Melman on Gold & Silver
August 2002 by Leonard MelmanYet another term has entered the lexicon of investment analysis and that term is “Fallen Angels.” No, we are not referring to religious icons or celestial bodies. Rather, the investment community has dubbed the debt instruments of once-prosperous companies that have now fallen on hard times with that moniker.
The old timers typically washed these areas down to bedrock, and some areas appear terraced. I would imagine this is because these hydraulic mines were generally where the miners found old Tertiary river channels on the sides of mountains that were gold-bearing.
So, I took the plunge. I decided on the maximum I would pay for the claim, then placed my bid. A day later I received a congratulations e-mail that I was the high bidder, and oh, by the way, send us your money.
We split up in order to cover a larger area and found good color almost everywhere. The bedrock was shallow on both sides of the river, but the inside bend was where we concentrated our prospecting.
• Forest Service Roadless Initiave comment period is about to close
• Endangered Species Decision Delayed
• 43 CFR Part 3800—Mining Claims Under the General Mining Laws
...at least 10 junior mining companies have been busy pounding stakes in the ground of northern Quebec in hopes of claiming rich nickel deposits.
The town of Rampart, on the Yukon River, was established as a supply point after gold had been found on nearby Minook Creek in 1896. Rampart has been known by various names including Rampart City, Manook City, or Minook.
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