Astur Gold Finishes Drill Program; US Palladium Bar Gaining Again

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Astur Gold Corp. has “completed a 3,031 meter drill program at its wholly owned Salave Gold Project, located in Asturias, northern Spain,” reports Kitco.

“Highlights from the 10 holes drilled include 5.21 grams per ton gold over 25.08 meters, 17.43 g/t gold over 6.29 meters and 7.4 g/t gold over 12.92 meters, the company says. The results will be included in a revised resource estimate that the company expects to release in the following weeks.”

“‘We are pleased with the results of the recent surface drill program, and look forward to updating the market in due course with a revised resource estimate for Salave,’ says Cary Pinkowski, president and chief executive officer of Astur Gold. ‘Infill drilling has helped improve our confidence in the continuity of several mineralized lenses. Initial step-out drilling has additionally shown that mineralization continues to the west and southwest, and further follow-up drilling is warranted.'”

In price news for precious metals…

On Friday, January 3, the day’s biggest mover was the price of US palladium bar, which saw a 3.1 percent increase. This increase comes after two straight days of stagnant prices. The price of Chinese palladium bar increased 1.9 percent. The price of Japanese palladium bar held steady.

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Chinese platinum bar gained 2.1 percent to finish. For the fifth day in a row, the price of US platinum bar remained essentially flat. Japanese platinum bar held its value last Friday.

Following a couple of essentially changeless days, the price of US gold bullion rose by 2.2 percent. After a 1.3 percent increase, Indian gold bullion finished the day. Chinese gold bullion finished the day up 0.9 percent. The price of Japanese gold bullion remained essentially flat.

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The price of US silver rose by 2.3 percent. Indian silver fell 1.1 percent last Friday. Chinese silver saw its price rise 0.6 percent. The price of Japanese silver was essentially unchanged.