For a Few Specks of Gold
June 2006 by Associated PressThe gold at the Ruby Hill Mine is microscopic, specks of specks that amount to a few ounces in every 100 tons of rock. It is embedded hundreds of feet beneath the rocky floor of the high desert, tawny and stubbled with sagebrush, toothy ridges dusted with snow.
Most of the world's diamonds come from Africa and Australia, but several new discoveries in the United States and Canada have spurred interest.
So you think you have an ore deposit? The work has been long and hard, but there are a few drill holes, lots of samples and assays. The data is in a reliable computer and there may be a mine at the end of the tunnel. What is the likelihood of a profitable operation? Can you raise capital for development or exploration?
Each separate Mining District is a federally recognized entity. There are huge advantages—picture yourself going to an oversight meeting where 2, 3, 4, or even more Mining District representatives have obtained voting positions on the board.
The year 2004 feels much like the fabled month of March, entering like a lion, remaining stormy for much of the time, but exiting like a lamb. It is almost eerie how there has been a reduction of tension throughout the investment communities, both conventional and precious metals, in the past few weeks.
The Bawl Mill • Basic Geology for the Independent Miner—Part VI Geology of Placer Gold Deposits • Mining is Booming in Northern Ontario • The Livengood-Tolovana Mining District • Miners Rescued After Two Weeks • Mining Firms Uneasy Over Bolivia • Wyoming's Billion Dollar Nugget • China to Set Up Strategic Reserves • Mongolia Tax May Chase Off Investment • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices