Is a Gold Rush Coming to the Iron Range?
September 2004 by Associated PressScientists from the state Department of Natural Resources reported that they recently discovered the highest concentrations of gold particles ever found in the state during routine soil sampling near Soudan.
- Those “dog-gone” fraud charges
- Fake news
Here’s what actually happened, described in the case file documents: Based on a precious metal assay certificate signed by a registered southwest assayer, the sellers, in consideration of the payment of over $53 million, transfer over 185,000 troy ounces stored in a warehouse to a company based in Norway. This document was signed and notarized in a southwest town, and was publicly distributed in 2001. Guess what?! The warehouse floor concrete may have a higher gold assay than the concentrates sitting above it valued at fifty-three million.
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In 1983, some of the ore yielded more than 2,500 ounces of gold within 30 feet of the surface. The shoot pinched to a narrow vein.
The last US uranium mill ever built, in this parched landscape near Lake Powell, shut down quickly after it started operating as nuclear power fell into disfavor about two decades ago.
Roosevelt was a product of the Thunder Mountain boom, Idaho's last major gold rush.
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