Weekly Round-Up: Fiscal Cliff Deal Boosts Commodities
Resource prices and stock markets rose this week after cliffhanger talks produced an agreement that removes some uncertainty in the world’s biggest economy.
Resource prices and stock markets rose this week after cliffhanger talks produced an agreement that removes some uncertainty in the world’s biggest economy.
Silver – Silver rose in response to the US fiscal cliff deal, but declined a day later amid significant focus on the shortcomings of the compromise.
Homestake Resource Corp. (TSXV:HSR,FWB:B6IH) announced that that surface soil and rock sampling on the Kinskuch project has extended Ag-Pb-Zn mineralization. High-grade precious and base metal assays were reported in samples from several locations along the mineralized trend and extending south of the 2011 drilling.
Silver – Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) announced the completion of 13 diamond holes during the 2012 exploration season for a total of 4,743 metres at its Homestake Ridge project in Northwest British Columbia. Planning is underway to transfer operatorship of the property to Agnico-Eagle in January, as agreed to in the Option Agreement between the parties.
Homestake Resource Corporation. (TSXV:HSR,FWB:B6IH) announced financing for its 2012 Kinskuch exploration program.
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