Ask the Experts: Silent partners and mining—is it worth the risk?
January 2014 by Chris Ralph
...Judge Ochoa ordered the parties to participate in mandatory settlement hearings starting June 24, 2014.
I’d like to offer some practical comments about staking and maintaining mining claims. Owning your own claim is the dream of many prospectors. I’ve made good money off my mining claims, both from the minerals I have found on them as well as from leasing out some of my claims to larger mining and exploration companies.
It all started with a phone call from my friend and prospecting partner Pat Keene. He told me that he knew of an investor who was just starting out in the gold industry and was looking for a gold consultant to go to Africa to prospect and analyze a 400 sq. mile concession in the middle of the Congo rainforest. I waited for the “just kidding” line...
The gold was very chunky and much of it had quartz attached. Even back then I knew that the gold was very close to its source.
With every look at the box I was pulling out a few pickers and a nugget or two. The smile I had the previous night just got bigger and bigger throughout the day.
Most prospectors understand placer mining a lot better than hard rock mining and don’t realize the amount of work that goes into processing different types of hard rock ore.
The high prices for gold and silver are exciting and certainly have revolutionized the prospecting and mining scene. New interest in gold and silver mining is springing up from every corner, from individual prospectors armed with gold pans to exploration and mining companies working to set up multimillion dollar commercial operations producing hundreds of thousands of ounces per year. The idea of getting riches from rocks is one that motivates a lot of folks all over the globe. It’s an exciting time, but this excitement brings out another side...
The Bawl Mill • Ask the Experts: Big rocks or small cobbles? • Ask the Experts: Quartz rock and the chance of gold in my area of New Hampshire? • Ask the Experts: Equipment and gold locations in Colorado • Sierra County Gold—Part II • The Silver Islet Mountains of Utah • Gold Placers of the Kenai Peninsula, Alaska • Alternative Gold Leaching Methods • Over the Divide • Prospecting for Diamonds in Kimberlite • Additional Note Regarding "Strategic Metals—Part II" • Take a Kid Detecting • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices