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Gold Garbage: Scams New & Old
October 2002 by Dr. Ralph E. Pray
Here’s what actually happened, described in the case file documents: Based on a precious metal assay certificate signed by a registered southwest assayer, the sellers, in consideration of the payment of over $53 million, transfer over 185,000 troy ounces stored in a warehouse to a company based in Norway. This document was signed and notarized in a southwest town, and was publicly distributed in 2001. Guess what?! The warehouse floor concrete may have a higher gold assay than the concentrates sitting above it valued at fifty-three million.Melman on Gold & Silver
What a disappointment! Just when things were beginning to get really interesting and both parties had seemingly hotly contested races for the presidential nominations, both Senators involved promptly said, "I quit!," took their bat and ball and headed home!
Directory of Active Mines in Arizona Available
The Arizona Department of Mines and Mineral Resources has released the Directory of Active Mines in Arizona, 2001-2002.
Legislative and Regulatory Update
• I-147 will be on the ballot
• Consolidation granted
• More rivers off-limits to mining
• Valley fills decision appealed
• Forest Service cites dredgers
• Time extended for roadless comments
• Newmont water permit voided
Sutro Tunnel a Big Draw
The population of Sutro almost reached the same number this weekend as it did during its short-lived heyday. About 600 visitors explored the site where Adolf Sutro envisioned a bustling city.
Gold Prospecting: For Better or Worse--It Was A Dark and Overcast Night
With one outstretched hand grasping the bottle and the other waving at air, I moved forward feeling for the tent. No tent. No tree.
Legislative and Regulatory Update
• National Strategic and Critical Minerals Production Act
• CA suction dredging update
• Appropriations Bill addresses problems at EPA
• Bad science, worse policy
Tongass Approves Kensington Mine Plan
Coeur Alaska’s plan to develop the Kensington gold mine and dispose of its tailings in a lake has been approved by the Tongass National Forest.
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The Bawl Mill
• Our Readers Say
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• Working the Belmont Mine Butte, Montana—1953
• Simple Sluice Design
• Cobalt and Nickel in Missouri
• Sunshine Mine Video Brings Back Painful Memories
• Hardrock Detecting
• Company Notes
• Picks & Pans: Confessions of a Professional Nuggetshooter
• Gondwana Gold and Diamonds
• Looking Back
• Ghost Towns of Washington County, Utah
• The Fire Within
• 2002 California State Gold Panning Championships—Foresthill, California
• Mining Stock Quotes and Mineral & Metal Prices
• Melman on Gold & Silver
