Gold in Idaho with BondResources? Precious metals, such as gold and silver, are viewed as a “safe haven” investment when banks are unstable and there is political unrest in a country. Also, precious metals are used extensively in a variety of industries, and the price of these metals will fluctuate depending on demand. Additionally, for metals like platinum and palladium that are used to reduce emissions in cars, investors can see an increase in price when regulations on the metal’s applications cause a high demand. At these times, investors can sell at a price higher than what they paid, and turn a profit.
Extraction from surface is permitted and test mining is planned to begin immediately. Material will be stockpiled and then processed once a mill is purchased. Toll mining is another potential near-term option. This should generate significant cash flow which is intended to finance the development and exploration of the existing workings.The plan is to extract gold mineralization at a rate of 150 tpdby the end of 2020.
The company plans to develop and test-mine the historical high-grade Mary K mine in Idaho. Bond Resources has signed an L.O.I with the owners of the mineral leases and 450 acre property. Conditions of the underground workings are currently unknown, but additional development and/or rehabilitation is considered straight forward. Elk City is located 33 miles ESE of Grangeville, Idaho. It is the closest town. Elk City is accessed by a well maintained two lane highway (Hwy 14), which follows the south fork of the Clearwater River.
The mine was shut down for WWII and never reopened.Only about 2,000 tons of gold mineralization were mined at Mary K.The average grade reported by Mr. Kleesattelwas around 0.65 opt (ounce per ton)The last workings developed by Kleesattelwere below the #4 level, near what he called “the apex of a very rich ore shoot”.There, 23 feet below the #4, he recorded assays of of11.02 to 59.12 opt.Kleesattelhad a stroke shortly after WWII was over, and passed away leaving his wife, Mary, to hold the land until her death. Read even more details on Idaho gold investment.
In previous years, increased wealth of emerging market economies boosted demand for gold. In many of these countries, gold is intertwined into the culture. India is one of the largest gold-consuming nations in the world; it has many uses there, including jewelry. As such, the Indian wedding season in October is traditionally the time of the year that sees the highest global demand for gold (though it has taken a tumble in 2012.) In China, where gold bars are a traditional form of saving, the demand for gold has been steadfast.
Mr. Carrabba spent much of his career working for multinational mining operations in North America, Australia, Latin America and Asia. His wide range of experience also includes working on Health and Safety and Environmental and Social Responsibility committees. See additional details on https://bondresources.ca/.