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Closing of BIS gold leases shows revaluation is near, Maguire says
8:42p ET Friday, November 18, 2022
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed by Shane Morand for this week's "Live from the Vault" program for Kinesis Money, says the closing of the gold lease positions of the Bank for International Settlements --
https://www.gata.org/node/22286
-- shows that central banks and bullion banks are now heavily long gold and ready for the monetary metal's upward revaluation, which he expects at the turn of the year.
The program is 41 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=txRYMUvCGLA
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
... ADVERTISEMENT ...
i-80 Gold Hilltop Discovery Yields Bonanza-Grade CRD Mineralization
Company Announcement
Monday, November 14, 2022
RENO, Nevada -- i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) reports results from the first four holes drilled to follow up the recently discovered Hilltop Zone that have confirmed high-grade, polymetallic carbonate replacement deposits at the company's 100%‑owned Ruby Hill property in Eureka County, Nevada.
The discovery hole in the Upper Hilltop Zone returned an impressive 515.3 g/t silver, 28.9 % lead, 10.5 % zinc, and 0.9 g/t gold over 28.3 meters in hole iRH22-43. Results contained in this release are from the first four core holes drilled to follow up this discovery and additional drilling is being completed in both the Upper and Lower Hilltop horizons with assays pending.
Highlight results from recent core drilling in the Upper Horizon at the Hilltop target include:
iRH22-51 -- 33.0 g/t gold, 3,010.0 g/t silver, and 63.5% Pb over 0.6 meters and 3.1 g/t gold, 683.3 g/t silver, and 37.6% lead over 14.6 meters.
iRH22-53 -- 1.9 g/t gold, 631.3 g/t silver, 7.4% zinc, and 33.0% lead over 18.3 meters.
iRH22-54 -- 0.6 g/t gold, 374.1 g/t silver, 3.9% zinc, and 20.2% lead over 20.8 meters.
iRH22-55 -- 60.2 g/t gold, 908.7 g/t silver, 1.1% zinc, and 15.7% lead over 10.0 meters, including 83.2 g/t gold, 1,261 g/t silver, 1.5% zinc, and 22.1% lead over 7 meters.
Owing to this successful drilling at the Hilltop Zone, the program at Ruby Hill has again been expanded to facilitate additional step-out drilling at this target. In addition to the Upper Horizon, drilling is testing the Lower Horizon (assays pending), where the initial hole intersected multiple zones of mineralization including 238.8 g/t silver, 11.0% zinc, and 9.0% lead over 9.4 meters and 469.5 g/t silver, 11.8% zinc, and 18.2% lead over 2.1 meters.
"We believe that the grades of mineralization at Ruby Hill are truly world-class and the Hilltop Zone ranks among the highest-grade new discoveries being drilled anywhere on the planet,” i-80 CEO Ewan Downie said. ...
... For the remainder of the announcement:
Toast to a free gold market
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
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