Sabre Gold Mines drills 74.1 g/t GOLD in Arizona Star Royalties is heavily invested in Sabre Gold Mines so... = $$$
"... Mike Maslowski, Vice President of Technical Services and Exploration of Sabre Gold stated: “Results from what was known as the northern edge of the D zone continue to return high grade gold intercepts. The gold grades and continuity of the intercepts indicates the D Zone may extend further north. We are planning future underground development to establish additional drill stations to the north to test for the extension of this zone.”
Drilling Highlights Include:
- RC P2F95 10.7 m at 14.3 g/t includes 1.5 m at 74.1 g/t
- RC P2F61 3.0 m at 12.0 g/t includes 1.5 m at 19.6 g/t
- RC P2E50 1.5 m at 17.1 g/t
- RC P2F64 1.5 m at 9.5 g/t
Assay results for the underground reverse circulation (“RC”) drill program have been received on 80 out of the 83 RC holes sampled and submitted with further assays results pending. Holes were drilled from eight drill stations targeting the D zone and two stations targeting the C Zone.
Results reported in this release are from holes drilled along the known northern edge of the D Zone. Intercept values from this round of assays match the earlier results and continue to be high grade and carry across the modeled geologic zone. Drill station location and drill cross sections showing the drill holes follow in this release.
https://www.globenewswire.com/news-release/2022/03/24/2409261/0/en/Sabre-Gold-Drills-74-1-g-t-Gold.html
Investors at Sabre Gold Mines needed some positive news !
".... "This mounting stagflation fear, coupled with strong safe haven in-flows, have now taken over as the dominant drivers for gold price, muting the negative impact from the anticipated rate hikes from the U.S. Federal Reserve," said UOB head of markets strategy Heng Koon How.
Two weeks ago, gold made a run for record highs, testing the $2,070 an ounce area. The move came after the U.S. announced additional sanctions against Russia, including an oil import ban.
"Amidst the ongoing rally in energy and commodities prices since the onset of Russia's invasion of Ukraine, there is a mounting stagflation fear amongst global investors," Heng said.
Investors are also more inclined to allocate more towards gold. Increased demand for gold has been in the form of both ETFs and physical, the report noted.
"There are renewed in-flows to gold ETFs. Purchases of gold jewellery from individual investors will likely intensify alongside global central bank diversification of their reserves into gold," Heng wrote. "Prior to Russia's invasion of Ukraine, gold was trading at about $1,900. In line with this latest round of strength in gold price, there was a clear return of in-flows to gold ETFs. This renewed in-flows to gold ETFs is likely the return of safe-haven buying into gold."
There will also be more demand from central banks, the report added. "Various central banks, particularly in the Emerging Market space, continue to diversify their reserve holdings into gold. It is likely that this onset renewed geopolitical risk due to the Russia-Ukraine conflict will reinforce this diversification trend."
https://www.kitco.com/news/2022-03-23/Gold-price-to-end-the-year-at-2-200-as-stagflation-fears-take-hold-says-UOB.html