Authorities at the Vicuña Mining Company confirmed this week that the Filo del Sol and Josemaría projects on the Argentina-Chile border are concentrated in significant amounts of gold, silver and copper.
Together, the sediment contains 32.2 million ounces of gold in the measured category and an additional 48.7 million ounces classified as estimated. One of the most important reserves in the world, still in development.
The measured resources are resources that are confirmed with high accuracy in volume and quality thanks to geological data and detailed sampling. On the other hand, the inferred ones correspond to preliminary estimates based on more limited information, so their existence and economic value still requires additional validation.
According to an assessment of resources carried out by members of Vicuña, a society formed equally by the Canadian Lundin Mining and Australia’s BHP, these projects are considered as several. Copper, gold and silver warehouse deposits around the world.
“The Philo del Sol represents the generational discoveries, the most relevant finding in an area that has not been ahead of the list in the last 30 years,” the Canadian company said.
As reported through a press release, Filo Del Sol and Josemaría are located in the state of San Juan, Argentina, west of Argentina, while part of Filo Del Sol spreads to the Chilean region of Atacama.
“We are pleased to announce that Jack Lundin Mining is a company that has been working hard to achieve this.” “Filo Del Sol has been one of the most important discoveries of the last 30 years. The Filo Del Sol and the Vicugna district are ready to become world-class deposits supporting the world-renowned mining complex.”
Josemaría stands out for its “high low core close to the surface,” and says it contains 978,000 tonnes of copper, 2.4 million ounces of gold and 11 million ounces of silver, according to estimates.
So, what should this news with Bitcoin (BTC) be done? Discover this treasure It emphasizes the fact that the currency created by Nakamoto At is unique to limited, known, and unchanging supplies.
For that part, gold and other precious metals can continue to be discovered in various parts of the world. This increases the circulation in the market, as in the case of Sun and Josemaría (that offers).
This means that gold prices tend to fall if the increase in supply does not involve an increase in demand. Even if future technologies are developed to carry out gold mining in space, gold supply could increase exponentially, but BTC remains the same.
As explained in Cryptopedia, the Education section of Cryptootics, BTC supply is limited to 21 million units. The broadcast is then automatically adjusted by Halving, an event that occurs every four years.
If “automatic form” is mentioned, it is because it was done without the intervention of people, government or businesses. Furthermore, its publication follows a specific protocol that is independent of external factors.
For many investors, BTC is considered “digital gold.” This is because it cannot be manipulated by the government or the banking industry. For this reason, many are considered evacuation assets in times of geopolitical tensions and economic uncertainty.
Therefore, the discovery of new gold deposits highlights the problem. BTC is the largest representation of rare assets.