Sixteen to One Gold Mine: Unique Challenges and Potential Rewards - Pt I
January 2020 by David Hughes
Many of the Sixteen to One’s challenges arise from its unusual geology and the pocket characteristics of the ore deposits.
Within the first 3 hours he and I had found pocket after pocket of gold and couldn't wait to tell Levi of our treasure.
His brother’s friend showed him a vial of gold that originated from his family’s mine in Honduras. Within two weeks Ernie had flown to Honduras to get a first-hand tour of the historic mine and the primitive operation underway to recover the gold.
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.
…it was immediately evident the previous owner had not been using a detector. During just a few months of working the dumps part-time, he recovered gold in quartz specimens valued in excess of $40,000.
Because quartz and gold may be deposited together across a considerable range of temperatures, not all quartz veins are the same, and there are several different types of gold-quartz deposits.
With eight loads processed, a pumpkin-size rock fell into the hopper, stopping the whole operation until I could lift it out.
The biggest obstacle is that like many streams on the Kenai Peninsula, high water during the summer months from snow melt and rain can make dredging nearly impossible. The best dredging is in the colder months of the year.
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