The Basics of Exploration Leases and Contracts—Part I
February 2019 by Chris Ralph
Let’s take a look at these important property aspects individually, because they all affect the value of a property and how much mining companies might or might not be interested acquiring it.
I figured it would be quite conservative of me to shoot for about four ounces of gold instead of the twelve ounces I had found in 2013.
Nuggets make for the best memories and this patch was just adding to mine. In the hours of daylight I had left, I worked from that nugget to the bottom of the patch, collecting eight more nuggets.
The holes were overloaded with explosives, but I didn’t know it. I was just a green mining engineer fresh out of school and told to watch as the experienced miners set the charge.
Here's the kicker—for every lost flake there was a five minute penalty added to the time. Lost gold generally meant you didn't make it past the preliminaries.
Doug told me that there had been a 100-year flood that took place in October of 2013 and it washed out part of the mile-long landing strip. It also washed a large, wide gully down below and above the camp.
We decided to check some spots that were pretty good to us on previous trips. The detector was deceptively simple with few buttons and auto-ground balance.
We’ve had two trips to the deserts of Nevada and explored mines and mill sites, hiked miles of ravines in California, and swung our detector coils over thousands of square yards of bedrock.
The Bawl Mill • Ask The Experts - Do I need something other than a fire assay for PGMs? • Ask The Experts - This low-grade ore is not worth processing • Placer Gold Deposits of New Mexico • The Hunch • Resurrecting An Old Hard Rock Mine—A Series of Small Victories • Gold Prospecting for Better or Worse: A Long Hike • Mutiny on The Mason • Who Jumped Whose Claim First? • The Value of Evidence • Over The Divide: Charles "Chuck" Cushman • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices