Why Gold? Why Gaia Resources, Inc?
As the dollar hit a multi month low versus the euro on Monday, February 26th, and oil continued its trip up from $61 a barrel, gold hit a multi month high of $685.80 per ounce and has many seeing its mystical $700 mark reachable. Since early January, gold has risen some 14.5%, leaving it just about $45 away from last year’s 26-year high of $730. The falling dollar joined with meetings in different products, for example, oil and base metals have likewise served to improve the allure of putting resources into gold.
As indicated by London-put together Central Banking Publications with respect to Monday, a review led among 47 national banks came North Gaia Showflat about in right around the vast majority of banks expressing that they see “abundant extension for additional cash and resource expansion of unfamiliar trade saves,” accordingly having a good viewpoint of interest in gold.
Gold has for some time been considered as a place of refuge for financial backers. Since it is a speculation that holds its worth even in unsure financial occasions, gold is consoling to those financial backers who are worried over plunging share costs or disappointments in different enterprises. Numerous prognosticators highlight gold’s consistent move in esteem in the course of the last five to ten years as a main justification behind accepting that gold will keep on ascending in esteem, outperforming the $700 mark before the finish of March. Some even foresee that it could reach $1000 per ounce before the current year’s over. The truth of the matter is that the cost of gold has stayed up with expansion for around 200 years or thereabouts, and it is all things considered that gold has for quite some time been considered as a place of refuge for financial backers. Since it is a speculation that holds its worth even in questionable financial occasions, gold is soothing to financial backers who are worried over plunging share costs or disappointments in different ventures.
Gaia Resources, Inc. (GAIA), an early improvement stage Nevada mining organization exchanged on OTC PINKSHEETS: (GIAS), has as of late shaped an entirely claimed auxiliary in the State of Arizona known as Gaia Exploration, Inc. to hold mining resources ascribed to its gold mining tasks inside Arizona. The arrangement of Gaia Exploration, Inc. was an important stage in obtaining the privileges to 482.66 sections of land of prime mining claims in Cochise County, Arizona (MHF property) just as future acquisitions of prime designated regions. The MHF property is south of the popular Commonwealth Mine that is situated in Pearce County, only east of the Dragoon Range. Following conclusion of this securing Gaia intends to start a forceful boring and mass testing program on the designated property, initiating this spring. The MHF property approaches water and power which will accelerate an opportunity to set up investigation.
One of the key properties that Gaia is situated to get was once held by the Santa Fe Pacific Gold Corp. in Cochise County. This property is nearby the Mexican Hat Property, which has drill shown stores of around 400,000 ounces. Placer Dome spent over 1.9 million dollars leading these tests in the nineteen eighties.
Gaia has set up a functioning relationship with Thunder Gulch Resources Ltd (TGR) that holds choices on a few different areas in the prompt region which additionally show high potential for improvement. Thunder Gulch Resources Ltd. Head, Norm Pearson, Gaia’s Senior Consultant/Project Manager, has more than 30 years experience in the mining industry as an administrator, miner and inconvenience shooter. As indicated by Pearson, the region is a phenomenal objective and ought to be penetrated and dug for hard rock gold, and furthermore assessed for the alluvial or placer gold that is available.