Gold Ores of the Delamar District, Nevada
August 2014 by Chris RalphEven as late as 1906, Delamar was second only to Tonopah and Goldfield in production outshining many better known areas. Since the first discoveries, more than 700,000 ounces of gold have been produced from the mines here.
The company acquired the Guanajuato Mine Complex in 2005, and since that time they have carried out extensive drilling programs, both from surface and underground, with particular emphasis being placed on the Cata Clavo Zone.
They must have assumed the paystreak was spotty and had been mined out, so they never mined as close to the side of the valley as they should have.
The $800 million project will provide 300 jobs during production. It will be the only US mine where nickel is the primary targeted mineral, with about 360 million pounds to be extracted.
A crater in an undersea volcano off Japan may contain the world's largest gold nugget ever found...
…2017 was just the first year with a small increase after a huge drop off in exploration activity. It may take many years of future increases to get back to where the activity was in 2012, as projected increases in exploration spending are seen to be slow and steady.
“We feel that we can clean up an area that has been abandoned after 100 years of mining,” Lyon said.
In some ways, silver is the forgotten precious metal because it straddles both the world of precious metals and jewelry, while having many important industrial applications like a base metal. The price of silver reflects both the precious metal investment demand as well as the industrial demand.
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