Perception of Mining vs. Reality
May 2015 by Chris Ralph
Most prospectors learn early that pyrite is fool's gold...but the truth is it can be an excellent indicator mineral for gold and in many cases does contain small amounts of gold.
For more than 40 years, iron ore prices have been decided by private negotiations conducted between the largest of the iron miners and the largest steel producers. These two sides dominate both the spot and contract iron ore markets.
There are many prospects within the known mineralized area and along the margins of the mineralized area that should be examined for gold and silver.
We have to remember that the earliest miners were not geologists, but came from a variety of backgrounds. Their survival depended on finding enough gold so they worked hard and adapted to whatever challenges these new areas presented.
A few years ago I had a tremendous opportunity to visit Australia and hunt for gold there. The geology of the gold deposits there was somewhat different from what I was used to here in the US. I learned a lot about greenstone belt gold deposits while prospecting them in person, and it was an amazing trip.
Chances are better that both types of gold did not come from the same source. Let's look at the probable conditions to cause two types of gold in a placer.
In 1967, a local resident showed me a pouch of small gold nuggets and flakes. Several years later I asked the same person where that gold was found. He responded, “From the streambed below the old stamp mill at Apex.”
The Bawl Mill • Ask The Experts • Ask The Experts • California's Mother Lode Quartz Veins • Key to Successful Prospecting: Confidence • What To Look For—And Look Out For—In A Placer Mineral Report • Additional Note on Bluff's Beach • Surface Indications Of Quartz Adularia Epithermal Deposits • Montana’s Rosetta Stone: Discovering Mines In The Treasure State • Partnering for Tax Savings • Over The Divide: Charles Lewis Garrett • Piggin' for Gold • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver