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.
The approval, which affects 87 acres on the south end of Silver City, allows the company to move forward with exploration to determine the area's mining potential.
One of the oldest sayings in the mining exploration world is that if you are going to search for a new mine, one of the best places to look is near an existing, proven property.
When I read about these new discoveries, I often wonder how the original operators ignored all the additional ore. Yet this has happened again and again in Nevada and many other places.
Guyanese gold deposits occur in deformed and metamorphosed greenstones made up of alternating mafic to felsic volcanic and sedimentary rocks intruded by granitoid basoliths and stocks.
One of his friends had 700 feet of small-gauge mine track and a hundred-year-old track bender laying out in his back 40; plus he also wanted to join the team. Perfect.
There are a number of veins in the disseminated mineralization, but the principle ones on Round Mountain are known as the Los Gazabo and the Keane.
Exploration for and prospecting in search of similar deposits should focus on rhyolite bodies located in fluorite-bearing areas.
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