Up and going up, there is only so much available. Market so called experts on TV s******d at investing in gold, we all said QE would come, hence gold rises. Now those experts are talking about gold. QE won't work, so long term gold investments is the way to go. Miners are out of favour at this time, TGL has proven very exciting prospects, now is the time to get in. Being Welsh I know about coal, they shut the mines because they said it cost too much to mine it. In the last couple of years small mines and open cast mines have started up. Recently my girlfriends brother, a mine manager in S Wales came home and said the Chinese have just bought the mine. The Chinese are buying up assets all over the world and offloading some dollars. TGL will soon attract attention.
David Wiley, Chief Executive Officer of Touchstone Gold, commented: "The Company is pleased to have completed the Atlantis transaction after receiving overwhelming support from Atlantis shareholders. The combined company, now possesses a highly prospective consolidated larger land package in the extremely prolific Segovia-Remedios gold belt. We look forward to updating the market in the coming months as the Atlantis assets are integrated with that of Touchstone and exploration begins."
· Stage 3 exploration programme, including completed Geophysical and LiDAR surveys, completed at the Rio Pescado Project in the Antioquia Department, comprising over 8,300 metres of drilling across 74 diamond drill holes, doubling the area of known gold mineralization, and discovering a third high-grade gold zone; · Existing areas of shallow, high-grade gold mineralization confirmed, previously separated gold zones connected along strike, new targets generated in areas of previous artisanal mining activity; · Selected drilling results include: - 8.75 g/t gold over 28.25 metres, including 9.88 g/t gold over 24.25 metres, and 20.90 g/t gold over 5.7 metres from hole LPD-1279; - 8.70 g/t gold over 16.80 metres, including 17.56 g/t gold over 8.15 metres, and 27.60 g/t gold over 4.50 metres from hole LPD-1286; - 9.13 g/t gold over 15.00 metres, including 24.92 g/t gold over 4.45 metres from hole LPD-1162; - 5.84 g/t gold over 21.75 metres, including 20.28 g/t gold over 4.20 metres from hole LPD-1159
Touchstone Gold Limited (AIM: TGL) ("Touchstone Gold" or the "Company"), the Colombian focused gold exploration company, is pleased to announce its financial results for the half-year ended 30 June 2012 This report, together with the Management Commentary for the same period, is also available on the Company's website at www.touchstonegold.com. Unless otherwise noted, all financial information is expressed in U.S. dollars.
o On 7 September 2012, after the approval of a resolution by the Company's shareholders, the Company was redomiciled via a continuance of the Company from the British Virgin Islands to the province of Ontario, Canada, where a majority of the Board of Directors and the Company's officers are located. o On 10 September 2012, the Company completed the acquisition of Atlantis Gold Mines Corp ("Atlantis"). Shareholders of Atlantis received one common share of Touchstone for each Atlantis share.
· For the half year ended 30 June 2012, the Company reported a net loss attributable to common shareholders of $5,372,242 or $0.05 per common share. · As at 30 June 2012, the Company had a net cash balance of $4,342,043.
Touchstone Gold Limited (AIM: TGL) ("Touchstone" or the "Company") announces that its redomiciliation from the British Virgin Islands to the Province of Ontario, Canada was completed on 7 September 2012 and that admission of the Touchstone shares in the "new" form will take place in accordance with the AIM Rules today, 10 September 2012.
Trading in the Company's shares will, however, be suspended immediately until such time as the Company's depositary interest ("DI") facility is activated and CREST trading enabled. This is expected to happen during the afternoon of Monday 10 September 2012.
The delay in activating the DI facility was caused by the redomiciliation not completing until after the closure of the CREST system on Friday 7 September 2012.
Haven't seen anything of Caspar. US looking at QE Friday, that will make gold fly. US are looking at gold to run alongside the dollar as money. They will have to re-arrange things like capital gains tax. The US has been forcing the sp of gold down. Now things will start to change, the central banks have about 1/3 of the worlds gold. The extreme wealthy have a 1/3, that doesn't leave much for the rest of the world. Paper money represents debt and lots of governments are in serious debt. The " I promise to pay the bearer the sum of " will mean nothing. Institutions will soon look at the miners. GLA
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