"New" Gold Rush Has Arrived
June 2009 by Scott HarnGold mining is garnering national attention as the economy slows and more Americans look for a way to make ends meet.
What a difference a year makes. It makes one wonder if we still live on the same planet!
Exposed veins and outcroppings can be a great source for gathering good gold ore for processing. Veins and outcroppings do require a lot of work to free the ore from its earthen grip, but this labor can be very rewarding.
So let’s dive in and see what I can do to convince you that this is the year you should be out staking your own claims.
The gold and copper deposits at Oyu Tolgoi, or “Turquoise Hill,” are among the largest ever found and could give impoverished Mongolia its biggest boost since it abandoned communism 15 years ago—if the Mongolians can figure out how to profit from it.
As a dedicated dredger, this was to be a totally different experience. Finding gold without using water seemed almost impossible.
In this second part on cobalt, I will take a look at the various types of cobalt deposits and how you can prospect for them. Who knows—perhaps the next big cobalt strike will be yours.
For those who rarely nuggetshoot, or are thinking about doing a little occasional nugget hunting, to buy a specialized gold detector may not be financially practical. Fortunately, a coin shooter with do-all capabilities, while it may not be as sensitive to sub-grain flakes, is satisfactory for many nugget hunting situations, especially if a smaller accessory coil is used.
The Bawl Mill • How to Utilize Assays and Evaluate Results • Mining Expedition at Eagle Rock—Part II • Broomstick Gold • Electra Gold Sees Potential in Other Minerals & Metals • The Forgotten Specimen—Part I • Miner's Cabin—Red Shack Territory • NASCAR Driver Turns Prospector • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices