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Gold Drivers – Domestic Unfunded Liabilities

Cory
September 7, 2017

We have been chatting about the issues in North Korea over the past couple weeks and more recently about the clean up that will be needed from Hurricane Harvey. However as Ed D’Agostino, COO of Hard Assets Alliance shares there are some more long term issues that we sometimes forget about. He focus on the domestic liabilities from a state level and soon a federal level that he thinks should continue to drive investors into the metals.

Click here to visit the Hard Assets Alliance website and learn more about how they help you buy, sell, and store gold.

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Discussion
4 Comments
    CFS
    Sep 07, 2017 07:11 AM

    Revival Gold Inc. (TSX VENTURE:RVG) (“Revival” or the “Company”) is pleased to announce the execution of an earn-in and related stock purchase agreement (the “Agreement”) with Meridian Gold Company (“Meridian”), a subsidiary of Yamana Gold Inc., by which Revival may acquire a 100% interest in Meridian Beartrack Co. (“Meridian Beartrack”), owner of the Beartrack Gold Project (“Beartrack” or, the “Project”) located in Lemhi County, Idaho. The Agreement is subject to regulatory approval.

    Beartrack is a former producing gold mine that was the subject of renewed exploration activity by Meridian in 2012 and 2013. The Project encompasses 3,496 acres (1,415 hectares) and hosts five known mineralized areas within a five-kilometer strike length along the Panther Creek Fault. Mineralization is open to the south-west and at depth.

    The Project is situated approximately four miles east of Revival’s Arnett Creek Gold Project and will serve as the Company’s base for exploration drill hole core logging and storage for both Beartrack and Arnett Creek.

    Revival may acquire Meridian Beartrack by making a cash payment of US$250,000, delivering four million shares of Revival, spending US$10 million on exploration and funding certain remediation costs during a four-year earn-in period. Upon completion of the acquisition Revival will assume future site remediation and closure obligations. Revival will also be required to provide a 1% NSR royalty and pay the greater of US$6 per ounce of gold in mineral resource or US$15 per ounce of gold in mineral reserve on all ounces outlined over the next seven years.

    Revival and Meridian Beartrack have applied to re-commence exploration at Beartrack and expect to receive approval from the U.S. Forest Service to start drilling shortly.

    CFS
    Sep 07, 2017 07:20 AM

    Meanwhile in Shanghai:
    Gold over $1350 and silver over $19

    CFS
    Sep 07, 2017 07:30 AM

    Eric Sprott’s 2176423 Ontario Ltd., a 10% Holder, acquired 6,206,000 Common Shares on and 3,103,000 Warrants with an exercise price of $0.450 until August 30, 2019 through a private transaction on August 30th, 2017. This represents a $1,598,666 investment into the company’s shares and an account share holdings change of greater than 100%.

    CFS
    Sep 07, 2017 07:31 AM

    oops The above was about Klondike Gold.