Special Suction Dredge Permits in Jeopardy
October 1999 by StaffAs we go to press, Horseshoe Bar Action & Research, a division of the Gold Country Miners small-scale mining club, brought to ICMJ's attention a potentially very significant problem for gold dredgers in California.
The Montana Board of Investments unanimously approved a motion to issue up to $35 million in bonds to help Stillwater Mining Corp. expand its platinum and palladium mine.
For those who have the courage and resources to challenge the environmental opposition, I’d like to bring to their attention a potential new mining district in Montana that was suggested by an exploration project of The Bunker Hill Company about 30 years ago. I have no financial interest in the property or its future but feel the story should be told so that future generations might benefit from the mineral potential.
Gold—a very elusive, heavy, yellow, metallic element—is coveted by man and not easily given up by Mother Nature. This is a story of a group of friends—old, new, and some I hadn’t met before this trip. We embarked on a journey in search of that yellow metal.
I enjoy your magazine very much. I read it from cover to cover every month.
During the Miocene and Pliocene mid-Tertiary Epochs, the Great Basin, Mojave, and Sonoran deserts within parts of California, Nevada, and Arizona became the source—the genesis—of ubiquitous epithermal “precious metal” fissure-gold veins associated with extensive acidic volcanic lava flows that blanketed much of the Cordillera during this time.
So you think you have an ore deposit? The work has been long and hard, but there are a few drill holes, lots of samples and assays. The data is in a reliable computer and there may be a mine at the end of the tunnel. What is the likelihood of a profitable operation? Can you raise capital for development or exploration?
Dire warnings about potential recession and side effects being felt throughout the economic spectrum sent the stock market down to a massive 394 point loss on the Dow Industrials on the 6th of June (see chart) and also sent chills in many corporate boardrooms in America and beyond.
The Bawl Mill • Our Readers Say • The Economy, The Environment and Equity • Carrizozo Lava Older Than Once Thought • Montana Mining Association Raising Cash • GATA Releases Open Letter to the Press • WANTED: Mining Poets, Singers & Storytellers • BLM Proposed Rule Making Affects Mining Claims • Company Notes • Mining Battle Case Under Advisement • Sutro Tunnel a Big Draw • Picks & Pans: Prospecting for Lode Gold • The Search for Specimen (Pocket) Gold in the California Mother Lode • Gemstones • Dry Lakes in Nevada • A Hairsbreadth from Death • Cartwrights Celebrate 40 Years in Nevada • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back