Melman on Gold & Silver
June 2001 by Leonard MelmanWe’re all familiar with the saying, “What goes up must come down,” but last month the markets took the opposite tack and the mantra became, “What went down must come up” as strong rallies moved the Dow, NASDAQ and even our world of gold higher.
Gold can show up in unexpected places at times, so I don’t like to tell people where not to look. An exception is where the gold is likely to be very deep.
Q: I’ve thought about renting an XRF gun with gold specific software to use for exploration this spring.
• Federal budget priorities
• Wilderness bills proposed
• Inyo County fights back
• Comments needed by concerned miners in New Mexico
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
Exploration for and prospecting in search of similar deposits should focus on rhyolite bodies located in fluorite-bearing areas.
Rocky Bar sits on the north slope of Horse Ranch Mountain, and while the most productive placers were found in Bear Creek below Rocky Bar, most of the creeks on the south, east and north sides of the mountain contain placer gold and were worked commercially in the past.
Many of the Sixteen to One’s challenges arise from its unusual geology and the pocket characteristics of the ore deposits.
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