Chinese demand keeps gold soaring.
Robin Bromby From: The Australian May 23, 2011
(continued)
While on the subject of silver, De Grey Mining (DEG) has been long on plans and short on delivery since listing in 2002 and it's no wonder that its market cap sits at a lowly $10m and shares languish at 3.8c. But we will continue to watch its Argentinean play with interest. The company has just added another 1110sq km to its ground position, making it one of the largest positions in the silver-gold zone in Santa Cruz province.
The new ground is 30km from drilling by Toronto-listed Mirasol Resources, which on May 12 reported 29m at 251 grams/tonne silver and 26.6m at 230g/t silver.
http://www.theaustralian.com.au/business/mining-energy/chinese-demand-keeps-gold-soaring/story-e6frg9ex-1226060685878
Chinese demand keeps gold soaring.Robin Bromby From: The...
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