Uganda, the gold kingpin?
Reports are currently doing the rounds that there are huge gold deposits in Uganda. But be careful, it helps to look twiceHerisau, )
How can one come to such an assumption? Barrick Gold, the second largest gold company in the world, owns some gold mines in southern Tanzania. The North Mara project is near Uganda. There, Barrick has about 2.8 million ounces of gold reserves. The average gold content is 1.92 grams per ton of rock. Incidentally, around 250,000 ounces, or about 7.8 tons of gold, are mined there every year. This is probably why the unit of measurement "kilogram" was chosen when it came to mining the Uganda deposit. Because the Chinese company is supposed to produce 5000 kilograms of gold per year, which is only a good 160,000 ounces. So away with the half-truths. Investors should concentrate on real, easily comprehensible gold projects. If the price of gold remains high or even rises due to inflationary tendencies, there could be good investment opportunities. For example, Osisko Development - https://www.youtube.com/watch?v=L5DSJRy1B2w&t=1s - with projects in legally advantageous Canada and Mexico, or Condor Gold with a gold project in Nicaragua. Osisko Development is advancing its prospective flagship Cariboo project in British Columbia. Condor Gold - https://www.youtube.com/watch?v=utFonP8-xsk&t=3s - is working on a feasibility study for its La India gold project.
Current corporate information and press releases from Osisko Development (https://www.resource-capital.ch/...).
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