Salted Mining Properties—How to Properly Evaluate a Claim
March 2012 by Chris RalphSometimes there are good mining claims on the market available to purchase, but there are also folks out there who are willing to take your money under false pretenses. Don’t fool yourself into thinking that these wolves in sheep’s clothing are few and far between.
In some places valuable ores can be found within the waste material of mine dumps, sorted ore piles, and detrital vein matter at the surface. Though many of these old mine sites can be an excellent source of gold, not all are created equal.
The story began in a southern Arizona mountain range...
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.
Many suggestions had some pieces or parts that would work some of the time, but Dredger Dan’s suggestion was, in my humble opinion, the cleanest, cleverest, and most dependable.
This fine gold that is so common is probably the most notorious for eluding our riffles and mattings.
While recovery rates are important, they must necessarily be secondary to the volume of material processed. Running more material at lower recovery rates is generally preferable to increasing the efficiency of the system.
Here's the kicker—for every lost flake there was a five minute penalty added to the time. Lost gold generally meant you didn't make it past the preliminaries.
The Bawl Mill • Ask the Experts: Set up a small portable operation or send the ore to a custom mill? • Ask the Experts: Who manufactures the diagonal vibrating table? • Ask the Experts: Do "corners" need to be in place on the ground for a claim to be valid? • Ask the Experts: Tantalite in an African nation -- is it worth pursuing? • Legislative and Regulatory Update • Following Clues to a Hidden Gold Deposit • How to Melt Your Own Gold • Judge Tosses Lawsuit Against Tucson-Area Mine • Fine Gold Panning Without Using Mercury • Australia Produces World's Largest Gold Coin • Fells Flat Gold • Colorado Considers Gold & Silver Currency • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices