Central bank decides Russia needs still more gold after all

Section:

From BNE Intellinews, Berlin
Thursday, April 4, 2019

The Central Bank of Russia is flip-flopping over the need to build up gross international reserves to $500 billion.

In its latest statements the bank said it is necessary to "increase foreign exchange and gold reserves even more" from the current highs, given the "persisting sanction risks and current economic structure," deputy head of the bank Sergey Shvetsov told the press Wednesday.

... For the remainder of the report:

http://www.intellinews.com/russia-s-cbr-flip-flops-on-need-to-build-up-r...



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Great Bear Doubles Fully Funded Drill Program
from 30,000 to 60,000 Meters, Adds Third Rig

Company Announcement
Monday, April 1, 2019

VANCOUVER, British Columbia, Canada -- Great Bear Resources Ltd. (TSX-V: GBR) today reported that the company's board of directors has approved doubling of the current 30,000-metre drill program to 60,000 meters. The company remains fully funded for this expanded drilling.

Approximately 12,000 meters of the original 30,000-metre drill program remain to be drilled (see the announcement of September 20, 2018), with expected completion of the original program by July 2019. The extended program will continue through 2019.

The company also announces that it plans to add a third drill rig during the extended program. The two drill rigs currently on site will concentrate on defining and expanding the Hinge and Dixie Limb zones along strike and at depth. The third rig will explore regional targets and assist with the Hinge and Dixie Limb drilling as required. Timing of deployment of the third drill rig is subject to completion of regional target definition. ...

... For the remainder of the announcement:

https://greatbearresources.ca/great-bear-doubles-fully-funded-drill-prog...



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