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Labrador Gold $LAB.ca Retains Indigenous Engagement and Community Relations Advisor $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 3:14 PM on Tuesday, September 10th, 2019
  • Retained Ms. Patricia Stirbys, J.D., LL.M, to help develop a comprehensive indigenous engagement and community relations program
  • Ms. Stirbys is a member of Cowessess First Nation and specializes in engaging Indigenous groups

VANCOUVER, British Columbia, Sept. 10, 2019 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce that it has retained Ms. Patricia Stirbys, J.D., LL.M, a member of Cowessess First Nation, to help it develop a comprehensive indigenous engagement and community relations program.

Ms. Stirbys has over 20 years of experience in law, negotiations and policy, specializing in engagement with Indigenous groups. She has an excellent understanding of Indigenous peoples, issues and challenges along with an understanding of the mining sector. Ms. Stirbys has engaged with Indigenous communities in most provinces, including First Nations in B.C., Saskatchewan, Ontario, Quebec and Newfoundland-Labrador. She has successfully negotiated agreements with Indigenous groups across Northern Ontario, particularly First Nation communities within the Ring of Fire.

“We are very pleased to have Ms. Stirbys join the Labrador Gold team,” said Roger Moss, President and Chief Executive Officer of Labrador Gold. “Her significant experience in indigenous relations will be a valuable asset as we move forward with engagement and consultation with the community of Matimekush-Lac John.”

The Company is committed to maintaining respectful relations with the community and to understanding their concerns as we find a way to work in the region to the benefit of all stakeholders.

The Company also announces the grant of 100,000 options to purchase common shares of the Company to Ms. Stirbys. The options vest 50% on grant and 50% after six months and are exercisable for a price of $0.25 for a period of five years.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

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 shows 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 57,039,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

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Labrador Gold $LAB.ca: ‘Gold Is The Way To Go’ as Interest Rates Fall, says Mark Mobius – $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 1:30 PM on Tuesday, September 10th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

  • Mark Mobius, the founding partner of Mobius Capital Partners, recommends that investors hold 10% of their portfolios in physical gold, and invest the rest in dividend yielding equities.
  • In the first half of this year, central banks bought 374 metric tons of gold, according to the World Gold Council. That was the largest net increase for the first half of the year since at least 2000.
  • China’s central has been adding to its gold reserves for eight straight months since December, scooping up another 10 metric tons of the yellow metal in July, according to data from the People’s Bank of China.
https://image.cnbcfm.com/api/v1/image/106114900-1567740936648gettyimages-1157551633.jpeg?v=1568017827&w=630&h=354

Veteran investor Mark Mobius is bullish on gold as central banks around the world cut interest rates.

“Physical gold is the way to go, in my view, because of the incredible increase in money supply,” said Mobius, the founding partner of Mobius Capital Partners.“All the central banks are trying to get interest rates down, they are pumping money into the system. Then, you have all of the cryptocurrencies coming in, so nobody really knows how much currency is out there,” he told CNBC’s “Street Signs” on Friday.Amid expectations of slowing global growth, central banks around the world have been lowering interest rates, as they seek to boost money supply in the economy, stoke demand and provide an impetus to growth.

Mobius recommends that investors hold 10% of their portfolios in physical gold, with the rest invested in dividend yielding equities. That’s especially if the dollar gets weaker.

In his view, “the U.S. government, the Trump White House, does not want a strong dollar.”

“They are certainly going to try to weaken the dollar against other currencies and of course, it’s a race to the bottom. Because, as soon as they do that, other currencies will also weaken,” said Mobius.

“People are going to finally realize that you got to have gold, because all the currencies will be losing value,” he added.

Gold can retain its value much better than other forms of currency, and is traditionally a safe haven during market volatility.

A weaker dollar tends to boost the price of gold as global trade in the yellow metal is denominated in U.S. dollars.

“At the end of the day, gold is a means of exchange. It’s a stable currency in some way,” said Mobius.

Central banks are buying gold

Data from the World Gold Council this year point to risingcentral bank demand for the yellow metal amid global macroeconomic uncertainty.

In the first half of this year, central banks bought 374 metric tons of gold, reported the World Gold Council. That was the largest net increase for the first half of the year since at least 2000.

“Deep down inside, the central bankers do believe in gold, but they don’t want to say it because … they won’t be able to create new currency,” said Mobius.

The 2019 Central Bank Gold Reserve survey, conducted by the World Gold Council and released in July, also found there was central bank demand for gold in the short to medium term.

Of those polled, 11% of emerging market and developing economy central banks said they intended to increase their gold reserves over the next 12 months.

That was similar to data from 2018 when 12% of such central banks bought gold, giving rise to 652 metric tons of central bank gold demand — the highest level on record under the current international monetary system, noted the World Gold Council.

“The planned purchases are being driven by higher economic risks in reserve currencies. In the medium term, central banks see changes in the international monetary system, with a greater role for the Chinese renminbi and gold,” said the World Gold Council in their report. The renminbi is another name for the Chinese yuan.

About 40% of emerging market and developing economy central banks cited “anticipated changes in the international monetary system being relevant to their decision to hold gold,” the World Gold Council said.

China also investing in gold

Spot gold was trading around $1,509.51 an ounce on Monday morning in Asia after hitting a six-year high of $1,554.56 in late August amid heightened U.S.–China trade tensions.

China’s central bank has been adding to its gold reserve for eight straight months since December, scooping up another 10 metric tons of the yellow metal in July, according to data from the People’s Bank of China.

“China is the biggest producer of gold to begin with. And then of course, they’ve been buying gold, so nobody really knows how much they have in the vaults,” said Mobius. “I’m sure it’s been increasing at a pretty good pace.”

Beijing has partially lifted restrictions on imports of gold, industry sources told Reuters in late August.

Source:https://www.cnbc.com/2019/09/09/mark-mobius-on-investing-in-gold-as-central-banks-and-fed-cut-rates.html

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Labrador Gold $LAB.ca: Gold Market Update – Investors Should Take Measures to Protect Themselves? $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 1:00 PM on Monday, September 9th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

  • Fundamental and technical factors came together last week to suggest that a significant correction to the recent strong runup has now started.
  • Indicators pointing to a correction include its overbought status, overly bullish sentiment readings and COTs showing extreme readings.

Although a major Precious Metals sector bullmarket has certainly started, various fundamental and technical factors came together last week to suggest that a significant correction to the recent strong runup has now started.

The main fundamental development was the announcement that there will be a Trade War summit between China and the US early next month, with hopes being expressed that this may lead to compromise or some kind of truce. Whilst the chances of improvement may be slim, the market has got what it wants for now which is hope, and this hope should continue at least until this meeting, which provides the excuse for the markets to go “risk on” until then, which is why the stockmarket broke higher last week, delaying but not eliminating our crash scenario.

A return to “risk on” is clearly not good for the Precious Metals which, until last week, had been benefitting from a flight to safety as had the dollar, creating the unusual situation where the dollar and gold were rising at the same time. Now, in a risk on environment they are suddenly out of favor again.

In addition to this fundamental argument we have a range of technical indicators pointing to a correction in the Precious Metals sector that we will now look at. They include its overbought status, overly bullish sentiment readings and COTs showing extreme readings.

Starting with gold’s 6-month chart, we can see that it doesn’t look too bad – yet, but if we look more closely we can see that it is on the point of breaking down from the rather steep uptrend in force from late May, with it having dropped back on quite high volume the past 2 trading days, and it is noteworthy that Thursday’s drop was the biggest 1-day drop for a long time, making it more likely that it signals a reversal. In addition, the MACD indicator shows that momentum is starting to flag.


So, how far could gold react back? It happens more often than not that after a price breaks clear out of a giant base pattern, as gold did from its giant complex Head-and-Shoulders bottom or Saucer base shown on our 10-year chart, that it then returns to test support at the upper boundary of the base pattern before turning higher again. That could happen again and it would throw a lot of investors in the sector who are now of the view that we are “off to the races”. So, if it does react back that far don’t be dismayed – on the contrary it would throw up one last great buying opportunity.


We have had a rather unusual situation in the recent past where the dollar and the Precious Metals have been strengthening together. This is because, in a risk off environment both have been considered safe havens. In a risk on environment this logic works in the other direction so that the dollar and the Precious Metals may both react back together. On the 3-year chart for the dollar index we can see that it is at a good point to turn lower, despite its still bullishly aligned moving averages, as its persistent gentle uptrend has brought it up to the significant resistance level shown.


While PM stocks continued to push higher in recent weeks, the decline was losing momentum, as revealed by the downtrending MACD indicator on the 6-month GDX chart below, which led to its starting to break down on high volume on Thursday and Friday. Although it hasn’t yet broken down from the uptrend and below its 50-day moving average, this looks set to happen soon.


So how about COTs and sentiment? – we will now proceed to look at them. We had been wary of calling a top too soon based on the increasingly lopsided COTs, having called a top too soon during the runup early in 2016, but now, given the other factors that we have considered, in particular the negative developments last week, the latest gold COT, which shows high Large Spec long positions and heavy Commercial short positions, certainly makes a reaction back by gold now or soon a lot more likely…

Click on chart to popup a larger, clearer version.


The COT is backed up by the latest Hedgers chart, which goes back to 2010, which shows that positions match the extreme reached in the Summer of 2016, which as we know was followed by a brutal correction for the rest of the year. While a correction certainly looks likely it shouldn’t be so deep, because there is a big difference this time round, which is that gold has broken out into a major new bullmarket – it was still in a basing phase in 2016.

Click on chart to popup a larger, clearer version.

Chart courtesy of sentimentrader.com


Lastly, the Gold Miners Bullish % Index is still at 87%, and while we waiting to see if it would hit 100% as it did in 2016, it doesn’t have to of course before a reversal occurs, and 87% certainly shows that enough people are bullish to warrant a trip to the fleecing shed.

Investors in the Precious Metals sector should therefore take measures to protect themselves, which include stepping aside for a while, or if staying long, hedging with inverse ETFs such as DUST, or options (options are much more cost effective), GLD being very suitable are they are highly liquid with narrow spreads, and then we watch for the expected correction to unfold, aware that when it has run its course, we will be presented with a MAJOR BUYING OPPORTUNITY.

Source:http://news.goldseek.com/CliveMaund/1568038149.php

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Labrador Gold $LAB.ca: The US dollar vs. Gold – Has Something Changed? $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 2:33 PM on Friday, September 6th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

Gold is priced internationally in US dollars. So generally, when the USD rises, gold drops, and vice versa. But over the last year, gold and the USD seem to be rising together. That’s a strong indication of safe-haven demand driving money around the world into both gold and the USD. You can see both the overall inverse relationship and the recent exception clearly in a long-term USD vs. gold chart.

That much is obvious. What’s less obvious is just how rare this is. There seem to be a few times when gold and the USD spiked together since the early 1970s, when the price of gold was freed when Nixon closed the gold window. But if you look carefully, the most notable spikes are not at the same exact time. The inverse relationship holds.

Hold on—haven’t we all seen times when safe-haven demand clearly drives both the USD and gold higher? Yes, but most of those tend to be very short lived. We’re talking daily price movements. Sometimes weekly. The fact that such short-term moves aren’t even visible on the chart shows that they don’t really matter that much.

And even more striking is that gold is rising much faster than the USD. The gold line is accelerating upward while the USD line is decelerating. If those curves continue, the USD will be falling hard and gold will be hitting new nominal highs within two years.

That’s a big “IF,” of course. I’m not making that call. All the more so since the USD may follow gold’s lead upward—whether it deserves to or not—if the global economy tanks and central bankers around the world panic in that timeframe.

Regardless, it’s important to think about what these curves are telling us.

  1. Increasing numbers of people around the world are worried, and they’re shifting their money into safe-haven assets.
  2. The fact that the USD is not rising as fast as gold could be dismissed as an artifact of gold being the smaller asset class, but the opposite inflection of the curves suggests that more people are starting to worry about the soundness of the USD.

That’s bullish for gold.

But what if the trends change?

Almost 50 years of data say that gold and the dollar rising together won’t last long. This anomaly could be corrected by either the USD rebounding and gold falling, or the opposite. But which is more likely?

Well, is the volatility and fear driving people into safe-haven assets likely to end soon?

I don’t think so.

Has the US central bank pivoted to a weaker dollar stance?

No question.

With rate hikes fading in the rearview mirror in the US, we may well see a period of substantial USD weakening, as we did in the years after the crash of 2008.

That’s very bullish for gold.

So why has the USD been strengthening despite the Fed throwing it under the bus in favor of prolonging the US’s economic party? Because things have been getting even worse in much of the rest of the world. The USD isn’t stronger. It’s just that other major currencies are weakening faster.

That’s extremely bullish for gold—whichever currency is winning the race to the bottom at the time.

All of this begs the big question: “When will people around the world lose faith in the US dollar and see it as just another piece of paper of no special value?”

Well, folks should have realized this long ago. Unfortunately, the petrodollar system has propped up the USD ever since Nixon killed what was left of the gold standard in the US. That system is starting to fray, with China and Russia pulling on the threads to unravel it as fast as they can, but it still stands.

While the petrodollar system endures, I think that even great weakness in the US economy and policies obviously destructive of the USD’s value will hurt, but not dethrone, the dollar.

Remember that in the global economy, a major downturn in the US economy would have serious consequences for just about every other economy in the world. If other countries are hurting and trashing their own currencies at the same time, the USD could still look like the least leaky among a fleet of sinking ships.

But someday—and it may not be very far off—the USD will lose its last special characteristic.

That’s when I think people worldwide will see that the emperor has no clothes…

… and gold and silver will reemerge as money.

When?

Go ask someone with a working crystal ball.

I’m just happy to own gold now and to see it doing its job as a safe haven.

The tides of history are shifting. I’m confident I’m on the right side.

Source: https://www.kitco.com/commentaries/2019-09-05/The-US-dollar-vs-Gold-has-something-changed.html

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Advance Gold’s $AAX.ca Completed Geophysical Survey at Tabasquena Project Identifies a Large Continuous IP Anomaly $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM at 1:41 PM on Thursday, September 5th, 2019
http://www.smallcapepicenter.com/AAX%20square.png

Kamloops, British Columbia–(Newsfile Corp. – September 5, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that the recently completed 3D Induced Polarization (IP) geophysical survey on its Tabasquena project in Zacatecas, Mexico has outlined a significant continuous chargeability anomaly. This anomaly has an east-west width of approximately 250 metres and an apparent strike length of over 800 metres. The anomaly remains open to the north and to the south and at depth.

The complete geophysical report on this work is available on the company’s web site. Image below are cross sections representing a key portion of the overall anomaly.

Figure 10b



To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5492/47558_57611db644a9aab6_001full.jpg

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Based on the size and number of vein intersections in the near surface drilling in the andesites, our exploration team has felt that we have found a very large system. The IP survey has now identified such a possible system. Where the IP anomaly starts is approximately 100 metres below the past drilling and almost directly under the main Tabasquena vein. This depth is very important because it is approximately where the graphitic phyllite horizon begins. The major mines nearby, operated by Fresnillo Plc., and MAG Silver’s Juanicipio mine currently under construction, are epithermal veins systems focused on zones within the graphitic phyllites. We have now established the existence of a large IP anomaly, below the widespread gold and silver mineralized veins, in the graphitic phyllite horizon. We are currently making plans to extend the IP grid to the north and south, and to commence our next drilling campaign. To put the size of the anomaly into perspective, while taking into consideration the widespread gold and silver mineralization above it, it is safe to say that this is the size that all major gold and silver mining companies would be interested in. It is clear to see that our small gold and silver exploration company is sitting on a very large target at a time when the industry is dramatically in need of new gold and silver discoveries.”

Details of Geophysical Survey

The 3D Induced Polarization survey was carried out by GEOFISICA TMC SA de CV, between August 3rd and August 14th, 2019. Approximately 9.6 kms of IP data was collected over the central portion of the company’s claims. The IP grid consisted of nine, east-west lines, 100 metres apart. Lines were approximately 1 km long. An off-set pole dipole array was used.

Data processing and inversion of the data was carried out using RES3DINV software. The inversion model was extended to approximately 550 meters below surface. 3D Voxel images together with a series of depth slices were generated (all available on the company’s website).

The main purpose of the IP survey was to map, laterally and at depth the evolution of the known silver veins and to identify new mineralised structures. The survey was designed in such a way to allow approximately 500 to 550 metres of vertical depth investigation.

The IP survey area encompassed the historic and new shafts that are located to the east of the Tabasquena and Nina veins that define a mineralised system that outcrops at surface for 2.0 km. From past exploration work, the Tabasquena vein was recognized over approximately 70 m along strike near the shaft but only at shallow depth (< 100 m).

The nine (9) vertical sections that were extracted from the 3D IP inversion voxels suggest the presence of (4) four main stratigraphic horizons (lithological units) mainly characterized by their resistivity signatures.

The IP data also clearly shows that the large polarisable body/target is apparently quickly deepening northward and getting closer to surface southward. The IP anomaly starts at around 100 metres below the past drill hole intersections that contained widespread gold and silver mineralization in epithermal veins.

Chargeability and resistivity anomalies are indicated on the IP sections (see report on company’s website) and are graded as per their relative strength. Those chargeability anomalies that are deemed to be caused by the same anomalous target are grouped together in what is called a polarisable axis. Only one main axis was delineated following the review of the IP data, which was labeled IPT-1 (Map C351-3 & Figure 11, report on company website). This axis is a single large amplitude continuous anomaly running north-south, coincident with the two shafts at Tabasquena and the surface projection of the mineralised veins. This anomaly has been categorized as having a high chargeability and is conductive. The anomaly has an average depth of approximately 250 to 300 meters. The most southerly line (L7150N) clearly shows that this anomaly is becoming shallower as one moves to the south. It should also be mentioned that this anomaly is visible on every line, albeit less intense on the most northerly line, as the target is becoming deeper to the north.

In conclusion

This geophysical work has identified a large consistent chargeability anomaly that can be seen on all lines, implying a strike extent of at least 800 meters and an apparent width of 250 meters. This observed IP anomaly could define a much wider mineralised system at depth.

The main recommendation of the geophysical report is to extend the 3D IP survey to the southeast for at least 1 km in the direction of the Tesorito shaft, which will determine the southerly extension of the main anomaly and establish whether this main target is becoming shallower. Following this a number of proposed boreholes are planned to intersect this anomaly.

Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., and QP for Advance Gold and is the qualified person as defined by National Instrument 43-101 and he has read and approved the accuracy of technical information contained in this news release.

About Advance Gold Corp. (AAX.V)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicolas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 14.63% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 85.37% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold Corporation).

For further information, please contact:

Allan Barry Laboucan,
President and CEO

Phone: (604) 505-4753
Email: [email protected]

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Labrador Gold $LAB.ca – Gold Prices to Pick off U.S. Dollar High Next $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 2:44 PM on Wednesday, September 4th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

https://www.kitco.com/news/2019-09-04/images/shutterstock_1265325577-min.jpg
  • Gold hit new all-time highs in multiple currencies
  • U.S. gold price has yet to follow, but has hit six-year highs
  • After five years of price consolidation, there is an “unprecedented” foundation for higher gold and silver prices

After hitting new record highs in euros and British pounds, U.S. dollar-based record highs are next, according to Bloomberg Intelligence (BI).

Gold prices had a stellar August, with the metal hitting new all-time highs in multiple currencies as well as reaching fresh six-year highs in U.S. dollars.

“Dollar-denominated gold is likely to follow all-time highs in euro terms reached Aug. 26 … Despite the trade-weighted broad dollar rallying about 10% since the start of 2018, dollar-valued gold has increased 15%. Trade tension and diminishing macroeconomic conditions have been drivers, but increasing stock-market volatility is a primary gold-price support,” BI senior commodity strategist Mike McGlone wrote in a September update.

Precious metals are on a very solid footing and are likely just beginning their upward ascension, McGlone wrote this week.

“We expect precious metals to remain the stalwart sector, as moribund silver and platinum gain buoyancy with the rising gold- and bond-price tide. A catalyst to reverse the entrenched trends, namely a definitive U.S.-China trade accord, is unlikely,” he said.

After five years of price consolidation, there is an “unprecedented” foundation for higher gold and silver prices, McGlone pointed out.

“Markets are in the early days of acknowledging the potential upside in primary store-of-value, quasi-currency, diversifier assets gold and silver, in our view. Plunging and increasingly negative bond yields, central-bank easing, trade and currency wars, elevated debt-to-GDP levels and a contentious U.S. presidential relationship with the Federal Reserve are price tailwinds,” he explained.

The biggest threat to the precious metals’ new bull market is a drop in stock-market volatility, which is looking unlikely at this point, BI’s report noted.

“The dollar price of gold is on far more stable ground than it was about a decade ago. Some combination of sustained greenback strength and rapid stock-market appreciation should be necessary to suppress the metal’s price … Bottoming with the Federal Reserve’s interest-rate hike in 2015, the gold price appears to be situated for brighter days,” McGlone said.

Source: https://www.kitco.com/news/2019-09-04/Gold-prices-to-pick-off-U-S-dollar-high-next-Bloomberg-Intelligence.html

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Labrador Gold $LAB.CA Provides Exploration Update for Its Ashuanipi Project $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 8:13 AM on Tuesday, September 3rd, 2019

VANCOUVER, British Columbia, Sept. 03, 2019 – Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) announces that it has received a request to stop further exploration at its Ashuanipi project in western Labrador. The request was received following the start of the Company’s exploration program and subsequent discussions with members of the Matimekush-Lac John First Nation in Schefferville, Quebec. Labrador Gold holds, under option, a number of mineral licenses in western Labrador, south east of Schefferville that cover a portion of a trapline owned by some members of the Matimekush-Lac John First Nation and conducted exploration without incident during 2017 and 2018. 

“It is unfortunate that discussions to date have resulted in us having to stop work,” said Roger Moss, President and Chief Executive Officer of Labrador Gold. “However, we will respect their decision as we continue discussions with the aim of maximizing benefits for all stakeholders. The company is committed to maintaining good relationships with the community as we look to restart our exploration program at Ashuanipi.”

Labrador Gold will continue discussions to properly understand the concerns of the Matimekush-Lac John First Nation and to seek ways in which we can work with the community in order that our low-impact exploration does not interfere with their traditional activities.

The Company is also reviewing the Hopedale, Labrador and Borden Lake Extension, Ontario projects with the aim of conducting further exploration on one or both of the projects during the remainder of the field season.

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 Ashuanipi property.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

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 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

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CLIENT FEATURE: Labrador Gold $LAB.ca Discovers Gold Enriched Zone at Ashuanipi $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 10:57 AM on Friday, August 23rd, 2019
  • Discovery of gold enriched zone near high grade (8,973ppb) soil sample at Ashuanipi, Labrador
  • Defined by gold in soil and rock samples that cover an area of 450 metres by 450 metres
  • Results of ground VLF-Magnetic survey over the area are pending
  • Drill testing of zone expected in fall
  • Systematic approach to exploration of district scale anomalies at Ashuanipi allowed LAB to quickly identify favourable areas for gold mineralization
  • Two successful gold explorers lead the Labrador gold rush: Shawn Ryan and Roger Moss.

Ashuanipi

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

LAB Agoracom Hub

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

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

Posted by AGORACOM 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

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564602/hub/ggx_large.png
  • 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

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Labrador Gold $LAB.ca Announces Delineation of a Gold Enriched Zone at Its Ashuanipi Project $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 12:30 PM on Wednesday, August 21st, 2019
  • Discovery of gold enriched zone near high grade (8,973ppb) soil sample at Ashuanipi, Labrador
  • Defined by gold in soil and rock samples that cover an area of 450 metres by 450 metres
  • Results of ground VLF-Magnetic survey over the area are pending
  • Drill testing of zone expected in fall

VANCOUVER, British Columbia, Aug. 21, 2019 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce that it has delineated a new gold enriched zone near the site of a high grade soil sample at its Ashuanipi project in western Labrador.

The initial program at Ashuanipi this year continued our systematic approach of detailed geological mapping, rock and soil sampling and ground magnetics/VLF-EM (very low frequency electromagnetics) to follow up on specific areas to generate targets for drilling in the fall. In particular, infill soil sampling allowed us to define an anomalous gold zone near the site of a soil sample taken in 2018 that assayed 8,973ppb gold.

The anomalous zone measures approximately 450 metres by 450 metres and is defined by soil samples ranging from below detection up to 1,190ppb gold, in addition to the previous high-grade sample, and rock samples from below detection up to 2,353 ppb Au (2.35g/t). The 2.35g/t rock sample lies approximately 450m northwest of the high-grade soil sample within a 200m by 100m gold in soil anomaly with values ranging from 40ppb to 778ppb gold. The area was also covered by a ground magnetic and VLF-EM (Very low frequency electromagnetic) survey, the data from which is currently being processed.

A second area also shows potential, with rock samples grading from below detection to 0.68g/t gold and 10 samples showing values greater than 0.1g/t gold over an area of 200m by 120m within a larger anomalous area of gold in soil. The gold mineralization is associated with garnet-bearing gossanous gneiss. Further work in the area, including detailed soil sampling and a VLF-magnetic survey will enable better definition of the anomalous zone. Maps of the two zones can be found at www.labradorgold.com/portfolio/ashuanipi/.

“Our systematic approach to exploration of district scale anomalies at Ashuanipi has allowed us to quickly identify favourable areas for gold mineralization along these trends,” said Roger Moss, President and Chief Executive Officer of Labrador Gold. “We look forward to the results of the magnetic – VLF-EM survey that will allow us to further refine our drill targets for the fall.”

The 2019 exploration program at Ashuanipi is designed to follow up on successful results of 2017 and 2018 work that outlined district scale gold anomalies. To date the company has collected 13,184 soil samples, 752 lake sediment samples and 138 rock samples over the 896 square kilometre property.

“Our 2019 program confirms and reinforces the thought that the large regional (20 by 25 km) gold in lake sediment anomaly (greater than the 99th percentile) covering the Ashuanipi north claim block is real.  The anomaly, derived from GSC data (Open File 8348), is the largest and most robust in the entire northern Quebec and Labrador,” said Shawn Ryan, Technical Advisor to Labrador Gold. “We are the first exploration company to give this anomaly a good look and start to explain this new mineralized system. As we continue our systematic exploration approach over the property, we should uncover more gold mineralization over the 15-kilometre gold in soil anomaly outlined during the 2018 exploration program.”

All samples were shipped to the Bureau Veritas preparation laboratory in Timmins, Ontario, where rocks were crushed and split and a 500g sub sample pulverized to 200 mesh. Pulps were sent to the Vancouver laboratory for assay. Samples of 30g were analyzed for gold by fire assay with an atomic absorption finish and another 15g sample for 36 elements by ultratrace ICP-MS (inductively coupled plasma-mass spectrometry) following an aqua regia digestion. Soil samples are dried and sieved to -80 mesh followed by aqua regia digestion and ICP-MS/ES assay. In addition to the QA-QC conducted by the laboratory, the Company routinely submits blanks, field duplicates and certified reference standards with batches of samples to monitor the quality of the analyses.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

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 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:             

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

@LabGoldCorp

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