Surging Gold Prices Burn a Few Unlucky Mining Firms
November 1999 by Associated PressThe extraordinary rebound in gold prices is claiming some unlikely victims—a few of the gold mining companies themselves.
One of our favorite lines can be attributed to former New York Yankee great Yogi Berra when he declared, “It’s deja vu all over again!” Well, during the past month, that seems to be the case as headline after headline has been recurring with amazing frequency.
Q: ...Is there any way to process the ore without using mercury or cyanides...?
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.
Climbing up the debris, I pointed my flashlight up a shaft ascending straight up as far as my light would shine. It was the stope of the pay shoot leading to the old tunnel above!
• Congress hits an all-time low
• FEMA—Federal Emergency MISmanagement Again...
• But everyone else is doing it...
The one undeniable truth in prospecting is that the more time you spend in the field, the more gold you will find. Here are a few keys I use to help build my confidence.
The main ore deposits of the Ely district are associated with an east-west belt of altered and mineralized rocks measuring about one mile wide that extends 8 miles westward from Ely.
The Bawl Mill • USPS Delays ICMJ Delivery at Oakland, CA Processing Center • Another Gold Heist Reported at Nome • No Need to Rewrite Mining Regs, NAS Study Confirms • BLM Filing Requirements for Small Miners' Waiver • Asarco Accepts Phelps Dodge Buyout • Once Lonely, Mojave Desert Phone Now World's Companion • Judge Blocks Road Protest • Company to Sue Over Stymied Gold Mine • No Mining / Logging on 40 Million Acres • Catastrophism vs. Uniformitarianism • 1st Annual Placer County Open Gold Panning Championships—1999 • Picks & Pans: The Ten-Pennyweight Nugget • Mining in Sonora, Mexico • Pullin' the Pin • Land of Golden Dreams—California in the Gold Rush Decade • Cerro Colorado Silver, Arizona • Progressive Privy Program Proved Popular • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back