Duane Poliquin, Chairman of Almaden, stated “Almaden has a demonstrable and long-standing commitment to conducting its business in a manner which promotes the quality of life of local people. However, as the Ixtaca project advances, so does its potential to impact human rights both directly and indirectly.”
After a declining US $42 Friday at US $1764, on Sunday approximately 24,000 gold futures contracts with a notional value of approximately US $4 billion were sold in what was predictably a very thin market, filling every bid down to US $1677 and, in doing so, gold’s price reached last March and April’s double bottom before rebounding US $76 to $1753.
“Newfoundland offers a favorable regulatory environment, supportive communities, outstanding provincial geological survey, near year-round operating conditions, excellent property access and of principal importance, significant potential for new deposits as indicated by the number and quality of recent successful exploration projects,” said Greg Davison, Silver Spruce VP Exploration and Director.
Mr. Hawley continues: “As assay results from this new gold domain system are received, we are refining the interpretation of structural controls as seen in Figure 1, which is an isopac contour of gold grade multiplied by thickness.”
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