Abundance of raw materials in greenstone belts
(PresseBox) - Named after the characteristic shade of green, these belts house gold, silver, copper or zinc and other raw materials.
The greenstone belts, which are often rich in gold, are particularly attractive to gold mining companies. This rock formation is a collection of several volcanic and sedimentary rock types. These interlayered ore deposits were formed over billions of years. There are two theories for their formation. Whether the greenstone belts were formed by so-called volcanic arcs or by "mantle plumes" (superheated material), they offer promising areas for mining companies. The greenish color results from metamorphism. Among the most important greenstone belts is the Abitibi greenstone belt in Canada, it is the best known and largest of its kind. About 124 mines exist there and more than 200 million ounces of gold have been produced to date. Canada s largest gold mine, the Malartic mine, is also located here.
There s a royalty company there, by the way, Osisko Gold Royalties - https://www.youtube.com/watch?v=gPUpNeshIZQ -, which owns an NSR royalty in the mine. Osisko Gold Royalties owns more than 190 precious metal royalties in North and South America.
Several greenstone belts (Yilgarn Craton) exist in Australia and about 30 percent of the world s known gold reserves are said to be stored here. The oldest known greenstone belt is called Barberton and is located in South Africa. There are also even less explored emerging greenstone belts in Brazil, for example. Extensive gold and iron reserves are suspected.
One gold company underway in the Confederation Lake and Birch-Uchi greenstone belts in Ontario is Trillium Gold Mines - https://www.youtube.com/watch?v=5ILnR9Y6Vfc -.
Current corporate information and press releases from Osisko Gold Royalties (- https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/ -) and Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Datum: 16.09.2022 - 02:02 Uhr
Sprache: Deutsch
News-ID 667302
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