Hidden Value in Old Tailings
March 2014 by Associated PressThe 15 rare earth elements were discovered long after the gold rush began to wane, but demand for them only took off over the past 10 years...
Once you have determined that the land is locatable, the next step in the claim research process is to determine if the land has already been claimed by a previous locator.
When I was recently in West Africa, I got to see and play with my first, phony, Chinese knock-off metal detector.
I had my heart set on finding a large nugget on this trip, and it seemed to me that pounding known patches was not likely to turn up a monster. Inevitably I would spend at least half my day wandering off...
If you’re going to successfully detect nuggets you must not only know a little about finding gold and detecting, but you also need to know your own limits, have a dash of luck and a lot of persistence.
So, how much rain does it take to cause a major movement of gravels in a stream and redistribute the gold? The technical answer is enough water to move the bed load of the river.
Feeling through the mud, I felt the weight and shape of what could only be gold. Throwing my hand in the water revealed a sixteen-gram nugget oozing with character.
Our research indicated this whole area had been claimed by Newmont mining company for several years, but when the price of gold dropped they let the claims expire, and we confirmed this with the local BLM office.
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