If you believe, as Reuters seems to, that China always tells the truth about its gold reserves and reports all gold purchases promptly.
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By Qiaoyi Li, Ryan Woo, and Casey Hall
Reuters
via Yahoo News, Sunnyvale, California
Sunday, October 6, 2024
SHANGHAI -- China's central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed, mainly due to a surge in prices for the yellow metal.
China's gold holdings stood at 72.8 million troy ounces at the end of last month. The value of the gold reserves, however, rose to $191.47 billion from $182.98 billion at the end of August. ...
... For the remainder of the report:
https://finance.yahoo.com/news/chinas-gold-reserves-unchanged-fifth-023509565.html [1]
... ADVERTISEMENT ...
Power Nickel Announces Biggest Intersection Yet, Making Major Advancements at the Lion Zone
Company Announcement
Thursday, October 3, 2024
TORONTO -- Power Nickel Inc. (TSXV: PNPN, OTCBB: PNPNF) announces the second set of assay results obtained for three more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
"With one of our best holes to date, it is becoming more evident that the Lion discovery is substantially bigger than we originally envisioned," CEO Terry Lynch said. "Taking education from the holes drilled and announced earlier this week, we went further west and much shallower and struck the zone at 118 meters. This is very encouraging for lots of reasons: size of zone, grade, depth of intersection, and the move westward."
Highlights:
PN-24-069 returned:
-- 17 meters of 0.28 g/t Au, 9.52 g/t Ag, 0.93 % Cu, 7.19 g/t Pd, 1.66 g/t Pt and 0.05% Ni, including 6 meters of 0.42 g/t Au, 19.33 g/t Ag, 0.96 % Cu, 11.68 g/t Pd, 3.69 g/t Pt, and 0.04% Ni.
-- 5 meters of 0.35 g/t Au, 7.80 g/t Ag, 1.78 % Cu, 9.69 g/t Pd, 0.74 g/t Pt, and 0.09% Ni. ...
... For the remainder of the announcement:
https://pro.ceo.ca/@newswire/power-nickel-announces-biggest-intersection-yet-major [2]
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, November 20-23, 2024
https://neworleansconference.com/powellgata/ [3]
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