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Congress can restore the integrity of the dollar
By David Brat and Alexander William Salter
The Hill, Washington
Friday, November 18, 2022
All government agencies try to maximize power and minimize accountability, but the Federal Reserve is in a league of its own.
What began as a quasi-public clearinghouse with the limited function of stopping bank runs has evolved into a monetary-regulatory behemoth. Its sphere of influence has grown despite its failures, of which 40-year-high inflation is the most recent but by no means the worst.
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i-80 Gold Hilltop Discovery Yields Bonanza-Grade CRD Mineralization
Monday, November 14, 2022
RENO, Nevada -- i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) reports results from the first four holes drilled to follow up the recently discovered Hilltop Zone that have confirmed high-grade, polymetallic carbonate replacement deposits at the company's 100%‑owned Ruby Hill property in Eureka County, Nevada.
The discovery hole in the Upper Hilltop Zone returned an impressive 515.3 g/t silver, 28.9 % lead, 10.5 % zinc, and 0.9 g/t gold over 28.3 meters in hole iRH22-43. Results contained in this release are from the first four core holes drilled to follow up this discovery and additional drilling is being completed in both the Upper and Lower Hilltop horizons with assays pending.
Highlight results from recent core drilling in the Upper Horizon at the Hilltop target include:
iRH22-51 -- 33.0 g/t gold, 3,010.0 g/t silver, and 63.5% Pb over 0.6 meters and 3.1 g/t gold, 683.3 g/t silver, and 37.6% lead over 14.6 meters.
iRH22-53 -- 1.9 g/t gold, 631.3 g/t silver, 7.4% zinc, and 33.0% lead over 18.3 meters.
iRH22-54 -- 0.6 g/t gold, 374.1 g/t silver, 3.9% zinc, and 20.2% lead over 20.8 meters.
iRH22-55 -- 60.2 g/t gold, 908.7 g/t silver, 1.1% zinc, and 15.7% lead over 10.0 meters, including 83.2 g/t gold, 1,261 g/t silver, 1.5% zinc, and 22.1% lead over 7 meters.
Owing to this successful drilling at the Hilltop Zone, the program at Ruby Hill has again been expanded to facilitate additional step-out drilling at this target. In addition to the Upper Horizon, drilling is testing the Lower Horizon (assays pending), where the initial hole intersected multiple zones of mineralization including 238.8 g/t silver, 11.0% zinc, and 9.0% lead over 9.4 meters and 469.5 g/t silver, 11.8% zinc, and 18.2% lead over 2.1 meters.
"We believe that the grades of mineralization at Ruby Hill are truly world-class and the Hilltop Zone ranks among the highest-grade new discoveries being drilled anywhere on the planet,” i-80 CEO Ewan Downie said. ...
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Constitutionally, the Fed answers to Congress. It's time for legislators to take back the reins. Three bills recently filed by congressional Republicans -- the Gold Reserve Transparency Act of 2021, the Price Stability Act of 2022, and a yet-to-be titled act, H.R. 9157, linking the dollar to gold -- can bring the Fed to heel.
All Republicans and moderate Democrats should consider them carefully.
We can't afford an out-of-control Fed much longer. America's central bank has blurred the line between fiscal and monetary policy beyond recognition. Washington ran $6 trillion in deficits during the COVID-19 years; the Fed added $3.3 trillion to its balance sheets over the same period. That's more than 50% indirect debt accommodation by monetary policymakers. ...
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