Exploring Iron Oxide Copper Gold Deposits
November 2017 by Chris Ralph
The excitement over IOCG deposits began with the discovery of a monster deposit at Olympic Dam in Australia in 1976. The discovery was accidental as the operator was searching for strata-bound copper deposits.
We import nearly all of our REEs from China, so it’s critical that we find and continue to develop domestic resources of these elements.
Most of the commercial mineral deposits are on the south and southwest part of the range between Minersville and Milford, though small amounts of gold and silver have also been found in iron-rich outcrops in the basalt to the south of Milford.
• "...just about more than I can stand."
• "I hope you can answer my number one question..."
• "...I still go out and mine a little at my old stompin' grounds in Siskiyou County..."
• "...New Prospecting Club in the Southeast."
• "...9 ounces...in two weeks."
• "...It's no secret..."
It was the middle of winter and the valley was covered in snow, making prospecting a matter of sinking shafts in the ground.
…there are loads of different copper minerals, but a large number of them form first in the ground as chalcopyrite and then through the effects of weathering are changed into other minerals like malachite, cuprite and chrysocolla.
Chances are better that both types of gold did not come from the same source. Let's look at the probable conditions to cause two types of gold in a placer.
After your excitement peaks when you first receive the high gold assay from the vein you just exposed, you ponder how you will extract and sell your gold. You will need to develop a flow sheet for your process to optimize your recovery and minimize your costs and permit requirements.
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