Gold investment benefits and Starcore undervalued gold company: Gold retains its value not only in times of financial uncertainty, but in times of geopolitical uncertainty. It is often called the “crisis commodity,” because people flee to its relative safety when world tensions rise; during such times, it often outperforms other investments. For example, gold prices experienced some major price movements this year in response to the crisis occurring in the European Union. Its price often rises the most when confidence in governments is low.
People make investments to arrange for a source of income for their post-retirement life or for their children. Gold investment is not the one made for this specific purpose as you invest in gold once and you sell the gold once, there is no continuous profit involved that flows into your pockets. So, Gold probably is one of the best hard assets but when it comes to investing in an income, it fails. How can you Invest in Gold in 2020? There are multiple ways of investing in gold and in this section, we are precisely going to talk about that along with information for how much beneficial or safe is it to invest in each of the options.
Molybdenite was discovered on the property in 1965 by Newmont Mining Corp. (Newmont). Between 1965 and 1967 Newmont completed limited mapping, sampling, trenching and drilled 26 holes totalling 8100 m (26,578 feet) in length. From 1967 to 1990 minor exploration consisting of thin section and alteration studies and limited drill core sampling was completed. Starcore acquired the property through acquisition of Creston Moly from Bankruptcy in 2015. Exploration at Ajax was concentrated in two drilling programs completed by Newmont Mines in 1967-68 (26 holes-8100.9 metres) and Tenajon Resources Corp 2005-2007 (22 holes-7258.6 metres). Following the 2007 an updated resource calculation was completed by Giroux Consultants the results of which are summarized below. See additional info at gold in Mexico.
The flagship property of Starcore International Mines is the San Martin gold and silver mine. The mine has been in operation since 1993 at 350tpd and currently operates at 850tpd. The mine was acquired by Starcore in February of 2008 from Goldcorp who had acquired the asset through the takeover of Wheaton River. The mine is an underground epithermal deposit with gold quartz based limestone and has an average gold grade of 2.31 grams and 18 grams of silver ( NI 43-101 2014 Dave Gunning, Joe Campbell). The historical production of the mine is over half a million ounces and the mine sits on 100% owned claim package of 12,992 hectares, which offers the upside of exploration and the possibility of discovering the source of the current mineralization.
Starcore International Mining and El Creston Property development news: In February 2015, Starcore International Mining, through its acquisition of Creston Moly Corp, acquired a 100% interest in the El Creston Property. The El Creston Property hosts a 5.5 km long x up to 1.5km wide trend of hydrothermal alteration in which several zones of molybdenum +/- copper +/- silver mineralization occur. At the El Creston Main/Red Hill Zone a significant resource of molybdenum and copper has been outlined. In addition, there are five other zones, Alejandra, A-37, Red Hill West, Red Hill Deep and the West Copper with potential to host significant resources of molybdenum and/or copper. Read extra details on here.