How to Turn Your Gold Finds Into Cash
March 2020 by Chris Ralph
Even if you are not ready to cash in right now, it might be good to evaluate your options and make a plan of action so when that day comes you know exactly what to do.
I made my way up past where I left off and the wash was going to end in about 100 feet. It was then I got a sweet signal.
We decided to run a detector over each piece. If we got a decent signal we placed the piece into a high-grade pile and the rest went into another pile to be worked on later. This high-grade pile wasn’t that large—maybe 25 pounds...
The type of mine dump that is best for metal detecting are the ones that consist of mixed sizes of rock and are located near some sort of excavation, commonly a shaft or adit. Sometimes the piles located along a trench dug by the miners can be productive as well.
Because these crevices catch and hold gold so well, it's worthwhile to learn how they form, which ones are good for catching gold and which ones are not.
Once indicators start showing up along or below a contact I start to get excited. When I have shale, and outcroppings of diorite with iron-red, gritty soil and some clay thrown in, I really get lightheaded. I may be a mile away from the nearest diggings but that’s okay. I just found a spot that could provide some nice nugget hunting.
...if you have a good, rich spot, hand-operated systems can produce some decent gold.
While a large number of locations have yielded some placer gold, most of the state’s placer production has come from a few productive districts.
The Bawl Mill • Ask The Experts -- How do I find the owners of patented property? • Ask The Experts -- Is it worth going after these rare earth minerals? • Ask The Experts -- Will a land mine detector work for gold? • My First Gold Patch • Caught Between A Hard Rock and A Rare Earth Place • The Potholes—California’s Oldest Known Mining District • Sampling for Success—Part I • Over The Divide: Annie Carol Robinson • Gold Prospecting for Better or Worse: If the RV’s a Rockin’, Please Come a Knockin’ • The Mid-Winter Nugget • Gold In The Midwest—Part III: Iowa, Missouri, and Kansas • Trump Proposes $1.5 Billion to Fund US Uranium Production • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver