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Melman on Gold & Silver
September 2002 by Leonard Melman
Anyone looking for stability sure didn’t appreciate the financial markets of this past month as they fell, rose, fell and rose with dizzying swiftness, changing directions on the turn of a dime. This was as true of the gold share markets as it was of the financial markets in general.Carrizozo Lava Older Than Once Thought
The Valley of Fires lava flow outside Carrizozo is older than previously thought. In geologic terms, the central New Mexico volcanic feature is still a youngster at 5,000 years old. But that's considerably older than the 1,000-year-old tag scientists once placed on it...
Company Notes
• Great Quest Metals Ltd
• Fronteer Development Group
• Vista Gold Corp.
• NovaGold Resources
Following the Clues
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
Glen's Big Find
One of the largest gold nuggets ever found with a VLF metal detector: I got a huge signal, and I was thinking it was just another piece of junk—perhaps an old can or piece of a shovel.
NovaGold Resources Receives Lifeline
NovaGold Resources announced that it has struck a $60 million private placement deal with Electrum Strategic Resources and will use the cash to repay debt and fund exploration and development.
Working on the Bear River
Further downstream our motorized equipment was in play. One power sluice was going a lot, with a crew of four getting familiar with the equipment and working hard to create a holding pond to prohibit the muddy water and the...
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