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.
After he excavates the ore down to bedrock, he goes over the bedrock with a metal detector to ensure he didn't leave any gold behind before he backfills the area.
What are the tell signs of garnet deposits?
Back at the entry point of the mine, we took turns slowly crawling down the slope leading into the mine portal with our metal detectors, hard hats and flashlights. The mine was hand dug and is about 75 yards long.
...day one was like watching the Gold Rush television show. He furiously worked the nozzle in an up and down fashion that resembled Jack Hoffman sitting on a backhoe.
I poked my head out of the water and said, “You won’t believe what I am going to show you!”
The one undeniable truth in prospecting is that the more time you spend in the field, the more gold you will find. Here are a few keys I use to help build my confidence.
The very first thing to find out...is if the detector has the ability to be ground balanced.
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