Montana's Virginia City Has Golden Legacy
December 2001 by Frank Lorey IIIThe discovery of gold at Alder Creek, centrally located in Madison County, Montana, was unusually well documented, with the date and time placed at May 26th, 1863, at about 4 o’clock in the afternoon. A group of six miners had been searching the area with little luck until the leader, Bill Fairweather, spotted an exposed area of promising bedrock. He dug up a shovel full of dirt and put it in Henry Edgar’s pan for washing. About the same time that Edgar was busy washing out the pan, Fairweather was poking around the bedrock with his pocketknife. Both spotted the color of gold at once.
• Closure on the foreclosure
• NSF checks and balances
• Third time’s a charm?
People who want to believe that the sky is falling or the end of the (economic) world is at hand sure had ammunition thrown at them by the bucketfuls in the past month.
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.
Last month we took a look at the origins of coarse gold nuggets and the results of some new science about how they form. This new information pointed out that many nuggets once thought to be of secondary origin are formed under hot conditions...
Like almost 200 other Silver Valley miners, Butch Dempsey used to work at the Sunshine Mine in Kellogg. But, along with dozens of the others, he now works for the Columbus, Montana-based Stillwater Mining Co., about 400 miles to the east...
The main problem with the current scheme is that regulatory agencies often consult with you, then disregard your concerns and do what they want anyway.
The Bawl Mill • Our Readers Say • 43 CFR 3809 Update • Breccia Pipes • Newmont Tries to Become World's Largest • The Final Gold Strike of the Alaska Gold Rush—Livengood Stampede, 1914 • GATA Update • Aussie Gold—A Look at Queensland • Picks & Pans: Lost Below • Placer Gemstones • Gold in Iceland? • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver