$50 Million in Gold From 1857 Shipwreck Approved for Sale
March 2018 by Associated Press
The gold is all for sale. Just one tiny coin alone could go for $1 million because of its combination of rarity and the history behind it...
The truth is that cemented gravels are really not all that complex. There is no mystery of how gold grew there or somehow wormed its way into these solid gravels.
There are a large number of different kinds of gangue minerals, and each of them has its own tale to contribute to the story of the chemistry and geology of a deposit.
In September 1861, on a round-about prospecting journey homeward, five California gold miners discovered gold in the area now called Florence. While watering the horses, one of the men noticed a golden color on a piece of slate bedrock in the stream...
I set up my dry washer on the north side of the cut and sampled the bed rock and dumps around me. As I was only sampling, I ran for 20-30 minutes, shoveling from a variety of areas.
The fact that mineral deposits can contribute specific types of heavy minerals is why the analysis of the heavy mineral concentrates in the streams of an area can be an important prospecting technique for finding undiscovered mineral deposits.
Chances are better that both types of gold did not come from the same source. Let's look at the probable conditions to cause two types of gold in a placer.
...I would bet considerably more lode gold and silver remains to be found in this area, and there are possibilities for small placers and nugget shooting.
The Bawl Mill • The Wild Rush To Find More Cobalt—Part II • Trash! A Hindrance Or Hot Spot For Hidden Gold? • Rare Silver Nuggets And Their Origins • Legislative and Regulatory Update • Re-Opening Nevada’s Relief Canyon Mine • PLP and MMAC Update • New Rules For Taxing Pass-Through Income • Sulfides and Intergrain Gold Wire Nuggets • Man Who Died In Yellowstone In 2017 Was Looking For Hidden Treasure • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices