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Castle Silver Resources Inc. (TSXV:CSR) (the Company or CSR) is pleased to announce that chip sampling from the back of a quartz-carbonate vein on the first level of the Company's 100%-owned Castle mine near Gowganda, Ontario, has confirmed the presence of high-grade cobalt and nickel. This is significant as previous mine operators, from the early 1900's to 1990, only assayed for silver in their exclusive focus on exceptionally high-grade silver production. Highlights of the first five chip sample results, all strongly mineralized, are as follows: 1.8% cobalt, 8.6% nickel and 25.2 g/t silver (CSR-17-S03) 1.6% cobalt, 7.6% nickel and 32 [...]

Pension Funds, Sovereign Wealth Funds and Central Banks Stock Up on Gold Amid Uncertainty By Attracta Mooney Financial Times, London Sunday, June 11, 2017 The gold reserves of the world's biggest public sector investors reached an 18-year high as they hoarded the precious metal after Donald Trump's election and the Brexit vote added to geopolitical uncertainty. State investors increased their net gold holdings by 377 tonnes to an estimated 31,000 tonnes last year - the highest level since 1999, according to a study of 750 central banks, public pension plans and sovereign wealth funds with $33.5 trillion in assets. Danae [...]

by Alex Rosenberg of CNBC Gold just hit its highest level since election night, and some see more upside ahead for the precious metal. Gold experienced a textbook breakout from a symmetrical triangle or wedge, Rich Ross, technical analyst with Evercore ISI, said Tuesday on CNBC's Power Lunch. That's quite bullish, Ross added. He also pointed out that gold's 50-day moving average has broken above its 200-day moving average, which is commonly seen as a sign of accelerating momentum. Meanwhile, on a longer-term chart of gold, Ross notes a reverse head-and-shoulders bottom, which is made up of a low, a [...]

Gold in pounds rises 1.5% from 986/oz to 1,001/oz after shock UK election result Gold reaches 7 week high and surges 6% in the last 30 days from 942/oz to 1,001/oz Gold in pounds 1 month Very robust gold sales experienced by gold brokers, including GoldCore, in the UK this week and today May's ruling Conservative party loses overall majority and prospect of hungU.K. parliament PM May vulnerable from within Tory Party and Corbyn has called for her to resign Corbyn and Labour party on the rise which may pose risks to vulnerable London property market and UK economy as [...]

The gold price fell for a third day on Friday (June 9) after nearing $1,300 per ounce earlier in the week.Unexpected UK election resultsknocked the pound and lifted the dollar index to its highest level since May. A lot of the financial markets haven't moved as much as you might have thought, Oxford Economics analyst Daniel Smith told Reuters. The dollar's a little bit stronger, and that's going to weigh on gold, he added. It's not just about risk appetite, it's about what people are thinking on the dollar. The UK election failed to deliver a clear majority for Prime [...]

In a show of just how powerful and bold the modern world coin market has become, the Perth Mint of Australia has release a 3-coin trilogy made of precious metals and rare Argyle pink diamonds for the astonishing price of $1.8 Million Australian dollars (~US$1.36 Million). The press release is published below, but the interesting storyhere lies is what exactly this experimental release means for the world-wide coin market as a whole. Each coin is struck from one-kilogram (35.274 ounces). One each in Gold, Platinum and Rose gold featuring a Kookaburra, Kangaroo and Koala, respectively. It's an interestingexperiment and we [...]

Defiance Silver (Defiance) is pleased to announce the results of the first drill hole from its ongoing drill program at the San Acacio Silver Project, located in Zacatecas, Mexico. The drill hole targeted the Esperanza Zone and successfully intersected high grade silver over a width of 27.03 meters of hydrothermal breccia and veins assaying 202.99 g/t AgEq. This hole has extended known mineralization to over 85 metres below the current resource. Bruce Winfield, President and CEO of Defiance Silver, said: We are excited that the recently announced drill program has already returned one of the widest intercepts ever drilled at [...]

Gold Prices Steady On UK Election Risk; ECB and Geopolitical Risk by Reuters * Gold prices could see strong intraday volatility analyst * UK election, Ex-FBI director testimony, ECB meeting set for later in the day * Downside for gold is limited (especially in sterling) Gold held steady on Thursday as investors awaited cues on market direction amid a number of geopolitical events later in the day that could boost the safe-haven demand for the metal. Gold prices in UK sterling Polling has started in the UK national elections, while the European Central Bank (ECB) may discuss dropping additional stimulus [...]

Gold prices break 6 year down trend on safe haven demand (see charts) Chinese gold demand set to surge 50% to 1,000 metric tonnes Chinese demand for gold bars on track to surge more than 60 percent in 2017 Geopolitical risk internationally leading to safe haven demand UK election, terrorism and rising tensions in Middle East supporting gold after attacks in London and attacks in Iran today Gold is 12.5% higher for year and outperforming stocks (see table) Gold prices have broken out above the six year long downtrend (see charts) due to a 50% surge in Chinese demand and [...]

New Pacific (New Pacific or the Company) (NUX) today provided an update on its plans to acquire 100% of a private Bolivian mining company.The Company on April 10, 2017 announced it had signed a binding share purchase agreement dated March 28, 2017 (the Agreement) to acquire a 100% interest in Empresa Minera Alcira, (Alcira). As per the Agreement, the Company has been actively carrying out a confirmation drilling program in Bolivia to twin three drill holes drilled by Alcira in the past on its Silver Sand property. Assay results from the confirmation drilling program are still pending. The Company has [...]