Dr. Pierce Carson: 16 Million Ounces of Silver!
When you have 40+ years of experience in a particular study that gives you plenty of time to learn a thing or two. Dr. Pierce Carson, CEO and Director, Magellan Gold Corp., has this type of experience and the wealth of knowledge one can garner with a focused mind.
Gulf and Western, and other companies, began drilling extensively in the late 1970’s through the 1990’s. This drilling was done some time ago even though the quality of the information is very good. We’ve got all the records and so forth.
The drilling was done along a line of epithermal vein structures that have a collective strike length of 8 miles.
That historic work identified 16 million ounces of silver and about 1 million ounces of gold available for open pit mining. – Dr. Pierce Carson – The Daily Coin
I am not a geologist but when I hear there is 8 miles of collective strikes that are holding 16 million ounces of silver that gets my attention right away. Your eyes are not deceiving you, the numbers are correct.
As long time followers of The Daily Coin know we love hearing about silver, discussing silver and what’s happening with the market. In order to better understand what is going on with the physical, investment and industrial demand for silver, we believe it is important to talk to the people that are actually mining silver and gold. Who better to ask than the people that are producing the products that we love about what is happening with the future of the markets? None of us have a crystal ball, but when you have an estimated 16 million ounces of silver and 1 million ounces of gold coming from one mine, it appears the COMEX will be able to continue delivering physical metal into Eastern retail investment markets and fleecing the paper price chasers in the Western markets for a little while longer.
Give Dr. Carson a good listen as he has the type of experience and knowledge that we should all be striving to achieve.