GR Silver Mining – Recapping the 10,777g/t AgEq drill result at the Plomosa Project and move towards a resource estimate
Marcio Fonseca, President and CEO of GR Silver Mining (TSX.V:GRSL – OTCQB:GRSLF) joins us to recap the recent high-grade silver drill results from the San Juan Area on the Plomosas Silver Project. The highest grade result yielded 10,744g/t AgEq over 0.65meters. We have Marcio discuss the results int he big picture of a resource estimate that is expected in the near term. We also overview the drill program that is focused on building ounces and making new discoveries.
Pleas email us with any follow up questions for Marcio. Our emails are Fleck@kereport.com or Shad@kereport.com.
Click here to read over the full news release focused on the recent high-grade drill results.
Is that a lot of silver or not……… 🙂
Yes!
Some of the Silver miners are a WASTE OF TIME……..
And some of the Silver miners give investors solid gains so that they can have the luxury of wasting time…. 😉
There are always many shades of grey…. (or silver)
Ha……good one… 🙂
Gold get a little hammered today…… NO BIG DEAL……
Paper sackers,……. June 28 …. a day closer… 🙂
an excerpt from the Adrian Day piece linked above about what is coming on June 28th:
“Here comes Basel III”
“Another major factor potentially contributing to higher gold prices the last few months has been buying from banks ahead of the implementation of the Basel III rules. We do not need to go into all the details of the new Net Stable Funding Requirement (NSFR) rules under Basel III, which come into force in Europe and the U.S. at the end of June (and the U.K. Jan. 1). In essence, the rules make changes to what assets are included in both the asset and liability side of the ledger. Physical gold moves to a Tier 1 asset, counted at 100% of value in calculating reserves. In and of itself, that would be a positive since banks could hold gold without a disadvantage over Treasuries and other assets.”
“Paper gold, as well as unallocated gold, now have a zero value, meaning that they cannot be used as a source of bank funding. Thus, the difference in valuation for physical and paper gold has been widened substantially, giving banks an incentive to buy physical. (Moving unallocated gold to allocated does not help the banks, since allocated gold is not a bank asset.)”
It is all probably tied to the fake world of the Fed and the need for the member banks to stroke Fed Members. Banks probably afraid of being cut off from free money.
Next week Fed Week…all hail the Fed.
Yes, next Tue/Wed is more fedbabble. We’ll see how the markets react. Often there is a head-fake move around the initial comments, or some whipsawing, but ultimately it is less important what they say, and far more important if they change any key policies around their bond purchases or “thinking about thinking of tapering” and what they do with rates (tightening/loosening).
Adrian Day recently had some good comments on the Fed and Inflation and they were posted on the Gold Mountain blog today for anyone interested in getting his take on things.
Great job Mr Fonseca.