Miners Resume Search for Platinum Near Platinum
October 2001 by Associated PressGoodnews Bay Platinum Mine, owned by Hanson Industries in Spokane, Washington, has resurrected a 60-year-old bucketline dredge to claw the steel-gray metal from the river drainages around Red Mountain on Cape Nushagak.
…At present we may be entering a period of relative stability on many economic fronts and, therefore, our focus is now trending more toward social upheaval and the resultant increase in tensions as the prime movers for the precious metals.
Putting it all together, we have indications that the petroleum price increases could continue and we believe that if that is the case, the impact on precious metals would be positive.
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Contacts, faults and zones of weak rock are all places that can act as a pipeline to convey gold-bearing fluids, leading to valuable deposits.
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Most of the world's ore deposits have been found by prospectors, not by geologists nor mining engineers. This article has been prepared with this fact in mind.
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