The ABCs of XRF
May 2021 by Ron Kliewer
Fast forward to present day and the XRF has come of age. Pull the trigger on the hand-held device and you get a nearly instant assay of the surface of a rock.
It all started with a phone call from my friend and prospecting partner Pat Keene. He told me that he knew of an investor who was just starting out in the gold industry and was looking for a gold consultant to go to Africa to prospect and analyze a 400 sq. mile concession in the middle of the Congo rainforest. I waited for the “just kidding” line...
Even though they have put down thousands of dollars, the buyers often stop paying on their claims part way through the process after they realize they’ve been duped, but the company just sells it again to another buyer.
The Gold Eye placer claims, located in the La Cholla district of Arizona, are still producing some beautiful gold. From the days of the Spanish explorers and Mexican miners, men have tunneled into the earth in search of gold in this area.
It’s not easy to figure out what is best without testing, and so a certain level of confusion has developed about how small the ore ought to be crushed.
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.
“The evidence is clear—mineral deposits alone are not enough to attract precious commodity investment dollars...”
Imagine you have located a source of virgin placer ore containing immense gold value. Now imagine that there is a 10-ton monolith of extremely hard gneiss in between you and payday.
The Bawl Mill • Ask The Experts - What is oxide gold? • Ask The Experts - Can you recommend settings for a Gold Bug 2 in Vermont? • Ask The Experts - Where can I market my gold property? • Ask The Experts - Is there a detector for locating fine gold? • Pinpointing for Gold • Commercial Blaster Training • How Rich Must My Ore Be? • Gold Prospecting for Better or Worse: All Shook Up • Gold Circle (Midas) Gold District • How to Find Prospects That Others Missed • Gold 1822 Half Eagle Fetches Record at Auction • Utah Tellurium Mine Creates New US Supply of Key Mineral • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices