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TF Metals Report: Bullion banks are prepared for rallies in gold and silver
9:25a Tuesday, July 25, 2017
Dear Friend of GATA and Gold:
Trader positioning data for the New York gold and silver markets suggests that the bullion banks are prepared for rallies in both the monetary metals, the TF Metals Report says. The analysis is headlined "More Commitment of Traders Perspective" and it's posted here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
NuLegacy Discovers New Gold Zone
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:
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:
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