Stimulus Package Provides Potential Tax Savings For Miners
April 2009 by Mark E. BattersbyThe American Recovery and Reinvestment Act of 2009, a nearly $800 billion stimulus package, includes nearly $300 billion in potential tax savings. Every prospector, miner and mining operator can share in over $75 billion in tax benefits for 2009 and 2010.
The anticipation of finding out if the system of snatch blocks, shackles, chokers, anchor points, and the strap binding the massive slab of rock in the bottom of the river would even budge an inch was weighing on me.
After getting all the gear together we headed up the old road that led us to an old ground sluice site. George and Kaleb were using lightweight VLF (very low frequency) detectors. I carried a newer technology unit that is just a tad coil-heavy in the front.
• "More articles like this would be great."
This year was a test. We had never done anything like this before, yet we grossed $30,000 in the short time we had to mine.
It’s really a kick to watch a boulder weighing several tons moving out of your dredge hole and onto the cobble pile being pulled by a cable attached to your portable winch.
Looking at the exceptions to the basic rules is sort of an advanced prospecting discussion, but the readers of ICMJs Prospecting and Mining Journal are plenty able to handle it.
The Bawl Mill • From The Editor • Detecting Invisible Gold • Finding Diamond Deposits With Your PC—Part I • Has Senator Harry Reid Worn Out His Welcome? • The Most Obvious Place • The Gold of Yuba County • PDAC 2009 Convention Highlights • Melman on Gold & Silver • Mining Stock Quotes, Mineral & Metal Prices