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August 17, 2016

4 Stocks Employing “Termites” To Discover Gold

Termites: the world’s first Gold miners?…

Ancient African civilizations used termites and their enormous mounds as a starting place for prospecting and identifying covered Gold deposits.

New experiments in Western Australia reveal that termites “mine” and stockpile the precious metal while they’re collecting subterranean material for their nests. While termites aren’t specifically looking for Gold, it is a fortunate consequence of their continuous search for nesting material and water.

An effective, low cost exploration method…

“The problem that we face in mining exploration is that a layer of eroded material is covering the Gold, effectively hiding it,” said researcher Aaron Stewart, an entomologist at Australia’s Commonwealth Scientific and Industrial Research Organization.

Now Stewart and his colleagues suggest miners might want to rely on termites as miniature prospectors. The nests of termites can hold Gold dust, revealing hints of treasures hidden up to 70 m underground. “Using termite nests could help exploration companies narrow down the area that they need to drill,” Stewart said. “This has the potential to save a lot of money.”

This method was used to find the Vila Manica Copper deposit in Mozambique in 1973, while the massive Jwaneng diamond mine was also reportedly found by termite mound sampling. A DeBeers‘ geologist is believed to have found a piece of ilmenite – a classic diamond indicator – in a termite mound, which led to further exploration and the discovery of Jwaneng.

4 Stocks Employing “Termites” To Discover Gold, Including 1 That’s Poised For A Near-Term Breakout!

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2 Comments

  1. CJC finally halted along with MAT. I jumped in MAT yesterday. 50% / 50% on project. Lets see what the crystal ball brings.

    Comment by dave — August 18, 2016 @ 6:17 am

  2. I will exit MAT – I think the run is over for now

    Comment by dave — August 18, 2016 @ 7:08 am

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