Gold and gold stocks finished the week strong with excellent one-week performances. This was driven by a fall in the 10yr treasury yield and the technical picture. Earnings season kicked into high gear this week.......
“We are prioritizing Scarlet with the upcoming drill campaign looking to delineate enough mineralization to advance the project towards a production decision."
Gold has broken its downtrend after breaking through the $1,750-$1,760/oz. level with follow-through this week. Silver also broke out of a short-term downtrend when it broke $26/oz. and is currently hovering right around that level.
3,000 m reverse circulation program is designed to step along strike and down dip from the Phase 1 drill intercepts to expand the shallow, broad, bulk tonnage gold-silver mineralization discovered.
"With the surplus capacity at our Libertad mill we are now turning our attention to EBP, which represents an excellent opportunity to develop another new high-grade ‘Mining Spoke’, delivering potential lower cost production increases and extending processing life at Libertad.”
