Mining Stock Quotes and Mineral & Metal Prices
September 2005 by Staff
Q: I have a gold claim that the BLM just closed. Should I get compensation for the value of the claim?
During the Indian Wars in 1874, General George Custer and his men camped on French Creek in the southern Black Hills, near the present site of Custer, South Dakota. Two of his men found placer gold in French Creek. Word got out, and before long, a party of prospectors arrived. However, the government had signed a treaty with the Sioux Indians to stay out of the Black Hills. This led to prospectors sneaking in and working creeks all over the region at their own risk.
Liberty, Washington is located in the mountains near Yakima and Ellensburg. There is nothing much in Liberty except for about 20 houses on patented mining claims and a lot of dry holes.
It was the first month of a new year, 1861. Three men, by the name of Young, Blake and La Rossney, who had been somewhat unsuccessful in river mining, went looking for gold elsewhere.
Here’s what actually happened, described in the case file documents: Based on a precious metal assay certificate signed by a registered southwest assayer, the sellers, in consideration of the payment of over $53 million, transfer over 185,000 troy ounces stored in a warehouse to a company based in Norway. This document was signed and notarized in a southwest town, and was publicly distributed in 2001. Guess what?! The warehouse floor concrete may have a higher gold assay than the concentrates sitting above it valued at fifty-three million.
The beautiful province of Quebec, known in French as “La Belle Province,” is not only famous for its scenic attractions and world-renowned cities such as Montreal and Quebec City, but also as being one of the most attractive places for mining...
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