The gold-rich soil of Timmins, Ontario is proving to be a bit richer than Temex Resources Gorp (FWB:TQ1) had originally forecast. Tuesday, the low-risk Canadian gold mining company announced an update to its mineral resources estimate for the Whitney Gold Property in Timmins, Ontario Canada. According to the company, there is actually 87 percent more gold in the 3 grams per tonne cut-off grade sensitivity than had been estimated back in September of 2012.
Located at 500 meters’ depth, the company had originally planned to use open pit extraction methods to reach this particular vein of gold, but these reports suggest it might be better suited for bulk underground mining.
The Next 25 Years of Gas Profits
Some people have a hard time backing out and looking at investments in the long, long term…at the investments that take more than twenty years to pay off. But some industries move at a slower pace than others, and though they seem glacial, the potential payoff is immense. The gas sector is one, and we’re looking down a long road toward potential big changes.