Strong Gold District
Type B Water Licenses or Type A Land Use Permit - for these two designations the teams of many gold companies are powerfully in the straps. Because without the water rights or the licence to work in the area, the precious metal found or at least suspected there remains in the ground. Canada and the individual North American provinces are no exception. Those who receive the green light from the authorities can not only rejoice, but also the shareholders have greater chances of share price gains.
GoldMining is one such company that has recently received this Type B license or Type A permit. This concerns the Yellowknife project in the north of the Canadian province of the Northwest Territories. After all, GoldMining is reporting 1.1 million ounces of gold resources (measured and indicated) for this project. The average gold content per ton of rock is 2.33 grams. In particular, the possibility of building roads now and further developing the project is a major advantage of the permits. For GoldMining, however, Yellowknife represents only part of its projects in North and South America. These range from Brazil to Colombia and Peru to Alaska.
Just south of GoldMining's Yellowknife property, TerraX Minerals owns the Yellowknife City Gold Project. What is interesting about this gold district is that producing gold mines, Giant and Con, have already been successful there. The Giant Mine produced 8.1 million ounces of gold and the Con Mine 6.1 million ounces. This also means good chances for TerraX Minerals to build another successful gold mine in this gold district.
Current corporate information and news releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc.html) and TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/).
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