Melman on Gold & Silver
January 2005 by Leonard MelmanThe year 2004 feels much like the fabled month of March, entering like a lion, remaining stormy for much of the time, but exiting like a lamb. It is almost eerie how there has been a reduction of tension throughout the investment communities, both conventional and precious metals, in the past few weeks.
Another area of growing international concern for business and industry is the recent astonishing proliferation of new government regulations and laws. Despite the presumably good intentions behind these measures it is now becoming apparent that they are imposing true costs to our economic society. The sheer variety of these laws and regulations is mind-boggling.
One of the first minerals most prospectors learn to recognize is quartz, because, in the right circumstances, it can be an excellent indicator mineral for prospectors. Quartz is common, easy to identify, and is often associated with gold and other valuable metal deposits.
While recovery rates are important, they must necessarily be secondary to the volume of material processed. Running more material at lower recovery rates is generally preferable to increasing the efficiency of the system.
Half the prospecting adventures I’ve done on the Kenai Peninsula occurred in winter. Not because I enjoyed looking for gold among the ice flows or 34-degree water, but on some creeks winter is the best time to find gold after violent swirl holes slow down.
The Bawl Mill • Convention Report • Interview with Congressman Gibbons on Mining Law Reform • The Art of Finding Coarse Gold Part II—Pocket Hunting for Residual Placers • Gold Canyon Resources Targets Gallium • Tucson Mountain Chaos • Picks & Pans: Auburn Ravine Gold • Suit Filed to Stop Mining in Northern California • Niobium and Tantalum • The Iola Mine Group, Montgomery County, North Carolina • Effectively Using a Detector and Drywasher for Placer Gold • Mining Companies Use Conservative Valuations • Company Notes • Accident at Robinson Mine Leaves Two Dead • Looking Back • Mining Stock Quotes and Mineral & Metal Prices