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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.Additional articles that might interest you...
Our Readers Say
August 1999
• "...just about more than I can stand."
• "I hope you can answer my number one question..."
• "...I still go out and mine a little at my old stompin' grounds in Siskiyou County..."
• "...New Prospecting Club in the Southeast."
• "...9 ounces...in two weeks."
• "...It's no secret..."
• "...just about more than I can stand."
• "I hope you can answer my number one question..."
• "...I still go out and mine a little at my old stompin' grounds in Siskiyou County..."
• "...New Prospecting Club in the Southeast."
• "...9 ounces...in two weeks."
• "...It's no secret..."
Mineralized Faults and Contacts in the Search for Gold
January 2016
Fault zones and rock contacts are important because the vast majority of gold and silver deposits, as well as those of many other metals, are formed by hot, mineralized water solutions.
Fault zones and rock contacts are important because the vast majority of gold and silver deposits, as well as those of many other metals, are formed by hot, mineralized water solutions.Exceptional Gold Dredging in New Zealand
September 2000
Gold was first discovered in New Zealand during the early 1840s, but it was only when prospectors located rich alluvial deposits of easily won gold in the South Island in 1861 that the country experienced its first true gold rush.
Gold was first discovered in New Zealand during the early 1840s, but it was only when prospectors located rich alluvial deposits of easily won gold in the South Island in 1861 that the country experienced its first true gold rush.
Jerritt Canyon Mill May Reopen
February 2009
Golden Eagle International announced is reached an agreement with Queenstake Resources back on October 14, 2008, to reopen the Jerritt Canyon mill north of Elko, Nevada.
Golden Eagle International announced is reached an agreement with Queenstake Resources back on October 14, 2008, to reopen the Jerritt Canyon mill north of Elko, Nevada.
Gold Diver's Closes Its Doors
December 2004
After almost 50 years of service to the mining industry, Burl Cheely, owner of Gold Diver’s and the manufacturer of the Couple-Jet and Taper-Jet line of dredges, is retiring.
After almost 50 years of service to the mining industry, Burl Cheely, owner of Gold Diver’s and the manufacturer of the Couple-Jet and Taper-Jet line of dredges, is retiring.
Ask The Experts
June 2015
Gold in clastic black shale
Gold in clastic black shale
Tips for Detecting Old Hydraulic Pits
October 2012
There are several counties around Shasta County that offer very good gold detecting. Many of these locations are old hydraulic pits. While detecting these old pits over the years I have come up with some ideas on how to go about hunting them.
There are several counties around Shasta County that offer very good gold detecting. Many of these locations are old hydraulic pits. While detecting these old pits over the years I have come up with some ideas on how to go about hunting them.
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