US $1,293 (Cdn $1,623) gold price - VVC`s propertiesWe are moving into a new bull market for precious metals. Some people are finally starting to realize that both the US and Global economic problems have not been fixed. They have actually gotten far worst, but have been masked over through deception over the past 5 years. However, the masses still haven`t figured this out yet. When they do, look for gold and silver to really explode. Eventually - it`s impossible to know the timeframe - gold will take out its all time high of near US $2,000 and silver will pass its all time high of US $50. Big catalysts for this will be:
1) lost confidence in the US economy
2) realization that the US Fed is stuck at near zero % interest rate for a much longer time - they may have to go to negative interest rate
3) realization that the US Fed will have to launch a new money printing program to try keep everything afloat again - this time they will likely again also print and send US dollars to citizens (not just Wall Street)
4) severe downturn in the US dollar - maybe even a collapse
The parties with deep pockets and agendas will likely try to smash the precious metals price lower again, but it will eventually bounce back. The precious metals bull market will be strong enough to eventually bring it back up. When they smashed the prices over the past 5 years the prices did not bouce back. That is because the precious metals bull market power (institutions, etc.) believed the deception and fantasies and moved on. Now that reality has set in, big players are starting to come back in.
VVC`s 2 gold projects may gain traction in this environment.
Firstly, we have to get Samalayuca going. It is entirely a copper project, with a touch of silver. It is a copper supergene enrichment deposit. As such, it starts at the surface and has multiple layers of copper zones going down. It has potential for multi-billon pounds of copper. I hope we get the permit soon. Here is an image:
Link, if image doesn`t work:
https://investingnews.com/files/2014/10/VVC-Exploration-Model-copy.png Gold project 1 - Cumeral
This could be a good gold asset in this new environment. It has potential for 250,000 ounces near-term - enough to put in a pilot mine for production. They can find these ounces in the known gold areas (near-surface) where small artisanal miners produced gold in the past. Long-term, the broader property has multi-million ounce potential. This is low-grade oxide gold located near-surface. It is ideal for low capex heap leach mining.
VVC`s focus is 100% on Samalayuca right now. Once Samalayuca is profitable, they hope to begin the Cumeral process towards 250K gold resource and pilot mine gold production.
If the gold bull market really takes off, VVC might be able to attract a joint venture partner to get Cumeral going, if they choose that route.
Image of Cumeral:
Link, if.....:
https://vvcexpl.com/wordpress/wp-content/uploads/2013/12/Cumeral.png Gold Project 2 - La Tuna:
It has potential for both bedrock gold mining and placer gold mining. With VVC focused on the other 2 projects, VVC needs to find a JV partner for this property. Maybe the higher gold prices will help in finding a partner.
The river beds on the image will be the best places to find the alluvial gold.
Image:
Link, if......:
https://vvcexpl.com/wordpress/wp-content/uploads/2014/11/la-tuna1.png