London Metal Exchange to publish gold, silver prices soon, Reuters says

Section:

By Peter Hobson
Reuters
Tuesday, July 25, 2017

LONDON -- The London Metal Exchange will start publishing gold and silver reference prices, the exchange told Reuters today, potentially challenging the dominance of benchmarks administered by Intercontinental Exchange.

Precious metals producers and consumers around the world use benchmarks owned by the London Bullion Market Association to price contracts.

Intercontinental Exchange sets the LBMA Gold Price twice a day via an electronic auction and was selected this month to administer the LBMA Silver Price, defeating a rival bid by the LME.

The LME will publish alternative prices based on trading of its gold and silver futures, launched earlier this month. ...

... For the remainder of the report:

https://www.reuters.com/article/us-lme-precious-benchmark-exclusive-idUS...



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NuLegacy Discovers New Gold Zone


Company Announcement
Tuesday, July 25, 2017

RENO, Nevada -- NuLegacy Gold Corp. reports that it has discovered a material new gold zone in a "wildcat" step-out hole 375 meters (1,200 feet) west of the north zone of the Iceberg gold deposit:

http://nulegacygold.com/i/pdf/GT072117.pdf

Drill hole IN17-03 encountered 125 meters (405 feet) of strongly brecciated jasperoid hosted in the Devonian Horse Canyon formation (an important host for gold in Carlin-type deposits) starting at a depth of 435 feet and extending to 840 feet. Within this formation:

-- 85.4 meters (280 feet) returned assays of 0.64 grams/tonne of gold.

-- This included 50.5 meters (165 feet) of 1.00 grams/tonne gold.

-- This also included 13.7 meters (45 feet) of 2.27 grams/tonne gold.

"This new discovery is hosted in a long interval of the very favorable Horse Canyon formation located in a northwest striking cross-faulted structure, both of which are classic characteristics of the major gold deposits of the Cortez trend, such as the neighboring Goldrush, Cortez Hills, and Pipeline deposits,” said Derick Unger, chief geologist for NuLegacy Gold. ...

... For the remainder of the announcement:

http://nulegacygold.com/s/News.asp?ReportID=797737&_Type=News&_Title=NuL...



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