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James Turk: Gold mining stocks are still cheap
8:39p ET Tuesday, November 9, 2010
Dear Friend of GATA and Gold (and Silver):
GoldMoney founder and GATA consultant James Turk, editor of the Freemarket Gold & Money Report, writes today that gold mining stocks remain cheap relative to gold and thus present good value despite their recent rally. Turk's commentary can be found at the Freemarket Gold & Money Report Internet site here:
http://www.fgmr.com/gold-mining-stocks-are-still-cheap.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
The GoldMoney Standard: Ultrasound Technology Validates Gold Bars
To further assure the quality and security of customer assets, GoldMoney has begun using ultrasound technology developed by GE Inspection Technologies to test for foreign material and defects within the gold bars its stores for customers. It is the same technology used to assure personal safety in the medical and aviation industries. Any bar that fails the ultrasound test is melted, assayed, and then recast into a new bar. GoldMoney has its gold bars audited independently and then makes the reports available to its customers. This is the GoldMoney Standard. To demonstrate the gold bar scanner in use at GoldMoney, the company has produced the four-minute video available here:
http://goldmoney.com/gold-testing
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Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit,
Extending the Mineralization of the Southwest Vein on the Property
Company Press Release, October 27, 2010
VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:
-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.
-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.
-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.
Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface. "The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."
For the company's full press release, please visit:
