Kings Valley Project Hopes to Meet Lithium, Uranium Demand
December 2007 by Leonard MelmanFew states in the United States have seen mining activity equal the State of Nevada in recent decades. The state is mineral-rich and possesses a regulatory apparatus that encourages mining activity.
The Reynolds gold mine is located approximately 6 miles northeast of the town of Troy, North Carolina, the county seat of Montgomery County. According to old reports, the mine was discovered around 1800. Production reports from the mine are sketchy, but mention the occurrence of telluride minerals associated with the gold. Early work was apparently confined to a number of quartz veins that traverse the property in a northeasterly direction.
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Each specimen is carefully examined to determine if it would be beneficial or not to use an acid treatment to reveal more of the gold.
Across and downstream of our operation was a large pile of huge boulders. It was logical to think that water forces may have deposited gold in and around these boulders. We moved our dredge over and started pulling the rock pile apart.
Our testing over the past 15 years was to confirm or deny the USGS report completed in 1978. Besides the half acre test dig, we completed many additional test digs by hand and with the backhoe.
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