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Legislation from Rep. Mooney seeks U.S. gold audit and would probe swaps and leases
From Money Metals News Service, Eagle, Idaho
Wednesday, May 26, 2021
WASHINGTON -- America's gold reserves would be audited for the first time in more than 60 years if a measure introduced yesterday by U.S. Rep. Alex Mooney, R-West Virginia, becomes law.
The Gold Reserve Transparency Act of 2021 -- H.R. 3526 -- backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists -- calls for the first true audit of United States gold reserves since the Eisenhower administration.
... Dispatch continues below ...
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Asante Gold C$5 Million Placement Is Oversubscribed
and Another C$2 Million Is Accepted;
Drilling Finds 7.47 g/t Gold over 30 Meters
Company Announcement
Monday, March 22, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE, Frankfurt: 1A9, U.S. OTC:ASGOF) announces that assays have been received for the first hole of a three-hole geotechnical drill program at our Kubi Gold project in Ghana.
DDHK21-001 was collared approximately 100 meters to the north of the Kubi Pit, near the middle of the 1Kubi Main Mineral Resource. On this section gold mineralization has been previously outlined to a depth of 450 meters. The gold is free milling and occurs within a near vertical 1-kilometer by 1-meter to 15-meter-thick shear-bounded "garnet" zone.
Gold is associated with up to 30% garnet and 15% sulfide mineralization and as coarse gold in late quartz veins.
The drilling has confirmed typical Kubi Main Zone gold mineralization.
-- 30 meters grading 7.47 g/t gold (true width estimated at 7.5 meters), including:
-- 14.31 g/t over 10 meters.
-- 5.69 g/t over 9.0 meters.
-- 10.75 g/t over 16 meters.
Given the presence of visible gold and the numerous high assays received, samples have been resubmitted for screened metallics assays, which give more exact results when coarse gold is present. Further results will be announced as received. ...
... For the remainder of the announcement:
https://www.asantegold.com/news/cad-5-million-placement-oversubscribed-a...
"Given the dramatic levels of debt-financed spending by the federal government and the potential this could trigger an inflationary nightmare, ensuring that America's gold reserves are both secure and fully accounted for has never been more important," Mooney wrote in a letter to his congressional colleagues about H.R. 3526. ...
Meanwhile, there is evidence the U.S. Treasury may have sold, swapped, leased, or otherwise placed encumbrances upon some of America's gold over time. However, federal government officials have strongly resisted disclosure of these activities for decades.
To address these concerns, H.R. 3526 also requires a full accounting of any and all sales, purchases, disbursements, or receipts, a full accounting of any and all encumbrances, including due to lease, swap, or similar transactions in existence or entered into in the past 15 years, and an analysis of the sufficiency of the measures taken to ensure the physical security of such reserves. ...
... For the remainder of the report:
https://www.moneymetals.com/news/2021/05/26/us-congressman-seeks-full-au...
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