Placer Gold in Washington
February 2001 by Edgar B. Heylmun, PhDThe state of Washington is not especially known for placer gold, yet significant amounts have been recovered in a few districts. These deposits are usually downstream from lode mining areas, some of which are in British Columbia.
Although the potential for fortunes to be made from the commercial mining of this rich glacial gravel conceivably exists, so far no large mining company has shown any serious interest in it.
The zone of influence of each sample must be carefully considered when deciding how far sample sites should be spaced from each other.
Legislation before Congress would enable the federal government to become a net silver buyer for the first time in four decades.
One of my favorite sayings has always been, “Do as I say, not as I do.” Perhaps that old adage could be applied to Alan Greenspan and the actions of the Federal Reserve of late. They are telling us that the economy is not in bad shape; that we are not in or headed to recession and that new strength is just around the bend. They are acting as if there is a looming catastrophe.
The anticipation of finding out if the system of snatch blocks, shackles, chokers, anchor points, and the strap binding the massive slab of rock in the bottom of the river would even budge an inch was weighing on me.
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