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Ted Butler: Three elements of silver manipulation
6:53p ET Monday, January 9, 2012
Dear Friend of GATA and Gold (and Silver):
Silver market analyst Ted Butler explains today why silver market manipulation would be easier to prove than Bart Chilton of the U.S. Commodity Futures Trading Commission may think, and he wonders why the commission's latest investigation of the silver market has gone on for 3 1/2 years without result. To GATA the most plausible explanation is that the CFTC has discovered more or less that the manipulation of the silver market is, like the manipulation of the gold market, essentially a U.S. government operation. Indeed, in failing to announce a conclusion and findings in its silver market investigation, even after having the benefit of the massive class-action lawsuit against JPMorganChase over silver market manipulation --
http://www.gata.org/node/10448
-- the CFTC has pretty much cinched the case. The commission is saying that the silver market simply can't be discussed openly and honestly. Good enough.
Butler's commentary is headlined "Three Elements of Manipulation" and it's posted at GoldSeek's companion site, SilverSeek, here:
http://www.silverseek.com/commentary/three-elements-manipulation
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Sona Discovers Potential High-Grade Gold Mineralization
at Blackdome in British Columbia -- 13.6g over 1.5 Meters
From a Company Press Release
November 22, 2011
VANCOUVER, British Columbia -- With its latest surface diamond drilling program at its 100-percent-owned, formerly producing Blackdome gold mine in southern British Columbia, Sona Resources Corp. has discovered a potentially high-grade gold-mineralized area, with one hole intersecting 13.6 grams of gold in 1.5 meters of core drilling.
"We intersected a promising new mineralized zone, and we feel optimistic about the assay results," says Sona's president and CEO, John P. Thompson. "We have undertaken an aggressive exploration program that has tested a number of target zones. Our discovery of this new gold-bearing structure is significant, and it represents a positive development for the company."
Sona aims to bring its permitted Blackdome mill back into production over the next year and a half, at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome mine and the nearby Elizabeth gold deposit property. A positive preliminary economic assessment by Micon International Ltd., based on a gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered.
For the company's complete press release, please visit:
http://www.sonaresources.com/_resources/news/SONA_NR18_2011-opt.pdf
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Prophecy Drills 384.9 Meters Grading 0.623 g/t PGM+Au,
0.3% Ni, 0.15% Cu (0.45% NiEq) From Surface At Yukon Wellgreen Project
Company Press Release
Thursday, December 8, 2011
VANCOUVER, British Columbia -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) has announced the final drill results from 2011 drilling at the company's fully owned Wellgreen platinum group metals, nickel, and copper project in the Yukon Territory.
Borehole WS11-192 intercepted 384.9 meters of 0.45 percent nickel equivalent starting from 9.45 meters depth. Included in this greater interval of continuous mineralization is a platinum group metals-rich zone with a combined platinum-palladium-gold grade of 1.358 grams per ton over 19.23 meters (nickel equivalent 0.74%).
The final drilling results for 2011 have shown the Wellgreen Central-East and Central-West deposits to be one contiguous body, whereby there is good potential to broaden significantly the Central-West resource base, which currently contributes only about a quarter of the current 43-101 compliant resource at Wellgreen. Overall the drilling program met with good success in expanding the resource to the east and south. The long drill intercepts suggest the deposit remains very much open in those directions.
For the complete drilling results and the full company statement, please visit:
http://prophecyplat.com/news_2011_dec08_prophecy_platinum_wellgreen_dril...
