It's Not Always El Dorado
November 2020 by Ray Mills
This was “pocket” country. All around were “pockets” that had been hand dug by old and new miners.
There are several counties around Shasta County that offer very good gold detecting. Many of these locations are old hydraulic pits. While detecting these old pits over the years I have come up with some ideas on how to go about hunting them.
There is always an overwhelming feeling when finding gold of any size, but one like this doesn’t come along very often.
The area was mined intermittently from around 1900 to 1915, but was also mined in the late 1800s, with a total output valued at about $100,000, which is around $9.5 million at the current gold price.
May 18, 2019, after 26 years, I had finally saved enough money. I bought my one-way ticket to Fairbanks, Alaska, and I started off by finding a new job…
Let’s set up a thought experiment: Suppose you had some material that ran one ounce per ton gold, which is generally considered high grade to fantastic grade depending on the circumstances.
The problem is that extracting gold from hard rock is often a lot more difficult than processing placer gravels. Still, there is some very high-grade ore out there in many old mining areas.
The first thing a person should do is seriously consider whether they want to go mining as a hobby or a business, and the tax implications of the choice.
The Bawl Mill • Ask The Experts - A metal detector for Ghana? • Ask The Experts - Is a detector a good return on investment? • Ask The Experts - Concern that gold and silver aren’t considered critical? • Exploration Rush at Tonopah, Nevada • Prospecting Old Mine Dumps With A Drone • Hard Rock 101: Blasting With Kinepak Explosives • Ancestral Yuba River Placer Gold Deposits • Gold Prospecting for Better or Worse: Coyote Poop Gold • National Forest Closures in California • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices