Melman on Gold & Silver
April 2005 by Leonard MelmanThe entire petroleum complex has once again taken center stage in the world’s financial markets as prices for crude surged to near all-time highs at $55 per barrel and associated products such as heating oil and unleaded gasoline (see chart analysis below) soared through previous peaks. What made these new rallies so remarkable...
- NEPA comments due
- Update on latest US Supreme Court suction gold dredging appeal
- Washington State tries to restrict suction gold dredging
Strange things do indeed occur. Here we were in western Nevada’s Walker Lake District, normally one of the driest areas for mining operations in America, and we couldn’t access a sizeable portion of Gryphon Gold’s project areas due to...
I have been a gold dredger for 9 years. The first dredge I bought was a 4-inch, with a 5hp engine. It had 15 feet of suction hose, a beat up regulator, a patched air reservoir, and floats that were sun baked and cracked—what a beauty. Vaughn and Darrel sold me this dredge, and could tell that this crazy “Canuck” was excited. We talked for many hours that first day I met them, and I was eager to learn...
With great relief, the equipment I chose worked well, and after shoving into three days what should have been ten days of set-up and testing, we were up and running.
So far this year we have recovered over three pounds of gold and the hard rock veins seem to go on forever. We now have three claims that can produce good enough gold to set up a productive operation.
When everything is still dry, one of my favorite methods of prospecting is using a straw to blow out small cracks and crevices that dot the exposed bedrock along a stream.
I wandered back across the river, wading through the rapids and slipping at least three more times. I couldn’t believe how slick these rocks were! Once on the other side, I sat down for a few moments to review my plan of attack and lick my wounds.
The Bawl Mill • Our Readers Say • Progress Report on Washington State Small-Scale Regulations • Pediments • Bill to Allow Mining of Coeur d'Alene Basin • Dredging Below the Homestake • Looking Back • Picks & Pans: The Glory Hole • Enthusiastic Crowds at PDAC • Fraser Institute Survey Results Rank Best (and Worst) Mining Locales • Synclinal Oil • Small-Scale Prospecting & Mining (A Little History) • Higher Zinc Price Creates Opportunity • Government Appeals Miner Injury Case to Supreme Court • Mining Stock Quotes and Mineral & Metal Prices