Best gold investment with Starcore? Investing in gold mining stocks is similar to investing in the stock market and the difference is just that gold mining stocks are related to the companies that are attached to gold mining. The performance of these stocks is more or less governed by the gold rates while other factors that should be considered are production cost, effective management, hedging activities etc. Investing in physical gold is the oldest method of making the gold investment. Whenever you buy gold, it is basically a gold investment. But, since we are speaking strictly on investment grounds, then there are two ways by which you can invest in gold i.e. Jewellery and Bars and coins.
Demand for gold has also grown among investors. Many are beginning to see commodities, particularly gold, as an investment class into which funds should be allocated. In fact, SPDR Gold Trust, became one of the largest ETFs in the U.S., as well as one of the world’s largest holders of gold bullion in 2008, only four years after its inception.
Starcore International Mining and El Creston Property development news: Most of the work completed on the Creston property has been concentrated on the evaluation of the El Creston Main and Red Hill Zones which together make up the Creston Deposit. Overall the Creston Deposit is up to 1100 metres long x up to 1000 metres wide. The work to date includes mapping, geochemical sampling, geophysical surveying and the completion of the following: In 2010 SRK Consulting completed Resource Inventory calculations based on the results 28 diamond drill holes completed by AMAX between 1974 to 1978 and 109 holes drilled by Creston Moly Corp representing 36,151 metres of core. The resources are summarized below. Read additional info at how to invest in gold.
The Toiyabe Project is located approximately 78 miles south-southwest of Elko, Nevada and is located only six miles south from one of Barrick Gold’s 5 core mines, Cortez Hills, which hosts over 9.9 million oz1. Other recent nearby discoveries include the ET Blue project 6 miles east and Red Hill about 10 miles east. Each of the discoveries is currently under development by Barrick, and is similar in genesis and host rocks to Toiyabe.
The flagship property of Starcore International Mines is the San Martin gold and silver mine. The mine has been in operation since 1993 at 350tpd and currently operates at 850tpd. The mine was acquired by Starcore in February of 2008 from Goldcorp who had acquired the asset through the takeover of Wheaton River. The mine is an underground epithermal deposit with gold quartz based limestone and has an average gold grade of 2.31 grams and 18 grams of silver ( NI 43-101 2014 Dave Gunning, Joe Campbell). The historical production of the mine is over half a million ounces and the mine sits on 100% owned claim package of 12,992 hectares, which offers the upside of exploration and the possibility of discovering the source of the current mineralization. Discover additional info at https://starcore.com/.