Altar District's Golden Lure
November 2001 by Robert P. EzzoThe Altar District of Sonora, Mexico, stretches nearly 300 miles along the American border and approximately 200 miles along the Gulf coast. This particular district was noted for its rich placer deposits and gold ledges before the Spaniards ever settled the region. Several antiguas (Spanish mines) were later developed by the Europeans and were again being operated by the Americans as early as 1904.
The Lucky Friday is already one of North America’s deepest hard-rock mines. Now, the 62-year-old mine is about to get much deeper.
- UN budget is UNderfunded and UNfairly distributed
- Walmart makes the naughty list
Several areas came to mind, but each was eliminated for one reason or another. One that seemed to be hanging on was the old historic mining town called Placerville.
I looked over and saw Ben on his knees, digging at the edge of the Manzanitas, almost underneath them. I thought back to the previous weekend when we were planning this trip—that day had been a “Ben day.”
One of my favorite sayings has always been, “Do as I say, not as I do.” Perhaps that old adage could be applied to Alan Greenspan and the actions of the Federal Reserve of late. They are telling us that the economy is not in bad shape; that we are not in or headed to recession and that new strength is just around the bend. They are acting as if there is a looming catastrophe.
If the costs of financing the national debt increase in a manner described in this study, that should, in our opinion, be regarded as a long-term plus for the precious metals.
• Can you explain a jig, Ainlay bowl, hammer mill?
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