Gold Pour Signals Revival in the Mother Lode
January 2013 by Associated PressMiners are digging again where their forebears once unearthed riches from eight historic mines that honeycomb Sutter Gold Mining Company’s holdings about 50 miles southeast of Sacramento.
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 lake is at the southern tip of the San Andreas Fault, which has shifting tectonic plates that bring molten material closer to Earth’s surface. The only other part of the US known to have more geothermal brine available is on the fault’s other end in Northern California.
So you think you have an ore deposit? The work has been long and hard, but there are a few drill holes, lots of samples and assays. The data is in a reliable computer and there may be a mine at the end of the tunnel. What is the likelihood of a profitable operation? Can you raise capital for development or exploration?
Arizona-based International Silver Inc. is proposing an underground silver and zinc mine in Montana and has asked Butte-Silver Bow County to lease them the surface and mineral rights to hundreds of acres.
Manderfield’s ruling opens the way for Kennecott Eagle to begin blasting. The company has declined to say when it will start. A spokeswoman said drilling would begin “in the coming weeks".
In this second part on cobalt, I will take a look at the various types of cobalt deposits and how you can prospect for them. Who knows—perhaps the next big cobalt strike will be yours.
My partner had the contacts and it wasn’t long before we had an agreement in place and the company had a geologist on site. I recall a time when he was getting the lay of the land, so to speak, and he broke off a rock sample and inspected it with his magnifier.
The Bawl Mill • From the Editor • Ask the Experts • Iron Minerals, Your Detector and Gold • The Robinson Mine—Big Things Happen Here • Forty-Six Nuggets • Customizing Your Dredge • Small Miner Beats Forest Service in Court • Using Vegetation and Soil Conditions as Prospecting Aids • Prospecting for Diamonds • Green Valley Reconnaissance • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices