February 2005 by Scott HarnExcerpts from California Mining Journal, our original title, published 50 years ago this month.
Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?
• Disappointed supporter has the ultimate last word on the matter...
• You should have seen the millions that got away...
• So much for sacrifice...
• Top Democrats will have to find new finance chairman
...even the best prospectors have times when they do not find gold. It is all about taking chances against tough odds and succeeding.
A recent discovery in Northern California has proven once again that there is still good gold to be found if you do your homework.
Back in the early 1800s, there was a gold mine being dug in a mining community called Garden Valley. Garden Valley is located northeast of Sacramento, between Georgetown and Coloma. They called it Garden Valley because there were some miners who thought there might be more money in growing and selling vegetables than in mining for gold.
North American mining companies are hunkering down to ride out a global economic slowdown; looking to rein in spending and perhaps delay some projects and exploration.
The first step in my recovery process after milling the ore to the desired size is to table it. On this particular ore, I get good results milling it to minus 100 mesh.
The Bawl Mill • Shortage of Mining Engineers Projected • Ex-MarketWatch Mining Promoter Settles Charges • Carbonatites • Sage-Grouse Listing Denied • The Art of Finding Coarse Gold—Part III • Tongass Approves Kensington Mine Plan • PLP Interim Rule Raffle • California Miners Locate Rich Pocket of Specimen Gold • The Lucky Shot Mine • BC Premier Heralds "Golden Decade" in Forestry and Mining • Drywashing for Eluvial Gold in the Desert—Using a Portable Drywasher and Hand Tools • Claim Filings Up in the Northwest • Canadian Officials Foresee Little Impact From Mine • Coeur d'Alene Mines Sees Future in Bolivia • The Golden Highway—Nevada County • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices