Junior Mining News

Gemfields’ operation in Ethiopia under siege by armed groups

By Valentina Ruiz Leotaud Precious gemstones miner Gemfields denounced this week that there has been a significant influx of firearm-bearing illegal miners and handlers at its majority-controlled emerald bulk-sampling operations in southern Ethiopia. The 200-square-kilometre emerald exploration licence is owned by Web Gemstone Mining plc, an Ethiopian company in which Gemfields holds a 75 per

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Hedge funds turned record short on metals just before the rout

By Bloomberg News Commodity markets have gone haywire — and hedge funds with picture-perfect timing are set to rake in stellar profits. As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall, subsequently extending bearish wagers to a record coming into the maelstrom of the past few days. Hedge

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What a copper band unveiled about Ancient Americans

By Valentina Ruiz Leotaud A copper band found in Coastal Georgia revealed that ancient Native Americans engaged in extensive trade networks spanning far greater distances than what has been previously thought. Discovered by a group of anthropologists, the band is slightly wider than a bracelet. It was located alongside the cremated remains of at least

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Gold Miner Announces Assay Results for Nevada Project

Source: Streetwise Reports 08/19/2018 Company reported results for drilling at Tuscarora Gold Project in Elko, Nevada. American Pacific Mining Corp. (USGD:CSE;USGDF:OTCPK) recently announced assays of the remaining 11 holes from the Phase 1 drill program at the Tuscarora Gold Project in Elko, Nevada. According to the news release, a total of 3,143 meters has been

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Historical Repetition in the Precious Metals Arena

Source: Michael Ballanger for Streetwise Reports 08/19/2018 Sector expert Michael Ballanger muses on the potential for a historical reprise of market events of 2015-2016, as well as on how algobots and bankers affect the precious metals markets. History doesn’t repeat itself but it often rhymes. – Samuel Clemens (Mark Twain) I decided that before I

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Drill Results from Great Basin Project Reveal Gold Mineralization

Source: Streetwise Reports 08/19/2018 A gold explorer announces drill results for the Goldstrike Oxide Gold Project in Utah that show gold mineralization above the cut-off grade. Liberty Gold Corp. (LGD:TSX) recently announced the results from initial reverse circulation drill testing of the historical heap leach pads and one area of historical mine waste backfill at

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