The majority of gold mined in Mexico is as a co-product, first, of silver, and secondly of copper. The bedrock beneath Mexico is laden with an intricate, and valuable network of vein deposits of minerals.
Investors will know it best for its production of silver, with over 10 billion ounces mined; however, Mexico is also abundant in quantities of gold, copper, lead and zinc. Mexico’s ever-expanding gold mining industry is well positioned for a strong year in 2010, with output expected to increase by an additional 880,000 ounces to nearly 2.5 million ounces, representing an approximately 50 percent increase over 2009’s projected figures.
Nevada is home to the famous Carlin trend, one of the top three gold fields in the world. The Carlin and other mines along the trend pioneered the method of open-pit mining with cyanide heap leach recovery that today is used at large low-grade gold mines worldwide. The state is also home to other prolific gold trends, including the Cortez.
Bold Ventures (CVE:BOL) annouced today that it has completed a letter of intent with JK Gold Mexico to acquire a 50% stake of a number of properties in Mexico. Included in the land package is the Causas projects which is contiguouse and along strike to the San Dimas gold and silver mine operated by Goldcorp [...]
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