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.
Montreal-based Sirios Resources is enjoying bonanza gold grades from drilling at its Cheechoo property in the Eeyou Istchee James Bay region.
Vein 112 yielded the highest grade in hole CH19-240: 25.5 g/t gold over 6.8 metres, including 187.0 g/t over 0.8 metre. Hole CH19-245 returned 18.9 g/t over 1.0 metres.
Again hole CH19-245 in the Jordi zone returned 106.0 g/t gold over 1.3 metre. When CH19-240 hit this zone, it returned 26.7 g/t over 1.2 metre.
(This article first appeared in the Canadian Mining Journal)
