30-Year Treasury Yields Fall to Record Low, Precious Metals look Gain

Trevor [00:00:00] Treasury yields and the U.S. fall to a new record low on growing concern about the fallout from a bitter global trade conflict. Precious metals and the miners look to gain on the news. We'll chat this morning's most important mining stock news here on Mining Stock Daily.

[00:00:19] Good morning everybody. Welcome to Mining Stock Daily. This is Trevor Hall and today is Wednesday the 28th. I hope you are doing well. Thank you so much for tuning in.

[00:00:27] The price of gold jumped again during the morning trading in the U.S. to close over one thousand five hundred fifty dollars per ounce on front month futures basis while silver soared nearly 3 percent to close solidly over eighteen dollars. The Mining Stock Journal attributed the move in the precious metals to a collapsing Treasury yield curve and increasing real negative interest rates. Real negative interest rates acts like rocket fuel on the precious metals sector and this morning the premium on two year Treasury yields over 10 year yields was at 6.2 basis points, a level not seen since 2007. And the 30 year Treasury yield fell to a record low of 1.906%.

[00:01:10] Today's briefing is brought to you by Pacific Empire Minerals.

[00:01:13] Pacific Empire a junior exploration company focused on the discovery of gold rich copper deposits in British Columbia, Canada. Pacific empire trades on the TSX Venture Exchange under the symbol PMC and on the OTCQB markets under the symbol PEMSF. The company currently has a very tight share structure. Pacific empires unique approach to the prospect generator business model incorporates the company's own reverce circulation drill to advanced projects beyond that of typical prospect generators. More information on Pacific empire can be found at PEMCorp.ca.

[00:01:50] Here's what you need to know today. Under the junior resource sector.

[00:01:53] SilverCrest released results from 33 drill holes this morning from infill and expansion drilling at the Bobi Sur vein at the Las Chispas project in Sonora Mexico. The company says that the original PEA for the bobbies surveyed defined the average vein width as .95 metres and a cut diluted grade of 575 grams per tonne silver equivalent. In the news this morning the drill holes have a weighted average true width of 2.3 Metres grading 5.34 grams per tonne silver equivalent with whole intercepts distributed along the same estimated mineralized length as presented in the PEA. Furthermore SilverCrest believes the infill drilling also suggests better continuity between the discrete zones delineated in the most recent resource estimate with potential to reduce the required underground development to access these areas in the vein along with establishing further high grade mineralization intersected to depth and down plunge. One highlight from this morning's results was 3.1 Metres grading 8.51 Grams per tonne gold and 716.6 Grams per tonne silver for a 1375 grams per tonne silver equivalent. SilverCrest trades on the Toronto Venture Exchange with SIL and non NYSE American with SILV.

[00:03:14] GoGold resources released as the results from three new diamond drill holes at the Los Rico's main area and seven core holes drilled on the Cerro Colorado cup target located fifteen hundred meters to the southeast of the main area. The project is located in Jalisco, Mexico. Gogold says one drill hole intersected the Los Rico's vein and averaged 2.99 Grams per ton gold equivalent made up of 1.2 Grams per tonne gold and 133.5 Grams four tonnes silver over 27.5 Metres. The company says the next phase of their work will be to continue testing the target to look at a high grade or shoot in the zone similar to the one mined at the historical Las Rico's mine. Gogold trades on the TSX with GGD. And on the OTC markets with GGLDF.

[00:04:05] Yesterday Westhaven reported drove results from its ongoing drill campaign at its Shovelnose gold property located within the perspective Spence's Bridge gold belt in British Columbia. West Haven says it has discovered a third vein in Zone A Shovelnose which contains high grade gold and silver. The new zone lies below and to the northeast of the second vein zone occurring 20 to 60 metres down section. You can read the full list of results on the Westhaven website but we will highlight one hole which after passing both the first and second vein zones and returning nice grades through those sections hit the third vein zone and returned 17.1 Metres of 9.42 Grams per tonne gold and 69.36 Grams per tonne Silver. Shares of Westhaven gained just over 13 percent yesterday on the news. Westhaven trades on the TSX Venture Exchange with W H. And on the OTC markets in the US with WTHVF.

[00:05:09] That concludes today's briefing we'll connect again tomorrow. Please remember you can find mining stock daily on the. Dozen different networks including iTunes, Spotify and Google Play. And for Amazon Alexa users be sure to enable the mining stock daily flash briefing on your user app or within the Amazon Web site. And if you to mind to take a moment to please provide a review of the show on the network or service you use to utilize the catch the daily rundown of mining news.

[00:05:36] Your feedback is always greatly appreciated. That's it for me today. Have a wonderful day and we'll be back again tomorrow with tomorrow's news below. Mining stock and its affiliates are not responsible for any loss arising from an investment decision in connection with material presented here in.