The Verde Copper-Gold-Silver-Zinc District, Jerome, Arizona
October 2012 by W. Dan HauselWhen I was a student in the College of Mines at the University of Utah, the Verde district was used as an exploration model for “submarine volcanogenic massive sulfide deposits.” So I looked forward to visiting this district and the town of Jerome in central Arizona in the spring of 2012.
The majority of the gold produced in Goldfield has come from ores that are close enough to the surface to be oxidized by the air. This oxidized ore is normally a soft, shattered, earthy material usually stained yellow to brown by oxides of iron.
Even though these were some of the earliest placer deposits to be worked, there is still plenty of gold left today—it just takes more work to recover. Knowing about the old locations where gold has been found is the first step to success.
Copper is a critically important metal that we need to run our modern electronic society, and the long term outlook for this metal is for a steady increase in price.
Gold, on the other hand, is super rare, and is one of the rarest elements in the earth’s crust. It averages only 0.000004 percent of the earth’s surface. That is four parts in a billion.
…it was immediately evident the previous owner had not been using a detector. During just a few months of working the dumps part-time, he recovered gold in quartz specimens valued in excess of $40,000.
The other opportunity that I see is in seeking unusual types of deposits. Specifically, the prospector would be searching for the stuff no one (or almost no one) is searching for. These deposits are effectively hiding in plain view.
…some miners are doing exceptionally well… with a few obtaining amounts estimated in the millions of dollars.
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