India Gold Imports Dip After Brief Rebound as Prices Curb Demand

Gold imports had risen in July and August as jewelers readied stocks ahead of festivals.

Photographer: Sanjay Kanojia/AFP via Getty Images

Gold imports by India slumped in September after a short-lived rebound as high prices prompted buyers to defer purchases.

Inbound shipments into the world’s second-biggest bullion consumer fell 38% in September from a year earlier to 8.4 tons, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Imports were down from 35.5 tons in August. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to a call to his mobile phone.

Weak Appetite

India’s gold imports dip again in September

Source: India’s Finance Ministry Official

Imports had risen in July and August as jewelers readied stocks ahead of festivals. But demand has cooled as buyers hold off on purchases in a bet that prices

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Troilus Discovers New Goldfield Boulder Zone 36 Km From Troilus Mine With Samples up to 26.2 g/t Gold and 27.8 g/t Silver

Figure 1

Troilus Property, Regional Geology and Location of the New Goldfield Zone
Troilus Property, Regional Geology and Location of the New Goldfield Zone
Troilus Property, Regional Geology and Location of the New Goldfield Zone

Figure 2

Close-up of the Goldfield Boulder Zone
Close-up of the Goldfield Boulder Zone
Close-up of the Goldfield Boulder Zone

TORONTO, Oct. 08, 2020 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce the latest results from its summer 2020 regional exploration program on its 100%-owned Troilus Project, located within the Frôtet-Evans Greenstone Belt of northern Quebec. The program focused on identifying high priority targets within the extensive land package Troilus acquired and staked earlier in the year (the “Troilus-Frôtet Property”) (see press releases dated April 28, 2020 and July 21, 2020). Initial results collected 28 km southwest of the recently announced Beyan Gold Zone Discovery (see press release dated September 30, 2020), have outlined another new zone of mineralization: the Goldfield Boulder

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Discovery of diamonds in small rock sample hints at possibility of new deposits in area similar to world’s richest gold mine in South Africa — ScienceDaily

The presence of diamonds in an outcrop atop an unrealized gold deposit in Canada’s Far North mirrors the association found above the world’s richest gold mine, according to University of Alberta research that fills in blanks about the thermal conditions of Earth’s crust three billion years ago.

“The diamonds we have found so far are small and not economic, but they occur in ancient sediments that are an exact analog of the world’s biggest gold deposit — the Witwatersrand Goldfields of South Africa, which has produced more than 40 per cent of the gold ever mined on Earth,” said Graham Pearson, researcher in the Faculty of Science and Canada Excellence Research Chair Laureate in Arctic Resources.

“Diamonds and gold are very strange bedfellows. They hardly ever appear in the same rock, so this new find may help to sweeten the attractiveness of the original gold discovery if we can find

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In New Zealand, microbes are extracting gold from electronic waste

Cell phones, tablets, laptops, smartwatches: the modern world is packed with a dizzying array of gadgets that bring us connectivity, entertainment and information. Our hunger for the latest models – and the cachet that buying them brings – is such that these pieces of kit have, for some, become readily disposable.

This “throwaway” culture often means consumers are guilty of getting rid of old devices as soon as new ones come to the market, a habit that can have a significant effect on waste streams and the environment.

A recent report found that 53.6 million metric tons of e-waste was produced in 2019, with just 17.4% of this amount “officially documented as properly collected and recycled.”

The Global E-waste Statistics Partnership published the “Global E-waste Monitor 2020” report in July and described e-waste as containing harmful substances including mercury, hydrochlorofluorocarbons, chlorofluorocarbons and brominated flame retardants.

It also painted a stark

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There’s too much gold in the universe. No one knows where it came from.

Something is raining gold across the universe. But no one knows what it is.



a star filled sky: An illustration shows the collision of two neutron stars. Scientists had proposed that such collisions might have filled our solar system with gold, but new research casts doubt on that claim.


© Provided by Live Science
An illustration shows the collision of two neutron stars. Scientists had proposed that such collisions might have filled our solar system with gold, but new research casts doubt on that claim.

Here’s the problem: Gold is an element, which means you can’t make it through ordinary chemical reactions — though alchemists tried for centuries. To make the sparkly metal, you have to bind 79 protons and 118 neutrons together to form a single atomic nucleus. That’s an intense nuclear fusion reaction. But such intense fusion doesn’t happen frequently enough, at least not nearby, to make the giant trove of gold we find on  Earth and elsewhere in the solar system. And a new study has found the most commonly-theorized origin of gold — collisions between neutron stars — can’t explain gold’s

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Q-Gold Submits Exploration Permit for High-Grade Foley Gold Mine Complex, Ontario

Figure 1

Overview of Foley Gold Mine Vein System
Overview of Foley Gold Mine Vein System
Overview of Foley Gold Mine Vein System

Figure 2

Assorted Mine Centre Gold Vein Systems
Assorted Mine Centre Gold Vein Systems
Assorted Mine Centre Gold Vein Systems

TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) — Q-Gold Resources Ltd (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to announce it has submitted an exploration permit for its previously announced 2020-2021 exploration program at its wholly-owned Foley Gold Mine complex, near the town of Mine Centre, Ontario.

The permit will allow Q-Gold to drill targets at the past-producing Foley Gold Mine; a high-grade gold-vein system with over 5,900 m of NI 43-101 compliant drilling with results of up to 53.47 g/t Au over 1.5 m and 106.7 g/t Au over 0.23 m. Previous records indicate that 10,500 tons of ore at 14 g/t was mined from stopes at the 100’ level with 5,267 oz of gold

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The World’s Top Gold Mines [Infographic]

Concerns are mounting about whether the world has reached “peak gold” after the price of the commodity soared to a record high last month. The coronavirus has plunged the U.S. economy into a recession since February and the ongoing financial carnage has prompted investors to hedge against that volatility, driving gold prices past $2,000 per ounce for the first time in history in August. Rising political uncertainty in the U.S. is another reason demand for gold is rising with UBS recently warning its clients to buy safe-haven assets such as gold in case there is a contested presidential election that leads to further stock market volatility.

The level of demand for the precious commodity is now prompting serious questions about whether global gold reserves are being exhausted. Indeed, some experts think we have already reached “peak gold” with yearly production largely levelling off in recent years. In fact, mining is

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Gold miners discover 100 million-year-old meteorite crater Down Under

Gold miners in the Australian Outback recently discovered a gigantic meteorite crater dating to about 100 million years ago, back when dinosaurs roamed the Earth.

Found near the Western Australian town of Ora Banda, the newly dubbed Ora Banda Impact Crater is about 3 miles (5 kilometers) across. This huge hole was likely created by a meteorite up to 660 feet (200 meters) wide, or longer than the length of two American football fields, according to Resourc.ly, a Western Australia news outlet.

When geologists at Evolution Mining, an Australian gold mining company, came across some unusual rock cores at Ora Banda, they called Jayson Meyers, the principal geophysicist, director and founder of Resource Potentials, a geophysics consulting and contracting company in Perth. Meyers examined the geologists’ drill core samples, as well as rock samples from the site, and he immediately noticed the shatter cones — telltale signs of a

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