How to Evaluate Mineral Claims—What to Know Before You Buy
April 2018 by Chris Ralph
Even though they have put down thousands of dollars, the buyers often stop paying on their claims part way through the process after they realize they’ve been duped, but the company just sells it again to another buyer.
Gold and jade are actually only minor mineral resources for the Northwestern Alaska region as a whole. Modern prospecting has focused more on base metal than precious metal resources.
Digging in the right spots will produce excellent results, like this group of nuggets taken by the author while metal detecting during the last few months. The biggest nugget is over an ounce.
My hunch was that the gold is coming down the apron, falling off to both sides and into both gulches. I say that because the gold we found previously has the same characteristics and color across the entire area.
We’ve had two trips to the deserts of Nevada and explored mines and mill sites, hiked miles of ravines in California, and swung our detector coils over thousands of square yards of bedrock.
The first pieces found were in a spot that most gold hunters would not even detect, right in the middle of a downslope meadow.
I didn’t think too much of our dredge hole and we were both considering a move when we hit bedrock. There was a good quantity of flakes and fines, but no nuggets.
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.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - What Do I Look For and How Do I Sample? • Ask The Experts - Prospecting Around Graeagle • Hunting Down Paystreaks • Deep Nuggets From The Strange Little Patch • We’re Still Thinking About It • Springtime Sampling In The High Desert • Dredging Safety: Don't Ignore The Warning Signs • Russian Plane Spills 3 Tons of Gold on Runway • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices