Picks & Pans: Confessions of a Professional Nuggetshooter
October 2002 by LunkHowdy, fellow nuggetshooters! My name is Lunk, formerly known as Crummy, a professional nuggetshooter with a few tips for you weekenders who are thinking about going pro.
Gold chains, silver coins and bars of solid gold glittered in the tropical sun as the family of famed treasure hunter Mel Fisher showed off another significant find from a sunken Spanish galleon.
While most prospectors, mine operators and business owners are aware that “like-kind” exchanges can be an excellent way to postpone the gain resulting when any of the operation’s assets are disposed of, few give any thought to the value...
Contacts, faults and zones of weak rock are all places that can act as a pipeline to convey gold-bearing fluids, leading to valuable deposits.
Q: Is this gold or some other metal?
News during the past month seemed to focus directly on economic and political events close to home in the good old USA. As talk of recession—or worse—mounted, and as one stock market segment after another weakened sharply, the economic and political leaders of the nation sprang into decisive action.
Here’s what actually happened, described in the case file documents: Based on a precious metal assay certificate signed by a registered southwest assayer, the sellers, in consideration of the payment of over $53 million, transfer over 185,000 troy ounces stored in a warehouse to a company based in Norway. This document was signed and notarized in a southwest town, and was publicly distributed in 2001. Guess what?! The warehouse floor concrete may have a higher gold assay than the concentrates sitting above it valued at fifty-three million.
The Bawl Mill • Our Readers Say • Placer Gold in Idaho • Working the Belmont Mine Butte, Montana—1953 • Simple Sluice Design • Cobalt and Nickel in Missouri • Sunshine Mine Video Brings Back Painful Memories • Hardrock Detecting • Gold Garbage: Scams New & Old • Company Notes • Gondwana Gold and Diamonds • Looking Back • Ghost Towns of Washington County, Utah • The Fire Within • 2002 California State Gold Panning Championships—Foresthill, California • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver