Gold Claims for Sale Ontario Canada
Gold Claims for Sale: Why is Gold so Precious?
Although gold is precious, it is not because it is rare. But because it is very popular, it becomes very valuable with gold claims for sale. However, gold does not react with air or water readily as well as it maintains a constant weight all through its life. Other metals such as copper and iron lose weight as they are oxidizing.
Gold Claims for Sale Ontario Canada:
The Kidd Creek mine east of Timmins was the site of a gold discovery in 1963. The greatest amount of gold recovery in Ontario has come from lode deposits, and there is practically no placer deposit. The water deposited tons of gold in the quartz vein near geological faults.
Where is the East of Red Lake Ontario?
Red Lake Ontario is situated at the end of highway 105, and its shores at Howey Bay. If you are driving from the United States, the quickest way to get to the red lake is to go through the international forts France border. The lakes head east from the forts of France on highway 11 for an estimated distance of 30km.
Are there gold claims for sale in East of Red Lake Ontario?
Yes, the mine is estimated to reserve about 3.23 million oz of gold. The two principal mines Campbell and Red lake both have historic ore grades averaging 0.57oz/ton of gold. However, the rock mineralization features in this district are complicated. This is because the rock in this area dates back to 2.85 billion years ago.
Will we run out of gold?
Yes, it is based on the known reserves. Geologists and scientists suggest that gold mining can reach the point of being economically unstable due to 2050. However, if you are an investor, this should not worry as new gold veins are more likely to push that date back. For now, gold is yet to run out, and this is considered to be the wisest investment option for any smart investor.