Placer Gold in New Mexico
February 2002 by Edgar B. Heylmun, PhDNew Mexico is not especially known for placer gold, although significant quantities have been recovered from certain districts. There are good opportunities for finding additional gold in favorable areas in the state.
In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.
While a great many questions remain unanswered, there is little doubt that a new financing option for small-scale mining operations, “crowdfunding,” is growing as a viable and legitimate funding source.
• Settlement hearings
• Fighting back
Robert Sanregret—Attorney at Law
Western Mining Council
National Association of Mining Districts
The excavator or backhoe has become the tool of choice for testing placer ground. These machines are the best way to explore and sample a placer deposit if the ground is not too wet or frozen and bedrock is not beyond the reach of the machine.
The modern tangential impulse water wheel, a device best suited for hydroelectric power production where high water head is available, is an ingenious device born in the historic gold mining industry of California in the 19th Century.
The Bawl Mill • Federal and State Biologists Accused of Planting Evidence • Mining Deaths Drop to New Low in 2001 • Prospecting for Meteorites with a Metal Detector • Aussie Gold—A Look at Victoria • The Rand of South Africa • Picks & Pans: Arizona Desert Drywashing Adventure • 2001 World Gold Panning Championships • Throw-Away Gold: Back to Basics • Placer Gold Near Fairbanks, Alaska • The "Drumstick" • Company Notes • Editorial • Looking Back • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices