Hedge funds slash bullish wagers on gold over Trump election win
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
Go Metals Corp. of Vancouver is pleased with the latest results from its Monster iron ore-copper-gold (IOCG) property in the Dawson district of Canada’s Yukon territory. Ninety grab samples have been analyzed, and the best copper sample was 22.3%.
Not every sample ran so high. Copper grades averaged 1.1% (which is still very good) and ranged up. Cobalt grades averaged 0.08% and the highest assay was 1.5%. Silver grades averaged 3 g/t and ran as high as 52 g/t. The gold grade averaged 0.03 g/t with the highest only 0.5 g/t gold.
The 90 samples were collected around the Arena, Bloom and Beast targets. Mineralization is associated with increased hematite and chlorite alteration.
Go Metals also discovered at least 10 new surface showings this summer.
(This article first appeared in the Canadian Mining Journal)
2 Comments
Scott Sheldon
You used a picture of Prominent Hill Mine in the article.
Amanda Stutt
Image updated- thank you Scott!