Melkior Resources Inc. (TSX VENTURE:MKR) reported that the company has a major land position in the Mc Faulds “Ring of Fire” area which is focussed on its 100% owned East Rim property that totals 1492 claim units or 238.7 sq kilometres.
Nortec Minerals Corp. reported that the company has received positive metallurgical test results from representative core samples taken from the Kaukua Main Zone within the LK Palladium-Platinum-Gold-Copper-Nickel Project located in North Central Finland.
The launch of platinum and palladium-backed exchange-traded funds on the New York market has given U.S. investors their first opportunity to invest in the metals via an ETF.
North Bay Resources Inc. (PINKSHEETS: NBRI) reported that the company has staked an additional 3,843 acres approximately 3 miles northeast of the Company’s recently announced Zeballos Gold property.
On Friday, the first U.S. platinum and palladium exchange-traded funds will launch, giving U.S. investors easier access to the industrial metals, which have already rallied on hopes for more fund-based stockpiling.
On Wednesday, as Gold prices inched up above $1,120, Platinum’s rally, which lifted prices to their highest in over a year in the previous session, lost steam.
On Tuesday, Platinum prices hit their highest in well over a year in Europe.
ETF Securities said that a financial firm has bought 100,000 shares of its proposed first-ever U.S. platinum exchange-traded fund (ETF) and delivery is scheduled by the end of the week.
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