Treasure Hawk Mine Back in Action
June 2004 by StaffSome of you may recall our article on the cleanup of the Treasure Hawk Mine claims in our August 2000 issue. Much has happened since then. Cutthroat Mining Corporation has completed all major restoration projects and...
I recently had the opportunity to spend a day exploring around Butte, Montana and was amazed by the amount of mining that has taken place there. The old-timers called Butte “the richest hill on earth” and had pretty good reasons for doing so.
“We feel that we can clean up an area that has been abandoned after 100 years of mining,” Lyon said.
The amount of gold in the traces from the low-grade scattered veinlets may be much more than the traces from the small but rich pocket, at least until the pocket hunter closes in on the rich pocket. Further confusion arises if the prospector stumbles across a placer deposit on one of the higher peaks.
The metal is expensive, not because it is rare but because of the expense to produce and work it. The minerals mined for titanium are all oxides, unlike many base metals that are mostly mined as sulfide minerals.
Knowing how and when to deduct the cost and expenses of the vehicles used in the prospecting or mining operation can have significant tax implications.
It was your correspondent’s privilege to accompany Great Atlantic’s management and geologic team on a journalist and analyst tour of their various New Brunswick projects during late June, 2012.
The Bawl Mill • Higher Copper Price Brings Hope, Jobs • Zeballos Gold Camp, British Columbia • Agreement Allows Pogo Mine to Resume Construction • Oregon Dredgers Receive Threats From Environmentalists • Understanding Hard Rock Mining: Terms and Methods—Part I • Mood at Calgary Conference is Subdued, But Optomistic • Reinventing the Wheel—The Infinity-Jet • Company Notes • Endangered Species Act is a Mess • Placer Platinum • Here Come the MineBots • Agency Gives Initial Backing to Kensington Mine • Mining Stock Quotes and Mineral & Metal Prices • Looking Back • Melman on Gold & Silver • Brits Thwart Robbery of Gold and Cash