Buying a Mining Claim: Questions to Ask
March 2013 by Chris RalphAt one time or another, many miners will look seriously at purchasing a mining claim...Usually it’s a significant financial commitment, so how do you know if you are getting a good deal?
The placer deposits of Utah occur in two distinct types of environments. These are 1) placers found adjacent to, and derived from, gold, silver and base-metal deposits; and 2) placers found in major rivers and derived from unknown, distant sources.
Anyone who has found a patch knows the difficulties involved. Those who haven’t can guess, and with any effort will soon realize it.
It is this ability to hear and respond to the faintest of audio signals that I believe separates the best nugget hunters from everyone else.
Time is a commodity which if traded would dwarf the price of gold. Nobody has enough of it; we can’t make more of it; and whether squandered or spent wisely, once gone, it’s gone forever. To find gold we have to spend time.
…we focused on various layers of hard-packed flood material out of the creek, and we also obtained some material up quite a ways from the creek itself on bedrock.
…whichever layer I’m getting the best gold, I’ll work that stratum. Some of the best gold in the desert is not always on the bedrock.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Legislative and Regulatory Update • Gold Deposits of Montana • Benches and Fossil Placers • Turning Hobby Mining into Business Mining • Looking for that Hidden Placer • The Many Facets of Iron • And the Survey Says... • $50 Million Swiped in Diamond Heist • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices