Enjoyment of large high-grade gold projects
About 193,472 tons of gold have been mined so far. If melted down, this would result in a cube with an edge length of 21.56 metres. About half of this went to industry and the jewellery sector. The remainder went to central banks, investors and private individuals in the form of coins and bars.
The gold companies that extract gold from the ground often operate profitably even at low gold contents, often as low as 0.5 grams of gold per tonne of rock, not least due to increasingly advanced mining technologies. However, if a mining area is difficult to reach or the mine is very deep, higher gold contents are required.
Gold companies that own large properties and can also shine with very good gold contents are likely to be among the winners.
This is reminiscent of TerraX Minerals and Ximen Mining. TerraX Minerals - https://www.commodity-tv.net/c/search_adv/?v=299034 - can be proud of its Yellowknife City gold project (783 square kilometers), one of six large high-grade gold properties in Canada. The recently obtained water license significantly increases the exploration and development potential of the project. The structures contained in the Yellowknife City Gold Project show clear potential. Similar to the Giant Mine, one of the highest grade mines in Canada located in this region.
Ximen Mining - https://www.commodity-tv.net/c/search_adv/?v=298917 - is also located in Canada, in British Columbia with three precious metal projects. The Gold Drop project was astonishing with extraordinary drill grades of up to 129 grams of gold and up to 1,154 grams of silver per ton of rock. Ximen Mining has recently announced the acquisition of the previously producing Kenville gold mine in southern British Columbia. This was the first underground mine in British Columbia. Shortly before, Ximen Mining had purchased nearly 13,000 hectares of land (adjacent to the Gold Drop project), making it the largest landowner in Greenwood County.
TerraX Minerals' latest corporate information and news releases (https://www.resource-capital.ch/en/companies/terrax-minerals-inc.html).
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