Is There A Gold Shortage?
October 2008 by Scott HarnCoin and bullion dealers confirmed in mid-August that the US Mint was refusing orders from dealers.
In some places, semi-continuous sections of riverbed can easily be linked in many places to identify the path of the ancient rivers.
The Sunshine Mine in northern Idaho could start running again in 2008.
Metamorphic rocks such as gneiss and schist are known for their pocket gold deposits. Such pockets may not be large enough for major mining operations, but may be very rewarding for individuals or small companies. Gold-bearing quartz veins may cut gneiss or schist, but often the veins parallel the bedding, or foliation. The origin of mineralized veins, which parallel the foliation, has been kicked around for years.
If you think all the vein gold near the surface has been dug up—think again! A weekend prospector recently came into the lab with a shoe-box full of samples that were from ten to fifty percent native crystalline gold on dirty white quartz.
We found the area where this patch of gold nuggets was located by researching several books on old mining districts. By the end of the 2006 winter we had about five different locations that we wanted to investigate.
In the first part of this article, we took a look at the special geology required to form coarse gold. In the second part, we looked at field examples of coarse gold occurrences and the geology of residual placers.
The Bawl Mill • Dredging at Real Del Castillo, Baja • Finding Paystreak Gold With A Metal Detector • General Metals Continues Toward Production • Cedar Rim Opal—Discovery of a Giant Opal Field • "I Got Dusted" • The Trail of ‘98 • Newmont Steps Up For Laid Off Workers • Benton’s Rich Silver • Gold Trader, Employee Charged with Wife’s Killing • Wyoming Governor Pushes for Uranium Study Release • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • California State Open and US National Gold Panning Championships