All About Pyrite
January 2015 by Chris RalphMost prospectors learn early that pyrite is fool's gold...but the truth is it can be an excellent indicator mineral for gold and in many cases does contain small amounts of gold.
Liberty, Washington is located in the mountains near Yakima and Ellensburg. There is nothing much in Liberty except for about 20 houses on patented mining claims and a lot of dry holes.
My partner had the contacts and it wasn’t long before we had an agreement in place and the company had a geologist on site. I recall a time when he was getting the lay of the land, so to speak, and he broke off a rock sample and inspected it with his magnifier.
Contacts, faults and zones of weak rock are all places that can act as a pipeline to convey gold-bearing fluids, leading to valuable deposits.
Quiz yourself about the stream in figure 5. Based on your previous knowledge of where gold is found in a stream and in this article, where do you think you will find the most gold?
The biggest obstacle is that like many streams on the Kenai Peninsula, high water during the summer months from snow melt and rain can make dredging nearly impossible. The best dredging is in the colder months of the year.
I suspect detailed geological mapping and prospecting would lead to discovery of one or more overlooked gold deposits in the district even though it has been heavily prospected in the past.
Narrowing down a closure date will allow you to check the commodity price during that time and possibly confirm that a low price, rather than a lack of ore, was the driving force that closed the operation.
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