Fraser Institute Ranks Best Regions for Mining Investment
March 2004 by Associated PressAttractive geology does not guarantee mining investment if a region’s policies are bad, say mining executives surveyed in the seventh Annual Survey of Mining Companies released by The Fraser Institute.
This ruling comes at an opportune time, just as suction dredge miners are dealing with new proposed regulations in several western states. Be sure to cite this case when you provide comments on the regulations!
On July 9, 2004, Under Secretary of the Department of Agriculture, Mark Rey, published the “Interim Rule.” By its own terms, the Interim Rule became effective on August 9, 2004, without regard to public comments. Public comments were, however, received until September 7, 2004.
Many well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
During the initial assessment year (the year of location), the claim maintenance fee must be paid at the time the notice of location is filed with the Bureau of Land Management. Failure to pay the claim maintenance fee will void the claim.
Gold and other valuable metals are often deposited in breccia and rubble formed by flat or gently-dipping faults. Such faults are commonly found in areas of crustal stretching caused by the movement of tectonic plates. Flat-faults are especially common in southeast California, southern Arizona, and northern Sonora, Mexico. However, they can be present anywhere that crustal stretching has occurred.
I got a signal but knew it was small. Still, I was very happy to find something. I continued and got another signal. Yes! A bigger nugget! Then I got another signal.
The Bawl Mill • Our Readers Say • Fair and Balanced? If You Have the Cash • Pocket Gold in Gneiss • Australian Prospector Detects 150-Ounce Nugget • The Tangential Impulse Water Wheel in California Gold Mining History—Part II • Picks & Pans: Dredging After The Flood • Mining Industry Enthusiastic About Prospects • Looking For Gold in All The Right Places • Ask the Experts: Recommended Reading—Part II • Red Lake, Ontario • Company Notes • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices