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Hungary triples gold reserves as central banks turn buyers again
By Eddie Spence
Wednesday, April 7, 2021
Hungary tripled its gold reserves in one of the biggest purchases by a central bank in decades -- the latest sign of governments turning to the precious metal as a safeguard of value.
The monetary authority raised its bullion holdings to 94.5 tons last month, it said in an emailed statement:
At the same time, the latest data from the World Gold Council showed global central banks were net buyers of gold in February, led by India, which bought 11.2 tons.
... Dispatch continues below ...
Trillium Gold Reports More High-Grade Gold Results at Newman Todd With Final 2020 Drill Results
via PRNewswire, New York
Thursday, April 1, 2021
VANCOUVER, British Columbia, Canada -- Trillium Gold Mines Inc. (TSXV: TGM, OTCQX: TGLDF, FRA: 0702) reports the final results from the company's 2020 drill program at its flagship Newman Todd property in Red Lake, Ontario. The Newman Todd Zone (NT Zone) is a 2.2-kilometer-long structural target situated 26 kilometers from Evolution Mining's Red Lake operations.
Results from the final 4 drill holes of the 2020 drill campaign (NT20-176, NT20-178, to 180 totalling 1,862 meeters) are now complete and compiled. The large backlog of samples at the lab has been rectified and overdue results from our 2021 drilling are now being received. This brings total drilling at Newman Todd in 2020 to 6,081 meters in 16 drill holes, the first drilling since 2013 on the property.
"Drilling at Newman Todd continues to deliver gold even as we step toward the northern boundary. These results have aided us significantly in our reinterpretation of the structures controlling mineralization within the NT Zone and have helped with the new modeling, which is directing our current drilling," says Bill Paterson, Trillium Gold's vice president of exploration. ...
... For the remainder of the announcement:
Central banks helped underpin for gold prices for most of the last decade, but flipped to net sellers in the third quarter of 2020 as some producing nations cashed in on surging prices driven by investment demand. ...
... For the remainder of the report:
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