The report concludes that Stampede Gap represents a compelling exploration opportunity, supported by favorable geology, historical results, and multiple mineralization styles.
Shifting silver between New York, London, and Asian exchanges can temporarily ease squeezes, but it doesn’t fix the underlying problem – there isn’t enough silver.
CEO Shearcroft: "Together with the upcoming geophysical program, this work is expected to identify high-quality drill targets to be tested later this year."
CEO Iwanaka: "Standout intercepts from holes PRC-37, PRC-31, and PRC-32 rank among the most compelling encountered to date, delivering impressive combinations of high-grade silver, gold.."
Keep in mind that gold went from $1,000 to $700 in 2008 as the markets were unraveling, before hitting $1,900 a few years later. And I think we’re in a similar situation now...
If you were expecting the gold and silver prices to rise following the outbreak and then escalation of the Iran war, obviously, that has not been the case over the past two weeks.
