Agency Gives Initial Backing to Kensington Mine
June 2004 by Associated PressA state funding agency has given the initial OK to financing $20 million in debt to move the Kensington gold project near Juneau toward becoming a working mine.
Father’s Day in Australia was on September 2, and it’s a day a group of miners from “down under” won’t soon forget.
The burning question I needed answered was why didn’t the deposit ever get mined of at least one of the valuable minerals? A couple of reasons have come to light.
Rotten rock (saprolite) can be found in all warm, humid regions, but is best developed in humid, subtropical climates, like that found in the American South. Outwardly, it looks like bedrock, but upon closer inspection, it can be seen that roots penetrate it and that it can be worked with a shovel or hydraulic monitor.
The problem is that extracting gold from hard rock is often a lot more difficult than processing placer gravels. Still, there is some very high-grade ore out there in many old mining areas.
Getting started in prospecting often requires the purchase of some equipment, but one can spend as little as $10 and be finding gold or spend thousands and also be finding gold—yet you will probably have many more opportunities and possibilities with more and better equipment.
The Bawl Mill • Higher Copper Price Brings Hope, Jobs • Zeballos Gold Camp, British Columbia • Agreement Allows Pogo Mine to Resume Construction • Treasure Hawk Mine Back in Action • Oregon Dredgers Receive Threats From Environmentalists • Understanding Hard Rock Mining: Terms and Methods—Part I • Mood at Calgary Conference is Subdued, But Optomistic • Reinventing the Wheel—The Infinity-Jet • Company Notes • Endangered Species Act is a Mess • Placer Platinum • Here Come the MineBots • Mining Stock Quotes and Mineral & Metal Prices • Looking Back • Melman on Gold & Silver • Brits Thwart Robbery of Gold and Cash