Friday, November 6, 2015
Monday, October 26, 2015
Vantex appoints Laverdiere CEO, Morissette resigns
2015-10-26 16:05 ET - News Release
VANTEX APPOINTS NEW CEO
Vantex Resources Ltd. has made corporate changes. Gilles Laverdiere was appointed as new chief executive officer of Vantex following the resignation of Guy Morissette.
Mr. Laverdiere has been a consulting geologist to exploration mining companies since 2013. From 2011 to 2013, he was senior consulting geologist for Merrex Gold Inc., where he was in charge in developing a gold project in Mali within a joint venture with Iamgold Inc. From 2006 to 2010, he was a consulting geologist in charge of planning and supervising drilling projects in northwestern Quebec and writing NI 43-101 geological reports. From 1998 to 2006, he was CEO of HMZ Metals Inc., where he acquired mining assets in China and listed the company through an initial public offering on the Toronto Stock Exchange. From 1985 to 1997, he has been part of senior management and on the board of many public mining companies, where he evaluated mining prospects, and negotiated and structured financing for various mining companies in Canada, the Philippines, Brazil and Nevada. From 1978 to 1984, he was a geologist with a focus on gold exploration in northwestern Quebec.
Wayne Carlon as vice-president of business development (Oct. 20) and Denis Tremblay as chief financial officer and corporate secretary (effective Oct. 31) also submitted their resignations. The board of directors of Vantex wants to thank them and Mr. Morissette for many years of loyal services and wishes them the best in their future endeavours.
Vantex has completed an MMI soil geochemistry survey over the Morriss and Hurd showings on the Galloway property. A strong bull's eye gold anomaly was detected over the Morriss showing, and another one was detected about 600 metres to the north. Since the MMI geochemistry survey method seems to unveil buried gold deposits on the property, the company has decided to extend the survey on the project. On the Hurd showing, two generally north-south-striking gold anomalies were outlined. One of them is related to the gold intersection in hole VDH-12-59, which intersected 2.68 grams per tonne gold over 9.0 metres. The other gold anomaly remains to be tested by drilling.
Mr. Laverdiere, PGeo, is the qualified person as defined under NI 43-101, who has reviewed and is responsible for the technical information presented in this news release.
© 2015 Canjex Publishing Ltd. All rights reserved.
Posted by Alfred Newman at 3:32 PM
Saturday, October 10, 2015
One of the most researched individuals when it comes to gold and silver has just been interviewed on our show – his name is Jordan Roy-Byrne. He is someone who combines both technical and fundamental analyses in the information that he shares for what he believes to be a very effective way to approach the markets. He is someone who has been featured on major news sites, including CNBC, Barrons, Financial Times, Kitco, and more. He is a renowned speaker at investment conferences and runs the site TheDailyGold.com.
He points out in this interview that mining stocks are very ripe to have a turnaround, being that we are four years into the worst bear market these companies have seen. Jordan brings to the discussion that the miners will likely precede the bull market rally of the precious metals, and could take off without the rising prices of the underlying metals, being that the miners have already been so heavily beaten up. Mining stocks did peak before the metals did in the most recent bear market, followed by the precious metals peak in 2011. So in theory, mining stocks could precede the bull market in the metals before the metals actually rally. There is historical precedence for this, as it did happen in 2001, when mining stocks took off before the metals.
QE in China Drives Silver Bullion Price & Asians keep buying PM's
see video item:
Posted by Alfred Newman at 3:11 PM
Tuesday, May 26, 2015
Precious Metals Physical Shortage Coming
PRECIOUS METALS WEALTH BEING SIPHONED TO ASIA
"Gold demand is outpacing supply while production is declining. Both the Chinese and Indian governments are purchasing gold in unprecedented quantities and encouraging their increasingly well-off citizens to accumulate bullion. Gold demand has also surged from central banks, which have been net buyers since 2009. All of these realities will help keep the value of this precious metal high into the foreseeable future."
"The Chinese currency the Yuan is still pegged to the U.S. Dollar at a level that undervalues it substantially, provoking criticism of this exchange rate policy. The world still believes that China cannot survive and prosper without the West to fund its development, and so most analysts are focused on a hard landing for China.
Nevertheless, what is really happening is that new currency swaps are forming the backdrop of Chinese metals accumulation and production. In essence, China is gradually amassing the lion’s share of global wealth in the form of hard assets.
An amusing quote posted by Tyler Durden at ZeroHedge.com sums this situation up rather well:"While the insolvent "developed world" is furiously fighting over who gets to pay the bill for 30 years of unsustainable debt accumulation and how to pretend that the modern 'crony capitalist for some and communist for others' system isn't one flap of a butterfly's wings away from full on collapse mode, China is slowly taking over the world's real assets".
Posted by Alfred Newman at 6:15 PM
Monday, February 16, 2015
Posted by Alfred Newman at 7:11 PM