Quality counts in the gold mining business
Discovering and developing new gold deposits is not easy. Junior explorers in particular do not have it easy - unless the properties have special quality characteristics.
The heavyweights of the gold mining industry tend to shy away from the risk of new discoveries. Rather, they turn their attention to nearby mines. The development of new mines is riskier, junior companies have to attract financing and success is not necessarily inevitable. So there are numerous projects, which then run again in the sand.
Projects that survive and also have special quality features, such as very high gold contents, then become all the more interesting. The big players in the industry have also noticed this, as they are investing significantly more in junior companies than they did years ago.
Very high gold contents in particular make the industry sit up and take notice. This is what happened at Ximen Mining. Their Gold Drop project returned the seventh best drill result to date in Canada in 2019: 129 grams of gold and 1,154 grams of silver per ton of rock at a shallow depth of only 20 metres. Ximen Mining not only owns several high-grade properties, but can now also use a nearby processing facility. The company also discovered tellurium, a very rare metal used in solar cells, on the Gold Drop project.
Treasury Metals - https://www.commodity-tv.net/c/search_adv/?v=298722 - was also able to discover excellent gold grades on its Weebigee project in northwestern Ontario: Up to 81.59 grams of gold per ton of rock. Treasury Metals acquired this area in 2016 and the Goliath gold project, 100% owned by Treasury Metals and also a high grade gold project, will be one of Canada's next producing gold mines.
Current company information and press releases from Treasury Metals (www.resource-capital.ch/en/companies/treasury-metals-inc/).
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