December 2001 by Edgar B. Heylmun, PhDOnly the so-called “precious gems” will be considered in this article. They are diamond, ruby, sapphire, and emerald. A “gem” must be rare, hard, and durable, and possess a unique color or quality in order to be classified as a gem.
In the late 1850s, a prospector named Andrew Kennedy discovered gold in an outcropping of quartz not far from the present-day town of Jackson in California’s Amador County. His productive claim soon developed into the...
While gold’s chart has recently confirmed its short-term negative trend, the intermediate trend remains neutral while gold’s long-term chart is beginning to show some positive indications.
A state House committee supported legislation sponsored by Rep. Dick Harwood that would allow state mining leases for tailings and dumps, which Idaho law currently prohibits.
Higher gold prices helped boost Nevada’s mining industry in 2003 despite a decline in production for the third straight year.
Bribery allegations against four Rio Tinto employees detained in China are “wholly without foundation,” the mining company said, as Australia continued to press Beijing for details of a case that is straining ties between the two nations.
Members of the Rocky Mountain Prospectors and Treasure Hunters Club from Fort Collins, Colorado, were recently entertained by W. Dan Hausel, Senior Economic Geologist with the Wyoming State Geological Survey.
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