Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
“… in the commodities market, gold and silver prices soared on strong investors demand.
The rally has been supported by a rush of demand for coins and small bars from European investors, particularly in Germany, where there are fears of inflaion in the wake of the €750bn eurozone bail-out agreed on Sunday night.
Spot gold hit a fresh all-time high of $1,224.70 a troy ounce, up 1 per cent on the day. Silver jumped 1.8 per cent to $19.61 an ounce, its highest since March 2008.”
Source: Financial Times, May 13 2010
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