Two Arrested in Alleged Mining Investment Scheme
April 2004 by StaffThe US attorney’s office indicted Diana Flaherty, of Las Vegas, and Michael Gardiner, of San Diego, in connection with a securities fraud scheme. According the indictment, Flaherty, and her husband Robert (now deceased), had managed Phoenix Metals USA II. Gardiner is identified as a company shareholder.
To many geologists and prospectors, “greenstone belts” are synonymous with “gold belts” since they provide excellent places to search for gold.
The specific gravity of chalcedony is 2.58 to 2.64. This is slightly lower than coarsely crystalline quartz because of slight porosity in chalcedony. Being so light, it will easily wash out of a gold pan.
I made my way up past where I left off and the wash was going to end in about 100 feet. It was then I got a sweet signal.
We panned out maybe three gold pans of the material and we were shocked at the gold that was there. This rock appeared to be rich.
Years later I returned with a new detector with a smaller coil and detector technology more sensitive to smaller nuggets. I found my first nugget within five minutes. I had a second five minutes after that.
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