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Oklahoma to consider investing state funds in gold and silver
By JP Cortez
Money Metals News Service, Eagle, Idaho
Thursday, January 20, 2022
An Oklahoma state representative today introduced legislation that would enable the state treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver.
Introduced by Rep. Sean Roberts, HB 3681 would include physical gold and silver, owned directly, to the list of permissible investments the state treasurer can hold.
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Asante Gold Announces Significant Gold Intercepts
From Its Near-Mine Exploration Drilling at the Bibiani Gold Mine
via Globe Newswire and Yahoo Finance
Wednesday, December 15, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE: ASE / FRANKFURT: 1A9/ U.S. OTC: ASGOF) announces significant gold intercepts from its ongoing near-mine exploration drill program at its Bibiani Gold Mine in Ghana.
Asante initiated the exploration program in late September 2021. This program includes extensive induced polarization and ground magnetic surveys across the entire lease, RC, and diamond drilling, plus a high-level structural geology review targeting near-mine areas with high potential for new discoveries. The program objective is to grow the resources to be included in our comprehensive mining plan being prepared for the second quarter of 2022, with plant startup scheduled for the third quarter of 2022.
The company is pleased to report early results from the Walsh Satellite pit:
-- WADD21-002: 18 meters @ 3.85 g/t Au from 141 meters, including 16 meters @ 4.22 g/t Au.
-- WADD21-005: 12 meters @ 4.41 g/t Au from 174 meters.
-- WADD21-004: 8 meters @ 4.8 g/t Au from 137 meters.
-- WADD21-007: 4 meters @ 7.49 g/t Au from 170 meters.
-- WADD21-010: 3 meters @ 5.17 g/t Au from 187 meters
-- WADD21-003: 3 meters @ 5.96 g/t Au from 140 meters; 3 meters @ 4.60 g/t Au from 160 meters.
The results confirm the extension and grade continuity of the mineralization beneath the current US$1,500 design shell. These recent assay results improve the existing deposit model and will support an update of the Walsh mineral resource estimate. We anticipate adding ounces to the existing resource. Follow-up drilling is continuing, focusing on deepening and extending the Walsh Pit to its economic limit. ...
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Currently, Oklahoma government money managers are largely relegated to investing in low-yield, dollar-denominated debt instruments.
Other than Ohio, no state is known to hold any precious metals, even as inflation and financial turmoil accelerate globally. Yet Oklahoma's own investment guidance prescribes safety of principal as a primary objective for investment of public funds. ...
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