From Bloomberg News
Wednesday, November 5, 2025
Cambodia is set to become one of the first countries to store gold with China, according to people familiar with the matter, marking early progress in Beijing's push to develop as a global bullion hub.
The Southeast Asian nation is planning to store some of its reserves in a vault registered with the Shanghai Gold Exchange in Shenzhen's bonded zone, the people said, requesting anonymity because the matter is sensitive. A few other countries have also expressed interest, they said, as they weigh the benefits of diversifying their reserves from traditional hubs like London.
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Power Metallic Intercepts 5.35 Meters of 11.97% Cu (16.35% CuEqRec) in Hole 25-022 Infill Drilling,
Expanding the Lion Zone and Provides Updates on Fall/Winter Drill Program and Land Assembly
Company Announcement
November 4, 2025
TORONTO -- Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) provides a release of assays from its summer drill program and an update on its land assembly activities, together with an outlook to the fall and winter key exploration objectives.
Summer Drilling Release 2 -- Lion–Tiger Area
The summer drilling program was designed to search for extensions to the Lion Zone, specifically down plunge from known mineralization, and to infill drill, including "edge" holes, on the Lion zone to define the zone geometry to a confidence level that would allow a future mineral resource estimate to be carried out to an Indicated Resource classification.
Extensional Drilling Results
Extensional drilling was slow during the summer program as technical problems with the helicopter-supported drills led to lost holes (such as holes PML-25-019 and 024a in this release) that did not reach the mineralization horizon for Lion. Hole PML-25-017 has extended the zone to the west but failed to intersect the high-grade massive sulphide portion of the Lion zone and returned a disseminated zone of 7 meters @ 1.41% CuEqRec 1 that confirms the extension of the mineralizing Lion structure, which will see continued follow-up in the 2025 fall program. ...
... For the remainder of the announcement:
Beijing is keen to become a custodian of other countries' gold as its seeks to establish a global financial system less dependent on the dollar and Western centers. Its deal with Cambodia involves storing new purchases of bullion, rather than relocating metal from existing stockpiles, the people said. ...
... For the remainder of the report:
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