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Where are Russia's vast gold reserves hidden?
By Alexander Bratersky
Russia Beyond the Headlines
(Rossiyskaya Gazeta, Moscow)
Wednesday, February 1, 2017
The topic of gold reserves is increasingly discussed in the international media. Donald Trump, for example, suggested an audit of America's gold reserves to ascertain just how much the country truly has. The question of Germany's gold reserves, kept in the United States for decades, has begun to worry the German public, which begins to think it's necessary to return those reserves home. So it's no surprise that many Russians also wonder what's up with their country's gold reserves and where they're hidden.
Russia ranks sixth in the world in gold reserves, and the Russian Central Bank said they total 1,614.27 tons, which is 15 percent more than last year.
The Russian Central Bank is one of the world's leading gold buyers, and in February 2016 it purchased more than 10 tons of gold.
"When prices are low, governments increase gold reserves, and this often owes to traditions and historical reasons," said Anton Tabakh, an economist and professor at the Higher School of Economics. "In the reliability-liquidity-profitability triad, gold is marketable but prices greatly vary." ...
... For the remainder of the report:
http://rbth.com/politics_and_society/2017/02/01/where-are-russias-vast-g...
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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