Hedge funds slash bullish wagers on gold over Trump election win
The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.
The exploration team of Great Bear Resources has won the Bernie Schnieders Discovery of the Year Award for finding high grade gold zones at its Dixie property near Red Lake, Ontario, Canada.
The company recently drilled its Dixie Hinge zone, intersecting 30.15 g/t gold over 7.3 metres, 130.49 g/t over 1.5 metres, 11.72 g/t over 4.0 metres and 50.72 g/t over 0.5 metre in a single hole.
The award was presented by the Northwestern Ontario Prospectors Association on April 2 at the 2019 Ontario Prospectors Exploration Showcase annual banquet in the northern Ontario city.
Great Bear president and CEO Chris Taylor thanked the NWOPA for the honor, as well as support from the mining industry, and partial funding from the Ontario Prospector Association’s junior exploration assistance program.
(This article first appeared in the Canadian Mining Journal)
