The Gold Mines In Quebec

Most of the gold mines in the world can be found in South Africa, the USA, Australia and Canada. These countries provide the necessary gold used in jewelry, bullion coins or national reserves.

After the famous gold rush in California, another region became famous for its deposits of this precious metal. Quebec is the second province in Canada from the economical point of view and as number of people living in it. Its economy relies much on the exploitation of natural resources, but also on other branches like the pharmaceutical industry and the development of science domains such as aerospace, communication and biotechnology. Timber and hydroelectricity also bring large contributions to the economy.

The geological formation consisting of Precambrian rock makes this land rich in several minerals. Among them there are gold, iron, titanium, silver and zinc. The potential of this area began being capitalized in the 1920’s. Since then, gold mining in this area knew a steady growth. However, in the past few years several mines have closed. Even if, big companies had big productivity for rather small costs, some of them have decided to cease their activity in certain mines, either because they were depleted or because of the low price of gold.

The rich hydrographic network has a very important role in the mining activity undertaken in Quebec. It has transported the alluvions and has led to the appearance of veins in fissures and cavities of clay-slates. At river bights the alluvions containing gold filled up the free spaces between the gravel, and created abundant deposits. In some of these you can find the metal in pure shape while in others several impurities accompany it.

Although it used to occupy the first place as gold mining area, nowadays this province is only the third provider of this precious metal. But the gold found there appears in many gold bullion or in jewelry all over the world. Investing in this metal will always be a way to keep your fortune safe during economic crisis and to make sure that it doesn’t lose its value in the same rhythm as money do.

Source by Jack Wogan

The Gold Mines In Quebec