Picks & Pans: The Glory Hole
April 2005 by Rose KlemenokI started the New Year of 1998 with great anticipation of finding that elusive vein of gold. Twice a year I planned my vacation carefully, not to miss the Fourth of July and Labor Day weekend. I wanted to be smack in the heart of the Downieville gold field.
Several areas came to mind, but each was eliminated for one reason or another. One that seemed to be hanging on was the old historic mining town called Placerville.
The day is old in the Rangely Oil Field in northwestern Colorado. I’ve paused in my southbound trip to take a gander at this historic field, one of the largest in the state. Intricate pipelines funnel water and carbon dioxide to the source rock far below.
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We just completed a trip to another river, and yes, there was definite movement and redistribution of gravels, and other prospectors have seen this as well.
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While most precious metals observers tend to pay more attention to action in the gold market as opposed to silver, there are times when the white metal can give us particularly sharp price targets going forward.
• And the award goes to...
• How about a cold one?
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