It is not necessary to have a PhD in geology, but you need to know the basics, so that’s what I am going to try to dig into here—the understandable basics of these gigantic gold deposits.

Let’s take a look at these important property aspects individually, because they all affect the value of a property and how much mining companies might or might not be interested acquiring it.

The area was mined intermittently from around 1900 to 1915, but was also mined in the late 1800s, with a total output valued at about $100,000, which is around $9.5 million at the current gold price.