Major Miners Go on Buying Spree
September 2008 by Associated PressA little more than two years ago, the co-founders of a small Canadian mining company unearthed a gold and silver deposit in southeastern Ecuador that industry experts believe is the most significant discovery in at least a decade.
While digging a well six years ago, the owner of a backwoods camp near the Michigan-Wisconsin line cut into sparkling rock. He showed a sample to a geologist friend, who realized it was laced with zinc.
The first reported occurrence of uranium in the United States was at Central City, Colorado, in 1871. However, prior to 1922, the ore was mined for its radium content, not uranium.
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.
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.
Unfortunately, mining is politically unpopular and support of the mining industry, no matter how many jobs it brings to a state, even in times of difficult financial need, is never popular among politicians of any stripe.
• Just because it looks American, doesn’t mean it is…
• Attempted hacking by Homeland Security?
• 37% more than they counted on…
• The high price of wind power
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts—Columbium/Niobium • Ask The Experts—How do I work this large quartz vein? • Cashing In Your Gold: Working With A Refiner • Our Readers Say • The Big Gold Strike • Gold Deposits Of South Carolina • Investing In Junior Mining Stocks • Bella's Birthday Nugget • Hidden Treasure Mine—Foresthill Divide, California • Jerritt Canyon Mine Lays Off 400 • Teenager Finds Large Nugget • Winnemucca Rising While Other Towns Falter • Melman on Gold & Silver • Mining Stock Quotes • Utah Mining History Being Erased