Posted by AGORACOM
at 9:21 AM on Wednesday, July 17th, 2019
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GR: TSX-V
A bigger price move is right on the horizon, probably this week
Odds favor that bigger price move being to the upside.
Gold prices are modestly down in early U.S. trading Tuesday. The daily chart for gold shows a “collapse in volatility,†whereby the past three sessions have seen significantly quieter price action. This suggests that a bigger price move is right on the horizon, probably yet this week. Given that the daily gold chart remains bullish, odds favor that bigger price move being to the upside. August gold futures were last down $2.90 an ounce at 1,410.20. September Comex silver prices were last up $0.045 at $15.41 an ounce.
The just-released U.S. retail sales report for June showed a stronger-than-expected rise of 0.4%, which pushed the U.S. dollar index to solid gains on the day and in turn put some downside pressure on the gold market. Asian and European stocks were mixed overnight. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session beings, and are at or near their record and contract highs. So far this week there have been no major news developments in the world to significantly move markets. Thus, typical lackluster mid-summertime trading has set in. However, a very busy day of U.S. economic data may shake loose the present summertime doldrums.
In overnight news, there was a downbeat economic report coming out
of Germany, as the ZEW economic expectations index and current
conditions index worsened in July. Germany is the economic workhorse
for the European Union.
The other key “outside market†today sees Nymex crude oil prices firmer and trading just below $60.00 a barrel.
U.S. economic data due for release Tuesday includes the weekly Johnson Redbook and Goldman Sachs retail sales reports, retail sales, import and export prices, industrial production and capacity utilization, the NAHB housing market index, manufacturing and trade inventories, and Treasury international capital data. Several Federal Reserve officials are also slated for speeches today.
Posted by AGORACOM
at 8:23 AM on Wednesday, July 17th, 2019
Drilling has resumed at the C.O.D. North vein, where sample results last year ranged up to 21.7 grams per tonne gold over 0.4m
The new geophysical anomaly on the Gold Drop property is centered at the intersection of three interpreted major fault-conduit structural lineaments two of which are coincident with known structures: C.O.D. vein system and a cross-fault.
The anomaly measures 1834 by 1377m and is interpreted as a pipe-like structure requiring drilling to a depth of at least 400 and up to 764 metres.
The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:
COD18-3: 14.62 g/t Au over 2.1 metres;
COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
Posted by AGORACOM
at 9:12 AM on Thursday, July 11th, 2019
Drilling at the C.O.D. North vein, where sample results obtained late last year ranged up to 21.7 grams per tonne gold over 0.4m
Drilling will then be directed to the area of a new-technology geophysical target identified by Stargate II
Anomaly measures 1834 by 1377 metres and is interpreted as a pipe-like structure that tops out at about 360 metres
Drilling to a depth of at least 400 and up to 764 metres
VANCOUVER, BC / ACCESSWIRE / July 11, 2019 /
GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Companyâ€
or “GGXâ€) announces that it will resume drilling next week at its Gold
Drop property in the Greenwood Mining Camp.
After
taking a much-deserved field break, the drill and geological crews are
returning to the Company’s operations base in Greenwood, B.C. to resume
drilling activity on the Gold Drop property. Drilling will resume next
week initially at the C.O.D. North vein, where sample results obtained
late last year ranged up to 21.7 grams per tonne gold over 0.4 metres
(see news release dated Nov 20, 2018).
Drilling
will then be directed to the area of a new-technology geophysical
target identified by Stargate II, an enhanced, deep-penetrating
ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey conducted
by Earth Science Services Corporation of Oshawa, Ontario (see news
release dated July 3, 2019). The new geophysical anomaly on the Gold Drop property is centered at the intersection of three interpreted major fault-conduit structural lineaments, two of which are coincident with known structures: C.O.D. vein system and a cross-fault. Geometrically, the
anomaly measures 1834 by 1377 metres (see figure below) and is
interpreted as a pipe-like structure that tops out at about 360 metres,
requiring drilling to a depth of at least 400 and up to 764 metres. This
will be the deepest ever to be drilled on the Gold Drop property.
Stargate II Anomaly Map:
Drilling
is expected to continue through this month on these and other targets.
Assay results from the first round of this season’s drilling on the
C.O.D. vein are also expected to be received this month.
David
Martin, P.Geo., a Qualified Person as defined by National Instrument
43-101 and consultant to the Company, approved the technical information
in this release.
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.
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
Posted by AGORACOM
at 7:35 AM on Thursday, July 4th, 2019
Drilling a high priority geophysical target at its Gold Drop property in the Greenwood Mining Camp.
Stargate II (SG II) Drill Target Modeling System incorporates Acoustic EM analysis, technology that was developed by Earth Science Services Corporation
SG II employs an enhanced, deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey.
VANCOUVER, BC / ACCESSWIRE / July 4, 2019 / GGX Gold
Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or
“GGX”) announces that it is planning to drill a high priority
geophysical target at its Gold Drop property in the Greenwood Mining
Camp.
The proprietary Stargate II (SG II) Drill Target Modeling System incorporates Acoustic EM
analysis, technology that was developed by Earth Science Services
Corporation of Oshawa, Ontario (ESSCO). SG II employs an enhanced,
deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical
survey.
The system is in developmental / pre-commercial stage and as such the effectiveness of this technique is not fully known to GGX.
Stargate
II surveys were performed by ESSCO over the Republic Graben trend in
Washington and B.C. in 2014/2015 at 1 km and 500 metre line spacings. A
resultant geophysical anomaly on the Gold Drop property in the Greenwood
Mining Camp was supplied by Glenn Galata of ESSCO. The anomaly measures
1834 by 1377 metres, is centered at the intersection of three
interpreted major fault conduit structural traces and is located along
strike and to the north of the C.O.D. vein trend. Testing the target
will require drilling to a depth of at least 400 and up to 764 metres –
the deepest ever to be drilled on the Gold Drop property.
Stargate II Anomaly Map:
The
anomaly is located at the intersection of corridors identified as
“conduit-fault-structural traces”. Two of these are coincident with the
trend of the C.O.D. vein system and a probable NW-trending cross-fault.
The correlation of anomaly corridors with known geological features
provides some confidence in the result.
GGX is excited to have
the opportunity to engage this new technology with a drill test planned
in the coming weeks. If successful, the test at the Gold Drop property
could result in the discovery of a new gold deposit or even a new gold
deposit type. It could also lead to further investigations utilizing the
new geophysical technique in other areas of the Greenwood Mining Camp.
View the Video at GGXGOLD
David
Martin, P.Geo., a Qualified Person as defined by National Instrument
43-101 and consultant to the Company, approved the technical information
in this release.
Mr. Glenn Galata, of Earth Science Services
Corporation of Oshawa Ontario, reviewed the information in this release
pertaining to the Stargate II geophysical system and ESSCO.
Posted by AGORACOM
at 10:46 AM on Thursday, June 27th, 2019
THE ONE GOLD REPORT TO READ Perhaps the most comprehensive Gold Report on the planet, the “IN GOLD WE TRUSTâ€
2019 annual report is now available for download from Incrementum.
For those new to the gold market there is a condensed (<100 pages)
report and for those who want to go deeper, an expanded version (>300
Pages).
We also suggest watching the short introductory video with Ronald-Peter Stoeferle further down the download page.
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the full report.
HUB on Agoracom FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 1:37 PM on Friday, June 21st, 2019
US $ Gold price touched a 5-year peak at $1400 as the US Fed signalled a rate cut, pressuring U.S. Treasury yields and the dollar.
This is the highest gold has been since March 17, 2014 at $1,386.38
Continued Central Bank accumulation of physical gold represents fundamental floor for market as a weakening US dollar accelerates Central Bank demand. Purchases rose 130% in the 4th quarter, and 2018 purchases came in at 650 tons
Trade wars ( China ) and Geopolitical conflicts ( Iran )
Dearth of exploration discovery leads to future supply deficits
Technical factors support higher long term gold prices and renewal of bull market
Higher prices make marginal projects economic
Exploration becomes a renewed focus to supply future demand
Joint Venture with Tudor Gold and
a 20% FULLY CARRIED INTEREST until a production notice is given. The last hole
drilled intersected 563.8m of 0.98 g/t gold and remains open. The 2019 program
is designed to drill well over one billion tonnes of rock and produce a
multi-million-oz gold deposit incorporating an open pit design and with higher
gold grades and remarkably better logistics than Seabridge’s adjoining KSM. Click
here for the Treaty Creek JV Highlights
Advance Gold is focused on its
100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. Drilling in
the first 3 phases identified a cluster of 30 mineralized epithermal veins over
an area from east to west of approximately 300 metres, and north to south 400
metres, and 300 metres of depth. Advance plans to focus deeper to find the
boiling zone of the system and potentially economic mineralization. AAX
recently created a 3D model of the vein Tabasquena system.
GGX gold has discovered high grade gold silver and tellurium in the Greenwood-Republic mining camp, British Columbia. The current 2019 drill program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t telluriumâ€, including “823 g/t tellurium over 7.28-meter core length†and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.
Great Atlantic is situated between Marathon Gold and Sokoman in Canada’s
newest emerging gold district. The Company reported a NI 43-101mineral
resource estimate for the JMZ in late 2018 on Golden Promise and 2019 is
focussed on prospecting and geochemical sampling at high priority targets
within the property. Planned 24 hole program in the northern half of the
property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone
(JMZ) and Jaclyn North Zone (JNZ).
Lead by Shawn Ryan and Roger Moss, LAB has 2
district scale Greenfield Gold projects in Labrador that have never seen any
modern exploration techniques. Ashuanipi and Hopedale are being systematically
explored for gold potential following the same techniques that created the
White Gold discoveries. At Ashuanipi , a
15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by
2 to 4 km wide east-west trend are the focus of 2019 exploration.
Posted by AGORACOM
at 9:59 AM on Wednesday, June 19th, 2019
THE ONE GOLD REPORT TO READ Perhaps the most comprehensive Gold Report on the planet, the “IN GOLD WE TRUST†2019 annual report is now available for download from Incrementum. For those new to the gold market there is a condensed (<100 pages) report and for those who want to go deeper, an expanded version (>300 Pages).
We also suggest watching the short introductory video with Ronald-Peter Stoeferle further down the download page.
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the full report.
HUB on Agoracom  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
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 under-explored 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.
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
