Detecting for Possible Mid-Range Eluvial Gold
September 2006 by Jim StraightActually, this mid-range gold zone can exist in any eluvial placer field with a shallow zone where the ground “tightens up” below the loosely packed surface dirt to harder packed dirt. However, its presence depends upon several factors:
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While most precious metals observers tend to pay more attention to action in the gold market as opposed to silver, there are times when the white metal can give us particularly sharp price targets going forward.
We are now seeing declines in gold followed quickly by rallies to new relative highs while powerful stock market rallies are met with aggressive new selling. Whether this pattern will continue into the future is debatable, but it certainly is a welcome background for the much-battered world of precious metals investing.
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
Lieutenant Henry O. Flipper might well have been correct about the “Santa Fe de Rodríquez” being the name of what is now called Guaynopa. However, an Indian named Agustín de la Cruz, who was associated with Cristóbal Rodríquez, is credited with discovering the mine in 1741. It is probable that the Spanish settlement had indeed been found because of its rather extensive ruins.
Australia is an island continent between the Pacific and Indian Oceans that is nearly 3 million square miles in area. Some 20 million people, mostly of British descent, live on the island, especially in coastal areas and in five major cities along the...
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The Bawl Mill • The Yukon-Klondike Goldfields—Part I • New Mine from Century-Old Gold-Silver Bonanza • Solar Powered Placer Equipment • The Treasure Detective—Part III • Countries Want More Concessions From Miners • New Interim Rules For Washington Miners • Melman on Gold & Silver