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Bullion Star's Ronan Manly analyzes Newmont bid for Newcrest
9:26p ET Friday, February 10, 2023
Dear Friend of GATA and Gold:
Bullion Star gold market analyst Ronan Manly tonight examines Newmont's bid for Australia's Newcrest Mining. Manly concludes that if the acquisition is approved, "Newmont will soon be way out in front of any of its peers, as the world's largest gold producer and the world's biggest gold stock on the New York Stock Exchange." But Barrick Gold or some other big company still could try to make a more attractive bid.
Manly discloses that Newmont had made a previous bid for Newcrest that was rejected by the Australian company but not reported prior to the current bid.
Manly's analysis is headlined "Successful Newcrest Bid Would Extend U.S. Newmont's Lead as world's Largest Gold Producer" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
... ADVERTISEMENT ...
Relevant Gold Intersects 83.8 g/ton gold over 1 meter at Golden Buffalo
Company Announcement
Monday, February 6, 2023
VANCOUVER, British Columbia, Canada -- Relevant Gold Corp. (CSE:RGC) is pleased to announce the results of its initial 3,500-meter drilling exploration program on its Golden Buffalo Project in the company's 15,095-hectare land package in the South Pass Gold Field, Wyoming, United States.
Highlights of the program include 1 metre (core length) of 83.8 g/ton Au in Hole 22GB-012 and 14 of 26 holes reporting anomalous gold (>0.1 g/ton Au). The results indicate that the Golden Buffalo Shear is a fertile orogenic gold structure and provide initial proof of concept that large scale Abitibi-style mineralization may exist in central Wyoming. ...
Mineralization was consistently found in individual shear strands within the overall 20-meter-wide Golden Buffalo Shear Zone.
Fifty-four percent of holes drilled intersected anomalous (>0.1 g/ton Au) gold mineralization. Orogenic/Abitibi-style alteration was observed in all 26 drill holes. ...
... For the remainder of the announcement:
Toast to a free gold market
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