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Synclinal Oil

Most oilfields are found in anticlinal faults, or stratigraphic traps. Oil floats on water, so that it will rise to the highest point possible, above the water. If the porous or fractured sandstone or limestone that contains the oil is overlain by impervious shale, the oil can no longer rise. If the porous bed is arched upward...

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Advertising Manager Leaving ICMJ


It is with much regret that we announce the resignation of ICMJ Advertising and Production Manager, Diane Craig.

BLM Reports That 'Mining' Brings Most Public Reward


A report from the Bureau of Land Management (BLM) titled "Public Rewards from Public Lands—Fiscal 1998", shows that minerals production is the largest income producer for the federal government on BLM-managed lands.

Samuel Franklin Hunt Nevada’s “Rio Tinto”


At the well-known Rio Tinto copper district, Huelva, in southwestern Spain, large quantities of copper were found beneath a gossan of hematite at an average depth of 100 feet. The deposits were first mined during Roman times.

Montana Approves Stillwater Expansion Bonds


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.

Melman on Gold & Silver


One of the oldest market sayings is that a securities bull market confirms its strength when it is “able to climb a wall of worries.” Well, that old adage was sure given an enormous workout last month as one hammer-blow after another hit the headlines.

Nevada Regulators Reach Agreement With Queenstake Resources


Environmental regulators ordered Jerritt Canyon Mine near the Nevada-Idaho line closed on May 30 for failure to install equipment to control mercury air emissions. Yukon-Nevada blamed the failure on needed parts that didn’t arrive in time.

Gold Mining Boom in the Carolinas


Not too far from the pine-filled mountains, a young boy was exploring along Meadow Creek in Cabarrus County, North Carolina, one fine day in 1799. He discovered a beautiful rock that he took home and put to good use as a doorstop. Shortly thereafter, a jeweler stopped by to visit his folks, and as it turned out, the new doorstop was actually a 17-pound gold nugget. That nugget truly did open a door as it marked the beginning of the first gold rush in America.

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