Lode Gold in Honduras
September 2005 by Edgar B. Heylmun, PhDHonduras, about the size of Ohio, is one of the “banana republics” in Central America. The central part of the nation is mountainous, with peaks reaching 9,000 feet.
Newmont Mining Corporation, Normandy Mining Ltd., and Franco-Nevada Mining Corporation announced a possible merger, which would create the world’s largest mining company. The boards of all three have approved the plan, but it is still subject to shareholder and regulatory approval.
During the Indian Wars in 1874, General George Custer and his men camped on French Creek in the southern Black Hills, near the present site of Custer, South Dakota. Two of his men found placer gold in French Creek. Word got out, and before long, a party of prospectors arrived. However, the government had signed a treaty with the Sioux Indians to stay out of the Black Hills. This led to prospectors sneaking in and working creeks all over the region at their own risk.
Today, a Canadian company is reviving the mine to take advantage of silver prices that have tripled since 2009, giving the few dozen residents still living in the area more action than they’ve seen in decades.
Successful miners report that the Peshastin’s gold is unusually course and most of the recovered nuggets are small pickers. Flood gold is prevalent here and easy to find and recover on the Peshastin.
Most of our gold recoveries have been in the cracks of the bedrock. Hot rocks in the form of dikes cross the creek at various locations, causing us to skip those areas.
…the men sought to “inject false and misleading information about the genuine supply and demand for precious metals futures contracts into the markets, and to deceive other participants”…
“Wealth beyond your wildest imagination.” Those were the words that were used to inform me of how much gold was in a paleo channel that exists beneath the present channel of the Similkameen River in the State of Washington; words that have echoed in my mind for the past sixteen years.
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