Mines and Money
July 2004 by Leonard MelmanThe “Mines and Money” gathering, held in Vancouver, BC, on May 20-21, was geared toward the upper levels of world mining executives. As such, the presentations were of a different nature than any of the gatherings covered in our publication earlier this year.
An example of some of this extraordinary ore was a lot of about four tons from the Florence mine during the last days of a lease that averaged over 300 ounces of gold per ton.
Colorado is one of the more productive states when it comes to gold, ranking third, behind Nevada and California. The majority of the gold deposits are confined to a northeast-trending belt known as the Colorado Mineral Belt...
There are some miners who are under the impression that an organized Mining District will immediately get the regulatory agencies off their backs so they can start digging or dredging again.
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
The amount of gold in the traces from the low-grade scattered veinlets may be much more than the traces from the small but rich pocket, at least until the pocket hunter closes in on the rich pocket. Further confusion arises if the prospector stumbles across a placer deposit on one of the higher peaks.
I had some success following this premise this summer, finding a few nuggets in places I think I overlooked in the past.
Saturday, August 30, and Sunday, August 31, were big days for gold panners in California. This was the O.K. Corral shootout for gold panning, and left standing after two days of intense competition were the champions. One hundred ninety-five panners went for the titles in six divisions.
The Bawl Mill • Mining Claim Fees Are Going Up • Our Readers Say • Buell Park Pipe, Arizona • Understanding Hard Rock Mining: Terms and Methods—Part II • Two Nevada Mines Look to Supply Own Power • Paleontonlogical Resources Preservation Act • Picks & Pans: Mexican "Edventure" • Over the Divide • Flat-Fault Gold in Sonora, Mexico • Looking Back • The Fern Mine • Map Offers Look at Butte's Mining History • Gold in China • 2004 National Mining Hall of Fame Inductees • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices