Pullin' the Pin
November 1999 by Dr. Ralph E. PrayI first saw Pioche, Nevada while hitch-hiking into town in an old Ford with three good tires and one wheel hammered to an ugly steel disc on fifty miles of blacktop.
Earlier this year when gold topped $1,000 an ounce, Gibbons, a former mining geologist and lawyer, vowed to veto any bill that called for increasing mining taxes in 2009.
All these decisions and more depend on the richness of a claim—something that is determined by sampling. But sampling isn’t cheap, and even collecting the samples can be more difficult than it appears on the surface.
Work has begun on several buildings at the site of a proposed copper and silver mine that if approved would tunnel beneath Montana’s Cabinet Mountains Wilderness.
How can a miner or prospector take advantage of these speedy financing options while avoiding the risks associated with borrowing from so-called “shadow banks?”
• Pan American Silver Corp.
• Mountain Province Mining Inc.
• Canyon Resources Corp.
Tuesday morning started off much like Monday except Jack wasn’t packing a bunch of drill bits. We wandered off toward the bottom of the raise, adjusted our bed boards, had a cup of coffee from our buckets, and smoked a cigarette. Then Jack stretched, stood up, and remarked, “Guess I might as well go up and see what it looks like. You wait here for now. When I call down, send up a section of ladder and eight laggings.”
It was in the mid-70s. I had just finished setting my traps out along the river when it dawned on me where “Forty Mile” Miller’s old hardrock outcrop was. Here I was, standing on snowshoes, floundering in three feet of snow, bracing myself so I wouldn’t...
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