Miza II Resources, Inc. (TSE:GEGC) has released an update.
Great Eagle Gold Corp. has issued a clarification on its previous announcement, detailing that the Cahuilla Gold Project in California has 1,420,660 ounces of indicated and 82,487 ounces of inferred gold resources, which are set to back the creation of 584,761 NatGold coins. This comes after a request from the Canadian Investment Regulatory Organization for more information on the project’s resource statements. The intrinsic value of the coins is calculated based on a baseline value of $958 per ounce as per International NatGold Council standards.
Understanding Gold Resource Statements
Gold resource statements play a crucial role in determining the potential value of a mining project. Indicated resources are a higher level of confidence in the existence of mineralization, while inferred resources are based on limited data and are considered less certain. This clarification by Great Eagle Gold Corp. provides investors with a clearer picture of the gold reserves at the Cahuilla Gold Project.
The Significance of NatGold Coins
The creation of NatGold coins backed by gold resources shows a unique way of leveraging tangible assets to support a digital currency. This initiative not only adds value to the gold resources but also introduces a new form of investment opportunity for individuals interested in both precious metals and cryptocurrency.
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