RENO, NV - As gold miners and explorers moan and groan about the decline of major gold deposits in the world, former International Royalty Corp CEO Doug Silver asserts that at least 3,000 gold deposits currently exist globally with 4.9 billion ounces of gold reserves and resources.
In a presentation to the Geological Society of Nevada 2010 Symposium in Sparks, Nevada, Wednesday, Silver–whose passion for research and statistics burn as bright as ever even after selling IRC to Royal Gold for millions and millions-estimates that 638 of those deposits or 22% are endowed with at least one million each of contained ounces.
His research has revealed that 89% of the known gold ounces in this world reside in larger gold deposits. Of those ounces, 40% are measured and indicated resources, 31% are proven and probable reserves, and 29% are inferred resources. One third of them are open pit mineable and one third are located underground.
And, despite the declarations of major mining company CEOs and geologists that the days of really big gold discoveries are waning, Silver’s research has revealed the number of major gold discoveries has been increasing. In fact, the number of million-ounce-plus gold deposits discovered globally has been steadily increasing since the 1920s, he asserts.
“We’ve creating phenomenal value for our companies and our shareholders,” Silver said. “We’ve done very well.”
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As prospectors and explorers we need to be optimistic. Doug Silver certainly has the credentials to be able to talk on the subject of Gold Exploration. I cannot argue one way or another on the figures but I feel that his words are encouraging. There are indeed new world class gold deposits being discovered and explored, whatever the number is, there is certainly opportunity. Let us research and Let us go out in the hills and search for some new gold.
Happy Posting
This post was made at www.goldsearch.blogspot.com by Robert Freeman
About the author: Robert Freeman is a full time professional prospector with over 20 years direct hands on experience in the field. He manages a prospecting and exploration company which provides mineral claims, mineral claim staking, prospecting services, field and logistical services, along with consulting property management and acquisition services to the mining industry. He founded or played a key role in the formation of several exploration companies and has created mineral exploration land packages in numerous regions of Canada for both public and private companies.
Thursday, May 20, 2010
Wednesday, May 19, 2010
Richard Russell: You Won't Recognize America By The End Of The Year
Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.
He says to get out of all stocks but not gold stocks and get cash or gold preferably bullion.
Just as for years I asked, cajoled, insisted, threatened, demanded,
that my subscribers buy gold, I am now insisting, demanding, begging my subscribers to get OUT of stocks (including C and BYD, but not including golds) and get into cash or gold (bullion if possible).
If the two Averages violate their May 7 lows, I see a major crash as the outcome. Pul - leeze, get out of stocks now, and I don't give a damn whether you have paper losses or paper profits!
Read more: Link to Full Story
Happy Prospecting!
Just as for years I asked, cajoled, insisted, threatened, demanded,
that my subscribers buy gold, I am now insisting, demanding, begging my subscribers to get OUT of stocks (including C and BYD, but not including golds) and get into cash or gold (bullion if possible).
If the two Averages violate their May 7 lows, I see a major crash as the outcome. Pul - leeze, get out of stocks now, and I don't give a damn whether you have paper losses or paper profits!
Read more: Link to Full Story
Happy Prospecting!
Sunday, May 16, 2010
Trading in Gold and Silver
When we think about trading in gold and silver today we usually think about the buying and selling of these metals for investment purposes in a regulated exchange setting and/or hopefully profits from stocks in mining companies etc. but not for the purchase of every day items like groceries
In years gone by gold and silver were often traded for other goods and services including food and drink. If Joe citizen had beef Jane citizen could bring in some silver and get a nice beef roast.
With the concern in financial markets, rising unemployment, government over spending, inflation and currency devaluation of recent times, people are looking for alternative means for trade in their everyday life. I often wondered when we would see the rebirth of trading gold and silver for everyday goods and necessities.
The video below makes me think that the rebirth of direct trading with gold and silver may have started
Happy Prospecting and Happy Trading!
This post was made at www.goldsearch.blogspot.com by Robert Freeman
About the author: Robert Freeman is a full time professional prospector with over 20 years direct hands on experience in the field. He manages a prospecting and exploration company which provides mineral claims, mineral claim staking, prospecting services, field and logistical services, along with consulting property management and acquisition services to the mining industry. He founded or played a key role in the formation of several exploration companies and has created mineral exploration land packages in numerous regions of Canada for both public and private companies.
In years gone by gold and silver were often traded for other goods and services including food and drink. If Joe citizen had beef Jane citizen could bring in some silver and get a nice beef roast.
With the concern in financial markets, rising unemployment, government over spending, inflation and currency devaluation of recent times, people are looking for alternative means for trade in their everyday life. I often wondered when we would see the rebirth of trading gold and silver for everyday goods and necessities.
The video below makes me think that the rebirth of direct trading with gold and silver may have started
First Grocery Stores Begin To Accept Silver
Happy Prospecting and Happy Trading!
This post was made at www.goldsearch.blogspot.com by Robert Freeman
About the author: Robert Freeman is a full time professional prospector with over 20 years direct hands on experience in the field. He manages a prospecting and exploration company which provides mineral claims, mineral claim staking, prospecting services, field and logistical services, along with consulting property management and acquisition services to the mining industry. He founded or played a key role in the formation of several exploration companies and has created mineral exploration land packages in numerous regions of Canada for both public and private companies.
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