Melman on Gold & Silver
July 2000 by Leonard MelmanAs many long time readers know, one of my favorite sayings is the Asian expression, "May you live in interesting times." We sure do and if you didn't believe it before, just consider the latest word from the international markets.
The advent of the nuclear age, after World War II, aroused concerns in government circles when officials realized the United States was entirely dependent upon foreign sources of supply for rare earth elements. This prompted the Atomic Energy Commission (AEC) to enlist the US Bureau of Mines Special Minerals Investigation Branch to evaluate monazite-bearing placers in the United States in 1948.
One of Arizona’s richest silver producers was the fabulously rich Silver King Mine of Pinal County. This incredible deposit was first discovered in 1875 during the construction of the famous Stoneman Grade, which connects present day Superior to Globe, Arizona. From 1877 to 1888 the famous Silver King Mine was in operation and during that brief span of time it produced an astounding $16,000,000 in silver.
One caller wondered why he should be required to join MMAC, asked why MMAC was not a non-profit, and compared it to some kind of extortion attempt. If he had questions like these, I assume there are others with similar questions and I will address them here.
In 1893, Jerry McAuliffe led a team of prospectors east of Kalgoorlie in Western Australia and found the famed Kanowna goldfield. On their first day on the field, they picked up a total of more than 300 ounces of gold nuggets from the ground. As the rush began to increase in momentum, other prospectors found patches of nuggets simply lying on the ground near rich outcroppings of reef. In very quick time, hard rock miners were tearing into the rich reef lines...
Few states in the United States have seen mining activity equal the State of Nevada in recent decades. The state is mineral-rich and possesses a regulatory apparatus that encourages mining activity.
Is a miniature spectrometer in our future?
The Bawl Mill • Our Readers Say • Mine Market / Circulation Manager Returns to High School • A Word from the Editor • GOP Chairmen Ask Gore to Recuse Himself From Roadless Plan • Treasure Hunters Abound in Greece • Hope Boy Finds Gem During Field Trip • Deadly Explosion Ruled Accidental • Canyon Resources Offers to Sell Mineral Rights • Four Miners Die in Mine Accidents in Ukraine • GPS Speeds Filing of Claims in Alaska • 15th, 16th Century Coins Found in Romania • Miners Attend Meeting in Myrtle Point, Oregon • Picks & Pans: Detecting in Kauai, Hawaii • Mannequins Bring "Life" to Mining Museum • The History of Tombstone • Company Notes • Metal Detector Only Requirement for Hunting Treasure • Mystery of the Reed Gold Mine Nuggets • The Colorado Mineral Belt • Millennium of Russian Gold on Display in U.S. • Judge to Decide Regarding Release of Records • Mining Stock Quotes and Mineral & Metal Prices • Looking Back