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San Francisco Mint and US Gold Reserves
June 2007 by Don Robinson
In 1717, Sir Isaac Newton, Master of the British Mint, established a fixed price for gold that was equivalent to around US$20.00 per ounce. This price was for bullion gold, refined to a purity of twenty-two karats (.917 fine).
Roosevelt: From Boom Town to Mountain Lake
Roosevelt was a product of the Thunder Mountain boom, Idaho's last major gold rush.
Ask the Experts
Q: I would like to know the following on the metal nickel:
• Where is it mined?
• Why is the unit price so large—is this for a metric ton?
Wall-Rock Alteration
Wall-rock (country rock) alteration is found in all hard-rock mining districts and has been caused by hydrothermal solutions in the past history of the region. The zones of alteration have a bearing on where one might drill for ore bodies. The weekend prospector does not have the tools nor knowledge to block out ore deposits, but he can narrow down his search dramatically by understanding the zones of wall-rock alteration that he sees.
Sunshine Mine is Up and Running Again
Sterling Mining Company has resumed initial production at the Sunshine Mine in Idaho. The company anticipates a steady increase in production over the next three years until an average daily processing rate of 1,000 tons per day is achieved.
Legislative Update
Robert Sanregret—Attorney at Law
Western Mining Council
National Association of Mining Districts
The Goodnews Bay Platinum Fields
“But first and foremost you have to have the geology. With respect to the geology, the Goodnews Bay placers, which actually were won from the Salmon River drainage and its tributaries, produced on the order of 650,000 ounces,” Foley says.
Gold Prospecting for Better or Worse: A Long Hike
Making matters worse, we could feel the truck moving very slowly down the mountain along with the trees and mud. It was an uncomfortable sinking feeling, as you might guess.
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