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.
A hardrock minerals lease and environmental assessment issued recently give Idaho General Mines the right to apply to explore property near 5,400-foot Goat Mountain, north and east of the Mount St. Helens National Volcanic Monument.
While gold nugget detecting with a pulse induction machine, most people will be swinging a mono search coil and will have their machine set in all-metal mode. However, the newer pulse induction machines can and will discriminate iron very effectively...
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The favorable geology of the northeastern and central parts of the Seven Troughs Range are the parts most interesting to prospectors. They are underlain by a thick sequence of Tertiary volcanic rocks, mostly rhyolites and andesites.
There are some miners who are under the impression that an organized Mining District will immediately get the regulatory agencies off their backs so they can start digging or dredging again.
The hair stood up on the back of my neck when I saw this, especially the nice patches of wash in the bottoms of the gullies, a sure sign of an auriferous source being nearby.
Merle W. Swanson
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