Business News Network

Gold company Idaho with bondresources.ca? Another risk of investing in physical precious metals is the danger of theft. Having these metals stored in one’s home provides a higher chance of the metals being stolen during a robbery. There are risks associated with owning precious metals, buy history has shown that metals carry less risk than stocks and futures and are a great way to diversify a retirement portfolio.

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 Mary K mine was first staked on Jan 11908 by Maxwell and Williams.They sunk two shafts and dug cuts along the vein for 3,000 feet.Richard Kleesattel, a mining engineer, picked the mine up in 1915 and began expanding the underground workings.Between 1929 and 1942 Mr. Kleesatteldeveloped at least 2,400 feet of underground workings.The longest is the #4 Level, or Main Access, which is over 2,000 ft long,1,100 ft of it were in high-grade gold mineralization. Discover even more info at gold investing US.

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 a 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.

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. Read extra information at https://bondresources.ca/.