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South Africa's Business Report notes GATA's work at CFTC
8:53a ET Wednesday, April 21, 2010
Dear Friend of GATA and Gold (and Silver):
In an essay published today in Business Report in Johannesburg, South Africa, financial journalist and radio talk show host David Gleason writes about GATA's work at the March 25 hearing of the U.S. Commodity Futures Trading Commission and about the precious metals price suppression scheme generally. Gleason's essay is headlined "Conspiracy Watch: It Is a Load of Bullion that Market Forces Set the Price of Gold" and you can find it at Business Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Private Placement Offering for Silver Phoenix Resources Inc.
Each flow-through unit consists of one common share in the capital of the corporation (a "flow-through share") and half of one non-flow-through common share purchase warrant (a "warrant"). Each whole warrant shall entitle the holder to acquire one non-flow-through common share in the capital of the corporation (a "warrant share") until 5 p.m. Vancouver time on the date 24 months following the closing date (as defined herein) at a price of $0.70.
The proceeds raised from the offering will be used for general exploration and to drill the 100-percent-owned River Jordan Property. This historic property hosts the King Fissure [aka River Jordan] lead, zinc, and silver deposit.
Following a comprehensive field program in 1991, a structural re-interpretation of the complex folds hosting the King fissure deposit resulted in a major increase in potential mineralization to 20 million tonnes of 7.5 percent lead, 7.5 percent zinc, and 100 g/t silver [Laird and Clark, 1991]. The estimated tonnage of the light rare earth and niobium-bearing extrusive carbonatite unit is on the order of 33,750,000 tonnes, with no ore grade currently established. This historical estimate predates National Instrument 43-101 legislation.
Interested parties can contact:
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