Nevada Gold Value Up Along With Production
July 2011 by Associated PressNevada gold mines produced only about 6 percent more gold in 2010 than they did the year before, but the value of that gold was up a whopping 33 percent.
Most gold-bearing veins in this region are controlled by fractures associated with the Melones Fault, a late Cretaceous structure that is 108 to 127 million years old.
I had a chance to visit the operation in person and talk with Neal. I was very impressed and I think our readers could learn a lot about building up a commercial placer operation from scratch…
...the federal agency is intrigued by a plan that might result in cleaning up the area without cost to taxpayers.
The company that wants to build and operate the mine, Rare Element Resources Ltd., promises high-wage jobs and economic vitality to an area where 40 percent of the population is age 50 or older.
At the peak of construction later this year, the mine will generate more than 6,000 direct and indirect jobs across the state with annual wages totaling more than $200 million...
Today, a Canadian company is reviving the mine to take advantage of silver prices that have tripled since 2009, giving the few dozen residents still living in the area more action than they’ve seen in decades.
It is not necessary to have a PhD in geology, but you need to know the basics, so that’s what I am going to try to dig into here—the understandable basics of these gigantic gold deposits.
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