Gold investing US with BondResources? Even though investing in physical precious metals seems like a very good idea, people need to consider all of the risks. As with all investments, precious metals can be a gamble. While history has shown that the value of precious metals increases over time, there is no guarantee that they will continue to do so, or to increase at the desired rate. Also, like all financial instruments (stocks and futures included), prices can be affected by large national and international financial institutions.
Test mining will determine if the observed average bulk sample grades of 0.6 opt gold are consistent along the entire strike length of the Mary K Vein at surface. The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resources and it is uncertain if further exploration will result in the target being delineated as a mineral resource. A 500 lbsample from surface returned 0.79 ounce per ton.A 2 Kg sample from surface sent to theBureau Veritas laboratory in Richmond, B.C. returned 44.3 g/t with a combined gravity and flotation recovery of 96.3%.
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. See extra information on gold company US.
Although the U.S. dollar is one of the world’s most important reserve currencies, when the value of the dollar falls against other currencies as it did between 1998 and 2008, this often prompts people to flock to the security of gold, which raises gold prices . The price of gold nearly tripled between 1998 and 2008, reaching the $1,000-an-ounce milestone in early 2008 and nearly doubling between 2008 and 2012, hitting around the $1800-$1900 mark. The decline in the U.S. dollar occurred for a number of reasons, including the country’s large budget and trade deficits and a large increase in the money supply.
Mr. Carrabba is a mining executive with over 42 years of management and operational experience in the resource industry. He has served on boards of several listed companies including Newmont Mining, Key Bank, Lithium-X and Fura Gems. Mr. Carrabba is currently an active board member on NYSE-listed Timken Steel as well as TSX-listed AECON and NioCorp. See additional details at https://bondresources.ca/.
