The Seventymile and American Creek Goldfields
June 2007 by Ron WendtAuthor’s note: If you ever contemplate prospecting on the Seventymile River, beginning at the mouth, make sure your will is up to date, and you’ve said goodbye to loved ones. If the mosquitoes don’t get you on the way up, you’ll surely drown in the river or wear yourself out thrashing through the brush.
The Internal Revenue Service recently announced (IR-2013-5) a new, simplified option for those who use a home office, which would apply to owners of home-based mining or prospecting operations and businesses.
Picking the right spot to placer has to do with years of experience, and a little luck. The textbooks can tell you where it should be, but sometimes the rules just don’t seem to apply.
Unlike producing mines, exploration companies and claim holders owning non-producing claims are not reaping a windfall of increased profits from the recent high prices for precious metals and other raw materials.
Winter is the time for research, and if you haven’t already done some research to find new places to prospect, now is the time to cram in some last minute research before the good weather arrives.
Normally this spot is reserved for a little humor or diatribe about government abuse. In light of recent events, I don’t think it’s appropriate for this issue. Following are a few personal comments.
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