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.
Find huge gold nuggets with your metal detector! That has been the promise, and for a lucky group of detectorists in the Ganes Creek “Pound Club” the reality of finding gold at Ganes Creek, Alaska.
I have figured out over the years that the winning combination is hard work, persistence, knowledge, and a little luck. This leads me to describe one of my best finds ever, a “honey hole” of placer gold, if you will.
Old tailing piles extend for miles. There was still plenty of water flowing here, so WPA members set up highbankers at several settling ponds.
At the end of the day, Jerry showed me how to clean out the sluice box and then how to pan out the concentrates. As we finished panning, there it was—a little tiny smile of gold...
Because these crevices catch and hold gold so well, it's worthwhile to learn how they form, which ones are good for catching gold and which ones are not.
The fine art of panning heavy sands requires a measure of patience. If you enjoy panning gold, you ought to enjoy this too, once you get the hang of it.
When working fine gold placers with a drywasher, there are some natural variables that can be beneficial as well as others that can be a hindrance to achieving good recovery.
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