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.
Gold and jade are actually only minor mineral resources for the Northwestern Alaska region as a whole. Modern prospecting has focused more on base metal than precious metal resources.
When placer miners from the gold rush era began experimenting with the slope of their sluices, they must have pondered the ideal slope for trapping gold in a creek bed too. Logic suggests the same is true for streams...
The steeper the gradient is, the more potential erosive power to move gold and other bedload sediments, and the more power to remove obstacles to flow.
…if you are game for digging in and learning more about the intricate details of how gold deposits form, then let’s jump right in.
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.
Plumas County has a rich heritage of gold mining, much of it from placer deposits that can still be searched and panned today. Being at the far northern end of California’s famed Mother Lode, it is quite often overlooked by those searching for gold today—really a well-kept secret after all of these years!
Even as late as 1906, Delamar was second only to Tonopah and Goldfield in production outshining many better known areas. Since the first discoveries, more than 700,000 ounces of gold have been produced from the mines here.
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