Locating a New Nugget Patch
September 2007 by Chris RalphFinding a new spot that is rich in gold, but has not already been exploited by other metal detector operators, is a goal of many prospectors. Sometimes it takes a lot of looking and research to find such a place because a lot of prospectors are out there...
Many well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
Anyone who thinks that investing in, or writing about junior mining shares is easy hasn’t lived through the last month! What we have seen is a virtually endless parade of dynamic and frequently contradictory events. Here are just a few that have occurred in the past thirty days.
Can I treat a sample with muriatic acid?
Three homonyms come to mind when I think of gemstones, gold and vegetables: carrot, carat and karat. Let’s look at carrot first.
Rapid City, S.D. (AP)—Scientists and a team of South Dakotans have submitted a $281 million, five-year plan to turn Homestake Mine in Lead into the world’s largest underground laboratory.
Ray followed up by detecting the same area and I was happy to see that he did not find any good targets in the same line. So far so good.
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.
The Bawl Mill • Ask the Experts • Mining Gold at 16,000 Feet • Journeys in the Kingman Quadrangle—Part II • The American Hill Mine • In Pursuit of Gold & Silver in the Sierra Madres—The Plan • Cal-Gold Closes Shop After 30 Years • The Hardrock Mining and Reclamation Act of 2007 • Prison Time Handed Out for Gold and Silver Thefts • Northern Dynasty Chooses Partner for Pebble • Melman on Gold & Silver • Looking Back • Mining Stock Quotes, Mineral & Metal Prices