Reality of the Klondike
January 2012 by Gerald T. AhnertI saw gold this summer. The kind of gold that I haven’t seen since ‘81. The kind of gold that rattles in the pan. The kind of gold that would start a stampede—even in 1898.
Let’s take a look at these important property aspects individually, because they all affect the value of a property and how much mining companies might or might not be interested acquiring it.
We continue to seek out a patented mining property with an owner who is willing to host such an event with a water supply and enough remaining gold to make it worthwhile for the students.
Buying a placer claim or investing in a placer mining property comes with plenty of financial risks. You need as much information as possible about the mineral deposit in order to minimize those risks.
The metal is expensive, not because it is rare but because of the expense to produce and work it. The minerals mined for titanium are all oxides, unlike many base metals that are mostly mined as sulfide minerals.
The Gold Eye placer claims, located in the La Cholla district of Arizona, are still producing some beautiful gold. From the days of the Spanish explorers and Mexican miners, men have tunneled into the earth in search of gold in this area.
After your excitement peaks when you first receive the high gold assay from the vein you just exposed, you ponder how you will extract and sell your gold. You will need to develop a flow sheet for your process to optimize your recovery and minimize your costs and permit requirements.
In last month’s issue we covered the initial discovery of gold, the subsequent gold rush that occurred around Nome, some of the geology of the area and past production. We’ll conclude the article in this issue with a further examination of the geology and deposit types, discuss the resources...
The Bawl Mill • Southwest Alaska Gold Project Progresses • Good Assays and Bad • Where to Find Gold in Indiana—Part II • Who is a Qualified Person? • Time Well Spent • NWMA Show • River Dredging vs. Creek Dredging—Part II • Pot Hole Gold • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices