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Australia's First Gold Rush
April 2008 by Jim Foster
Gold was found in California a few years before the first official finds were made in Australia. It was on February 12, 1851, that Edward Hammond Hargreaves flashed around specks of gold he’d found in nearby Lewis Ponds Creek and sparked the...
Mining Boom May Be In Store For Upper Michigan
While digging a well six years ago, the owner of a backwoods camp near the Michigan-Wisconsin line cut into sparkling rock. He showed a sample to a geologist friend, who realized it was laced with zinc.
High Prices for Gold, Silver & Copper: What Does it Mean for Prospectors?
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
Butte, Montana—The Richest Hill on Earth
I recently had the opportunity to spend a day exploring around Butte, Montana and was amazed by the amount of mining that has taken place there. The old-timers called Butte “the richest hill on earth” and had pretty good reasons for doing so.
The Pay Streak: Redefined With Metal Detectors
The time-honored objective in recovering gold from placers has always been to discover and recover gold from the detritus of both known and unknown lodes. The traditional method to recover gold from desert dry placers was to locate and work the enriched gravels known as the “pay streak.” This pay streak was usually found directly over false or true bedrock and within the upper few inches of the bedrock itself.
Flood Plain Gold Deposits—What Are They Really?
We just completed a trip to another river, and yes, there was definite movement and redistribution of gravels, and other prospectors have seen this as well.
Gold & Silver of the Comstock Lode
There still remains some material in place along the lode that could be mined at high gold and silver prices.
Update: People v. Rinehart
The law is on our side, but we’ve seen some crazy rulings coming out of courtrooms lately. I believe Rinehart will win his case, but then we move on to the State Water Resources Control Board.
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