Prospecting Old Tertiary Channels
September 2010 by Chris RalphThe potential exists for small-scale placer mining in these pits using a trommel and sluice box or other similar types of equipment.
Because the gold here is not coarse enough to be recovered in a pan, the deposit was not recognized as holding any significant potential for precious metals until 1908...
This is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
Michigan Bluff is an old mining town dating back to the 1850s. It is located in Placer County, about 25 miles northeast of Auburn, just past the town of Foresthill. It sits on the very edge of a mountain, with the Middle Fork of the American River flowing about 1200 feet lower at the bottom of the canyon.
Gold's monetary role and its position as a reserve asset throughout the world were vigorously presented at a conference arranged by the Reinventing Bretton Woods Comittee held in New York recently.
• A third political party is born
Many well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
• The "2 Million Dollar Man"
• A record worth breaking
• By the numbers...
Legislative and Regulatory Update • Hardrock Mining Accidents Claim Four Lives • The Jenkins Mine Project Pt II: Terrain and Map Study • Search Called Off for Missing Treasure Hunters • Glacial Gold in the Midwest • Hardrock Prospecting in El Dorado County, California • Gold & Silver of the Comstock Lode • Melman on Gold & Silver • Forest Service Pays Miners $245K for Unlawful Destruction of Mine