Gold mining company in Mexico and gold investment advantages? Although the U.S. dollar is one of the world’s most important reserve currencies, when the value of the dollar falls against other currencies as it did between 1998 and 2008, this often prompts people to flock to the security of gold, which raises gold prices . The price of gold nearly tripled between 1998 and 2008, reaching the $1,000-an-ounce milestone in early 2008 and nearly doubling between 2008 and 2012, hitting around the $1800-$1900 mark. The decline in the U.S. dollar occurred for a number of reasons, including the country’s large budget and trade deficits and a large increase in the money supply.
One of the major reasons for making any financial investment is that you consider it as a backup if in case you need it in future and gold is one of the most of the easy to liquidate the hard asset. In case you happen to be in need to use your gold to make your ends meet, you just have to sell it to the buyer you prefer. There are always buyers ready to buy the gold. But keep in mind the return rate is not exactly what you expect, instead, it is opposite especially in the case of physical gold, you get less than what you invest. Like we mentioned above, gold has a lot of significance in Indian culture but we are not talking of emotions here, in fact, financial investment is not a matter of heart but Mind and thus, let us take a look at all the practical reason that make gold a suitable investment medium over other options.
Since 2006, Golden Oasis (later ACM) has conducted an intensive program of geologic mapping, geophysical surveys, compilation and drilling. This work has increased the knowledge of the mineralized system, identified a drill defined resource, and helped define at least five viable targets for further exploration. ACM had anticipated continuing exploration of the Courtney target. To date ACM’s work has identified the favorable stratigraphy and potential feeder faults sufficiently that deeper drilling of Pipeline style targets is recommended. A single 1,500 feet long angle core hole is recommended in order to test favorable host rocks adjacent to one of the more favorable north-northwest feeder faults. See more details at gold investment.
Mineralization is generally made up of breccia that commonly is concordant with a limestone/shale contact (in the San Martin and San Jose areas) which forms the relatively steeply dipping tronco deposits, these troncos contact the younger volcanic flows (dacite and ignimbrite) where they have formed the more horizontal manto portions of the deposit. The mineralized economic breccia grades from 30 g Ag/t to 250 g Ag/t. Exploration has been concentrated along the NE trending breccia zone however evidence of a northerly trend in area 30 leads us to suspect possible other structures together with 2.0 g Au/t to 30 g Au/t over widths that vary from 1.0 to 17.0 m but average 4.0 m.
Starcore International Mining and El Creston Property development news: The Creston Property is centered 95 kilometers northeast of Hermosillo, north central Sonora State, Mexico. Access to the property from Hermosillo is by 145 km of paved highway and all season gravel roads. Travel time is approximately 2 hours. The 230KV power grid is 42 km to the west. The Property occurs within the Sonoran Desert along the western foothills of the Sierra Madre Occidental Mountain Range. The eastern portion of the property overlies the San Miguel River Valley. Local elevations range from 650 metres at the valley floor to in excess of 1100 metres at some of the higher mountain peaks. Vegetation consists primarily of cactus and scrub timber. See extra details at this website.