Precious Metals Surging Amid GeoPolitical Unrest and Tension

PALM BEACH, Florida, August 22, 2017 /PRNewswire/ --

From a recent article published on Bloomberg.com, in the midst of a tumultuous month in U.S. politics and global security, traders have pushed gold futures to near a nine-month high. But if the history of gold's relationship with oil is any guide, that surge may last longer than the flare-up in geopolitical tension. The precious metal has rallied 11 percent in 2017 to trade at $1,294.40, compared to a 10 percent slump in crude. Miners with developments and recent market performance of note include: StrikePoint Gold Inc. (OTC: STKXF) (TSX-V: SKP), Pretium Resources Inc. (NYSE: PVG) (TSX: PVG), Yamana Gold Inc. (NYSE: AUY) (TSX: YRI), Kinross Gold Corporation (NYSE: KGC) (TSX: K), Eldorado Gold Corporation (NYSE: EGO) (TSX: EDL).

StrikePoint Gold Inc. (OTCQB: STKXF) (TSX.V: SKP.V) is pleased to report encouraging initial assays from grab samples collected from across the Pluto Property in the Kluane Region of the Yukon Territory. A total of 68 surface sample assays have been completed to date by ALS Laboratories and results reflect the polymetallic nature of the Pluto property. Gold assays ranged from trace to 48.4g/t Au, including a separate sample of 36.3g/t Au. The highest-grade samples were collected from the Charon target, which is the current focus of a RAB drill program. Read this and more news for StrikePoint Gold at:http://www.marketnewsupdates.com/news/stkxf.html

Samples from within the same area also returned elevated copper values copper, with results ranging from trace to 1.23%. Copper mineralization appears to be localized in schist units, while gold is associated with arsenopyrite and pyrite within marble and skarn layers. Surface mineralization at Charon has a strike of 1.2km west to east, and 400m north to south, and is still open on all sides.

In addition to the gold and copper values, this latest set of results has returned silver assays from trace to 333g/t. The high grade silver sample runs 2.07g/t gold and represents a significant easterly step out of 2 km from the Charon Zone. Samples collected from between this location and the central Charon area are still pending assays.

Extensive mapping and study of the area since mid-July has shown that mineralization is not linked to a single skarn layer as initially thought, but instead there is evidence of multiple lithologically controlled beds that are stacked in section, with the presence of sulphide mineralization throughout. These units align well with resistivity/conductivity data gathered during a Ground Induced Polarization (IP) Survey by Groundtruth Exploration and are proving useful for drill targeting.

In other mining market performance of note from Monday: 

Pretium Resources Inc. (NYSE: PVG) was up slightly in afterhours trading on Monday after closing down slightly at $8.55 on over 1.1 million shares traded by the market close. The Company released recent highlights from the second quarter of 2017 and commissioning updates for its high-grade gold Brucejack Mine. During commissioning in June and grade ramp-up in July a total of 25,392 ounces of gold were produced from low-grade stockpiles, development muck and, in July, the addition of stope ore. Gold sales have commenced. Pretium Resources maintains listings on the Toronto Stock Exchange (TSX: PVG.TO) and the New York Stock Exchange (PVG)

Yamana Gold Inc. (NYSE: AUY) closed up over 2% at $2.76 on Monday on over 9.5 million shares by the market close. Yamana Gold operates as a gold producer in Canada, Brazil, Chile, and Argentina. The company explores for precious metals, gold, silver, and copper. It primarily holds interests in the Chapada, El Peñón, Canadian Malartic, Gualcamayo, Minera Florida, Jacobina, and Brio Gold mines. Yamana Gold maintains listings on the Toronto Stock Exchange (TSX: YRI.TO) and the New York Stock Exchange (AUY).

Kinross Gold Corporation (NYSE: KGC) was up slightly in afterhours trading on Monday after closing up at $4.28 on over 7.9 million shares traded by the market close. Kinross is a senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value-based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (TSX: K.TO) and the New York Stock Exchange (KGC).

Eldorado Gold Corporation (NYSE: EGO) also was up slightly in afterhours trading on Monday after closing up at $1.91 on over 3.7 million shares traded by the market close. Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, and Romania. The company also explores for iron, silver, lead, and zinc. Eldorado Gold Corporation maintains listings on the Toronto Stock Exchange (TSX: EDL.TO) and the New York Stock Exchange (EGO).

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated twenty three hundred dollars for news coverage of the current press release issued by StrikePoint Gold Inc.. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:
E-mail: info@marketnewsupdates.com
+1-561-325-8757