The Goodnews Bay Platinum Fields
December 2006 by Ron Wendt“But first and foremost you have to have the geology. With respect to the geology, the Goodnews Bay placers, which actually were won from the Salmon River drainage and its tributaries, produced on the order of 650,000 ounces,” Foley says.
With successively lower temperatures as the water mixture cools, new sets of minerals are formed and many of those stable at a higher degree of heat became subject to alteration as the temperature progressively moved lower.
The Alaska Miners Association recently released a report on the Economic Impact of Mining on Alaska. The numbers are impressive:
Man has toiled for thousands of years underground to unlock the treasures that Mother Earth has buried just beyond view. A source of light was of the utmost importance to the miner and many developments evolved through the passage of time.
Tabling and jigging are two relatively inexpensive methods of recovering the “free particle values” from the noble metal ores. However, not all ores contain their values as free particles. In fact, many gold ores contain appreciable amounts of “metallic gold salts,” some of which readily dissolve in the system water and continue to migrate right along with it.
So you think you have an ore deposit? The work has been long and hard, but there are a few drill holes, lots of samples and assays. The data is in a reliable computer and there may be a mine at the end of the tunnel. What is the likelihood of a profitable operation? Can you raise capital for development or exploration?
In twin blows to environmentalists, a Senate panel decided June 22nd to cut a high-profile proposal by President Clinton for buying park land and to limit an effort to restrict waste dumping at some hard-rock mines.
The Bawl Mill • Legislative and Regulatory Update • Researching and Staking Mining Claims • Special Rock • The Business of Mining: Cars, Trucks and Tax Deductions • The Kern River Gold Rush • Finding Gold in Mokelumne River Canyon • Important Court Cases • Smugglers Causing Problems in South Africa • Market Spotlight: Platinum in Demand • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices • Looking Back