Gold Prospecting: For Better or Worse
September 2018 by Joe Chmiel
We all love to see that first glimmer of gold when it peeks out from under the black sand in our pan, or feel the weight of a nugget in our scoop when we dig a good target. But sometimes things don’t go quite so smoothly.
The first thing a person should do is seriously consider whether they want to go mining as a hobby or a business, and the tax implications of the choice.
On the day prior to Mother’s Day I was able to get out and spend a few hours prospecting. I wanted to try some new settings on my detector, and I had a place in mind to do that.
When I was recently in West Africa, I got to see and play with my first, phony, Chinese knock-off metal detector.
Years later I returned with a new detector with a smaller coil and detector technology more sensitive to smaller nuggets. I found my first nugget within five minutes. I had a second five minutes after that.
He began hiking my way and was as astonished as I was when he saw it. Another high five moment! It makes you wonder how long this gold had just been sitting there on the ground.
The nugget was cast aside with larger rocks during the screening process, but it was found later by an employee...
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