The new mineralization is located 200 metre to the southwest of the 144 Gap Zone and is defined by five holes covering 125 metre of strike length approximately 800 metre below surface and close to the elevation of the new exploration drift being developed from Thunder Creek.
These bonds will be issued in 2, 5, 10 grams of gold or other denominations; the tenor could be for a minimum of 5-7 years so that it would protect investors from medium-term volatility in gold prices.
If the US continues to delay the interest rate hike, while major economies such as Japan and the Eurozone continue with their unconventional monetary policy (UMP), the price of gold could creep up and range from $1,300/oz to $1,350/oz in FY16.
When buying precious metals for investment, paying huge premiums over melt value rarely pays off. Plain and ordinary bullion beats fancy and "rare" coins. Graded numismatics, "proof" finishes, and other heavily marked-up alternatives to common bullion products leave you with less actual metal to show for your investment.
The agreement will oversee the bilateral exchange of information and data about market and industry trends, jointly promoting and supporting Belgian and Chinese diamond trade and investments as well as developing marketing initiatives to drive the sale of diamonds and diamond jewellery.
Although gold prices managed to pop above $1,200 an ounce on Monday, British bank Barclays remained bearish on the yellow metal. The most active August gold contract on the COMEX division of the New York Mercantile Exchange was last trade slightly down $0.40 an ounce at $ 1,189.40 an ounce on Monday.
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