Mining Gold at 16,000 Feet
September 2007 by Leonard MelmanThe view from the pass at 16,500 feet elevation was astonishing. In one direction, one range of the Andes Mountains rose to over 18,000 feet, while in the other direction the peaks soared to almost 20,000 feet.
A recent hearing on federal plans to unlock oil shale reserves in the Intermountain West was packed by small-time speculators, some of whom questioned whether today’s technology would let them squeeze oil out of rock profitably.
Philippine President Gloria Macapagal Arroyo and other officials urged international businesses to invest in the country’s mining industry after the Supreme Court cleared the way for foreigners to fully control mining operations in the country.
Putting this information together, we conclude that the coming year of 2007 could hold explosive growth for the precious metals as the probability of an international “accident” rises, as the dollar comes under increasing pressure and as the fundamental demand for resources of all types from India and China plus other developing nations grows relentlessly.
In 1997, I had been working a hard rock claim in Lone Valley, Nevada with two partners. It was a small seam about one to two inches wide that had free gold up to 9 ounces per ton.
In response to "Fake Assays and Assayers", ICMJ September 2000...
Robert Gannicott speaks in almost spiritual tones about the position his small Canadian diamond company holds and the forces—both natural and economic—that put it there.
My mother stands in the desert, a hot wind kicking up puffs in the sand around her feet. She’s staring hard at the rusted buckets, weathered boards and mine shafts scattered throughout the sagebrush, concentrating, and I can tell she’s not really here. Not here now, at least. She is here 65 years ago. And this is not a long-abandoned ghost town at the end of a dirt road in one of Nevada’s endless stretches of nowhere.
The Bawl Mill • Ask the Experts • Locating a New Nugget Patch • Journeys in the Kingman Quadrangle—Part II • The American Hill Mine • In Pursuit of Gold & Silver in the Sierra Madres—The Plan • Cal-Gold Closes Shop After 30 Years • The Hardrock Mining and Reclamation Act of 2007 • Prison Time Handed Out for Gold and Silver Thefts • Northern Dynasty Chooses Partner for Pebble • Melman on Gold & Silver • Looking Back • Mining Stock Quotes, Mineral & Metal Prices