The gold price weathered an attempt to take the price lower, bottoming at $1494 on a December contract futures basis before shooting higher after the London a.m. price fix and closing the day trading on Tuesday at $1510. We have new drill results and exploration news today from Gold Standard Ventures, Crystal Lake Mining, SilverCrest, Pure Gold, and Wallbridge Mining.
Read MoreThe price of gold crashed through its 50 day moving average to close Monday at $1472, futures basis. Silver also plunged below its 50 day moving average to close at $17 even. Liberty Gold shared some new drilling results this morning from its Black Pine project in southern Idaho. Pure Gold Mining says ongoing drilling along the Madsen Red Lake Mine Trend has added 530 metres of mineralized strike length to the Wedge Zone, expanding the deposit footprint by 85% and continuing the rapid progression of this zone. Eastmain Resources, Azimut Exploration and Newmont Goldcorp shared results from 26 drill holes completed during the late fall of 2018 and winter 2019 drilling program at the Éléonore South Joint Venture property. Contact Gold announced that it optioned its Cobb Creek gold project in Nevada's Cortez Trend to Fremont Gold.
Read MoreRugby Mining says it has intersected a gold-copper porphyry below mine workings at the Motherlode Gold-Copper Project in the Philippines. Amex Exploration reported results from drilling at the Gratien Gold Zone on its Perron property in northwestern Quebec. Ascot Mining also shared new drill results this morning.
We also air interviews with Paul West-Sells of Western Copper and Gold as he gives updates on latest drilling happening at Casino. Michael Byron of Nighthawk Gold also discusses latest catalysts for Colomac.
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