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#Gold industry sees prices rising to $1,532/oz over 12 months $AMK.ca $EXS.ca $MQR.ca $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 10:47 AM on Wednesday, October 31st, 2018
  • The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association’s annual gathering predicted on Tuesday
  • A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year’s time for silver, platinum and palladium.

BOSTON, Oct 30 (Reuters) – The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association’s annual gathering predicted on Tuesday.

A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year’s time for silver, platinum and palladium.

Spot gold has had a difficult few months, falling from a high of $1,366.07 in January to as low as $1,159.96 in August as the dollar strengthened and the U.S. Federal Reserve pushed ahead with interest rate rises.

But it has since clawed back to around $1,225 an ounce as volatility on global stock markets revived interest in bullion as a safe place to store assets.

A stronger dollar hurts gold prices by making it more expensive for buyers with other currencies. Higher interest rates make gold, which offers no yield, less attractive.

The poll also showed that delegates expect silver prices to rise to $15 an ounce by the end of October 2019 from around $14.50 on Tuesday.

Platinum prices were forecast to increase to $1,010 an ounce over the next year from around $835 on Tuesday and palladium was expected to rise to $1,195 from around $1,075.

Analysts and traders polled by Reuters this month said they expected gold prices to average $1,300 an ounce in 2019, silver to average $16.40, platinum to average $875 and palladium to average $1,025.

Source: https://uk.reuters.com/article/gold-lbma-price/gold-industry-sees-prices-rising-to-1532-oz-over-12-months-idUKL8N1X55VR

#Gold up, heads for longest string of weekly gains since January $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 10:36 AM on Friday, October 26th, 2018
  • Gold prices edged up on Friday and were on track to rise for the fourth straight week,
  • The longest string of weekly gains since January, as Asian stocks slumped amid increasing worries over the outlook for U.S. corporate earnings and global economic slowdown

Asian shares skidded to 20-month lows, S&P futures fell sharply and China’s yuan weakened at the end of a turbulent week for financial markets on Friday.

Spot gold was up 0.27 percent at $1,234.88 an ounce. It was up 0.7 percent for the week.

U.S. gold futures were up 0.4 percent at $1,237.30 an ounce.

“We had a pretty good rally in gold since the stock market crash. People are more concerned about the current geo-political risks and gold is being looked at more favourably now than in the past,” said Yuichi Ikemizu, Tokyo branch manager, ICBC Standard Bank.

Financial markets have been whipsawed in recent sessions on concerns over global growth as investors fretted over Sino-U.S. trade frictions, a mixed bag of U.S. corporate earnings, Federal Reserve rate hikes and Italian budget woes.

Gold, used as an alternative investment during times of political and financial uncertainty, has gained about 6 percent after falling in mid-August to their lowest since January 2017 at $1,159.96 an ounce.

However, the yellow metal has declined about 10 percent from its April peak after investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

“Gold markets have entered a new trading zone of $1,228-$1,238, with investor mood swings on the S&P steering the ship,” said Stephen Innes, APAC trading head at OANDA in Singapore.

“The short-term narrative is caught between a hawkish U.S. Federal Reserve and a weaker equity market now.”

A target range of $1,252-$1,263 per ounce has been aborted for spot gold, as it failed again to break a resistance at $1,238, according to Reuters technical analyst Wang Tao.

Meanwhile, the dollar index, which measures the greenback against six major currencies, was down 0.1 percent.

Among other precious metals, palladium was down 0.13 percent at $1,198.50 an ounce, but away from a record high of $1,150.50 an ounce hit on Tuesday.

“Concerns around U.S. sanctions on Russia have eased a little bit, so not surprising to see investors lock in some of the gains (in palladium) achieved in the past week. But it still looks fairly constructive at least in the short-term,” ANZ analyst Daniel Hynes said.

Silver rose 0.21 percent to $14.64 per ounce, and platinum was up 0.72 percent at $828.90 an ounce.

Source: https://www.cnbc.com/2018/10/26/gold-markets-stock-markets-ecb-in-focus.html

‘Shaky’ Global Stock Markets Trigger Bid For #Gold Says #Sprott $SII.ca $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 2:13 PM on Wednesday, October 24th, 2018
  • Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
  • As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.

Anna Golubova

(Kitco News) – Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.

As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.

“In India, the central bank bought some gold for the first time in over a decade. Hungarians increased their gold [tenfold to 31.5] tons. Poland also made purchases,” Sprott said. And that’s aside from continued purchases of Russia and China, he added.

In the meantime, physical demand is also picking up, with India importing 95 metric tons of gold in August, Sprott added.

These are all positive numbers that investors should be paying attention to because there’s significant risk in the markets and gold is a proven safe-haven asset, he explained.

“There are lots of reasons to think that the Federal Reserve will have to change. It is uncertain what the Fed will do. You should not automatically count on four rate increases next year,” Sprott said.

On top of that, most stock markets in the world are in a bear market, he pointed out.

“Look at China, [the stocks] was down 32% this year. There are a lot of liquidity issues in a lot of markets, and when you’re the last man standing, [investors] are going to be selling American stocks first, because they’re the ones that are theoretically liquid,” he said. “The structure of markets is very risky … [And] as things get shaky here in the markets, you see the safe-safe-haven bid coming into gold,” Sprott said.

On Tuesday, equities dropped for the fifth consecutive session. The Dow Jones Industrial Average is seeing its worst monthly decline in three years and the S&P 500 is seeing its worst monthly performance in seven years, according to reports.

Meanwhile, the December Comex gold futures touched a three-week high of $1,242 Tuesday on increased safe-haven demand.

“The yellow metal was boosted by safe-haven demand amid keener geopolitical uncertainty in the marketplace. Gold prices did back off their daily highs as the U.S. stock indexes moved up from their daily lows,” said Kitco’s senior technical analyst Jim Wyckoff. “Global stock markets saw risk aversion return to the marketplace today amid heightened geopolitical tensions. China’s stock indexes were sharply down after good gains posted Monday. South Korea’s and Japan’s stock markets were also sharply lower.”

Source: https://www.kitco.com/news/2018-10-24/-Shaky-Global-Stock-Markets-Trigger-Bid-For-Gold-Sprott.html

#Gold jumps most in nearly 2 year on safe-haven demand $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 3:02 PM on Thursday, October 11th, 2018
  • Gold has finally woken up. The price of gold jumped 2.4 per cent on Thursday – the most in nearly 2 years – in a sign of safe haven buying amid a rout in global stock markets
  • The move is a sharp turnaround to gold’s recent performance

By: Henry Sanderson

Gold has finally woken up. The price of gold jumped 2.4 per cent on Thursday – the most in nearly 2 years – in a sign of safe haven buying amid a rout in global stock markets.

The move is a sharp turnaround to gold’s recent performance. Gold had fallen by 10 per cent before Thursday’s move higher, hit by a stronger dollar and rising US interest rates.

“As a stock market sell off continues gold is once again a desired destination in times of uncertainty,” Alfonso Esparza, senior market analyst at Oanda, a currency exchange, said. “The metal had lost some cache in minds of investors, but when there is no clear safe haven fonds are flowing to gold.”

US stocks turned sharply lower in morning trading on Thursday, with the S&P 500 down 0.6 per cent at 2769.35. Shares in London and Hong Kong also fell.

Gold last traded at $1,222 a troy ounce, its highest level since July 31.

Source: https://www.ft.com/content/ca08c226-cd78-11e8-b276-b9069bde0956

CLIENT FEATURE: Explor Flagship $EXS.ca Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred Gold $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 10:05 AM on Tuesday, September 18th, 2018

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred Gold
  • Property Is 13 KM From Downtown Timmins
  • Preliminary Metallurgical Testing on the low grade near surface gold ore completed

FULL DISCLOSURE: Explor Resources is an advertising client of AGORA Internet Relations Corp.

CLIENT FEATURE: Explor $EXS.ca Flagship Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred Gold $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 10:58 AM on Friday, August 31st, 2018

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred Gold
  • Property Is 13 KM From Downtown Timmins
  • Preliminary Metallurgical Testing on the low grade near surface gold ore completed

FULL DISCLOSURE: Explor Resources is an advertising client of AGORA Internet Relations Corp.

#Gold demand to be positive in second half of 2018, says WGC report $AMK.ca $EXS.ca $MQR.ca $HPQ.ca $GZD.ca $GGX.ca $GR.ca

Posted by AGORACOM-JC at 2:56 PM on Wednesday, July 25th, 2018

  • Gold demand is likely to be healthy in the second half of 2018 on positive global economic growth, trade wars and its impact on currency and rising inflation, the World Gold Council (WGC) said in a report.
  • Gold price rose by more than 4 per cent in the first few months of the year, only to finish in June down by the same amount and this downward trend continued during July as gold dropped almost an additional percentage point, WGC said in its mid-year outlook 2018 today.

While gold’s volatility spiked in February and April, it has been moving in a relatively low range since, it added.

WGC said the gold’s performance has been mainly driven by factors including a strengthening US dollar, higher investor threshold for headline risk and soft gold demand.

“At the same time, gold’s price momentum and investor positioning in derivatives markets has accelerated its descent. We, however, believe that there may be reasons to be more optimistic during the second half of the year,” it said.

According to the council, macroeconomic trends like positive but uneven global economic growth, trade wars and their impact on currency and rising inflation and an inverted yield curve will support gold in the second half of 2018.

In India, the second half of the year is usually positive for gold as the harvest and wedding seasons during the autumn provide seasonal support for the market.

The economic policies rolled out by the government to draw the informal, cash-based economy into the formal sector, according to the report, are starting to translate into stronger economic growth.

Source: https://www.business-standard.com/article/economy-policy/gold-demand-to-be-positive-in-second-half-of-2018-says-wgc-report-118071901188_1.html

FEATURE: Explor $EXS.ca Flagship Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred #Gold $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 2:46 PM on Wednesday, July 4th, 2018

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred Gold
  • Property Is 13 KM From Downtown Timmins
  • Preliminary Metallurgical Testing on the low grade near surface gold ore completed
    • A representative sample from diamond drill holes in the area of the potential open pit
    • 45 kilogram composite sample of mineralized diamond drill core was sent to SGS Minerals Services for metallurgical test-work

FULL DISCLOSURE: Explor Resources is an advertising client of AGORA Internet Relations Corp.

FEATURE: Explor $EXS.ca Flagship Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred Gold $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 5:45 PM on Monday, June 4th, 2018

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred Gold
  • Property Is 13 KM From Downtown Timmins
  • Preliminary Metallurgical Testing on the low grade near surface gold ore completed
    • A representative sample from diamond drill holes in the area of the potential open pit
    • 45 kilogram composite sample of mineralized diamond drill core was sent to SGS Minerals Services for metallurgical test-work
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

WATCH OUR RECENT INTERVIEW

FULL DISCLOSURE: Explor Resources is an advertising client of AGORA Internet Relations Corp.

Explor $EXS.ca Completes Preliminary Metallurgical Testwork on #Timmins Porcupine West #Gold Property $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 3:18 PM on Thursday, May 31st, 2018

Exs logo

  • Announced completion of Preliminary Metallurgical Testing on the low grade near surface gold ore on the Timmins Porcupine West Property
  • Selected a representative sample from diamond drill holes in the area of the potential open pit
  • 5 kilogram composite sample of mineralized diamond drill core was sent to SGS Minerals Services in Lakefield, Ontario for metallurgical test-work

ROUYN-NORANDA, Quebec, May 31, 2018 – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX-V:EXS) (OTCQB:EXSFF) (FSE:E1H1) (BE:E1H1) is pleased to announce the completion of Preliminary Metallurgical Testing on the low grade near surface gold ore on the Timmins Porcupine West Property (the “TPW Property” or  the “Property”). Explor selected a representative sample from diamond drill holes in the area of the potential open pit. A 45 kilogram composite sample of mineralized diamond drill core was sent to SGS Minerals Services in Lakefield, Ontario for metallurgical test-work.

The test program included sample preparation, characterization, and flowsheet development testing. Ore characterization included grindability, mineralogy by QEM-RMS (QEMSCAN) rapid mineral scan, and chemical head grade analysis. Flowsheet development testwork focused on gravity separation, as well as flotation and cyanidation of gravity separation tailing.

In summary, the composite sample was analyzed by a screened metallics protocol and resulted in a head grade of 2.64 g/tonne gold. Testing indicated very little silver and negligible arsenic in the composite sample. It was noted that most of the sulphide sulfur was present as Pyrite (3.07%), Chalcopyrite (approximately 0.12%) and Pyrrhotite (0.02%). The Bond Mill work index was determined to be 13.1 Kwh/tonne. A gravity test was conducted and it was determined that the 37.5% of the gold exists as microscopic free gold, indicating that in any future mill design a gravity circuit will be necessary at the front end of the concentrator. Flotation testing indicated that up to 93% of the gold can be recovered as a pyrite concentrate. Cyanide leach test were conducted on the pyrite concentrate and greater than 94% gold extraction was achieved over a 24 hour period. The gold is not refractory and is not locked within the pyrite. A testing of the tailings product (ABA and NAG testing) indicates that there is no potential for acid generation in the flotation tailings material.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are very excited about these preliminary Metallurgical results. The low Bond work index combined with the high percentage of free gold and potential greater than 93% gold recovery and with the fact that there is no potential for acid generation in the tailings material make this property very valuable from a development perspective.”

The highlights of the reported test-work includes the following results:

  • Gold analysis by screened metallics protocol at +/-150 mesh (106 μm) yielded a head grade of 2.64 g/t Au with >20% of the gold in the coarse fraction indicating favorable recovery by gravity.
  • Silver reported at less than the AAS detection limit of +/-0.5 g/t while sulphide sulphur, total carbon and arsenic were assayed at 1.48%, 0.7% and <0.001%, respectively.
  • Based on the semi-quantitative QEM-RMS analysis, most of the sulphide sulphur was present as pyrite (3.07%). Chalcopyrite was the second most abundant sulphide mineral at ~0.12% and pyrrhotite was third at 0.02%.
  • The Bond ball mill grindability test results indicated that the ore fell in the low medium range of hardness, at 13.1 kWh/tonne. The ore fell at the 36th  percentile compared to the SGS database.
  • In a batch gravity separation test completed, gravity gold recovery to a low mass concentrates (~0.04% of the feed mass) yielded a gold recovery of 37.5% at a primary grind size P80 of ~130 μm. These initial results suggest a high probability of significant potential for the use of gravity circuit at the front end of the mill. Additional gravity separation testwork is recommended in any future studies.
  • Rougher flotation tests on gravity separation tailings indicated that gold recoveries in the ~93% range (including the gold recovered by gravity separation) were achievable in ~5% mass pull at a P80 of ~130 μm. There appeared to be an improvement in gold recovery with finer grinding (to P80 = 59 μm).
  • Additional testing will be required to optimize the primary grind size for optimal rougher flotation performance. Additional test work is recommend, examining the cleaning characteristics of the rougher concentrate. It may be possible to generate a cleaner flotation concentrate approaching 50 g/tonne Au, compared to the ~30 g/t generated preliminary metallurgical in the preliminary rougher flotation testwork. Locked cycle flotation testing is also recommended to establish a more realistic understanding of potential gold recovery in closed-circuit in a flotation plant.
  • Cyanide leach tests examining the impact of grind size on gold recovery from the gravity separation tailings indicated gold extractions >94% (including gravity separation gold recovery) at P80’s of 74 μm or finer. Although the gold appears to be associated with pyrite and floats well with pyrite, it is not refractory and locked in the pyrite. Gold leaching appeared to be essentially complete within 24 hours.
  • Further testing to optimize cyanide leach parameters is recommended. This testing should address the optimization of feed particle size, leach retention time, pulp density, and cyanide dosage. This testing should encompass leaching of both whole ore (gravity tailings) as well as float concentrates. Subsequent work is recommended to evaluate the gold recovery circuit (CIP or CIL) and establish preliminary design criteria.
  • Baseline environmental evaluation (ABA and NAG testing) of a tailing representing a gravity +rougher flotation flowsheet indicated there is no potential for acid generation in flotation tailings material.

Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of Cu-Zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

For further information please contact:            

Christian Dupont, President    
Tel: 888-997-4630 or 819-797-4630    
Fax: 819-797-1870    
Website: www.explorresources.com    
Email: [email protected]