Nevada Named Top Mining Destination As Tietto Minerals Eyes Gold Reserves in West Africa

Gold continues to elicit strong interest on the mining and investment front. Prices finding support above the $1700 an ounce level could as well explain the increased exploration and mining activities around the precious metal. Similarly, Nevada has risen the realms to become the world’s top mining destination.

Nevada Mining Industry

The state is already home to some of the biggest mining portfolios led by some of the biggest companies. Its edge as a top mining destination stems from its best practice for mineral potential and policy perception.

Blackrock Silver Corporation (TSXV:BRC) (OTCQB:BKRFF) is one such company that has set a base in the state focused on both silver and gold mining. The company continues to attract significant interest thanks to multiple high-grade discoveries within the Tonopah West Property. The company has already recorded more than 13,000 meters of drilling since the start of the year at the project.

Barrick Gold Mines (NYSE:GOLD) (TSX:ABX) is another mining heavyweight with a huge presence in Nevada. In partnership with New Mont Corporation, the company established Nevada Gold Mines that pursue gold mines in the state.

Nevada Sunrise Gold (TSXV:NEV) (OTCPK:NVSGF) is another company flexing its muscle in the Nevada mining industry. The company has resorted to partnerships with the likes of New Placer Dome Gold Corporation for exploration and mining activities at the Kinsley Mountain Gold Project.

Even as companies set sights on Nevada mineral reserves, others have sought to explore mineral reserves across the Atlantic. Tietto Minerals Ltd (ASX:TIE) is one such company poised to be a West Africa gold miner following an impressive pre-feasibility study at its flagship Abujar Gold project in Ivory Coast.

The pre-feasibility study is exploring 200,000 ounces of gold in the first year of production at the mine, with more than 168,000 ounces of gold set for annual production for the next six years. The flagship project has a maiden open pit probable reserves of about 15.7 million tones run of mine gold ore.

According to Tietto managing director Caigen Wang, the metrics are compelling and clearly show the Abuja mine’s development will transform the company into a major gold miner in West Africa.

By reading our website you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook or chat. We do not advise any reader to take any specific action. Our releases are for informational and educational purposes only. Never invest purely based on our articles. Gains mentioned on our website, twitter, Facebook, and on our website may be based on EOD or intraday data. We may be compensated for the production, release, and awareness of this article. We will disclose any and all compensation on the article page. This publication and its owner never hold positions in the securities mentioned in our articles. Our information may contain Forward-Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site. The information in our disclaimers is subject to change at any time without notice. We are not held liable or responsible for the information in press releases issued by the companies discussed in these write-ups. Please do your own due diligence