Mining Weekly reported that in its latest report, the World Gold Council that worldwide demand for gold dropped by 11 percent in the third quarter of 2012.
As quoted in the market report:
Bar and coin demand fell 30% to 293.3 t; however, demand for exchange traded funds, and similar, jumped 55% to 136 t, illustrating “differing sentiments among various investor segments”, the report pointed out.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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