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, /PRNewswire/ — Precious metals are naturally occurring elements that are characterized past their high luster. These metals are rare, hard, less reactive and accept high economical value compared to base metals. They are likewise ductile, malleable, resistant to corrosion and skillful conductors of heat and energy. Equally a result, they find applications in the manufacturing of jewelry, consumer electronics, automobiles, chemicals and medical equipment across the earth. Precious metals, such as gold, silver, platinum and palladium, are too used every bit valuable assets for investment purposes. A report from the imarc Group projected that while the global precious metals market place reached a value of
The states$ 192.ix Billion
in 2021 but they expect that the market will reach
US$ 254.3 Billion
past 2027, exhibiting at a CAGR of v.3% during 2022-2027. The report discussed precious metals market trends, saying: “The marketplace is experiencing growth on account of changing lifestyles and inflating dispensable incomes of individuals. Apart from this, due to the ascension environmental concerns, leading marketplace players in different industry verticals are investing in the recycling of precious metals that can further be utilized for manufacturing centre pacemakers and artificial cochlea. Moreover, governments of various countries are implementing stringent emission regulations, which, in plough, is contributing to the market place growth, as these metals are used for purifying exhaust gases in automobiles. However, on business relationship of the rising cases of the coronavirus disease (COVID-nineteen), governments of various countries accept announced complete lockdowns as a preventive mensurate to combat the pandemic. This has disrupted supply chains and halted operations of several manufacturing units, which, in turn, have led to inventory shortages. On the other hand, the investments in precious metals have increased every bit a means to survive the rapidly irresolute market weather.” Active companies in the markets today include:
Regency Silvery Corp.
(OTCQB: RSMXF) (TSX-V: RSMX),
Barrick Gold Corporation
(NYSE: GOLD) (TSX: ABX),
Filo Mining Corp.(OTCQX: FLMMF) (TSX: FIL),
Agnico Eagle Mines Limited
(NYSE: AEM) (TSX: AEM),
Alamos Aureate Inc
.(NYSE:AGI
) (
TSX:AGI).
Another study from the United states of america Golden Bureau said the technical assay has an encouraging general direction for aureate in 2022, saying: “Gold should achieve
$two,700
in 2022, while silver should attain a spot price of
$38. Gold and silver are currently available at considerable discount to fair value and previous highs. A downturn in other sectors of the economy might also initially drag down aureate and silver, but merely temporarily. They both move in a aqueduct relative to money cosmos, which has been running at record levels with no sign of slowing down. Aureate is likely headed towards
$7,500 over the next 4-five years. This matches the commentary of others who take tracked golden for decades, likewise every bit the 8-fold increase of gold seen after the stagflationary flow of 1973-74. (We) believe we volition encounter a portion of these gains manifest in 2022 and continue to be bullish on gold, silver, and platinum at electric current levels.”
Regency Silver Corp.
(OTCQB:RSMXF) (TSXV:RSMX)
BREAKING NEWS: Regency Silver Makes New Gold-Copper-Silvery Discovery at its Dios Padre Project in
Sonora, United mexican states
–
Drills 35.eight metres of 6.84 yard/t gilt, 0.88% copper and 21.82 g/t silvery –
Regency Argent Corp.
(OTCQB-RSMXF) (TSXV- RSMX) (“Regency Silver” or the “Company”) is pleased to denote that its initial drill hole into a pronounced Induced Polarization (IP) anomaly
500 one thousand
northward of the historic Dios Padre silvery mine workings intercepted iv.vii k/t golden over 53.8 metres. The intercept included 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 thousand/t silver, starting at
420 m
depth downwards pigsty forth with 13.97 thousand/t Au, 50.25 g/t Ag and 1.11 % Cu over
nine.eight chiliad
starting at
460.5m
downwardly pigsty. The hole ended in mineralization and was stopped due to the 500 metre maximum capacity of the drill rig existence used.
The goal of the drill campaign at the Dios Padre projection was 2-fold. To exam the cadre of the IP anomaly
500 m
to the due north of the old mine workings and to expand the Dios Padre argent mine mineralization both to the e and to the due west. The drill program was successful on both fronts, intersecting stiff gilded, copper and silver mineralization in the cadre of the IP anomaly too as successfully intersecting silver and gilt mineralization both to the east and westward of the sometime mine workings.
Golden-Copper-Silver mineralization in REG-22-01 is largely breccia hosted, with sulphides (pyrite, chalcopyrite) forming the breccia matrix. The core of the mineralized zone sits within and adjacent to a felsic intrusive body, though mineralization is present both within the felsic unit of measurement as well equally the host andesites. Both stone units are strongly altered to white mica with some silica. Golden and copper values correlate well with increased sulphide abundance, and fibroid visible gold (VG) was found in some of the more aureate-rich areas. The electric current hypothesis is that this zone represents a down-dip extension of the Dios Padre silver mine where we have moved further up the temperature gradient of the system from a Ag-Pb-Zn dominant aggregation in the sometime mine workings, to a Au-Cu dominant assemblage downward-dip. The electric current hypothesis is that this mineralization is driven past magmatic fluids and that the mineralization intersected in REG-22-01 represents a step closer to the magmatic source. Work is ongoing to decide more specifically what type of broad, mineralizing arrangement is present at Dios Padre. Regency is highly encouraged by what these results betoken.
Additional drilling outside of the existing cake model near the one-time argent mine workings intercepted grades as loftier as 582.47 one thousand/t argent over
3.9 m
from
21.1 m
to
25 chiliad
depth in hole REG-22-05, 558.30 thousand/t silver over
five.85 yard
from
38.15 m
to
44 thou
in pigsty REG-22-06 and 420.23 thou/t silver over
3.10 1000
in hole REG-22-09. The sometime silvery mine workings contain an existing NI 43-101 inferred resource of 9.v million ounces of silvery equivalent with an boilerplate argent grade of 236 g/t.(ane.25 million tonnes at a grade of 236 chiliad/t Ag Eq ). Regency is very encouraged that the step-outs all indicate that the system continues both to the due east and the west where it was previously idea to have stopped and currently sees no impediment to continued lateral expansion of the deposit along strike to the east and the westward. Additionally, to the due east, gold values of the easternmost holes are some of the strongest intersected in the mine area with hole REG-22-04 intersecting
17.nine m
of 1.34 g/t Au. The results indicate a more than gold rich zonation in the system towards the eastward.
Regency plans to follow up this successful program with a more thorough airborne and basis geophysical program in addition to farther drilling to aggrandize on the exceptional results from REG-22-01.
Piece of work is ongoing to secure a drill and contractor with a deeper drilling capacity to determine the extent of the mineralization below
500 1000
downhole depth.
Bruce Bragagnolo, Executive Chairman said “The 2022 drill programme was a major success. The drill hole into the prominent IP bibelot proved out our theory that the mineralization at depth would be dissimilar than the silver mineralization found at the historic Dios Padre silvery mine workings. The gold and copper grades beneath the IP anomaly have proven to be at the very top range of our expectations. The drill results outside of the block model at the historic silver mine workings were as well very promising and justify additional work. Our upcoming programs will be designed to verify management’s model of a large, district scale magmatic-hydrothermal gilded-copper-silver system.”
CONTINUED…
Read the Regency Silver full press release by going to: https://regency-silver.com/news/press-releases/
In other news and developments of note in the markets this week:
Barrick Gold Corporation (NYSE: Aureate) (TSX: ABX)
recently released that the Veladero gold mine has reached its 17th anniversary since first gilded in
October 2005
and the visitor remains committed to improving the asset, edifice on potent partnerships with the local customs, and exploring to increase its resources.
At a media conference here today, Barrick president and chief executive
Mark Bristow
said contempo integrated work from the exploration team in the Veladero district has identified four high interest targets that will be tested with drilling campaigns starting in
October 2022.
Also, to continue developing an open up partnership with local communities, Veladero will launch iv new Community Evolution Committees (CDC) in the departments of Iglesia and Jáchal, bringing the total to six, and increasing the frequency of participatory environmental monitoring. The office of the CDC is to allocate the community investment upkeep to projects prioritized by local stakeholders, with each committee made upwardly of a mix of local leaders and a variety of community members.
Filo Mining Corp. (OTCQX: FLMMF)
(TSX: FIL)
recently reported results from hole FSDH067 at the Filo del Sol Project in San Juan, Argentina. This hole was drilled into the Aurora Zone, 100m to the northwest of FSDH058. Highlights and detailed results are shown below along with accompanying figures: View PDF.
DrillholeFSDH067intersected 1,131.6m at 1.xi% CuEq from a depth of 132m, including; The hole ended in strong mineralization at a depth of 1,263.6m – Commenting on the results, Jamie Beck, President, and CEO stated,“Hole 67 builds on our successful drilling within the Aurora Zone and was another critical hole to heighten our understanding of the geology within this zone. The hole bottomed in strong mineralization and was unable to continue as we reached the depth capacity of the drill rig. Nosotros’ve now got rigs on site with the ability to drill much deeper, and 1 of our near-term goals is to try to find the bottom of this amazing deposit. There are five holes currently underway at the project, including hole 64 at 1,373m, while pigsty 62 has just ended at 1,447m.”
Agnico Eagle Mines Limited (NYSE: AEM)
(TSX: AEM)
and Teck Resources Limited (TECK.A) (TECK) (“Teck”) recently appear that Agnico Eagle has agreed to subscribe for a fifty% interest in Minas de San Nicolás, Southward.A.P.I. de C.V. (“MSN”), a wholly-endemic Teck subsidiary which owns the San Nicolás copper-zinc development project located in Zacatecas,
Mexico(the “Transaction”). Equally a result of the Transaction, Teck and Agnico Eagle will become 50/fifty joint venture partners at San Nicolás.
“San Nicolás is a loftier-quality project, located in a leading mining jurisdiction, with loftier grades, extremely competitive capital intensity, and first quartile costs,” said Don Lindsay, President and CEO of Teck. “The opportunity to add together the operating and evolution experience of Agnico Eagle should generate substantial benefits for the project including for all stakeholders throughout the projection life bike.”
Alamos Golden Inc.(NYSE:AGI
) (TSX:AGI)
plans to release its 3rd quarter 2022 financial results after market close on
Wednesday, October 26, 2022. Senior direction will host a conference call on
Thursday, October 27, 2022
at
10:00 am ET
to talk over the results.
Participants may join the conference call via webcast or through the following dial-in numbers:
Toronto
and International (416) 340-2217; Toll free (Canada
and US (800) 806-5484; Participant passcode 2437684# and Webcast www.alamosgold.com
A playback will be available until
Nov 27, 2022
by dialling (905) 694-9451 or (800) 408-3053 within
Canada
and
the United States. The pass code is 4259298#. The webcast will be archived at www.alamosgold.com.
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twenty v hundred dollars
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