Gold producer in Mexico by Starcore? Gold is a precious metal and we all know that. As we have mentioned earlier, gold holds a special place in any Indian household and is considered a wealth of the family, for example, the gold jewels are passed on from one generation to the other as a legacy and a symbol of family wealth. Have you ever tried to invest in real estate or tried to make any financial investment? If yes, then you must know that buying gold is much easier than real estate or anything else. It is safe for the people who are trying to start doing investments as very less risk is involved with the gold purchase.
Much of the supply of gold in the market since the 1990s has come from sales of gold bullion from the vaults of global central banks. This selling by global central banks slowed greatly in 2008. At the same time, production of new gold from mines had been declining since 2000. According to BullionVault.com, annual gold-mining output fell from 2,573 metric tons in 2000 to 2,444 metric tons in 2007 (however, according to Goldsheetlinks.com, gold saw a rebound in production with output hitting nearly 2,700 metric tons in 2011.) It can take from five to 10 years to bring a new mine into production. As a general rule, reduction in the supply of gold increases gold prices.
Starcore International Mining and El Creston Property development news: The A-37 Zone is located to the immediate south of the Creston Deposit. The zone is underlain by Proterozoic Augen Gneiss and Laramide Intrusive Breccia. Four holes have tested the zone with two of the holes intersecting near surface molybdenum values. Hole A-37, a vertical hole, included? a 94 metre intersection averaging 0.094% molybdenum commencing at a depth of 42 metres. The limited drilling does not allow for the establishment of limits of mineralization. Read more info on gold in Mexico.
The Ajax Property occurs along the western margin of the Stikinia Terrane of the North America Cordillera, immediately adjacent to the eastern margin of the Coast Plutonic Complex. The property is underlain by Jurassic Hazelton Group rocks consisting primarily of argillaceous sediments and minor interbedded andesite tuffs that locally has been intruded by four closely spaced stocks of quartz monzonite porphyry. The Ajax deposit occupies a rectangular area approximately 650 m x 600 m that ranges in elevation from 425 masl to 1050 masl. The mineralization is predominantly pyrrhotite and lesser molybdenite that typically comprises less than 2% of the rock by volume. Molybdenite is typically associated with quartz and occurs in pyrrhotite-bearing veinlets, in thin stringers and on fracture and shear surfaces. Areas of elevated molybdenite grades (>0.060% Mo) are characterized by a high fracture density where quartz vein stockwork is well developed. Lower grade material (0.030 to 0.060 % Mo), is found in areas of weaker fracturing and forms a broad halo around the higher grade zones, especially below the 762 m elevation contour.
Discovered in 2012 this area has been found to host several veins 1 – 5m thick generally dipping 20 degrees to the east and striking north/south. It has been found within 50 meters of main in the footwall of San Martin structure in the footwall which was previously thought to be exclusively shales. To date at least 4 veins have been found above level 4 in the northeast of San Martin and possibly 2 veins above level 2 further south. Some of the veins are vertical and some are dipping around 40 degrees. In general most are striking parallel to San Martin breccia. Find additional details at https://starcore.com/.