Emerging producer of Gold and Silver in Mexico

Property hosts Inferred mineral resources of 225,750 tonnes of tailings with a grade of 2.0 g/t gold and 220 g/t of silver.

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AGORACOM News Flash

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 - PMs - METALS

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GOLD - PMs - METALS

posted on Jun 29, 09 10:05AM

LONDON - Gold rose to $942 (U.S.) per ounce on Monday, clinging to recent rises in choppy trade as the U.S. dollar cut earlier gains, with renewed caution toward riskier assets also proving supportive.

Gold was at $941.90 per ounce at 1059 GMT, up from $938.05 quoted late in New York on Friday. The precious metal earlier hit an intra-day high at $942.50 but is some way off a two week high of $948.20.

In other precious metals markets.

Spot silver firmed to $14.07 per ounce, up from $14.06 quoted late in New York on Friday, while platinum dropped to $1,185.50 and palladium rose slightly to $245.50.

Copper

Prices rallied on Monday, echoing gains in equities as confidence seeped in that the global economy was improving, but gains were capped as market players bet recovery would be slow and painful.

Copper for three-months delivery on the London Metal Exchange traded at $5,062 a tonne at 0927 GMT from $5,035 at the close on Friday. Prices hit a day's high of $5,125.

Among other industrial metals, aluminum, used in transport and packaging, was at $1,640 from $1,647. Inventories rose 5,075 tonnes to within touching distance of a record high around 4.4 million tonnes.

Zinc was at $1,565 from $1,581 and battery material lead was at $1,695 from $1,715.

Tin was at $14,700 from $14,795. Tin was in a backwardation of $36/86 - a premium for cash material over the three-month contract - as investors eyed possible tightness in the market.