Piggin' for Gold
May 2015 by Tom LeftwichTake a look at the picture—it’s pretty simple and you can build it yourself.
Let’s take a look at these important property aspects individually, because they all affect the value of a property and how much mining companies might or might not be interested acquiring it.
Many years ago I was in the American Canyon. I remembered a few details about a placer deposit there, so we decided to make a trip down and re-check some of these old workings.
Gold and jade are actually only minor mineral resources for the Northwestern Alaska region as a whole. Modern prospecting has focused more on base metal than precious metal resources.
Using a snuffer bottle to pick it out of the pan, he continued his panning efforts. He continued to find more yellowish stuff, but it wasn’t shiny like he thought gold should look.
Our research indicated this whole area had been claimed by Newmont mining company for several years, but when the price of gold dropped they let the claims expire, and we confirmed this with the local BLM office.
The only thing that saved me was talking to a local miner who gave me a “heads up” that private individuals owned all the mineral rights in that section.
Within a few minutes I got my first signal and dug out a small flake about three grains.
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 • Perception of Mining vs. Reality • Partnering for Tax Savings • Over The Divide: Charles Lewis Garrett • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver