Evaluating a Placer Discovery
March 2000 by Dr. Ralph E. PrayGold mineralization is usually first noted in an area by examining material weathered from the source and liberated or washed downhill from it.
Placer mining, whether for profit or recreational purposes, involves separation of free gold from the gold-bearing sands (gangue) of alluvial deposits by methods using specific gravity. The free gold can vary from 17 to 19.3 in specific gravity terms, depending on the alloy mix, which is usually silver, but can be copper, lead, sulfur, tellurium, antimony, or mercury.
The first step to finding the right tax professional requires an inventory of what you and your prospecting or mining operation actually need in the way of services and advice and, most importantly, how much you can afford to pay for that advice or service.
Ed Bechtel got the gold bug rather recently. In 1999, he was introduced to prospecting by his brother-in-law. Ed joined the Washington Prospectors Mining Association, a local prospecting club, and attended a few gold shows. It was through a gold...
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Knowing how and when to deduct the cost and expenses of the vehicles used in the prospecting or mining operation can have significant tax implications.
I thought I’d try something totally different—a large area of small material tailings. After about an hour of digging and test panning we both had more gold than all the other digs combined.
The Bawl Mill • Group Sues Feds Over New Nat'l Monuments • Tribe Joins Idaho in Roadless Suit • 10,000 Shovels Back Protest • Letter to the Editor—From Mike Miller, President, Original Sixteen to One Mine • U.S. Dept. of Interior Inspectors in Arizona • Wyoming Tops in Royalties • Sunnyside, Arizona • Company Notes • Treasures for Sale • "Gold" Coin Debuts • Picks & Pans: Prospecting at Mills Creek, Alaska • Delamar District, Nevada • Millie's Tailings • Adventure at the 420 Level • Looking Back • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices