February 2001 by Staff• NRX Global Corp.
• Pan American Silver
During the summer break of my first year of college in the late ‘50s, I was unemployed and bored, so my friends and I decided to do some gold mine exploration. We used to read a magazine called Treasure and had a good idea of where all the gold mines were located.
I don’t know of any miner or prospector who really wants to sell their gold. But the income might be needed to keep the mine going, buy new equipment, take a vacation or put food on the table. Whatever the reason, where does a person start?
"This is just the tip of the iceberg," Hill said. "It's going to take 200 years to dig it all out."
The Austrian Mint recently unveiled its new coin—a 68-pound, 24-carat gleaming gold disc worth about $500,000—touting it as the world’s largest and a powerful investment tool.
There may be some truth to some of the fantastic claims. The Ruby Drift Mine near Forest City is where 159 nuggets were taken out between 1937 and 1942—a total of about 1,000 ounces with an estimated value of $1.5 million when gold was...
The Bawl Mill • Our Readers Say • The King Has No Clothes • GATA Update • Clean Fuel, Cleaner Air • Gold Miners Become Tungsten Miners • Mining Deaths Drop Overall in 2000 • History of Oil in California • VCIs for Environmentally Safe Maintenance • Picks & Pans: Dredging on the Arkansas • Placer Gold in Washington • Alaska Miners to Sue Department of Interior • Oregon's Measure 7 May Provide Compensation for Land-Use Restrictions • Environment-Friendly Dredging • Legacy of the Wandering Jew Mine • Babbitt Wants Moratorium in Siskiyou National Forest • Gem Discoveries Sought in North Carolina Field • Greaterville, Arizona • Identifying Gold Ores • Looking Back • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices