Turning Hobby Mining into Business Mining
March 2013 by Steve HerschbachThe first thing a person should do is seriously consider whether they want to go mining as a hobby or a business, and the tax implications of the choice.
These are entry-level machines designed with gold prospecting in mind and with the ability to handle mineralized ground and see nuggets of a grain or so in size, perhaps smaller.
All locations gave up some gold, but one particular section of exposed bedrock with steep, packed crevices kept giving us good, consistent results. We had found our spot.
...even the best prospectors have times when they do not find gold. It is all about taking chances against tough odds and succeeding.
George was considering filling his dredge floats with closed-cell foam, ensuring that there would be no area available within each float for flooding.
• Drones for the independent prospector
My intention was to end this discussion with waypoints and routes, then I found USGS maps of the Plainfield Quadrangle.
If you do the math, it equates to about $1,500 of heavy metal value per three-hour dive. This is good wages, and you are doing a service to the environment by removing this toxic metal.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Legislative and Regulatory Update • Gold Deposits of Montana • Benches and Fossil Placers • Buying a Mining Claim: Questions to Ask • Looking for that Hidden Placer • The Many Facets of Iron • And the Survey Says... • $50 Million Swiped in Diamond Heist • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices