John Kim: Bullion banks recover some metal but still face big delivery demands

Section:

10:30a ET Saturday, October 10, 2020

Dear Friend of GATA and Gold:

Market analyst John S. Kim reports this week that major bullion banks have used recent smashes in gold futures prices to recover some of their losses of physical gold from their house accounts but are still struggling against big demands for delivery of real metal. Kim's analysis is headlined "CME Data Reveals that Big Bullion Banks Have Clawed Back Considerable Physical Gold and Silver Losses in Recent Months" and it's posted at his internet site, Maalamalama.com, here:

https://maalamalama.com/wordpress/bullion-banks-have-clawed-back-conside...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System

Company Announcement via Globe Newswire
Thursday, July 2, 2020

VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.

The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:

http://www.asantegold.com/assets/Video/SEMSpitMagSmthCore.mp4

In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...

... For the remainder of the announcement:

https://www.globenewswire.com/news-release/2020/07/02/2056982/0/en/Asant...


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