Tools of the Modern Prospector: The GPS
July 2008 by Chris RalphGPS provides the prospector a precise way of knowing just where something (like a mine) is located. There are many thousands of lost mine stories—some real, and some made up. The use of a GPS could well have made the difference to accurately record their location.
Getting started in prospecting often requires the purchase of some equipment, but one can spend as little as $10 and be finding gold or spend thousands and also be finding gold—yet you will probably have many more opportunities and possibilities with more and better equipment.
We chose this particular area because an old channel had run here at one point and had been heavily worked on top of a mountain hilltop. Erosion patterns cut deeply on each side, leaving the channel exposed. The erosion cut sharply, dropping into ravines far below.
Uncle Sam, the not-so-silent partner of every miner, dredger and prospector is willing, using our tax laws, to help reduce out-of-pocket expenditures necessary to acquire business assets and property. In addition to the well-known depreciation deduction, however, the tax laws permit tax write-offs for other, less tangible business assets. The best time to explore and lock-in many of these overlooked and misunderstood deductions is now, well before the end of the tax year.
• By the numbers
• Apparently Americans deserve more of the same...
…whichever layer I’m getting the best gold, I’ll work that stratum. Some of the best gold in the desert is not always on the bedrock.
On the morning of the 19th of January, 1848, Marshall went out to examine the cut and inspect the progress that had been made overnight.
The Bawl Mill • The Lost Silver Triangle of the Sierra Madre—Conclusion: Tayopa, Guaynopa, and Guaynopita • The Greenwood Gold Project • Miners Go To Work In Washington • How To Locate Diamonds • Natural Crystalline Gold • The Vore Mine • Whitehall Mine Foregoing Closure • Work Begins At Rock Creek Mine • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • The National Mining Hall of Fame to Induct Four • Looking Back