Swiss gold exports down 7% on year to 160 metric tonnes in August, four-month low


By George King Cassell
Platt's, London
Tuesday, September 20, 2016

Gold exports from Switzerland totaled 160 metric tonnes in August, down 7 percent from 172 metric tonnes a year earlier, Swiss federal customs data showed today.

The figure is 17 percent lower than 192 metric tonnes in July, the largest flow out of the country this year. August is also the lowest monthly export total since April.

Switzerland is the world's largest refiner and exporter of gold and total exports from the country now stand at 1,197 metric tonnes for the year to date, up 3 percent from 1,160 metric tonnes in the same period of 2015.

In a marked change from the traditional flow of physical gold from west to east, the UK continues to be the largest destination for Switzerland's gold this year at 84.6 metric tonnes in August, up 6 percent from July. ...

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Gold Standard Continues to Expand North Dark Star High-Grade Deposit

Company Announcement
Wednesday, September 14, 2016

VANCOUVER, British Columbia, Canada -- Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT:GSV) today announced assay results from two holes, DS16-21 and DS16-04, at the recently discovered North Dark Star oxide gold deposit on its fully-owned and controlled Railroad-Pinion Project in Nevada’s Carlin Trend. Results from DS16-21 have increased the width of the deposit and, more importantly, have confirmed that higher-grade oxide mineralization projects up-dip to more shallow depths to the east of DS16-08.

The primary objective of this year's drill program at North Dark Star was to expand the high-grade zone discovered in core hole DS15-13 (15.4 meters of 1.85 gold grams per tonne and 97 meters of 1.61 gold grams per tonne) at the end of last year's drill program. ...

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