Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) Focused on Gold Exploration Project amid Dwindling Global Supply

July 20, 2018 11:09:26
  • Core drilling program completed at San Roque property in Argentina
  • Up to 600 core samples are being shipped to a certified laboratory for assay, with management optimistic about “favorable results”
  • Company also pursues cobalt and lithium, two other minerals risking global shortage due to increased demand

Reputable mining experts have issued stern warnings in recent weeks that the global supply of gold is declining at an alarming rate, with yet no viable substitutes to replace the precious metal. The world has reached “peak gold,” with reserves being mined much faster than they are being replaced by new discoveries and with virtually no new major gold deposits being identified, according to gold and mining experts quoted by Sovereign Man ( Aiming to help meet the growing demand for gold, Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) recently completed a drilling program at a flagship Argentinean property where it searches for gold and zinc.

Based in Vancouver, Canada, the exploration company also pursues cobalt and lithium – two minerals that are also facing a growing global demand and potential shortage as a result of their use in lithium-ion batteries. Demand for lithium-ion batteries is primarily being driven by…

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