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ICE expands London gold contract ahead of LME's rival offering
Kenadyr Announces Partial Drill Results at the South Zone:
Intersects 40 Meters at 6.17 Grams of Gold per Ton
Company Announcement
Friday, May 25, 2017
VANCOUVER, British Columbia, Canada -- Kenadyr Mining (Holdings) Corp. (TSX Venture: KEN, OTCQB: KNDYF, Frankfurt: KM0) announces that drilling at the South Zone of Kenadyr's fully owned Borubai License in the Kyrgyz Republic has intersected widespread gold mineralization including 40 meters at 6.17 grams per ton.
The South Zone is directly adjacent to Zijin Mining Group Co. Ltd.'s Taldy Bulak Levoberejnyi ("TBL") Mine deposit, currently in production.
Initial drilling was designed to intersect an area drilled by the Soviets between 1970 and 1990 that intersected significant gold mineralization. The current drill hole provides support for the validity of the historic Soviet results and indicates that widespread gold mineralization may exist on Kenadyr's license directly adjacent to (within 100 meters of) the TBL mine.
The South Zone is open in three directions and to depth and there are strong indications that it connects to the TBL deposit. Core recovery is greater than 95 percent and all intervals have been assayed using fire assay methods at an internationally accredited laboratory (ALS Global). ...
For the remainder of the announcement:
http://kenadyr.com/kenadyr-announces-partial-drill-results-from-drill-ho...
By Peter Hobson
Reuters
Wednesday, June 7, 2017
Intercontinental Exchange has substantially expanded the range of dates that its London gold futures contract can be traded, as it seeks to beat rival exchanges to gain a foothold in the city's $5 trillion-a-year bullion market.
ICE said that from May 22 its daily futures contract could be traded on dates up to three months into the future. Previously it could be traded only two days ahead of settlement.
"This extension of the trading curve will provide the ability to trade a Gold Daily futures contract pricing delivery on each Eligible Contract Date three calendar months into the future," the exchange said in a market notice. ...
... For the remainder of the report:
https://www.reuters.com/article/us-gold-trading-ice-idUSKBN18Y25N
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