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Bullion banks fleece gold longs so price can rise again, Embry tells KWN
1:43p ET Monday, January 30, 2017
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry, interviewed by King World News today, notes the huge decline in active gold futures contracts on the New York Commodity Exchange in the last few days, indicating that the bullion banks have done their usual fleecing of speculative longs in preparation for another surge in the price. Embry's comments are posted at KWN here:
http://kingworldnews.com/emery-a-jaw-dropping-8-6-million-ounces-of-pape...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
K92 Mining Drills Multiple High-Grade Gold Intersections
Company Announcement
Friday, January 27, 2017
K92 Mining Inc. (TSXV–KNT) announces the latest results from the ongoing grade control drilling program at its high-grade Kainantu Gold Mine in Papua New Guinea. K92 is ramping up the Kainantu gold mine toward commercial production, with its longest continuous production run to date now commenced.
In September 2016 K92 began a campaign of close-spaced underground diamond drilling as part of a comprehensive grade-control strategy. The current grade-control drilling program is focused on the areas of Irumafimpa and is designed to bring a high degree of confidence to the production planning and scheduling. K92 plans to mine this area in the coming six months. The closed-space drilling pattern of approximately 15 metres by 15 meters has significantly increased the confidence in this sparsely drilled area, with most holes recording high-grade intersections. Approximately 80 percent of the holes completed to date have recorded multiple high-grade intersections indicating the presence of multiple parallel to sub parallel high-grade veins. ...
... For the remainder of the announcement:
http://www.k92mining.com/2017/01/k92-drills-multiple-high-grade-gold-int...
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