$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...
Some of the wire forms are strange and fantastic, with wires sticking out in twisted, seemingly random directions. Others have deformed crystals and all of them have significant value to collectors.
Geology is a science of general tendencies with frequent exceptions, not one of hard and fast rules that are always true and never vary. For almost every well-accepted rule of gold deposits, I can point you to a number of important exceptions.
Many of the Sixteen to One’s challenges arise from its unusual geology and the pocket characteristics of the ore deposits.
Plumas County has a rich heritage of gold mining, much of it from placer deposits that can still be searched and panned today. Being at the far northern end of California’s famed Mother Lode, it is quite often overlooked by those searching for gold today—really a well-kept secret after all of these years!
There are a number of Tertiary river channels in the area, most of which trend south-southwest. They tend to be steep, narrow, and rich with coarse gold.
The steeper the gradient is, the more potential erosive power to move gold and other bedload sediments, and the more power to remove obstacles to flow.
Unfortunately for us mortal humans, we have a poor perspective on geologic time. When we look at a landscape such as a stream valley, we see it only in two, or at the most, three dimensions. We have poor comprehension of the valley’s fourth and most important dimension—time.
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