5 years, said Pelc.
Reporting by Peter Hobson; Editing by Veronica Brown and Emelia Sithole-Matarise
Posted by AGORACOM
at 2:15 PM on Wednesday, July 29th, 2020
Gratomic Inc. designed and constructed a pilot processing facility in order to assess the requirements needed for the design and construction of its commercial processing facility at the Aukam Graphite Mine in Namibia, Africa. To date, the commercial facility is 90% completed, with finalization slated for the Fall of 2020.
Posted by AGORACOM
at 12:41 PM on Wednesday, July 29th, 2020
“Ronald Stöferle: Gold Outperforming the Equity Markets”
Interview with the author of “In Gold We Trust” and fund manager at Incrementum. Gold is in a healthy and strong bull market, fueled by the financial stimuli of governments and central banks. Ronald Stöferle has set an ambitious price target for gold at the end of the decade.
Posted by AGORACOM
at 9:59 AM on Wednesday, July 29th, 2020
That is what JS Research out of Germany is suggesting in their follow up to the Report on Treaty Creek they did in June 2020. We think that their research on the Goldstorm and our JV partner Tudor Gold does a good job showing the potential that lies before us including projections for size and value of the property. This year’s 20,000m drill program was recently doubled to 40,000 utilizing six drills and extending the drill season. We only have the first two rounds of assays and this seasons drill results have already eclipsed the great results of 2019. The geophysics and geology suggest more of the same so we’re looking forward to seeing if the trend continues throughout the year.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
Market value soon to be $ 1 billion?
Breathtaking gold rally in full swing! With this precious metal pearl you benefit to the maximum! Because the sensational news flow and gold contents of an average of 1.161 g / t Gold Eq over 930 meters justify a reassessment !!!
Dear Readers, Tudor Gold once again delivers massively – the brand new press release ( LINK here ) contains a wealth of important information for you as an investor:
Publication of further excellent drilling results, eg GS-20-65 with a near-surface interval of 2.12 g / t Gold Eq (equivalent) over 348 meters within a 930 meter interval with an average of 1.161 g / t Gold Eq.
GS-20-64 with a near-surface interval of 1.482 g / t Gold Eq over 154.5 meters within a 550.55 meter interval with an average of 0.983 g / t Gold Eq.
Hole GS-20-64 was a so-called step-out hole that significantly increased the length of the Goldstorm mineralization system on Treaty Creek from 850 to 1,000 meters . (The width is currently 600 meters) The system is open in all directions and at depth – further drilling will follow to define the limits of the enormous system.
Tudor Gold announced that instead of the planned 20,000 meters, 40,000 meters will now be drilled! The drilling program is completely financed, a total of 6 drilling rigs are used.
Another lower camp is being built, which will extend the drilling season by several months!
Tudor Gold (WKN: A2AJ7Y, Frankfurt: TUC / TSXV: TUD) has been on the lips of gold investors, brokers and industry experts for months. We hear from our Canadian network that bets are already being made as to when the first takeover offer for the world-class Treaty Creek project will arrive at the successful Walter Storm, CEO of Tudor Gold .
One thing is certain, there are only a handful of stocks on the quote that control a gold resource of over 15 million ounces of gold. And at the latest after yesterday’s press release, it will become clear to everyone that the ‘Goldstorm’ system is enormous and an absolute world-class project.
What we really like in yesterday’s press release is the fact that Tudor was able to extend the length of the (mineralization) system from 850 meters by another 150 meters to 1,000 meters . It remains open on all sides and in depth.
The Tudor Gold team of geologists and the market participants invested in the share hoped that the ‘ step-out’ well drilled would encounter gold-bearing mineralization again and significantly enlarge the gold system again.
And the GS-20-64 well was once again a direct hit: a high grade intersection with 1.482 g / t Gold Eq over 154.5 meters was found within a long drilling interval with 0.983 g / t Gold Eq over 550.55 meters.
What the market has not yet fully realized: The conceptual exploration target of 1 billion tons of rock is likely to be revised significantly upwards again. And that automatically increases the possible gold resource by an additional million ounces.
For us, it all looks like a possible future huge opencast mine. These operations often have a long mine life of more than 15/20 years and are at the top of M&A shopping lists for gold producers.
“Grade is King” – the high gold content of the drilling results to date speak in favor of Tudor Gold’s Treaty Creek project:
A look at the published resource statements (‘proven and probable mineral reserves’) of the direct neighbor Seabridge Gold shows an ore grade of 0.55 g / t gold in the ‘KSM’ project. Even if Tudor Gold has not yet released a resource, the strong drilling results published to date, with long intervals of up to 1,081 meters and good gold grades, provide a very good indication of what the average grade of an ore could be from a potential resource. In our opinion, it should be loosely between 0.85 and 1.20 g / t Gold Eq , and thus significantly higher for ‘Treaty Creek’ than for the ‘KSM’ project!
Tudor Gold’s ‘Treaty Creek’ project is also very cost-effective to connect to the infrastructure (road and electricity) about 20 kilometers away. It is not necessary to build a very expensive and complex tunnel through the mountain, as with the neighbor, which can quickly cost 500 to 1,000 million dollars in such a dimension.
For such an investment amount, Tudor Gold’s complete open-cast mine, including infrastructure connection and processing systems, can possibly be realized. We are excited to see what the economic indicators in the ‘PEA’ (preliminary feasibility study) will look like.
The Treaty Creek project is an extremely rare rarity in the North American exploration sector!
No wonder why legendary mine investor and billionaire Eric Sprott recognized the enormous potential of the Treaty Creek project, as we did, in 2019 and has since participated in several rounds of financing from Tudor Gold.
Just last week, Eric Sprott struck again and increased his strategic equity position at Tudor Gold again. This time he accessed the stock market directly and invested another million CAD, as the insider filings below show:
Eric Sprott chatted in his weekly market commentary on July 24, 20 at Sprott Money News and named a few titles that he is convinced and invested in.
He also mentioned Tudor Gold’s Treaty Creek project from 18:33 and speculated that the gold project could easily contain 20, 30, 40 or even 50 million ounces of gold . Feel free to listen to the interview at this link: LINK
Source: Youtube.com
Tudor Gold’s stock has risen by a sensational 1,000% since the beginning of 2019 – it is not too late for far-sighted investors to invest in this world-class project developer. We expect an enormous news flow by the end of the year, which should catapult the market capitalization to at least CAD 1 billion ! Do not miss this unique investment opportunity!
The market value of Tudor Gold is just under CAD 500 million – cheap in direct comparison to Seabridge Gold, which is valued at just under CAD 1.8 billion.
Source: Yahoo Finance We expect a bidding contest for the world-class Treaty Creek project at any time, at the latest when a first resource estimate is published within the next 6 months!
Let’s take a quick look at the brand new press release from 07/27/20 ( link here ) and let geologist Ken Konkin have his say:
Ken Konkin, Vice President of Project Development at Tudor Gold, P.Geo., Said in the press release: “For the second time this month, we are very pleased to report the results of GS-20-57 , which is an enriched mineralization section of 1.40 g / t AuEq averaging 217.5 meters (544.5 to 762.0 meters) within have a composite average of 0.845 g / t AuEq over 973.05 meters (34.50 to 1077.55 meters). Hole GS-20-65 was designed as a 100 meter undercut to drill hole GS-20-57. The result was a remarkable 348 meter intercept at 2,120 g / t AuEq within a larger 930 meter intercept at 1.161 g / t AuEq in hole GS-20-65. Further drilling is required in this central region to better define these high-grade areas (‘metal plumes’) that we believe will occur throughout the ‘Goldstorm’ system. There were three results above 15.0 g / t Au that occurred within hole GS-20-65. These include: 19.7 g / t Au over 1.5 meters (145.5 to 147.0 meters), 22.5 g / t Au over 1.5 meters (310.5 to 312.0 meters) and 34 .2 g / t Au over 1.0 meter(921.0 to 922.0 meters). The focus for the rest of this summer will be on completing exploration drilling to the limits of known mineralization along the northeastern axis. We started drilling on pad 8, a 150 meter step-out northeast of hole GS-20-47, which produced the best intersection of 0.697 g / t AuEq over 1081.5 meters in 2019. This hole ended in a mineralization zone as drilling capacity was reached. This year, all six drills have modified drill heads to complete boreholes more than 1,800 meters deep. However, we expect our longest holes to be approximately 1,400 meters long in 2020. ”
Konkin adds: “One of the most impressive aspects of the Goldstorm system is the constant strength of the mineralization. Hole GS-20-64 was a steeply angled 150 meter step-out that was drilled northeast of the DS-5 section beyond the trace. This exploration hole aimed to expand a very robust stockwork system that was intersected at the bottom of hole GS-19-47 with 0.996 g / t AuEq over 243 meters (933.5 to 1176.5 meters). The section ended in a mineralization zone at a depth of 1199 meters. The same DS-5 zone was intersected in GS-20-64, which doubled the cutting length from 243 meters to over 550 meters and averaged 0.983 g / t AuEq (648.4 to 1198.95 meters), which is extremely consistent with the results obtained in GS-19-47. An enriched upper part of the stockwork system gave 1,442 g / t AuEq over 154.5 meters (771.5 to 926.0 meters). We are currently re-drilling the GS-19-47 hole as the system may be much larger than originally anticipated based on the results of the GS-20-64 step-out hole located 150 meters northeast. The goal is to drill through the entire stockwork profile discovered in 2019. ”
On the map below you can see various wells and sections where they are located.
Source: Tudor Gold Corp. Walter Storm, President and CEO of Tudor Gold said: “Our technical team continues to research different areas of the drilling targets, achieving excellent results and the size of the ‘Goldstorm’ system is continuously expanding significantly. The north-east axis of the mineralized ‘Goldstorm’ (ore) body is now longer than a kilometer, and we still have to find the mineralization boundaries in the northeast and in depth. It was necessary to step up our efforts by doubling our drilling program to 40,000 meters and using more drilling rigs. We are very pleased to announce the approval of our new work permit, which will allow us to expand the drilling at ‘Goldstorm’ and drill additional zones. Tudor Gold’s construction teams are planning to build a lower-level drill camp, that will extend the exploration season by several months. We are now able to build land access routes to access the zones from the current camp as well as the proposed lower camp (on the Treaty Creek glacier toe). ”
The company recently uploaded an interesting video with the geological 3D model to the flagship project ‘Treaty Creek’ on the website.
For all new readers, we have briefly compiled some background information on Tudor Gold:
Tudor Gold is a precious metals and base metals exploration company with concession areas in British Columbia’s ‘Golden Triangle’, an area where producing or past mines are located, as well as several large deposits that are nearing potential development. The 17,913 hectare Treaty Creek Project (in which Tudor Gold holds a 60% stake) is adjacent to the KSM property of Seabridge Gold Inc. in the southwest and the ‘Brucejack’ property of Pretium Resources Inc. in the southeast. The company controls 100 % of the Electrum project. In addition, Tudor has ‘earn-in’ options or is 100% involved in other projects in the ‘Golden Triangle’.
The Sulfurets Thrust Fault leads from the Seabridge deposit ‘Iron Cap’ to the Tudor Gold ‘Goldstorm’ system from the southwestern corner of the ‘Treaty Creek’ claims, which adjoin Seabridge Gold’s concession areas. The Gold Storm Zone is located five kilometers northeast of Seabridge’s Iron Cap deposit.
The ‘Golden Triangle’ region is one of Canada’s richest gold regions – over 80 million ounces of gold and over 17 billion pounds of copper have already been found in the immediate vicinity of world-class explorer Tudor Gold!
Source: Tudor Gold Corp. Tudor Gold has everything a world-class exploration company needs, be there when the company makes exploration history!
Top Facts & Summary of Tudor Gold Corp Highlights:
Prime location: Huge land package in the world-famous Canadian ‘Golden Triangle’ – more than 80 million ounces of gold have already been discovered within a few kilometers.
The Treaty Creek flagship project is adjacent to the largest world-class deposits and mines. (Seabridge Gold and Pretium Resources).
Extremely promising project portfolio with over 35,518 hectares of concession areas, spread over four projects.
Treaty Creek is close to good infrastructure: the nearest road and power line are only around 20 km away.
Excellent geological location of the acquired land packages in mining-friendly British Columbia in Canada.
Top Management – Very experienced and successful team under the leadership of the renowned Walter Storm , co-founder of the Canadian mining company Osisko Mining . Ken Konkin , a multi-award winning geologist, has led the drilling program since 2019. He was instrumental in the discovery of Pretium Resources’ The Valley of Kings deposit.
At $ 498.5 million, Tudor Gold has an extremely low market cap compared to its direct neighbors Seabridge Gold ($ 1.8 billion) and Pretium Resources ($ 2.5 billion).
World-class drilling results for the flagship project ‘Treaty Creek’: e.g.
Hole GS-20-65: 1.161 g / t Gold Eq over 930 meters including 2.12 g / t Gold Eq over 348 meters;
Hole GS-20-57: 0.845 g / t Gold Eq over 973 meters including 1.40 g / t Gold Eq over 217.5 meters;
Hole GS-20-64: 0.983 g / t Gold Eq over 550.55 meters including 1.482 g / t Gold Eq over 154.5 meters;
Hole GS-19-42: 0.849 g / t Gold Eq over 780 meters including 1.275 g / t Gold Eq over 370.5 meters in the 300 Horizon Intercept;
Hole GS-19-47: 0.697 g / t Gold Eq over 1,081.5 meters including 0.867 g / t Gold Eq over 301.5 meters in the 300 Horizon section;
Hole GS-19-52: 0.783 g / t gold Eq over 601.5 meters incl. 1.062 g / t gold over 336.0 meters in the 300 Horizon section;
Hole GS-19-48: 0.793 g / t Gold Eq over 927.0 meters; Hole GS-19-49: 0.800 g / t gold Eq over 826.5 meters incl. 1.080 g / t gold over 249 meters;
Hole GS-19-50: 0.681 g / t Gold Eq over 577.5 meters;
Hole CB-18-39: 1,086 g / t Gold Eq over 563.8 meters
Enormous exploration potential – large parts of the exploration projects are still largely unexplored.
The Tudor Gold property has the potential to demonstrate a double-digit million ounce gold resource .
Tudor Gold is a prime M&A acquisition target.
Strong support from the ‘Tahltan First Nation’: signing of a commitment and communication agreement.
Clear vote of confidence – as of July 10, 2020, more than 50% of the shares were in the hands of CEO and company founder Walter Storm (32.5%) and commodity star investor Eric Sprott (19.7%)
Believe experts like Eric Sprott, the man with the ‘gold finger’, then invest in Tudor Gold! The stock is trading today where Seabridge Gold was in 2005 before the stock price multiplied. The stock is on the buying radar of countless gold investors – everyone is waiting for further news flow of the 2020 borehole season in the next weeks and months!
Tudor Gold’s immediate neighbors are Seabridge Gold ($ 1.8 billion market cap) and Pretium Resources ($ 2.5 billion). However, the current market capitalization of Tudor Gold is only a low CAD 498.5 million – there is still a lot of upside potential!
About Tudor Gold Corp:
Name: Tudor Gold Corp. Stock exchange ticker Germany: TUC Stock exchange ticker Canada: TUD.V Last courses in Germany : 1.92 € Last courses in Canada: CAD 3.04 ISIN: CA89901P1071 WKN: A2AJ7Y
Best regards and maximum success with your investments! Your JS research team
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Posted by AGORACOM
at 8:20 AM on Wednesday, July 29th, 2020
VANCOUVER, British Columbia, July 29, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce the launch of a “CEO Verified” Discussion Forum on AGORACOM. The forum will serve as the Company’s primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.
Candente Gold will also receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise brand awareness of the Company among small cap investors. AGORACOM is the only small cap marketing firm to hold a Twitter Verified badge, averaging 4.2 million Twitter impressions per month in 2019.
Moderated Discussion for Candente Gold Management and Shareholders
AGORACOM “CEO Verified” provides the first ever identity verification of small cap executives on a finance platform. Small cap CEO’s and other company officers are now able to post or communicate within a discussion forum without the risk of impersonation. As the ultimate influencers of their own companies, “CEO Verified” forums create unmatched levels of engagement between companies and investors that have long desired civilized, constructive and factual conversation.
Posts to AGORACOM are shareable on Twitter, Facebook and LinkedIn, which provides Management with one-click sharing of valuable content to these social media platforms, with automatic links back to AGORACOM for civilized investor engagement.
There are no log-in requirements for investors to visit the forum, read posts and share company posts with their networks on other platforms. Investors wishing to post questions, comments and interact with company officers can quickly log-in using their Facebook or LinkedIn accounts, or create an anonymous new user account.
Joanne Freeze, President and CEO stated, “Social media participation is very important for growth companies such as ours and AGORACOM forums are purpose built to facilitate intelligent discussion without the nonsense that plagues other such sites. I encourage everyone to read and participate in our CEO Verified Discussion Forum to create vibrant and constructive discussions for the long term benefit of everyone.”
George Tsiolis, AGORACOM Founder stated: “With gold prices hitting record highs and conditions looking favourable for continuation over the next three years, small cap investors are looking for high quality companies to grow with in this cycle. Candente Gold’s strategy to build cash flowing assets couldn’t come at a better time and we can’t wait to tell their story to the world.”
Term and Compensation
TERM: July 15, 2020 – July 15, 2021
FEES: $CDN 60,000 + HST*
$60,000 + HST to be paid via Shares For Services Under TSX Venture Policy 4.3 (Section 5)
$12,000 + HST Shares For Services upon Commencement July 15, 2020 for initial set up of HUB, marketing materials and search engine programs.
$12,000 + HST Shares For Services at end of Third Month October 15, 2020
$12,000 + HST Shares For Services at end of Sixth Month January 15, 2020
$12,000 + HST Shares For Services at end of Ninth Month April 15, 2021
$12,000 + HST Shares For Services at end of Twelfth Month July 15, 2021
Per TSX Venture Policy 4.3 (Section 6.1), the deemed price of the securities to be issued will be determined after the date services are provided to advertiser in each period and are to be calculated using the closing price on each date above. Share issuances to AGORA under this Shares For Services Agreement will be effected pursuant to the “consultant exemption” contained in Section 2.24 of National Instrument 45-106 Prospectus Exemptions. To qualify as a consultant with this exemption, the consultant must be engaged to provide services to the issuer, pursuant to a written contract, other than services provided in relation to a distribution and must spend a significant amount of time and attention on the affairs and business of the issuer.
About Candente Gold
Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship asset and an integral part of the overall growth strategy. The acquisition of the SDA Plant and the El Dorado historic mines signifies an important first step.
The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen our efforts to explore and potentially mine. The Company is currently evaluating properties that are complimentary to the SDA plant and El Dorado Property.
El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*)
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres.
Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
About AGORACOM
AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Forward-looking Information This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to information regarding the potential for discovery in the El Oro district and other statements that are not historical facts. While such forward-looking information is expressed by Candente Gold in good faith and believed by Candente Gold to have a reasonable basis, they address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Candente Gold’s MD&A. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Candente Gold expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Candente Gold Corp. “Joanne Freeze” P.Geo.
Tags: #CDG, #Mexico, CandenteGold Posted in All Recent Posts, Candente Gold | Comments Off on Candente Gold Corp. $CDG.ca Launches AGORACOM Online Marketing as Primary Investor Social Media Discussion Platform
Posted by AGORACOM
at 11:01 AM on Monday, July 27th, 2020
Labrador Gold Corp. (TSX-V: LAB) (“LabGold” or the “Company”) is pleased to announce that it has received approval for mineral exploration on the Kingsway Property from the Department of Natural Resources, Newfoundland and Labrador. Receipt of the approval, which is good through July 22, 2021, means that the Company can now begin mobilizing field crews to Gander to kickstart its summer exploration program.
LabGold has planned a systematic exploration program that leverages its significant geochemical database to rapidly follow up known anomalies and generate drill targets. This will be done by a combination of soil sampling and magnetic/VLF-EM geophysical surveys on detailed grids over known anomalous areas. These include a 3km long anomaly of gold in heavy mineral concentrates with values from <5ppb to 89ppm (89g/t Au) within which a quartz vein boulder containing visible gold and assaying 168g/t Au was found. This anomaly runs along the interpreted trace of the Appleton fault zone and represents a high priority target.
Up to 10,000 soil samples and 250 km of magnetics/VLF-EM will be carried out on the property. The results of the surveys, together with detailed geological mapping will be used to plan a first phase drill program currently scheduled for the fall.
“We are excited to get the go ahead to carry out our proposed program at Kingsway,” said Roger Moss, President and CEO. “Due to our database and our research over the last four months we have a very good idea of where to focus our efforts to maximum effect to aggressively advance the Kingsway property to the drill stage. We anticipate an exciting field season exploring for Fosterville style gold mineralization in the Gander gold district.”
Exploration to date in the Gander district has shown the effectiveness of soil sampling to detect gold mineralization. Most of the known gold occurrences were discovered by following up gold in soil anomalies. It is also clear that mineralization in the district is structurally controlled as shown by the location of many of the known gold occurrences along the Appleton fault zone, a major crustal structure, and the secondary structures associated with it. The magnetic and VLF-EM survey will help define such cross-cutting structures that are often the focus of concentrated gold mineralization.
The Company also announces the grant of 3,150,000 options to the Company’s directors, officers and consultants. The options are exercisable at a price of $0.45 for a period of five years.
Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.
The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.
About Labrador Gold:
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.
In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.
The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.
The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.
The Company has 85,610,451 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
Posted by AGORACOM
at 9:56 AM on Monday, July 27th, 2020
Step-out drilling further extends the goldstorm system by another 150m to the northeast with hole GS-20-64 intersecting 1.482 gpt AuEq over 154.5 meters within 550.55 meters intercept averaging 0.983 gpt AuEq
Cardston, Alberta–(Newsfile Corp. – July 27, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to report that its JV partner Tudor Gold Corp announced today that it has completed the second set of diamond drill holes at the JV flagship property, Treaty Creek located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling is progressing very well on the Goldstorm Zone which is on-trend from Seabridges’ KSM Project located five kilometers southwest of our Goldstorm System. As well, three more drills have been mobilized to the project. This brings the total to five diamond drill rigs working at Treaty Creek. A sixth diamond drill is expected to arrive shortly at Treaty Creek. Tudor Gold intends to double the diamond drill hole program from the original plan of 20,000 meters to at least 40,000 meters of drilling for 2020. Tudor Gold is fully funded to complete this aggressive drill hole program. The preliminary drilling this season has yet to delineate the limits of the Goldstorm system as it remains open in all directions and to depth. It will require all six drills to complete the drilling required for the completing the exploration program for the Goldstorm Au-Cu-Ag System.
Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “For the second time this month, we are very pleased to have bettered the results obtained earlier from GS-20-57 which has an enriched interval that averages 1.40 gpt AuEq over 217.5 meters (544.5 to 762.0 meters) within an overall composite average of 0.845 gpt AuEq over 973.05m (34.50 to 1077.55 meters). Hole GS-20-65 was designed as a 100-meter undercut to drill hole GS-20-57. The result was a remarkable 348 meter intercept of 2.120 gpt AuEq within a larger 930 meter intercept of 1.161 gpt AuEq in drill hole GS-20-65. More drilling will be required in this central region in order to better define these higher-grade metal plumes that we believe occur throughout the Goldstorm System. There were three results over 15.0 gpt Au that occurred within GS-20-65. These include: 19.7 gpt Au over 1.5m (145.5 to 147.0 meters), 22.5 gpt Au over 1.5m (310.5 to 312.0 meters) and 34.2 gpt Au over 1.0 meter (921.0 to 922.0 meters). The focus for the rest of this summer will be to complete the exploration drilling to the limits of the known mineralization along the north-eastern axis. We have begun drilling on Pad 8 which is a 150 meter north-easterly step out from hole GS-20-47, which was the best intercept generated in 2019 where we obtained an intercept of 0.697 gpt AuEq over 1081.5 meters. That hole stopped in mineralization as it was the limit of the drill’s capacity. This year all six drills have modified heads to complete drill holes in excess of 1,800 meter depths. However, we anticipate that our longest holes for 2020 will be approximately 1,400 meters long.”
Konkin adds, “One of the most impressive aspects of the Goldstorm System is the consistent strength of the mineralization. Drill hole GS-20-64 was a steep-angled 150m step-out hole drilled to the northeast beyond the trace of the DS-5 intercept. This exploration hole targeted the extension of a very robust stockwork system that was intersected at the bottom of drill hole GS-19-47, 0.996 gpt AuEq over 243 meters (933.5 to 1176.5 meters). The intercept ended in mineralization at 1199m. The same DS-5 zone was intersected in GS-20-64 that doubled the intercept length from 243 meters to over 550 meters averaging 0.983 gpt AuEq (648.4 to 1198.95 meters) which is extremely consistent with the results obtained in GS-19-47. An enriched, upper portion of the stockwork system yielded 1.482 gpt AuEq over 154.5 meters (771.5 to 926.0 meters). We are currently re-drilling drill hole GS-19-47 as the system may be much larger than originally thought given the results obtained from the 150m northeast step out hole GS-20-64. The target is to drill through the entire stockwork profile that was discovered in 2019.”
The two tables below provide the complete list of drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth. The Section 110+00 NW and 115+50 NE are included at the bottom of the news release and on the Company’s website. These sections show the new drill holes plotted on their respective sections.
Table lGold equivalent composite values from Section 110+00 & 115+50 NE of the Goldstorm Zone.
All assay values are uncut and intervals reflect drilled intercept lengths.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals
The following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
Table lI Drill hole data for GS-20-63 to GS-20-65 of the Goldstorm Zone.
Walter Storm, President and CEO, stated: “Our technical team continues to explore several fronts of the target while obtaining excellent results and we continue significantly expand the size of Goldstorm system. The northeast-trending axis of the mineralized body of Goldstorm now exceeds a kilometre in length and we have yet to find the limit of the mineralization to the northeast and to depth. It was necessary to intensify our efforts by doubling our program to 40,000 meters and utilizing more drill rigs. We are very happy to announce the approval of our new work permit that allows us to expand drilling at Goldstorm as well as drill other zones. Tudor Gold’s construction crews are planning on building a lower drill camp that will add several months to the exploration season. We are now able to build operational trails to gain over-land access to the zones from the current camp and from the proposed lower camp at the toe of Treaty Glacier.”
Tudor Gold Corp and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. Of those who are at the project site and staging site, we have strict daily monitoring of the workers’ temperatures and general health conditions. We have a certified paramedic at the staging area to examine all in-coming and out-going Tudor personnel and all service providers.
QA/QC
Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company‘s Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
Treaty Creek JV Partnership
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
Treaty Creek Background
The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.
American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.
Two of those properties are located in the prolific “Golden Triangle”; the Treaty Creek JV with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
See additional images of drill locations in this press release at www.americancreek.com
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Posted by AGORACOM
at 1:45 PM on Friday, July 24th, 2020
Durango owns 100% interest in the Trove claims, in the Windfall Lake area between Val d’Or and Chibougamau, Quebec., which are surrounded by Osisko Mining Inc. The property is compelling due to the coincidence of gold found in tills, coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. Durango is undergoing a final review process for the proposed 3,000m drill program in 2020. Click Here For More Info
July 24, 2020
The record high for gold bullion stands at $1,920.70 USD, reached approximately nine years ago in 2011. The price stunned traders and investors in the precious metals markets at the time, after it peaked and ended there following a spectacular bull run.
Now we are closing in on that price again, and the precious metals bull market of 2020 has only just begun in earnest.
Strap yourselves in and get ready for some phenomenal gains.
As it stands at the time of writing, gold bullion has shattered through the $1900 ceiling in rapid succession. This comes after only recently breaking through the $1800 mark—a level that was previously acting as resistance— and as predicted, once this level was solidly broken through, rapidly increasing gains resulted.
Silver bullion has followed in gold’s footsteps, also experiencing an impressive and rapid acceleration higher in prices, resting at $22.85 per ounce at the time of writing, with a strong potential of breaking above $23.00 per ounce.
These strong moves higher in both gold and silver bullion come as investors begin to realize just how precarious a situation the world now finds itself in. A prolonged coronavirus pandemic seems more and more likely, with health officials saying that not only is a vaccine NOT in the foreseeable future, it’s also not even a likely “fix-all” solution, given the nature of the virus.
This comes as the United States officially surpasses 4 million confirmed COVID-19 cases, with Florida being one of the most heavily hit states in recent days and experiencing a record number of deaths.
This means further strains on our already crippled economy, more money printing and bailouts, and more stress and uncertainty as we head into the future.
In addition, interest rates around the world have plummeted, as Central Banksters ratchet rates to all-time lows, some even dipping into negative interest rate territory, doing everything they can to help artificially prop up this flailing economy.
Russia’s central bank was the most recent one to take action, lowering its main interest rate by 0.25%, to 4.25%. Which may seem high when compared to some Western nations, but is in fact a record post-Soviet low for the country.
Mark Mobius, co-founder of Mobius Capital Partners, had the following to say in a recent Bloomberg interview about investing in gold at this time:
“When interest rates are zero or near zero, then gold is an attractive medium to have because you don’t have to worry about not getting interest on your gold and you see the gold price will rise as uncertainty in the markets are rising.”
Wall Street is finally taking the blinders off, which is why we have seen the recent pull back in stock prices coinciding with this sharp increase in safe haven assets such as precious metals.
Throwing gasoline on an already blazing fire, China and the United States have once again renewed their spat, going tit for tat in their most recent hostile exchange.
This renewal in tensions comes after the United States government decided to close a Chinese consulate in Houston Texas, citing “spying” concerns.
This of course infuriated the Chinese government, which has denied the accusation and shut down a U.S. consulate in kind, the Guardian reports:
“Beijing has ordered the closure of a US consulate in south-western China, in a move that escalates tensions between the two countries to a new level.
On Friday, China’s ministry of foreign affairs said it had ordered the US consulate in Chengdu, in Sichuan province, to cease all operations. Authorities notified the US of China’s decision to revoke its consent for the consulate to operate, according to a notice on the ministry’s website.”
The question now remains: how much further are these two countries willing to take this spat? Will it spill over and escalate even further than it already has, ending the hard strides that both parties have made toward improving trade relations? We shall just have to wait and see.
Regardless, the prospects for both gold and silver bullion have never looked better, with the world facing crisis after crisis on a seemingly daily basis.
In such a climate, precious metals should continue to increase in demand for the foreseeable future and thus will offer some of the only true financial protection you will find moving forward throughout the remainder of 2020 and well into 2021.
As always, stay safe and keep stacking.
About Sprott Money
Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.
Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.
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