Arthur Leger, V.P. of Exploration for Atoka Gold, blogs that many areas are not good places to explore for gold, etc. He opines that the duties of an exploration geologist are not only to discover ore but to find an economical ore deposit that will make money for a company and investors. Large amounts of money and time are wasted on exploring for metal deposits in areas that will not allow mining. Due to environmental concerns, even if a major economical discovery is made, it is likely the local or state authorities would never allow development. The following are a few examples of exploration projects that exhibit criteria relating to a potentially bad investment opportunity that will yield no return on investment. He then extols the virtue of his Atoka Gold two gold properties, North Battle Mountain and Red Rock Canyon, located in the mining friendly State of Nevada.
When considering investing or exploration activities, the following are some important facts to be considered about gold and mining in Nevada: Nevada has produced over 200 million ounces of gold since 1835 at a value over $220 billion at current pricing. Nevada produces approximately 74% of the U.S. annual gold. Nevada gold production in 2014 was 5 million ounces worth approximately $5.5 billion. 80% of the gold mined in Nevada is from North-Central Nevada (the location of Atoka two gold properties). Nevada continues to welcome gold exploration and mining. New technologies have expedited recent gold discoveries. New discoveries indicate gold grade is increasing with depth. Atoka two gold properties, North Battle Mountain and Northern Dike (part of the larger Red Rock property), are located along two of the world major gold belts, The Battle Mountain-Eureka Gold Belt (has produced over 50 million ounces of gold) and the Northern Nevada Rift Gold Belt (produced over 10 million ounces of gold). Atoka two properties are surrounded by world-class gold deposits....
Original URL: http://www.atokagoldexploration.com/blog-posts/wasting-money-time-bad-metal-exploration-ventures/
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