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Craig Hemke at Sprott Money: Biggest monthly Comex silver offtake is about to happen
7:35p ET Tuesday, August 25, 2020
Dear Friend of GATA and Gold:
More huge delivery demands are likely in Comex September silver, more than the huge demands made in the last three delivery months, the TF Metals Report's Craig Hemke writes today at Sprott Money.
Hemke writes: "Total delivery demands for Comex silver in September are on track to meet or exceed what was seen in July. Could we see upwards of 90 million ounces of silver 'delivered' over the next 30 days? Yes, we sure could. What would this mean? Again, not likely the end of the Comex and its digital derivative pricing scheme. However, maybe we'll move a few steps closer to the end -- and that's what we're all anxiously awaiting."
Hemke's analysis is headlined "Comex Silver in September" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/COMEX-Silver-in-September-craig-hemke-a...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System
Company Announcement via Globe Newswire
Thursday, July 2, 2020
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.
The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:
http://www.asantegold.com/assets/Video/SEMSpitMagSmthCore.mp4
In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...
... For the remainder of the announcement:
https://www.globenewswire.com/news-release/2020/07/02/2056982/0/en/Asant...
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