Astur Gold Began Drilling at Salave; US Silver Sees Decline

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Astur Gold announced today that they have started drilling at Salave.

The company noted that they “will be drilling to follow-up on mineralization that remains open along strike and at depth with a goal to increase the size of the mineral resource. Salave has not been drilled since 2005 and that last program ended in high grade mineralization. This drilling also targets an area where the current drill spacing is greater than 50 meters in order to increase resource confidence and potentially convert inferred resources to the measured and indicated categories. Astur Gold will also obtain fresh mineralization to complete metallurgical testing and process design.”

On Tuesday, September 17, US silver fell by 2.0 percent, making it the day’s biggest mover. Following a 1.9 percent rise on Tuesday, the price of Indian silver closed. Chinese silver closed 1.6 percent lower, while Japanese silver fell 1.6 percent yesterday.

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The price of Chinese gold bullion fell 1.3 percent. Following a two-day drop, the price of Indian gold bullion increased by 1.2 percent. US gold bullion ended the day after the 1.1 percent drop on Tuesday. Japanese gold bullion finished the day down 0.8 percent.

The price of Chinese platinum bar declined 1.3 percent. US platinum bar finished the day down 1.1 percent. Japanese platinum bar ended the day after the 0.9 percent drop on Tuesday.

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Japanese palladium bar prices inched up 1.0 percent. The price of US palladium bar increased 0.3 percent. Chinese palladium bar stayed flat.