Melman on Gold & Silver
May 2010 by Leonard MelmanThe figures speak for themselves. According to US Bureau of Labor Statistics, the total compensation package for state and local government workers in America is $39.66 per hour, compared to $27.42 in the private sector.
Because tungsten minerals are heavy, exploration can be done using stream sediment samples. Prospectors looking for gold have found scheelite or wolframite in their placer concentrates, and in some cases this has led them to make important tungsten finds.
The Canadian copper industry is benefiting from the current high metal prices, and exploration activity should remain high over the coming year as new mines are developed and continuous improvement programs increase efficiencies at existing operations.
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.
And we eventually reached gold. It was a winding crevice of beautiful white quartz lined with small nuggets and loaded with fine gold. There were flakes and small granular pieces—there had to be a hundred or more.
Joe Williams needs six trips with his faithful wheelbarrow to haul his "back-pack" dredge and camping supplies down into the South Yuba River canyon at the start of each dredging season. The nearest spot to leave his vehicle lies about four miles and, during the hot summers, a canteen of water away. Still, he's been doing it for about fifteen seasons since the 1970s.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts: How to handle gold in cyanide; how to sample a platinum deposit • Prospecting for Hardrock Gold - "Eureka!" (Part III) • Gold Prospecting in Maine - Part II • American Manganese • Detecting for Gold in Australia • Investors Take a Shine to Platinum, Palladium • Mining Stock Quotes & Mineral and Metal Prices