Home to the richest gold deposit in the world operated by Goldcorp Inc. :-)
Proactive and stable mining jurisdiction :-)
Gold belt has >23M oz of past production :-) and is 50 years 'younger' in terms of exploration :-) and development than the major Timmins and Kirkland Lake gold camps, Canada
The Red Lake camp has an average grade of 0.42 oz/ton gold :-)
New major gold targets being identified by companies :-) and government surveys
NOTE EX..What appears to have happened in China is a total relaxation of strictures on holding precious metals by the individual with the government pushing gold and silver as an investment option, seemingly at every opportunity. This is a far cry from the situation only a few years ago where the distribution of gold and silver was strictly controlled. Now, the Thunder Road Report notes that every bank will sell gold and silver bullion bars in four different sizes to individuals and gold related investments are said to be soaring in popularity.
Around a year ago, Leyshon Resources managing director, Paul Atherley, in an investor presentation in London - and no doubt delivered elsewhere in the world too - commented that some employees at the company's gold mining project in northern China would, on pay day, go to the local bank and buy a small gold bar as an investment and wealth protector. To an extent we put this down at the time to mining company hype - but this seems to be exactly the same phenomenon noted by Thunder Road.
The Chinese are being converted from being the lowest per capita gold consumers in the world to a nation of small precious metals investors. Now, by next year, Chinese consumption of gold is likely to exceed that of India, which has been for years the world's biggest gold market. And one suspects that the potential for gold purchasing by individuals is only in its earliest stages. As more and more Chinese move into the cities and individual wealth grows, this trend is only likely to accelerate....
WHY RED LAKE GOLD BELT? Hi mick, well the gold investors haven't discovered CQR or gold yet, imo.
Red Lake Home to the richest gold deposit in the world operated by Goldcorp Inc. :-)
Proactive and stable mining jurisdiction :-)
Gold belt has >23M oz of past production and is 50 years 'younger' in terms of exploration and development than the major Timmins and Kirkland Lake gold camps, Canada :-)
The Red Lake camp has an average grade of 0.42 oz/ton gold :-)
New major gold targets being identified by companies :-) and government surveys :-)
Market Data 
Markets 
AI
