Gold investment benefits and Starcore undervalued gold company? In previous years, increased wealth of emerging market economies boosted demand for gold. In many of these countries, gold is intertwined into the culture. India is one of the largest gold-consuming nations in the world; it has many uses there, including jewelry. As such, the Indian wedding season in October is traditionally the time of the year that sees the highest global demand for gold (though it has taken a tumble in 2012.) In China, where gold bars are a traditional form of saving, the demand for gold has been steadfast.
Now coming back to the point of financial investment, today, we will try and answer the question that is it wise to invest in gold in 2020 or you should look somewhere else. Also, if investing in gold is, in fact, a great way to go, then how should one invest in gold? There are a lot of further subdivided questions that arise when we head on the way to answer this question and we will try to cover them all. To keep the information simple and elaborate at the same time, we will start with the basic and general info and then will make our way into more specific and technical domain. One more thing, to make the discussion more informative we will take up the example of gold rate in Mumbai and will stick to this to explain the concepts whenever required. So, without any further ado, let’s jump right into the discussion for today.
Restricted areas of close-spaced drilling of the near surface (less than 400 ft) have been conducted on the property starting in 1979 and extending to the present. Available records suggest that approximately 243 holes have been completed on the subject property, of which 159 have detailed records and assays available. This drilling indicates potential for additional gold mineralization at relatively shallow depths. Discover additional details 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: Most of the work completed on the Creston property has been concentrated on the evaluation of the El Creston Main and Red Hill Zones which together make up the Creston Deposit. Overall the Creston Deposit is up to 1100 metres long x up to 1000 metres wide. The work to date includes mapping, geochemical sampling, geophysical surveying and the completion of the following: In 2010 SRK Consulting completed Resource Inventory calculations based on the results 28 diamond drill holes completed by AMAX between 1974 to 1978 and 109 holes drilled by Creston Moly Corp representing 36,151 metres of core. The resources are summarized below. See additional details at this website.