Raw materials for progress
Today around 1.2 billion people live without access to electrical energy. This was found out by the International Energy Agency during its study in 140 countries. In the year 2000 there were still 1.6 billion earth citizens. The supply of energy as well as the expansion of infrastructure requires copper as a raw material. Copper is particularly important for high-quality power cables. In addition, demand for copper is high in the automotive industry, especially in the electromobility sector.
Copper is the commodity Auryn Resources specialises in - http://www.commodity-tv.net/c/search_adv/?v=298861. These include the Committee Bay and Gibson MacQuoid projects in Nunavut, Canada and the Homestake Ridge project in Canada, as well as Sombrero, Huilacollo, Banos del Indio and other projects in Peru. In Peru, 91 percent of people have access to electricity.
Electricity can also be generated from geothermal energy with the help of geothermal projects. One resource company that owns such a geothermal project is Bluestone Resources. The Mita geothermal project in Guatemala - where, incidentally, around 78 percent of the population have access to electricity - was already confirmed to have a positive economic performance in 2013 in a feasibility study.
However, Bluestone Resources - http://www.commodity-tv.net/c/search_adv/?v=299040 - has the Cerro Blanco gold project in Guatemala in addition to the geothermal project. With very good drilling results (up to 19.9 grams of gold and up to 281 grams of silver per tonne of rock) and 100 percent wholly owned by the Company, an average annual gold production of 146,000 ounces is expected. The feasibility study has been completed.
And Guatemala is a good location as it is the largest and most powerful economy in Central America.
Current corporate information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/).
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