Melman on Gold & Silver
August 2004 by Leonard MelmanIf there was one word that characterized news events of the past month it was “uncertainty.” Would the United States hand over the government of Iraq to the newly-installed leadership? Would the Fed at long last raise interest rates, and, if so, by how much? Would the new pattern of sabotage against oil pipelines in Iraq...
This year’s rally worked extremely well with over twenty exhibitors and four seminars on various aspects of mining running throughout, as well as active river demonstrations of equipment. The hands-on approach, allowing people to try the suction dredges and power sluices, recovered well-distributed fine gold.
The specter of nuclear war temporarily raised its ugly head last month, which prompted many nations to recall their citizens from both India and Pakistan, and sent shock waves through both the financial and metals markets.
Fatal injuries at mining operations in the United States last year decreased nearly six percent from the previous year, according to preliminary data from the US Department of Labor’s Mining Safety and Health Administration (MSHA).
All these decisions and more depend on the richness of a claim—something that is determined by sampling. But sampling isn’t cheap, and even collecting the samples can be more difficult than it appears on the surface.
Why couldn’t we take some cold river water, pass it through some cooling coils and cool the air in the mine? This thought came to me one Sunday afternoon while fishing, knee deep, in the cold Coeur d’Alene River just west of Kellogg, Idaho.
• Is there a standard contract for placer mining to use with a private property owner?
It took me awhile before I finally got a nice mellow signal. My nugget turned out to weigh in about two dwt (pennyweight). Over the next few hours, we all picked up a few more nuggets apiece.
The Bawl Mill • Lawsuit to Challenge New Forest Service Regulations • Gold in Utah Laccoliths • Where Do I Begin? • Looking Back • Mine President Seeks Opinions From Peers • Over The Divide • Picks & Pans: Miner Finds Heart of Gold • Company Notes • Canadian Arrow Tries Different Approach • Greenstone • Experts Forecast Rising Prices for Gold, Silver • A Few Reminders About Fraud • Mining: Doing it Right the First Time • Prospectors & Treasure Hunters Find Gems • The Golden Highway—El Dorado County • Mining Stock Quotes and Mineral & Metal Prices