Mining Stock Quotes and Mineral & Metal Prices
October 2000 by Staff
This mine was a real wonder of engineering, and the water supply and drifts had to be carefully managed to keep it in operation. In fact, it didn’t close due to lack of gold, but instead closed with the fall of the Roman Empire.
There was certainly no shortage of attention-grabbing headlines during the past month. First we had the successful initiation of a recall election in California, followed by enormous increases in the price of gasoline in the USA and Canada, then both nations suffered through the worst power blackout in decades, and finally we are witnessing what appears to be the unraveling of the “road map” to peace in the Middle East.
Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?
Behind every diamond engagement ring, every diamond earring, every glittering, multicarat expression of true love once loomed the shadow of De Beers, the cartel that controlled—and, some argue, created—the international diamond industry.
Even though these were some of the earliest placer deposits to be worked, there is still plenty of gold left today—it just takes more work to recover. Knowing about the old locations where gold has been found is the first step to success.
There were iron stains all over and even a few places where I could see iron trash sticking out of the bedrock. These would be ideal spots to start with as the gold travels with the iron and lead.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
The Bawl Mill • A Word from the Editor • Under the Guise of Environmental Protection—EPA Revealed • The Centennial Lode and the Centennial Ridge District, Wyoming • Company Notes • Picks & Pans—In Search of Nome Creek Gold • Massive Sulfide Deposits in Oregon • Recreational Dredging on the South Yuba River • The Trapiches of Chile • Tales of Liberty Gold • Drywashing Alluvial Placers • Melman on Gold & Silver