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New Guinea Denies Existence of Gold Stash

Wild rumors sweeping this near bankrupt Pacific nation of a multibillion dollar stash of World War II gold bullion are wrong, the government said.

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Prospecting With a Magnetometer


Swedes were the first to note variations in the Earth's magnetic field, circa 1640, and they were the first to use the dip needle. They made the first magnetometer in 1870.

Lawsuit Update From the New 49'ers


Many of you are aware that we have been engaged in litigation with anti-mining activists that have been attacking us through the Karuk Tribe of California since 2003. It all started with their lawsuit against the US Forest Service (USFS), challenging that District Rangers do not have the authority to allow small-scale mining activities under a Notice of Intent (NOI) when the Ranger concludes that the mining activity is not likely to create a substantial surface disturbance.

Mining Stock Quotes and Mineral & Metal Prices


The Bawl Mill


• The Forest Service worker who cried “wolf”
• Out of commission

Legislative and Regulatory Update


• Rahall bill threatens uranium mining
• California Fish & Game claims it needs more time
• Huge new tax burden on coin and bullion transactions
• Refund bill fails in Assembly Committee

The Alaska Highway and Beyond


My first clean-up showed that my efforts were not in vain. There was considerable color with some good-sized nuggets in the riffle trap.

Legislative and Regulatory Update


• Babbitt Wants Another 4 Million Acres
• County Ruled Unfair in Mineral Valuations
• Public Comment Period for Clean Water Action Plan

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