Picks & Pans: Confessions of a Small Miner—Part I
March 1999 by Wally MierasOn a beautiful day in 1971, my wife and I were scratching around some old miner's camp when I dug up a metal gold pan and thought I would try my hand at panning for gold. (mistake #1)
In the four corners region of America there is a place—a very special place—called the Paradox Basin. It appears empty, but is quite full if you look at it from the correct perspective.
A few months later, a young, greenhorn lawyer agreed to pay to have it assayed, and the quartz turned out to be rich in both gold and silver.
Most American markets greeted the first few trading days of the new year with substantial selling. Compared to their 2004 year-end levels, by January 11, the Dow Jones Industrial Average had declined almost 300 points, the NASDAQ Composite had fallen from 2,185 to near 2,080 while the S&P 500 had dropped from 1,217 to 1,183.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
The Bawl Mill • New York Meeting Examines Gold's Monetary Role • Death Valley Find is Apparent Hoax • Mining Ends in Leadville • Mine Woes Could Mean Higher Taxes • The Federal Land Survey System • Exchange Moves to Protect Investors from Mining Scams • The Beer That Saved Goldfield • Mining Benefits Everyone During Winter Months • AZ Miners and Minerals Department Threatened with Elimination • Alaska Minerals Poster Available from BLM • Digital Tools—The PC and GPS • Small Mines Bill Clears Committee • Successful Mineral Property Promotion • Gold in Moffat County, Colorado • Forest Service Chief Calls for Mining Moratorium in Montana • Governor Tells Industry He Will Consider Tax Cuts • Company Notes • Gold Mine Becomes "Golden Partner" of California Sesquicentennial • IBLA Limits Patent to Mineral Rights in Wild & Scenic River Corridors • Melman on Gold & Silver • Claim Staking Rush Northern Quebec, Canada • Looking Back