Eldora Gold Resources News-By Brad Zigler. We’ve expounded on the option market insurance model in this column before. In their most basic utility, options offer investors protection from catastrophic changes in asset values, just like homeowners, automobile and gulp! life insurance contracts.
And just like other insurance markets, option prices are determined in part by the issuers’ perception of risk. When the odds of a payout increase because of increased fire hazards, a poor driving record, disease or wobbly asset values the cost of protection rises.
Eldora Gold Resources News-By Brad Zigler. We’ve expounded on the option market insurance model in this column before. In their most basic utility, options offer investors protection from catastrophic changes in asset values, just like homeowners, automobile and gulp! life insurance contracts.
And just like other insurance markets, option prices are determined in part by the issuers’ perception of risk. When the odds of a payout increase because of increased fire hazards, a poor driving record, disease or wobbly asset values the cost of protection rises.
For years now, professional traders have gauged risk in the investment market by metering the volatility assumptions embedded in option prices. The Volatility Index (VIX) measures the expected variance in the stock market over the ensuing 30 days by extracting the implied volatility of near-term options on the SPDR Depository Receipts (SPY).
Eldora Gold Resources News-More recently, the VIX concept has been translated to the oil and gold market. The CBOE Gold Volatility Index (GVZ) has been tracking risk expectations in the gold market by distilling the “IV” (“implied volatility”) SPDR Gold Shares Trust (GLD) options for the past couple of years.
Presently, GVZ pegs the annualized volatility of the gold market at 20 percent. Is that high or low? Well, it’s certainly higher than it was. Last month, anyway. Back in September, when gold was reaching new nominal highs, GLD volatility dipped as low as 16.7 percent.
The implication? Back then, option traders were pricing contracts with the expectation that gold prices proxied by GLD would likely vary up or down 1.4 percent (16.7 percent divided by 12 months) over a 30-day period.
When GVZ aka volatility is high, writing (selling) naked options and credit spreads are more likely to make money. When GVZ is low, debit spreads and naked option purchases are favored.
Relatively speaking, buying GLD options would have been the play in mid-September. If you were exceptionally prescient, you would have bought calls for a month-long, $130-an-ounce ride up Bullion Mountain.
GVZ peaked at 22.6 percent along with gold prices on Oct. 14. GVZ then signaled a heightened risk of change in gold’s price trend. Now GVZ’s falling along with gold prices, indicating a certain market complacency with the trend.
The Gold Insurance Cost Index measures the risk of price trend changes as well and, as you can see from the chart below, pretty much tracks alongside GVZ. The insurance index is derived by comparing GLD option premiums to SPY contract costs. Each day, puts with at least eight weeks til expiration and each 10 percent out of the money are ratioed: the GLD put premium in the numerator and the SPY premium down below. The daily change in the resulting percentage is then indexed to a base level. In the chart below, the starting date is arbitrarily set as July 23.
Eldora Gold Resources News – The essential difference between the two metrics is volatility itself. The insurance index is more sensitive and generally renders its peak and trough signals a day or two sooner than GVZ. Time can be a great advantage to a trader or a hedging investor giving insurance index followers a bit of a jump on GVZ watchers.
Of course, tracking GVZ is easy. No calculation is required. Its value can be pulled up in real time along with any other market quote.
Eldora Gold Resources News-gold’s Insurance Cost Index Explained
Saturday, February 19, 2011
BBC News - Gold firm raises cash from sale
The company hoping to mine for gold in the Trossachs has raised more than £600,000 to continue exploration.
Scotgold Resources has sold 9% of new shares to investment company Kenglo One Ltd.
Kenglo, a Jersey-based investment company, specialises in natural resources.
Scotgold Resources is intending to reapply for permission to mine for gold in the Loch Lomond National Park after being turned down last August.
The company has also lodged an appeal with Scottish ministers but is expecting a planning decision later this year.
Earlier this week Scotgold Resources admitted it had "tested" the patience of its shareholders with the delay in progressing the Cononish mine.
However, the company said it was now poised to add considerable value to the company through a successful reapplication and further patience would be "amply rewarded".
The company said it had the support of the local community and senior politicians in Scotland.
It said its relationship with the executive of the Loch Lomond and Trossachs National Park had entered a new more collaborative phase, giving them greater confidence for a positive result.
The company added: "In concert with progressing Cononish, the company has been active in advancing its exploration prospects.
Continue reading the main story
Scottish gold facts
* Scottish gold is amongst the most expensive in the world
* It is soft and a richer yellow than most other golds
* Gold has not been commercially mined in Scotland for 500 years
"Significant and encouraging results have been recorded over the Beinn Udlaidh area in terms of the discovery of the extension to the Beinn Udlaidh vein, the Beinn Udlaidh breccia pipe system and the Glen Orchy river vein area.
"These areas will form the target for further exploration initiatives in the 2011 exploration season."
Scottish gold is reported to be amongst the most expensive in the world - a gram of it can cost more than five times the price of normal gold.
It is said to be easily workable because of its softness and a richer yellow colour than commercially-marketed gold.
If plans work favourably for the company, it will be the first time the precious metal has been successfully extracted from a Scottish mine for more than 500 years.
In 1868/69 Scotland enjoyed its own year-long "gold rush" similar to those in California and Australia, when hundreds of prospectors descended on Kildonan in Sutherland to pan streams on the Duke of Sutherland's estate.
Historically Scottish gold was used to make coins during the reigns of King James V and Mary Queen of Scots, while in 1999 the current Queen presented the new Scottish Parliament with a silver mace, adorned with a ring of Scottish gold.
Scotgold Resources has sold 9% of new shares to investment company Kenglo One Ltd.
Kenglo, a Jersey-based investment company, specialises in natural resources.
Scotgold Resources is intending to reapply for permission to mine for gold in the Loch Lomond National Park after being turned down last August.
The company has also lodged an appeal with Scottish ministers but is expecting a planning decision later this year.
Earlier this week Scotgold Resources admitted it had "tested" the patience of its shareholders with the delay in progressing the Cononish mine.
However, the company said it was now poised to add considerable value to the company through a successful reapplication and further patience would be "amply rewarded".
The company said it had the support of the local community and senior politicians in Scotland.
It said its relationship with the executive of the Loch Lomond and Trossachs National Park had entered a new more collaborative phase, giving them greater confidence for a positive result.
The company added: "In concert with progressing Cononish, the company has been active in advancing its exploration prospects.
Continue reading the main story
Scottish gold facts
* Scottish gold is amongst the most expensive in the world
* It is soft and a richer yellow than most other golds
* Gold has not been commercially mined in Scotland for 500 years
"Significant and encouraging results have been recorded over the Beinn Udlaidh area in terms of the discovery of the extension to the Beinn Udlaidh vein, the Beinn Udlaidh breccia pipe system and the Glen Orchy river vein area.
"These areas will form the target for further exploration initiatives in the 2011 exploration season."
Scottish gold is reported to be amongst the most expensive in the world - a gram of it can cost more than five times the price of normal gold.
It is said to be easily workable because of its softness and a richer yellow colour than commercially-marketed gold.
If plans work favourably for the company, it will be the first time the precious metal has been successfully extracted from a Scottish mine for more than 500 years.
In 1868/69 Scotland enjoyed its own year-long "gold rush" similar to those in California and Australia, when hundreds of prospectors descended on Kildonan in Sutherland to pan streams on the Duke of Sutherland's estate.
Historically Scottish gold was used to make coins during the reigns of King James V and Mary Queen of Scots, while in 1999 the current Queen presented the new Scottish Parliament with a silver mace, adorned with a ring of Scottish gold.
Eldora Gold Resources News – Correction in Precious Metals Likely to Set Stage for Further Run Ups | Currency Trading Exchange Guide
Eldora Gold Resources Canada News – China іѕ tһе world’s Ɩаrɡеѕt producer οf gold, bυt іt һаѕ plenty οf οtһеr precious metals аחԁ rare minerals аѕ well. Sοmе іח tһе world аrе already worried аbουt ѕο much power concentrated іח one рƖасе.A Bloomberg Report tһіѕ week stated tһаt silver exports frοm China, one οf tһе world’s Ɩаrɡеѕt, mау drop аbουt 40 percent tһіѕ year аѕ domestic demand frοm industry аחԁ investors climbs. China іѕ tһе third-Ɩаrɡеѕt producer аftеr Peru аחԁ Mexico. It іѕ expected tһаt reduced exports wіƖƖ boost prices. Industrial applications fοr silver, including electrical conductors аחԁ batteries, represent аbουt half global demand. Silver һаѕ rallied 44 percent tһіѕ year, outperforming gold аחԁ copper.Eldora Gold Resources Canada News – Iח addition, China, wһісһ һаѕ bееח blocking shipments οf crucial minerals tο Japan fοr tһе last month, һаѕ аƖѕο halted ѕοmе shipments tο tһе United States аחԁ Europe. Tһеѕе rare earth minerals аrе crucial tο manufacturing many advanced products such аѕ radar, cell phones, high-powered magnets аחԁ mini-hard drives іח laptop computers. China’s control οf tһеm аחԁ іtѕ willingness tο flex іtѕ economic muscles seem сеrtаіח tο further intensify trade аחԁ currency tensions. Tһе bаԁ news іѕ China mines 95 percent οf tһе world’s rare earth elements. If restriction οח exports οf tһеѕе minerals continues, іt сουƖԁ force multinational companies tο produce more οf tһеіr high-technology goods іח China.Speaking οf mining, Ɩеt’s take a look аt tһе long-term XAU chart. Tһе XAU (gold аחԁ silver stocks index) Index failed tο brеаk іחtο חеw highs – аѕ visible οח tһе very-long-term chart above. Although wе see іt presently аt a declining support level, wе don’t expect tһіѕ level tο hold given declining gold, silver аחԁ stock prices.Eldora Gold Resources Canada News – Support levels such аѕ tһе lower border οf tһе trading channel, previous local tops, аחԁ multi-year support levels аrе аƖѕο іח play. Tһе declining, short-term trend line һаѕ bееח broken recently mοѕt ƖіkеƖу due tο tһе USD Index rally. Tһе area around tһе 170 level appears tο bе tһе probable bottom fοr tһе current decline.Iח a recent Market Alert sent tο ουr Subscribers, wе discussed tһе possibility fοr Traders tο bet οח lower prices using options. Lower prices іח mining stocks mау bе tһе way tο ɡο due tο tһеіr lower volatility. Tһеіr close trading range һаѕ caused a decline іח option premiums.Eldora Gold Resources Canada News – Iח tһе research section οf Sunshine Profits website, Predicting аחԁ Taking Advantage οf Corrections іח Gold іѕ аח essay, wһісһ іѕ perfect fοr ουr current situation. Options traders ѕһουƖԁ bе sure חοt tο miss tһіѕ instructive piece.Summing up, іt іѕ ƖіkеƖу tһаt mining stocks wіƖƖ eventually rally bυt wе wіƖƖ probably first see a corrective period. Lower prices аrе ƖіkеƖу tο bе seen іח tһе short-rυח wіtһ a rally tο follow perhaps before tһе еחԁ οf tһе year.Disclosure: Nο positionsAbout tһе author: Przemyslaw Radomski. Przemyslaw Radomski іѕ tһе founder, owner аחԁ tһе main editor οf SunshineProfits.com. Being passionately curious аbουt tһе market’s behavior һе uses һіѕ statistical аחԁ financial background tο qυеѕtіοח tһе common views аחԁ profit οח tһе misconceptions.
Abουt tһе Author
Eldora Gold Resources Canada wаѕ founded bу a group οf experts іח tһе mineral recovery аחԁ mining industry, whose focus іѕ tο provide ассυrаtе information, state οf tһе art equipment аחԁ outstanding customer service. Eldora Gold һаѕ developed аחԁ іѕ offering a proprietary separation technique fοr extracting mineral content frοm mining tailings.
Abουt tһе Author
Eldora Gold Resources Canada wаѕ founded bу a group οf experts іח tһе mineral recovery аחԁ mining industry, whose focus іѕ tο provide ассυrаtе information, state οf tһе art equipment аחԁ outstanding customer service. Eldora Gold һаѕ developed аחԁ іѕ offering a proprietary separation technique fοr extracting mineral content frοm mining tailings.
About Eldora Gold Resources Canada: Tailings Processing Technology
Eldora Gold Resources Canada: Tailings processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.
Eldora has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.
Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.
Tailings Processing Technology
Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.
Eldora Gold will start by verifying the mineral content of the tailings through certified sample testing and, if successful, we will supply the equipment and training necessary to extract the mineral concentrate. We also provide the buyer for the extracted concentrate.
The fee for these services is an agreed upon percentage of the mineral concentrate sale which is typically in the range of one third of the concentrate sale price. The fee to Eldora Gold is only payable after the sale of the concentrate resulting in no risk to the customer.
The technology behind our processing technique is completely chemical free and proprietary. Extensive development and years of experience have resulted in a technique that not only extracts the majority of valuable mineral content of the tailings, it leaves the remaining tailings with a significantly lower content of the acid forming minerals from the original ores.
Tailings have always been an unwanted by-product of mining from an environmental standpoint. These tailings are left in piles and leach environmentally destructive materials into the surrounding soil.
This greatly affects wildlife and water tables for years to come. Our process drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.
The result is cleaner tailings and the extraction of significant amounts of valuable minerals. The sale of the mineral concentrate provides significant profit to the customer and provides the incentive to use our technology to stop the destruction of the environment.
About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
About Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques.
Eldora has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.
Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.
Tailings Processing Technology
Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.
Eldora Gold will start by verifying the mineral content of the tailings through certified sample testing and, if successful, we will supply the equipment and training necessary to extract the mineral concentrate. We also provide the buyer for the extracted concentrate.
The fee for these services is an agreed upon percentage of the mineral concentrate sale which is typically in the range of one third of the concentrate sale price. The fee to Eldora Gold is only payable after the sale of the concentrate resulting in no risk to the customer.
The technology behind our processing technique is completely chemical free and proprietary. Extensive development and years of experience have resulted in a technique that not only extracts the majority of valuable mineral content of the tailings, it leaves the remaining tailings with a significantly lower content of the acid forming minerals from the original ores.
Tailings have always been an unwanted by-product of mining from an environmental standpoint. These tailings are left in piles and leach environmentally destructive materials into the surrounding soil.
This greatly affects wildlife and water tables for years to come. Our process drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.
The result is cleaner tailings and the extraction of significant amounts of valuable minerals. The sale of the mineral concentrate provides significant profit to the customer and provides the incentive to use our technology to stop the destruction of the environment.
About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
About Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques.
BBC News - Gold price hits new record high
The price of gold hit a record high on Tuesday, with analysts giving a number of reasons for its rise.
Both the price of the actual metal and the price for buying it at a future date rose more than 2% to $1,274.75 an ounce.
It was the biggest one-day gain for the commodity in four months.
One of the factors spurring investors is gold's traditional role as a so-called "safe-haven" investment at times of economic uncertainty.
On the physical market, demand for both bullion and jewellery has risen ahead of the seasonal Indian wedding period and the Hindu religious festivals that begin in September.
Another driver is more technical - gold is priced in dollars, and any fall in the dollar makes it cheaper to buyers using other currencies.
The dollar has fallen across a range of currencies, driven down by a range of factors.
Its most remarked upon slide has been against the Japanese yen. It is trading at a 15-year low against that currency.
The price of gold has risen 16% so far this year.
Analysts said there were no significant new reasons for this latest record.
"It's going up for all the same reasons. People are fearful still," ANZ head of sales, Peter Hillyard, told the Reuters news agency. "Little things come into the market, little factors that awaken people's interest in gold."
The World Gold Council's last report on the gold market predicted that continuing strong demand from jewellery buyers in the two fast-developing markets of India and China, would help keep the price high.
Both the price of the actual metal and the price for buying it at a future date rose more than 2% to $1,274.75 an ounce.
It was the biggest one-day gain for the commodity in four months.
One of the factors spurring investors is gold's traditional role as a so-called "safe-haven" investment at times of economic uncertainty.
On the physical market, demand for both bullion and jewellery has risen ahead of the seasonal Indian wedding period and the Hindu religious festivals that begin in September.
Another driver is more technical - gold is priced in dollars, and any fall in the dollar makes it cheaper to buyers using other currencies.
The dollar has fallen across a range of currencies, driven down by a range of factors.
Its most remarked upon slide has been against the Japanese yen. It is trading at a 15-year low against that currency.
The price of gold has risen 16% so far this year.
Analysts said there were no significant new reasons for this latest record.
"It's going up for all the same reasons. People are fearful still," ANZ head of sales, Peter Hillyard, told the Reuters news agency. "Little things come into the market, little factors that awaken people's interest in gold."
The World Gold Council's last report on the gold market predicted that continuing strong demand from jewellery buyers in the two fast-developing markets of India and China, would help keep the price high.
eldora gold resources | Tumblr
Eldora Gold Resources News-gold's Insurance Cost Index Explained
Eldora Gold Resources News-By Brad Zigler. We’ve expounded on the option market insurance model in this column before. In their most basic utility, options offer investors protection from catastrophic changes in asset values, just like homeowners, automobile and gulp! life insurance contracts
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Uncertainty grips expectant gold-mining communities in Venezuela. Continuing a report on the situation of gold-mining in Bolivar State and in particular on the Las Cristinas mine in Sifontes municipality, Correo del Caroni reporter, Natalie Garcia maintains that the end of the Crystallex concession has reopened the debate on the Venezuelan State’s gold-mining policies, which could be said to have failed, given current labor instability and cordons of misery south of Bolivar State.
Eldora Gold Resources News: Gold regains 20k level on seasonal demand
Eldora Gold Resources Latest News: New Delhi, Gold prices regained Rs 20,000 per 10 gram level and silver rose to an all-time-high in the national capital on frantic buying by stockists and jewellers to meet ongoing festive and marriage season demand, amid a firm global trend.
As the gold prices rose by Rs 75 to Rs 20,000 per 10 gram, a level last seen on October 19, the silver spurted by Rs 200 to Rs 37,700 per kg, a level never seen before.
Trading sentiment turned extremely bullish after silver surged to 30-year high in overseas markets, as a weaker dollar increased the investment appeal of precious metals.
Focus: About Eldora Gold Resources Canada
About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers.
Eldora Gold Resources News - Willow Creek Signs LOI to Acquire Historic Gold Property in Prestigious Walker Lane, Nevada
Eldora Gold Resources Canada News-Willow Creek Enterprises Inc. (OTCBB: WLOC) (“The Company,” “Willow Creek”) Willow Creek is pleased to announce that it has signed a Letter of Intent to acquire the Hercules property from Minquest, which is located in the prestigious Walker Lane Mineral Belt in Nevada, USA.
The historic Walker Lane Mineral Belt, western Nevada, is a highly mineralized trend that contains several world-class epithermal precious metals deposits, such as: the Comstock Lode (estimated production of 8.6 million ounces of gold and 192 million ounces of silver), Round Mountain (Barrick / Kinross)(over 10 million ounces of gold produced since 1906), Rawhide, Aurora, Goldfield mines, as well as porphyry copper deposits: Yerington (1.75 billion pounds of copper produced from 1953-1978 by Anaconda Copper Company),
PMI GOLD TO APPOINT TWO NON-EXECUTIVE DIRECTORS, PETER BUCK AND ROSS ASHTON TO THE BOARD SUBJECT TO THE CO-LISTING OF THE COMPANY IN AUSTRALIA.
Eldora Gold Resources Canada News: Update on Mining - VANCOUVER, Oct. 21 /CNW/ - PMI Gold Corporation (TSX.V:PMV) (“PMI Gold” or “the Company”) announces that Mr. Peter Buck and Mr. Ross Ashton have agreed to join the Board of PMI Gold as Independent Non-Executive Directors subject to and following its proposed Australian co-listing.
Mineral Recovery and Mining Industry in Canada
Eldora Gold Resources was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service.
There are 3 core founders, each with a unique and extensive background.
The President of Eldora Gold Resources has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers.
Eldora Gold Resources Set to Showcase GravSep™ at Upcoming PDAC Conference in Canada
(Toronto) – Held annually in Toronto, the Prospectors & Developers Association of Canada (PDAC) produces the world’s leading convention and trade show for the mineral exploration industry. Eldora Gold is pleased to announce it will be participating in the Prospectors Tent at PDAC 2011, excited to showcase both GravSep™ and early results from the Kirkland Lake project. The PDAC Trade Show attracts 22,000 delegates from 118 countries, and features 400 exhibitors showcasing the latest technologies, products, services and mining jurisdictions to the global mining industry.
Eldora Gold Resources News-By Brad Zigler. We’ve expounded on the option market insurance model in this column before. In their most basic utility, options offer investors protection from catastrophic changes in asset values, just like homeowners, automobile and gulp! life insurance contracts
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Uncertainty grips expectant gold-mining communities in Venezuela. Continuing a report on the situation of gold-mining in Bolivar State and in particular on the Las Cristinas mine in Sifontes municipality, Correo del Caroni reporter, Natalie Garcia maintains that the end of the Crystallex concession has reopened the debate on the Venezuelan State’s gold-mining policies, which could be said to have failed, given current labor instability and cordons of misery south of Bolivar State.
Eldora Gold Resources News: Gold regains 20k level on seasonal demand
Eldora Gold Resources Latest News: New Delhi, Gold prices regained Rs 20,000 per 10 gram level and silver rose to an all-time-high in the national capital on frantic buying by stockists and jewellers to meet ongoing festive and marriage season demand, amid a firm global trend.
As the gold prices rose by Rs 75 to Rs 20,000 per 10 gram, a level last seen on October 19, the silver spurted by Rs 200 to Rs 37,700 per kg, a level never seen before.
Trading sentiment turned extremely bullish after silver surged to 30-year high in overseas markets, as a weaker dollar increased the investment appeal of precious metals.
Focus: About Eldora Gold Resources Canada
About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers.
Eldora Gold Resources News - Willow Creek Signs LOI to Acquire Historic Gold Property in Prestigious Walker Lane, Nevada
Eldora Gold Resources Canada News-Willow Creek Enterprises Inc. (OTCBB: WLOC) (“The Company,” “Willow Creek”) Willow Creek is pleased to announce that it has signed a Letter of Intent to acquire the Hercules property from Minquest, which is located in the prestigious Walker Lane Mineral Belt in Nevada, USA.
The historic Walker Lane Mineral Belt, western Nevada, is a highly mineralized trend that contains several world-class epithermal precious metals deposits, such as: the Comstock Lode (estimated production of 8.6 million ounces of gold and 192 million ounces of silver), Round Mountain (Barrick / Kinross)(over 10 million ounces of gold produced since 1906), Rawhide, Aurora, Goldfield mines, as well as porphyry copper deposits: Yerington (1.75 billion pounds of copper produced from 1953-1978 by Anaconda Copper Company),
PMI GOLD TO APPOINT TWO NON-EXECUTIVE DIRECTORS, PETER BUCK AND ROSS ASHTON TO THE BOARD SUBJECT TO THE CO-LISTING OF THE COMPANY IN AUSTRALIA.
Eldora Gold Resources Canada News: Update on Mining - VANCOUVER, Oct. 21 /CNW/ - PMI Gold Corporation (TSX.V:PMV) (“PMI Gold” or “the Company”) announces that Mr. Peter Buck and Mr. Ross Ashton have agreed to join the Board of PMI Gold as Independent Non-Executive Directors subject to and following its proposed Australian co-listing.
Mineral Recovery and Mining Industry in Canada
Eldora Gold Resources was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service.
There are 3 core founders, each with a unique and extensive background.
The President of Eldora Gold Resources has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers.
Eldora Gold Resources Set to Showcase GravSep™ at Upcoming PDAC Conference in Canada
(Toronto) – Held annually in Toronto, the Prospectors & Developers Association of Canada (PDAC) produces the world’s leading convention and trade show for the mineral exploration industry. Eldora Gold is pleased to announce it will be participating in the Prospectors Tent at PDAC 2011, excited to showcase both GravSep™ and early results from the Kirkland Lake project. The PDAC Trade Show attracts 22,000 delegates from 118 countries, and features 400 exhibitors showcasing the latest technologies, products, services and mining jurisdictions to the global mining industry.
Newsvine - kirtsy - Focus: About Eldora Gold Resources Canada
About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada's tailings processing service along with the Property Evaluation service.
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University.
Related Coverage
* Property Evaluation: Eldora Gold Resources Canada
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange "�" Open Market.
* Brazilian Gold Mine Update: Eldora Gold Resources Canada News
Brazilian Gold Mine Update: Eldora Gold Resources Canada News - Ensurge Announces Progress on Engineering Scoping Study of Brazilian Gold Mine
* Update On Venezuela Gold Mining: Eldora Gold Resources Canada News
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Uncertainty grips expectant gold-mining communities in Venezuela. Continuing a report on the situation of gold-mining in Bolivar State and in particular on the Las Cristinas mine in Sifontes municipality, Correo del Caroni reporter, Natalie Garcia maintains that the end of the Crystallex concession has reopened the debate on the Venezuelan State's gold-mining policies, which could be said to have failed, given current labor
* Money, Inflation and Gold
We have been come to believe that inflation is a natural phenomenon that is actually good for the economy and the people, but in fact it is a hidden, regressive form of taxation. It is government siphoning away resources from people and spending it without their recognizing it. Why do I say this? And is inflation bad or good? Basic information about inflation and money that you almost never hear.
With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada's data analysis process he offers accurate property reports using the latest technology .
About Eldora Gold Resources Canada: The Company's Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys .
He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada's proprietary equipment and techniques.
Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.
Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange - Open Market.
The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com
Tailings Processing. Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.
Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.
Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.
Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada's tailings processing service along with the Property Evaluation service.
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University.
Related Coverage
* Property Evaluation: Eldora Gold Resources Canada
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange "�" Open Market.
* Brazilian Gold Mine Update: Eldora Gold Resources Canada News
Brazilian Gold Mine Update: Eldora Gold Resources Canada News - Ensurge Announces Progress on Engineering Scoping Study of Brazilian Gold Mine
* Update On Venezuela Gold Mining: Eldora Gold Resources Canada News
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Uncertainty grips expectant gold-mining communities in Venezuela. Continuing a report on the situation of gold-mining in Bolivar State and in particular on the Las Cristinas mine in Sifontes municipality, Correo del Caroni reporter, Natalie Garcia maintains that the end of the Crystallex concession has reopened the debate on the Venezuelan State's gold-mining policies, which could be said to have failed, given current labor
* Money, Inflation and Gold
We have been come to believe that inflation is a natural phenomenon that is actually good for the economy and the people, but in fact it is a hidden, regressive form of taxation. It is government siphoning away resources from people and spending it without their recognizing it. Why do I say this? And is inflation bad or good? Basic information about inflation and money that you almost never hear.
With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada's data analysis process he offers accurate property reports using the latest technology .
About Eldora Gold Resources Canada: The Company's Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys .
He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada's proprietary equipment and techniques.
Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.
Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange - Open Market.
The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com
Tailings Processing. Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.
Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.
Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.
Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.
Davos 2011: How to learn to love the risk
The global economy may be recovering, but the talk at the World Economic Forum in Davos is all about the risks: from currency wars to political turmoil, inequality, digital woes, and environmental problems.
It's a horror to most humans, they are risk-averse. But Davos Man sees the flipside of risk: a huge opportunity to make money.
So if you need a tip, here's the view from Davos on which investments are hot, and which are not.
It's based on the annual "investment heatmap", developed in a two-hour workshop; this year the organisers asked the participants how investors could thrive on risk.
The teams were told to work on four scenarios:
* increasing scarcity of energy, food and water
* disruptions of infrastructure and supply chains
* cyber risks, and
* exchange rate volatilities.
We had 20 minutes to discuss the opportunities buried in one of these risk scenarios, develop an investment strategy, and agree a sales pitch for our fund.
"$1bn doesn't get you very far these days," sniffed one of the participants, partner in a large private equity firm.
And indeed, what's a billion among friends.
When I asked the man in charge of a large investment fund how much money he was looking after, he was somewhat vague: "$106bn, or maybe $112bn… we're just doing our audit to make sure."
In round two of the game we had to pretend that we were a sovereign wealth fund, state-run investment funds that hoard money (usually coming from commodities) for a rainy day, or for the day the oil runs out.
Again we were given $1bn to invest, and by putting this money into either the best investment strategies developed in the first round or gold or US Treasury bonds, we voted for the best risk-based investment.
Scarcity of energy, food and water
Two teams worked on this problem, both identifying the same threats: agriculture and food production under pressure, water usage rising sharply but supply falling, energy demand soaring as consumers in developing nations are getting richer.
Gold bars Not all investors are convinced of gold's allure
Their two strategies, however, were very different.
Team one, dubbed Aqua Vita, said it would invest in "enabling technologies" that would help people make better use of these resources.
Apart from taking a healthy cut for themselves, the mangers of the fund would also distribute some of the gains to local communities.
No such sentiment from team two and its Long-cycle Hedge Fund.
They proposed to invest 20% of the money in an active trading strategy, "trading in and out" of assets like commodities etc to ride the volatility of prices.
The rest would go into the United States, Canada and Australia, placing the money in at least 20 positions and betting "long-short" on "asymmetric outcomes" with little losses when the bet goes wrong, and huge gains should the bet pay off.
It sounds ruthless, but so was the audience. The hedge fund team was voted out of the competition, and Aqua Vita went into the next round.
Supply chain disruption
You may have heard of the "black swan" theory of economics, which says that investors and economists make a huge mistake when they ignore unusual outcomes… like the fact that there are not only white swans, but black ones as well.
The credit crunch of 2008 was such a black swan.
The first team called itself the White Swans, arguing that the "rare" and highly disruptive black swan events in reality are happening much more often than most people think.
A black swan Ignore Black Swan events at your peril
They identified risks like government intervention, an increase in natural disasters, terrorism, the knock-on effects of an interconnected world.
Their proposal: an opportunistic, globally invested hedge fund, with no position larger than 5%, putting the money into long-dated cheap options that deliver in case something bad happens.
A third of the money would be reactive - invested based on events, and two-thirds pro-active, anticipating where disruptions might happen.
Fuel Your Life was their rival, which also identified social unrest and piracy around the Horn of Africa and the Chinese Sea as additional risks.
This team suggested a fairly conservative but dependable strategy, investing most of the money in a gas pipeline through the Baltic Sea that's already being built .
The pipeline's strength was its diversification of a highly risky supply chain through Belarus and the Ukraine, and the investment would generate annual returns of 10% over 30 years.
The first team narrowly won to go into the second round.
Exchange rate volatility
Developing countries can have a hard time finding investors, who worry about rapidly moving exchange rates and unhelpful banks.
But help is at hand, promised Exchange the World, a trading firm that would be the middleman for large currency transactions, hedging the exchange rate risk of companies while helping governments of poor countries to attract foreign direct investment.
The promised reward: a 20-40% return on equity.
That was not enough to beat the US Hyperinflation Fund, a team that was "micro-optimistic and macro-pessimistic".
The fund would "short" US interest rates, predicting them to rise sharply to around 10 or 15%, and go long on the dollar, expecting it to fall.
Yes, the fund was guaranteed to lose money for a while, but in case of a "catastrophic event", it could deliver a 500% return.
"You don't want it to happen," went the pitch, "but if it happens, you'll be glad to have it."
If betting on a horrible outcome upsets you, then think again.
Have you got car insurance? Maybe even life insurance for your partner? Are you losing a little bit of money every year (the premiums) but expect to get a big return should you wreck your car or your partner die?
Welcome to the club of people hedging their risk.
Cyber risks
Only one team tackled this task but identified a wide range of potential problems before settling on three areas to invest in:
* Cloud computing
* Virtualisation
* Mobile workforces pose new security risks for companies.
The there is the "insider threat" where a rogue staff member can open a company's systems to criminals or squirrel vital data away. No wonder that the team called itself "Wiki Who?"
And then there is the issue of business continuity, the need for redundant systems and energy back-ups in case a key component fails.
The team proposed to set up a venture capital fund that would put its money into young high-tech firms in Israel, Silicon Valley and the Boston area, to develop technologies that help companies to protect themselves against these risks.
Where did the money go?
With the seven teams having a total of $7bn in the pot, the big winner was team Aqua Viva and its sustainability concept, which attracted $2.1bn.
The hyperinflation team was runner-up … kind of.
It had attracted a lot of money, but one of the "sovereign wealth funds" shorted this fund, i.e. it bet that the fund's strategy would not work.
Gold bars Not all investors are convinced of gold's allure
The seemingly clever move, however, triggered howls of derision when one fund manager pointed out that it would be much easier and cheaper to invest in US Treasury bills than go short on the currency volatility fund.
As a result, the hyperinflation team got $950m and tied for second place with… gold.
It was a controversial choice ("I never touch gold [as an investment]" said a few in the room), but an impassioned pitch by a gold bug in the room persuaded several teams to put some of their money into gold - although that might not be their personal choice.
Explaining their gold investment, one team leader said they had assumed that many sovereign wealth funds traditionally had invested in gold, and rightly or wrongly would probably do so again.
That left $800m each for the cyber risks fund and the supply chain investment.
And what about the once safest (and most boring) investment in the world, US government debt, the famous T-bills or Treasury bonds? One team put a measly $50m there, probably for old times' sake.
Because three years ago, during the same exercise, the winner by far was the team that pitched a "T-bills only" strategy.
Why was everybody so afraid of buying US government debt?
"We know that this year the US government has to sell $1,500bn of bonds. If we don't buy them, who is buying them, and at which price?" asked one investor.
"The US debt burden, both explicit and implicit," replied another fund manager, "now stands at $350,000 per head. Then you get a bit scary about your investment allocation."
It was not just the participants of this workshop who were left scratching their heads.
In several sessions earlier in the day, some participants had asked what would snap earlier: the US addiction to debt, or the patience of investors - especially China - who buy Treasury bonds?
It's a horror to most humans, they are risk-averse. But Davos Man sees the flipside of risk: a huge opportunity to make money.
So if you need a tip, here's the view from Davos on which investments are hot, and which are not.
It's based on the annual "investment heatmap", developed in a two-hour workshop; this year the organisers asked the participants how investors could thrive on risk.
The teams were told to work on four scenarios:
* increasing scarcity of energy, food and water
* disruptions of infrastructure and supply chains
* cyber risks, and
* exchange rate volatilities.
We had 20 minutes to discuss the opportunities buried in one of these risk scenarios, develop an investment strategy, and agree a sales pitch for our fund.
"$1bn doesn't get you very far these days," sniffed one of the participants, partner in a large private equity firm.
And indeed, what's a billion among friends.
When I asked the man in charge of a large investment fund how much money he was looking after, he was somewhat vague: "$106bn, or maybe $112bn… we're just doing our audit to make sure."
In round two of the game we had to pretend that we were a sovereign wealth fund, state-run investment funds that hoard money (usually coming from commodities) for a rainy day, or for the day the oil runs out.
Again we were given $1bn to invest, and by putting this money into either the best investment strategies developed in the first round or gold or US Treasury bonds, we voted for the best risk-based investment.
Scarcity of energy, food and water
Two teams worked on this problem, both identifying the same threats: agriculture and food production under pressure, water usage rising sharply but supply falling, energy demand soaring as consumers in developing nations are getting richer.
Gold bars Not all investors are convinced of gold's allure
Their two strategies, however, were very different.
Team one, dubbed Aqua Vita, said it would invest in "enabling technologies" that would help people make better use of these resources.
Apart from taking a healthy cut for themselves, the mangers of the fund would also distribute some of the gains to local communities.
No such sentiment from team two and its Long-cycle Hedge Fund.
They proposed to invest 20% of the money in an active trading strategy, "trading in and out" of assets like commodities etc to ride the volatility of prices.
The rest would go into the United States, Canada and Australia, placing the money in at least 20 positions and betting "long-short" on "asymmetric outcomes" with little losses when the bet goes wrong, and huge gains should the bet pay off.
It sounds ruthless, but so was the audience. The hedge fund team was voted out of the competition, and Aqua Vita went into the next round.
Supply chain disruption
You may have heard of the "black swan" theory of economics, which says that investors and economists make a huge mistake when they ignore unusual outcomes… like the fact that there are not only white swans, but black ones as well.
The credit crunch of 2008 was such a black swan.
The first team called itself the White Swans, arguing that the "rare" and highly disruptive black swan events in reality are happening much more often than most people think.
A black swan Ignore Black Swan events at your peril
They identified risks like government intervention, an increase in natural disasters, terrorism, the knock-on effects of an interconnected world.
Their proposal: an opportunistic, globally invested hedge fund, with no position larger than 5%, putting the money into long-dated cheap options that deliver in case something bad happens.
A third of the money would be reactive - invested based on events, and two-thirds pro-active, anticipating where disruptions might happen.
Fuel Your Life was their rival, which also identified social unrest and piracy around the Horn of Africa and the Chinese Sea as additional risks.
This team suggested a fairly conservative but dependable strategy, investing most of the money in a gas pipeline through the Baltic Sea that's already being built .
The pipeline's strength was its diversification of a highly risky supply chain through Belarus and the Ukraine, and the investment would generate annual returns of 10% over 30 years.
The first team narrowly won to go into the second round.
Exchange rate volatility
Developing countries can have a hard time finding investors, who worry about rapidly moving exchange rates and unhelpful banks.
But help is at hand, promised Exchange the World, a trading firm that would be the middleman for large currency transactions, hedging the exchange rate risk of companies while helping governments of poor countries to attract foreign direct investment.
The promised reward: a 20-40% return on equity.
That was not enough to beat the US Hyperinflation Fund, a team that was "micro-optimistic and macro-pessimistic".
The fund would "short" US interest rates, predicting them to rise sharply to around 10 or 15%, and go long on the dollar, expecting it to fall.
Yes, the fund was guaranteed to lose money for a while, but in case of a "catastrophic event", it could deliver a 500% return.
"You don't want it to happen," went the pitch, "but if it happens, you'll be glad to have it."
If betting on a horrible outcome upsets you, then think again.
Have you got car insurance? Maybe even life insurance for your partner? Are you losing a little bit of money every year (the premiums) but expect to get a big return should you wreck your car or your partner die?
Welcome to the club of people hedging their risk.
Cyber risks
Only one team tackled this task but identified a wide range of potential problems before settling on three areas to invest in:
* Cloud computing
* Virtualisation
* Mobile workforces pose new security risks for companies.
The there is the "insider threat" where a rogue staff member can open a company's systems to criminals or squirrel vital data away. No wonder that the team called itself "Wiki Who?"
And then there is the issue of business continuity, the need for redundant systems and energy back-ups in case a key component fails.
The team proposed to set up a venture capital fund that would put its money into young high-tech firms in Israel, Silicon Valley and the Boston area, to develop technologies that help companies to protect themselves against these risks.
Where did the money go?
With the seven teams having a total of $7bn in the pot, the big winner was team Aqua Viva and its sustainability concept, which attracted $2.1bn.
The hyperinflation team was runner-up … kind of.
It had attracted a lot of money, but one of the "sovereign wealth funds" shorted this fund, i.e. it bet that the fund's strategy would not work.
Gold bars Not all investors are convinced of gold's allure
The seemingly clever move, however, triggered howls of derision when one fund manager pointed out that it would be much easier and cheaper to invest in US Treasury bills than go short on the currency volatility fund.
As a result, the hyperinflation team got $950m and tied for second place with… gold.
It was a controversial choice ("I never touch gold [as an investment]" said a few in the room), but an impassioned pitch by a gold bug in the room persuaded several teams to put some of their money into gold - although that might not be their personal choice.
Explaining their gold investment, one team leader said they had assumed that many sovereign wealth funds traditionally had invested in gold, and rightly or wrongly would probably do so again.
That left $800m each for the cyber risks fund and the supply chain investment.
And what about the once safest (and most boring) investment in the world, US government debt, the famous T-bills or Treasury bonds? One team put a measly $50m there, probably for old times' sake.
Because three years ago, during the same exercise, the winner by far was the team that pitched a "T-bills only" strategy.
Why was everybody so afraid of buying US government debt?
"We know that this year the US government has to sell $1,500bn of bonds. If we don't buy them, who is buying them, and at which price?" asked one investor.
"The US debt burden, both explicit and implicit," replied another fund manager, "now stands at $350,000 per head. Then you get a bit scary about your investment allocation."
It was not just the participants of this workshop who were left scratching their heads.
In several sessions earlier in the day, some participants had asked what would snap earlier: the US addiction to debt, or the patience of investors - especially China - who buy Treasury bonds?
Press Release: Eldora Gold Resources Launches GravSep™; Process Set to Rehabilitate Tailings Sites
Eldora Gold Resources Launches GravSep™; Process Set to Rehabilitate Tailings Sites
Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase.
(PRWEB) January 28, 2011
Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase. With GravSep™ on site, Eldora will use a combination of physical separation processes to extract a concentrate from the first selected mill tailings site in Kirkland Lake, Canada. This concentrate will contain the majority of the recoverable metallic values in these former tailings, as well as the majority of the minerals responsible for the adverse environmental consequences of the original tailings disposal.
The proprietary process includes the preparation of a recirculating water pond, whereby final tailing separation from pulping water will provide recirculating water for pulping fresh feed, thus no continuous use of fresh water is required. After pulping the excavated feed and pumping the pulp through the physical separation process, Eldora anticipates ultimately discharging a tailing material in a form suitable for environmental rehabilitation of the site.
Eldora Gold anticipates, based on initial testing, that the auspicious debut (1/2 tonne per hour) of GravSep™ will result in not only the recovery of valued minerals, but also the rehabilitation of former tailings sites. Given the assembly of its portable equipment, Eldora intends to provide a dual benefit from the operation of GravSep™ units: by marketing the resultant concentrate into suitable channels and also providing a low-energy green solution to mining communities.
The GravSep™ is designed to be scalable, and is suited for small deposits less than 300,000 tonnes that cannot support permanent high capital cost equipment installations. The anticipated advantages for Eldora’s proprietary environmentally-friendly physical separation processing, which can be tailored to each specific deposit, now include potential for successful treatment and rehabilitation for many smaller size deposits using simple to maintain and operate equipment, as well as chemical-free processing. Pumping is the single major energy input, and it extracts and recovers valuable mineral concentrates which also have significant deleterious environmental effects when left in-situ.
From an environmental standpoint, tailings have always been an unwanted byproduct of mining. These tailings are left in piles and potentially leach environmentally-destructive materials into the surrounding soil and groundwater. Processing tailings thus also reduces the negative environmental impact of remaining minerals from the original mining process.
Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase.
(PRWEB) January 28, 2011
Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase. With GravSep™ on site, Eldora will use a combination of physical separation processes to extract a concentrate from the first selected mill tailings site in Kirkland Lake, Canada. This concentrate will contain the majority of the recoverable metallic values in these former tailings, as well as the majority of the minerals responsible for the adverse environmental consequences of the original tailings disposal.
The proprietary process includes the preparation of a recirculating water pond, whereby final tailing separation from pulping water will provide recirculating water for pulping fresh feed, thus no continuous use of fresh water is required. After pulping the excavated feed and pumping the pulp through the physical separation process, Eldora anticipates ultimately discharging a tailing material in a form suitable for environmental rehabilitation of the site.
Eldora Gold anticipates, based on initial testing, that the auspicious debut (1/2 tonne per hour) of GravSep™ will result in not only the recovery of valued minerals, but also the rehabilitation of former tailings sites. Given the assembly of its portable equipment, Eldora intends to provide a dual benefit from the operation of GravSep™ units: by marketing the resultant concentrate into suitable channels and also providing a low-energy green solution to mining communities.
The GravSep™ is designed to be scalable, and is suited for small deposits less than 300,000 tonnes that cannot support permanent high capital cost equipment installations. The anticipated advantages for Eldora’s proprietary environmentally-friendly physical separation processing, which can be tailored to each specific deposit, now include potential for successful treatment and rehabilitation for many smaller size deposits using simple to maintain and operate equipment, as well as chemical-free processing. Pumping is the single major energy input, and it extracts and recovers valuable mineral concentrates which also have significant deleterious environmental effects when left in-situ.
From an environmental standpoint, tailings have always been an unwanted byproduct of mining. These tailings are left in piles and potentially leach environmentally-destructive materials into the surrounding soil and groundwater. Processing tailings thus also reduces the negative environmental impact of remaining minerals from the original mining process.
kirtsy - Focus: About Eldora Gold Resources Canada | Clipmarks
About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada's tailings processing service along with the Property Evaluation service.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada's tailings processing service along with the Property Evaluation service.
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