Finding gold is not an easy business
In the earth's crust, the gold content is around four grams per 1,000 tons of rock. Gold is found in primary raw material deposits as gold-bearing rock and also in secondary deposits such as soap deposits. In these the valuable metal concentrates, is mixed with sand and gravel and forms with other metals so-called "soaps". Washing gold from a river is certainly the easiest and cheapest way of extracting gold, but certainly not the most lucrative.
Soap gold is usually the smallest gold leaf, rarely in the form of nuggets. When it comes to river gold, the story of the Rheingold comes to mind. The story of the gold treasure sunk in the Rhine inspired Richard Wagner to create the "Ring of the Nibelungs". He hasn't been discovered yet. The small gold tinsel that can be found in the Rhine are extremely fine. On average, only 0.01 to 0.05 grams of gold can be found in a ton of river sand. Thus, this type of gold extraction is unprofitable. However, gold from the Rhine is very popular and is used to make jewellery or gold medals, for example.
It is more rewarding to extract gold from gold projects by gold companies. Caledonia Mining and Steppe Gold have been successful gold prospectors for years.
Caledonia Mining - http://www.commodity-tv.net/c/search_adv/?v=298787 - mined a good 12,700 ounces of gold at its Zimbabwe Blanket Mine in the second quarter of 2019, 6.4 percent more than in the first quarter. For the full year 2019, the Company anticipates 53,000 to 56,000 ounces of gold production. By 2022, it is expected to be 80,000 ounces of gold annually.
In Mongolia, the Tsaagan Ovoo gold project of Steppe Gold - http://www.commodity-tv.net/c/search_adv/?v=299041 - (100% owned) will soon start gold production. The development of a tailings pile lye is currently being completed. The costs here are comparatively low and the project is also open to resource expansion.
Current company information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd/).
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