It is the most relevant discovery of the last 30 years, says Mining Company.
Unlike metals, Bitcoin’s maximum supply is limited, known and immutable.
Authorities of the Vicuña mining company confirmed this week that the Filo del Sol and Josemaría projects, located on the border between Argentina and Chile, concentrate important amounts of gold, silver and copper.
Together, the deposits contain 32.2 million ounces of gold in measured category and another 48.7 million ounces classified as inferred, which represents One of the most important reserves in the world still in development stage.
The measured resources are those whose quantity and quality are confirmed with high precision thanks to geological data and detailed sampling. On the other hand, the inferred ones correspond to preliminary estimates based on more limited information, so that their existence and economic value still require additional verification.
According to the evaluation of resources carried out by the members of Vicuña, a society formed equally by the Canadian Lundin Mining and the Australian BHP, these projects are considered some of the Copper, gold and silver warehouse deposits worldwide.
“Filo del Sol represents a generational discovery, the most relevant discovery in unprecaked areas in the last three decades,” said the Canadian company.
As reported through a press releaseFilo del Sol and Josemaría are located in the Argentine province of San Juan, to the west of Argentina, although a part of the Filo del Sol extends through the Chilean region of Atacama.
Jack Lundin, president and executive director of Lundin Mining, said: “Filo del Sol has been one of the most significant discoveries of the last 30 years. Filo del Sol and the Vicuña district are ready to become a world -class deposit that will support a world renowned mining complex.”
While Josemaría, it stands out for a “high -law core close to the surface” and remarks that, according to estimates, it contains 978,000 tons of copper, 2.4 million ounces of gold and 11 million ounces of silver.
Now, what does this news with Bitcoin (BTC) have to do? That the finding of this treasure It highlights the fact that the currency created by Satoshi Nakamoto is unique for its limited, known and immutable supply.
For its part, gold and other precious metals can continue to be discovered in different parts of the world, as is the case of Sun and Josemaría, which increases its circulation in the market (its offer).
This means that, if that increase in supply is not accompanied by greater demand, the price of gold will tend to fall. Even if technologies were developed in the future to carry out space gold mining, the gold supply could multiply exponentially, but BTC would remain the same.
As explained in cryptopedia, educational section of cryptootics, The BTC supply is limited in 21 million units, And its broadcast is automatically adjusted through halving, an event that occurs every four years.
When “automatic form” is mentioned, it is because it is done without the intervention of people, governments or companies. In addition, its issuance follows a specific protocol that does not depend on external factors.
For many investors, BTC is considered “digital gold” because it cannot be manipulated by governments or banking entities. For this reason, it is considered by many as a refuge asset in times of geopolitical tensions and economic uncertainty.
Thus, the discovery of new gold deposits highlights an issue: BTC is the maximum expression of a scarce asset.
