Posts Tagged ‘Silver’
Prices of minerals have a better start, compares with the end of 2011. However, a lower value compared with the beginning of the year. Base metals and silver have fallen from last year, but gold rose.
This is the first working day of 2012, the price of $ 8.79 per pound lead us fine, much lower than the beginning of 2011, as quoted us $ 12.31. Decline in value was 29% as the decline of U.S. $ 3.52.
In the case of zinc, starting 2012 with a value of U.S. $ 0.82 a pound fines, years ago, was at U.S. $ 1.12, bringing the decline was from $ U.S. 30 cents (27%). Meanwhile, less than 30 December 2011, when the U.S. valued at $ 0.87.
Copper fell about a dollar a year, it is in $ U.S. 3.47 per pound of good and last year came to $, we 4.42 which means a reduction of U.S. $ 95 cents.
Argus Metals announced today that Phase II of its recognition program, recently completed King Iron Project, located in the province of Lima, and reported samples up to 19.4 grams of gold and 300 grams of silver per ton.
The program consisted of the collection and analysis of 169 rock samples and identified four areas that host anomalous gold mineralization within a section of 12 square kilometers of the 120 square miles of the concession.
Argus Metals Chairman Michael Collins said that these results have demonstrated the presence of gold mineralization and high-grade silver in the Iron King project where the company has identified iron, tungsten and gold in the Phase I program recognition of the property.
She said she hopes to continue defining and expanding gold projections identified in the programs of the Phase I and II, and continue to explore systematically the territory of 120 square kilometers has the Iron King project.
The Phase II program was aimed at a section of 12 square kilometers Iron King Project in an area of 60 square kilometers and was designed to verify and extend the gold mineralization identified during Phase I of the recognition of the property. Read the rest of this entry »