Melman on Gold & Silver
February 2009 by Leonard MelmanIt was difficult to find any cohesive set of figures that indicated a pattern of genuine economic strength. However, one area that did, in fact, escape the aura of negativity was our world of mining shares as buyers began to pour into virtually every major mining share as well as some of the juniors, with several on our lists showing gains of over 200% during the past month.
Robert Gannicott speaks in almost spiritual tones about the position his small Canadian diamond company holds and the forces—both natural and economic—that put it there.
The other opportunity that I see is in seeking unusual types of deposits. Specifically, the prospector would be searching for the stuff no one (or almost no one) is searching for. These deposits are effectively hiding in plain view.
Congress passed Section 404 of the Clean Water Act (CWA), which was originally called the Federal Water Pollution Control Act, 33 USC 1344, in 1972. Section 404 authorized the US Army Corps of Engineers (the Corps) to issue permits “for the discharge of dredged or fill material into the navigable waters at specified disposal sites.”
For many years, mechanical mining in waterways was seen as an impossibility by miners, especially in the Western US. The few dredges that had been tried at various locations were generally built on designs similar to those that had been used in harbor excavation work, but it was found that they were...
• Great at escaping, not so good at evading...
• Free firearms training classes...for teachers
Reservers and resources are very important to prospectors and miners, but they may be vague terms to some.
The Bawl Mill • Our Readers Say • Oldest Journal Contest - The Winners • The St. Louis Gold District • Mining Boom May Be In Store For Upper Michigan • Mining Gold Near Elk Creek, Oregon • East Coast Dredger Heads West - Part II • Lost Canyon • High Court to Rule on Kensington Tailings • Prospecting in Tennessee • A Warning About Mercury • NovaGold Resources Receives Lifeline • Jerritt Canyon Mill May Reopen • Looking Back • Mining Stock Quotes, Mineral & Metal Prices