California: The Land of Big Nuggets—Part II
January 2018 by Chris Ralph
There are a number of Tertiary river channels in the area, most of which trend south-southwest. They tend to be steep, narrow, and rich with coarse gold.
For more than 40 years, iron ore prices have been decided by private negotiations conducted between the largest of the iron miners and the largest steel producers. These two sides dominate both the spot and contract iron ore markets.
In 1877, a prospector named Ed Schieffelin discovered silver in “the middle of nowhere” and staked two claims: “Tumbstone” and “Graveyard.” Soon a town and mining district were organized and acquired the name “Tombstone” after making a spelling correction.
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 Reno Masonic Lodge was built along the railroad tracks back when Ulysses S. Grant was president and shortly after the Comstock Lode of gold and silver was struck in Virginia City.
Narrowing down a closure date will allow you to check the commodity price during that time and possibly confirm that a low price, rather than a lack of ore, was the driving force that closed the operation.
The Oatman/San Francisco Mining District’s historic gold production of 2.2 million ounces of gold since the 1880s makes this area Arizona’s greatest primary gold producing district.
Sylvester Smith and his younger brother Nathan were among this group who rode and led their Indian ponies, while climbing the rugged Salmon River breaks and rockhewn mountains, looking for a path that would lead them up and over the uncharted wilderness.
The Bawl Mill • Legislative and Regulatory Update • How to Interpret Assay Values • Bedrock Nugget Hunting: Tools of the Trade • A Primer on Bitcoin and Other Cryptocurrencies • Gold Hunting on Libby Creek • PLP and MMAC Update • Man's Best Friend • An Interview with Minelab Engineer Mark Lawrie • Third Largest Nugget in Existence Returns to Dallas • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices