Placer PGMs in Coon Creek, California
November 2004 by Edgar B. Heylmun, PhDLower Coon Mountain is located in the Klamath Mountains, some 10 to 15 miles east of Crescent City (pop. 4,400), which rises to an elevation of 2,841 feet. It is heavily forested except for a few areas that are underlain by serpentine. The mountain, which trends northeast, is bounded on the north by Craigs Creek, and on the south by Coon Creek.
The World Gold Council reports that gold jewelry demand in the first nine months of 2000 is running a little above the record level of last year. Jewelry demand for the nine months was 2,114 tonnes, 1% above the level of a year ago, according to their quarterly survey “Gold Demand Trends.”
Don’t hunker down and just keep digging in one spot where there is very little or no gold—if you don’t find it, you’ve got to get up and move on!
A treasure detective, like any detective, is looking for a clue from which he can develop information to solve a mystery. Who? Why? When? The detective sniffs out a trail that will lead eventually to some undiscovered cache of coins...
A few years ago I had a tremendous opportunity to visit Australia and hunt for gold there. The geology of the gold deposits there was somewhat different from what I was used to here in the US. I learned a lot about greenstone belt gold deposits while prospecting them in person, and it was an amazing trip.
Prospectors who specialize in electronic detecting for nuggets in desert areas are especially interested in this type of deposit, as it yields nuggets that are close to the surface of the ground...
First, in order to compensate for the diminishment of purchasing power that usually accompanies rising inflation, investors normally have demanded higher interest rates on their investment assets. This was particularly true in the 1977-81 era when inflation soared to almost 20% and interest rates rose to roughly the same level.
Upon first entering this district in the early 70s, the trip into the Petersville area by vehicle was risky at best, especially during rainy periods in summer. The road has been improved somewhat since then, but not much.
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