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| Title: | https://starcore.com/ |
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| Description: | Best gold investment by Starcore? Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages. People see gold as a way to pass on and preserve their wealth from one generation to the next. Since ancient times, people have valued the unique properties of the precious metal. Gold doesn't corrode and can be melted over a common flame, making it easy to work with and stamp as a coin. Moreover, gold has an unique and beautiful color, unlike other elements. The atoms in gold are heavier and the electrons move faster, creating absorption of some light; a process which took Einstein's theory of relativity to figure out. Return rates of physical gold are never profitable if you invest in the gold jewellery. The reason being that the price of jewellery is not only determined by the gold rates but it also includes the making charges and this is the just the half story i.e. when you purchase the gold. Now, when you sell the gold, the story is totally different, the making charges are not considered and you get the money only for the pure gold based on the gold rates of that particular day. Take for example; the gold rate in Mumbai during December 2015 was 27000 Indian rupees for ten grams of 24 karat gold and assuming that you bought a gold necklace of 20 grams for about 60,000 Indian rupees which include the making charges too. Now, due to some reason you want to sell it and you go to a shop who quotes the price only for the gold that necklace contains and not for the stones it has or the copper which weighs it down to only 13grams and the cost of 13 grams of pure gold in 2020 is only 40000 Indian rupees in 2020, obviously, it is a loss deal for you and thus, poor return rates are one of the downsides to keep in mind while investing in physical gold. Molybdenite was discovered on the property in 1965 by Newmont Mining Corp. (Newmont). Between 1965 and 1967 Newmont completed limited mapping, sampling, trenching and drilled 26 holes totalling 8100 m (26,578 feet) in length. From 1967 to 1990 minor exploration consisting of thin section and alteration studies and limited drill core sampling was completed. Starcore acquired the property through acquisition of Creston Moly from Bankruptcy in 2015. Exploration at Ajax was concentrated in two drilling programs completed by Newmont Mines in 1967-68 (26 holes-8100.9 metres) and Tenajon Resources Corp 2005-2007 (22 holes-7258.6 metres). Following the 2007 an updated resource calculation was completed by Giroux Consultants the results of which are summarized below. Read extra info at gold investment in Mexico. 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. |
