Vulture In Review

Wednesday, August 27, 2014

Fortuna Silver Reports Updated Mineral Resource Estimate for San Jose Mine in Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2014) - Fortuna Silver Mines Inc. (NYSE:FSM)(TSX:FVI)(BVLAC:FVI)(FRANKFURT:F4S) is pleased to announce an updated Mineral Resource estimate as of June 30, 2014 for the San Jose Mine located in Oaxaca, Mexico. Included in the San Jose mineral resources is an updated estimate of the Mineral Resource for the Trinidad North discovery based on the completion of forty-one additional step-out and twelve infill drill holes in the Trinidad North area. Highlights of Mineral Resource Update Measured and Indicated Resources total 5.8 Mt containing an estimated 42.3 Moz silver and 334 koz gold, reflecting increases of 42 percent in contained

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CNBC - This central bank may be calling bond yields for now

Leslie Shaffer reports for CNBC. Market-watchers are parsing the Federal Reserves every word for clues about where bond yields are headed, but the European Central Bank (ECB) may be in the drivers seat. Monetary policy development in the euro zone remains a critical factor in projecting the forward path of global long-term bond yields, especially since quantitative easing appears forthcoming, DBS said in a note Wednesday. It noted that global 10-year government bond yields have largely trended downward this year, with the biggest declines coming from euro zone economies. Even as the market expects U.S. [interest rate] hikes to draw closer, the decline

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Tuesday, August 26, 2014

GATA - State Department agrees to try looking for gold records again

Please support GATA and consider the message contained in the link just below. Thank you. State Department agrees to try looking for gold records again... GATA http://www.gata.org/node/14375

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Macleod - SCO and Mackinder’s Prophecy

Alisdair Macleod writes for GoldMoney.com. He begins:There will be a defining geopolitical event next month when India, Pakistan, Iran and Mongolia become full members of the Shanghai Cooperation Organisation (SCO). This will increase the population of SCO members to an estimated 3.05 billion. We should care about this because it is the intention of the SCO to do away with the US dollar for trade settlement.

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ATAC Resources Intersects 30.79 m of 9.50 g/t Gold at Conrad, Rackla Gold Project-Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2014) - ATAC Resources Ltd. (ATAC) (TSX VENTURE:ATC) is pleased to announce initial results from its ongoing 2014 exploration program. The following results are from drilling and surface work at the Conrad, Sunrise and Anubis Zones, all located within the Nadaleen Trend at the eastern end of ATACs 100% owned 1,700 sq/km Rackla Gold Project in central Yukon.

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Third Drill Rig Arrives in French Guiana for Drilling at Columbus Gold's Paul Isnard Project

VANCOUVER, BRITISH COLUMBIA, Aug 26, 2014 (Marketwired via COMTEX) -- Columbus Gold Corporation (CGT) (Columbus Gold) is pleased to report that a third drill rig has arrived in French Guiana and cleared customs. The rig is being mobilized to Columbus Golds Montagne dOr gold deposit, Paul Isnard Project, and is expected to commence operating on a 24 hour basis in due course. There are approximately 15,000 metres remaining in the current Phase II program, which on deployment of the third drill rig is scheduled to be completed this fall. Utilizing a cut-off grade of 0.4 g/t gold, the Montagne dOr gold deposit hosts

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Banks Island Gold Ltd. Provides Update on Commissioning of Grinding and Flotation Circuits

Production of Flotation Concentrate commenced at Yellow Giant - Gold Recovery currently estimated at +90%. - Current mill throughput at 100tpd with plans to increase to 200tpd over coming weeks...

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Asanko Gold Eliminates 2% NSR Royalty

Vancouver, British Columbia, August 26, 2014 -- Asanko Gold Inc. (Asanko or the Company) (TSX, NYSE MKT: AKG) announces that it has entered into a settlement agreement (Agreement) with a private Ghanaian company, Goknet Mining Company (Goknet), to eliminate Goknets claim for a 2% net smelter return (NSR) royalty on Phase 1 of the Companys flagship Asanko Gold Mine Project (AGM or the Project).

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UPDATE 1-U.S. court scraps order to seize Kurdish crude from tanker near Texas

Terry WadeandAnna Driverwriting for Reuters: Aug 25 (Reuters) - A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdishcrude oilfrom a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse.

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Monday, August 25, 2014

Up One More Notch on the Bid for Millrock

Up One More Notch on the Bid for Millrock, as shown,(until we max out on shares). Sellers have dried up and shares have become a little more precious.

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Kamikaze Seller on Goldquest hits our Stinker Bid

A large freaky seller shows on GoldQuest (GQC.V) and ends up selling into our $0.20 stinker this Monday. So far the seller has dumped 341K shares as of 15:30 through Anon, House 001. We took our share of the spoils as shown. Of course everyone should study the issues carefully and decide for themselves if they even want a piece of GQC!

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CIBC Confirms Pretivm's Resources, Reserves Estimates At Brucejack

Alex Létourneau reports for Kitco News. On a recent site visit to Pretivm Resources Inc.’s (TSX:PVG) Brucejack project in British Columbia, analysts from Canadian bank CIBC say they liked what they saw and that estimates are in line with Pretivm’s reporting. “Overall, we came away confident from the trip from the standpoint that the underground review of veining and mineralization appeared to largely confirm the interpretations made by Pretivm in its resource/reserve estimates,” they say.

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Ampio Pharma (AMPE) Addresses Common Concerns of STEP Study, Ampion Plans

(Another hopeful drug company working on a drug for the relief of OA. Whereas Intermune is victorious today, Ampion has stubbed its toe with botched shipping of the drug used in a trial. It calls to mind the opening of the old TV showABCs Wide World of Sports ... The Thrill of Victory ... and the Agony of Defeat.) Ampio Pharma (NYSE: AMPE) is issuing this response to the most commonly asked questions in regards to the STEP study and clarify its plan for moving forward with Ampion for osteoarthritis of the knee.

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New PEA for Paramount Gold’s San Miguel Project Confirms Robust Combination of Heap Leaching and Milling

Low Initial Capital of $69 Million and Low Operating Costs Generate Exceptional Economics Quick Payback of Initial Capital in 3rd Year of Production Estimated Average Annual Production of 55,000 ozs. Gold and 2.8 Million ozs. Silver for 17 Years Estimated Base Case Pre-Tax NPV of US$472.6 Million at a 5% Discount Rate and IRR of 23.2% August 25, 2014 - Paramount Gold and Silver Corp. (NYSE/TSX:PZG) (Frankfurt: P6G WKN:A0HGKQ) (Paramount) announced today the results of a Preliminary Economic Assessment (PEA) for its 100%-owned San Miguel gold and silver project located in Chihuahua State, Mexico. The PEA was prepared by Metal Mining Consultants Inc.

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Roche Holding Agrees to Buy InterMune for $8.3 Billion

(Note: Of particular interest to people suffering from Pulmonary Fibrosis or PF, especially Idiopathic Pulmonary Fibrosis or IPF.) Michelle Fay Cortez and Phil Serafino report for Bloomberg.Roche Holding AG (ROG) agreed to buy InterMune Inc. (ITMN) for about $8.3 billion in cash, gaining access to what may be the first drug in the U.S. for a lung disease that can be fatal within five years of diagnosis.

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The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

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