The Giant King Mine
July 2014 by W. Dan HauselMost gold-bearing veins in this region are controlled by fractures associated with the Melones Fault, a late Cretaceous structure that is 108 to 127 million years old.
After he excavates the ore down to bedrock, he goes over the bedrock with a metal detector to ensure he didn't leave any gold behind before he backfills the area.
The high prices for gold and silver are exciting and certainly have revolutionized the prospecting and mining scene. New interest in gold and silver mining is springing up from every corner, from individual prospectors armed with gold pans to exploration and mining companies working to set up multimillion dollar commercial operations producing hundreds of thousands of ounces per year. The idea of getting riches from rocks is one that motivates a lot of folks all over the globe. It’s an exciting time, but this excitement brings out another side...
This is the point where you might ask, “What do these types of contracts typically look like and how are they negotiated?” Well, that is the topic of this month’s article.
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.
Once I have established the presence of gold in the sample, I collect five-gallon bucket quantities of the rock material for processing back at my shop.
The solution focused on the relative difference in malleability between gold and waste, rather than the difference in density exploited by gravity circuits.
The Bawl Mill • A Return to Silver City, Idaho • Ask the Experts • Ask the Experts • Ask the Experts • Swing and a Miss • Miners Fight Back Against Road Closures • BLM Flexes Its Muscles in Quartzsite • Over the Divide • Romancing the Lens • Gold Recovery with Centrifugal Bowls • Mining on the Comstock Lode • Want to Go to Australia? • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices