Gold in Idaho with BondResources
Best gold deal Idaho? Physical precious metals include gold, silver, platinum, palladium and copper. Precious metal bullion is usually made into bars, rounds or coins, and when purchased, the owner takes physical possession of the commodity. For an investment in precious metals to be successful, the investor must wait to sell for the value of the metal to exceed the value at the time of purchase. So why do people invest in physical precious metals?
Test mining will determine if the observed average bulk sample grades of 0.6 opt gold are consistent along the entire strike length of the Mary K Vein at surface. The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resources and it is uncertain if further exploration will result in the target being delineated as a mineral resource. A 500 lbsample from surface returned 0.79 ounce per ton.A 2 Kg sample from surface sent to theBureau Veritas laboratory in Richmond, B.C. returned 44.3 g/t with a combined gravity and flotation recovery of 96.3%.
The Elk City area sits in a metamorphic complex that is adjacent to the Idaho Batholith. All the large veins trend east-west and are anywhere from 500 to 3,000 feet long.They are en-echelon, meaning they look like rungs of a ladder when looking from above. While the company believes the historical sampling data shown in the map is reliable, readers are cautioned that a qualified person has not completed sufficient work to be able to verify the historical information and therefore the information should not be relied upon.
The Mary K mine was first staked on Jan 11908 by Maxwell and Williams.They sunk two shafts and dug cuts along the vein for 3,000 feet.Richard Kleesattel, a mining engineer, picked the mine up in 1915 and began expanding the underground workings.Between 1929 and 1942 Mr. Kleesatteldeveloped at least 2,400 feet of underground workings.The longest is the #4 Level, or Main Access, which is over 2,000 ft long,1,100 ft of it were in high-grade gold mineralization. Discover additional information on gold in Idaho.
Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else. Moreover, gold is seen as a good store of value so people may be encouraged to buy gold when they believe that their local currency is losing value.
Mr. Carrabba spent much of his career working for multinational mining operations in North America, Australia, Latin America and Asia. His wide range of experience also includes working on Health and Safety and Environmental and Social Responsibility committees. Discover even more info on here.