Historical Mining Methods
May 2004 by Frank Lorey IIIThe discovery of gold at Sutter’s Mill in 1848 started the great gold rush to California. The account that drew national and worldwide notice was a small, two-inch item at the bottom of the front page of the March 15, 1848 issue of the “Californian,” published in San Francisco. The article was attributed to B.R. Buckelew, and mentioned quantities of gold just being “gathered.”
For approximately 30 years, the mines produced good ore, some so rich it was simply sent straight to bagging, bypassing milling and loaded directly on the rail cars.
There are many factors that affect the price of gold. It appears to us that the majority of them are now pointing to higher prices, not lower.
It is my belief that these trends toward rising budgetary and trade deficits, escalating monetary creation and interest rates that are being held at artificially low levels will continue and I believe that further US Dollar weakness has now been built into the system.
During the past month, we have witnessed an orgy of buying on many of the world’s markets with Japan soaring by over 1,000 points (see Nikkei chart), Germany and France rallying strongly and here in America, the NASDAQ Index has risen to over 1,700 (see chart). However, when we look at the economic fundamentals, it appears to be a case of, as Sir Winston Churchill might have put it, “Never have so many become so excited about so little.”
Hills and mountains that contain gold deposits will weather and erode over a long period of time, and the eroded material will move slowly downhill. Frost wedging and roots are two of several agents that can cause bedrock to be fractured and...
A pediment is a broad, gently sloping erosion surface or plain of low relief that is often found in arid and semi-arid regions at the base of a receding mountain front. The example shown is from the Palo Verde Ranch 15-minute topographic quadrangle, southwest of Tucson, Arizona. This is one of the best examples the writer has ever seen.
The Bawl Mill • Economic Analysis on Critical Habitat for Bull Trout • Prospecting for Copper • US Mining Industry Outlook Brighter • Gold in the Chinle Formation • Gold Dredgers Rescue Threatened Fish • Gold Mine Plans Upheld in Lawsuit • DOI Computers Back Online • Picks & Pans: Nuggets by the Dozen in Alaska • The Elusive Mother Lode • Clarence King, Geologist • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver