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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Gold support level

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gouldigger

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Gold support level

posted on Oct 27, 08 11:24AM

Given the economy where it is now gold price of $690 - $740 is sustainable and will not go down further in my opinion. However the dollar getting devalued against other currencies is possible early next year or even closer to the end of this year. In that case Gold prices may increase further.