Melman on Gold & Silver
May 2004 by Leonard MelmanA very famous quote that appears particularly relevant to the past month is one attributed to former British Prime Minister Harold MacMillan. When asked what could most easily derail a government, he replied, “Events, dear boy, events.” We certainly had events in abundance this past month.
Not much has changed along the original stage road that runs easterly from an old schoolhouse northeast of Nogales into the Patagonia Mountains of southern Arizona. Marked on the maps as Duquesne Road, the route has been in use for over 130 years, climbing from the hot desert floor to an almost 6,000-foot elevation pass before dropping back down the eastern slope of the mountains to reach the old mining camps of Washington, Duquesne, and Lochiel.
Investors around the world are taking a good hard look at some of the emerging developments regarding dollar creation and are clearly having second thoughts about their dollar-denominated investments.
Unfortunately, not all the gold that we prospectors find is pretty, or appealing to the eyes. They are not all nice, bright, shiny nuggets with lots of character that carry high collector value.
There aren’t too many workable placer deposits of platinum in the world today. Most of the platinum found is in hardrock lodes, usually mixed in the gold, silver or copper outcrops.
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
The plea from State Police Chief Pete Kassetas follows what authorities believe is the latest death related to the effort to uncover Forrest Fenn’s treasure.
It turns out the old Anaconda Co. really did have 10,000 miles of tunnels beneath this mining city. That’s one of the findings by researchers who have produced a new map that charts the thousands of underground mine shafts here, providing a detailed look at some of Butte’s mining history.
The Bawl Mill • Economic Analysis on Critical Habitat for Bull Trout • Prospecting for Copper • US Mining Industry Outlook Brighter • Gold in the Chinle Formation • Gold Dredgers Rescue Threatened Fish • Gold Mine Plans Upheld in Lawsuit • DOI Computers Back Online • Picks & Pans: Nuggets by the Dozen in Alaska • Historical Mining Methods • The Elusive Mother Lode • Clarence King, Geologist • Mining Stock Quotes and Mineral & Metal Prices