Melman on Gold & Silver
October 2003 by Leonard MelmanThere was certainly no shortage of attention-grabbing headlines during the past month. First we had the successful initiation of a recall election in California, followed by enormous increases in the price of gasoline in the USA and Canada, then both nations suffered through the worst power blackout in decades, and finally we are witnessing what appears to be the unraveling of the “road map” to peace in the Middle East.
The mining district is more than 110 years old, but the two recreational mining areas are new. The State of Alaska designated the Petersville Recreational Mining Area within the past year and the Alaska Gold Mining Camp is not much older, so you can expect to find some unmined ground!
My wife and I spent three years laying the groundwork to build a processing mill for gold, silver, lead and some zinc in the Sierra Madre Mountains of Northern Mexico, in the state of Sonora. In this installment, I describe how we purchased the land to build the new mill.
Even with my favorite top-of-the-line gold detector there were several false digs. Many of the hot rocks gave a solid signal that was too much like a nugget to ignore. After trying several tests I just dug everything because it is better to be safe than leave a big, deep nugget for a more diligent gold hunter.
As a plaintiff in one of the lawsuits, I’m not allowed to talk about specifics in the court-ordered negotiations currently underway in San Bernardino. However, I do want to let you know we are making progress…
• Goldcorp Inc.
• Kinross Gold Corp.
• Newmont Mining Corp.
Two of the major factors affecting the profitability of a placer mining enterprise are the relative efficiency of the mining equipment, and the rate and percentage of recovery obtained while conducting mining operations.
Excerpts for CMJ published 50 years ago this month.
The Bawl Mill • A Guide to Overlooked Gold Deposits—Part II • Brighter Days Ahead Reports Nevada Mining Association • Waldo Miners File Suit • Roll-Front Uranium Deposits • Deadly Storms May Expose Gems in Sri Lanka • Picks & Pans: Dredging and Detecting in Sierra City • Hidden Features in Venezuela • Dredging for Monazite in Idaho • Gold in the Philippines • 2003 California State Gold Panning Championships • Judge Holds Companies Liable for Some Damage • The Golden Highway—Tuolumne County • Looking Back • Mining Stock Quotes and Mineral & Metal Prices