New “eco-gold” coin offered

Mammoth Tusk Gold Inc. may be trying to tap into a new market by using socially and environmentally sound gold-mining procedures to produce what is known as “eco-gold”. According to the companies website, “Chemicals are not used while mining, and there are no toxic by-products from the extraction process. Water, motion, and gravity are used to extract the gold and very careful attention is given to ensuring the protection of waterways”.

Mammoth Gold officially unveiled its first eco-gold product this week, The Mammoth Gold Coin.

The initial product offering is 250 one ounce gold coins.

The coins are minted from Klondike gold which has been batch refined to .9999% purity. Each coin includes a chain of custody document that tracks the gold content from mining to manufacture. Also included is a certification of validity from the Yukon Territorial Government, a certification of minting from the Lasqueti Mint, and all coins are presented in a hand-made wooden box inlaid with Mammoth Tusk ivory.

Company literature says Mammoth Gold comes from a placer mine. Miners extract ore from creeks and rivers, which contain gold nuggets, flakes and dust. The ore is then sluiced, a process by which water, gravity and motion separate the heavier gold particles from the lighter gravels. (more…)