Cuba has an important gold deposit

Cuba has an important gold deposit
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8 December 2021
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Cuba has a gold deposit of about eight tons, and 7.6 of them are ready to be submitted to a technical-economic feasibility study process.

Located in Loma Jacinto - Camagüey province - this is the second-largest gold concentration in the country, and it turns out to be of industrial importance, one of the results of an investigation carried out by the Camagüey Geomining Company, explained the head of the project, Enrique Piñero.

According to Piñeiro, ten veins were identified in the Jacinto vein system, but three of them have been investigated in more depth, with explorations, geological, hydrogeological, engineering-geological, and technological studies.

After the evaluations, the expert explained, it was concluded that a doré - impure and unrefined mixture of metallic gold - with few impurities would be obtained, which means a higher value for the product and better payments from the buyers.

It is estimated, he continued, that in those bodies studied, there are eight tons of gold that once exploited could represent some 200 million dollars -at a price of 1,500 per ounce-, without adding the costs of feasibility and extraction.

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