Hedge funds slash bullish wagers on gold before war jitters
Speculators have reduced net-long positions by 3.6%.
Toronto-based Blue Star Gold Corp. 2019 drill program concentrated on the North Fold Nose at the Hood River property 125 km northwest of Bathurst Inlet.
The company found gold intersections in drill holes HR-19-002 to HR-19-005. HR-19-002 intersected an average 15.37 g/t gold over 5.0 metres, including 1.0 metre of 25.40 g/t and 1.0 metre of 48.70 g/t. Hole HR-19-003 intersected 31.1 g/t gold over 1.0 metre, and HR-19-004 returned an average of 6.93 g/t over 3.0 metres. All assaying was conducted by ALS Global, an independent analytical laboratory.
(This article first appeared in the Canadian Mining Journal)
