As investors can see in the graph above, registered gold stocks have dropped to levels where only 1 ounce of registered gold is backing 255.6 claims on that ounce – the highest levels we’ve ever witnessed. That is a BIG spike over the past few weeks as the ratios are going parabolic.This is something that gold bulls should love to see as high owners-per-registered-ounce ratios mean fewer physical ounces per contract ounce – a definite positive. In fact, before 2013 we had never been at even 40 owners per registered ounce – so we’re truly entering uncharted territory.http://seekingalpha.com/article/3522396-comex-available-gold-continues-to-drop-and-why-that-should-matter-for-investors” target=”_blank”

Beadell Resources Limited (“Beadell” or “the Company”) is pleased to announce a maiden Urucum Underground Mineral Resource, produced in accordance with the 2012 Edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code).

Key Highlights

• Total Urucum Underground mineral resource is 4.86 million tonnes @ 4.06 g/t gold for 634,000 ounces reported above a lower cut off of 1.6 g/t gold.
• Total Measured and Indicated resources are 2.73 million tonnes @ 4.56 g/t gold for 400,000 ounces.  Total Inferred resources are 2.13 million tonnes @ 3.42 g/t gold for 234,000 ounces.
• The very high grade Central Lode 1 ore shoot located immediately below the Urucum North open pit contains a total resource of 0.59 million tonnes @ 7.54 g/t gold for 143,000 ounces.
• The South Lode 1 ore shoot contains 1.46 million tonnes @ 3.70 g/t gold for 174,000 ounces

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• The Lode 2 ore shoot contains 0.84 million tonnes @ 3.99 g/t gold for 108,000 ounces.
• This Underground resource does not include any of the Urucum open pit reserve, it is all below the current final open pit.
• AMC Consulting have commenced a preliminary review of the model which will form the basis of the Pre-Feasibility study to be completed by AMC Consulting by the end of 2015.
• A significant proportion of the Urucum underground lode system remains unclassified and outside of this resource due to the wide spaced drilling, leaving significant potential to expand the resource in the future.

The high grade nature of this ore body is particularly pleasing with Central Lode 1 averaging 7.54 g/t. The profitability of our current 6-year open pit mine plan will most likely be significantly enhanced and extended with the expected positive results from the prefeasibility study, to be finalised before years end.”

The Urucum Underground mineral resource totalling 4.86 million tonnes @ 4.06 g/t gold for 634,000 ounces has been estimated using Ordinary Kriging and has been reported at a 1.6 g/t lower cut off. The resource encapsulates the northern most section of the 2 km long, 3 million ounces Urucum orebody and is located immediately below the Urucum North open pit reserve. http://bdr.live.irmau.com/IRM/ShowDownloadDoc.aspx?SiteId=278&AnnounceGuid=e1c394c6-347f-4bff-8de0-07e87fd330ba

China wants to secure its geopolitical strength by convincing the world to grant the yuan reserve currency status. The country has been manoeuvring quietly, integrating itself into global finance and buying up gold to hold as reserves. http://www.profitconfidential.com/gold/currency-war-between-china-and-south-korea-could-send-gold-soaring/

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday.
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The world’s second largest gold mining nation, Australia, saw gold output rise in the June quarter according to a survey by Melbourne-based consultancy, Surbiton Associates.

Gold production for the period totalled some 72 tonnes (2.31 million ounces), an increase of almost three tonnes or four per cent over the March 2015 quarter. With most Australian miners having June year-ends, Surbiton puts the fiscal year total (to end-June) at 285 tonnes. Read full article at http://www.miningaustralia.com.au/features/australian-gold-levels-jump