Garrett Electronics - trusted by real miners & prospectors!

Magazine

All Articles

Gold Garbage: Scams New & Old

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.

Online access required. Please .

Add a Comment

Additional articles that might interest you...

American Manganese


Exploration geologists looking for strategic metals projects may find open ground in some of the old historic manganese mine areas as manganese has been largely overlooked as an exploration target for many decades.

Company Notes


• AZCO Mining Inc.
• Great Quest Metals Ltd.
• Royal Gold, Inc.
• Altair International, Inc.
• Vista Gold Corp.
• Placer Dome

Underground in the Original 16-1 Mine


These days they employ the use of metal detectors and carefully scan the shattered rocks, hoping to hear that sound we detectorists love to hear.

Melman on Gold & Silver


The great question is what will occur looking forward. Those in the “hard money” camp believe we are nearing the end of the road, when monetary stimulation without price inflation cannot continue...

Roosevelt: From Boom Town to Mountain Lake


Roosevelt was a product of the Thunder Mountain boom, Idaho's last major gold rush.

A Journey Into the Silver Peak Range


The Gold Rush in California called hundreds of thousands of souls to leave their homes to journey to the the far reaches of the West. At first the rich goldfields of the Sierra Nevada beckoned to these adventurous pioneers.

Melman on Gold & Silver


One of the consequences of the weakening economy and the sharp declines in NASDAQ securities was a sudden weakening of the US Dollar (see chart of D-Mark). As investors began to pull their funds out of the US and return the funds to their native lands, this resulted in sales of the dollar, reducing it in value.

Subscription Required:
The Bawl Mill   • Our Readers Say   • Placer Gold in Idaho   • 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

Free:
Legislative and Regulatory Update

Advertisements

Garrett Electronics - trusted by real miners & prospectors!
Precious Metals Recovery plants and equipment
Fighting to keep public lands open to the public
Specializing in the processing of precious metal ores!
Watch prospecting shows on your computer right now
Free Online Sample Issue