THE RISE AND RISE OF GOLD IS AS SURE AS THE SUN WILL RISE TOMORROW

GOLD IS WHERE YOU FIND IT NOT WHERE IT SHOULD BE!

The is an old saying in the Gold Industry. Gold is where you find it NOT where it is supposed to be. Nothing could be closer to the truth. Although most every country in the world has Gold deposits of some descriptions depending upon the age of the country. There are some that have more than others. Gold has been mined over the past 3,000 years and has always been the most admired and rarest sought after metal of all metals. So abundant centuries ago and mostly found on the surface of the earth, man has had to use new techniques to find the elusive metal. No longer can you find a quartz reef and mine the surface Gold which was abundant around quartz reefs all those years ago. Sure there are still some native gold nuggets to be found sitting less than a metre under the ground and discovered using metal detectors, but the main game now is having to use techniques like, Geophysical surveys looking for magnetic and conductive structures hundreds and sometimes thousands of metres below the surface. This new age form of exploration can be very expensive and each exploration mineral field has to find the right type of geophysical technique that is most suitable for their ground. Sure we know that the granites and the sub surface activity of historical volcanics millions of years ago that provide the heat and the source of the mineralization, but then its finding the pathways of the mineral fluids that is the puzzle.

There are so many types of geophysical surveys today EP, Induced Polarisation, aircraft and heli-borne magnetics, sub audio magnetics (SAM), gravity surveys, down hole surveys, magnetotelluric surveys which go down to 10 klms under the surface all looking for that sign.

Then of course there is the drilling into the ground, that follows and the signs for the mineralization and the structures and the passage ways for the fluids carrying the minerals begins. Its not easy and with each passing year and the hunger for gold the rush is on like never before. As each year goes by there is another year of Gold removed from the ground.The days of the shallow Gold finds are becoming less frequent and the cost of labour and expertise, machinery, exploration, mining and general costs has risen more than 500% over the past decade. Such a short time and such a major impact to costs and Gold prices. This has had a great impact on the metal prices, because, like anything its all about supply and demand to provide pricing for any object, whether it be Gold or a fish or a length of timber. All commodities are becoming more rare by the day and one of the most rare metals in the world right now is Gold. Gold is now almost twice the price of Platinum which would have been unheard of twenty years ago.

Jurisdictions for Mining and risks

As well as the search for Gold it is important for mining companies to search in a jurisdiction that is not going to take the prize away from you when you spend the money finding it. Africa is probably the worse jurisdiction in the world followed by Thailand and New Guinea. These countries have an abundant of Gold but are so political corrupt, dangerous or inept that it is not worth the risk in those countries. There are a lot more countries that are not worth doing business in. Australia, the USA, Canada and some European countries are probably the only jurisdictions worth spending shareholders money exploring. Australia, particularly West Australia and South Australia and Northern Territory are the best jurisdictions for advancing and approving mining projects with the three states on the eastern seaboard just basket cases due to the EPA departments just totally out of control, without fear from their Governments.

Goldman

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