Gold Deposits are natural resource endowments in the earth's crust which is of significant economic value. Gold Deposits are typically extracted in concessions granted by Governments and appropriate state agencies to firms and individuals. The rights and ownership of a gold deposit qualify as an intangible asset because it can be recognised and the associated economic benefits reliably measured. Intangible assets are a class of assets without physical form yet can present significant economic value to the owners. To estimate the fair market value of intangible assets such as gold deposits, business valuation analysts apply several techniques under the income, market and asset methods.