Shorts digging in against silver, Turk tells KWN

Section:

7:30p ET Monday, February 27, 2017

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News that while the silver shorts were pushed back at $18 they are digging in. Turk thinks this will slow silver's advance but not stop it, since inflation is breaking out. His comments are excerpted at KWN here:

http://kingworldnews.com/james-turk-the-shorts-are-choosing-to-fight-des...

Also at KWN, Swiss gold fund manager Egon von Greyerz argues that banks in Germany and Luxembourg are in greater danger than banks in southern Europe, as the German and Luxembourg banks have lent huge amounts to borrowers who can't pay:

http://kingworldnews.com/greyerz-this-may-crash-europes-financial-system...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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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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