Gold Garbage: Scams New & Old
October 2002 by Dr. Ralph E. PrayHere’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.
Q: Years ago I had plans for building a home-built suction dredge called the Spartan dredge. I really loved that dredge. I now have a 12-year-old son who wants to start mining. We wanted to build our own at home but I’ve lost the plans.
The Wyoming State Geological Survey continues research on diamonds in the Laramie Mountains northeast of the UW campus.
Rather than using the practice of government seizure of private property to promote economic development, the county is using it to preserve open space.
• Surprise! No means no
• Overruled, for now
• If it sounds too good to be true
That prospecting effort you are about to spend your time on...is it worth your effort? If you are going to devote your time to it, you will need all the facts you can get.
He found 5 to 7 feet of gravel containing half an ounce per yard. This started a rush of placer activity and several other shafts were sunk, with some large multi-ounce nuggets being found.
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.
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