Gold and silver27 Jan 2026 21:16
Maybe these projects could gain some attention
"We have recently seen the US dollar gold price breaking record levels and the gold to silver price ratio climbing towards record highs. The latter is long seen as an imbalance that may be a sign that the silver price is due a major upward correction.
"The record-breaking gold price has been driven by economic uncertainties, central bank buying, inflation concerns, and geopolitical tensions, including conflicts in the Middle East, as well as U.S. trade policies. There is also a market move away from assets with counterparty risk to ownership of physical assets. Most commentators expect the gold price to remain strong for some time to come and the silver price to rise further.
"We hold our precious metal projects as available for sale or joint venture whilst we focus on progressing our industrial minerals projects but I think it is timely that the Company highlights to investors, shareholders and potential partners the extent of our portfolio of precious metal projects as the value inherent in these projects is often overlooked. All are drill ready and most are owned 100% by the Company without underlying royalty or other interests."
Patrick Cheetham, Executive Chairman
Note: The following highlights are based entirely on previously announced information.
PROJECT HIGHLIGHTS
Clayton Silver-Gold Project, Nevada (Status: Drill Ready, 100% owned)
· Targeting Epithermal Ag-Au Replacement Deposit.
· Significant silver intersections in historic and Company drilling with a number of holes ending in mineralisation:
· Most recent Company results:
Ø Drill core from a 7.92m mineralised interval graded 303 g/t (8.84 ounces/ton) silver and 0.2 g/t gold (from 82.30m down hole
Ø Includes 4.27m interval grading 408 g/t (11.89 ounces/ton) silver and 0.23 g/t gold from 83.82m depth.
Ø 84% higher silver grade in hole 20CLDD001 compared to twinned 1980s-hole CL-15 which reported 7.62m grading 165 g/t silver (4.8 ounces/ton) and 0.4 g/t gold.
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Ø Mineralised interval contains sulphide bearing vein quartz and quartz breccia over the down hole drilled interval of 7.92m from 82.3m depth (true thickness - as yet unknown).
· Historic grades were likely understated due to loss of fine silver-bearing sulphide minerals during the RC drilling programme.
Newark Gold Project, Nevada (Status: Drill Ready, 100% owned)
· Targeting Carlin-style gold mineralisation which includes some of the largest gold deposits in the world, almost exclusively found in Nevada.
· Favourably located at intersection of the Alligator Ridge and Battle Mountain-Eureka gold trends.
· Historic surface sampling returned anomalous gold with high values of Carlin-style geochemical indicator elements arsenic, antimony, thallium and barium.
· A major silicified structure is a