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.
...this contradicts the fact that mining claimants are considered landowners with exclusive rights to possess and use that claim, and miners have “riparian rights” on mining claims that do not require permitting.
• Idaho challenges EPA regulations
• California suction gold dredging
So, I took the plunge. I decided on the maximum I would pay for the claim, then placed my bid. A day later I received a congratulations e-mail that I was the high bidder, and oh, by the way, send us your money.
For obvious reasons southern California is not known historically for its gold mines. Gold production was concentrated heavily in the Sierra Nevada foothills in the northern part of the state. However, the high mountainous region of eastern San Diego County was the site of a number of productive hardrock gold mines, notably in the late 19th century.
There were many thousands of tenderfoot, greenhorn prospectors that came out west in the 1860s and 70s. Some came to make their fortunes; some came to flee other problems back east; and some just came for the adventure. Probably every one had a tale to tell, but one of these adventurous individuals was a young man named Sam, and this is his true story.
Diamond exploration in Canada has led to a major new industry that did not exist prior to six years ago. Yet today, Canada ranks as one of the world’s leading producers of gem-quality diamonds.
Thom Calandra, well known for promoting mining companies and precious metals through CBSMarketWatch.com for the past several years, will pay over $540,000 to settle charges he used his investment newsletter to profit from stocks that he owned.
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